by Naim-Ul-Karim    DHAKA, Oct. 22 (Xinhua) — Bangladesh’s tax collection body, the National Board of Revenue (NBR), has reduced the source tax on export proceeds for all sectors from 1.0 percent to 0.25 percent to boost mainly ready-made garment (RMG) export competitiveness.    A senior NBR official told Xinhua Tuesday that the tax collection […]

Bangladesh has been transformed to a manufacturer country of technology product and services, Foreign Minister Abul Momen said and called upon the youths to utilise innovations for economic growth. Addressing opening session of a technology exposition on Monday, Minister Momen also appreciated the activities of hi-tech parks for providing platform for local and international firm […]

JERA Co., Inc. (“JERA”) has agreed to acquire 22% of the outstanding shares of Summit Power International Limited (“Summit Power”), a power generation company in Bangladesh. Summit Power is a power generation company affiliated with the Summit Group, a major conglomerate in Bangladesh. The largest independent power producer in the country, it owns and operates […]

Bangladesh has progressed significantly in reducing poverty and improving living conditions, mostly driven by labor income. Between 2010-2016, about 8 million Bangladeshi exited poverty. The report, Bangladesh Poverty Assessment, launched today, shows that robust economic growth continued driving poverty reduction, but at a slower rate. Since 2010, while the pace of economic growth increased, the […]

Global premier mobile phone brand TECNO Mobile (www.TECNO-mobile.com) lately launched new smartphones CAMON 12 Air with upgraded camera to unlock a new image era. As one of the most remarkable camera devices, TECNO CAMON 12 Air is coming with the initiative Dot-in Display and 16MP+2MP+5MP AI Max Triple Camera for its outstanding shooting performances. TECNO […]

Bangladesh’s anti-crime elite force Rapid Action Battalion (RAB) early on Sunday arrested Ismail Hossain Samrat, the alleged kingpins of casino business in the country, reports Xinhua.   Bangladeshi Home Minister Assaduzzaman Khan made the announcement saying Samrat was apprehended along with his associate Enamul Hoque Arman in Cumilla district, 96 km east of capital Dhaka, in […]

Bangladesh’s Eastern Bank Limited (EBL) opened its first representative office on the Chinese mainland in Guangzhou on Sunday, reports Xinhua.    Guangzhou is a city of great economic vitality and home to the China Import and Export Fair, said Ali Reza Iftekhar, EBL’s managing director.    Bangladesh has seen frequent economic and trade exchanges with […]