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Bangladesh Export Processing Zones Authority (BEPZA) has signed a lease agreement with South Korean company Park Handbag BD Limited to establish a factory for producing bags, luggage, and high-end garments in the BEPZA Economic Zone at Mirsarai, Chattogram. The agreement, signed on January 26, 2026, at the BEPZA Complex in Dhaka, involves a proposed investment of 80 million US dollars. The signing was attended by BEPZA Executive Chairman Major General Mohammad Moazzem Hossain and senior officials from both sides.
According to the agreement, Park Handbag BD Limited will build the factory on 57,600 square meters of land, producing handbags, backpacks, luggage, and knit and woven garments such as polo shirts, T-shirts, jackets, trousers, sportswear, and undergarments. Once fully operational, the project is expected to create about 10,960 jobs for Bangladeshi workers, with products exported to the United States, the United Kingdom, the European Union, South America, and Asia.
BEPZA reaffirmed its commitment to providing round-the-clock services to investors and emphasized ongoing modernization, automation, and digitalization to enhance investment facilitation.
South Korean firm to invest $80 million in BEPZA zone, creating nearly 11,000 jobs
Bangladeshi actor and producer Ananta Jalil has announced his departure from the film industry due to a severe downturn in his garment business. Once operating a factory in Savar with around 12,000 workers, Jalil now manages only about 4,000 employees. He said the business situation has become so difficult that he cannot focus on acting or complete his pending film projects. Jalil emphasized that he has always prioritized business over cinema and will not return to acting until his business recovers.
Jalil also confirmed that his wife and co-star, actress Barsha, will no longer appear in films. This decision has cast uncertainty over their ongoing productions, including “Netri: The Leader,” “Operation Jackpot,” and “Chita,” which have yet to finish shooting. Jalil, who entered the film industry in 2008, stated that he and Barsha have always worked together and will only return to cinema jointly if conditions improve.
He added that his focus now is on overcoming the current business crisis, suggesting that any future film work will depend on better times ahead.
Ananta Jalil leaves films to focus on struggling garment business
The government has approved a policy decision to provide a 20 percent rebate on electricity bills for marginal fish farms, hatcheries, and livestock and poultry farms. The initiative aims to reduce production costs in these sectors. To implement the rebate, the Finance Division has decided to allocate a subsidy of Tk 100 crore. The Ministry of Fisheries and Livestock announced the decision in a press release issued on Monday.
According to the release, the rebate is part of the government’s existing electricity rebate policy, which currently covers 16 sectors to promote agricultural production, export of agricultural goods, and the growth of agro-based industries. In continuation of this policy, four additional sectors have now been included under the rebate scheme: animal and poultry feed manufacturing, fish feed production, poultry industry, and dairy processing industry.
The dairy processing category includes pasteurized milk, powdered milk, ice cream, condensed milk, sweets, cheese, ghee, butter, chocolate, and yogurt. The ministry expects the rebate to significantly ease electricity expenses for farmers and entrepreneurs in these sectors.
Bangladesh to give 20% electricity rebate to fish, livestock and poultry farmers
The interim government of Bangladesh has decided to establish the country’s first Free Trade Zone and Defense Industrial Zone, according to Bangladesh Investment Development Authority (BIDA) Executive Chairman Chowdhury Ashiq Bin Harun. The announcement was made on Monday at a press briefing at the Foreign Service Academy in Dhaka. The Free Trade Zone will be set up on 600 acres of land in Anwara, Chattogram, while the Defense Industrial Zone will occupy 850 acres in Mirsarai.
The decision was approved at the fourth meeting of the governing board of the Bangladesh Economic Zones Authority (BEZA), chaired by Chief Adviser Professor Muhammad Yunus. Harun stated that the Mirsarai site was previously designated for an Indian Economic Zone under a government-to-government framework, which has now been dropped. He added that countries maintaining good relations with Bangladesh have shown interest in the new project, and details will be disclosed once agreements progress further.
The Defense Industrial Zone will be located within the National Special Economic Zone (NSEZ) in Mirsarai, marking a significant policy shift in Bangladesh’s industrial development strategy.
Bangladesh plans first defense industrial zone in Mirsarai, replacing Indian economic zone
The government has approved a policy decision to include marginal fish farms, hatcheries, livestock, and poultry farms in the list of beneficiaries eligible for a 20 percent rebate on electricity bills. The announcement was made on Monday through a press release signed by Md. Mamun Hasan, Senior Information Officer of the Ministry of Fisheries and Livestock. The decision aims to reduce production costs for farmers and hatchery owners across these sectors.
According to the press release, under the existing electricity rebate policy, 16 sectors currently receive a 20 percent rebate. Among them, the Ministry of Fisheries and Livestock oversees four sectors for which the Finance Division has approved a subsidy of Tk 100 crore. The sectors covered include animal and poultry feed manufacturing, fish feed production, poultry industry, and dairy processing industries such as pasteurized milk, powdered milk, ice cream, condensed milk, sweets, cheese, ghee, butter, chocolate, and yogurt.
The government expects that this initiative will significantly reduce production costs, attract more investment in the industrial sector, and enhance national self-sufficiency in safe and quality animal protein production.
Bangladesh approves Tk 100 crore subsidy and 20% electricity rebate for fisheries and livestock
Bangladesh’s National Board of Revenue (NBR) has launched extensive reforms under the interim government to modernize revenue management, expand the tax base, and enhance transparency. According to an official statement, the government issued the Revenue Policy and Management Ordinance 2025 to separate policy formulation from implementation, marking a major milestone in NBR’s structural reform. Between July and December 2025, NBR collected Tk 1,85,223 crore in revenue, Tk 23,000 crore higher than the same period last year.
The reforms include a ten-year Medium and Long-Term Revenue Strategy to strengthen revenue-GDP ratio and a World Bank–funded digitalization project worth nearly Tk 1,000 crore. NBR has also introduced online tax filing, e-payment, and refund systems, while establishing a Security Operations Center to protect customs data. Construction of new tax and customs facilities in Chattogram and Khulna is underway, and new VAT and customs laws have been published in authentic English versions to improve investor confidence.
Additional measures include tax exemptions for Hajj travelers and metro rail services, reduced tariffs on essential goods and mobile phones, and new traveler-friendly baggage rules. These initiatives aim to ensure transparency, efficiency, and sustainable revenue growth.
Bangladesh’s interim government launches major NBR reforms to modernize and expand revenue system
A powerful snowstorm has paralyzed large parts of the United States, leaving at least 10 people dead and causing widespread disruption from Texas to New England. The storm forced the closure of schools and roads nationwide, canceled thousands of flights, and left millions without electricity. The U.S. National Weather Service said conditions were unlikely to improve before Monday morning and urged residents to stay indoors unless absolutely necessary.
According to reports, two people in Louisiana died from hypothermia, while one person died in Texas. New York City Mayor Zohran Mamdani said five deaths occurred over the weekend, though it was unclear if they were weather-related. Major U.S. media outlets, citing the National Weather Service, reported that heavy snow covered most of 15 states, including Illinois, Ohio, Indiana, Kansas, New Jersey, New York, Pennsylvania, Missouri, Oklahoma, Texas, and Tennessee. Freezing rain also hit the Carolinas and mid-Atlantic states, placing about 185 million people under winter weather alerts.
Airlines canceled around 11,000 flights scheduled for Sunday, and more than 900,000 customers lost power, including 250,000 in Tennessee.
Snowstorm kills 10 and disrupts flights, power, and travel across 15 U.S. states
The Singapore dollar has reached its highest level in nearly ten years against the US dollar, reflecting growing investor confidence in Asian markets. The currency strengthened by 0.3 percent to 1.2684 per US dollar, marking its strongest position since October 2014. The rise occurred amid expectations that Singapore’s central bank will maintain its current policy stance, while global pressure on the US dollar increased due to potential currency interventions by Japan and signals from the United States.
Analysts noted that the US dollar came under pressure following the New York Federal Reserve’s interest rate review on January 23, which also led to a 1.2 percent rise in the Japanese yen. Other Asian currencies benefited as well, with Malaysia’s ringgit reaching its highest level since 2018 and South Korea’s won hitting a three-week peak. Experts highlighted that Singapore’s monetary authority focuses more on exchange rate management than interest rates, supported by stable economic policies, a strong stock market, and a reliable government bond market.
Over the past year, the Singapore dollar has gained about 6 percent against the US dollar. Analysts believe that Singapore’s consistent and stable policies could help sustain the currency’s strength despite global uncertainties.
Singapore dollar hits decade-high against US dollar amid rising Asian investor confidence
The Bangladesh government has given policy approval to offer cash incentives to non-resident Bangladeshis (NRBs) who help attract foreign direct investment (FDI) into the country. The decision was made at a meeting of the Bangladesh Investment Development Authority (BIDA) governing board held at the Chief Adviser’s Office in Tejgaon, chaired by Chief Adviser Professor Muhammad Yunus. According to BIDA Executive Chairman Chowdhury Ashiq Mahmud Bin Harun, NRBs who facilitate equity investment in Bangladesh will receive a 1.25 percent cash incentive on the investment amount.
He explained that the initiative aims to use the global networks of expatriate Bangladeshis to promote the country as an investment destination. The proposal will be sent to the Ministry of Finance for final approval before implementation. BIDA also announced plans to open overseas offices, starting in China, followed by South Korea and a European Union country, to attract more investment.
Additionally, the government approved a roadmap to merge six investment-related agencies under a single structure called the “Single Umbrella” framework to improve coordination and decision-making. Legal and structural implementation will proceed under the next government.
Bangladesh to reward expatriates with cash incentives for bringing foreign investment
Bangladesh Bank has instructed all commercial bank branches across the country to conduct awareness campaigns for the upcoming referendum on constitutional reform proposals recorded in the July National Charter 2025. The directive was issued through a circular released by the central bank on Monday, advising each branch and sub-branch to display two special vertical banners to promote public awareness about the referendum.
Earlier, on January 5, the Chief Adviser’s Office had sent a letter to Bangladesh Bank requesting campaign support in favor of the referendum. Following that, the central bank governor held meetings with banks and gave verbal instructions to promote a ‘yes’ vote, also directing them to use funds from their Corporate Social Responsibility (CSR) budgets for the campaign. State-owned banks began implementing the campaign, but many private banks refrained, citing the absence of an official circular as the reason.
With the new circular now in place, all commercial banks are expected to participate in the awareness campaign as instructed by the central bank.
Bangladesh Bank directs all commercial banks to promote awareness for constitutional referendum
The Maheshkhali Integrated Development Authority (MIDA) has announced a five-year strategic roadmap to develop Maheshkhali as a key center for Bangladesh’s energy and logistics sectors. The decision was finalized on Monday at MIDA’s first governing board meeting held at the Chief Adviser’s Office in Tejgaon, chaired by Chief Adviser Professor Dr. Muhammad Yunus. Following the meeting, MIDA Executive Chairman Chowdhury Ashiq Mahmud Bin Harun said the board approved a short-term land allocation plan covering 2025 to 2030.
According to Mahmud, the roadmap sets three main goals for the next five years, focusing primarily on addressing the country’s ongoing energy crisis. Key priorities include operationalizing Maheshkhali’s deep-sea port and establishing LNG and LPG terminals to strengthen energy infrastructure. The master plan also emphasizes utilizing the island’s natural resources and diversifying local economic activities through a specialized fish processing hub.
MIDA, which began operations last August, is now consolidating its organizational structure. The governing board has approved a 137-person staffing plan to oversee the development of these major projects.
MIDA launches five-year plan to turn Maheshkhali into Bangladesh’s energy and logistics hub
Faiz Ahmad Tayeb, Special Assistant to the Chief Adviser on Posts, Telecommunications and Information Technology, has called for building the foundation of a digital economy from the upazila level. He made the remarks on Monday at the inauguration of 100 upazila service and ICT training centers under the Establishing Digital Connectivity (EDC) project, held at the ICT Division’s conference room.
Tayeb emphasized that to build a truly digital Bangladesh, ICT services and skills must expand beyond the capital to upazilas and grassroots levels. He said 100 centers are already operational, and work on another 179 will be completed within six months. The centers will provide ICT skill development for students and freelancers, cybersecurity training for government officials, and ICT support for educational institutions. Office space, training facilities, and co-working areas have been ensured for local ICT officers.
ICT Division Secretary Shish Haydar Chowdhury described the establishment of upazila ICT service and training centers as a major milestone for the division, noting that 303 of the targeted 400 centers are now active, including the 100 launched today.
Faiz Ahmad Tayeb calls for building digital economy from upazila level through ICT centers
Veteran actress and Ekushey Padak recipient Dilara Zaman, now over eighty, remains active in acting and public appearances. On January 9, 2025, she was honored with a lifetime achievement award at the 'Dhallywood Film and Music Silver Jubilee Award 2025' ceremony in Dhaka. She expressed gratitude to the event’s organizer, Alamgir Khan Alam, praising his sincerity and humility.
Despite her age, Zaman continues to work regularly in television dramas and other media. She is currently performing in the ongoing drama series 'Rupnagar,' directed by Kaysar Ahmed and airing on Deepto TV, where her performance has received strong audience response. Additionally, her central role in the YouTube-released drama 'Somprokker Golpo,' directed by Muhammad Mostafa Kamal Raz, has also been well received.
Her continued recognition and active participation in acting and cultural events highlight her enduring influence in Bangladesh’s entertainment industry.
Dilara Zaman honored with lifetime award, continues acting actively at over eighty
A delegation from the Islamic Banks Consultative Forum (IBCF), led by its chairman Khaja Shahriar, met with the chairman of the National Board of Revenue (NBR) on Monday, January 26, at the NBR headquarters in Agargaon. The meeting focused on the calculation of excise duty on trade facility loans and investment services, highlighting differences between conventional and Islamic banking practices.
NBR officials, including Chairman Md. Abdur Rahman Khan, listened attentively to the delegation’s concerns and assured that necessary steps would be taken within the existing legal framework to resolve the issue. Senior NBR members such as AKM Badiul Alam, Ahsan Habib, and Md. Mashiur Rahman were present at the meeting.
The IBCF delegation included senior representatives from several Islamic and commercial banks, including Islami Bank Bangladesh PLC, Shahjalal Islami Bank, Al-Arafah Islami Bank, Standard Bank, and Prime Bank. The discussion aimed to ensure fair excise duty treatment for Islamic banking operations under current regulations.
IBCF delegation meets NBR to address excise duty differences in Islamic banking
Finance Secretary Khairuzzaman Majumdar announced that the government is considering lifting the existing limit on the purchase of savings certificates. He made the statement on Monday in Dhaka during a seminar titled 'Bond Market Development in Bangladesh: Challenges and Recommendations'. Majumdar said the government may take new decisions regarding the buying and selling of savings certificates, including the possible removal of the purchase ceiling.
At the same event, Governor Dr. Ahsan H. Mansur emphasized the need for major reforms to develop the bond market. He stated that simplifying bond transactions could expand the domestic bond market by six trillion and reduce large commercial institutions’ dependence on banks. Mansur added that attracting foreign investment or integrating into the bond market would be necessary to meet financial needs, urging both the private sector and the government to take proactive roles.
He further noted that the future of the bond market depends on controlling inflation and stabilizing interest rates, suggesting that a unified interest rate structure would make the market more sustainable.
Bangladesh considers removing savings certificate purchase limit to boost financial market
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