30Oct
30Oct
The World Bank agency is expected to provide loan guarantees worth up to $1 billion to Dhaka
Summary: The Multilateral Investment Guarantee Agency (MIGA) is considering providing guarantees for short-term trade finance facilities to Bangladesh for essential imports. The guarantee amount could range from $500 million to $1 billion. This move comes after the government was not interested in MIGA's previous offer of...
30Oct
The stability of the financial sector is at risk due to High amount of defaulted loans: BB report
Summary: The Bangladesh Bank report warns that the financial sector's stability is at risk due to the increasing number of non-performing loans. On October 5, the quarterly report for April-June 2023 was published by the central bank, in which it made the observation. Content: The report reveals that...
29Oct
15% capital gain tax on Sell of land is expected to be revoked
Summary: The draft regulatory order has been approved by Finance Minister AHM Mustafa Kamal and is presently under vetting at the law ministry. As per the latest updates, the government is expected to revoke the newly introduced 15% tax on profits or capital gains earned from...
29Oct
Loan write-offs have increased by over three times during the first six months of 2023
Summary: In the first half of this year, banks wrote off loans three times more than the same period in the previous year. This indicates that banks are facing a growing number of defaults and financial challenges from borrowers, which could have serious implications for the...
29Oct
Appointment of Contractors in November for the construction of the Matarbari deep-sea port
Summary: Next month (November), contractors are expected to be appointed by the Chittagong Port Authority (CPA) for the construction of Matarbari Deep-sea Port. It is anticipated that the evaluation of tenders submitted for the construction work of the port will be completed soon. Afterwards, the authorities...
28Oct
Inauguration of the Bangabandhu Sheikh Mujibur Rahman Tunnel.
We offer our heartiest congratulations to our esteemed Clients, China Communications Constructions Company (CCCC) Ltd and all its subsidiaries and affiliates in Bangladesh on this monumental occasion of the inauguration of the Bangabandhu Sheikh Mujibur Rahman Tunnel under the Karnaphuli River, the first of its...
12Oct
WEBINAR ON FUNDAMENTAL RIGHTS, JUDICIAL REVIEW & WRITS IN BANGLADESH
Procedural violations or administrative actions taken without following due procedure, arbitrarily, unreasonably, or in violation of fundamental rights, etc, can be expeditiously resolved by judicially reviewing the same, popularly known as a filing writ petition, before the Hon’ble High Court, where there is no other...
09Oct
Rwanda accedes to the UN Convention on Contracts for the International Sale of Goods
Summary: Rwanda has officially become a State Party to the United Nations Convention on Contracts for the International Sale of Goods (CISG), making it the 97th country to join. As of October 1st, 2024, the Convention will be fully effective in Rwanda. Content: The CISG is a set...
09Oct