The Asian Development Bank (ADB), on its
latest economic outlook update, has shown how Bangladesh, and not India, is the
standout economy in terms of growth momentum in South Asia. The Indian Express,
in its online version, gave an explanation over the issue. The writing is
reproduced below:
Facebook is likely to appoint a VAT agent to ensure payment of value-added tax from their advertisement earnings from Bangladesh market. “We have talked to the government. The company will abide by all the existing laws of the country, Faceboo’s Public Policy Director in India and South...
Business leaders on Tuesday demanded that decisions taken by the Bangladesh Investment Development Authority should be well-coordinated among government agencies for expediting service delivery to investors. BIDA should ensure better interaction with investors, both local and foreign, to identify the problems in ease of doing business, they...
The inflow of remittances grew by more than 16 per cent in the first quarter (Q1) of this fiscal year (FY) as the government has announced a 2.0 per cent incentive on remittance receipts. The flow of inward remittances rose to US$4.51 billion during the July-September period...
Digital payments and services platform Dmoney yesterday announced the launch of its commercial operation for the Bangladesh market. “We have come up with a technology platform that will further accelerate the advancement of the people. This is an extremely proud moment for us Bangladeshis,” Dmoney Chairman Anjan Chowdhury...
The jute ministry has requested the finance ministry to create an initial low-cost fund of Tk 5.0 billion out of the proposed Jute Sector Development Fund (JSDF) of Tk 100 billion. It also recommended increasing the cash incentive for jute yarn from existing 7.0 per cent to...
When Imdadul Haque was in a fix after incurring a huge loss in his fishing farm in 2015 for a heavy flood, he opted to change his business immediately. But his love for fish farming held him back. He got to know about recirculating aquaculture system, which...
The Large Taxpayers Unit (LTU) saw a drop in revenue collection in the July-August period of the current fiscal year (FY), 2019-20. The revenue collection growth took a hit as two large sectors -- gas and tobacco -- have witnessed a decline of Tk17.63 billion in revenue...
Bangladesh has emerged as one of the countries in the World Bank’s ‘Top-20 improvers in Doing Business 2020’ list. The global lender yesterday issued a statement in this regard acknowledging that the country has implemented various reform initiatives to make a business-friendly environment in recent times. The...
The customs authority has issued a rule to allow duty-free import of products without insurance and freight charges valued lower than Tk 2,000. The similar facility will be applicable to a product whose import duty is below Tk 2,000. The 'Customs (Deminimis) Rule-2019' will clear the way...