07Jul
21Apr
Bangladesh Eyes FTAs with Seven Countries, Two Blocs
Summary: In order for signing FTAs (free trade agreements) so as to perpetuate duty-free market access to Bangladeshi products, the government is giving consideration to seven countries and two blocs as prospective partners. Content: On Sunday, the commerce ministry broadcasted a time-based action scheme on favorable market...
28Mar
Move to recognize third party under RJSC
Summary: The government plans to put third parties under the Registrar of Joint Stock Companies and Firms (RJSC) Monitoring third-party participation in the registration process will help to prevent excessive fees from being charged and lower the cost of doing business, officials say. Officials stated the...
28Mar
Provisions of Arbitration Act not applicable to arbitration seats in foreign countries, rules HC
Summary: Bangladesh's top court has ruled that the Arbitration Act does not apply in cases where the arbitration is held in a foreign country. Accom Travels and Tours Ltd sued Oman Air for Tk 780 million after its agreements with the airline were canceled by the...
12Mar
Companies Act to be rewritten this year.
SUMMARY: The commerce ministry will be ameliorating the companies act this year in an effort to make it absolute and time-befitting. Tapan Kanti Ghosh, senior secretary to the commerce ministry, expressed that the former companies act had a deficiency in it as it prevented all 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