The central bank of Bangladesh has relaxed regulations aiming to attract foreign direct investment (FDI) through providing three more facilities to foreign investors. Under the relaxations, foreign investors are eligible to receive their dividend in foreign currency (FC) accounts maintained in Bangladesh, according to a notification, issued...
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...
The cabinet on Monday gave final nod to a draft law with a provision allowing formation of a one-man company to attract further investment, develop entrepreneurship and improve the overall environment regarding ease of doing business in its weekly meeting with Prime Minister Sheikh Hasina in the...
Businesses are assessing their risks following the passing of China’s Anti-Foreign Sanctions Law, as political and economic tensions between China and a number of foreign countries rise. We examine the scope of the Law.
On June 10, 2021, the National People’s Congress Standing Committee...
The export of personal protective equipment (PPE) has opened a new avenue for apparel manufacturers of Bangladesh who are reeling from order cancellations and downswings of exports in the Covid-19 pandemic. According to figures by the Export Promotion Bureau (EPB), PPEs, including masks, gloves, and gowns, have...
The government may review the proposed increase in deposit to be made by businesses for VAT related dispute settlement and introduction of partial VAT rebate based on the actual usage of raw materials — the two provisions incorporated in the budget for the fiscal year 2020-2021. The...
The National Board of Revenue has relaxed the duty-free motor vehicle import rules for investors in the country’s hi-tech parks, curtailing the minimum level of investment to be made and the number of employees to be hired for availing the facility. The investors in the country’s hi-tech...