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Category: Business

Tax return submission deadline extended by another month

December 1, 2013 editorBusiness, Finance

The National Board of Revenue (NBR) on Saturday extended the deadline for submitting income tax return by another month up to December 31.

finance

Local smartphone market to double in a year

December 1, 2013 editorBusiness, Trade

The current demand for smartphones stands at around 200,000 per month, according to retail estimates.

trade

Harvest of T-Aman paddy progressing fast in Gaibandha

November 30, 2013 editorBusiness, Industry

Harvest of transplanted (T) Aman paddy, a high valued crop, has been progressing fast in all the seven upazilas in the district during the current season.

Essentails prices up

November 30, 2013 editorBusiness, Trade

General strikes and blockades have forced prices northward as is evident from starkly dearer essentials in most markets.

Trading

Extend income tax return deadline till Dec 31: FBCCI

November 29, 2013 editorBusiness, Finance

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Thursday urged the government to extend the deadline for submission of income tax returns by another one month till December 31.

finance

Govt urged to avoid deal with Conoco beyond regular business

November 28, 2013November 28, 2013 editorBusiness, Trade

National Committee to Protect Oil-Gas, Power-Port and Mineral Resources in a statement on Thursday urged the government not to sign any deal with the US-based International Oil Company ConocoPhillips to award a gas block in the Bay.

trade

Banks, tax offices to operate on Friday, Saturday

November 28, 2013 editorBanking, Business

All bank branches and income tax offices will remain open next Friday and Saturday to facilitate the filing of nominations for the upcoming national election on Jan 5.

Banking

Telenor CEO concerned at prolonged political crisis

November 27, 2013 editorBusiness, Trade

A top executive of Norwegian telecommunication giant Telenor says he is worried over protracted political impasse over next election in Bangladesh. Jon Fredrik Baksaas, president and group chief executive of Telenor ASA, which has nearly 55 percent share in Bangladesh’s…

trade

86 gold bars seized in Ctg

November 27, 2013 editorBusiness, Trade

Customs officials and police in separate drives seized 86 gold bars here on Tuesday and Monday night.   Customs officials at Shan Amanat International Airport seized 60 gold bars worth Tk 7 crore from aircraft of Biman Bangladesh Airlines coming from…

trade

Rail movement disrupted as tracks hit by blockade

November 27, 2013 editorBusiness, Transportation

Train services were severely affected across Bangladesh due to disruptive acts on the first day of the countrywide 48-hour Opposition blockade. The BNP and its allies opposed the announcement of parliament elections on Monday and called for a two day…

Transportation

Garments training solve unemployment stressed

November 26, 2013 editorBusiness, Manpower

Speakers in a function here on Monday stressed the need for conducting training on garments among the unemployed youths to solve their unemployment problems to help build a poverty and hunger free country.

`Use modern technologies in brick kilns: RCC Mayor

November 26, 2013 editorBusiness, Industry

Mayor of Rangpur City Corporation (RCC) has called upon the brick kiln owners for using modern technologies in producing bricks to save the environment and climate from pollution and degradation.

Fire at Savar garment storehouses

November 26, 2013 editorBusiness, Industry

Two garment storehouses caught fire at Savar’s Ashulia on the outskirts of capital Dhaka on Monday.

Industry

Maximum use of cultivable land can ensure food security

November 25, 2013 editorBusiness, Manpower

The nation can attain food security through ensuring maximum utilisation of its cultivable land area adopting the latest technologies and newer cropping patterns to produce more crops despite climate change.

17-member Pay and Services Commission formed

November 25, 2013 editorBusiness, Finance

A 17-member Pay and Services Commission, headed by former governor of Bangladesh Bank Dr Mohammed Farashuddin, was formed to assess public servants’ salaries.

finance

Apparel buyers from Spain caught in clash

November 24, 2013 editorBusiness, Trade

A seven-member team of readymade garment (RMG) buyers from Spain were caught in a clash in the city’s Merul-Badda area, said an exporter.   One of the buyers – Walid Samaha – suffered injuries when the attackers vandalised their car during…

trade

World Expo 2020 host to be selected on Nov 27

November 22, 2013 editorBusiness, Trade

The host for the World Expo 2020, which is held after every five years for six months, will be decided on November 27 in Paris through voting.   Dubai is bidding to host the event against Izmir in Turkey, Sao Paulo…

trade

‘Bangladesh electronic payments growing 20-fold’

November 22, 2013 editorBanking, Business

By Bloomberg News Electronic payments in Bangladesh may increase 20-fold over the next five years as mobile-phone transactions increase and the government pulls citizens into the formal financial system, MasterCard Inc. (MA) said.

Banking

Bali WTO meet: Rights groups for free labour movement

November 22, 2013 editorBusiness, Manpower

Rights activists on Thursday urged the government to emphasise free movement of labour in the upcoming WTO ministerial meet to be held in Bali, Indonesia on December 3-6.

Manpower

Minimum wage for RMG workers fixed at Tk 5,300

November 22, 2013 editorBusiness, Industry

The board formed to re-fix the minimum wage for the garment workers on Thursday finalised the new minimum wage structure at Tk 5,300.   At its 10th meeting at the Minimum Wages Board’s office, the wage board also decided to award…

Industry

Tk 21cr migration loan extended for jobs abroad: Muhith

November 20, 2013 editorBusiness, Finance

The Expatriate Welfare Bank has so far provided around Tk  21 crore as ‘migration loan’ to the persons who are willing to go abroad, Finance Minister AMA Muhith told Parliament on Wednesday.

finance

Aman in Sherpur gives an upbeat message

November 20, 2013 editorBusiness, Finance

Fair prices cheer growers as harvesting on Farmers in Sherpur are taking delight at the good yield as well as reasonable market prices of Aman paddy Finance as harvesting of the crop is now on in full swing everywhere in…

finance

Socio-economic uplift of womenfolk stressed

November 20, 2013 editorBusiness, Manpower

Speakers in a function here on Monday stressed the need for socio-economic upliftment of womenfolk and their enhanced participation in overall activities of the country to push forward the nation towards development.

Manpower

B’desh must improve working conditions in RMG industry: ILO

November 20, 2013 editorBusiness, Industry

Improving working conditions in Bangladesh’s readymade garment (RMG) industry is crucial for achieving a sustainable growth in the country maintaining its economic momentum and improve living standards, says a new ILO report.

Industry

Farmers’ food security project to be launched Wednesday

November 20, 2013 editorBusiness, Finance

PROOFS, an innovative project for farmers’ food security, will be launched at Lakeshore Hotel in the capital on Wednesday.   Two private business firms — Metal Seed and Ispahani will sign a Memorandum of Understanding at the launching ceremony to implement…

finance

President requests Malaysia: Recruit more Bangladeshis

November 19, 2013 editorBusiness, Trade

President Abdul Hamid on Monday urged the Malaysian government to recruit more manpower, especially skilled ones, from Bangladesh, saying they would contribute to the economies of both the countries.

Manpower

2 killed, 50 hurt in workers-cops clash in Savar, Gazipur

November 19, 2013 editorBusiness, Industry

At least two people were  killed and 50 othersinjured as garment workers demonstrating for Tk 8,300 minimum wage clashed with law enforcers in Gazipur and Savar, on the outskirts of the capital, Monday.

Industry

Rental power plants need needed for some more time: Muhith

November 19, 2013 editorBusiness, Industry

Finance Minister AMA Muhith on Monday said the country’s rental power plants need to be kept in operation until the power supply situation gets stabilised.

Industry

Travel Agency Bill adopted in JS

November 19, 2013 editorBusiness, Tourism

Parliament on Monday passed Bangladesh Travel Agency (Registration and Control) Bill 2013 by keeping provision for sixth months of jail and Tk 50,000 fine for violating travel agency rules by the agencies.

Tourism

BGMEA briefs Nisha Deshai, requests GSP revival

November 17, 2013November 18, 2013 editorBusiness, Industry

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Sunday requested the US government to withdraw the suspension of GSP facility for Bangladeshi products in the US market.

Industry

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