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What is driving Chittagong’s real estate boom?

Like most other businesses in Bangladesh, the real estate industry has revolved around Dhaka for many years. After Dhaka, only one other city is doing well in this sector and that is the port city Chittagong. Leading property portal Lamudi Bangladesh takes a closer look at what is driving growth in the city’s real estate market. cox'a bazarManaging Director and Co-founder of Lamudi.com.bd, Rajesh Grover, said: “Lamudi currently has over 42,00 listings and 80 real estate developers from Chittagong listed on our website. This is a clear indication of...

As imports by China drop, CCI eyes Bangladesh buyers

With China importing lesser cotton from India, the Cotton Corporation of India (CCI) has decided to scale up its exports to Bangladesh. “CCI has started issuing advertisements inviting global parties to cottondirectly get registered with the agency for purchase of cotton for the Bangladesh market. A separate tender will be floated after the registration process is completed,” CCI CMD BK Mishra said. The agency had earlier put on hold its plan for a global tender for cotton sale. Bangladesh buys around 55-60 lakh bales from India. CCI chose Banglad...

New tax exemption ceiling may increase by 14pc

After keeping the threshold for tax-free income stable for two consecutive years, the government on 2015-2016 fiscal year plans to increase the tax ceiling.The new tax exemption ceiling may be set about 14% higher at Tk 250,000 for fiscal Tax-450x2992015-16, said a finance ministry official. At present, individuals’ incomes up to Tk 220,000 get the immunity. “We are considering placing the proposal in parliament in view of the new pay scale for government employees and the rising costs of living due to inflation,” the ...

Tata Motors unveils Prima range in Bangladesh

Auto major Tata Motors today said it has launched its Prima range of heavy commercial vehicles (CVs) in Bangladesh. The company, in partnership with Bangladesh-based Nitol Motors, has rolled out models under the Prima brand catering to tipper and cargo segments. tata prima“The launch of the PRIMA range in Bangladesh is an important milestone in Tata Motors’ continued expansion in the Bangladesh market and the SAARC region,” Tata Motors Executive Director, Commercial Vehicles Business Unit, Ravi Pisharody said in a statement. As a ma...

Dhaka the ‘2nd worst liveable city’

The Economist Intelligence Unit (EIU) has published the list of 10 worst liveable cities in the world with Dhaka, the capital of Bangladesh, in the second top of the chart. DhakaThe EIU’s “liveability” study looks at how “tolerable” a city is to live in given its crime levels, threat of conflict, quality of medical care, levels of censorship, temperature, schools and transport links. According to the latest chart, Dhaka is followed by Port Moresby, Papua New Guinea; Lagos, Nigeria; Harare, Zimbabwe; Algiers, Algeria; Karachi, Pakistan; Tripoli,...

BB Governor at ICAB seminar in city

Bangladesh Bank (BB) Governor Dr. Atiur Rahman as Chief Guest spoke at a seminar on 'Anti-Money Laundering and Counter-Terrorist Financing Measurers of Financial and DNFBP Sectors: Bangladesh Perspective' organized by the Institute of Chartered Members Conference picture 20-5-15Accountants of Bangladesh (ICAB) at CA Bhaban on Wednesday, 20 May 2015. The Governor applauded the role of CAs and said that Chartered Accountants are the Gatekeepers in accounting profession of the country. DG, A...
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