BB eases rules on loans to exporters

SUMMARY  The Bangladesh Bank (BB) eased conditions on single borrowers and large loan exposure limits. Restrictions will not apply in case of credit facilities provided to the government or against government guarantees. The circular will come into force immediately, according to a circular issued by the...

HYBRID SEMINAR ON VAT, TAX & CUSTOMS DISPUTES

Under the new Budget, shareholding percentage has been amended for amalgamation. Now shareholders holding at least 75% (previously 90%) of the value of shares in the amalgamating company (which now includes foreign companies, where there is foreign shareholding in a Bangladeshi company) become shareholders of...

Setting up an Uniform Dollar Rate

Summary  Due to several interrelated variables, including increase in imports, increase in international travels, moderate exports and a decline in remittances, the value of US dollar is rising high in Bangladesh which may put an inflationary pressure on Bangladesh. Content  The exchange rate of dollar has suggested the...

SEMINAR ON INFRASTRUCTURE CONSTRUCTION & ENGINEERING DISPUTES

Number of Complex construction disputes involving infrastructure projects is rising. Responsibility of the employer and the bidder and successful tenderer in conducting a pre-bid feasibility study of the project site is often confusing as the tender document often does not clearly address the issue. If...

Parliament passes Finance Bill with Corporate tax slashed by 2.5%

Summary: Parliament passed some much-debated provisions regarding the Finance Bill 2022, to grant legal cover to a new national budget which should have been more welfare-oriented in the crisis time than growth-centric. Content: In the new fiscal measures the amnesty for whitening offshore movable assets and a cap...

Kazakhstan ratifies the Singapore Convention on Mediation

With the deposit of the instrument of ratification at the UN Headquarters in New York, Kazakhstan becomes the tenth State Party to the United Nations Convention on International Settlement Agreements Resulting from Mediation, also known as the "Singapore Convention on Mediation". The ratification by Kazakhstan...
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