22Feb
14Feb
Database on bond defaulters on card
SUMMARY: An initiative to develop a database on defaulters of bond has been taken by the Bangladesh Securities and Exchange Commission in order to keep a record of it. CONTENT: The Bangladesh Securities and Exchange Commission (BSEC) will redraft the Debt Securities Rules 2021 so as to incorporate...
14Feb
Four Firms get nod to invest abroad
Summary: Four private business entities have received permission from Bangladesh Bank to invest $10 million in foreign countries which will be a leading step towards worldwide marketing of local products. Content: Among the permitted companies are- Square Pharmaceuticals, Renata Pharmaceuticals Ltd, BSRM Group and Columbia Garments. Square Pharmaceuticals Limited...
14Feb
Bangladesh to revise Double Taxation Treaties
Summary: The tax authority of Bangladesh has taken measures to redraft the existing DTAA in order to assimilate it with advanced protocols. The DTAA (Double Taxation Avoidance Agreement) simultaneously guarantees that an individual does not have to pay tax twice in two countries and also that...
24Jan
Bangladesh Shipping Corporation is going to procure six ships
Bangladesh Shipping Corporation (BSC) has plans to procure six ships -- two mother bulk carrier ships, two mother tankers and two mother product oil tankers -- to meet the growing demand for transportation services. BSC has already taken up a project to procure the six...
17Jan
Georgia ratifies the UN Convention on International Settlement Agreements Resulting from Mediation
The United Nations Information Service (UNIS) Vienna via a recent Press Release dated 04.01.22, announced that Georgia ratifies the United Nations Convention on International Settlement Agreements Resulting from Mediation also known as the "Singapore Convention on Mediation" with the deposit of the instrument of ratification...
05Jan
BSEC asks 64 firms to comply with adequate capitalization
Summary: BSEC has requested plans from 64 companies on how they intend to meet the compulsory minimum paid-up capital of 300mn as per the listing regulation of the Dhaka Stock Exchange and to be saved from being transferred to the SME platform. Content: Earlier in September 2021, the...
05Jan
International Oil Corporation will enjoy Vat Exemption again
Summary: The International Oil Corporations involved in mineral oil and gas exploration, extraction and production under the product sharing contract with Petrobangla will now be enjoying Vat exemption under specific conditions. Content: The Bangladesh government is trying to facilitate International trade and Foreign Investment in Bangladesh. For this...
26Dec
City Bank offers hassle-free ‘Nano-Loan’ with Bkash
Summary: Eligible Bkash customers with no actual bank account can now procure easy-terms loans with bkash app and repay with 9% annual interest under the new initiative of the City Bank. Content: BKash customers, who are eligible, can now utilise the bKash app to request for a loan...
26Dec