NBR selects 50 for coveted ‘Tax Card’
The National Board of Revenue (NBR) has preliminarily selected 50 names for the prestigious ‘Tax Card’ for 2012-13 and 2013-14 fiscal years.
Of the 50, according to sources at the NBR, 40 names will finally be selected for the Tax Card to honour top taxpayers in different sectors, including the service and manufacturing one, for their contributions to the national exchequer, reports UNB.
“This will support and help them reduce hassles in tax filing. The Tax Card is also aimed at encouraging other taxpayers to regularly and properly pay taxes,” an NBR official told UNB.
Footwear industry is making tracks
Blue Ocean Footwear’s four-story factory, designed by noted Bangladeshi architect Bashirul Haq, an expert on building safety standards, is located close to Apex’s factory site in Gazipur. It has 4,000 people producing close to 2 million pairs of women’s shoes annually for customers like Esprit and Germany’s Tamaris. The workers are supervised by a team of 65 Chinese technicians who stay on the factory campus but don’t speak either English or Bengali.
Instead, Bangladeshi workers are being taught basic Chinese, says Sam Yu, Blue Ocean’s managing di...
Instead, Bangladeshi workers are being taught basic Chinese, says Sam Yu, Blue Ocean’s managing di...
Bangladesh, China sign MoUs for modernizing jute mills
Jute mills in Bangladesh are expected to get modernized as the country has signed three memorandum of understandings (MoUs) to receive technical assistance from China, BSS reported.
As per the MoUs, all the 26 old jute mills under the Bangladesh Jute Mills Corporation (BJMC) will be surveyed with the grant to be provided by the Government of China.
Subsequently, the China TextMatek Company (CTMC) will undertake Balancing, Modernization, Rehabilitation and Expansion (BMRE) work at these jute mills.
In addition, th...
Subsequently, the China TextMatek Company (CTMC) will undertake Balancing, Modernization, Rehabilitation and Expansion (BMRE) work at these jute mills.
In addition, th...
BB asks scheduled banks to disburse jute loan
The central bank has started the process of disbursing loan for jute millers and traders from its refinance fund to help them purchase raw jute. The bank has already directed about two dozens of scheduled banks to start disbursement of the loan.
Bangladesh Bank set up a Tk 200 crore refinance fund last year to help jute growers to have fair prices and jute millers and traders in purchasing required amount of raw jute during the season to run their mills and business, reports the Financial Express.
A recent meeting of Bangladesh Bank took the decision to disburse the loan among the state-owned jute mills, private jute mills and raw jute traders. The BB also issued a circular to managing directors and chief executive officers of all scheduled banks saying that the board of directors...
Exclusive economic zone for Japanese investors
Bangladesh has decided to set up an economic zone exclusively for the entrepreneurs of Japan, the world’s third largest economic power.
“We have a plan to set up eight new economic zones across the country. We may allow the zone at Mirsarai in Chittagong for Japanese investors,” said Commerce Minister Tofail Ahmed yesterday.
“The decision to allow a separate economic zone for the Japanese investors has already been made,” Tofail told reporters after a meeting with Norihiko Inshiguro, vice-minister of economy, trade and industry of Japan, at the Secretariat, Daily Star reports.
“We may finalise the allocation of the economic zone during the visit of Japanese Prime Minister Shinzo Abe next month,” he said, adding that the government had acquired 8,000 acres of land in Mirsarai.
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Bangladesh first Asian affiliate of Bitcoin Foundation
As emerging markets move towards digital currency ecosystems, Bangladesh has emerged as the first adapter of these changes by becoming the first affiliate from Asia for Bitcoin Foundation.
The Bitcoin Foundation has been interacting with economies worldwide, urging users to tread the digital currency route. In just under eight months, the Foundation has worked incessantly, bringing international users to the cryptocurrency space.
At last count, the countries on its affiliate list included Mexico, Denmark, Canada, Netherlands as well ...
At last count, the countries on its affiliate list included Mexico, Denmark, Canada, Netherlands as well ...
