Wednesday, August 20, 2025

BUET to oversee Savar tannery estate construction

The government on Wednesday appointed the Bureau of Research, Testing and Consultation to supervise the construction works of the effluent treatment plant and dumping yard at the proposed new tannery estate at Savar. The BRTC under the Bangladesh University of Engineering and Technologies was appointed by the cabinet committee on economic affairs.

No tax on wage earners dev bonds bought before Jul 2011: NBR

The National Board of Revenue has said interest generated from the wage earners development bonds purchased before July 2011would not be taxable. Officials of the NBR said investors would get the waiver irrespective of their date of cashing. The revenue board on Tuesday issued a clarification in

RMG makers unhappy over buyers’ new conditions

Factory Inspection Standard RMG makers unhappy over buyers’ new conditions Garment sector leaders are concerned over the imposition of new conditions in factory inspection standards by the EU and North American retailers’ groups bypassing the decision of the National Tripartite Committee (NTC). Earlier, the two platforms of EU Accord and North American Alliance agreed to adopt ... Read more

Finance ministry now projects GDP growth at 6.5pc

The ministry of finance estimated that the growth of the country’s gross domestic product would not drop below 6.5 per cent in the current fiscal year, said the ministry officials. The macro wing under the ministry was going to submit the provisional assessment before the coordination committee on macro-economy and budget

BSEC tightens rules to curb IPO, rights shares funds misuse

Bangladesh Securities and Exchange Commission on Tuesday tightened the initial public offering and rights shares rules in a bid to curb misuse of funds by the listed companies. The BSEC also withdrew 30-day share selling obligation for the placement shareholders, other than sponsor shareholders or directors, after

Farashuddin, Mustafiz on DSE list of 14 for 7 places

Independent Director Selection Farashuddin, Mustafiz on DSE list of 14 for 7 places The Dhaka Stock Exchange on Tuesday submitted a list of 14 individuals including former Bangladesh Bank governor Farash Uddin Ahmed and Centre for Policy Dialogue executive director Mustafizur Rahman to the Bangladesh Securities and Exchange Commission for choosing seven independent directors of ... Read more

H1 imports rebound by 11pc

The country’s imports increased by 11.59 per cent in the first six months of the current financial year 2013-14 compared with that of a negative growth of 10.72 per cent in the corresponding period of the FY13. According to Bangladesh Bank data released on Tuesday, settlement of letters of credit, or generally known as actual imports, ... Read more

Foreign investment in DSE soars in January

Net overseas investment at the Dhaka Stock Exchange increased by 328 per cent in January compared with the previous month as low priced stocks lured them amid formation of the new government. The net foreign investment in January was the highest after Tk 339.49 crore in June last year, which was all time high foreign investment ... Read more

United Power, Peninsula Hotel IPOs get BSEC nod

Generation Next’s rights shares offer approved The Bangladesh Securities and Exchange Commission on Tuesday approved two initial public offerings, one rights share offer and an open-ended mutual fund. The decision was taken at a regular meeting of the commission presided over by its chairman M Khairul Hossain. The BSEC approved the bidding

Corporate tax to be changed in next FY: Muhith

Dhaka-Mawa expressway soon Finance minister AMA Muhith on Monday announced plans to overhaul the country’s corporate tax structure saying that the existing one was not ‘appropriate’. ‘There will be change in corporate tax structure in the coming fiscal year,’ he said during a meeting with officials of Dhaka Chamber of Commerce and

Govt requests global apparel buyers to raise prices

Commerce minister Tofail Ahmed on Monday urged the global apparel buyers and retailers to raise the product prices in line with the recently enhanced wage for the garment workers with a view to sustainability of the sector. ‘The wage for garment workers has increased by 77 per cent. If the buyers do not raise the prices ... Read more

Sonali to sue Hallmark to recover embezzled money

Sonali Bank board of directors on Monday decided to file a number of cases against Hallmark Group with Artha Rin Adalat and other civil courts in a bid to recover Tk 2,554 crore embezzled by the group. The board made the decision in a meeting and the bank will file a number of cases against the ... Read more

Remittance inflow drops by 8pc in 7 months

The country’s remittance inflow decreased to $8.02 billion in the first seven months of the current financial year 2013-2014 from $8.72 billion during the same period of the FY13 against the backdrop of downward manpower exports during the period. According to Bangladesh Bank data released on Monday, remittance inflow decreased by 8.09 per cent in

Upward run continues for 4th day at DSE

Dhaka stocks advanced for the fourth trading session on Monday with the key index of Dhaka Stock Exchange, DSEX, hitting its fresh high as investors continued to inject fresh fund. DSEX gained 0.81 per cent, or 38.85 points, to close at 4,826.51 points on the day, which is its highest since its launch with 4,055 ... Read more

CPA wants end to long auction process by customs

Container Congestion CPA wants end to long auction process by customs The Chittagong Port Authority has again requested the National Board of Revenue for quick disposal of all auctionable and destroyable goods and containers left abandoned in the port for years, officials of the revenue board said. The port authorities alleged that such congestion which was ... Read more

Refinance scheme application deadline extended for 4th time

Affected Stock Investors Refinance scheme application deadline extended for 4th time The supervision committee for Tk 900-crore government refinance scheme for the affected small-scale investors on Sunday extended for the fourth time the deadline to get loan applications from merchant banks and brokerage houses till March 31. The five-member supervision committee made the decision in a ... Read more

BTRC floats fresh tender for telco audit

Makes ICAB registration mandatory for interested firms The telecom regulator on Sunday floated a fresh tender for auditing the mobile phone companies with a condition that participating firms must have registration of the Institute of Chartered Accountants of Bangladesh. The Bangladesh Telecommunication Regulatory Commission earlier cancelled its previous tender for the same job that was

Banks require no prior BB approval

Collateral Holding For Foreign Loan Banks require no prior BB approval Bangladesh Bank said scheduled banks would not require prior approval from the central bank to hold collaterals on behalf of their overseas bank branches or correspondents in respect of foreign borrowing by local industrial enterprises. To this end, the BB on Thursday issued a circular ... Read more