Syed Nasim Manzur
The entrepreneurs of Bangladesh are exposed to a hostile taxation system which is detrimental for expansion of local and foreign investments, said Apex Footwear Ltd Managing Director Syed Nasim Manzur.
Investors are facing stepmother behaviour from the authorities concerned, he said, adding “Although an industrialist counts loss, he/she will not be exempted from the tax as per current system.”
He made the views while addressing a webinar organised by Economic Reporters’ Forum (ERF) on Saturday.
“Taxation system of Bangladesh is not business-friendly at all. So, business should be stopped. We would like to leave business just tomorrow, if problems are not resolved. The entrepreneurs are liable to count tax irrespective of his profit or loss. On the contrary, non-taxpayers enjoy various facilities. Largest businesses like us are facing bleak situation. We do not want to continue with this kind of business. Prevalence of tax anomalies will see extinction
Like to leave business if tax anomalies not removed: Syed Nasim Manzur
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Speakers for tapping FDI potentials in agro processing, light engineering, blue economy
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DHAKA, April 17, 2021 (BSS) – Speakers at a webinar today stressed the need for reforming the taxation system alongside tapping the Foreign Direct Investment (FDI) potentials in a wide range of sectors like agro processing, light engineering, non-cotton apparel, home textile, blue economy and education in the country to ensure export diversification and smooth LDC graduation.
They also suggested for extending the scope for whitening undisclosed money in the health infrastructure, economic zones, and in other infrastructure sectors alongside the existing sectors to create more employment opportunities.
The participants in the webinar also opined that all the concerned stakeholders need to extend their all-out cooperation to the Bangladesh Investment Development Authority (BIDA) to attract more FDI in the country.
Dipu Moni urges private sector to invest in education sector
BSS
27th February, 2021 09:03:39
For a sustainable and commercially viable research ecosystem, Education Minister Dr Dipu Moni urged on Saturday the private sector to invest in the education sector.
“Still we have gap between the industry and academia, and to reduce the gap we should do a mapping to identify skill requirements. Despite Covid-19 has manifold socio economic impacts, however it has created a lot of opportunities and a tripartite collaboration among industry-academia and research can reap these benefits in future ,” she added.
The education minister said this while speaking as chief guest at the online seminar titled “Industry-Academia Linkage: The New Frontier”, arranged by Dhaka Chamber of Commerce and Industry (DCCI) , said a press release.
Journey to the Apex: In conversation with Syed Manzur Elahi
Syed Manzur Elahi, the founding chairman of Apex Footwear Ltd and Apex Tannery Ltd was interviewed by Dr Melita Mehjabeen who is an associate Professor of the Institute of Business Administration at University of Dhaka. Below are excerpts from the interview where the business magnate opens up about topics ranging from his childhood to the challenges of establishing a successful business.
On growing up Our family had a lot of law and judiciary practitioners. My father passed away when I was five. I was practically brought up by my brothers.
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