Business

Trading Corporation of Bangladesh (TCB) will purchase 11 million litres of soybean oil spending Tk 143.18 crore from an Indian company. The Cabinet Committee on Government Purchase on Wednesday approved procurement of 11 million litres of soybean oil according to the internationally approved open tender system at its 39th meeting held with Finance Minister AHM Mustafa Kamal in the chair. ...

The Federation of Bangladesh Chamber of Commerce and Industry (FBCCI), the apex organization of businessmen, has requested the National Board of Revenue (NBR) to extend the deadline for submission of income tax returns. The federation in a letter to the NBR Chairman said that due to the late publication of income tax circulars in line with the new Income Tax ...

The Dhaka Taxes Bar Association has urged the National Board of Revenue (NBR) to extend the deadline for submission of income tax returns for individual taxpayers for the current financial year 2023-2024. The DTBA on November 10 sent a letter signed by its general secretary Md Towhid Uzzaman Khan Dipu to the NBR, seeking two more months for the submission ...

The innovative new technology tracks each customer as they enter the trial store, and sensors on each shelf monitor when any item is picked up and placed straight into a basket or even the shopper’s bag. Then when they are ready to pay they only need approach a new scan-free checkout and it immediately calculates their shopping and enables them ...

A Chinese company is going to invest USD 28.20 million to set up a Dyed Textile Yarn manufacturing industry in Uttara EPZ. In this regard, Bangladesh Export Processing Zones Authority (BEPZA) and Chinese company M/s. United Spinning and Dyeing Ltd signed an agreement at BEPZA Complex in the capital on Monday, says a press release. Ali Reza Mazid, member (Investment ...

US-Bangla Airlines, the largest private carrier in terms of fleet size, will operate its Dhaka-Bangkok-Dhaka flight daily from December 1 from existing five-weekly flight. In response to heightened passenger demand the US-Bangla airlines has decided to increase its flight frequency on Dhaka-Bangkok-Dhaka route. On every Sunday, Tuesday, and Thursday from December 1 the flight will depart from Dhaka at 11:45am ...

The gold price hit a record high of Tk 1,06,376 a bhari (11.664 grams) on the local market as Bangladesh Jeweller’s Association (Bajus) has decided to increase the price of gold Tk 1,750 per bhori. Earlier, the price was Tk 104,626 per bhori (11.664 grams). Bajus has issued a press release on Saturday in this regard. As per the new ...

The level of trade and investments in the Asia-Pacific Region has not yet recovered after the coronavirus pandemic, Russian Deputy Foreign Minister Alexander Pankin told TASS. “The free trade is out of question now, including this region that is generating about a half of the world’s trade and 40% of GDP. Trade and investments did not recover in the region ...

Biman Bangladesh Airlines has decided to spread its wings to south Indian city Chennai from December 16, especially to facilitate Bangladeshi medical service seekers. “It’s a much demanded route for Bangladeshi nationals to India and we have decided to operate three weekly flights on Dhaka-Chennai-Dhaka route,” said Biman Managing Director and Chief Executive Officer (CEO) Shafiul Azim, reports BSS. The ...

US electric car maker Tesla Inc is planning to double the number of components it imports from India, Indian trade minister Piyush Goyal said on Tuesday through a post on social media platform X. “Proud to see the growing importance of Auto component suppliers from India in the Tesla EV supply chain. It is on its way to double its ...