Month: September 2014

Tofail urges India to remove trade barriers Non-tariff barriers are the key problems for boosting Bangladesh’s export in the South Asian countries despite having duty- and quota-free access facility, a minister and business leaders said. The barriers will continue to hinder the country’s export growth in the region in future unless effective and integrated efforts ... Read more

Rmg Factory Safety Inspection 50pc of Alliance-listed units finish remediation Alliance, a platform of North American brands and buyers, on Wednesday said that remediation work at 50 per cent of garment factories it inspected had been completed at an average cost of Tk 2 crore a unit. The authorities of the garment factories conducted the remediation ... Read more

Bangladesh Bank is likely to ask scheduled banks to keep withhold their recovery of installments of farm loans from the flood-affected farmers in 17 districts for three months to six months during and after the calamity. The BB will issue a circular to managing directors and chief executive officers of all banks in two or three ... Read more

The Dhaka Stock Exchange on Wednesday decided to enlist two companies — Saif Powertec Limited and Ratanpur Steel Re-Rolling Mills Limited. The DSE made the decision at a board meeting presided over by its chairman Siddiqur Rahman Miah. The Bangladesh Securities and Exchange Commission this year allowed the companies to raise capital from the capital market. Ratanpur

The Anti-Corruption Commission on Tuesday dropped charges against 11 government officials, including three secretaries, who had been investigated in three graft cases involving embezzlement of around Tk 395 crore. The officials include energy and mineral resources secretary Abu Bakar Siddique, also former Bangladesh Petroleum Corporation chairman, Anwarul Karim, the additional

Foreign Artistes Coming To B’desh NBR to reject proposal to set fixed income tax The National Board of Revenue has decided to reject a proposal of cultural affairs ministry for fixing tax of foreign artistes at the highest Tk 3.5 lakh on their income derived through performing in Bangladesh, officials said. They said that the revenue ... Read more

The Bangladesh Securities and Exchange Commission on Tuesday banned First Security and Services Limited chief executive officer Kazi Saifur Rahman from any sort of affiliation with the capital market for five years for illegal share trading and price manipulation. The commission also fined Saifur Tk 10 lakh, First Securities

Hallmark Scam Probe Fin min seeks BB opinions on JS body suggestions The finance ministry has sought opinions from Bangladesh Bank about implementation of the parliamentary standing committee’s recommendations those include giving the central bank full regulatory power in the banking sector. The standing committee on the finance ministry, after conducting an investigation into the Hallmark ... Read more

The country’s mobile phone operators and e-commerce business on Tuesday demanded equal business opportunity in the field of mobile financial service from their respective roles. The MFS in the country is at an early stage and finalising the correct approach for the service is crucial for the future, they said in a session on the ... Read more

The country is not ready for the faster data technology like long-term evolution as the proper infrastructure is yet to be developed, said speakers in a session of Commonwealth Telecommunication Organisation conference in Dhaka on Tuesday. The LTE-enabled handsets are very costly and only 3 per cent mobile users currently use such high-end handsets, they said. The ... Read more