04May
04May
Government allows additional two-hour overtime in export-oriented RMG sector for six months
Summary : All the multinational enterprises across the globe in developing countries like Bangladesh are encouraged to offer the best possible conditions of work including working time. As our country depends on the export-oriented ready-made garments heavily for their export value and foreign currencies, the...
04May
The Construction work of Korean EPZ hi-tech Park begins in Chattogram
Summary: The construction of the Korean EPZ Hi-Tech Park in Anwara Upazila of Chattogram began on 21st April, with the primary investment of $200m by Youngone corporation. In the coronavirus pandemic situation, the innovative ceremony was virtually attended by Zunaid Ahmed Palak, State Minister for ICT, and LEE...
11Apr
Textile sectors will be allowed to take subcontractors
Summary Bangladesh government has allowed taking the facility of subcontractors like the Ready-Made Garments ("RMG") industry because some large industries are burdensome with a large number of export orders while the medium and small companies can not wield their resources. This facility along with the guidelines...
11Apr
Foreign Exchange Policy changes its guidelines; allows Shipping Agents to get higher Commission
Bangladesh Bank allowed shipping agents to charge a higher commission in the import of goods. However, the commission in the cases of export shipments is kept unchanged. The new commission will take effect from the 1st of April this year. The foreign exchange Policy Department of...
31Mar
SIAC Sets a New Record in 2020
The Singapore International Arbitration Centre (SIAC) is pleased to announce the official release of its 2020 Annual Report. 2020 saw SIAC set a new record with 1,080 new case filings. This is the first time that SIAC’s caseload has crossed the 1000-case threshold. Of the 1,080...
31Mar
Bangladesh Bank is Requested to Remove the Bar on Dividend Limits for NBFIs
Summary: On February 7th, 2021, Bangladesh Bank (BB), the central bank of the country declared a dividend policy for banks for 2020 in light of the challenges that the outbreak of coronavirus posed which allowed them to reward their shareholders based on the strength of the...
31Mar
High Court Division Of The Supreme Court Of Bangladesh Determined Jurisdictional Court For Cases Regarding Article 138 Of The Negotiable Instruments Act 1881
Summary: The Hon'ble High Court Division of the Supreme Court of Bangladesh has published circular no- 02-2021 dated 08-03-2021 determining the jurisdictional court for cases under article 138 of the Negotiable Instruments Act 1881. This concerns the landmark judgment in the last check case dated 18.10.2020....
10Mar
Bangladesh’s Progress to be a New Economic Leader in South Asia
Summary: Bangladesh achieved an economic landmark last week when the United Nations Committee for Development Policy (CDP) recommended that the country graduate from the least-developed-country categorization that it held for the 50 years since its independence. Consequently, the Wall Street Journal (WSJ) has admired Bangladesh for...
07Mar