Month: November 2014

About 4,000 garment workers of five companies have been passing through hardship for last couple of months as they were not getting their wages and dues as per the law. The companies are Doreen Fashions Ltd, LA Fashions, Ha-meem Sportswear Ltd, Tuba Group and Amco Fashions Ltd. Labour rights groups alleged that the authorities

The local and foreign investors are yet to get back their confidence which is a major challenge for the economic growth of the country, said the Metropolitan Chambers of Commerce and Industry on Tuesday in its first quarter economic review of the current fiscal year. The MCCI review published on the day said that in

The National Board of Revenue has formulated draft rules to give service providing agencies access to its online database so that the agencies can verify the authenticity of taxpayer’s identification numbers of the service seekers, officials of the NBR said. They said a committee of the NBR had already submitted the draft rules to the revenue ... Read more

The government will close two types of prize bonds — Tk 10 and Tk 50 denominations — permanently on January 31, 2015. Only the prize bonds worth Tk 100 will be valid after the period. The BB issued a circular to executive directors and general managers of all its branches and managing directors of scheduled ... Read more

All kinds of taxpayers including individuals and proprietors will have to pay tax at source at the rate of 3 per cent on total value of local letters of credit for procuring products from domestic markets, the National Board of Revenue said. In a clarification issued on Sunday, income tax wing of the revenue board said ... Read more

The Bangladesh Securities and Exchange Commission on Tuesday rejected proposals of four companies to issue rights shares as the investors got insufficient time to judge the performance of entities which were listed with the major bourse in last one year. The companies, Bangladesh Building Systems, Central Pharmaceuticals, Mozaffar Hossain Spinning Mills and JMI Syringes

The Bangladesh Securities and Exchange Commission on Tuesday allowed United Power Generation and Distribution Company to raise Tk 237.60 crore from the capital market — 13 days after penalising the company, its issue manager and auditor for providing inappropriate information in its financial statement. The BSEC allowed UPGD to offload shares through the

Dhaka stocks advanced on Tuesday amid investors’ optimistic purchasing as share prices of many companies came down notably in recent downtrend. The key index of Dhaka Stock Exchange, DSEX, increased to 4,934.78 points, adding 0.40 per cent or 20.07 points. As prices of stocks became lucrative following fall

An Asia-Pacific summit on Tuesday endorsed a Beijing-backed route towards a vast free trade area in the region, host Xi Jinping said, calling it a ‘historic’ step. At the same time the Asia-Pacific Economic Cooperation meeting saw a flurry of diplomatic activity, with Russia’s president Vladimir Putin—often criticised by the

Bank and Financial Institutions Division of the finance ministry has recently appointed Shaikh Aminuddin Ahmed as the chairman to the board of directors of Bangladesh House Building Finance Corporation. Aminuddin, who started his career as a banker in 1966 after completing Masters in Economics, began his new responsibilities on Tuesday, said a news release. As a banker ... Read more

Accord on Fire and Building Safety, the platform of EU buyers and brands, has developed a fire safety manual for the existing readymade garment buildings suggesting installation of automatic fire alarm and sprinkler systems. The manual, revealed on Tuesday, suggested for creating fire compartments using fire resistant walls and floors, providing at least two exits and ... Read more