Bangladesh has an attractive economic sector for investment, US Ambassador Peter Haas said today.

Exporters of locally made ceramics will have to endure tough competition after Bangladesh graduates from the least developed country (LDC) status in 2026 as such products will face 12.7 per cent tariff on average when entering international markets, according to a recent study.

The British American Tobacco Bangladesh Company (BATBC) yesterday decided to invest another Tk 574 crore in its Savar operations to cater to upcoming export opportunities and create contingency capacity.

Hundreds of workers of Rupashi Garments blocked Dhaka-Narayanganj link road, demanding their due salaries.

A crucial auction for spectrum bands that can support both fourth-generation (4G) and 5G technologies is set to take place in Dhaka today as the government looks to alleviate the sufferings of users stemming from the slower mobile internet speed.

Automation has been substantially coming about in garment factories, with modern machinery being used to make high-end garments and increase productivity in attempts to become more competitive globally.

Meta, formerly known as the Facebook company, yesterday launched its global #SheMeansBusiness programme in Bangladesh to provide women entrepreneurs with the skills, connections and technology required to build and grow their businesses online.

Businesses in Bangladesh and Malaysia can benefit if they invest in each other’s countries as both have opened their doors to foreign firms, according to various experts.

A national committee set up to look into the occupational safety situation at industries across Bangladesh has so far inspected 5,200 factories, said Salman F Rahman, adviser to the prime minister on private industry and investment.

Flats in Bangladesh witnessed a fresh price increase as realtors are being forced to pass on the increased construction cost to customers arising out of soaring prices of steel, cement, bricks and other materials.

Bangladesh’s northern region has turned into a plastic recycling hub as many people in eight districts are now engaged in turning hazardous waste such as discarded PET bottles and disposable syringes back into resources for these products.

The Bangladesh Small and Cottage Industries Corporation (BSCIC) is scheduled to publish newspaper advertisements today, seeking applications from entrepreneurs to allot 500 plots lying vacant for years in its industrial estates.

The Bangladesh Investment Development Authority (Bida), the apex investment promotion agency of Bangladesh, has assumed the South Asia regional directorship at the World Association of Investment Promotion Agencies (WAIPA).

British Parliament Member Rushanara Ali today urged the Bangladesh government to ensure further advancement of a conducive business environment for the investors.

Oryx Bio-Tech Limited was struggling for quite some time to find a suitable plot near Dhaka for building a large manufacturing plant -- the first-ever plasma fractionation plant in Bangladesh.

Bangladesh’s investors have a good prospect in the growing infrastructure sector of Rwanda, one of the promising countries in Africa, said a business leader yesterday.

Tax Commissioner Md Iqbal Hossain and Additional Tax Commissioner Mohammad Mahmuduzzaman have been elected president and secretary general respectively of BCS Taxation Association for a two-year term.

The government is keen to open Ramgarh land port in Khagrachhari by 2023 in order to boost trade with north-eastern states of India, according to officials of the Bangladesh Land Port Authority (BLPA).

Bangladesh is now seeking more cotton from the US to diversify the destinations from where the country sources the natural fibre in this current world of intense competition.

The International Finance Corporation (IFC) has planned to invest $5 billion in diversified sectors in Bangladesh such as light engineering, economic zones, financial and capital markets, and growth-enabling sustainable infrastructure in the next five years.