Starlink live internet connectivity show April 9
Starlink, the US telecom giant will provide live internet connectivity for a demonstration at Bangladesh Investment Summit on 9 April.
Bangladesh Investment Development Authority (Bida) Executive Chairman Chowdhury Ashik Mahmud Bin Harun announced during a press conference at Bangladesh Foreign Service Academy on Sunday.
The media briefing was arranged ahead of the "Bangladesh Investment Summit" scheduled to be held from 7-10 April at Hotel InterContinental Dhaka.
BIDA streamlines customs with AEO status for 10 cos
The Bangladesh Investment Development Authority (BIDA) on Sunday granted Authorised Economic Operator (AEO) status to ten business entities, aiming to facilitate trade by streamlining customs procedures.
Similar to the "Green Channel" system at airports, AEO status enables companies to bypass certain customs checks, expediting the clearance of goods at ports. This is expected to reduce production and export lead times while alleviating congestion at ports.
Footwear sector expands, but challenges persist
Bangladesh’s footwear sector is set for substantial expansion, presenting lucrative investment opportunities in both leather and non-leather segments. The Bangladesh Investment Development Authority (BIDA) highlighted this potential in a recent newsletter while also acknowledging the challenges that must be addressed to sustain growth and enhance competitiveness.
Shah Mohammad Mahboob, an executive member of BIDA, underscored the industry's vast pot...