Bangladesh has taken an initiative to identify the services sectors having export potentials and possibilities in getting preferential market access from the developed countries under services waiver scheme of the World Trade Organisation. At a meeting with the stakeholders to gather information about the services are being currently exported, identify potentials,
Month: May 2013
NBR to consider Tk 115cr expense of m-banks, stock brokers tax-free
The National Board of Revenue may consider the Tk 115.06 crore as tax-free allowable expense for merchant banks and brokerage houses that they would waive to the small investors from interest on loans, officials concerned said. They said that in a letter in last week the finance ministry
Tax holiday for 2 more years: Muhith
Agri sector may get Tk 9,000cr subsidy Finance minister AMA Muhith on Monday said the sectors that had been enjoying the tax holiday facility would enjoy it for another two years. ‘The sectors that have been enjoying the tax holiday facility up to this fiscal (FY 13) will enjoy it up to FY 2015. Later, ... Read more
DSE moves to appoint consultant for demutualisation
The Dhaka Stock Exchange on Monday decided to float tender for appointing a consultant for demutualisation of the bourse. The decision of floating the tender for consultant — a merchant bank or any foreign investment bank — was made at a DSE board meeting
Dhaka stocks rally for 3rd day
Dhaka stocks advanced for the third trading session on Monday with turnover hitting its highest in 48 days as investors became optimistic following the government’s move to refinance the merchant banks and brokerage firms to implement compensation scheme for small-scale investors affected by the stock market crash in 2010.
DCCI, RJSC team up to ease registration process
Dhaka Chamber of Commerce and Industry and Registrar of Joint Stock Companies and Firms signed a memorandum of understanding on Monday with a view to facilitating the business registration process through the formation of a helpdesk that will be launched on the DCCI premises shortly. DCCI president M Sabur Khan and RJSC registrar (additional secretary)
Bankers for credit scoring for SMEs
Senior bank officials at a seminar in the city on Monday stressed introducing a credit scoring for small and medium enterprise sector in a bid to improve its operational efficiency. They observed that a scoring model on SME loans will enable quick disbursement of finance and accelerate the growth of the country’s SME sector,
Chamber for Bangladesh, Philippines businesses launched
A new chamber named Bangladesh-Philippines Chamber of Commerce and Industry has been formed to promote trade between the two countries. Philippines ambassador Bahnarim Abu Guinomla was present at the launch at a city hotel on Monday. Rashed Maksud Khan has been named the founder president
Biman restores its connectivity with Hong Kong
Biman Bangladesh Airlines has restored its connectivity with Hong Kong by reinitiating its Dhaka-Hong Kong-Dhaka direct flight on Monday. Starting from 1992, Hong Kong had been in Biman’s network until the last September when the national flag carrier had to suspend its flights to Hong Kong
BCB hopeful of DPL in June
The Bangladesh Cricket Board said it is confident of starting the Dhaka Premier League in June after it held a successful meeting with the representatives of the clubs on Monday. BCB president Nazmul Hasan attended the meeting, which discussed some new formats including the introduction of a new payment method for the players
BOA yet to publish official medal list
More than two weeks have already gone past since the eighth Bangladesh Games ended but the Bangladesh Olympic Association could not publish the official medals tally yet. The technical committee of the Games could not publish the official medals table as they are yet to get the final results of Karate and wushu disciplines.
Five players added to Nat’l squad
The Bangladesh Football Federation added five players to the preliminary squad for the forthcoming UK tour, officials said on Monday. Goalkeeper Ziaur Rahman, defender Yameen Ahmed Chowdhury Munna, midfielders Alamgir Kabir Rana and Shadedul Alam Shahed and striker
N’ganj hits the jackpot
Epyllion Group to provide the DFA Tk 75 lakh for football Apparel manufacturing company Epyllion Group has agreed to provide Narayanganj District Association Tk 75 lakh over the next three years to develop their football, it was announced at a press conference on Monday. An agreement was signed in this regard as part of which
New wage board for RMG workers
The government is going to form a new wage board by next week to recommend an acceptable minimum wage for the country’s readymade garments (RMG) workers. “The board will make recommendations on new wages after discussing the issue with the stakeholders within three months,” said jute and textiles minister Abdul Latif Siddiqui, at a press ... Read more
Religious radicals worsening pre-poll situation: Taranco
The rise of social-religious elements like Hefazat-e-Islam is ‘exacerbating’ the situation in Bangladesh in the lead up to the general elections, observed the visiting United Nations Assistant Secretary General for Political Affairs, Oscar Fernández-Taranco. “It will complicate the situation further ahead of the general elections,” he was quoted as saying by a senior Foreign Ministry
Cyclone ‘Mahasen’ may hit Ctg; special measures taken
The port city of Chittagong and the sea city of Cox’s Bazaar have taken special measures to face the cyclone ‘Mahasen’. The Chittagong district administration held an emergency coordination meeting today (Sunday) for making the necessary preparations to avert human casualties and loss of properties if Cyclone ‘Mahasen’ hits Chittagong. Chittagong district deputy commissioner
Sharif poised to form Pakistan govt
Pakistani election winner Nawaz Sharif was in talks Sunday to form a new government, as US President Barack Obama said Washington was ready to work with Islamabad ‘as equal partners’. Obama welcomed the “historic, peaceful and transparent transfer of civilian power” in Pakistan, where Sharif’s two biggest challenges are likely to be fixing the shattered ... Read more
No alternative to dialogue: Dipu Moni
There is no alternative to dialogue between the government and opposition for holding the next general elections in a credible manner, and to get rid of the ongoing violence in the country, Foreign Minister Dr Dipu Moni told foreign diplomats on Sunday. She also said that the sooner the dialogue was held the better it ... Read more
Talks could solve political crisis, says Speaker
Speaker Dr Shirin Sharmin Chowdhury on Sunday said a solution to the current political impasse centering the election-time government could be found through talks. “The two major political parties of the country are sincere about holding talks over the poll-time government; the venue and details of the dialogue are yet to be determined,” she told ... Read more
Jamaat leader Yousuf arrested, sent to jail
The International Crimes Tribunal-1 (ICT-1) on Sunday sent senior Jamaat-e-Islami leader AKM Yousuf to prison over allegations of crimes against humanity. The three-member tribunal, headed by its chairman Justice ATM Fazle Kabir, is expected to hear Yousuf’s appeal petition on Monday. The tribunal passed the order