Dhaka has decided to ink a deal with Beijing to build the Payra deep-sea port after it shelved the much-hyped Sonadia deep-sea port multi-billion project amid oppositions from major countries, including India, over Chinese involvement. The latest policy direction from the prime minister’s office would pacify China after they were left disgruntled when the government abruptly backtracked from signing a memo in July, last year, on the Sonadia port, a senior official in the PMO said, reports New Age. The shipping ministry has undertaken a move t...

The Labour candidate in Britain’s most marginal seat was last night accused of failing to tell voters that she met Vladimir Putin in Moscow two years ago when a controversial billion-dollar arms deal was signed. [caption id="attachment_14937" align="alignleft" width="300"] Labour candidate Tulip Siddiq (left) was last night accused of failing to tell voters that she met Vladimir Putin (right) in Moscow two years ago[/caption] Tulip Siddiq, a former aide to Ed Miliband, and who is standing for Labour in Hampstead, was at the Kremlin with her aunt, the...

The government has decided to offer a full-range incentive package for developers of private economic zones (EZs), including tax holiday facility for 10 years, tax exemption from dividend income, and income tax waiver on service charges. The incentive package has been approved at the latest board meeting of Bangladesh Economic Zone Authority (BEZA), chaired by Prime Minister Sheikh Hasina. The package also includes tax-benefit on payment of Value Added Tax (VAT), customs duty and income tax, reports the Financial Expr...

Russia will deliver 14 Yakovlev-130 aircraft to Bangladesh this year and two more next year, according to Oleg Demchenko, president of Irkut Corporation, which builds these twin-engine weaponized jet trainers. The contract with Bangladesh was signed last year and includes options for 10 more aircraft. The jets are being financed through a one-billion-dollar credit arranged by the Kremlin on the base of sovereign guarantees. Bangladesh is the third export customer for the Yak-130, which features a re-programmable flig...