13Jul
13Jul
Microsoft gets VAT registration
Summary: Microsoft received the Value-Added Tax (VAT) registration from Dhaka South Vat commissionerate on July 01 standing as the fourth tech giant in Bangladesh. It used its Singapore address and collected its Business Identification number. Content: It's obvious that if the International companies want to conduct business here...
06Jul
Bangladesh Bank eases rules for borrowers to avoid defaulting
Summary: According to the recent notice published by the central bank, borrowers will be able to avoid the default zone by repaying 20% of their loan installments by August this year. Three categories of loans will be qualified for this policy. Content: In March this year, Bangladesh Bank...
06Jul
New Guidelines for the repatriation of Outward Remittance
Summary: By issuing the new guidelines on outward remittance repatriation for payment of royalty, Bangladesh Investment Development Authority ( BIDA ) has repealed all the previous guidelines on repatriation of royalty and eased the procedure of technical assistance and franchise fees for the private industrial enterprises...
06Jul
Tannery loan rescheduling application deadline extended to 30 September
Summary: The central bank has published a circular on the extension of loan rescheduling till 30 September and asked the default tanners to file applications with a 2% down payment with their respective banks. Content: According to the policy introduced by Bangladesh Bank in January, banks were...
06Jul
NGO-MFIs to raise BDT 16.5bn from capital market
Summary: For the first time, BSEC permitted non-governmental organizations (NGOs) are out in the market to raise funds by issuing bonds. These NGOs are renowned microfinance institution-BRAC, Buro Bangladesh and Sajida Foundation. Content: The three leading NGOs in the country applied altogether for 16.5 bn by issuing bonds...
29Jun
BEXIMCO’s BDT 30 billion Sukuk gets affirmation
Summary: Beximco Limited got the final approval from the Security regulator of the Bangladesh Securities and Exchange Commission for the issuance of green Sukuk Bond worth Tk 30 billion to finance construction goals and equipment procurement. The BSEC approved the proposal on 24th June, Wednesday based on...
29Jun
Non–performing loans rise through the extension of the Loan Moratorium Support
Summary: The expansion of the repayment deferral support by the central bank has resulted in the rise of the Non-Performing Loans (NPL)s in the first quarter of this year. It is stipulated that the facility has been misused by the habitual defaulters which were provided to...
29Jun
Maritime Regulator Sets Carbon Measures facing discord
Summary: The continuous global clamor for attention towards the ship’s carbon emission has pushed the International Maritime Organization to take measures to reduce pollution caused by ships. The IMO will also research market-based incentives for the purpose of adopting such mechanisms by 2024. Content: To face the...
23Jun