Walton Introduces New Solar Hybrid IPS

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 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.

BRAC Bank has been awarded the Remittance Award 2024 by the Ministry of Expatriates' Welfare and Overseas Employment for achieving the 4th position in remittance volume among all banks during the fiscal year 2023-24.

Organic Nutrition Limited (ONL), a Bangladeshi company, has entered the U.S. market with its functional food products after receiving approval from the United States Food and Drug Administration (USFDA). These products are now available in U.S. supermarkets and on Amazon USA.

The 16th edition of the Bangladesh Brand Forum's Best Brand Awards celebrated the accomplishments of 44 brands at a gala event on December 26, 2024, at the Intercontinental Dhaka. A total of 60 awards were given, including the "Overall Top 15 Brands of Bangladesh" and the "Most Emerging Brand."

Bangladesh Krishi Bank has been honored with the "Remittance Award 2024" by the Ministry of Expatriates' Welfare and Overseas Employment for its significant contribution to remittance inflows during the fiscal year 2023-24.