Bangladesh Small and Cottage Industries Corporation (BSCIC) Bill, 2022 was placed in parliament today keeping a provision of two years jail and fine worth of Tk 50,000 for providing false information for borrowing money from the corporation.

The government would first consider the country’s interests before accepting any foreign investment in Chattogram port, State Minister for Shipping Khalid Mahmud Chowdhury said yesterday.

The US companies are ready to invest in energy, particularly in liquified natural gas (LNG), to help Bangladesh grow further, a top US official said today.

The National Board of Revenue (NBR) is likely to extend a value added tax reduction on edible oil imports and refining for three months to retain current prices for consumers battered by rising costs of essential commodities. 

The Chattogram port must fast-track the unloading of goods, install modern equipment, and improve service quality in order to cut congestion and facilitate Bangladesh’s fast-expanding global trade, speakers said yesterday.    

A parliamentary body yesterday recommended dividing all 140 tanneries at Savar Tannery Industry into three categories, based on compliance and lack thereof in treating tannery waste, and close down those that have never applied for environmental clearance and are unlikely to comply.

The Chattogram port must fast-track the unloading of goods, install modern equipment, and improve service quality in order to cut congestion and facilitate Bangladesh’s fast-expanding global trade, speakers said today.

Six Bangladeshi companies today signed a land lease agreement with the Bangladesh Economic Zone Authority (Beza) to invest $457 million at Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram and Sabrang Tourism Park in Cox's Bazar.

Revenue collection by the National Board of Revenue (NBR) witnessed robust growth of 21 per cent in the July-August period of the current fiscal year thanks to the devaluation of taka, high inflationary pressure and expansion of the economy.

Increased use of Saidpur airport by the neighbouring countries, including Bhutan, will increase Bangladesh’s regional trade, Commerce Minister Tipu Munshi said today.

The government should set up testing labs at ports to ensure fast delivery of imported goods and products for uninterrupted production, said Md Jashim Uddin, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).

Bangladesh’s entrepreneurs have made a lot of advancements in building their capacity to make lighting products and accessories for residential and industrial use.

A Bangladeshi vessel—MV Trans Samudera—carrying an Indian transit container from Kolkata reached Chattogram port today.

The reopening of mills owned by the Bangladesh Textile Mills Corporation (BTMC) under a public-private partnership (PPP) programme is still shrouded in mystery as the private sector’s response remains poor eight years after the prime minister issued a directive in this regard.

HZ Outdoor International Co Limited is going to set up a garments and bag manufacturing factory in Karnaphuli Export Processing Zone (KEPZ) with an investment of $6.03 million.

An 11-member technical mission of the World Bank reached Chattogram port today to discuss various aspects of proposed Bay Terminal, a mega project taken to enable the port accommodate larger ships.

The current rates of VAT and other taxes are a major obstacle to developing the country’s tourism industry, a parliamentary body said yesterday.

Big Dipper Textile Mills, which is owned by a Canada-China enterprise, will invest $91.15 million in the Ishwardi Export Processing Zone (IEPZ) to set up a textile factory. 

Chattogram port has advanced three steps in a year to become world’s 64th busiest port in terms of annual throughput of containers in 2021.

Cement makers are passing tough times amidst a decline in demand from public construction in tune with the government’s austerity measures and sluggish private initiatives on building homes and other facilities for inflation.