Month: December 2014

Bangladesh Bank on Monday issued guidelines for the corporate social responsibility with a provision that banks and non-bank financial institutions would face punitive measures if they allocate CSR fund to assist any act of militancy and terrorism and in favour of any entity connected with their directors and management members. The BB issued a circular and ... Read more

Indicative Price Discovery Identical quotation for ACME share by most investors raises syndication suspicion Thirty seven out of the 42 participating institutional investors have submitted identical price quotation (Tk 80) for indicative price discovery of ACME Laboratories under the book building method for initial public offering, raising suspicion of price syndication. The rest five institutional ... Read more

12 Crore Mobile Users Telcos say voice market not yet saturated Country’s mobile phone operators still eye growth opportunities in the voice market despite the fact that the active mobile subscribers in the country have neared 12 crore in a country of 16 crore population. Officials of the mobile phone companies said although the active users ... Read more

Finance minister Abul Maal Abdul Muhith has sought opinion from the National Board of Revenue on giving tax exemption to the small depositors having less than Tk 5 lakh deposits in banks. Muhith on November 18 asked the revenue board to give its opinion on a proposal to waive the small depositors from paying tax at ... Read more

Representatives of energy regulatory bodies of the SAARC countries on Monday agreed to form a common forum to facilitate trans-border energy trade in the region. Bangladesh Energy Regulatory Commission chairman announced the decision taken on the last day of a two-day first SAARC energy regulators’ meeting which

Bangladesh Bank on Sunday reduced the interest rate on farm loan to 11 per cent from 13 per cent after the farmers had showed reluctance to receive agriculture loans from the scheduled banks and non-government organisations due to the high rate of interest. The BB issued a circular to managing directors and chief

Cittagong Port Imported cargo release time to be slashed to 7 days The National Board of Revenue has decided to cut down the existing lengthy time for clearing imported goods at Chittagong port by more than 40 per cent by June 2015 to reduce the cost of international trade, officials said. They said that the revenue ... Read more

Energy regulatory bodies of the SAARC countries are likely to form a common forum to facilitate trans-border energy trade in the region, officials said. The decision is likely to be finalised today at the first SAARC energy regulators’ meeting which began on Sunday at a hotel in Dhaka, they said. ‘We are trying to create a ... Read more

Plantation Employment In Sarawak BMET takes consent of selected workers for Malaysian jobs Hundreds of selected workers for Malaysian jobs started submitting ‘consent papers’ to the manpower bureau office at Kakrail to get employment in plantation sector in Sarawak province of Malaysia, said officials. The workers were gathering at the bureau after getting SMS from Bureau ... Read more

The telecom ministry has asked the telecom regulator to explain the media reports that said that Bangladesh Telecommunication Regulatory Commission topped in the financial irregularities among government agencies, said officials. BTRC officials said the telecom ministry asked to explain and give the regulator’s opinion about such report. The Comptroller and Auditor General,