Business Desk : Chinese company YiXin Bangladesh Co. Ltd. is going to set up a shoe accessories manufacturing industry in BEPZA Economic Zone (BEPZA EZ). They will invest $ 7.45 million to produce annually 10 million pairs of footwear materials. The company will create employment opportunity for 1,509 Bangladeshi nationals.In presence of BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, an agreement to this effect was signed between Bangladesh Export Processing Zones Authority (BEPZA) and YiXin Bangladesh Co....
Business Report : The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is not going to invoke the ‘no work, no...
Business Report : The National Board of Revenue (NBR) has set a six-month target to significantly broaden its tax base, aiming to reduce the disproportionate burden on the country’s existing taxpayers.“We have fixed a target of six months to widen the tax net, focusing on increasing the number of taxpayers. This will be our priority,” a senior NBR official said.The official emphasized that while a substantial portion of revenue is currently generated from a relatively small pool of existing taxpayers,...
Business Report : Janata Jute Mills Ltd in Narsingdi Palash has been shut down indefinitely following an attack, vandalism, and...
Business Desk : A delegation of Institute of Chartered Secretaries of Bangladesh (ICSB) led by its Senior Vice President, Mr....
Business Desk :bKash joins hands with Grameenphone and City Bank to offer the ‘Pay Later’ service for their joint customers,...
Business Desk : Global technology brand OnePlus is thrilled to announce the opening of its first-ever flagship store in Dhaka, Bangladesh, on Friday, September 6th. Located in Jamuna Future Park, this state-of-the-art retail space is designed to provide an immersive experience, allowing customers to explore OnePlus’s latest technology.The store features interactive zones where visitors can engage with OnePlus’s newest innovations firsthand. The opening of this flagship store reflects the government’s confidence in the quality of products manufactured locally.To celebrate the...
Business Desk : Meghna Bank PLC has recently signed a Memorandum of Understanding (MOU) with the on-demand service delivery platform...
Business Desk : Sony-Smart showroom has officially opened its doors in Mohammadpur, Dhaka. Situated on the ground floor at 25/4, Block-C, Tajmahal Road (near Mohammadpur Women’s College), this flagship showroom is set to become the prime destination for genuine electronics products and services from Sony, the globally acclaimed Japanese brand. In Bangladesh, Sony’s official distributor is Smart Technologies (BD) Limited, operating under the brand name Sony-Smart, says a press release.The inauguration ceremony, held on Thursday, 5 September 2024, featured a...
Business Report : A coalition of 39 civil society organisations CSOs) under the banner of the Climate Justice Alliance-Bangladesh has called for the cancellation of the Mujib Climate Prosperity Plan (MCPP) 2022-2041 which, they considered was formulated through an undemocratic process and designed solely to implement the political ambitions of the then-government.They also demanded radical reforms of the Bangladesh Climate Change Trust Fund- BCCTF and the Climate Change Trust Act, 2010 to prevent syndicated corruption in funding decisions and implementation.The...
AFP : Napoleon Osorio is proud of being the first taxi driver to have accepted payment in bitcoin in the first country in the world to make the cryptocurrency legal tender: El Salvador.He credits President Nayib Bukele’s decision to bank on bitcoin three years ago with changing his life.“Before I was unemployed… and now I have my own business,” said the 39-year-old businessman, who uses an app to charge for rides in bitcoin and now runs his own car rental...
Reuters : A technician works on porcelain insulators on power transmission tower in Karachi, Pakistan, December 7, 2018. Pakistan is renegotiating contracts with independent power producers to rein in “unsustainable” electricity tariffs, the head of the power ministry said, as households and businesses buckle under soaring energy costs.Rising power tariffs have stirred social unrest and shuttered industries in the $350 billion economy, which has contracted twice in recent years as inflation hit record highs.“The existing price structure of power in...