Bangladesh Textile Mills Association (BTMA) yesterday strongly denounced rumours regarding safety compliance in the country’s textile industry.

International retailers and brands are putting on hold work orders placed with many factories amidst the uncertainty over whether garment factories will be allowed to run during the upcoming 14-day lockdown beginning July 23, said exporters.

The Chattogram VAT commissionerate filed a case on Thursday accusing KSRM Steel Plant of dodging value-added tax (VAT) payments worth Tk 231.17 crore on product sales and raw material purchase.

Workers of a garment factory blocked a road in Gazipur yesterday morning, demanding their pending salaries and other dues ahead of Eid-ul-Azha.

The Federation of Bangladesh Chambers of Commerce and Industry said if factories processing food and other essentials remain shut amid Covid restrictions, consumers will ultimately have to suffer due to price hike resulting from a disruption in the supply chain.

The Federation of Bangladesh Chambers of Commerce and Industry (FBBCI) today said consumers will suffer due to price spiral resulting from disruption in the supply chain if factories processing food and other essentials remain shut as part of restrictions to contain spread of Covid-19.

A decision is yet to be reached on whether garment factories would be allowed to be kept running during an upcoming 14-day lockdown beginning July 23.

A cargo vessel yesterday became the first to berth at the second jetty being constructed for unloading coal for the under-construction coal-based power plant at Matarbari in Moheskhali upazila of Cox’s Bazar.

Alphabet Inc’s Google is ramping up cloud infrastructure in India with a second cluster of data centres in and around capital New Delhi to meet increasing customer demands in a key growth market, senior company executives said. 

From the current fiscal year, taxpayers will be required to pay taxes of up to Tk 5 lakh through automated chalans or electronic transfers.

Imam Uddin, the owner of a plastic toy store in the Mitford area of ​​Dhaka, was awarded Tk 1 lakh in exchange for eating a breakfast worth about Tk 85, including VAT, at a restaurant in the capital.

The Finance Ministry today allocated Tk 212.08 crore for 21,552 workers who were not permanent at jute mills, now closed, under Bangladesh Jute Mills Corporation (BJMC).

The government today fixed the prices of the salt-applied rawhides of cows at Tk 40-45 per square feet in Dhaka and Tk 33-37 across the country.

Britain’s fisheries have been sold out by the post-Brexit trade deal agreed with the European Union, the head of an industry body said on Wednesday, urging the government to do more for the sector when a so-called adjustment period ends in 2026.

Vegetable farmers in Rangpur and Dinajpur incurred huge losses amid the lockdown when they were finding it difficult to send crops to Dhaka and other parts of the country as truck operators were demanding high fares on different grounds.

The country’s agro-processors yesterday urged the government to allow their factories to remain open during the 14-day countrywide lockdown starting from July 23.

The National Board of Revenue (NBR) is likely to launch its new online tax return filing system in September this year, said officials yesterday.

China’s exports grew much faster than expected in June, as solid global demand led by easing lockdown measures and vaccination drives worldwide eclipsed virus outbreaks and port delays.

The prime index of the stock market jumped to a three-and-a-half-year high yesterday thanks to increased participation from investors.

Jobike has been left crippled by the ongoing Covid-19 pandemic as the on-demand bicycle rental service provider had to shutter a majority of its operations in the country.