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Salman leads business delegation to KSA

A ten-member business delegation, led by Salman F Rahman, former president of FBCCI and Vice Chairman of Beximco Group, will leave Dhaka for Saudi Arabia today (Friday) as part of Prime Minister Sheikh Hasina’s 5-day official visit to KSA (Kingdom of Saudi Arabia). The prime minister’s Saudi visit is considered very significant as Bangladesh holds huge potential to attract Saudi investment, a press release said. bd-ksaThe business delegation leader Salman F Rahman is also very optimistic to woo Saudi investment. “As Bangla...

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. BudgetFinance 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...

China, Bangladesh pledge to boost cooperation

China and Bangladesh on Sunday agreed to deepen bilateral cooperation during a meeting between visiting Chinese Defence Minister Chang Wanquan and Bangladeshi President Abdul Hamid. Bangladesh and China have long been working closely in various fields and the cooperation has yielded fruitful results, Xinhua news agency quoted the Bangladeshi president as saying. Bangladesh has always stood together with China on issues concerning China's core interests and international affairs. The country also firmly supports the China-proposed "Belt and Road" Initiative, said Hamid, adding Bangladesh is willing to have sincere collaboration with China as the two countries jointly promote regional prosperity and development. He expressed hope that the two armies

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 $

Workshop on expansion of banana fiber in Narsingdi

Bangladesh Women Chamber of Commerce and Industry (BWCCI) and BURO Bangladesh jointly organized a workshop for commercial expansion of banana fiber-based products on 29 May 2016 at Regional Cooperative Institute at Doghoria in Narsingdi district under the project ‘Socio-economic empowerment of women through promotion of natural fiber-based products from agricultural wastages’. BWCCI in partnership with BURO Bangladesh has been implementing the project to build capacity of 2000 women entrepreneurs for producing handicrafts from banana and pineapple fiber, thus to reduce poverty and empower women with the funding support from European Union and Ministry of Industries, Government of the People’s Republic of Bangladesh under its Bangladesh INSPIRED programme. Ms. Gulshan Nasrin Chowdhury...
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