Business articles

Bangladesh Going To Start Exporting Drugs To Sril Lanka

Bangladesh is going to start exporting drugs to Sril Lanka. A MoU is likely to be signed between the two countries next month during the upcoming visit of the Sri Lankan health minister. Foreign Minister Abul Hasan Mahmood Ali disclosed this during a meeting with the outgoing Sri Lankan High Commissioner WA Sarath K Weragoda

Bangladesh Bank Steps Back On Capital Market Issue

Bangladesh Bank and the Securities and Exchange Commission (SEC) reached an understanding that the central bank will not take any step that may hurt the capital market. It was decided that the central bank would consult the SEC if an urgent measure involving banks and financial institutions was necessary that may impact the share market.

Mangoes From Odisha Now in Bangladesh

When the European Union (EU) has banned import of mangoes from India, Odisha has found a new market for the king of fruits in Bangladesh. The first consignment of homegrown Dussehri and Amrapali mangoes was sent to the neighboring country through train. Director of horticulture Sanjiv Chadha said, “We sent around three metric tonne mango

FM Directs to Examine VAT Software Procurement Process

Finance Minister AMA Muhith has directed the authorities concerned to re-examine a procurement process carried out by the NBR for purchasing software for VAT management and automation amid allegations of irregularities and lack of transparency raised by a bidder. The minister came up with the directive after he had received written complaints from one SS

Textiles Sector Goes Under Department of Textiles

Bangladesh’s textiles sector will henceforth be under the Department of Textiles instead the Board of Investment. The Cabinet approved the shift in a meeting chaired by Prime Minister Sheikh Hasina. Cabinet Secretary M Musharraf Hossain Bhuiyan told reporters after the meeting that the Ministry of Industries had proposed the change to clear confusion about who