Shun hartal for sake of business

Urge women entrepreneurs
Women entrepreneurs have urged the country’s two main political leaders, prime minister Sheikh Hasina and opposition leader Khaleda Zia, to seat in dialogue for establishing peace and avoid hartal for the sake of business and economy of the country.
They also called the highest policymakers of the two political

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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

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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,

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Nepal’s 100 items may get duty-free entry to Bangladesh

Bangladesh may give Nepal a duty-free access for 100 of its products, especially vegetables and agricultural ones, as those have a higher demand in Bangladesh, said an official of the commerce ministry of Bangladesh yesterday. On the other hand, Bangladesh sought from Nepal a duty cut on exports of electronics goods, pharmaceuticals and agro-processed food items, said

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Green Delta to sell 10pc stake to IFC

Local insurance giant Green Delta has reached final stages to sell its 10 percent share to the International Finance Corporation (IFC), a wing of the World Bank Group, a top official of the insurer said.
Green Delta’s board approved the proposed subscription of the IFC on Thursday last.
“We’ll issue new shares for the IFC subject to the approval of regulators,”

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Bangladesh emerging as hotspot for suit making

Bangladesh is turning into a lucrative destination for manufacturing high-end formal suits as foreign investment proposals are coming to the sub-sector, with China losing its competitiveness, industry insiders said. The foreign brands are either sourcing the suits, formal jackets and trousers for men and women or establishing joint ventures in Bangladesh to tailor the

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CSR and a new order of business

From being seen as mere philanthropy and ‘doing good’, corporate social responsibility is now at the heart of business sustainability and ethical and accountable corporate behaviour
Bitopi Das Chowdhury
CSR or corporate social responsibility has been a buzz phrase for quite some time now. Not a day goes by without it being mentioned, albeit in passing, in daily business discourse. Even during the last decade, CSR was looked upon by big businesses as “doing good” — something that was “extra” to their day-to-day effort of profit maximisation, a great public relations (PR) tool to generate empathy among their customers and favouritism from the powers that be. Not anymore.
Companies today realise

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Investors must keep it in stocks till June ’13: NBR

The National Board of Revenue on Tuesday said the investors must keep the undisclosed money invested in stocks till June 2013 to avail the opportunity of legalising it by paying 10 per cent tax.
The board in an order issued on Tuesday said the holders of undisclosed money would have to invest it in the capital market between July 1, 2011 and June 30, 2012 to avail the opportunity of

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World Cup brings business to Nurul Islam

Nurul Islam, a 50-year-old carpenter, is piling on the extra hours in his small shop at the outpost of Keraniganj to meet the rising demand for cricket bats. While it is already well into the cricket season in the country, the advent of a World Cup at home has only fuelled the demand. Hence, Islam is now calling in two of his school-going sons to work with him in his shop after

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