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BIDA

US market key to easing energy supply shortage: BIDA chief

Executive Chairman of the Bangladesh Investment Development Authority (BIDA), Chowdhury Ashik Mahmud Bin Harun, on Sunday said Bangladesh would be able to overcome the energy supply shortage if it could properly tap the American market in addition to Gulf nations, which will also help Bangladesh address the trade imbalance with the United States. “Since February this year, we have been in discussions with the US on how the trade imbalance can be reduced. A big topic to reduce trade imbalance is LNG,” he said while responding to a question on smooth energy supply to the industrial sector. Chief Adviser’s Press Secretary Shafiqul Alam, Deputy Press Secretaries Apurba Jahangir and Abul Kalam Azad Majumder were also pr...

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...

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