Business Report Bangladesh Bank (BB) is going to release 100 percent cotton paper ‘Uv Curing Varnish’ Taka 100 note on March 7 aimed at strengthening the security features of the high value currency. The measurement of the new note is 140 x 62 millimeter and the new note will be available at BB’s Motijheel branch […]
Business
UAE firm to open business centre in Dhaka
Business Report The United Arab Emirates (UAE) will set up a business centre in Dhaka for potential UAE-based investors and entrepreneurs, who intend to do business in Bangladesh. This was disclosed by COE OnTime Group Waleid Bin Abdulkareim, of the UAE, when he led a three-member UAE delegation to call on Prime Minister’s Adviser on […]
Bangladesh imposes tax on Facebook, YouTube ads
Business Report The government has decided to collect 15 percent value added tax or VAT from the advertisements on internet platforms like Facebook and YouTube, reports bdnews24.com The authorities have not been collecting any tax from the Bangladeshi advertisers of the virtual world until now. The government moved recently to collect the taxes following a […]
ICC praises Bangladesh achievements in attaining MDGs targets
Business Report International Chamber of Commerce Chairman Paul Polman said China and Bangladesh are major contributor to the achievement of the MDGs (millennium development goals) globally, said a press release. The ICC Chairman who is also Chief Executive Officer of Unilever, while addressing a reception hosted by ICC Bangladesh in Dhaka late on Sunday, observed […]
Dhaka-Moscow to sign MoU for better trade
Business Report Commerce Minister Tipu Munshi today said Bangladesh and Russia would sign memorandum of understanding (MoU) for better and expansionary bilateral trade, reports BB on Tuesday last. The minister revealed this after a meeting with Russian Ambassador to Bangladesh Alexander Ignatov at his secretariat office. Bangladesh and Russia have been maintaining longstanding economic and […]
Non-performing loans soared over four times in last seven years
Business Report Default loans have shot up over four times in the last seven years suggesting that the buildup is going on unabated causing big erosion in the banking system. To speak precisely it shot up by 26.38 percent or to Tk 19,608 crore by the end of December 2018 from Tk 22,644 crore by […]
NBR ready to put ban on import of chemicals by Old Dhaka business firms
Business Report The National Board of Revenue chairman Mosharraf Hussein said he would take immediate steps to ban import https://www.weeklyholiday.net/files/index_php/category/business/page/of chemicals by old dhaka firms if the government so desire to dry the source of building stocks in the crowded old city. he also suggested such companies may be banned from opening letters of credit […]
Unusual share price at DSE misleading investors
The Dhaka Stock Exchange (DSE) management and the regulator- Bangladesh Securities and Exchange Commission (BSEC) are consistently failing to stop unusual rise in share prices of some companies despite strong surveillance supposedly watching trading on the floor. SEC’s failure is noticeable and yet the government is not bringing change at the top of the regulatory […]
Siemens to build LNG power plant in Payra
Unb, Munich The Power Division of Bangladesh and Siemens of Germany on Friday initialled a joint development agreement for the construction of a 3,600MW LNG power plant at Payra in Bangladesh. The document was signed following a meeting of Siemens CEO Joe Kaeser with Prime Minister Sheikh Hasina at the Sheraton hotel in Munich, Germany […]
Development budget to be revised upwards instead of slashing downsize
Business Report The Planning Ministry last week approved the revised annual development plan at an inter-ministerial meeting with proposal for pushing most sectoral allocations upward instead of reducing it like the previous years. The new proposals call for an 11 percent increase in allocations to meet demand for higher growth. Accordingly the Revised annual development […]
