December 2020 – SBBC wishes you Happy Holidays, Merry Christmas & Happy New Year 2021. Stay safe!

Embassy of Sweden in Dhaka – Ambassador Alex Berg von Linde called on Honourable Prime Minister Sheikh Hasina at Ganabhabon today. In the meeting, the Ambassador and Honourable Prime Minister discussed the Sweden-Bangladesh relation, our long joint history and how to strengthen cooperation ever further in the future. Bilateral trade and investment is becoming an increasingly important part of our relations. On the international stage, the two sides discussed the mutual strong commitments to multilateralism as a foundation for increased partnership. Sweden also seeks to further increase engagement with Bangladesh on mutually important topics such as human rights, labour rights and social dialogue, and preventing gender based violence. International cooperation on issues such as climate change and gender equality, both areas of mutual interest for Sweden and Bangladesh, will play key roles in achieving the Sustainable Development Goals, and thereby building a greener and more inclusive future for all.

BANGLADESH INVESTMENT HANDBOOK, Bangladesh Investment Handbook – A Guide for the Investors delivers up-to-date information on business climate, processes required to start and operate a business,
necessary costs, tax/policy regimes, incentives and comparative advantages, visa rules and above all, the potential of businesses in the country. It is expected to ameliorate investment scenario of the country that would, in turn, flourish our economy and implement national development goals and visions including SDG. Read more>>>

Coronavirus update in Bangladesh, WHO report 07 December 2020, The status of Covid-19 such as confirmed, death rate, caused rate,recovery rate of Coronavirus information(Covid-19) in Bangladesh, by WHO. Read more>>>. Check the Governmemnt of Bangladesh, Click here>>

TRADE between Sweden and Bangladesh, updated 2020.12.02 – Swedish export and import with Bangladesh between the year 2014 – 2019. CLICK here>> AND between the period Jan – Sep 2020. CLICK here>>

ACCELERATE INTO THE NEW BUSINESS LANDSCAPE, Are you prepared for the new business landscape as global markets begin their recovery? Now is the time to reposition your company and tap into accelerating opportunities. Our team can help you map your future pathway and make smart decisions without delay. Read more>>>

Extending GSP for post-LDC Bangladesh, Md Mazadul Hoque | Published:  June 05, 2020. Bangladesh, as a least developed country, enjoys a lot of facilities provided by the European Union (EU). These facilities came following the request made by our government to be promoted economically. Especially, the 28-country bloc, namely the European Union, has extended facilities to Bangladesh through the contract styled “Generalised System of Preferences (GSP).” EU introduced GSP programs only for least developed and developing countries. The countries availing GSP facilities have truly benefited much in terms of business expansion. Read more>>>

Bangladesh seeks duty-free access to Sweden for five years, Commerce Minister Tipu Munshi yesterday sought duty-free access for Bangladeshi goods to Swedish markets for five years after its graduation to a developing country in 2024. The minister was speaking at a meeting with Alexandra Berg von Linde, Swedish ambassador to Bangladesh, at the minister’s secretariat office in Dhaka. Read more>>>

Bangladesh IT is improving Governance through Inclusion, Innovation, Integration, a2i (Access to Information) strive to unfold the true potential within the government to create remarkable innovations that can ease and improve the lives of citizens. As the flagship programme of the Digital Bangladesh agenda, we hope to inspire developing and developed nations on public service innovation and transformation by sharing our groundbreaking insights supported by examples, lessons, and knowledge. Read more>>>

FBCCI calls for Finnish companies to manufacture in Bangladesh, The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Wednesday called upon Finnish companies to manufacture in Bangladesh. “Bangladesh and Finland may explore trade recovery through bilateral value chain initiative utilizing Finland’s cutting edge technology support and Bangladesh’s production competitive edge, maximizing our global market access opportunities,” FBCCI president Sheikh Fazle Fahim said, at an event jointly organized by FBCCI and the Finnish Chamber of Commerce (FINNCHAM). Read more>>>

Trash to power Dhaka homes? November 08, 2020. In two years, Dhaka’s increasing demand for electricity could be met by the waste it generates. A waste-to-energy project has been finalised by the government to generate electricity from the garbage of Dhaka North City Corporation (DNCC) areas. The project aims at not only producing 42.5 MW electricity, but also disposing of the rubbish produced in the capital. Read more>>>

First-ever waste-to-energy plant gets procurement committee nod, The plant will be built in Narayanganj at a cost of Tk1,665.48 crore. The Cabinet Committee on Public Procurement has approved the country’s first-ever waste-to-energy plant project to be built in Narayanganj at a cost of Tk1,665.48 crore. The waste-to-energy plant will be built by a private company on the build-own-operate basis. The Bangladesh Power Development Board will purchase electricity from the plant for 20 years. Read more>>>

Graduation from LDC Status: Hope brightens, Published:  November 21, 2020. Bangladesh ahead in all three criteria set by UN for becoming a developing country and Bangladesh is going to compete in the second review of a UN panel next year for graduation to a developing country from a least developed one as it met all the three criteria for getting out of the LDC bloc. Read more>>>

Denim Expert: a champion in sustainability. The company’s Managing Director Mostafiz Uddin believes more partnerships mean more sustainability:  November 23, 2020. Despite facing numerous work order cancellations and subsequent suspension of most exports due to the ongoing coronavirus pandemic, Denim Expert Ltd did not lay off any of its workers. Swedish retail giant H&M has shown a fine example of what a good business partnership should be as it came forward to start sourcing products from Denim Expert during these tough times, said Mostafiz, who began his journey as a denim supplier to European customers in 2009. Read more>>>

Bangladesh outlines plan for up to 40 GW of renewables in 2041, Published:  OCTOBER 20, 2020. The most ambitious scenario outlined in a new, draft solar energy strategy for Bangladesh envisages almost 40 GW of renewable energy generation capacity in 2041. The 20-year National Solar Energy Action Plan drawn up by the government states a business-as-usual scenario will result in only 8 GW of clean energy capacity by that date and a medium implementation forecast would drive 25 GW of projects. Read more>>>

Pharma export to Asean market likely to reach $1.2 by 4 years: Publish – November 22, 2020. Bangladesh sees high potential to enter Asean countries. Bangladesh’s pharmaceuticals export volume to Asean market can reach up to $1.2 billion from the present $60 million within the next four years if the technical and the non-tariff barriers are addressed. the webinar organized by the Ministry of Foreign Affairs, they noted that Bangladesh has high potential to enter the Asean market. Read more>>>

Three Bangladeshi firms on Forbes list, Published:  December 05, 2020. The annual list named “Forbes Asia and the Pacific best under one billion list this year–2020” recognises 200 top-performing small and medium companies in the Asia-Pacific region with sales under US$1.0 billion. Three Bangladeshi firms have entered into the greatly desired Forbes list of under US$ 1.0 billion company for 2020 for Asia and the Pacific region. They are: Square Pharmaceutical Company Limited (founded in 1958), Renata (1972) and Fortune Shoes (2010). Read more>>>

Bangladesh loses $703 million a year to tax abuse by multinationals, individuals, Published: Says the State of Tax Justice 2020 report. Bangladesh is losing more than $703 million every year because of tax abuses committed by multinational corporations and private individuals, according to a new report. The loss is equivalent to 3.5 per cent of total tax revenue of Bangladesh, 61.89 per cent of the health budget and 13.95 per cent of the education spending. Read more>>>

AIMS of Bangladesh to launch series of mutual funds in 2021, Likely to be released serially at regular intervals from the first quarter of 2021. Responding to encouragements from the regulator and in support to the endeavors for reviving the industry, Aims of Bangladesh will float a multi-scheme series of mutual funds for the local capital market. Read more>>>

ICAB awards 23 companies for this well-presented annual reports, The Institute of Chartered Accountants of Bangladesh (ICAB) on Thursday awarded 23 different business entities in 12 categories for furnishing quality annual reports in 2019. The ICAB-nominated annual reports of Bangladeshi corporate entities have attained most awards among South Asian countries over the last decade, which indicate the improvement in the quality of financial reporting. In the banking sector (private) category, Brac Bank secured the first prize, while Shahjalal Islami Bank and Bank Asia jointly won second prize, and Mutual Trust Bank and Mercantile Bank jointly bagged the third prize. Read more>>>

3DOM ties up with Cosmos Global for electric vehicle assembly plant in Bangladesh. 3DOM Inc., a Japanese smart energy solutions provider, has signed a letter of intent with Cosmos Global Resources Pte (Cosmos), to set up an electric vehicle assembly plant in Bangladesh. In addition to the assembly of micro-mobility electric vehicles in Bangladesh, the JVC between 3DOM and Cosmos also aims to own and operate a company to lease the electric vehicles for a ride-hailing service. Read more>>>

Japanese Investment: The opportunity for Bangladesh’s economic growth, Japan was one of the earliest countries to officially recognize Bangladesh and warm friendship has fostered between the people of the two countries ever since; with Japan being the biggest bilateral development partner in the history of Bangladesh and the economic relations between the two nations is continuously growing. Since 1974, the total amount of Japan’s committed Overseas Development Assistance (ODA) has reached USD 22 billion. Read more>>>

British Airways seeks Bangladesh clearance to resume Dhaka-London flights after 11 years, British Airways has applied for permission from the Civil Aviation Authority of Bangladesh or CAAB to fly Dhaka-London direct after 11 years. Read more>>>

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