Grain imports to begin from Russia, Vietnam, India

Bangladesh is set to sign agreements with three different countries, including Russia, finalising the import of 8.3 lakh tonnes of wheat and rice. Imports were on hold after the start of the Russia-Ukraine conflict in February. The new agreements are set to bolster Bangladesh’s food reserve and food security. The import of the vital staples is also a matter of relief at a time when crop production is uncertain due to unpredictable weather conditions as a sign of global climate change.

Source: https://www.tbsnews.net/features/food/grain-imports-begin-russia-vietnam-india-483310

Revenue collection posts 15pc growth in July 

The revenue collection by the National Board of Revenue (NBR) witnessed a healthy growth of 15 per cent in the first month (July) of the current fiscal year (FY23) fetching Tk 175.20 billion. The revenue collection by the revenue board in July last year was Tk 153.44 billion. According to NBR, the revenue collection during this one-month period from customs totalled Tk 67.66 billion, from VAT Tk 60.21 billion, and from income tax and travel tax Tk 47.32 billion. The NBR data also showed that revenue collection from customs increased by 37.68 per cent in July as the revenue collection from the such sector was Tk 49.14 billion in July last year, reports BSS.

Source: https://thefinancialexpress.com.bd/economy/bangladesh/revenue-collection-posts-15pc-growth-in-july-1661353586

Ms Trendy Textiles to invest $39m in DEPZ 

Bangladeshi company Ms Trendy Textiles Limited is going to establish a knit composite textile industry in Dhaka EPZ. 

This fully Bangladeshi owned company will invest US$ 38.99 million where 2993 Bangladeshi nationals will get employment opportunities, reports BSS citing a press release. The company will produce annually 15 million pcs of T-Shirt, Tank-Top, Polo-Shirt, Sweat-Shirt, Cotton and CVC Fleece Jacket and Trousers, Hoody Jacket, Fancy Ladies and Children Wear, Sports Wear. Mentionable, this agreement is signed aiming to re-operate a closed factory of Dhaka EPZ by the new ownership which is sold out through auction process. 

Source: https://thefinancialexpress.com.bd/economy/ms-trendy-textiles-to-invest-39m-in-depz-1661256491