Business articles


Deal signed to build Jhilmil housing project at Tk 8,000cr

Deal signed to build Jhilmil housing project at Tk 8,000cr

Business Desk The government is set to develop the much-talked Jhilmil residential park for Tk 8,000 crore under a public-private partnership arrangement, said the Rajdhani Unnayan Kartripakkha (Rajuk) in a statement yesterday. Under the scheme, 85 high-rise buildings will be constructed. Of them, 60 buildings will be 20-storied and the rest 25-storied. Located at Keraniganj,


Enhance connectivity for economic prosperity: Atiur

Business Desk Former governor of Bangladesh Bank Dr Atiur Rahman observed that political tension is the main obstacles to enhance connectivity within the region and sub-regions. He said importance of Asia as a hub of global economic growth has been increasing at an unprecedented pace over the last decade. Therefore, economic cooperation and connectivity within


Poultry industries provide 60 lakh employments

Business Desk Around 60 lakh people, of whom 40 percent women, are currently employed in the country’s poultry industry directly or indirectly. The investment in the industry is above Taka 30,000 crore while it contributed about 2 percent in the GDP (Gross Domestic Product), Bangladesh Poultry Industries Central Council (BPICC) President Mashiur Rahman told BSS.


FBCCI for business friendly e-commerce policy

Business Desk FBCCI held an institutional workshop on ‘E-commerce Opportunities and Challenges’ at FBCCI conference center in the city yesterday. AA The Federation of Bangladesh Chambers and Commerce and Industry (FBCCI) has emphasized on a ‘Business friendly E-commerce Policy’ tapping the huge potential of this sector. Leading business body of the country observed that e-commerce


Tax fair ends on a high note

Business Desk Thousands of taxpayers thronged to submit returns and collect the newly introduced ‘Income Tax ID Card’ from the weeklong tax fair that concluded yesterday. As of Day 6 of the fair, taxmen collected Tk 1,791.12 crore, up 4 percent from a year earlier. Some 2.69 lakh returns were submitted, which is an increase


FBCCI invites Chinese investment in textile

Business Desk FBCCI President Md Shafiul Islam (Mohiuddin) urged the visiting Chinese business people to invest in Bangladesh in the infrastructure development, equipment manufacturing, light industry, electronics and textiles sectors. The FBCCI Chief invited the Chinese Delegation for investment at discussion between the FBCCI leaders and the visiting Chinese Delegation from Jilin Province held at


Artificial method to boost Hilsha stock

Business Desk Bangladesh Fisheries Research Institute (BFRI) has been carrying out intensive research to cultivate Hilsha in the hatchery by producing larvae from the eggs using artificial methods in a bid to increase the production of the national delicious fish. BFRI in association with WorldFish, a Malaysia-based research organisation, has been conducting the research, said


Graft deters foreign investment

Business Desk Corruption, cumbersome customs procedures and poor sanitary and phytosanitary standards are major barriers to attracting foreign direct investment to the country, said the US ambassador to Bangladesh yesterday. “Fewer problems, no corruption and quicker electricity and gas connections are Bangladesh’s selling points to foreign investors,” said Marcia Bernicat. She said other factors acting