Edison Real Estate and Haier Partner for Service Benefits

Singer Bangladesh has opened a new home appliances plant in the Bangladesh Special Economic Zone (BSEZ) in Araihazar, Narayanganj, as part of its expansion strategy to boost local manufacturing. The project, approved by the board on March 30, 2022, involved an investment of Tk 603.89 crore, with Tk 580.33 crore allocated for machinery and plant construction.

Bangladesh's electronics sector faces challenges due to inflation, currency devaluation, and reduced consumer spending. An 11% taka devaluation increased import costs, impacting prices. Consumer uncertainty, political unrest, and LC issues disrupted supply chains.

Bangladesh requires 100,000 new flats annually, but realtors can supply only 8% due to affordability constraints and high mortgage interest rates. FR Khan, MD of Building Technology and Ideas (bti), suggests fixing interest rates and increasing loan-to-value ratios to improve accessibility.

Singer Bangladesh has begun commercial production at its new plant in the Bangladesh Special Economic Zone (BSEZ) in Araihazar, Narayanganj, following a $78 million investment from Arcelik. The facility, covering 35 acres, will locally manufacture over 90% of components, reducing import dependence.

The supply of new real estate in Dhaka is expected to decrease due to declining applications for building approvals from RAJUK. Economic challenges, higher living costs, political uncertainty, and the impact of the new Detailed Area Plan (DAP) 2022-2035 are key reasons for this decline.

The National Board of Revenue (NBR) has doubled the corporate income tax rate to 20 percent for manufacturers of freezers, refrigerators, motorcycles, air conditioners, and compressors, starting from the fiscal year 2025-26. According to a notification issued today, these revised tax rates will be in effect until June 30, 2032.