14Sep

Govt fixes wages for leather sector

The government has fixed Tk 7,100 as minimum monthly wages for the workers of the country's leather goods and footwear sector. The ministry of labour and employment issued a gazette notification in this regard on September 08, nearly a year after the wage board was...
14Sep

Non-EPZ firms can pay foreign staffers in dollars

[source: The Business Standard] The government is going to allow firms outside of the Export Processing Zone (EPZ) to pay their foreign employees in dollars. This has been a long-standing demand of companies and would make the revenue board better able to tax the foreigners. The...
12Sep

South Asian Regional Centre of the GCA office in Dhaka was launched

During July last year, Prime Minister Sheikh Hasina hosted the Global Commission on Adaptation meeting in Dhaka attended by the co-chairs of the Commission, former Secretary General of the United Nations Ban Ki-moon and Kristalina Georgiva, head of the International Monetary Fund. During the bilateral...
12Sep

StanChart rolls out first blockchain remittance service

Standard Chartered Bangladesh yesterday rolled out a blockchain-powered remittance service for Bangladeshis working in Malaysia to allow them to send money home on a real-time basis, without any hassle and at lower costs. The bank has teamed up with Ant Group, one of the world's leading...
08Sep

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...
08Sep

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...
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