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Experts, industry want govt to take two-pronged strategy

Bangladesh needs to jumpstart negotiation with its major export destinations as readymade garment (RMG) - the largest foreign-currency earner - will forfeit duty-free access to key traditional and non-traditional markets after the country's LDC graduation, experts say.The experts and also industry leaders suggest that alongside taking preparation for the change,...

VAT on oceangoing vessel imports withdrawn

The council of advisers of the interim government approved a proposal scrapping the existing 7.5-percent VAT on imports of oceangoing vessels of capacities above 5,000-deadweight tonnage (DWT), aiming to spur seaborne trade.Chief Adviser's Press Secretary, Shafiqul Alam, disclosed the decision at a press briefing after Thursday's council meeting that also...

JUCSU polls marked by boycotts, allegations of irregularities

Voting in the long-awaited Jahangirnagar University Central Students' Union (JUCSU) and hall-union elections concluded on Thursday amid controversy, with the Jatiyatabadi Chhatra Dal (JCD) and several left-leaning panels boycotting the polls over alleged irregularities and rigging. According to the Election Commission, more than 70 per cent of registered voters cast...

Dhaka to push for further tariff cut in final deal

A high-level US trade delegation arrives in Dhaka Sunday for a two-day visit focused on negotiating a further reduction in tariffs on Bangladeshi exports to the United States, from the current 20 per cent.The team, led by Brendan Lynch, Assistant US Trade Representative (USTR) for South and Central Asia, will...

BD jobless rate hits 3-yr high at 3.66pc in 2024

Bangladesh's unemployment rate remained the highest at 3.66 per cent in 2024 in the last three years, according to the latest Labour Force Survey (LFS) 2024 report.In 2023, the rate of jobless people in the country was 3.35 per cent and in the previous year (2022) it was 3.53 per...

Single-co bus route for modern mass transport looks shelved

Agonies of umpteen commuters seem destined to prolong as introducing single-company-based bus route for operating modern mass transport service looks finally shelved with an ancillary project ditched.Officials have said the Planning Commission recently rejected extension of the related technical project on bus route rationalization (BRR) showing grounds of poor progress,...