Business articles

Bangladesh Bank Creates Fund For New Entrepreneurs

Bangladesh Bank (BB) has created a refinancing fund of Tk 100 crore for the new entrepreneurs in micro, small and medium sector (MSM). “The fund has been created to ease the funding to the new enterprises in the MSM sector who have already got training under the entrepreneurs development programmes by the government or private

China Taken Initiative To Setup Asian Bank Involving Bangladesh

China has taken an initiative to set up an “Asian Infrastructure Investment Bank (AIIB)” involving Bangladesh, India and other Asian countries to finance the big infrastructure projects aimed at establishing infrastructural connectivity among the Asian countries. A decision in this regard is expected to be finalized at the meeting of the heads of the working

Various Projects to Boost Chittagong Port Capacity

Chittagong Port Authority taken various projects to boost capacity of Chittagong Port Chittagong Port Authority (CPA) has undertaken various projects to enhance capacity of the country’s premier seaport, keeping pace with its growth. The CPA plans to keep the port free from pollution following ‘Greenport Concept’. In this regard, initiatives have been taken to maintain

Taxes on Raw Jute and Jute Products at Source Should be Lifted: SCB

Shippers’ Council of Bangladesh (SCB) has observed that there is no indication in the budget proposal to save jute industry and jute sector, though priority to agriculture, electricity, energy and communications sector in the national budget of fiscal 2014-15 likely to play a positive role for overall development. Besides, reduced duty on raw material import

SMEs Play Vital Role in Economic Development

Small and Medium Enterprises (SMEs) are playing remarkable role in socio-economic and industrial development of the country. SME entrepreneurs have the ability to create huge employment in the country, discussants at a meeting said, adding: “SME entrepreneurs have become successful in backward and forward linkage industries.” Terming SMEs as the driving force of the nation’s

Bangladesh Seeks Access of Bangladeshi Products to Chinese Market

Prime Minister of Bangladesh sought Chinese government’s’ cooperation in having easy access of Bangladeshi products to its market aimed at reducing the huge trade gap between the two countries. The Prime Minister sought the Chinese cooperation when she held a meeting with deputy Prime Minister of China Wang Yang at the Kunming International Conference Centre

New Budget – Doubling Tax Rate on High Earners.

Finance Minister AMA Muhith has proposed 30pc tax on high earners in his new budget for 2014-15 fiscal year. As per the proposal, presented in Parliament on Thursday, the tax rate would go up for those with annual income over Tk 4.42 million from the existing 15 percent to 30 percent. The budget proposal said

DCCI Delegation Off to China

A 24-member business delegation of Dhaka Chamber of Commerce and Industry (DCCI) , led by its President Mohammad Shahjahan Khan, left here on Thursday for attending the 9th China-South Asia Business Forum in Kunming. The DCCI attends the China-South Asia Business Forum every year with a view to promoting trade, investment between the South-West region

26 New Products to Receive Bangladesh Bank’s Green Finance

Bangladesh Bank has included 26 new products under its revolving refinance scheme for solar energy, biogas and effluent treatment plants to give loans at low interest. The banking regulator incorporated renewable energy, energy-efficient technology, waste management, alternative energy and non-fire block brick in the scheme. The loan limit for the products range from Tk 1.5

Bangladesh Urges Nordic Entrepreneurs To Invest More

Industries Minister of Bangladesh said the present government has formulated a liberal investment policy to attract foreign entrepreneurs here. He urged the entrepreneurs of Nordic countries to invest more in Bangladesh for exploring the investment-friendly atmosphere here. The minister was addressing a matchmaking event between local and Nordic entrepreneurs at a hotel in Dhaka. During