Property tax from next year
February 27, 2011
Tax to reduce rich-poor difference: NBR
The government is going to introduce property tax next year, the National Board of Revenue (NBR) said on Sunday.
“The plan is to start collecting the tax from the beginning of 2012-2013 fiscal year, meaning July next year,” NBR Chairman Nasiruddin Ahmed said during a press conference at Read more
‘Unethical practices to come under probe’
February 27, 2011
Stocks Crash
‘Unethical practices to come under probe’
The committee formed to probe the recent share market debacle will investigate matters that are ‘unethical, but not illegal’.
Committee chairman Khondker Ibrahim Khaled said on Sunday they would also make recommendations so that such practices could be avoided in the Read more
SEC reduces margin loan ratio to 1:0.5
November 22, 2010
The Securities and Exchange Commission, in a move to cool down the overheated market, decided on Sunday that investors from now on would get margin loans at the ratio of 1:0.5 instead of 1:1, said SEC executive director Forhad Ahmed.
The capital market watchdog directed the merchant bankers Read more
Telenor CEO due today
November 22, 2010
Telenor Group President and Chief Executive Officer Jon Fredrik Baksaas will arrive in Dhaka today on a three-day visit.
He will join the inauguration of Grameenphone’s newly built head office GPHouse, said a statement.
During his stay here, he will also meet with Finance Read more
Nordic chamber up for launch
November 22, 2010
Nordic companies in Bangladesh will launch the Nordic Chamber of Commerce and Industry (NCCI) tomorrow to form a platform in an effort to promote business between the Nordic countries and Bangladesh.
The chamber aims to improve the business and ethical environment and safeguard new business opportunities Read more
Central bank cell finances 7 private power projects
November 22, 2010
The Investment Promotion and Financing Facility (IPFF) cell of Bangladesh Bank has so far financed Tk 422.30 crore in seven private power plants through its nominated banks and financial institutions since the cell’s inception 4 years back, said the central bank governor.
“These projects generated 178-megawatt power, which was Read more
Political influence, graft persist in banking sector: Muhith
November 12, 2010
Finance minister AMA Muhith on Thursday admitted the existence of persistent political influence and corruption in the banking sector but he claimed that, under the present government, such practices were less than before.
In his speech at a workshop in the city he argued that it was a social Read more
SME policy to be converted into MSME policy to include micro enterprises
November 12, 2010
The Bangladesh Bank will convert the existing SME policy into MSME (Micro, Small and Medium Enterprises) in the next year with a view to bring micro enterprises under the same guideline.
The current Small and Medium Enterprise policy does not have any specific room for the thousands of micro enterprises operating across the Read more
Overheated DSE refreshes record
November 12, 2010
Dhaka stocks finished the week upbeat amid a bull run on the market, with the DSE general index refreshing record on Thursday led by heavyweight Grameenphone and state-owned enterprises, market operators said.
The benchmark index of Dhaka Stock Exchange advanced by 0.35 per cent to close at record 8,187.33 points on the day. The index crossed the 8,100-point mark for the first time Read more
British firm plans to develop Mongla port
November 12, 2010
A UK-based firm yesterday said it plans to invest $794.5 million to upgrade Mongla port into an internationally standard seaport.
James Sutcliffe, chairman of Port Evolution Management Ltd, presented the multi-billion dollar plan for the country’s second largest seaport and its surrounding region at a meeting Read more