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.

Revenue collection in Bangladesh grew at a decent pace of 15 per cent in the first five months of the current fiscal year as business activities turned around from the slowdown caused by the coronavirus pandemic. 

Bangladesh Federal Union of Journalists yesterday called for restoring discipline in newspaper industry along with considering the demand of Newspaper Owners’ Association (NOAB) for providing incentive to newspapers.

Social dialogues need to be launched in various industries to empower women and strengthen the country’s trade unions, speakers said at a discussion yesterday.

The VAT Intelligence has sued Nahid Enterprise for evading value-added tax of Tk 275 crore between July 2016 and May 2021.

Bangladesh should reassess the protection granted to the domestic industries in order to help them grow up and accelerate the growth of non-garment export sectors, said experts. 

The United Nations declared the Convention on the Rights of the Child in 1989. But 15 years before the international treaty, Bangabandhu Sheikh Mujibur Rahman enacted the Child Rights Act in 1974 to protect children and ensure their rights.

Foreign Minister AK Abdul Momen yesterday urged foreign entrepreneurs to invest more in Bangladesh considering the increased competition amid the fourth industrial revolution.

Bangladesh now has a fleet of 80 oceangoing vessels, a record high since the country’s independence.

Sajeeb Ahmed Wazed, the prime minister’s ICT affairs adviser, will inaugurate 5G services on December 12.

The tax rates will come down if more people are brought under the tax net and if the government reduces the tax rate, people will be less inclined towards evading tax, speakers told a seminar yesterday.

Parag Agrawal, who took over Monday as the new head of Twitter, shot from relative obscurity as the platform’s technology expert to becoming the latest India-born talent to lead a US tech giant.

Dubai-based multinational logistics company DP World will invest $1 billion in Bangladesh’s supply chain infrastructure, including ports, rail network and inland container terminals.

The National Board of Revenue (NBR) yesterday extended the deadline for income tax return submission by a month.

The Infrastructure Development Company Limited (IDCOL) will finance rooftop solar projects that will generate about 300 megawatts of peak electricity by 2024.

Bangladesh has a favourable business environment for Turkish investors thanks to its congenial policy making and regulatory regimes, according to a 14-member delegation of the Turkey-Bangladesh Business Council.

A comprehensive national logistics development policy is needed to enhance the local transport system and facilitate foreign investment, according to speakers at the International Investment Summit 2021.