DHAKA: Bangladesh Garment Manufacturers and Exporters Association (BGMEA) demanded exemption of tax at source on the export of apparel products for the next three years. Also, they presented 11-point demand which includes reduction of corporate tax from 12 to10 per cent. BGMEA

DHAKA: Prof Dr Md Nazmul Hasan has been appointed the chairman of Islami Bank Bangladesh Limited. Board of directors of the bank appointed him chairman, at a meeting Tuesday (April 17), said a press release sent to media at the night. In the evening, Arastoo Khan resigned from the

DHAKA: Islami Bank Bangladesh Ltd Chairman Arastoo Khan has resigned Tuesday (April 17). He placed the resignation letter, at a meeting of the board of directors of the bank. He showed personal reason as the cause of resignation .   Meanwhile, photo of Arastoo was found removed

DHAKA: A special court of Dhaka sentenced five former officials of Oriental Bank Ltd to 68-year jail term each, in 4 separate cases filed over mishandling loans. The convicts are—Shah Md Harun, Abul Kashem Mahmudullah, Mahmud Hossain, Kamrul Islam and Bazlur Rahman. Each of the

DHAKA: Anti-Corruption Commission (ACC) questioned mobile banking business organization ‘Rocket’, a sister concern of Dutch-Bangla Bank Ltd (DBBL) over illegal money transfer and laundering. On Sunday (April 15), ACC quizzed Saiful Islam, SAVP & Head of FID section of DBBL. 

DHAKA: Berger ‘Club Supreme’ has been launched through a grand event at the International Convention City Bashundhara, Dhaka on Wednesday (April 4).  The auspicious launching program of Berger ‘Club Supreme’ took place with the participation of selected eminent dealers from

DHAKA: GDP growth of Bangladesh will increase to 7.65 percent for the fiscal year of 2017-18, said Planning Minister AHM Mostofa Kamal Tuesday (April 3). The minister disclosed the matter at a meeting of ECNEC (The Executive Committee of National Economic Council), at NEC conference

DHAKA: The government has decided to reduce the Cash Reserve Ratio (CRR) for commercial banks by one percent, said Finance Minister Abul Maal Abdul Muhith. The decision was made in meeting between finance minister Muhith and Bangladesh Association of Bankers (BAB) in city’s

DHAKA: Finance Minister Abul Maal Abdul Muhith said all the government organizations have to deposit 50 percents (of their credits) to the state banks, as per a new decision.  “Creating capital market is the greater challenge of the banking sector. A small group will be appointed

Green Delta Capital Limited (GDCL) has signed a mandate on March 27 with Baraka Shikalbaha Power Limited (BSPL) where GDCL will act as Mandated Lead Arranger to raise short term financing and issuance of Preference share for BSPL. Md. Rafiqul Islam, Managing Director & CEO of Green

DHAKA: Minhaj Mannan Emon, managing director of BLE Securities Limited, has been elected as the shareholder-director of Dhaka Stock Exchange (DSE). The vote casting was held from 10:00am to 4:00pm at DSE boardroom on Tuesday (March 20). A total of 220 out of 256 voters voted in the

Three Baltic States Lithuania, Latvia and Estonia are a place for a strategic business location for Asians. One may ask me why? First of all, the geographic locations, secondly member of EU, Schengen, thirdly Euro as a common currency, fourthly access to the whole European market, and the

DHAKA: Asia's largest budget airlines 'AirAsia' has announced its lowest fare to travel Australia for Bangladeshi passengers.  The offer will be applicable for Dhaka-Kuala Lumpur-Sydney and Dhaka-Kuala Lumpur-Melbourne route. Bangladeshi students and middle income

DHAKA: Finance Minister Abul Maal Abdul Muhith expressed skepticism about sending back the Rohingya refugees to their homes in Myanmar. “I’m suspicious about sending back the Rohingyas”, he said. The minister said that arrangement should be initiated to rehabilitate the

KATHMANDU: Users of electronics and electrical appliances of Nepal has praised the ‘Made in Bangladesh’ labeled Walton appliances for the unique quality and design at the five-day long ‘4th Bangladesh Expo-2018’ in Kathmandu, Nepal.  Under the Walton brand, mobile phones and

DHAKA: Bangladesh Bank’s Executive Director Ahmed Jamal was promoted to the post of Deputy Governor. The ministry of public administration issued a notification regarding this Thursday (March 2).  Jamal was appointed the deputy governor based on agreement following his

DHAKA: The Appellate Division of the Supreme Court stayed the High Court order against the decision of National Board of Revenue (NBR) to freeze the bank account of mobile operator Robi Axiata Ltd on accusation of evading Value Added Tax (VAT). Consequently, the reasoning of NBR to

DHAKA: Ending all speculations, the capital market regulatory body Bangladesh Securities and Exchange Commission (BSEC) is set to approve the Chinese consortium as a strategic partner of Dhaka Stock Exchange (DSE).  BSEC held an urgent meeting in this regard in its Agargaon office in

DHAKA: As the country’s young generation is very much interested to develop their career in the ICT (Information Communication and Technology) sector, they need proper guidelines and opportunities of work. Keeping things in mind, BASIS organized the 'ICT Carrier Camp' on

DHAKA: On the second day of BASIS Soft Expo-2018, a seminar titled ‘Freelancer Conference’ was held at the celebrity hall of Bangabandhu International Conference Center in Dhaka on Friday afternoon (3:00-5:00pm). BASIS director Delwar Hossain Faruk moderated the seminar where a lot of