Business

Experts say at CPD launching of WEF global competitiveness report No adequate measure has been taken to reduce the adverse impact of poor infrastructure, corruption and inefficient bureaucracy on the country’s business environment although the World Economic Forum has been mentioning the problems since 2006, said experts on Thursday. Twenty one per cent businesses in ... Read more

Leather, Home Textiles Exports Under Revised Gsp In Eu Bangladesh faces tough Pak competitions Bangladesh would face strong competitive pressure from Pakistan in exporting home textile and leather to the EU market due to the revised generalised system of preferences scheme of the European Union, experts said at a seminar on Thursday. They, however, said ... Read more

The overall point-to-point inflation slightly came down by 0.13 percentage points to 6.91 per cent in August, thanks to a fall in food prices in the international markets and stable situation in domestic market, according to Bangladesh Bureau of Statistics data released on Thursday. In July, the rate of point-to-point inflation was 7.04 per cent. The data ... Read more

RMG Safety Upgrade IFC to provide $10m in loan to suppliers of VF Corp The International Finance Corporation, a member of World Bank Group, will provide up to $10 million in loan to the suppliers of American clothing corporation VF Corporation in Bangladesh to improve fire and building safety. The IFC and its client BRAC Bank ... Read more

Dhaka stocks remained positive for the fourth trading session on Thursday, the last trading day of the week, as fresh fund injection by investors continued. The key index of Dhaka Stock Exchange, DSEX, closed at 4,642.37 points, adding 0.21 per cent or 9.91 points. Turnover of the bourse increased to

International Fund for Agricultural Development will provide Tk 116.63 crore ($15 million) as grant to Bangladesh for improving living standards and reduce vulnerability of rural poor in five districts in Hoar basins. Economic Relations Division of the finance ministry and IFAD, a United Nations arm, on Thursday signed a financing agreement in this regard at

Organisers of the Bangladesh Denim Expo on Thursday launched an official web portal in a bid to meet deferent information requirements regarding the exposition to be held in November 11-12 in Dhaka. All the information regarding the denim expo will be available at the web site named http://www.bangladeshdenimexpo.com. Initiator of the exposition

Bangladesh Bank on Wednesday said deficiency of corporate governance caused scams at some state-owned commercial and specialised banks resulting an adverse impact on the country’s financial stability. Due to the financial scams and politically motivated loan disbursement, five banks held 54.50 per cent defaulted loan in the banking sector

The inflow or remittance increased to $1,160.06 million ($1.16 billion) in August of the current financial year 2014-15 against $1,005.77 million in the same month of the FY14 as the expatriate Bangladeshis sent increased amount of greenback to their relatives ahead of Eid-ul-Azha which will be celebrated in the first week of October. According to

Foreign investment in readymade garment sector can only be encouraged for backward linkage industry and high value products in order to protect the local business, said speakers at a discussion meeting on Wednesday. The meeting, TexApp Bangladesh 20014, was jointly organised by CEMS Global and The Daily Star on the sidelines of Textech Bangladesh

Global Competitiveness Index Bangladesh advances by one notch to 109th position Bangladesh has progressed one notch forward in Global Competitiveness Index as it secured the 109th position among 144 countries, according to the Global Competitiveness Report published on Wednesday globally and to be released today in Dhaka. In last year, Bangladesh’s position was 110th,

Pharmaceuticals companies engaged in contractual manufacturing will have to pay tax at source at the rate of 10 per cent on their total receipts that they get as service charge for manufacturing products for others, officials of the National Board said. They said that producing products for other pharmaceutical

Dhaka stocks advanced for the third trading session on Wednesday with its key index, DSEX, hitting four-month high. The key index of the Dhaka Stock Exchange rose by 0.65 per cent, or 30.02 points, to finish at 4,632.46 points on the day — the highest after it was at 4,666.41 points on April 28. Market operators attributed ... Read more

Government’s tax collection from the Dhaka Stock Exchange rose by 208 per cent to Tk 20.14 crore in August compared with that in the previous month, thanks to the increased turnover at the bourse, DSE data released on Wednesday showed. In August, the DSE paid Tk 12.65 crore as tax on

The National Board of Revenue on Tuesday sent a proposal to the finance ministry on imposing 1 per cent surcharge on mobile phone talk-time and other services for approval of the cabinet, officials said. They said that the ministry would soon place the summary for the cabinet meeting. The government will have to enact a law for ... Read more

The National Board of Revenue on Sunday turned down a plea of Bangladesh Telecommunication Regulatory Commission seeking exemption from paying tax on its income and asked it to pay tax, officials said. They said that BTRC was asked to pay tax at the rate of 25 per cent on its total income. BTRC has repeatedly declined to ... Read more

Dhaka stocks advanced on Tuesday with the blue-chip index of Dhaka Stock Exchange, DS30, hitting all time high as reduced political tension helped investors in increasing their participation at the trading floor. The blue-chip index of the bourse rose by 1.35 per cent, or 23.31 points, to close at 1,745.99 points, the highest after its inception ... Read more

Bangladesh Bank on Tuesday requested 39 private and foreign commercial banks to extend relief activities for the flood affected people by using their corporate social responsibility (CSR) fund. The central bank issued separate letters to the managing directors and chief executive officers of the 39 banks asking them to submit report by September 11 to the ... Read more

As banks around the world gear up to meet tough Basel III regulatory standards, Islamic lenders face a source of uncertainty that could prove expensive for them — how regulators will treat their deposits, reports Reuters. In most ways, Islamic banks look well-placed to cope with Basel III, which will be phased in across the globe ... Read more

The National Board of Revenue has asked the customs authorities to immediately drive out the outsiders engaged as brokers in different customs houses, mainly in Chittagong Customs House, officials said. The revenue board advised the customs houses to take legal action against the outsiders, locally known as ‘Faltu’, and if necessary take help of law enforcing