Insurance Development and Regulatory Authority has further extended the deadline for aspirants to submit applications for getting licences to set up insurance company under the new rules. An IDRA press release on Wednesday said that the authorities have extended the deadline to April 30. Previously the last date to submit
bangladesh
Telecom ministry wants SIM tax cut
The ministry of telecommunication has recommended reduction in SIM tax in the upcoming fiscal budget to boost mass users’ penetration, said officials. They said the ministry already sent a proposal to trim the value added-tax at Tk 200 from the existing Tk 600 to relieve the small operators from
Dutch coaches to take charge on May 15
Dutch coach Lodewijk de Kruif and his assistant Rene Koster will take charge of the Bangladesh national football team on May 15, one-and-a-half months ahead of original schedule, the Bangladesh Football Federation announced on Wednesday. The date was brought forward as Bangladesh are scheduled
Bangladesh fall short again
Rumana Ahmed fought hard but could only delay the inevitable as the Bangladesh women’s cricket team suffered a 46-run defeat against their Indian counterparts in the second one-day international in Ahmedabad on Wednesday to concede an unassailable 2-0 lead in the three-match series. In reply to India’s score of 256-6, Bangladesh
Fire breaks out at DB office
A fire broke out in the Detective Branch office in the capital city’s Minto Road on Tuesday. The fire originated from a short circuit and spread to at a room of the DB bomb disposal unit at about 2:30pm, said fire service station manager Shafat Hasan. On information, three fire fighters’ units doused
Export earnings beat political turmoil in March
Post 10.16pc growth in first 9 months of FY 2012-13 The country’s export earnings post a healthy growth in March despite political turmoil in the country, taking the overall export growth in first nine months of the current fiscal to 10.16 per cent. The export earnings in March grew by 16.20 per cent compared with ... Read more
Sri Lanka urged to ease process for medicine export from Bangladesh
Foreign minister Dipu Moni on Monday urged Sri Lanka to ease the process for Bangladeshi pharmaceutical companies to export their products to the island country. She made the request during a meeting with Sri Lankan health minister Maithripala Sirisena at her office. Sirisena is on a three-day visit to Bangladesh from April 8.
Salma’s valiant knock goes in vain
The Bangladesh national women’s cricket team came agonisingly close before falling short again as their Indian counterparts registered a five-wicket win to go 1-0 up in the three-match ODI series in Ahmedabad on Monday. The Bangladeshi eves rode on the back of a fine knock from
Trade, industry priority areas of cooperation
The second joint commission meeting between Bangladesh and Vietnam emphasized on bilateral trade and industrial investment to enhance economic cooperation between the two friendly countries. At the end of the two-day meeting of the commission on Sunday, finance minister AMA Muhith said that the joint initiatives to boost bilateral trade
Local manufacturers demand duty rise on motorcycle import
Motorcycle manufacturers and exporters on Sunday demanded that the National Board of Revenue should increase supplementary duty on import of complete knock down (CKD) and complete built unit (CBU) motorcycles to 60 per cent from 30-45 per cent to protect the local manufacturing industries. At a pre-budget discussion with the NBR,
Vietnam to consider duty facility for Bangladeshi SME products
Vietnam industry and trade minister Vu Huy Hoang on Sunday said they would specially consider the duty facility issue for exporting Bangladeshi SME products to Vietnam. ‘The Vietnamese government will put in its efforts regarding the facility under the WTO (World Trade Organisation) framework,’ Hoang said during a meeting with industries
Telenor to invest in Bangladesh 3G mobile facility: Norwegian minister
Norwegian trade minister Trond Giske on Sunday said Telenor would invest more in Bangladesh, especially in the 3G (third generation) mobile facility through Grameenphone. He also showed interest in investing in shipbuilding, ship-recycling and oil and gas sectors. Trond Giske, who is leading an 18-member trade delegation,
Local businesses urge Vietnam to import pharmaceuticals
Bangladeshi entrepreneurs on Sunday urged the visiting business delegation from Vietnam to invest in Bangladesh and import pharmaceuticals from the country. They said that Bangladesh had developed a strong pharmaceutical sector and was exporting quality drugs to at least 87 countries.
Lack of marketing policy major problem for insurers: experts
Lack of marketing policy is the major problem for insurance companies in Bangladesh, experts said in Dhaka on Sunday. Managements of insurance companies spend a small amount of money for advertisement which is a key marketing tool for business promotion, they observed.
Stocks decline amid poor turnover
Dhaka stocks declined on Sunday as the turnover recorded a significant fall. Although most of the companies gained on the day, the fall of shares prices of the companies with large paid-up capitals orchestrated the fall. The turnover of the bourse declined to Tk 114.34 crore,
Retail businesses passing through tough time
Retailers are passing through tough time as sales at their shops have almost halved due to the current political unrest and frequent general strikes, shop owners said. They said most of the small businessmen were forced to meet their operational cost with capital fund in recent weeks as they had failed to make any profits ... Read more
DCCI for tax waiver for new entrepreneurs for 3 years
Compulsory tax likely on trade licencees: NBR The Dhaka Chamber of Commerce and Industry on Saturday demanded a tax waiver for new entrepreneurs for at least three years as an incentive for new businesses which would also help in employment generation in the country. At a pre-budget discussion with the National Board
Take poverty cut programme
PM urges insurance companies The prime minister, Sheikh Hasina, has called upon the insurance companies to undertake poverty eradication programme through the industry as she assured that her government would provide necessary support to this end. ‘The insurance industry can play a very important
Aspirants may get more time for application submission
The government is likely to extend further the deadline for submission of applications until April 30 for the insurance companies for getting their fresh licence, said officials concerned. Last week, the Insurance Development and Regulatory Authority extended the deadline until April 15 from March 31 as some insurers had requested the authorities
Stocks plunge for second week on political turmoil
Dhaka stocks continued to plunge for the second week as investors went for sell-offs amid political unrest and poor dividend declaration by banks. Last week, DSEX, the benchmark general index of Dhaka Stock Exchange, lost 4.72 per cent, or 173.80 points, to close at 3,507.86 points.