The Financial Reporting Council (FRC) has lodged a complaint to the authorities concerned that some accounting bodies of the government were bypassing it when preparing laws, rules, and standards. Established in 2017 to regulate auditors, chartered accountants, cost accountants and actuaries in the country, the FRC also requested the authorities …
Read More »Govt approves 192 new posts, 8 new offices for DIFE
The government has recently approved a total of 192 new posts and eight district offices for the Department of Inspection for Factories and Establishments to ensure effective labour inspection in the country. Out of 192 new posts, the government approved 99 inspector, 23 assistant inspector general, 11 deputy inspector general …
Read More »Dragon fruit cultivation gaining ground
People in Bangladesh once barely knew about dragon fruit, also called pitaya, but it is gradually making its way into the fields by winning the hearts of farmers all over the country through its immense popularity. In fiscal 2020-21, farmers grew pitaya on 695 hectares of land to bag 8,660 …
Read More »Courier, logistics sectors demand business-friendly law
The entrepreneurs of Courier and Logistics services today demanded of the government for enacting a business-friendly Mailing Operator and Courier Service Development and Regulatory Authority Act-2022. They came up with the call at the second meeting of the Standing Committee on Logistics and Courier Services held at FBCCI in the …
Read More »Chattogram now world’s 64th busiest seaport
The Chattogram seaport has became the 64th busiest port among the top 100 container ports across the world. The ranks have been detected in terms of annual container handling in 2021, according to Lloyd’s List, one of oldest shipping journals in the world. In 2020, the port held the 67th …
Read More »Light engineering industry needs govt policy support: businesses
Light engineering sector does not have enough government policy support to boost the country’s export revenue chain at post-LDC graduation period, according to experts and businesses. They said that the existing global demand for light engineering goods was worth approximately over $ 7 trillion and if the sector got proper …
Read More »ICDs for consensus on service charge hike
Facing criticism for unilaterally raising a service charge last week, private inland container depots (ICDs) have decided to hold discussions with stakeholders first before hiking rates of their other facilities. Through a notice on August 11, Bangladesh Inland Container Depots Association (Bicda) increased the charge for a service involving the …
Read More »Banks instructed to campaign for bringing back laundered money
Bangladesh Bank (BB) has instructed the country’s scheduled banks to launch a campaign to encourage Bangladeshi nationals to send home the undisclosed money they earned abroad by paying only 7 per cent taxes. The campaign will be in accordance with the recently made ‘Income Tax Ordinance’ aimed at bringing back …
Read More »Govt to launch fresh offshore bidding round in December
The government will invite the offshore bidding round 2022 in December to explore oil and gas in the Bay of Bengal. Petrobangla Chairman Nazmul Ahsan disclosed the plan in an exclusive interview with the Daily Sun. “We have already assigned an international consultant, Wood Mackenzie, to review the existing model …
Read More »Bangladesh’s export to grow with 98pc duty-free market access: China
The duty-free treatment of 98 per cent tariff lines goods will help Bangladesh to further increase its export to China, says the Chinese Embassy in Dhaka on Tuesday. State Councilor and Foreign Minister Wang Yi during his recent visit to Bangladesh, announced that the duty-free treatment of 98 per cent …
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