Wednesday, August 13, 2025

Unfriendly business environment deters new investment: CPD

Centre for Policy Dialogue on Sunday said that investors were refraining from making new investments in the country because of absence of investment-friendly environment. Investors are suffering from a lack of confidence in doing further investment in the absence of congenial political situation in the country, it said.

Body suggests factory owner-worker consultation to set wage

Piece-Rate Workers Body suggests factory owner-worker consultation to set wage The working committee formed by the government to identify problems of the sweater factory workers who work under piece rate system has suggested that factory owners should set rates after consultations with their workers. To resolve the prevailing disputes over payment on piece-rate basis, the committee ... Read more

Foreign investment in DSE plunges in May

The net foreign investment at the Dhaka Stock Exchange dipped to Tk 128.64 crore in May from a record Tk 572.08 crore a month before as the country’s premier bourse experienced downward trend in May. The DSE data showed that foreign investors made transactions of shares worth Tk 577.50 crore in May with Tk 128.64 crore ... Read more

‘Micro-credit receivers to lose if govt imposes tax’

Representatives of different micro-credit institutions on Sunday said that if the government imposes taxes on micro-credit, the loan receivers would lose. They also said that the government’s poverty alleviation programme would also be affected if taxes are imposed on micro-credit. They made the

Moderate gains at Dhaka stocks on Sunday

Dhaka stocks opened the week with moderate gains on Sunday ahead of the announcement of the national budget on Thursday. DSEX, the benchmark general index of Dhaka Stock Exchange, advanced by 18.09 points or 0.41 per cent to close at 4,448.57 points on Sunday. In earlier trading session on Thursday stocks fell flat dropping only 0.50 points.

FBCCI eyes larger apparel export to Japan

Bangladesh will offer either an industrial park or a special economic zone for Chinese investors to invest in Bangladesh in a larger scale during business leaders’ coming China visit, said the FBCCI president Kazi Akram Uddin Ahmed in Dhaka on Sunday. He also said Bangladesh’s export might reach $ 50 billion within a year if Bangladesh ... Read more

NBR must get Tk 34,206cr in 2 months

Fy14 Revenue Target NBR must get Tk 34,206cr in 2 months The National Board of Revenue will have to collect Tk 34,206.82 crore in the last two months of the current fiscal year to achieve the downsized revised full-year revenue collection target of Tk 1,25,000 crore, officials said. They said the NBR would have to ensure ... Read more

Tourism likely to become thrust sector in new budget

Tourism sector is likely to be treated as a new focus area in the coming national budget for 2014-15 for creation of jobs. Finance ministry officials said the sector would be included in the ‘focus list’ in addition to power, infrastructure and human resources development in 2014-15 fiscal year. The government believes that development of tourism would

Lack of co-op, trust barrier to PPP projects implementation

Say businesses at a roundtable Businesses on Saturday said lack of cooperation and trust between the public and private sectors was the key challenge for implementation of the public private partnership programme in the country. At a roundtable discussion on the PPP in Bangladesh, business leaders urged the government to create more business-friendly environment and to ... Read more

Economic woes hold back car sales before budget

Car sales have not picked up this year before the announcement of the national budget, very unlike of the previous years, because of economic slowdown the country has witnessed since the first half of the current financial year 2013-14 over political unrest centring January 5 national elections, said industry people. According to sellers, they witnessed an

Stocks gain after 4-week fall

Dhaka stocks gained last week after a four-week fall as the bargain hunters were out in force. DSEX, the benchmark general index of Dhaka Stock Exchange, added 1.06 per cent, or 46.41 points, in the week to close at 4,430.48 points on Thursday, last trading day of the week. The DSEX had lost 282 points in the ... Read more

Bangladesh to become $100b trade economy soon: ICCB

International Chamber of Commerce, Bangladesh president Mahbubur Rahman on Saturday said that the country would soon turn into a $100-billion ‘trade economy’. ‘Bangladesh economy is growing up despite the unstable situation in 2013. It is expected that Bangladesh is going to be a $100-billion trade economy not

Tax holiday scheme likely to be extended to woo investors

The government is likely to extend the tax holiday scheme for another couple of years aiming at enhancing investment and creating employment opportunities, said NBR officials. In the current financial year 2013-14, the government extended the scheme from June 2013 to June 2015. Finance minister AMA Muhith during his budget speech

B’desh 2014 rice imports to be triple: FAO

The UN’s Food and Agriculture Organisation has estimated 2014 Bangladesh’s rice imports to nearly triple to about 4,00,000 tonnes due to lower prices in international market. The FAO reports that most of the imports are by the private sector, reports oryza.com web site on Thursday. The FAO estimates 2014 aggregate paddy

Prices of broiler, gram, red lentil rise

The prices of broiler, gram and red lentil increased in the capital’s kitchen markets over the week ending Friday. Traders said the prices of the commodities increased due to their increasing demand. The price of broiler increased by Tk 10 a kilogram and the item was selling at Tk 150-Tk 160 a kg on Friday. Abul Bashar, a ... Read more

Tax-free limit on agriculture income likely to be doubled

CSR spending ceiling for corporate taxpayers to go up The government is likely to increase the threshold of tax-free income derived from agricultural activities in a bid to encourage people to engage in the sector, officials of the National Board of Revenue said. The tax-free income limit for agriculture sector may be set at Tk 1 ... Read more

JS body suggests high duty on polythene raw materials

The parliamentary standing committee on textiles and jute ministry on Thursday recommended the government for imposing high import duties on raw materials of polythene with a view to discouraging polythene bags and encouraging jute-packing. Members of the watchdog body at a meeting held