Mobile phone manufacturing or assembly plants in hi-tech parks and economic zones will get VAT benefits, according to a recent notification from the National Board of Revenue (NBR).

The National Board of Revenue (NBR) has formulated the country’s first-ever comprehensive policy for private inland container depots (ICDs) in order to facilitate their operations and expand Bangladesh’s foreign trade.

Factory inspection teams have identified fire safety infractions at around 979 units in the past two months.

Industrial safety in the non-garment sector has been deteriorating day by day, said the Centre for Policy Dialogue (CPD) yesterday.

The Customs House Chattogram (CHC) and the VAT Intelligence have already conducted several investigations to find the destination of fake cigarette band rolls that dodged the eyes of authorities.

Bangladesh  will manufacture its own brand of cars through state-run Pragoti  Industries which currently assembles vehicles of Japanese brand  Mitsubishi, said Industries Minister Nurul Majid Mahmud Humayun  yesterday.

Bangladesh is staging a strong economic recovery from the coronavirus pandemic but the government should be cautious about tackling the pressures building up in some macro-economic indicators, said economists yesterday.  

Some local garment suppliers are struggling to avail payments from troubled Western clothing retailers and brands even nearly two years past making shipments while Covid-19 was initially running riot.

It has been a decade Akij Ceramics Ltd, a concern of Akij Group, has been operating in the ceramic industry in Bangladesh.

Guliakhali Sea Beach, a unique sea beach located in Sitakunda upazila, was declared a reserved area for tourism yesterday.

Young people in Bangladesh are increasingly joining the country’s largely untapped tourism sector on completion of the tertiary-level education instead of running after government and private jobs.

Amran Hossain, a private service-holder, invested around Tk 8 lakh in the stock market through Dawn Securities in 2009.

The country’s lone state-run distillery Carew & Company (Bangladesh) is planning to double alcohol production through an automation project and go for market expansion observing a recent hike in sales.

The conventional textbook approach of export-led growth models rooted in export-oriented manufacturing and climbing up the value chain has been the canonical models for growth for the East Asian countries (e.g., Japan, S. Korea, Taiwan, and China). This model is widely advocated for other developing countries for both enhancing growth and reduction of poverty.

Bangladesh  Cards Ltd, a joint venture between Japanese, Australian and Bangladeshi  investors, is going to invest $100 million in a local hi-tech park to  manufacture high-end technology products, including smart cards and  specialised security items, to cater to the growing domestic and  international markets.

No  new dyeing factory was set up in Bangladesh last year although the  segment is crucial to supporting the roaring apparel sector looking to  double its exports.

The spinning sector in Bangladesh witnessed a major jump in investment last year as entrepreneurs set up 26 new mills to meet rising demand despite uncertainty in the global apparel supply chain owing to the pandemic.

Tesla said Sunday it delivered nearly one million vehicles in 2021, almost twice as many as in the previous year, results that were better than expected despite global supply challenges.

Only 37 per cent of 62.77 lakh registered taxpayers filed income tax returns until January 2, the last day for filing income and wealth statements by individuals, according to the National Board of Revenue (NBR).

Revenue collection grew 11 per cent year-on-year in November powered by the revival of economic activities and higher income tax payments by individuals ahead of the return submission deadline.