The local ceramic manufacturers are in a fix as the recent government decisions went against the interest of their industry amid Covid-19 pandemic, industry insiders have said. They said the National Board of Revenue (NBR) on June 23 issued an order, reducing the tariff rates on imported...
Bangladesh wants the EU to continue providing the current zero duty benefit even after its graduation to a developing country as the Covid-19 pandemic is taking a heavy toll on the south Asian nation's economy. Bangladesh has been enjoying zero duty benefits on export since 1973 under...
Bangladesh Small and Cottage Industries Corporation (BSCIC) has taken an initiative to create an online marketing platform to assist entrepreneurs in the Cottage, Micro, Small and Medium Enterprises (CMSMEs) for marketing their products. A position letter has already been prepared on behalf of BSCIC on online marketing,...
Market analysts anticipate the country’s ailing bourse to be rejuvenated as reputed local and multinational companies including a mobile phone operator are set to emerge in stock market amid a global setback in financial activities due to COVID-19 pandemic. Regulators said they by now approved enlistment of...
PowerPac Economic Zone Private Limited, a concern of Sikder Group, and Banshundhara Industrial Complex Limited (BICL), signed a Land Lease Agreement (LLA) on Sunday for setting up a bag manufacturing plant at Mongla Economic Zone, a press statement said. In presence of Paban Chowdhury, chairman of Bangladesh...
The Dhaka Stock Exchange said on Sunday that investors whose funds were embezzled by Crest Securities Limited would get back their money soon. The DSE made the comments at a virtual press conference on Sunday. DSE managing director Kazi Sanaul Hoq said that shares of 21,000 investors...
Misuse of tax benefits given to fish and poultry sectors has continued unabated due to lack of proper mechanism of the National Board of Revenue to crosscheck the income shown by the taxpayers from the sectors. Tax officials said that they used to express their inability to...
The Export promotion Bureau has proposed the commerce ministry to set the merchandise export target at $37.44 billion for the next fiscal year, beginning from Wednesday.
The target is much lower than current year’s target.
It, however, has estimated $32.99 billion export earnings...
The country's trade deficit widened by $1.09 billion or 7.28% year-on-year to $16.06 billion in the first eleven months of the outgoing 2019-20 fiscal year as export earnings fell more than import spending. The widening deficit also indicated a sluggish trend in the economy owing to the...