4 barriers to export disaster
4 barriers to export disaster

Despite the potential for growth in sectors beyond ready-made garments (RMG), many industries remain underdeveloped. Analysts cite policy challenges, funding constraints, lack of infrastructure, and the weak bargaining power of non-garment exporters as key obstacles. As a result, ready-made...

IEEFA: PDB could save US$1.2 billion annually with power sector reforms
IEEFA: PDB could save US$1.2 billion annually with power sector reforms

The Power Development Board (PDB) could save Bangladesh Tk 138 billion (US$1.2 billion) in annual losses, currently covered by government subsidies, by implementing reforms in the countrys electricity sector, according to a new report from the Institute for Energy Economics and Financial Analysis...

ADB commits $24.3 million for solar power plant in Mymensingh
ADB commits $24.3 million for solar power plant in Mymensingh

The Asian Development Bank (ADB) has signed a financing package worth $24.3 million with Muktagacha Solartech Energy Limited (MSEL) to establish a grid-connected solar photovoltaic power plant in Mymensingh. As the sole mandated lead arranger, the Manila-based financial institution took charge...

Ex-MP Shambhu on 6-day remand
Ex-MP Shambhu on 6-day remand

A Dhaka court on Tuesday placed former Barguna-1 lawmaker Dhirendra Debnath Shambhu on a six-day remand in a case lodged over the murder of trader Abdul Wadud, reports BSS. Dhaka Metropolitan Magistrate Sharifur Rahman passed the order as police produced Shambhu before the court and pleaded to...

DBA appreciates govt’s decision to cut capital gains tax rates
DBA appreciates govt’s decision to cut capital gains tax rates

Dhaka Stock Exchange Brokers Association of Bangladesh (DBA) has thanked the government and finance adviser Dr Salehuddin Ahmed for tax exemption on capital gains in the stock market. DBA president Saiful Islam on Monday expressed gratitude to the finance adviser for such a time-befitting...

Tax exemption for renewables: PDB to set more solar power plants
Tax exemption for renewables: PDB to set more solar power plants

Not only 10 projects, now the Power Division is contemplating to set up many more solar power plants as it received the NBRs notification for reinstating the tax exemption on such private investment, reports UNB. Power Division officials said it is now certain the number of solar projects is...

DB to launch stronger crackdown on counterfeit stamp and currency syndicates
DB to launch stronger crackdown on counterfeit stamp and currency syndicates

The Detective Branch (DB) of Bangladesh Police has reaffirmed its commitment to dismantling a widespread counterfeit stamp and currency syndicates operating across the country, reports UNB. DB Joint Commissioner Talebur Rahman announced at a briefing at the Dhaka Metropolitan Police (DMP)...

Youth arrested for faking recordings between president and adviser
Youth arrested for faking recordings between president and adviser

The Detective Branch (DB) of Dhaka Metropolitan Police (DMP) detained a youth on Monday on charges of doctoring voice recordings of a fake conversation between President Mohammed Shahabuddin and interim government Adviser M Sakhawat Hossain and publicising it on YouTube, reports The Business...

DB arrests Sheikh family scion Moin Abdullah
DB arrests Sheikh family scion Moin Abdullah

Police on early Saturday arrested Moin Abdullah, son of former lawmaker Abul Hasnat Abdullah, from citys Gulshan area, reports BSS. A team of Detective Branch (DB) of police rounded up Moin from Gulshan-2 area around 3.30am. Deputy Commissioner (DC) of media and public relations of DB...

Ex-state minister Zakir placed on 3-day remand
Ex-state minister Zakir placed on 3-day remand

A Dhaka court on Friday placed former state minister for primary and mass education Zakir Hossain on three-day remand in a case lodged over the murder of electrician Shamim Hawlader in the Dhakas Mohammadpur area. Dhaka Metropolitan Magistrate Nazmin Akter passed the order as police produced the...

Bank accounts of ex-DB chief Harun, family members frozen
Bank accounts of ex-DB chief Harun, family members frozen

The Central Intelligence Cell (CIC) of the National Board of Revenue (NBR) has frozen all accounts held by ex-chief of the Detective Branch of police Harun ur Rashid and his family members at banks and Non-Banking Financial Institutions (NBFI), reports UNB. A letter in this regard has been given...