Business

Apparel exporters on Tuesday asked the bankers to arrange a special loan package including low-interest ‘packing credit’ for giving workers wages and blocking of term loans without any interest for next two years as ongoing political unrest is hindering their business severely. In a view exchange meeting with the chairmen

The National Board of Revenue has fixed the rate of clearing and forwarding agents’ commission on export of some items including jute and jute goods, sacks, bags, carpets, fishes and shrimps for smooth collection of advance income tax on the commission, officials of NBR said. The revenue board last week set the rate

Bangladesh Bank on Tuesday asked scheduled banks to maintain cash reserve requirement and statutory liquidity ratio separately. The BB issued a circular to managing directors and chief executive officers of all banks asking them to follow the new rules from February 1, 2014. The banks are now placing their whole

Bankers say at a seminar The mobile financing can bring rapid changes in the micro credit sector by developing savings, loan disbursement and repayment modules, said speakers at a seminar organised by Microcredit Regulatory Authority on Tuesday. Addressing a seminar titled Mobile Banking in Microfinance Operations at CIRDAP auditorium, representatives from the banks

The Bangladesh Securities and Exchange Commission on Tuesday allowed Matin Spinning Mills Ltd to raise capital worth Tk 126.17 crore through initial public offering at an issue price of Tk 37 including premium of Tk 27 each share. The BSEC made the decision in a regular commission

Dhaka stocks advanced on Tuesday after declining in the previous trading session with significant rise in turnover as the UN move to reach a political consensus to hold the next polls continued to impact on the capital market investors. The turnover of Dhaka Stock Exchange, DSEX, increased to Tk 746.05 crore which was Tk 647.36 crore ... Read more

The Centre for Policy Dialogue on Monday expressed doubt on full implementation of the Bali Package that members of the World Trade Organisation agreed in Indonesia on Saturday as the agreement has no specific timeframe for implementation. At a press conference on ‘Bali outcome of the

Allows banks to appoint individual, NGO, MFI as agent for underserved population Bangladesh Bank on Monday issued a guideline on the agent banking allowing a bank to appoint any individual or NGO or microfinance institution as its agent for providing limited-scale banking services, especially to the poor people. The BB in its guideline said that the ... Read more

The Bangladesh Telecommunication Regulatory Commission has recently issued a directive for introducing local and international commercial toll-free services aiming at call centres, private companies and banks. A toll-free number is an option where the number holder pays for the calls it receives. Callers need not to pay for their calls to a toll-free number.

Krilla says at the launch of Alliance’s Dhaka office The president of Alliance for Bangladesh Worker Safety, a North American retailers’ platform, Jeffrey Krilla, on Monday said that they would complete the inspection of all the garment factories in Bangladesh which produce products for them by mid July 2014. He said speaking at the opening ... Read more

Unpaid Sim Replacement Tax BTRC requested to give opinions on 4 telcos’ CDR data urgently The National Board of Revenue has requested the Bangladesh Telecommunication Regulatory Commission to submit urgently its report on the Tk 3,100-crore SIM replacement tax claimed by the revenue board from four mobile phone operators, NBR officials said. The NBR has ... Read more

Provision Against Stock Losses BSEC allows m-banks, brokerages to keep it in 5 instalments The Bangladesh Securities and Exchange Commission on Monday issued a directive, allowing merchant banks and stockbrokers to keep provision against the losses the firms incurred in 2012 and 2013 in five instalments. The merchant banks and brokerage houses have to keep 20 ... Read more

Dhaka stocks inched down on Monday as some institutional investors went for profit taking sell-offs after the previous day’s rise. The turnover on the Dhaka Stock Exchange, however, increased as investors remained optimistic that the United Nations assistant secretary general’s move might break the current political stalemate. Stocks had gained on Sunday

National flag carrier Biman Bangladesh Airlines on Monday resumed Dhaka-Yangon regular flight after more than six years, said a press release of the airlines. A special flight of Biman left for Yangon on Monday evening with a delegation of businessmen, travel agents and journalists. From now on, every

Smart Technologies (BD) Ltd has brought ‘Microsoft Office 365 Home Premium’ — the most powerful office package in the market of Bangladesh, said a news release. Users will be able to use Microsoft’s Word, Excel, PowerPoint, Outlook, OneNote, Publisher and Access through this package. Besides, 27GB online

Bangladesh Bank and five commercial banks on Sunday agreed to give a rescue package including $50-million loans in easy terms for restoring the business activities of the fire-ravaged Standard Group. Besides, the BB also relaxed the regulations of the loan rescheduling, export retention quota and opening tenure of the letters of credit for the

Misuse Of Carnet Facility NBR asks BRTA not to issue registration to 117 cars The National Board of Revenue has requested the Bangladesh Road Transport Authority not to issue registration to 117 luxury cars brought by tourists mostly foreign nationals of Bangladeshi origin in the country under the carnet de passage facility and sold by ... Read more

Rice price rises too The prices of rice and onion went up on the retail market in the capital due to supply shortage as frequent blockades disrupted transportation across the country. Traders said that the price of rice increased by Tk 1-Tk 2 a kg while the prices of onion touched a record high to ... Read more

The country’s export earning in July-November, the first five months of current financial year 2013-14, increased by 18.46 per cent to $12 billion from that of $9.70 billion in the same period of the FY13. The export earning growth in July-November in the FY13 was 4.36 per cent. According to the data of Export Promotion Bureau,

The move to cause Tk 108cr revenue loss from 2014 The Bangladesh Telecommunication Regulatory Commission has recently slashed the annual licence fee for the international gateway operators by 50 per cent which will cause a Tk 108.75 crore yearly revenue loss of the government, officials concerned said. The BTRC’s latest amendment to the IGW