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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.

27 Jan 26 1NOJOR.COM

South Korean firm to invest $80 million in BEPZA zone, creating nearly 11,000 jobs

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.

27 Jan 26 1NOJOR.COM

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.

27 Jan 26 1NOJOR.COM

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.

27 Jan 26 1NOJOR.COM

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.

27 Jan 26 1NOJOR.COM

Bangladesh’s interim government launches major NBR reforms to modernize and expand revenue system

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.

27 Jan 26 1NOJOR.COM

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.

26 Jan 26 1NOJOR.COM

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.

26 Jan 26 1NOJOR.COM

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.

26 Jan 26 1NOJOR.COM

MIDA launches five-year plan to turn Maheshkhali into Bangladesh’s energy and logistics hub

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.

26 Jan 26 1NOJOR.COM

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.

26 Jan 26 1NOJOR.COM

Bangladesh considers removing savings certificate purchase limit to boost financial market

US Treasury Secretary Scott Bessent warned that the United States could impose 100 percent tariffs on all goods imported from Canada if Ottawa finalizes its new trade agreement with China. He issued the warning on Sunday, reinforcing a similar threat made a day earlier by President Donald Trump. Speaking on ABC’s ‘This Week,’ Bessent said Washington would not allow Canada to become a gateway for cheap Chinese products entering the US market.

The warning follows Canadian Prime Minister Mark Carney’s January 16 announcement in Beijing of a “new strategic partnership” and preliminary trade deal with China. Under the agreement, China would reduce tariffs on Canadian canola oil from 84 percent to about 15 percent by March 1 and grant visa-free entry to Canadian citizens. In return, Canada would import 49,000 Chinese electric vehicles at new tariff rates. The deal comes amid rising trade tensions between the US and Canada, as the Trump administration has imposed tariffs on various imports.

President Trump also commented on social media, claiming China was taking over Canada and expressing dismay at the development.

26 Jan 26 1NOJOR.COM

US warns 100% tariffs on Canadian imports over new China trade deal

A severe shortage of LPG autogas has crippled operations at seven filling stations in Lohagara upazila of Chattogram. Since midnight on Friday, most stations have displayed notices reading “gas finished,” leaving thousands of transport drivers dependent on autogas unable to refuel their vehicles. The shortage, which has worsened sharply in the past 24 hours, has caused widespread disruption for both drivers and passengers.

The crisis is part of a broader nationwide LPG shortage, though supply in Lohagara had remained relatively stable until recently. Now, filling stations across southern Chattogram—including Karnaphuli, Patiya, Banshkhali, Chandanaish, Satkania, and Lohagara—report having no gas available. Drivers have been seen waiting for hours only to leave disappointed. One CNG driver described the hardship of being unable to operate his vehicle due to the lack of fuel.

Earlier, the Bangladesh LPG Autogas Station and Conversion Workshop Owners Association warned that if supply issues persist, the autogas industry could collapse. The group urged the Bangladesh Energy Regulatory Commission to ensure uninterrupted LPG supply nationwide.

26 Jan 26 1NOJOR.COM

LPG shortage shuts seven Lohagara stations, disrupting transport across southern Chattogram

The global gold price has reached a new record, surpassing five thousand dollars per ounce for the first time. According to the report, the surge is linked to financial and geopolitical uncertainty arising from tensions between the United States and Europe over Greenland. The market also saw silver prices exceed one hundred dollars per ounce on Friday, marking another historic high.

The report notes that investors often turn to gold and other precious metals as safe-haven assets during times of instability. Factors such as higher-than-usual inflation, a weaker US dollar, and increased gold purchases by central banks worldwide have further boosted demand. Ongoing conflicts in Ukraine and Gaza, along with the US action involving Venezuelan President Nicolás Maduro, have also contributed to the price rise.

The World Gold Council trade association stated that only 216,265 tons of gold have been mined to date, underscoring the metal’s scarcity as a key driver of its enduring appeal.

26 Jan 26 1NOJOR.COM

Gold price hits record above $5,000 per ounce amid global tensions and inflation concerns

The Ministry of Finance’s Social Safety Net Advisory Committee held its 32nd meeting on January 25, 2026, chaired by Economic Adviser Salehuddin Ahmed. The meeting approved an increase of Tk 5,000 in the monthly allowance for decorated freedom fighters and families of martyred freedom fighters, raising it from Tk 20,000 to Tk 25,000. Several other social welfare allowances, including those for widows, the elderly, persons with disabilities, and mothers under the Mother and Child Support Program, were also raised.

The committee finalized beneficiary numbers and allowance rates for 15 social safety programs for the 2026–27 fiscal year. Recommendations included bringing 273,514 new fishermen under the VGF program, increasing old-age allowance beneficiaries to 6.2 million, and expanding support for widows, disabled persons, and disadvantaged groups. The one-time medical assistance for patients with serious diseases was doubled to Tk 100,000, and the number of beneficiaries under the Food-Friendly Program was raised to 6 million families.

These adjustments aim to strengthen Bangladesh’s social protection framework and expand coverage for vulnerable populations in the upcoming fiscal year.

26 Jan 26 1NOJOR.COM

Bangladesh raises freedom fighter allowance and expands key social safety programs for 2026–27


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