National News

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Vietnamese PM invites Sheikh Hasina to visit Hanoi

Vietnamese Prime Minister Pham Minh Chinh has invited his Bangladesh counterpart Sheikh Hasina to pay an official bilateral visit to Hanoi.
The formal invitation was handed over to foreign minister Dr Hasna Mahmud by his Vietnamese counterpart Bui Thanh Son at a bilateral meeting today on the sideline of the 3rd Indo-Pacific Ministerial Forum being held in Brussels, a foreign ministry press release said here.
During the meeting, the Vietnamese foreign minister also invited Hasan Mahmud to visit Hanoi to further strengthen the 5- year-long friendly relations between Bangladesh and Vietnam.

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Dhaka, Bangkok have scope to enhance collaboration on trade

Stakeholders see a bright prospect of cooperation in relations between Bangladesh and Thailand as Ahsanul Islam Titu, a business graduate from a Thai university, has been appointed State Minister for Commerce.
The optimism was expressed when the Assumption University Alumni Association of Bangladesh (AUAAB) hosted a reception in the honor of Titu, a distinguished alumnus, at a city hotel on Wednesday night.
Expressing confidence in Titu capabilities, Thai Ambassador to Bangladesh Makawadee Sumitmor said, "I can see a bright future in terms of Thailand-Bangladesh relations. The newly-appointed State Minister will play a crucial role in supporting and strengthening collaboration between the two countries. The Royal Thai Embassy stands in support."
AUAAB, dedicated to fostering connections among ABAC graduates, serves as a dynamic platform for career counseling and strategic partnerships in various sectors. It is also committed to collaborating with the Thai Embassy in promoting bilateral relations in the areas of education, trade, hospitality, tourism, and healthcare.
AUAAB President Sayeed Hassan reflected on Titu journey and said, “We believe with his knowledge and skills, he will make extensive contributions to the country economy. I wish him all the success."

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Bangladesh, Saudi Arabia keen to enhance bilateral ties further

Bangladesh and Saudi Arabia today expressed keen interest to take the existing excellent bilateral relations to upper level further.
The interest was expressed when President of the Shura Council of the Kingdom of Saudi Arabia Sheikh Dr. Abdullah bin Muhammad bin Ibraheem Al Sheikh called on Prime Minister Sheikh Hasina at her official residence Ganabhaban here.
Prime Minister Deputy Press Secretary KM Shakhwat Moon briefed the reporters after the meeting.
According to Moon, the Bangladesh Prime Minister said Bangladesh and Saudi Arabia share a rich and longstanding historical relationship rooted in religious, cultural, and economic bonds.

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BB unveils export incentives ahead of LDC graduation

Bangladesh Bank (BB) has announced incentives across all export items for aligning with its impending graduation from the Least Developed Country (LDC) status in 2026.
Bangladesh Bank (BB) today issued a circular in this regard.
The circular will be effective from 1 January 2024 and will be valid till 30 June 2024.
For example, the special incentive for the readymade garments sector has been scaled down from 1 percent to 0.5 percent.
Also, incentives for venturing into new markets have witnessed a 1-percentage point reduction to 3 percent. This reduction extends to various sectors including jute and jute goods, leather and leather products, frozen fish, agro products, and more.
Before the circular came into effect, the highest incentive rate was for agro products, potatoes, and processed meats at 20 percent, which has now been reduced to 15 percent.