Companies Act amendment bill placed in the Jatiya Sangsad

The ‘Companies (2nd Amendment) Bill, 2020’ was placed in the Jatiya Sangsad (JS) keeping a provision of formation of one-man company aiming to attract larger investment and do better in the global ease of doing business ranking. Following the approval of the parliament, Commerce Minister Tipu...

U.S. surveillance laws jeopardize Europeans’ privacy rights

Forging a new data-sharing agreement between the U.S. and European Union may require changes to surveillance laws, officials warned last week, raising the prospect of prolonged uncertainty for companies that relied on a trans-Atlantic agreement for facilitating digital commerce. The EU’s top court ruled in July...

Loan moratorium may be extended further

The central bank is likely to extend the ongoing moratorium on the payment of loan instalments by another three months to December as borrowers are still struggling to make a comeback from the coronavirus pandemic. The moratorium on bank loan payments was introduced in the middle...

Bangladesh under Japan’s subsidy scheme

Japan last week included Bangladesh in the subsidy scheme in the matters of relocating its firms from China. Under the subsidy scheme, Japan government is providing financial assistance to the companies, shifting their plants from China to other suitable locations. The Japanese subsidy programme was initially...

NBR to finalise draft income tax law by Sept

The National Board of Revenue has taken a move to finalise the draft of the new Income Tax Act-2020 by this month to expedite introduction of the new law. Officials said that the major objectives of the new law were to incorporate the international best practices,...

Banks’ green financing drops

Financing by banks and non-bank financial institutions for environment-friendly initiatives has dropped by 16.83 per cent or Tk 513.38 crore in the April-June quarter against that in the previous quarter. In the April-June quarter this year, the banks and NBFIs have disbursed Tk 2,537.81 crore for...

Canada, Netherlands join Gambia’s genocide case against Myanmar

Canada and the Netherlands will formally join The Gambia's legal bid to hold Myanmar accountable over allegations of genocide against its mostly-Muslim Rohingya minority in a move described by observers as historic. In a joint statement on Wednesday, Canadian Foreign Minister Francois-Philippe Champagne and his Dutch...
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