Bad weather blights mango output prospect

Mango farmers in various parts of the country are concerned by the large number of green mangoes that have been torn from the trees by the recent nor'westers and hailstorms. The unfavourable weather follows the earlier attack by leaf hoppers which had caused many green mangoes to fall before ripening properly. Mango farmers told New Age that the dropping of green mangos from the trees would reduce production, particularly in the mango growing districts like Chapainawabganj,...

MCCI suggests thorough reform of capital market

The Metropolitan Chamber of Commerce and Industry has proposed six remedial measures for restoring stability in the capital market and ensuring its healthy growth. In its quarterly review on the country's economic situation, the premier chamber suggested that the government institute a thorough reform of the system in the capital market by framing the necessary short-term, mid-term and long-term rules and regulations after discussion with all stakeholders. The...

BGMEA, BKMEA oppose BTMA’s demand to govt for incentives

The Bangladesh Textiles Mills Association on Tuesday demanded 'special incentives to protect the local factories from being shut down' in the wake of the drastic fall of yarn prices in the international market. But the Bangladesh Garment Manufacturers and Exporters Association and the Bangladesh Knitwear Manufacturers and Exporters Association opposed the demand for increasing the incentive against exports to 15 per cent from the existing five per cent at a meeting...

Tax lawyers demand increase in tax-free income ceiling

Leaders of the Bangladesh Tax Lawyers Association on Tuesday proposed that the National Board of Revenue should raise the ceiling of tax-free income to Tk 3 lakh from Tk 1,65,000 and increase the rate of tax on income exceeding the proposed ceiling. BTLA leaders placed a set of proposals in a pre-budget meeting at the NBR office. The meeting was presided over by NBR chairman Nasiruddin Ahmed. The association proposed a multi-layer income tax structure,...

Chinese co to invest $2.52m in Mongla EPZ

Bora International Limited, a Chinese Company, will set up a rubber-sheet manufacturing industry in Mongla Export Processing Zone. This fully foreign owned company will invest $2.515 million in setting up their unit and manufacture rubber-sheet items. The company will also create employment opportunity for 1,239 Bangladeshi nationals. An agreement to this effect was signed between Bangladesh Export Processing Zones Authority and Bora International Limited on BEFZA...