14Feb
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
Malek Spinning to shut down the denim unit of Salek Textile Limited
Summary: Due to the incurred loss of Salek Textile Limited, the Parent Company Malek Spinning is selling its denim unit’s assets to pay off the liabilities. Content: Malek Spinning Mills Limited, a New Asia Group company, has decided to close the denim bottoms production unit of its subsidiary...
26Dec
Bangladesh Competition Commission gives a verdict against the Water Transport Cell
Summary: The verdict of the Competition Commission not being enough to handle the issue needs further actions from the government to form a body on transport management and fixing fares. Content: The surge in charges for transportation of goods at seaports under a ‘monopoly' in lighter-vessel operations, according...
21Nov