Business

MediaAxis chief executive officer Rabeth Khan has been named in the jury board of the inaugural Asia’s Most Promising Brands and Leaders, an event that took place in Dubai on August 26-27. Rabeth is the first ever individual from Bangladesh to be selected as a jury from Bangladesh for one of the leading brand award ... Read more

Stock Refinance Scheme Supervision committee finalised The three-member supervision committee to be formed to manage the Tk 900-crore capital market affected small investors’ assistance fund has got its members as the Bangladesh Bank on Thursday proposed name of its representative for the committee. Earlier the Bangladesh Securities and Exchange Commission and the Investment Corporation of Bangladesh ... Read more

Dhaka stocks inched down on Thursday, the last trading session of the week, amid a declining turnover due to profit-taking moves by the investors. The benchmark general index of the Dhaka Stock Exchange, DSEX, lost 0.11 per cent, or 4.65 points, to close at 4,127.48 points. The blue chip index of the bourse,

A memorandum of understanding was signed between the Dhaka Chamber of Commerce and Industry and the Bangladesh Association of Software and Information Services on Thursday to promote DCCI’s project aimed at creating new entrepreneurs. DCCI president M Sabur Khan and BASIS president AKM Fahim Mashroor signed the MoU on behalf of their respective organisations.

A three-day trade fair titled ‘Trade in Bangladesh’ began at the Putra World Trade Centre in Kuala Lumpur on Thursday with a view to boosting Dhaka-KL trade. Former prime minister of Malaysia Tun Abdullah bin Haji Ahmad Badawi inaugurated the fair as the chief guest, said a press release. Switzerland and

The Bangladesh Bank purchased dollars worth $738 million in the first 58 days of the current fiscal year as it continues its effort to keep the value of taka stable against the greenback amid stagnant business situation in the country resulted from the ongoing political unrest, said BB officials. The central bank started to intervene ... Read more

Hits Rs 68.80 against dollar, Rs 1 equals Tk 1.12 The rupee on Wednesday closed further to the Bangladesh currency taka as the Indian currency plunged to a fresh low of Rs 68.80 against the US dollar. The rupee, which lost 3 per cent against the dollar on Tuesday plunged by another 3.86 per cent ... Read more

The number of active mobile phone subscribers in the country reached 10.69 crore in July as the mobile operators added more than 19 lakh new subscribers in the month maintaining the uptrend since the turn of the year. The companies witnessed a sharp fall in their businesses for three consecutive months from October to December ... Read more

NBR Tax Card Award Almost same taxpayers making list for last 3yrs The National Board of Revenue is going to award 20 individuals and 20 corporate taxpayers tax cards in recognition of their paying of highest income tax in the fiscal years 2010-2011 and 2011-2012, NBR officials said. The NBR will hand over tax cards, ... Read more

Bangladesh is set to sign an agreement to re-establish air connectivity with Myanmar today. ‘We will sign the final agreement with Myanmar tomorrow,’ civil aviation minister Faruk Khan told the news agency on Wednesday. Faruk Khan said signing of the deal would cement

The Insurance Development and Regulatory Authority has so far issued five licences out of the total 11 newly approved insurance companies in the country. Protective Life Insurance Company Ltd and Zenith Islamic Life Insurance Company Ltd received the licence on August 21 after completion of hearing

The WiMAX operators in the country could offer LTE or long-term evolution services, the latest broadband technology for mobile communication, as the telecom regulator has proposed to amend the Broadband Wireless Access licensing guideline, said officials. They said the regulator — Bangladesh Telecommunication

Telenor will invest less than $2 billion in building its telecoms operation in Myanmar, its chief executive said on Wednesday, the day the country’s state media reported the parliament had passed a telecoms bill, paving the way for licensed international firms to operate, in the latest move to open the potentially lucrative mobile market. ‘It ... Read more

Preparation of biometric database for the garment workers at Ashulia is progressing at snail’s pace as the factory owners are showing little interest to the direction of the Bangladesh Garment Manufacturers and Exporters Association. A total of 132 factories, out of around 300 located

The National Board of Revenue has decided to create a tax policy pool consisting of a panel of taxmen to cope with the best practices in international taxation and prevent tax evasion by multinational companies, NBR officials said. ‘NBR officials, in general, are not capable to tackle tax

Bangladesh Garment Manufacturers and Exporters Association is preparing a list of garment factories that are non-operational and existing only on paper as international buyers have been putting pressure to ensure an effective inspection system. Following the tragic blaze in Tazreen Fashions on

FY 2013-14 Govt borrows Tk 4,334cr from commercial banks in 44 days The government borrowed Tk 4,333.97 crore from the commercial banks in the first 44 days of the current financial year, according to the latest BB data released on Monday. The government, however, repaid Tk 920.39 crore to the central bank in the period ... Read more

The National Board of Revenue will hold annual income tax fair in all 64 districts for the first time this year to motivate eligible persons to pay income tax and raise awareness among the people, officials of the NBR said. The week-long fair, forth in its kind, will take place in September 16-22 in all ... Read more

A global coalition of the world’s major churches is to launch a campaign to press for better rights for Bangladeshi garment workers in the run up to Christmas and the winter sales, reports UK-based Ekklesia. The campaign will be launched on September 5 to mobilise church members especially in the UK, the US and Canada ... Read more

The Investment Corporation of Bangladesh has moved to merge ICB AMCL First Mutual Fund with Bangladesh Fund, BSEC officials said. They said the ICB took the move after it had got approval from the Bangladesh Securities and Exchange Commission to turn ICB AMCL First Mutual