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Bangladesh

Zara’s women’s men’s and kids’ collections available online to BD customers

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Arteixo, Spain, Nov 12 (AsiaNet/UNB) – Zara’s global women’s men’s and kids’ collections will be available online to customers in Bangladesh from November 8. French and is supported by dedicated customer service similarly available in both languages, will feature new items from the women’s (including the Woman, Trafaluc and Basic lines, men’s and kids’ collections twice a week. The simple ... Read More »

India’s success in ease of doing business index shows Bangladesh can do it: BIDA chief

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Dhaka : The chief of the Bangladesh Investment Development Authority (BIDA) has said India’s stunning success in the ease of doing business ranking indicates that Bangladesh can also pull it off. “We have to improve a lot. And we are working for that,” Executive Chairman Kazi M Aminul Islam said on Tuesday. He said this improvement is necessary for the ... Read More »

68pc Bangladeshis pay no income tax: CPD survey

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Dhaka : Some 68 percent of the population do not pay tax despite having taxable income, according to a study by the Centre for Policy Dialogue. The independent think-tank carried out a survey earlier this year among 1,200 people with taxable income and found only 32 percent had paid income tax the previous year. And 25 percent of the survey ... Read More »

Bangladeshi products likely to get duty-free access to EAEU countries

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Dhaka: Bangladeshi products are likely to get duty-free access to the five member countries of the Eurasian Economic Union (EAEU). Dhaka received such indication at the recently held maiden meeting of the Bangladesh-Russia Intergovernmental Commission on trade and other issues in Moscow. Bangladeshi officials who attended the meeting said Moscow has showed a positive attitude towards a proposal placed by ... Read More »

New Delhi seeks duty-free sugar export facility to Dhaka

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Dhaka : Commerce Minister Tofail Ahmed told journalists after a meeting with the visiting Indian Food and Public Distribution Secretary Ravikant at his secretariat office Commerce Minister Tofail Ahmed yesterday said India wants duty free market access facility for sugar in Bangladesh market under the South Asian Free Trade Area (SAFTA) agreement. The minister told journalists after a meeting with ... Read More »

Bangladesh needs more reforms to make doing business easier: WB

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Dhaka: Although the country has taken some initiatives to make doing business easier, the marginal change in Bangladesh’s position in the World Bank Group’s Doing Business 2019 report indicates that the pace of reforms needs to be increased significantly. Economies in South Asia region made further gains to improve the ease of doing business for domestic small and medium enterprises ... Read More »

Immense possibilities but many challenges for Bangladesh

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Dhaka : Industry leaders and business experts at the conference sounded caution, saying inadequate infrastructure, shortage of skilled resources and energy security were the biggest challenges in accelerating economic growth Despite citing a long list of challenges, business leaders meeting in Dhaka for an investment conference were overwhelmingly positive about the country’s economic performance and outlook, saying Bangladesh was unique ... Read More »

Waterways connectivity to boost India-Bangladesh trade

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Dhaka : India and Bangladesh have signed several agreements for enhancing inland and coastal waterways connectivity between the two countries for trade and cruise movements. The agreements will facilitate easier movement of goods and passengers between the two countries, giving an impetus to trade, tourism, and export-import cargo by reducing logistic costs. The two countries have signed an agreement to ... Read More »

Bangladesh yet to decide on using Indian sea ports

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Dhaka : Close on the heels of India calling upon Bangladesh to use its Kolkata and Haldia ports for transhipment purposes – which would make coastal shipping more cost effective and time saving, and create an opportunity for Bangladeshi garment exporters to reach European and American markets faster by avoiding congestion at the Chittagong Port – recent media reports claims ... Read More »

Bangladesh to cautiously weigh Indian offer for Kolkata, Haldia port use

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Dhaka : Bangladesh will evaluate cautiously a recent Indian offer asking the country to use its Kolkata and Haldia ports for transshipment to make coastal shipping more cost-effective for bilateral trade, officials and reports said on Monday. Bangladesh is yet to approve India’s proposal which was floated several months ago.The Financial Express newspaper carried a report saying Bangladesh’s shipping ministry ... Read More »

FBR mulls DTRE scheme for makers of knitwear, garments

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KARACHI: The Federal Board of Revenue (FBR) is mulling to allow manufacturers of knitwear garments to import raw materials under the Duty and Tax Remission on Export (DTRE) scheme. FBR Member Customs Muhammad Zahid Khokhar during a meeting with manufacturers and exporters of value-added textile goods at PHMA House, said he was convinced that by adopting the Bangladesh model, the ... Read More »

India has a Rs 4,500-crore border business plan in the making

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The two are Manik Chandra Dey, an additional secretary at the Financial Institutions Division, and Abdul Haque, a former executive director at the Bangladesh Bank. The government removed them from the state-owned bank’s board of directors on Wednesday after getting the Bangladesh Bank’s clearance, the central bank’s spokesman Serajul Islam told bdnews24.com on Friday. The government had appointed Haque until ... Read More »

One held with ‘1.7kg gold powder’ at Benapole

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Benapole:Customs officials arrested a man ‘along with 1.7kg gold powder’ at Benapole port here on Friday night. The arrestee was identified as Alamgir, 42, son of Md Ibrahim Khalil, hailing from Chatkhil in Noakhali. Belal Hossain Chowdhury, commissioner of the Benapole Port Customs, said port officials reportedly scanned Alamgir’s bag and spotted a packet of gold powder, worth about Tk ... Read More »

Tariff Commission renamed to Trade & Tariff Commission

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Dhaka : The Prime Minister’s Office (PMO) tabled a number of changes to the Bangladesh Tariff Commission (BTC) Act on Wednesday which would expand the body’s mandate on trade and tariff related tasks. The PMO renamed the commission as the Bangladesh Trade and Tariff Commission (BTTC) and tasked it with dealing with trade related aspects, in addition to its traditional ... Read More »

Gold bars worth Tk 40 lakh seized at Chattogram airport

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Chattogram, Oct 8 (UNB) –Customs officials recovered eight gold bars worth Tk 40 lakh from Shah Amanat International Airport on Monday. MahbuburRahman, assistant commissioner of customs, said a flight of Biman Bangladesh Airlines BG-148 from Dubai landed at the airport in the morning. Tipped off, a team of customs officials conducted a drive at the aircraft and recovered the gold ... Read More »

Imported spices worth around Tk3,000cr a year

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The country imports dry pepper, cumin, cardamom, and cloves, as they are not produced locally The import of major spices rose by 17% in August after a slow July as businesses rushed to meet consumer demand ahead of Eid-ul-Azha. Revenue board officials said the import of spices sees a major spike ahead of every Eid-ul-Azha as the ingredients are widely ... Read More »

Hasina offers US businesses support for investment in Bangladesh

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Prime Minister Sheikh Hasina has promised the American businesses her government’s total support in an effort to get them to invest in Bangladesh. “I invite you to come to Bangladesh with your businesses, technology, and innovations for mutual benefit,” she said at a luncheon roundtable with the US Chamber of Commerce in New York on Monday. “Please join us in ... Read More »

Fish import from Bangladesh to Tripura stopped for 20 days

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Dhaka:Fish import from Bangladesh has been stopped for 20 days that created huge crisis in Tripura markets, officials said here on Monday. “Bangladeshi exporters have stopped exporting fish to Tripura after a damage to 10,000 kg of fish valued at Rs 22 lakh on September 5 due to some ‘monetary disputes’. The fish was damaged as these could not be ... Read More »

India gets access to two Bangladeshi ports, will boost connectivity with North-Eastern region

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The central government’s efforts to enhance connectivity between the North-Eastern region and rest of the country has received a shot in the arm after the Bangladeshi cabinet approved a proposed agreement with India enabling India to use the Chattogram and Mongla ports for goods movement to the North-East. Md Shafiul Alam, Cabinet Secretary of the Bangladesh government said that the ... Read More »

Cabinet approves use of Bangladesh ports for Indian shipments to northeast

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Customs duties and transportation costs will be charged on this freight as it makes its way through Bangladesh territory, said Cabinet Secretary Shafiul Alam, after the cabinet approved the draft of a possible deal with India. “A draft of the communication network being built for connectivity between the Chattogram and Mongla ports has been approved for India’s signing. One of ... Read More »