Click Fan Donates Ceiling Fans to Orphanages

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.

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.

Standard Chartered Bangladesh and Ispahani Islamia Eye Institute & Hospital (IIEI&H) have partnered to establish 71 Eye Health Camps for adults and 1,667 Student Sight Testing Programmes (SSTP) for school children, according to UNB. This initiative will benefit 10,000 adults in Dhaka and 250,000 students across Naogaon, Jamalpur, Barishal, Borguna, and Moulvibazar.

NRBC Bank is supporting disadvantaged communities in char and haor areas through financial services that empower women entrepreneurs with collateral-free loans. At a recent loan disbursement event in Gaibandha, 20 female small entrepreneurs received Tk 50,000 loans at a 7 per cent interest rate.