Two IT entrepreneurs and four enterprises have been honoured with The Daily Star ICT Awards 2021 for their pioneering roles and achievements in Bangladesh’s information and communication technology (ICT) sector.

Local garment shipments have continued to attain an impressive recovery, largely driven by volume, as the price hike rate has been very low with normalcy restoration in the global supply chain from the pandemic’s severe fallout.

Tung Hai Knitting & Dyeing Ltd was listed on the stock market of Bangladesh in 2014 as it raised Tk 35 crore. But the knitting manufacturer became a sick company within three years, raising questions about its intention of going public.

Export-oriented leather, footwear and tannery operators can now import the raw materials required by multiple production units based on a single bonded warehouse licence, according to a recent notification from the National Board of Revenue (NBR).

With many export-oriented firms facing losses for cancellation of export orders by buyers or other factors and sit with stock of raw materials, the National Board of Revenue (NBR) has relaxed rules regarding holding period of raw materials imported duty-free by firms under bonded warehouse licence.

Malek Spinning has decided to shut the RMG unit of its subsidiary Salek Textile Mills due to continuous losses and low demand for its products.

The Bangladesh Small and Cottage Industries Corporation is looking to turn 214 acres of Madhupur Sal Forest into an industrial park.

Real estate developers are concerned about the increasing cost of building materials as well as the proposed Detailed Area Plan (DAP), which will guide future constructions in Dhaka city, according to the Real Estate and Housing Association of Bangladesh (REHAB).

A Japanese former politician who campaigned to bring billions of dollars of investment from some of Japans top companies to Myanmar has urged Japan to endorse its military regime, saying the nation’s coup leader has  “grown fantastically as a human being,” while praising his  “democratisation efforts.”

Four local companies bagged awards in as many categories at the Asia Pacific ICT Alliance (APICTA) Awards 2020-21, Bangladesh Association of Software and Information Services (BASIS) said yesterday.

Bangladesh has bagged four prizes in different categories in the Asia Pacific ICT Alliance (APICTA) Awards 2020-21.

The sustainable trading system and buyers-suppliers relationship are crucial to perform better in the “new normal” situation induced by the Covid-19 pandemic, said Faruque Hassan, president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA).

Picard Bangladesh Ltd, a leather goods and footwear manufacturer, today signed a memorandum of understanding (MoU) with Apon Wellbeing Ltd to ensure the better health and wellbeing of its workforce.

UCB Investment has managed to raise funds for three banks by issuing perpetual bonds.

The ongoing Covid-19 pandemic has shed light on the potential of investing in the production and export of medical personal protective equipment (MPPE), analysts said at a webinar today.

General Motors is considering investing more than $4 billion in two Michigan plants to boost its electric vehicle production capacity, according to sources and documents made public on Friday.

The current financial year’s first three months recorded 46 per cent higher investment proposals, both domestic and foreign, year-on-year in spite of the pandemic, said Bangladesh Investment Development Authority (Bida) yesterday.

The current financial year’s first three months recorded 46 per cent higher investment proposals, both domestic and foreign, year-on-year in spite of the pandemic, said Bangladesh Investment Development Authority (Bida) today.

The National Board of Revenue yesterday awarded nine firms for paying the highest amounts in value-added tax in the 2019-20 fiscal year.

Businesspeople yesterday said the government should formulate a new income tax law with the objective to iron out all trust issues between taxpayers and taxmen.