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Bangladesh

Bangladesh court orders 231 unauthorized factories closed to save polluted river running through Dhaka

DHAKA – Bangladesh’s High Court has asked authorities to shut down 231 factories surrounding the highly polluted main river in the nation’s capital, lawyers and activists said Tuesday. Manzil Murshid, who filed a petition with the court seeking its intervention, said the factories are mainly small dyeing, tanning and rubber plants operating without approval from the Department of Environment. Such ... Read More »

BANGLADESH PORTS EXPLORE LINK TO INDIA

India and neighbour Bangladesh have signed an MOU for goods for North East India transit via Bangladesh’s ports – a small but significant opening up of both Bangladesh’s ports and the broader economic relationship between the two countries. “The Leaders welcomed the conclusion of Standard Operating Procedures (SOP) for the use of Chattogram and Mongla ports for movement of goods ... Read More »

Global med-tech majors seek custom duty cut to prevent smuggling of medical devices

Medical Technology Association of India (MTaI), an industry group that represents global medical technology majors, has sought to reduce the difference between the custom duties on high tech medical equipment levied by India and neighbouring countries to avoid possibility of smuggling of low volume, high value devices into the country. The association said India’s high customs duties have not only ... Read More »

Marico slides after Q3 business udpate

Marico fell 2.43% to Rs 337.45 after the company on Thursday issued business performance update for the quarter ended 31 December 2019. Marico said that overall consumption trends during the quarter belied expectations of the beginning of a revival in sentiment which were built on the back of good monsoons and announcement of various government measures. Category growths across personal ... Read More »

Bangladesh- Dhaka to see six new upscale international hotels

Dhaka:Bangladesh capital, Dhaka is set to welcome half a dozen new upscale international hotel chains over the next couple of years, brought about by the growing influx of business travellers to Bangladesh. Bengal Group of Industries, is constructing a 370-room hotel in the capital’s Niketan area for about BDT 600 crore. The property will be managed by Swiss hotel chain ... Read More »

2nd Bangladesh bank to issue China’s UnionPay cards

Bangladesh Eastern Bank Limted (EBL) has become the second commercial bank in Bangladesh to issue China’s UnionPay card. A ceremony to launch the UnionPay credit card was held here on Sunday night in presence of local and foreign guests including Chinese Ambassador to Bangladesh Li Jiming. UnionPay QuickPass Credit Card is a contactless payment product that enables cardholders to make ... Read More »

Bangladeshis and Nepalis shop on Indian e-commerce sites via friends

A desi jugaad is helping India’s e-commerce boom cross over to neighbouring countries. People in Bangladesh and Nepal are shopping on Indian e-commerce websites and leveraging migrant workers to get deliveries of their orders, according to a new World Bank paper. “In many cases, networks of families and friends browse Indian websites and instruct a member of their social circle ... Read More »

Bangladesh : Kuakata’s Holiday Homes: Promising ideal investment

Dhaka: US-Bangla Assets of US-Bangla Group starts the sale of their latest project Holiday Homes at Kuakata sea beach. Plot sales for resorts and hotels are taking place at this moment. Considered as ‘daughter of the sea’, Kuakata contains an 18 km long and relatively wide sea beach. In winter, it shelters migrant birds. The mangrove forest Sundarbans lies in ... Read More »

Envoys for facilitating more EU import to Bangladesh

Head of missions of European Union (EU) countries in Dhaka has suggested Bangladesh to take some necessary steps, including improvement of customs tariffs and procedures, to facilitate more EU import from Bangladesh. Improvement in customs tariffs and customs procedures will help Bangladesh in creating a positive investment climate which in turn would contribute to ensuring sustainable economic growth, they said. ... Read More »

Bangladesh a promising destination for FDI

Bangladesh is one of the promising economies with a large domestic market, labour at competitive prices, low utility charges, seaports, long-term tax holiday and easy access to largest regional market like India and China, SAFA President PVS Jagan Mohan Rao said yesterday. The certified management accountant and the leader of the South Asian Federation of Accountants (SAFA) made the comment ... Read More »

Bangladesh Telecoms, Mobile and Broadband Statistics and Analyses Report 2019

The “Bangladesh – Telecoms, Mobile and Broadband – Statistics and Analyses” report has been added to ResearchAndMarkets.com’s offering. Bangladesh ranks among the most densely populated countries on the globe, but its fixed-line penetration remains the lowest in South Asia. The fixed line market in Bangladesh remains highly underdeveloped due to the dominance of the mobile segment. Further, the number of ... Read More »

Bata to keep expanding in Bangladesh

Thanks to steady economic development and higher incomes of people, Bangladesh has turned into a lucrative market for multinational retail companies, said Rajeev Gopalakrishnan, president of the Asia-Pacific region of Bata. “Many global companies that manufacture high-end shoes, sports items, garments and food items are opening their retail outlets in Bangladesh targeting the rising young customers,” he said. Gopalakrishnan was ... Read More »

Benapole Customs gold theft: Inspector, 4 others suspended

The Special Branch (SB) of Police has temporarily suspended a customs inspector and a sentry over the theft of 19kg of gold from the Benapole Customs House vault. The suspension order was issued around 11pm on Monday. At the same time, three personal assistants at the Customs house have also been detained. The suspended are- Inspector Sahibul Sardar and Sipahi ... Read More »

Inheritance rights of women and Shariah law: the case of Bangladesh

The legal system of Bangladesh has evolved from a combination of indigenous, Moghul and English legal practices. 89% of Bangladesh’s population are Muslim. In protecting the rights of Muslim women in Bangladesh, the country follows nonreligious secular legal practices, embodied in general laws such as the penal code of 1860 and the civil and criminal procedure codes of 1908 and ... Read More »

NBR aims to cut export-import process completion time to 1-2 days in 3yrs

The National Board of Revenue has set a target of reducing the time for completing import procedures to two days and that for export procedures to one day by 2022. On average, releasing imported goods currently takes eight days while it takes five days for completing export procedures at ports. The revenue board has set the target under the National ... Read More »

1,500 tons of onions start entering Bangladesh from India

A consignment of around 1,500 tons of onion loaded in 60 trucks has started entering Bangladesh from India. The onion-laden trucks began to enter Bangladesh around 12:30pm on Friday, confirmed Secretary of Indian Hili Exporters and Customs Clearing Agent Association, Sanjit Kumar Majumder. On September 29, the Indian government banned the export of onion with immediate effect till further order ... Read More »

Chittagong bars Cosco ships due to customs license issue

The Chittagong Customs House has suspended the license of Continental Traders, the local agent of COSCO Shipping, a move that could cause significant disruptions to the Chinese state-run container carrier’s operations in Bangladesh. Read More »

‘Customs won’t release casino equipment’

The Ministry of Commerce will examine all documents relating to import of casino equipment through eight consignments in the last couple of years, a top trade official at the ministry says. The ministry has also initiated a review process on the current Import Policy Order (IPO) 2015-2018 that allows import of casino equipment. The ministry held a discussion yesterday to ... Read More »

No response from Facebook, Google, YouTube

The government has failed to bring Facebook, Google, YouTube and other digital platforms under its tax network three months after the new VAT law came into effect. The new VAT law, which took effect on July 1, made it mandatory for the tech giants to either set up offices in Bangladesh or appoint agents such that the government can collect ... Read More »

US to continue supporting Bangladesh in tackling money laundering

US Ambassador Earl Miller today said his country is committed to supporting Bangladesh in its efforts to tackle money laundering, terrorism financing, and strengthening the rule of law. “We share a common goal of preventing terrorism by identifying and choking off financial support for terrorists and their organisations,” he said while inaugurating a workshop titled ‘Investigating and Prosecuting Financial Crimes’ ... Read More »