Timely adoption of regulatory changes and policy reforms will help attract more foreign direct investment (FDI) and access foreign finances, said Nuzhat Anwar, acting country manager for Bangladesh, Bhutan and Nepal of the International Finance Corporation (IFC).

Tourism’s contribution to the gross domestic product (GDP) is estimated at 3.02 per cent by the Bangladesh Bureau of Statistics (BBS).

Samsung said on Tuesday it will build a microchip factory in Texas, a $17 billion investment that comes as semiconductor shortages are causing supply chain delays across many industries.

Most of the listed rod and cement producers in Bangladesh posted higher profits in the July to September period riding on higher sales as economic activities picked up thanks to the improving coronavirus situation.

The National Board of Revenue will honour the country’s top taxpayers today to celebrate their compliance and commitment to paying taxes regularly.

Olympic Industries Ltd, the maker of popular biscuit brands such as Energy Plus, Tip and Nutty, has announced that it would invest Tk 25.65 crore to expand its production capacity to meet growing demands.

The Tazreen Fashions fire, one of the nation’s deadliest industrial incidents, was an eye-opener for the garment sector, showing that the cost of non-compliance in business operations was very high.

There is a possibility of creating a huge demand for Bangladeshi branded products in Thailand, said Makawadee Sumitmor, Thai ambassador to Dhaka.

Synthetic footwear and sports shoe exports from Bangladesh registered an average annual growth rate of about 20 per cent in the past five years thanks to increased demand from global brands.

The government is set to undertake a nearly Tk 3,500-crore project to construct an 11-kilometre elevated road over haors in Kishoreganj to connect the northeastern backwater to the mainland.

Japan will provide $2.66 billion to Bangladesh to support construction of two major mega projects, including building of Dhaka’s first underground metro rail project, said a statement from the finance ministry.

Bangladesh has the potential to produce $1.2 billion worth of recycled textile and garment items as the country has a big production base for cotton fibre clothing items, according to a recent study by the Global Fashion Agenda (GFA) and McKinsey & Company.

The United Nations wants to work with the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) to improve the working environment of the industries in the country.

PHP Automobiles, the local distributor for Malaysian automaker Proton Holdings Berhad, yesterday rolled out the Proton X70 SUV, the first voice-activated car in Bangladesh.

Creating a business-friendly environment as well as simplification of the investment process would help in bringing foreign direct investment, speakers say at a programme.

The government plans to merge development and revenue budgets, amend income tax laws and establish a procurement authority in the next three years as part of a set of reforms aimed at boosting revenue collection and ensuring transparency in expenditure.

Cybercriminals breached the “secure” NBR server to falsely show export of goods worth around Tk 12.78 crore.

The Jatiya Sangsad yesterday passed a bill to make it mandatory for tour operators and guides to get registered.

Real estate companies are hoping for a good response from buyers at a four-day housing fair that kicked off in Chattogram yesterday as apartment sales in the port city gained momentum in line with the waning of the coronavirus pandemic.

The Bangladesh Export Processing Zones Authority (Bepza) has sought more South Korean investment in export processing zones in the country.