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Development of EZs moving fast Works are going in a quicker pace to implement the government’s pious aim of setting up 100 economic zones (EZs) across the country to make Bangladesh an investment hub and an export-centric country. “For this purpose, the government has already acquired 15,528 acres of land and a move is underway to acquire more 20,000 acres of land within the ... Read More »

Muhith also wants probe against Dr Yunus’s tax rebates Day after premier Sheikh Hasina blasted Nobel laureate Muhammad Yunus in parliament, finance minister AMA Muhith on Thursday said the tax rebates enjoyed by the Grameen Bank founder should be investigated. “It’s a difficult proposition. However, Dr Muhammad Yunus’ Grameen Bank took advantage of a number of tax rebates. Those should be investigated,” Muhith told newsmen at his ministry ... Read More »

BB loosens rules over borrowing for “A” type industries in EPZs , EZs Bangladesh Bank (BB) has loosened short term foreign currency borrowing for Type “A “industries in Export Processing Zones (EPZs) and Economic Zones (EZs). Under the relaxed rules, type A industries in EPZs and EZs are allowed to obtain short term foreign currency loans from overseas banks and financial institutions, according to a BB circular issued on Sunday. “They (Type ... Read More »

Paramount Textile Ltd National Export Trophy Shakhawat Hossain, Managing Director of Paramount Textile Ltd receiving National Export Trophy in Gold Category for the financial year 2013-2014 from Prime Minister Sheikh Hasina, at a program jointly organized by Export Promotion Bureau and Commerce Ministry in the city recently. Commerce Minister Tofail Ahmed was also present among others. Read More »

BEZA approves 4 private economic zones

bepza The governing council of the Bangladesh Economic Zones Authority (BEZA) approved four private Economic Zones (EZ) on Thursday.  The approval was given in the fifth meeting of the governing council of BEZA at Prime Minister’s Office (PMO) with prime minister and chairman of the council Sheikh Hasina in the chair. Addressing the meeting the prime minister urged the officials ... Read More »

Drive beginsw to trace tax evaders : NBR

tax-drive NBR Chairman Md Nazibur Rahman on Wednesday announced that drives began against those who are evading tax. He made the announcement at a function at NBR premises. Nazibur said the drives would continue till January 21. “When someone becomes tax-friendly, we receive him or her cordially. On the contrary when someone evades tax, we turn ferocious to him or ... Read More »

NRB wins Singapore poetry contest

NRB Desk           Every day, as Bangladeshi supervisor Bikas Nath scrambles in and out of vessel holds at the shipyard where he works, all he sees around him is sweat and grime. But in his mind’s eye, the 22-year- old glimpses the vistas of his homeland: dust storms, bright mustard flowers, the heady scent of jackfruit in ... Read More »

Mongla Port capacity expanding

Bagerhat Correspondent The capacity of Mongla seaport is expanding. Modern equipment for cargo handling is being procured, navigability problems are being resolved and several other projects have been implemented to develop the port further. Importers and exporters are turning more and more towards this seaport, the second largest in the country. As a result, the port saw a 28 per ... Read More »

India’s cash crunch affects import from Banglabandha


Bangladesh is also feeling the heat of latest cash crunch in India. The revenue earnings of the Banglabandha port have come down to half in the past one month compared to the previous months. Only 130 to 150 trucks now enter Bangladesh from India through the land port a day whereas the number was over 300, leading to the fall ... Read More »

BWCCI gets local chamber award at CACCI confce

BIWAC Bangladesh Women Chamber of Commerce and Industry (BWCCI ) has been awarded the 7th Local Chamber Award in the big category. BWCCI President Selima Ahmad received the award at the 30th Conference of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) held during 23-25 November, in Taipei, Taiwan, said a press release here today. The conference was ... Read More »