Business

IGWs reluctant to pay Tk 112cr in late fees

The international gateway operators have continued to defer the payment of Tk 112 crore late fees, due for four years, after the regulator once again recently asked them to pay the money…

September 30, 2016 · 0 comments · Business
A file photo shows the office of the erstwhile Board of Investment, which has become the Bangladesh Investment Development Authority (BIDA) after merging with Privatisation Commission, in Dhaka. BIDA has submitted a set of proposals to National Board of Revenue for attracting investment. — New Age photo

BIDA asks NBR to address 10 issues to promote investment

Bangladesh Investment Development Authority (BIDA) has requested the National Board of Revenue for addressing 10 issues including formation of a permanent committee related to customs duty structure and removing disparity…

September 30, 2016 · 0 comments · Business
Planning minister AHM Mustafa Kamal speaks at a seminar on ‘role of banks in e-GP and way-forward’ organised by planning ministry in Dhaka on Thursday. — New Age photo

Maintaining confidentiality, scraping bank charges for e-GP urged

Participants at a seminar on Thursday said bank charges on electronic-government procurement (e-GP) should be withdrawn with a view to make the process a successful one and bring more transparency in public money spending…

September 30, 2016 · 0 comments · Business

FBCCI calls for halt in ongoing strike at Ctg port

The Federation of Bangladesh Chambers of Commerce and Industry on Thursday expressed its deep concern as export products in Chittagong port were not being released on schedule due to ongoing strike called by an organisation of owners and workers of container vehicles…

September 30, 2016 · 0 comments · Business
India, Pakistan stocks bleed after Kashmir strikes

India, Pakistan stocks bleed after Kashmir strikes

Share markets in India and Pakistan slumped on Thursday after India said it had conducted ‘surgical strikes’ on suspected militants preparing to infiltrate from Pakistan-ruled Kashmir, escalating tensions between the nuclear-armed neighbours, reports Reuters…

September 30, 2016 · 0 comments · Business

Stocks rise as turnover soars to Tk 680 crore

Dhaka stocks increased marginally on Thursday, the second trading session in a row, with the turnover hitting fresh eight-month high riding on investors’ increased participation on the trading floor…

September 30, 2016 · 0 comments · Business

BlackBerry to outsource handsets, will halt production

BlackBerry announced Wednesday it would halt in-house production of smartphones, marking the end of an era for the once-dominant Canadian tech firm…

September 30, 2016 · 0 comments · Business

Tofail seeks increased RMG price in global market

Commerce minister Tofail Ahmed Thursday sought higher price of Bangladeshi RMG products in global market in view of increased expenditures in the industry that ensured enhanced wages and safety standards…

September 30, 2016 · 0 comments · Business

Indonesian workers protest tax amnesty

Thousands of workers rallied Thursday in the Indonesian capital Jakarta against a controversial government scheme to raise revenues that, critics claim, has allowed wealthy tycoons to avoid paying tax….

September 30, 2016 · 0 comments · Business

From robots to websites, British firms curb spending due to Brexit

Heavy machinery whirrs and clanks on the factory floor of precision metalworking firm Robert Bion & Co, where a planned three-meter robotic arm would have been speeding up output by now, if Britain had not voted to leave the European Union…

September 30, 2016 · 0 comments · Business
Faruk becomes BCSIR chairman

Faruk becomes BCSIR chairman

Md Faruk Ahmed, an additional secretary, joined Bangladesh Council of Scientific and Industrial Research as chairman, said a news release…

September 30, 2016 · 0 comments · Business

GP observes Customer First Day

Grameenphone Ltd celebrated its customer first day with over 700 students and teachers at the Dhaka Residential Model College in Dhaka on Thursday, said a news release…

September 30, 2016 · 0 comments · Business

Samsung washing machines now face safety problem

Samsung Electronics, which is already reeling from a global recall of its Note 7 smartphones, said on Thursday it is in talks with a US watchdog to address potential safety problems related to some of its washing machines…

September 30, 2016 · 0 comments · Business

Asian, European stocks rally after OPEC agreement

Energy firms led a rally in Asian and European stock markets Thursday, while high-yielding currencies advanced after OPEC’s shock agreement to cut oil output sent crude prices soaring…

September 30, 2016 · 0 comments · Business

OPEC agrees shock oil output cut

OPEC shocked markets with a deal to cut oil output after kingpin Saudi Arabia allowed bitter rival Iran to be exempted, but analysts warned Thursday the move would not likely have a lasting impact…

September 30, 2016 · 0 comments · Business

MARKET DISCLOSURES

As per regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the company has informed that a meeting of the board of directors will be held on October 06 at 5:00pm to consider, among others, audited financial statements of the company for the period of 18 months from January 01, 2015 to June 30, 2016….

September 30, 2016 · 0 comments · Business
Centre for Policy Dialogue executive director Mustafizur Rahman speaks at a report launching programme in Dhaka on Wednesday. CPD additional research director Khondaker Golam Moazzem was also present, among others. — New Age photo

GLOBAL COMPETITIVENESS INDEX: Bangladesh moves up 1 notch in slow progress

Bangladesh has moved up one notch to rank 106th among 138 countries in the Global Competitiveness Index in 2016 mainly on better performance in basic requirements such as infrastructure and institutions but the country is stuck in lower-end segment of the index…

September 29, 2016 · 0 comments · Business

APG recognition to help attract more FDI: BB

Foreign investors will choose Bangladesh more for foreign direct investment and portfolio investment in the capital market as its achievement in containing money laundering and terror financing has been recognised by the Asia Pacific Group, said Bangladesh Bank deputy governor Abu Hena Mohd Razee Hassan…

September 29, 2016 · 0 comments · Business
A file photo shows clients conducting banking activities at a branch of a bank in Dhaka. The home ministry has asked Bangladesh Bank to take initiative to set up auto lock system at all branches of the scheduled banks to strengthen the security of the banks. — New Age photo

Home asks BB to set up auto lock system at bank branches

The home ministry has asked Bangladesh Bank to take initiative to set up auto lock system at all branches of the scheduled banks to strengthen the security of the banks…

September 29, 2016 · 0 comments · Business

New VAT law to be implemented from next FY at any cost: JS body chair

Chairman of the parliamentary standing committee on finance Md Abdur Razzak on Wednesday said that the government would implement the new value-added tax law from next year at any cost even though the businesses were creating resistance to it…

September 29, 2016 · 0 comments · Business

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