Business articles


425 businesses take online VAT registration so far

425 businesses take online VAT registration so far

DHAKA, -Under the new VAT Law 110 more business establishments took online VAT registration in the last one week taking the total number of online registered enterprises to 425 up to March 21, reports BSS. “We’ve given online VAT registration to 315 businesses under Large Taxpayer Unit (LTU) in a special arrangement before the informal […]

Stocks inch up despite lower transaction

DHAKA, -Stock markets closed on Tuesday marginally up despite lower transaction on higher activities of some large-cap securities, reports BSS. Bank and engineering were the major advancing sectors while the major lagging sectors included financial institutions, textile and insurance. DSEX, the major index of DSE, added 21.54 points at close to finish the day at […]

Empire 2.0? Commonwealth eyes post-Brexit trade boost

LONDON,  – With Britain on the brink of triggering its EU exit talks, the country and its historic trading partners in the Commonwealth are sizing up an opportunity to boost business, reports BSS. Members in the 52-state organisation, which was born out of the British empire, feel the time is right to exploit their common […]

Discussion with the author on her book held at IUB

The School of Liberal Arts and Social Sciences of Independent University, Bangladesh (IUB) organized an in-depth interactive discussion session with the author Dr. Tamina M. Chowdhury on her book “Indigenous Identity in South Asia: Making claims in the colonial Chittagong Hill Tracts” at its permanent campus in Bashundhara, Dhaka, says a press release. Along with […]

164 businesspeople get CIP status

DHAKA: A total of 164 businesspeople got CIP status in export and trade categories for outstanding performances in their respective fields in 2013, reports BSS. Commerce Minister Tofail Ahmed handed over the CIP (commercially important person) cards among the awardees at a function held at Radisson Hotel here today. Of the awardees, 125 received the […]

IUB signs Microsoft Education Agreement

Being the first ever private university in Bangladesh, Independent University, Bangladesh (IUB) has signed Microsoft Education Agreement with Tech One Global (Pvt) Ltd while the signing ceremony was held on Monday at the permanent campus of IUB in Bashudhara, Dhaka. This initiative will establish a strong partnership with Microsoft in empowering IUB through digital transformation. […]

Bankers asked to attain professional skills

RAJSHAHI, – Senior bankers asked their newly recruited colleagues to gain professional skills as it is inevitable for attaining success in the banking sector for overall socio economic development of the region, reports BSS. They urged them to make their banking activities clients- friendly so that they get benefits of the banking services. They were […]

Toshiba dives on nuclear woes, S&P warns over rating

TOKYO,  – Shares in troubled conglomerate Toshiba dived again Friday as Standard & Poor’s warned it may cut its credit rating while a possible saviour of the Japanese firm’s loss-hit nuclear unit reportedly ruled out any rescue deal, reports BSS. Investors have sliced more than 20 percent off its Tokyo-listed stock this week as Toshiba, […]

Banglalink to face punishment for false SIM info: BTRC

DHAKA: Mobile phone operator Banglalink would face legal steps if it is found guilty of providing false information during SIM registration, reports BSS. Bangladesh Telecommunication Regulatory Commission (BTRC) is looking the issue seriously following the arrest of the official and vendors of Banglalink, a subsidiary of Netherlands based global telecommunication provider VimpelCom Limited, with fake […]

Asian markets extend global rally on Trump relief

HONG KONG,  – Asian markets pressed ahead with a global rally on Monday following another record close in New York as traders welcomed Donald Trump’s promise of details on tax reform and his softer tone on China and Japan at the weekend, reports BSS. Shares soared at the end of the week after the new […]

Bangladesh Gas Fields Company Ltd earns net profit

The 61st Annual General Meeting of Bangladesh Gas Fields Company Ltd (BGFCL) held on February 09, 2017 at ‘Bangladesh Shooting Sports Fedaration’, Shooting Complex, Gulshan-1 Dhaka-1212. Nazimuddin Chowdhury, Chairman, BGFCL Board and Secretary, Energy & Mineral Resources Division presided over the meeting, says a press release. BGFCL is the largest state-owned natural gas producing company. […]

Revival of handloom, jute, textile and cottage goods stressed

RAJSHAHI, – Chamber leaders and industrialists here mentioned there is a need for holistic approach towards revival of handloom, jute, textile and cottage goods for bolstering economic condition of the region, reports BSS. They viewed ensuring business-friendly atmosphere is very important to encourage local entrepreneurs for revitalizing the sector. Time-fitting measures should be taken to […]

Detailed survey needed to exploit potentials of blue economy: Speakers

DHAKA,  – Speakers at a seminar today observed that the government must take an initiative to conduct detailed surveys and proper documentation for exploiting maximum benefits by utilizing the ocean resources properly, reports BSS. They observed this while addressing a seminar titled “Environmental Study by Visual Documentation of all Aspects of Blue Economy for Future […]

Detailed survey needed to exploit potentials of blue economy: Speakers

DHAKA,  – Speakers at a seminar today observed that the government must take an initiative to conduct detailed surveys and proper documentation for exploiting maximum benefits by utilizing the ocean resources properly, reports BSS. They observed this while addressing a seminar titled “Environmental Study by Visual Documentation of all Aspects of Blue Economy for Future […]

Monetary policy seen realistic

DHAKA: Leading economists, business leaders and bankers today observed that the monetary policy announced recently by the Bangladesh Bank is time-befitting and realistic in view of maintaining the trend of already gained economic progress and projecting achievable targets for the financial year 2016-17 (FY17) , reports BSS. The central bank announced the Monetary Policy Statement […]

UCB launches electronic booth

United Commercial Bank Ltd (UCB) launched electronic booth named UCB Express on 30 January 2017 at Rupgonj, Narayangonj. Chairman of UCB M A Sabur inaugurated UCB Express, a press released said. UCB Express is a new digital service point ensuring end to end service except direct cash dealing for the first time of its nature […]

Economic Watch: Made by China in America wins big stateside

BEIJING: Chinese companies in the United States are replacing their “Made in China” label with “Made by China,” and are doing well out of the move, with many jobs created, reports BSS. Earlier this month, railcar-maker China Railway Rolling Stock Corp (CRRC) was awarded a contract to provide 120 subway trains for Boston, following a […]

Stocks continue to slide as major sectors dip

DHAKA,  – Both the Stock markets were down further on Monday with all the indexes sliding down as most of the major sectors closed lower while daily transactions were declining, reports BSS. Among the falling major sectors were travel and leisure, textile, mutual fund, engineering and food and allied when 197 securities of the large-cap […]

Southern EU nations gather in Lisbon as storm clouds gather

LISBON: Leaders of seven southern European Union nations meet in Lisbon on Saturday to forge a common approach to deal with Britain’s looming exit from the bloc and the new protectionist administration of US President Donald Trump, reports BSS. The mostly centre-left leaders taking part in the gathering-the second by southern EU leaders in four […]

Huge customers’ flow at Walton Pavilion at DITF

Walton Mega Pavilion at the ongoing month-long 22nd Dhaka International Trade Fair (DITF)-2017 has been experiencing huge customers’ flow for the last couple of days. The sales executives of Walton pavilion are passing very busy hours to deal with the enormous numbers of buyers of electronics and electrical appliances. But, they were happy with sound […]

Islami Bank awards scholarships to 800 meritorious students

Islami Bank Bangladesh Ltd awarded scholarships to 8 hundred underprivileged meritorious students, a press released said. Dr. Moshiur Rahman, Advisor, Economic Affairs to Prime Minister of the Government of Bangladesh, distributed scholarships and academic materials among the students through ‘Islami Bank Scholarship Program- 2017’ at Krishibid Institution Auditorium, Dhaka on Saturday, Saturday as Chief Guest. […]

Wall Street stocks finish dramatic week with a whimper

NEW YORK,  – Wall Street finished a dramatic week with a whimper Friday, with stocks finishing near flat following a report showing sluggish US growth in the fourth quarter, reports BSS. Analysts said the market was still digesting gains from earlier in the week, including the Dow’s surge Wednesday above 20,000 points. US growth came […]

Citi launches app-based login solution

DHAKA,  – Citi announced today the launch of MobilePASS, a new digital solution that eliminates the need for corporate users to carry physical tokens for logins, according to a statement of the US-based bank, reports BSS. MobilePASS is an app-based soft token that enables users to leverage their own smartphones to generate dynamic passcodes without […]

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Yahoo delays sale of core business to Verizon

SAN FRANCISCO – Yahoo said Monday its $4.8 billion deal to sell its core internet assets to US telecom titan Verizon has been delayed several months. The closing originally set for this quarter has been pushed into next quarter due to “work required to meet closing conditions,” the California online pioneer said in a statement, […]

Aims to begin new era in producing hi-tech appliances in 2017

Walton Distributors Conference

World’s latest technology based fridges, LED televisions, laptops and air conditioners are going to be added in the current year (2017) to the existing models of those appliances of Walton brand. In addition, the country’s electronics giant planned to manufacture wide ranges of hi-tech products like compressors, computer motherboards and mobile phones. In fact, Walton […]