Business – Page 10 – reflectionnewsbd.com

BB hikes policy rate to 10pc

RN Desk:Bangladesh Bank (BB) has increased the policy or repo rate further by 50 basis points to 10 percent for containing inflation. It will be effective from October 27, the

Govt decides to limit tourism in St. Martin’s Island in peak season

RN Desk:The government has decided to limit tourism in Saint Martin’s Island in Cox’s Bazar during the peak season aiming to protect the country’s lone coral island from environmental pollution

NBR makes mandatory submission of e-Return of govt employees for selected tax circles

RN Desk:The National Board of Revenue today issued an order to make online filing of income tax returns (e-Return) mandatory for government employees under the jurisdiction of income tax circles

AmCham holds dialogue with BIDA

DHAKA, RN Desk: Chairman of Bangladesh Investment Development Authority (BIDA) and Bangladesh Economic Zones Authority (BEZA) Chowdhury Ashik Mahmud Bin Harun today reaffirmed their continuous efforts to facilitate trade in

Bangladesh receives $1,532.66 million remittance in 19 days

DHAKARN Desk:- Expatriate Bangladeshis sent around $1,532.66 million remittances during the first 19 days of October in the fiscal 2024-25. Of this, remittances through state-owned and specialised banks accounted for

DHAKA, Oct 20, 2024 (BSS) – The government today approved separate proposals for procuring some 55 lakh liters of soybean oil and 1.50 lakh metric tons (MTs) of fertilizer to meet the growing demand of the country. The Adviser’s Council Committee on Government Procurement (ACCGP) today gave the approval in its 8th meeting with Finance Adviser of the interim government Dr Salehuddin Ahmed in the chair. The ACCGP meeting held at Bangladesh Secretariat here also approved a total of five proposals, according to documents provided by the Ministry of Finance. Following three separate proposals from the Ministry of Agriculture, Bangladesh Agricultural Development Corporation (BADC) would procure 1.20 lakh metric tons of DAP fertilizer from three companies of China, Morocco and Saudi Arabia under state-level agreements with around Taka 872.52 crore. The three companies are Banyan International Trading Limited of China, OCP of Morocco and MA’ADEN of Saudi Arabia. Following another proposal from the Ministry of Industries, the Bangladesh Chemical Industries Corporation (BCIC) would procure some 30,000 metric tons of bulk granular urea fertilizer under the 4th lot under state-level agreement in the current fiscal year (FY24) from SABIC Agri-nutrients Company, Saudi Arabia with around Taka 129.35 crore where per ton fertilizer would cost $359.33. In response to a proposal from the Ministry of Commerce, the state-run Trading Corporation of Bangladesh (TCB) will procure some 55 lakh liters of soybean oil under local Open Tender Method (OTM) from City Edible Oil Limited with around Taka 86.84 crore where per liter soybean oil would cost Taka 157.90 .

KHULNA, RN Desk: Over 2 lakh local and foreign tourists visited the Sundarbans in fiscal 2023-24, helping the government earn Tk 3.61 crore as revenue from the world’s largest mangrove

Govt to procure 55 lakh liters soybean oil, 1.50 lakh tonnes fertilizer

DHAKA, RN Desk: The government today approved separate proposals for procuring some 55 lakh liters of soybean oil and 1.50 lakh metric tons (MTs) of fertilizer to meet the growing

Import duty, regulatory duty reduced to boost supply of rice in market

DHAKA, RN Desk: The government has reduced import duty and regulatory duty on import of rice alongside withdrawing advance tax to keep the price of rice within the purchasing power

Bringing back laundered money is govt’s priority: Salehuddin

DHAKA, RN Desk: – Adviser to the Ministries of Finance and Commerce Dr Salehuddin Ahmed today said the present government’s priority is to bring back the money laundered abroad. “We

Apparel industry currently stable: BGMEA

RN Desk: The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) today said that the country’s apparel industry is currently stable after going through a challenging period. “Buyers have their confidence