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Category Archives: EPZ News

Development of EZs moving fast

businessnews24bd.com 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 »

BB loosens rules over borrowing for “A” type industries in EPZs , EZs

businessnews24bd.com 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 »

BEZA approves 4 private economic zones

bepza

businessnews24bd.com 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 »

Govt moves to revitalise Pangaon Container Terminal

businessnews24bd.com The government has taken a fresh initiative to make the Pangaon inland container terminal more useful, slashing exporters’ costs of carrying raw materials by half. The decision was taken yesterday at a meeting attended by Finance Minister AMA Muhith, Shipping Minister Shajahan Khan and officials of the National Board of Revenue and shipping ministry. “There were some problems, but ... Read More »

12 private economic zones in the pipeline

businessnews24bd.com Bangladesh Economic Zones Authority or Beza reviews proposals for 12 more private economic zones, a step further in creating jobs and attracting investment from both home and abroad. If the proposals get through, Beza will provide prequalification licences to the private companies to set up the economic zones in parts of the country. “Local companies have expressed their intention ... Read More »

BB sets forex rules for economic zones

businessnews24bd.com Bangladesh Bank yesterday issued a new notice on foreign exchange regulations for enterprises and developers in planned economic zones as the government seeks to attract more foreign  investors. The foreign exchange regulations applicable for units in the existing export processing zones will also be applicable for entities in EZs, if not otherwise directed by the BB. The central bank ... Read More »

Govt. to form committee soon to finalise tariff for acquired land in BEZA

Economic Reporter Bangladesh Economic Zones Authority (BEZA) has decided to form a committee for finalising tariff proposals for land directly allocated to the zone’s investors.At a meeting on Wednesday, the authority also approved setting up of an economic zone by Bangladesh Export Processing Zones Authority (BEPZA) at Mirsarai in Chittagong, said a press release.Prime Minister Sheikh Hasina presided over the ... Read More »

BEPZA assures security of investors in EPZs

businessnews24bd.com Economic Reporter :Bangladesh Export Processing Zones Authority (BEPZA) organized an open discussion meeting with investors of EPZs for the security the zone and to keep the investors & expatriates more secured on Thursday in the city, said a press release.  At the beginning of the meeting, Major General Mohd Habibur Rahman Khan, ndc, psc, Executive Chairman of BEPZA expressed ... Read More »

BD signs $130m WB loan deal for Economic Zones

businessnews24bd.com The government on Sunday signed a $130 million additional financing agreement with the World Bank to scale up support for the recently licensed and new economic zones to attract foreign and domestic investment. The additional financing to the Private Sector Development Support Project (PSDSP) will help develop new Economic Zones through identifying, licensing, and negotiating Public-Private Partnership for economic zone ... Read More »

BD export earnings rise by 6.71% due to political stability

Bangladesh export earnings rise 6.71% due to political stability   Abdur Rahim Harmachi, Chief Economics Correspondent,  bdnews24.com Published: 2015-12-06 18:14:11.0 BdST Updated: 2015-12-06 18:48:34.0 BdST Bangladesh has earned $12.88 billion from exports in the first five months of the ongoing fiscal, registering a 6.71 percent rise over the same period the previous financial year. The income in this past November ... Read More »

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