The Financial Express Bangladesh reports that the Bangladesh government is going to withdraw the entire import duty from 18 major exportable products from Bhutan to boost bilateral trade with the neighbouring country.
As per the report, the South Asian department of the foreign ministry has urged the NBR to take necessary steps to withdraw import duty from the import items following a commitment by Prime Minister Ms Sheikh Hasina during her recent visit to the country.
Mr Nasir Uddin Ahmed chairman of National Board of Revenue said “We will issue an order in this connection after getting directive from the finance minister.”
Presently, the NBR imposes a flat 15% customs duty on import of Bhutanese products.
The items include all kinds of mineral waters, boulders, dolomite, gypsum, limestone, calcium carbonate, ferrosilicon, billets, semi finished products of iron or non-alloy steel.
Source: Steel Guru
Showing posts with label bangladesh. Show all posts
Showing posts with label bangladesh. Show all posts
Monday, December 21, 2009
Monday, December 14, 2009
Bangladesh To Import LNG, Coal To Run Power Plants
The Bangladeshi Prime Minister's Adviser for Power, Energy and Mineral Resources Dr Tawfiq-e-Elahi Bir Bikram yesterday said that the government was contemplating to import liquefied natural gas (LNG) and coal to install four coal based power plants and five mega gas-fired power plants to reduce electricity crisis in the country.
He told this to reporters at the Zia International Airport prior to departure to UK for participating in a road show in England for foreign direct investment (FDI) in power sector. Nine officials accompanied him to attend the two day long London road show on December 15 to 16.
We face a shortfall of 500MW to 600 MW of electricity everyday due to gas crisis, the adviser said.
"Due to gas crisis, the government is planning to import LNG for electricity generation," he said, adding, "To establish four coal-fired power plants having capacity of 400MW each, the government has also planned to import coal outside the country.
The government has planned to install three combined cycle power plants having capacity of 1125MW, two peaking power plants of 100MW each, 2000MW to 2600MW capacity of imported coal based power plants and renewable energy based power plant having capacity of 110MW, Power Division Secretary Abul Kalam Azad said.
Energy Division Secretary Mohammed Mohsin said that Bangladesh has nine trillion cubic feet of gas proven reserve so far. Our daily demand is about 2,300 mmcfd (million cubic feet) per day.
The government is planning to set up one LNG terminal having capacity to preserve 3.5 million tons LNG.
Executive Chairman of the Board of Investment S A Samad said Bangladesh offers incentives for foreign direct investment.
"We will showcase our better investment climate through the road show in Bangladesh power sector," he said.
Some 80 interested investors, including 25 expatriate Bangladeshis, have registered online to take part in the road show.
The Singapore road show will begin on January 26 next year while the New York road show will start on January 28.
The government will arrange three separate road shows outside the country for power sector development at an estimated cost of Tk 2.16 crore.
The 9-member delegation of London road show include Power Secretary Abul Kalam Azad, Chairmen of the Board of Investment Dr SA Samad, Petrobangla Chairman Prof Hossain Monsoor, Power Development Board Chairman ASM Alamgir Kabir, and Bangladesh Petroleum Corporation, Energy Regulatory Commission Chairman Syed Yusuf Hossain, Deputy governor of Bangladesh Bank, PDB member power generation and PDB member for distribution.
In New York road show, the Board of Investment will invite 75 foreign and local investors while the number of invitees in Singapore will be 60 persons, sources said.
Board of Investment (BoI) of Bangladesh has already invited chambers' leaders of USA, UK, China, Malaysia, Korea, Russia and some others countries, sources said.
Source: The New Nation
He told this to reporters at the Zia International Airport prior to departure to UK for participating in a road show in England for foreign direct investment (FDI) in power sector. Nine officials accompanied him to attend the two day long London road show on December 15 to 16.
We face a shortfall of 500MW to 600 MW of electricity everyday due to gas crisis, the adviser said.
"Due to gas crisis, the government is planning to import LNG for electricity generation," he said, adding, "To establish four coal-fired power plants having capacity of 400MW each, the government has also planned to import coal outside the country.
The government has planned to install three combined cycle power plants having capacity of 1125MW, two peaking power plants of 100MW each, 2000MW to 2600MW capacity of imported coal based power plants and renewable energy based power plant having capacity of 110MW, Power Division Secretary Abul Kalam Azad said.
Energy Division Secretary Mohammed Mohsin said that Bangladesh has nine trillion cubic feet of gas proven reserve so far. Our daily demand is about 2,300 mmcfd (million cubic feet) per day.
The government is planning to set up one LNG terminal having capacity to preserve 3.5 million tons LNG.
Executive Chairman of the Board of Investment S A Samad said Bangladesh offers incentives for foreign direct investment.
"We will showcase our better investment climate through the road show in Bangladesh power sector," he said.
Some 80 interested investors, including 25 expatriate Bangladeshis, have registered online to take part in the road show.
The Singapore road show will begin on January 26 next year while the New York road show will start on January 28.
The government will arrange three separate road shows outside the country for power sector development at an estimated cost of Tk 2.16 crore.
The 9-member delegation of London road show include Power Secretary Abul Kalam Azad, Chairmen of the Board of Investment Dr SA Samad, Petrobangla Chairman Prof Hossain Monsoor, Power Development Board Chairman ASM Alamgir Kabir, and Bangladesh Petroleum Corporation, Energy Regulatory Commission Chairman Syed Yusuf Hossain, Deputy governor of Bangladesh Bank, PDB member power generation and PDB member for distribution.
In New York road show, the Board of Investment will invite 75 foreign and local investors while the number of invitees in Singapore will be 60 persons, sources said.
Board of Investment (BoI) of Bangladesh has already invited chambers' leaders of USA, UK, China, Malaysia, Korea, Russia and some others countries, sources said.
Source: The New Nation
Sunday, February 8, 2009
Bangladesh's Steel Manufacturers Looking For Cuts In Import Duties
Bangladeshi steel manufacturers are looking to the government to cut import duties on raw materials in its forthcoming budget.
At a pre-budget meeting between National Board of Revenue (NBR) chairman Muhammad Abdul Mazid and representatives of the construction sector the secretary-general of the Bangladesh Steel Mill Owners Association (BSMOA), Mr M Bashirullah, called for duty cuts on the import of melting scraps, sponge iron, ferro-manganese, ferro-silicon, ferro-silica manganese, quartz powder, graphite powder, graphite electrode and manganese ore as well as enhancing the duty on finished MS rod. Mr Bashirullah also demanded an exemption of pre-shipment inspection in importing raw materials for the steel industry.
The Bangladesh Cement Manufacturers Association (BCMA) also proposed a cut in import duties on cement clinker, fly ash and slag.
Meanwhile the Bangladeshi government is looking to formulate a well-coordinated and balanced budget for the fiscal 2009-10 where no sector will be deprived. "We want to confirm that giving facility to a sector will not deprive another one," Mr Mazid said. He added that the philosophy for the budget is to facilitate employment and the eradication of poverty.
"The government will formulate a balanced budget that will facilitate all sectors towards achieving the philosophy of the budget." hw saud.
Source: The New Nation
At a pre-budget meeting between National Board of Revenue (NBR) chairman Muhammad Abdul Mazid and representatives of the construction sector the secretary-general of the Bangladesh Steel Mill Owners Association (BSMOA), Mr M Bashirullah, called for duty cuts on the import of melting scraps, sponge iron, ferro-manganese, ferro-silicon, ferro-silica manganese, quartz powder, graphite powder, graphite electrode and manganese ore as well as enhancing the duty on finished MS rod. Mr Bashirullah also demanded an exemption of pre-shipment inspection in importing raw materials for the steel industry.
The Bangladesh Cement Manufacturers Association (BCMA) also proposed a cut in import duties on cement clinker, fly ash and slag.
Meanwhile the Bangladeshi government is looking to formulate a well-coordinated and balanced budget for the fiscal 2009-10 where no sector will be deprived. "We want to confirm that giving facility to a sector will not deprive another one," Mr Mazid said. He added that the philosophy for the budget is to facilitate employment and the eradication of poverty.
"The government will formulate a balanced budget that will facilitate all sectors towards achieving the philosophy of the budget." hw saud.
Source: The New Nation
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