Business

Likely to request BSEC to review the decision Trading right entitlement certificate holders of the Dhaka Stock Exchange are likely to request the Bangladesh Securities and Exchange Commission to review charge hike on them. DSE sources said the TREC holders were dejected by the increase of charges on them after the demutualisation of the bourse on ... Read more

Revenue earnings by the National Board of Revenue fell short of target by Tk 1,438 crore in the first five months of the current financial year 2014-15 mainly because of failure in collection in value-added tax, officials said. Though the customs and income tax wings of the NBR achieved its respective revenue collection target in July-November ... Read more

Disbursement of foreign loans and grants increased slightly in the first five months of the current fiscal year of 2014-2015 while the commitments made by international lenders and development partners dropped significantly in the period, officials of the Economic Relations Division said. They said that the disbursement increased by $15.46 million

DCCI urges government The Dhaka Chamber of Commerce and Industry on Wednesday urged the government to take measures to restore investment-friendly environment for domestic and foreign investors in the country. The newly-elected president of the DCCI, Hossain Khaled, along with its board members made the request at a media meet held at the trade body’s office ... Read more

The National Board of Revenue has asked the Bangladesh Securities and Exchange Commission to submit advance income tax for the year 2015-2016 as per the government’s budget measures for the current fiscal year. The government in the budget for the current fiscal year imposed 25 per cent tax on income of 29 autonomous authorities including two ... Read more

Bangladesh Bank on Wednesday said the government for the first time would issue Islamic investment bonds with tenure of three and six months from January 1. The BB issued a circular to managing directors and chief executive officers of all scheduled banks and non-bank financial institutions saying that only Shariah-based

Dhaka stocks dipped for the second trading session on Wednesday, the last trading session of the week, with declined turnover as investors opted to go slow amid rise in political tension. The key index of the bourse, DSEX, finished at 4,823.57 points, shedding 0.31 per cent or 15.06 points on the day. Major political party BNP’s ... Read more

Bangladesh Bank on Monday issued guidelines for the corporate social responsibility with a provision that banks and non-bank financial institutions would face punitive measures if they allocate CSR fund to assist any act of militancy and terrorism and in favour of any entity connected with their directors and management members. The BB issued a circular and ... Read more

Indicative Price Discovery Identical quotation for ACME share by most investors raises syndication suspicion Thirty seven out of the 42 participating institutional investors have submitted identical price quotation (Tk 80) for indicative price discovery of ACME Laboratories under the book building method for initial public offering, raising suspicion of price syndication. The rest five institutional ... Read more

12 Crore Mobile Users Telcos say voice market not yet saturated Country’s mobile phone operators still eye growth opportunities in the voice market despite the fact that the active mobile subscribers in the country have neared 12 crore in a country of 16 crore population. Officials of the mobile phone companies said although the active users ... Read more

Finance minister Abul Maal Abdul Muhith has sought opinion from the National Board of Revenue on giving tax exemption to the small depositors having less than Tk 5 lakh deposits in banks. Muhith on November 18 asked the revenue board to give its opinion on a proposal to waive the small depositors from paying tax at ... Read more

Representatives of energy regulatory bodies of the SAARC countries on Monday agreed to form a common forum to facilitate trans-border energy trade in the region. Bangladesh Energy Regulatory Commission chairman announced the decision taken on the last day of a two-day first SAARC energy regulators’ meeting which

Bangladesh Bank on Sunday reduced the interest rate on farm loan to 11 per cent from 13 per cent after the farmers had showed reluctance to receive agriculture loans from the scheduled banks and non-government organisations due to the high rate of interest. The BB issued a circular to managing directors and chief

Cittagong Port Imported cargo release time to be slashed to 7 days The National Board of Revenue has decided to cut down the existing lengthy time for clearing imported goods at Chittagong port by more than 40 per cent by June 2015 to reduce the cost of international trade, officials said. They said that the revenue ... Read more

Energy regulatory bodies of the SAARC countries are likely to form a common forum to facilitate trans-border energy trade in the region, officials said. The decision is likely to be finalised today at the first SAARC energy regulators’ meeting which began on Sunday at a hotel in Dhaka, they said. ‘We are trying to create a ... Read more

Plantation Employment In Sarawak BMET takes consent of selected workers for Malaysian jobs Hundreds of selected workers for Malaysian jobs started submitting ‘consent papers’ to the manpower bureau office at Kakrail to get employment in plantation sector in Sarawak province of Malaysia, said officials. The workers were gathering at the bureau after getting SMS from Bureau ... Read more

The telecom ministry has asked the telecom regulator to explain the media reports that said that Bangladesh Telecommunication Regulatory Commission topped in the financial irregularities among government agencies, said officials. BTRC officials said the telecom ministry asked to explain and give the regulator’s opinion about such report. The Comptroller and Auditor General,

The government has imposed an 11-day ban in October each year on catching all kinds of fish in the rivers and estuaries of 14 districts in the country along with four hilsa spawning grounds for ensuring safe breeding of mother hilsa. The fisheries and livestock ministry on November 27 imposed the ban through amending the Protection ... Read more

Bangladesh Securities and Exchange Commission is set to sign a memorandum of understanding with Indian Securities and Exchange Board for greater cooperation in diverse areas including tackling the market manipulation and insider trading, a senior finance ministry official said. The signing is expected to take place sometime in January 2015

The Bangladesh Telecommunication Regulatory Commission is amending the relevant rules to bar the partner-based promotional campaigns of the mobile phone companies, said BTRC officials. In a draft amendment of the Interim Directive on Marketing and Promotion, a new clause has been added to bar the telecom companies from promoting their offer paring with partners from other