Four Firms get nod to invest abroad

Summary: Four private business entities have received permission from Bangladesh Bank to invest $10 million in foreign countries which will be a leading step towards worldwide marketing of local products. Content: Among the permitted companies are- Square Pharmaceuticals, Renata Pharmaceuticals Ltd, BSRM Group and Columbia Garments. Square Pharmaceuticals Limited...

WEBINAR ON INFORMATION TECHNOLOGY LAW

The four pillars of Digital Bangladesh are Human Resource Development, Connecting Citizens, Digital Government, and Promotion of ICT Industry.  The third pillar involves the construction of digital portals & providing e-Services etc. The fourth pillar involves providing several IT services –financial services, call centers, healthcare,...

WEBINAR ON CURRENT TAXATION & FINANCE LEGAL ISSUES

Taxation  In the current financial year, the corporate tax rate structure has not been changed except that the tax for Non-Publicly Traded Companies is reduced by 2.5 percent and fixed at 32.5%. Some new industries are brought under the umbrella of tax exemption. Pension and gratuity...

The Construction work of Korean EPZ hi-tech Park begins in Chattogram

Summary:    The construction of the Korean EPZ Hi-Tech Park in Anwara Upazila of Chattogram began on 21st April, with the primary investment of $200m by Youngone corporation. In the coronavirus pandemic situation,  the innovative ceremony was virtually attended by Zunaid Ahmed Palak, State Minister for ICT, and LEE...

Textile sectors will be allowed to take subcontractors

Summary Bangladesh government has allowed taking the facility of subcontractors like the Ready-Made Garments ("RMG") industry because some large industries are burdensome with a large number of export orders while the medium and small companies can not wield their resources. This facility along with the guidelines...
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