News

Commerce Minister Tipu Munshi today said the state government of Mizoram wants to establish border huts and land port along border to boost trade as well as commerce and improve the communications system with Bangladesh.

The Bangladesh Securities and Exchange Commission has widened areas of inquiry into the acquisition of GSK Bangladesh by Unilever, BSEC officials said.

A total of 1,042 readymade garment factories, which gave discounts up to 10 per cent on export value for buyers amid the COVID-19 outbreak, would have to get approval by March 31 from the Bangladesh Bank’s discount committee for non-repatriation of the proceeds.

Defaulted loans of the NBFI stood at Tk 1,900 crore as of December last year

The Trading Corporation of Bangladesh (TCB) started “Pre Ramadan selling of commodities and Special Operations” programme from March 17 marking the centenary birth celebration of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman and the golden jubilee of independence.

Two more wind power plants- one in Chandpur and another at Inani Beach, Cox’s Bazar-are likely to be awarded soon as the government wants wind energy to be poured into the national grid power to ensure a better power supply in the country.

A local online Core Banking Solution (CBS) software named ‘Florabank’ made a record by digitizing more than 1000 branches of state-run Bangladesh Krishi (Agriculture) Bank with around 1.5 crore of accounts.

Once the Matarbari Port comes into operation, it is expected that the sea port will contribute two to three percent in the growth of the national economy.

Value-added tax at the rate of 15 per cent will be applicable on fees and charges collected against various export-import permits and clearance certificates mainly issued by the Plant Quarantine Wing of the Department of Agricultural Extension under the agricultural ministry.

The scope for banks to gain higher returns by investing in government securities — treasury bills and bonds — has significantly shrunk in the recent months.