An 11-member technical mission of the World Bank reached Chattogram port today to discuss various aspects of proposed Bay Terminal, a mega project taken to enable the port accommodate larger ships.

The current rates of VAT and other taxes are a major obstacle to developing the country’s tourism industry, a parliamentary body said yesterday.

Big Dipper Textile Mills, which is owned by a Canada-China enterprise, will invest $91.15 million in the Ishwardi Export Processing Zone (IEPZ) to set up a textile factory. 

Chattogram port has advanced three steps in a year to become world’s 64th busiest port in terms of annual throughput of containers in 2021.

Cement makers are passing tough times amidst a decline in demand from public construction in tune with the government’s austerity measures and sluggish private initiatives on building homes and other facilities for inflation.

A move by the National Board of Revenue asking for sharing the user identification and password of companies’ accounting software has created concerns among businesses, which said such a measure would give negative signals about the business climate in Bangladesh and discourage investors. 

The Mongla Port made a new record on August 7 when a Malaysian ship— MV Malaysia Star—reached the port in Bagerhat with 1,280 reconditioned cars from Japan in a single consignment.

The National Advisory Board (NAB), a committee that guides impact investment in Bangladesh, has unveiled a strategic action plan to attract local and global investment, particularly from the private sector, to help fund sustainable development in the country.

Revenue collection grew 15.51 per cent year-on-year to Tk 300,179 crore in the just-concluded fiscal year of 2021-22, according to the provisional data of the National Board of Revenue (NBR).

The government is finally moving ahead with a project to roll out fifth-generation (5G) mobile internet services through state-run network provider Teletalk, according to officials of the planning ministry.

The Chattogram Port Authority (CPA) is very confident about the port facilities being compliant with international regulations ahead of a scheduled annual visit by the US Coast Guard this week despite its ongoing struggle to handle a number of abandoned import containers with dangerous cargo.

Turkey’s tourism revenues nearly tripled in the second quarter while first-half foreign visitor numbers surged close to 2019 levels, data showed on Friday, recovering from a coronavirus-driven slump and bringing in badly-needed foreign currency.

Garment makers yesterday sent their first export consignment from  Mongla Port directly to their export destinations -- a significant development for the country’s apparel shipment.

ICT Division has won the “Bangabandhu Public Administration Award-2022” in recognition of its contribution to combat Covid-19 with its digital vaccine management system Surokkha.

Bangladesh Parjatan Corporation (BPC) is going to start a special bus service for tourists who want to see Padma Bridge.

Industrial unit owners of different sectors have demanded that the government provide them immunity from blackouts or load shedding 

Chattogram Customs Bond Commissionerate has suspended the general bond licence of Z&Z Intimates which has recently been accused by customs intelligence of getting an imported Rolls-Royce worth Tk 27 crore released bypassing assessments.  

Foreign investors will be increasingly interested in considering Bangladesh as a better place for investment, with the Padma Bridge expanding connectivity both within the country and beyond and improving supply chains, said the Nordic Chamber of Commerce and Industry (NCCI) in Bangladesh. 

At long last a new container terminal is going to be added to the Chattogram port as the authority is going to start trial operation of a newly built Patenga Container Terminal (PCT) this week.   

The telecom regulator has recently directed International Internet Gateway (IIG) service providers to disconnect bandwidth connections of 286 internet service providers (ISP) for not converting their licences in accordance with guidelines.