Month: August 2014

Operators demand tax relaxation, policy revision The consumers have no trust on mobile operators as they do not the get the required support from operators, said Bangladesh Telecommunication Regulatory Commission chairman Sunitl Kanti Bose. At a daylong workshop, organised by global association of telecom operators GSMA in cooperation with Association of Mobile Telecom Operators of Bangladesh,

Banks must keep more capital against RWA Bangladesh Bank has formulated draft guidelines on risk-based capital adequacy ratio in a bid to implement Basel-III from the next year by raising scheduled banks’ capital bases. Banks will have to implement the new guidelines on capital arrangement in five years. Under the guidelines, banks will have to ... Read more

Bangladesh Bank on Sunday relaxed settlement policy of foreign letters of credit for the importers of unrefined edible oil, oil seeds, crude sugar and unground wheat. The BB issued a circular to the authorised dealer branches of all scheduled banks saying that refiners and millers will not have to settle payment against foreign

Dhaka stocks finished negative for the third trading session on Sunday as investors sold off shares, mostly small capitalised companies’ shares. Market operators said buying of shares of some large capitalised companies by a section of investors, however, saved the market from a significant fall.

Share prices of two companies — BEXIMCO and BSRM Steels — have continued to increase abnormally in recent times despite the fall in profits of the companies in January-June period. Following queries from the Dhaka Stock Exchange regarding unusual price hike, the companies on Sunday separately informed the bourse that there were no undisclosed price

Officials blame lack of equipment, manpower The country’s telecom regulator is yet to start drive outside Dhaka for collecting mobile phone operators’ service quality information after nine months of issuing directive in this regard, said BTRC officials. The Bangladesh Telecommunication Regulatory Commission officials said the regulator was only conducting test drive in Dhaka and its

Dhaka and Ankara will hold exclusive talks in the Turkish capital on Tuesday on a draft of a bilateral Free Trade Area agreement to be signed by the two countries, prepared by the commerce ministry in Bangladesh. A five-member delegation, headed by additional secretary of the commerce ministry, Monoj Kumar Roy, will visit Ankara from August ... Read more

The National Board of Revenue has widened the scope of amortisation benefit on different fees for mobile phone operators, according to a circular issued by the NBR. The revenue board on Thursday issued the circular in line with the amendment of the Income Tax Ordinance-1984 as part of the budgetary measures for the

Rules Under Labour Act Government misses 3rd deadline for finalisation The government has again failed to finalise rules under the labour act by the time it promised as the third deadline ended on July 31. Labour ministry officials said now they were working on the draft targeting the month of September. A source involved with the ... Read more