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Footwear sector expands, but challenges persist

Bangladesh’s footwear sector is set for substantial expansion, presenting lucrative investment opportunities in both leather and non-leather segments. The Bangladesh Investment Development Authority (BIDA) highlighted this potential in a recent newsletter while also acknowledging the challenges that must be addressed to sustain growth and enhance competitiveness.

Shah Mohammad Mahboob, an executive member of BIDA, underscored the industry's vast pot...

Japan’s ODA surge in Bangladesh

Bangladesh's super-fast rise on Japan’s ODA landscape is a significant development in South Asia. Japan’s ODA to Bangladesh began to rise from 2012 onwards, from a mere $78 million in 2011 to $305 million in 2012, and this trend has continued since then, with one analyst suggesting Japan provided $16.19 billion in foreign aid to Bangladesh up to 2021. Japan’s ODA increases have happened in tandem with Bangladesh’s economic growth, rise in bilateral trade and recognition of its strategic importance for maritime security. Sheikh Hasina’...

Bangladesh aquaculture industry growing at 3.7pc

The Bangladesh aquaculture market size reached 2.8 million tons in 2024 and is expected to reach 4.0 million tons by 2033, exhibiting a growth rate (CAGR) of 3.7 per cent during 2025-2033. This aquaculture market expands at a fast rate because the nation features beneficial natural resources and consumers need protein-rich food items.
Aquaculture Market Trends
Due to its abundant rivers and ponds together with coastal environments, Bangladesh serves as a favourable ground for aquaculture which particu...

Atiur, Barakat sued among 23 others

Twenty-three individuals, including former Bangladesh Bank governor Dr Atiur Rahman and former Janata Bank chairman Abul Barakat have been filed in a case by the Anti-Corruption Commission (ACC) on charges of embezzling Tk297 crore from AnonTex Group. ACC Deputy Director Md Nazmul Hossain filed the case on Thursday, accusing the individuals of fraud and forgery in collusion with bank officials. Among the accused are former deputy governor-2 Abu Hena Mohammad Razi Hasan, former assistant director Ismat Ara Begum, former...

VAT on biscuits reduced by half

The National Board of Revenue (NBR) has reduced the Value Added Tax (VAT) on both machine-made and hand-made biscuits by half.  A notification to this effect was issued on Wednesday, 19 February. Under the new regulation, the VAT on these products has been slashed from 15% to 7.5%. The notification specifies that the reduced VAT will apply to machine-made biscuits, as well as hand-made biscuits and cakes with a price exceeding Tk 200 per kilogram and Tk 300 per kilogram, respectively.

Prof. Niaz Zaman wins Ekushey Padak 2025

Professor Niaz Zaman, a distinguished educationist, author, and translator, and the Advisor to the Department of English and Modern Languages at Independent University, Bangladesh (IUB), has been awarded the prestigious Ekushey Padak 2025 for her outstanding contributions to the field of education and literary studies. Dr. Muhammad Yunus, Chief Advisor to the Government of the People’s Republic of Bangladesh, presented the Ekushey Padak 2025 to Prof. Zaman on February 20, 2025, at the Osmani Memoria...
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