NBR plans to install software

Often taxpayers complained of selective scrutiny of their tax files. They have a perception that their tax files are intentionally targeted for auditing…

Foreigners to get more facilities in 3 EPZs

The government is going to set up three separate commissionerates for the foreigners working at Mongla, Uttara and Ishwardi Export Processing Zones (EPZs), reports BSS. “These commissionerates will be set up under the supervision of Bangladesh Export Processing Zone Authority (BEPZA),” said…

Dhaka to get duty-free market access for RMG

Russia has assured Bangladesh to provide duty-free and quota-free market access for Ready Made Garments (RMG) products soon. Commerce Minister Tofail Ahmed said this to reporters after having a discussion with a seven-member visiting Russian delegation at Bangladesh Secretariat in Dhaka yesterday. Russia's…

Dhaka to urge UAE to recruit more Bangladeshi workers

Bangladesh is likely to call on UAE to recruit more workers in their 4th Joint Commission meeting due to be held in Abu Dhabi February 5-6 with the main focus on boosting the bilateral relations of the two countries, reports BSS. “The 4th Joint Commission meeting between Bangladesh and UAE will…

Int’l textile machinery expo begins in capital Feb 8

International exhibition on textile and garment machinery will start in the capital Dhaka on February 8 aiming to introduce the entrepreneurs with innovative machineries and transformation of technologies, said a press statement. The 5th edition of the four-day exhibition is jointly organised…

Beef import to destroy local industry: Traders

Claiming that beef import would destroy the leather, dairy and beef industries of the country, the leaders of Dhaka Metropolitan Beef Traders' Association…

Chinese, Russians shore up Middle East tourism

AFP, MADRID: Chinese and Russian visitors boosted Middle Eastern tourism last year following a 2016 slump as Europeans gave the area a wide berth on security fears, according to the World Tourism Organization (WTO). The Mideast region as a whole drew 58 million foreign tourists in 2017 -- a 4.8 per…

Stocks open week up on large-cap vibe

Stocks opened week upward yesterday with rising trend of all indices at Dhaka and Chittagong Stock Exchanges on higher activities of large-cap securities,…

Bonds to get by without a little help from central banks

AFP, PARIS: The rebound of global growth is sounding the death knell for easy money, so debt markets should see the backs of central banks in 2018, although a gradual withdrawal should help avoid a new tantrum sending interest rates spiking. The colossal sums that central banks injected into the…

Saudi Arabia calls for extending non-OPEC cooperation

AFP, MUSCAT: Saudi Arabia’s Energy Minister Khaled al- Faleh yesterday called for extending cooperation between OPEC and non-OPEC oil producers beyond 2018 after a deal to shore up crude prices. “We should not limit our efforts to 2018. We need to be talking about a longer framework for…

First Finance gets new MD

Nazrul Hossain has recently joined in First Finance Limited as the managing director and chief executive officer, said a press statement. He started his…

Abu Naser new DMD of SIBL

Abu Naser Chowdhury has recently joined Social Islami Bank Limited (SIBL) as deputy managing director (DMD), the bank said in a press statement. Prior…

China’s food delivery market grows 23pc in 2017

XINHUA, BEIJING: China’s food delivery market registered fast growth last year as young Chinese are increasingly choosing to order food online, a report showed. The online food delivery market hit 204.6 billion yuan (about 31.9 billion US dollars) in 2017, 23 per cent more than the previous year,…

Yemen govt announces budget after 3-year hiatus

AFP, ADEN: Yemen’s cash-strapped government yesterday released its first official budget since the Huthi rebels overran the capital Sanaa in 2014 and following a bailout from ally Saudi Arabia. Prime Minister Ahmed bin Dagher said spending in the 2018 budget is projected at 1.5 trillion Yemeni…

Qatari delegation to visit Kuwait to enhance trade relations

XINHUA, DOHA: A delegation of Qatari businessmen will visit Kuwait to boost bilateral trade ties, Qatar News Agency reported yesterday. A statement of Qatar Chamber of Commerce and Industry (QCCI) said that a group of 55 Qatari businessmen led by Sheikh Khalifa bin Jassem bin Mohammed Al-Thani, the…

Airbus to get ‘10 years of visibility’ from Emirates deal

AFP, PARIS: A $16 billion deal with Emirates airline for A380 superjumbos will give Airbus “at least 10 years of visibility”, the European manufacturer’s CEO Tom Enders said in an interview published yesterday. Emirates announced the deal on Thursday to buy 36 Airbus A380s - just days…