BGMEA urges govt to revise tax on sources
Terming some initiatives of the national budget for fiscal 2016-17 as encouraging for industrialization, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) today said the proposed 1.50 percent tax on source would hinder the goal of export earning envisaged by the government in line with vision-2021.
"Some initiative might pave the way of industrialization, but 1.50 percent tax on sources would directly create hindrance the evolvement of industrialization," said BGMEA President Md. Siddiqur Rahman in a media briefing that organized to pass their reaction on the proposed national budget, reports BSS.
Mentioning that 1.50 percent tax on source would increase 150 percent direct tax, he said "any wrong
Budget session begins today
The 11th session of the 10th Jatiya Sangsad (JS) will begin today at 5pm aimed at placing the country’s national budget for 2016-2017 Fiscal Year (FY)).
President Abdul Hamid summoned the parliament session exercising his power bestowed upon him by Article 72 (1) of the Constitution.
Finance Minister Abul Maal Abdul Muhith will place the national budget for 2016-17 FY on June 2.
Parliamentary Secretariat Sources said all preparations have already been taken ahead of the budget session.
The...
Finance Minister Abul Maal Abdul Muhith will place the national budget for 2016-17 FY on June 2.
Parliamentary Secretariat Sources said all preparations have already been taken ahead of the budget session.
The...
Intexpo begins in city
A two-day Indian textile exhibition titled ‘Intexpo Bangladesh 2016’ began in Dhaka today to tap the growing business potential especially that of man-made fibers (MMF) textiles.
The Synthetic and Rayon Textiles Export Promotion Council (SRTEPC) of India in association with the Indian High Commission in Dhaka is organizing the expo.
The expo is also backed by the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and India-Bangladesh Chamber of Commerce and Industry (IBCCI) are supporting the expo.
“India exported MMF textiles worth $ 134.05 million in 2010-11 fiscal which now stood at $
Int’l expo on bldg construction, woodworking begins
A three-day twin international tradeshows on building construction and woodworking industries titled ‘2nd Bangladesh Buildcon 2016’ and ‘JAT presents 2nd Bangladesh Wood 2016’ began today, May 26, 2016 in Dhaka.
Deputy High Commissioner, High Commission of India Dr. Adarsh Swaika inaugurated these two international events as the chief guest at the International Convention City, Bashundhara.
He said, “Bangladesh is developing in all sector as well as the real estate sector. This is a platform for all the stakeholders where everyone can get their advantages. Both Bangladeshi 
Bangladesh to invest in Bhutan’s hydropower
A trilateral cooperation among Bhutan, Bangladesh and India that will enable Bangladesh to invest in the Bhutanese power sector to re-import the electricity could soon be a reality.
A draft memorandum of understanding on the trilateral collaboration is being circulated among the three friendly countries.
Bangladesh’s foreign minister Abul Hassan Mahmood Ali, who was on a visit to the country last week, told Kuensel that his country will invest in the 1,125MW Dorjilung hydropower project in Lhuentse. He said India has agreed to Bangladesh’s proposal to invest in the project and provide transit for transmission of electricity from Bhutan.
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BD ranked 5th with people without net access: WB
With 148 million offline population, Bangladesh still has the world’s fifth largest number of people who are not connected to the internet, said a World Bank report.
India has the largest number of 1.003 billion people who are not connected to the internet, followed by China with 755 million offline population, Indonesia with 213 million and Pakistan with 165 million respectively, the report showed.
According to the report titled ‘World Development Report 2016: Digital Dividends’ launched in a city hotel on Monday, Bangladesh has one of the cheapest rates to make a phone call, but internet prices remain high, says news agency UNB.
However, the number of people having access to the internet has recently crossed 60 million in
