The development of 1,000 acres of land in Araihazar of Narayanganj has been completed for Japanese investors, Finance Minister AHM Mustafa Kamal said today.

The owners of hotels, motels, resorts and guesthouses in Bangladesh yesterday demanded tax waivers on the goods imported and services rendered by their businesses in order to develop the local tourism sector and attract more foreign travellers.

After repeated revision of deadlines and costs, the long-awaited Joydevpur-Elenga Highway project is finally nearing completion and even at a slightly lower expenditure.

The construction of the country’s first industrial park for electrical and light engineering product manufacturers in Munshiganj is set to be complete in June.

Global ports and terminal operator APM Terminals, a subsidiary of Danish shipping company AP Moller Maersk, has expressed interest in developing and operating the under-construction Patenga Container Terminal of the Chattogram port.

Investment needs to focus on the lowest-cost, lowest-carbon oil and gas resources, UAE Industry Minister Sultan al-Jaber said at the Munich Security Conference, the state news agency WAM reported on Saturday.

The National Board of Revenue (NBR) has extended its income tax exemption facility to foreigners working at the elevated expressway being constructed under a public-private partnership.

South Korea is keen to invest in Bangladesh’s garment and other major sectors as it looks to elevate the bilateral relations to a new height, said South Korean Ambassador Lee Jang-Keun yesterday.

Businesses yesterday urged the government to hold comprehensive discussions with trade bodies before finalising the newly drafted income tax law.

The government’s move to include city corporations in the approval process for construction in Dhaka directly contradicts its effort to improve the ease of doing business in Bangladesh, according to various realtors.

The cricket bat making hub that has boomed in the last three decades in Pirojpur’s Nesarabad upazila might soon go out of business as producers have been facing severe losses since the pandemic hit the country two years ago.

The prospect of direct container shipping from Chittagong Port to European destinations is widening as at least four more countries have expressed interest in directly transporting goods by sea from Chattogram to Europe.

Bangladesh’s garment industry might be brimming with export orders from international buyers thanks to the ongoing turnaround of the global apparel supply chain, but it is the larger units that are running in full swing while smaller ones have been pushed into corners.

Four foreign and local companies will invest $50 million collectively at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Chattogram’s Mirsarai area.

The European Union (EU) will continue providing Bangladesh with its support and assistance to help the south Asian country achieve sustainable graduation from the least developed country (LDC) category.

Businesses dependent on the import of raw materials are facing increasing shipping costs, which are fuelling their cost of production, and the burden is being passed onto consumers, resulting in a hike in prices.

Harvested rainwater currently meets 15 per cent to 60 per cent of the demand for non-drinkable water at textile and garment factories, helping the industry further its green movement by reducing dependence on groundwater, according to a study released yesterday.

Saif Powertec, a logistics and container supply chain management provider, is building a multipurpose jetty at the Mongla port with an estimated investment of around Tk 1,600 crore to handle both container and cargo ships, said officials yesterday.

Doreen Power Generations and Systems Limited yesterday announced that its subsidiary, Chandpur Power Generation, has completed a 100-hour reliability run test as per the power purchase agreement signed with the Bangladesh Power Development Board.

Mongla port, the country’s second biggest seaport, has made a strong comeback as it sees an increased arrival of ships, making it a major gateway for Bangladesh’s overseas trade once again.