The government is set to approve today (Monday) a new entry and exit point for Bangladesh and Nepal's goods transit through railways, officials have said. Under the new arrangement, Rohanpur railway station in Chapainawabganj district will be added as another entry and exit point apart from the exiting six such transit stations. Nepal will use the Singhabad railway station of Malda... Read More
Non-resident Bangladeshis (NRBs) can now keep their funds in the form of Fixed Deposit Receipts (FDR) and Deposit Plus Schemes (DPS) with local lenders following a central bank directive yesterday. Earlier, the NRBs were allowed to open savings or current accounts with banks but did not get favourable interest rates against their fund. Now, however, the Bangladeshi expatriates can deposit their money... Read More
Rahman's Chambers is delighted to announce that it added All England Commercial Cases, Law Reports to its library collections. This extremely important publication of LexisNexis will significantly help improving the quality of our legal research. All England Commercial Cases Volume Set 1999 All England Commercial Cases Volume Set 1999 to date publishes House of Lords, Privy Council, Court of Appeal,... Read More
Banks can now remit shipment tracking charges without the approval of the central bank – in a move to further ease the country's foreign trade. From now on, for import payment, banks will have to take confirmation about whether the goods are on board or not. So, the lenders will need to pay charges to foreign agencies to track shipments. "We... Read More
China's Yabang Group is set to invest $300 million in establishing textile and chemical industries in Bangladesh's economic zone, a top official said. The leading Chinese dye and paint manufacturer will establish industrial units on 100 acres at Bangabandhu Sheikh Mujib Shilpanagar (BSMSN), a flagship project of the Bangladesh Economic Zones Authority (BEZA). "We've received an investment proposal from Yabang Investment... Read More
The Bangladesh Securities and Exchange Commission has moved to ease and speed up the initial public offering approval process with a view to increasing the depth of the country’s stock market and the fund flow to the market. The stock market regulator formed a committee last week in this connection. BSEC chairman Shibli Rubayat-Ul-Islam told New Age that the commission... Read More
The government of Nepal has given its nod to the Nepal Electricity Authority (NEA) to trade electricity with Bangladesh and India. It is mandatory for the NEA to get the approval of the government for inter-country electricity trade, reports The Himalayan Times. Minister of Energy, Water Resources and Irrigation Barshaman Pun said the Cabinet meeting on Monday had given the approval... Read More
HONG KONG, Jul 24 : Evergreen Products Group Limited, an investment holding company based in Hong Kong, intends to convert the land owned by the group at northern part of Bangladesh to a private economic zone, according to a report published on https://us.acrofan.com The group will apply to the government of Bangladesh for converting the land to economic zone and... Read More
India has excluded Bangladesh from the trade restrictions imposed lately on the countries sharing land border with it. As per an order, any bidder from countries sharing land border with India will need registration and permission from several agencies to bid in any procurement whether of goods, services or works (including turnkey projects). Political and security clearance from the Ministries of... Read More
The cabinet on Monday gave the final approval to a draft law with a provision allowing formation of a company by one entrepreneur to attract more investments and improve the country’s position as regards ease of doing business. The commerce ministry placed the draft Companies (2nd Amendment) Bill 2020 before a virtual cabinet meeting chaired by prime minister Sheikh Hasina... Read More
