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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, bus...

Will leave business if tax anomalies not removed: Syed Nasim Manzur He criticises ‘hostile’ taxation system Staff Correspondent 19th April, 2021 09:05:16 Country’s entrepreneurs are subjected to a ‘hostile’ taxation system which is detrimental to boosting local and foreign investments, Managing Director of Apex Footwear Ltd Syed Nasim Manzur has said. Investors are facing stepmother-like behaviour from the authorities concerned, he said, adding that although an industrialist suffers losses, he/she will not be exempted from the tax under the current system.  Nasim Manzur made the r...

Speakers for tapping FDI potentials in agro processing, light engineering, blue economy 160 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 ...

Lobby trading partners for duty benefit after LDC graduation Apex MD Syed Nasim Manzur suggests at virtual discussion Star Business Report Star Business Report Bangladesh should lobby its major trading partners, including China, Japan, India and the European Union, to safeguard duty privileges for export growth once it leaves the group of least developed countries (LDCs), believes a leading entrepreneur. By 2050, the Asian region will possess 50 per cent of the world's wealth and Bangladesh should also focus more on its markets like China, Japan and...

As a major player in the garments sector, Bangladesh has been severely affected by the coronavirus fallout. Primarily, the supply of raw materials to local garment factories was disrupted when China—Bangladesh's main source for such goods—halted all shipments between March and April due to the coronavirus outbreak. But despite all the gloom and doom, Bangladesh's apparel exporters hope for brighter days ahead with the arrival of a Covid-19 vaccine that would save both lives and businesses. They also look forward to fresh investments that would help add to their nearly $750 billion contrib...