A new chamber named Bangladesh-Philippines Chamber of Commerce and Industry has been formed to promote trade between the two countries. Philippines ambassador Bahnarim Abu Guinomla was present at the launch at a city hotel on Monday. Rashed Maksud Khan has been named the founder president
business
China fashion retailers find trade scope in Bangladesh
The visiting fashion retailers of China on Saturday said there was a scope of doing business of billion of dollars between Bangladesh and China. Feng Dehu, vice-president of China National Garment Association, at a press conference said that the China retailers had started to build up their relationship
Shun hartal for sake of business
Urge women entrepreneurs Women entrepreneurs have urged the country’s two main political leaders, prime minister Sheikh Hasina and opposition leader Khaleda Zia, to seat in dialogue for establishing peace and avoid hartal for the sake of business and economy of the country. They also called the highest policymakers of the two political
Swiss business delegation due in Dhaka April 21
A business delegation of the Switzerland government will arrive in Dhaka on April 21 with an aim to further deepen official contacts in the areas of business and trade and provide fresh impetus to the growing trade relations between the two countries, said a press release. The delegation will be led by ambassador Eric Martin,
Dhaka, Delhi sign MoU for small dev projects
Bangladesh and India on Thursday signed a memorandum of understanding on the implementation of small developmental projects in Bangladesh. Economic Relations Division secretary Abul Kalam Azad and Indian High Commissioner to Bangladesh Pankaj Saran signed the MoU on behalf
Trade, industry priority areas of cooperation
The second joint commission meeting between Bangladesh and Vietnam emphasized on bilateral trade and industrial investment to enhance economic cooperation between the two friendly countries. At the end of the two-day meeting of the commission on Sunday, finance minister AMA Muhith said that the joint initiatives to boost bilateral trade
Local manufacturers demand duty rise on motorcycle import
Motorcycle manufacturers and exporters on Sunday demanded that the National Board of Revenue should increase supplementary duty on import of complete knock down (CKD) and complete built unit (CBU) motorcycles to 60 per cent from 30-45 per cent to protect the local manufacturing industries. At a pre-budget discussion with the NBR,
Vietnam to consider duty facility for Bangladeshi SME products
Vietnam industry and trade minister Vu Huy Hoang on Sunday said they would specially consider the duty facility issue for exporting Bangladeshi SME products to Vietnam. ‘The Vietnamese government will put in its efforts regarding the facility under the WTO (World Trade Organisation) framework,’ Hoang said during a meeting with industries
Local businesses urge Vietnam to import pharmaceuticals
Bangladeshi entrepreneurs on Sunday urged the visiting business delegation from Vietnam to invest in Bangladesh and import pharmaceuticals from the country. They said that Bangladesh had developed a strong pharmaceutical sector and was exporting quality drugs to at least 87 countries.
Nepal’s 100 items may get duty-free entry to Bangladesh
Bangladesh may give Nepal a duty-free access for 100 of its products, especially vegetables and agricultural ones, as those have a higher demand in Bangladesh, said an official of the commerce ministry of Bangladesh yesterday. On the other hand, Bangladesh sought from Nepal a duty cut on exports of electronics goods, pharmaceuticals and agro-processed food items, said
Green Delta to sell 10pc stake to IFC
Local insurance giant Green Delta has reached final stages to sell its 10 percent share to the International Finance Corporation (IFC), a wing of the World Bank Group, a top official of the insurer said. Green Delta’s board approved the proposed subscription of the IFC on Thursday last. “We’ll issue new shares for the IFC ... Read more
Bangladesh emerging as hotspot for suit making
Bangladesh is turning into a lucrative destination for manufacturing high-end formal suits as foreign investment proposals are coming to the sub-sector, with China losing its competitiveness, industry insiders said. The foreign brands are either sourcing the suits, formal jackets and trousers for men and women or establishing joint ventures in Bangladesh to tailor the
CSR and a new order of business
From being seen as mere philanthropy and ‘doing good’, corporate social responsibility is now at the heart of business sustainability and ethical and accountable corporate behaviour Bitopi Das Chowdhury CSR or corporate social responsibility has been a buzz phrase for quite some time now. Not a day goes by without it being mentioned, albeit in ... Read more
Investors must keep it in stocks till June ’13: NBR
The National Board of Revenue on Tuesday said the investors must keep the undisclosed money invested in stocks till June 2013 to avail the opportunity of legalising it by paying 10 per cent tax. The board in an order issued on Tuesday said the holders of undisclosed money would have to invest it in the ... Read more
Capital: most banks have enough
Most of the forty-seven commercial and specialised banks have dodged various risks to successfully maintain their capital adequacy. However, according to Bangladesh Bank (BB) information, five banks — two private commercial banks and three specialised banks — failed to meet the capital
World Cup brings business to Nurul Islam
Nurul Islam, a 50-year-old carpenter, is piling on the extra hours in his small shop at the outpost of Keraniganj to meet the rising demand for cricket bats. While it is already well into the cricket season in the country, the advent of a World Cup at home has only fuelled the demand. Hence, Islam ... Read more