The National Board of Revenue (NBR) yesterday extended the deadline for income tax return submission by a month.

The tax rates will come down if more people are brought under the tax net and if the government reduces the tax rate, people will be less inclined towards evading tax, speakers told a seminar yesterday.

Parag Agrawal, who took over Monday as the new head of Twitter, shot from relative obscurity as the platform’s technology expert to becoming the latest India-born talent to lead a US tech giant.

Dubai-based multinational logistics company DP World will invest $1 billion in Bangladesh’s supply chain infrastructure, including ports, rail network and inland container terminals.

The Infrastructure Development Company Limited (IDCOL) will finance rooftop solar projects that will generate about 300 megawatts of peak electricity by 2024.

Bangladesh has a favourable business environment for Turkish investors thanks to its congenial policy making and regulatory regimes, according to a 14-member delegation of the Turkey-Bangladesh Business Council.

A comprehensive national logistics development policy is needed to enhance the local transport system and facilitate foreign investment, according to speakers at the International Investment Summit 2021.

For many in their 30s and above, the word newsprint occupies a good part of memories of their schooldays.

A few years ago, Marks & Spencer (M&S) could not find a single factory in Bangladesh that could produce suits in bulk quantity although the country was already one of the largest apparel exporters in the world.

Bangladesh has eventually turned into the largest suits sourcing destination for Marks and Spencer (M&S) as the local suppliers have diversified the garment products and started making high-end items, said Shwapna Bhowmick, country manager of the British retail giant.

Bangladesh’s policy, regulatory regime and overall business environment are congenial for foreign investment, said a visiting delegation from Turkey.

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday partnered with CNN International Commercial (CNNIC) to promote the local garment industry on a global scale.

Prime Minister Sheikh Hasina yesterday urged the investors from across the world to invest in Bangladesh, making the best use of the opportunities the government is offering for foreign investment.

Investment opportunities have opened up in Bangladesh for its competitive wages, strategic location, stable policies, exchange rate and political situation, developing infrastructure and huge youth population, said Ahmad Kaikaus, principal secretary to the prime minister.

A Japanese minister has said the socio-economic development of Bangladesh in the last decade has been a miracle but also raised a number of investment issues here.

The International Investment Summit, which begins today, will see a new Bangladesh, said Salman F Rahman, private industry and investment affairs adviser to the prime minister.

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.