26Dec
21Nov
Congratulations to our client, Dr. Saiful Khandaker, for having company listed on the NASDAQ
We congratulate our client, Dr. Saiful Khandaker, a financial technology (Fintech) pioneer, for launching a company on the NASDAQ Stock Exchange as the first Bangladeshi. He is the founder and CEO of Fintech Ecosystem Development Corporation, a Special Purpose Acquisition Company (SPAC) that went public on...
09Nov
Law on the anvil to refund excess Tax
Summary: The long-awaited Income Tax Act 2022 will come into effect soon after presenting the draft to the Cabinet along with the proposal of e-Tax Management system. Content: The National Board of Revenue has finalized the draft Income Tax Act 2022 which incorporates domestic pricing and anti-avoidance rules...
08Nov
Far Chemical to merge with SF Textile
Summary: Far Chemical Industries, a Concern of FAR Group, has decided to merge with SF Textile Industries along with the physical shifting to the second one’s own land at Rupganj, Narayanganj. Content: Far Chemical Industries Limited is a textile chemical-based industry, situated in Comilla EPZ, producing all types...
02Nov
Install more scanners at the airport
Summary: The BGMEA requested the government to provide several facilities regarding the cargo business including the repair of the EDS machines in the Hazrat Shahjalal Airport at Dhaka. Content: At the urge of Bangladesh Garments Manufacturers and Exporters Association (BGMEA), the government is going to repair the explosive...
02Nov
Saiham Cotton receives Tk 420mn insurance claim
Summary: Saiham Cotton Mills Ltd is successful in receiving the lion share of their insurance claim after the massive fire incident last year. Content: SAIHAM COTTON MILLS LTD. is located in Dhaka, Bangladesh and is part of the Fiber, Yarn, and Thread Mills Industry. SAIHAM COTTON MILLS LTD....
02Nov
NBR launches automated withholding tax system
Summary: The NBR has launched the electronic tax deduction at source system on 7th October, for the public and private agencies to deduct and deposit tax at source without taking the hassle to conduct manually. Content: There were multiple complaints due to the manual tax collection. This type...
02Nov
Banks, NBFIs asked to give new directors’ CIB data
Summary: Banks and other NBFIs are asked to give updated CIB Data by the Central Bank regarding the borrowing entities’ Board of Directors by submitting relevant documents along with a forwarding letter. Content: Credit information bureau reports play a crucial role in Financial Institutions like banks in terms...
02Nov
Star Adhesives to be listed on SME platform
Summary: Star Adhesive Limited, a concern of Partex Group, has decided to raise BDT 50mn through a QIO by issuing 5mn shares at BDT 10 each to use it for factory renovation and meet up working capital requirement and loan payment. Content: Star Adhesive Limited, a concern of...
19Oct