If current spell of violence goes on in RMG sector, orders from international buyers may shift to alternative destinations and thus the country may also lose foreign direct investment (FDI), said Dhaka Chamber of Commerce and Industry (DCCI).
DCCI in a statement on Wednesday said, if this kind of violence is not stopped right now, it will affect the whole industry which will cause a serious damage to the country’s economy.
DCCI expressed its deep concern over the labour unrest and violence in the RMG sector that has been “taking a heavy toll” on the export earning apparel industry.
DCCI said recently the garment...
Tea prices in Bangladesh slipped at a weekly auction on Tuesday, snapping a four-week run of gains, as this season’s highest volume on offer offset demand from local buyers for the winter season, brokers said.
The average price of Bangladeshi tea was 206.36 taka ($2.65) per kg against 213.25 taka in the previous auction held on Nov. 13, an official from National Brokers Ltd said.
More than 2.4 million kg of tea was offered at the country’s sole auction centre in Chittagong, with nearly 22 percent remaining unsold, compared with 2.3 million kg offe...
Airtel Bangladesh Ltd, one of the fastest growing mobile service providers of the country, has signed a corporate deal with Ananta Group, a leading local apparel solution provider in Bangladesh at Ananta Group’s office in the city recently.
Airtel Bangladesh will be providing Ananta Group with best in class mobile solutions like voice call, blackberry service, 2G and 3G internet packages; etc. During the signing ceremony, Rajnish Kaul, Chief Operating Officer of Airtel Bangladesh, exchanged documents with Sharif Zahir, Managing Director of Ananta Group. Chowdhury Abd-Allah Quaseed Director, HR, Compliance, Welfare and Administration of Ananta Group, Rtd. Maj. General Sheikh Monir, Executive Director of Ananta Group, Md. Adil Hossain, Head, Corporate and SME Sales and Rejaul Amin So...
Al-Arafah Islami Bank Ltd (AIBL) has unveiled its in-house quarterly magazine – ‘Probaho’ on Tuesday.
Managing Director of the bank Md. Habibur Rahman was present as chief guest in the un-covering ceremony of the magazine, says a press release.
Deputy Managing Director of the bank and chairman of Magazine Publishing Committee Kazi Towhidul Alam handed over the newly published magazine to the chief guest. Among others, Deputy Managing Director Md. Mofazzal Hossain, Deputy Man...
The country's gross domestic product (GDP) target may be lowered to 6.2 percent from the existing target of 7.2 percent, as the prevailing unrest is generating many risk factors in the economy, sources in the Finance and the Planning Ministries say.
The policy makers are also thinking of lowering GDP target due to political instability.
In a meeting of the Fiscal Co-ordination Council at the conference room of the Finance Ministry recently discussed the latest economic position and prospects of the country. Finance Minister AMA Muhith chaired the meeting. Bangladesh Bank Governor Dr Atiur Rahman, Finance Secretary Fazle Kabir, Chairman of the National Board of Revenue (NBR) Golam Hossain, Planning Commission Member Dr Shamsul Alam, Economic Relations Division (ERD) Secretary Abul ...
Mobile phone operator Robi Axiata Ltd has illegally taken some Tk 830 million VAT rebate in its return that was submitted to the tax authority, a senior VAT official said.
Of the amount, the VAT wing has already realised Tk 480 million from Robi's current bank accounts. The Large Taxpayers Unit (LTU) instructed banks to freeze all its bank accounts to realise the rest Tk 350 million.
LTU under the Value Added Tax (VAT) wing issued a letter to the country's all commercial banks with an instruction to suspend transaction in the bank accounts of Robi until payment of its nearly Tk 350 million tax, reports the Financial express (FE).
