Summary: Probe into stimulus loans has helped the Central Bank to find many unproductive usages of the funds that were used in the packages. Apart from that, officials of eight departments of Banking Inspection (DBI) of the central bank along with its branch offices have been directed to conduct a special inspection into the lending operations across the country after... Read More
Summary: Bangladesh is shortly to sign the tripartite MOU with Sonipharm of China to co-produce the vaccine within the next two months. There was a previous disappointment in the supply of sputnik of Russia and Astrazeneca of India due to the surge in their national emergence. Content: Bangladesh began the administration of COVID-19 vaccines on 27 January 2021 while mass vaccination started on 7 February... Read More
Summary: OPEC projects a systematic recovery for its crude this year and next, as the group has agreed on boosting oil output in demand since it was shattered in the pandemic. Producers will try to restore the capacity by increasing production by 400,000 barrels a day. The Organization of the Petroleum Exporting Countries (OPEC) was founded in Baghdad, Iraq, with... Read More
The four pillars of Digital Bangladesh are Human Resource Development, Connecting Citizens, Digital Government, and Promotion of ICT Industry. The third pillar involves the construction of digital portals & providing e-Services etc. The fourth pillar involves providing several IT services –financial services, call centers, healthcare, etc involving the management of large amounts of data. Information Technology is now an integral part... Read More
Taxation In the current financial year, the corporate tax rate structure has not been changed except that the tax for Non-Publicly Traded Companies is reduced by 2.5 percent and fixed at 32.5%. Some new industries are brought under the umbrella of tax exemption. Pension and gratuity payments to approved funds are made eligible for exclusion/deduction from the total income of... Read More
Summary: Intel Corp, plans to buy Global Foundries, which is one of the largest specialists in chip production by overtaking their big customer AMD for about $30 billion. Although, the biggest deal by Intel so far is the purchase of $15.4 billion of Altera Corp.in 2015. Content: Intel Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California, in... Read More
Summary: To the surprise of many research scientists, focus on the social issues increased despite the fact that many companies had to retool supply chains and many struggled simply to remain in business in the lockdown. Bangladeshi companies, which had an established Supply chain Management Process, were able to operate profitably during the covid-19 pandemic. Content: The objective of the supply chain... Read More
Summary: The tax authorities have recently made a move to offer tax holidays to the manufacturers of Active Pharmaceutical Ingredient (API) and laboratory reagent in line with the national API policy. Although, the tenure of the facility is yet to be decided. Content: API is the basic raw material for all types of drugs. Bangladesh largely relies on imports of... Read More
Summary: Visa, the pioneer in digital payment, announced the launch of a new portfolio of services for Bangladeshi customers in line with Islamic Banking principles on July 15. Customers will now be able to avail themselves the cards compliant with Islamic banking and get exclusive benefits that are only available to Islamic banking as well as the benefits available to... Read More
Summary: Prices to ship containers from Asia to the U.S. And Europe have gone high due to the disruptions across the supply chain that triggered bottleneck inland distribution and delays. The executives in the shipping industry expect this situation to remain for the rest of the year. Content: According to a global pricing index by London-based Drewry Shipping Consultants, the average price... Read More
