Daily Entrepreneurship- Bangladesh (13 April 2019)

Bangladesh receives nearly $12b remittance in 9 months

Expatriate Bangladeshis sent nearly US $12 billion remittance in the first nine months of the current fiscal 2018-19, which is the highest in the last three years.

During the July-March period in the fiscal 2018-19, expatriate Bangladeshis sent $11.87 billion which is 10.30 per cent higher than the amount received in the corresponding period of the preceding fiscal, BSS reports.

According to Bangladesh Bank (BB), the country received $10.76 billion remittance during July-March period of 2017-18 financial year while $9.19 billion in the corresponding periods in fiscal 2016-17, $11.06 billion in the fiscal 2015-16 and $11.26 billion in the fiscal 2014-15.

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Bhutan keen to boost trade with Bangladesh

Bhutanese Prime Minister Dr Lotay Tshering on Friday expressed his keenness to further develop the existing trade relation with Bangladesh.

“There are huge potentials to develop the bilateral trade further. The trade relation can be taken to a new height by effective communication and follow up,” he said while meeting with the business leaders of Bangladesh at a hotel in Dhaka, BSS reports.

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) organized the meeting. FBCCI President M Shafiul Islam Mohiuddin presided over the meeting while Bhutanese Foreign Minister Dr Tandi Dorji and senior officials of the Bhutan government also attended.

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Bangladesh keen to sign FTA with South American trade bloc to promote export

Bangladesh has expressed it interest to sign Free Trade Agreement (FTA) with South American trade bloc MERCOSUR at an early date to tap the under-exploited South American market.

Bangladesh has already submitted “Letter of Intent” to that effect to secure greater access for Bangladeshi products to a huge market of 300 million consumers across Argentina, Brazil, Paraguay and Uruguay.

State Minister for Foreign Affairs M Shahriar Alam conveyed this interest when new non-resident Argentine Ambassador Daniel Chuburu (based in New Delhi) called on him on Thursday, reports UNB.

Argentine Ambassador, whose country is the current President of this trade bloc, promised full cooperation in this regard, according to the Ministry of Foreign Affairs.

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Mustafa Jabbar: Bangladesh ensured its stake in 4IR

Posts, Telecommunications and Information Technology Minister Mustafa Jabbar on Thursday said Bangladesh has ensured its stake in world’s fourth industrial revolution (4IR), being the first country to declare digital industrial revolution a decade ago.

“Incumbent Prime Minister Sheikh Hasina declared ‘digital revolution’ on December 12, 2008,” a ministry press release quoted him as saying at the World Summit on the Information Society (WSIS) Forum-2019 in Geneva, reports BSS.

Jabbar, who is the chair of the five-day global event, said in the last ten years “this revolution transformed the agro-economy-based Bangladesh into the fourth industrial revolution in terms of efficiency”.

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KCCI proposes corporate tax rate reduction

The Khulna Chamber of Commerce and Industry (KCCI) has proposed NBR to reduce the corporate tax rate in the coming national budget.

Ex-president of Khulna Income Tax Lawyers Association and senior advocate Monirul Huda placed the proposal at a pre-budget meeting at a city hotel, reports BSS.

He also called for customisation audit system for the private companies without any harassment.

NBR and KCCI jointly arranged the pre-budget discussion meeting ahead of preparing the budget of 2019-2020 fiscal year.

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Mayor Atiqul: DNCC will support startup organic food farmers

Dhaka North City Corporation (DNCC) Mayor Atiqul Islam has offered to support startup farmers who grow organic food.

The mayor stated this while speaking to reporters, after inaugurating an outlet of Aaurhi, a power boutique by ActionAid in Gulshan 1,  on Thursday.

The mayor told the media: “The DNCC will also provide organic food farmers a comparatively- lower markup for renting shops in markets owned by the corporation. I want organic produce and food products to be easily-available to city corporation outlets, so that consumers can eat healthy.

“I want women entrepreneurs to come to our outlets, with unadulterated food, and do business. I will provide them with full support.”[More Info…]