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Plan to restructure source tax rates to aid manufacturers, traders

Summary  To give manufacturers and retailers some breathing room, the government is expected to lower the rates of tax deduction... Read More

Central Bank wants to reduce 1% default loans through Negotiation

Summary: Rather than suing the defaulting consumers, the central bank has instructed banks to use Alternative Dispute Resolution (ADR) to... Read More

Stocks regulator moves for strictly monitoring AGMs, EGMs 

Summary:  The Bangladesh Securities and Exchange Commission (BSEC), which oversees the stock market, has taken the lead in establishing a... Read More

China filed a Complaint at the World Trade Organization over the U.S.’s Inflation Reduction Act, saying it was discriminatory and distorted fair competition. 

Summary:  China complained against the U.S. Inflation Reduction Act to the World Trade Organization, claiming it was unfair and obstructed... Read More

Belgium and the European Union sign the “Beijing Convention on the Judicial Sale of Ships”

Summary: On March 14, 2024, at the UN Headquarters in New York, Belgium and the European Union signed the United... Read More

New ICC Hearing Centre unveiled

Summary:  Information about the reopening of ICC's Hearing Center in Paris has been made public. The 17th arrondissement's rue Legendre... Read More

CSE to get maiden commodity Exchange License

Summary: The country's first commodities (CX) exchange license will be granted to the Chittagong Stock Exchange (CSE) by the Securities... Read More

Exim-Padma Bank merger to take at least 18 months

Summary:  The planned merger of Padma Bank and Exim Bank is expected to take 18 months to 2.5 years, according... Read More


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June 2024

Plan to restructure source tax rates to aid manufacturers, traders

Summary  To give manufacturers and retailers some breathing room, the government is expected to lower the rates of tax deduction at source on the supply of raw materials to manufacturers and completed goods to shops in the upcoming fiscal year. Officials from the finance ministry who are aware of the situation say that the rates for supplying raw materials will... Read More

Central Bank wants to reduce 1% default loans through Negotiation

Summary: Rather than suing the defaulting consumers, the central bank has instructed banks to use Alternative Dispute Resolution (ADR) to collect defaulted loans. The Bangladesh Bank issued an order on May 12, 2024, requiring all banks to recover at least 1% of their defaulted loans through alternative dispute resolution (ADR) by June 30, 2026. To carry out the program, the... Read More


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Plan to restructure source tax rates to aid manufacturers, traders

Summary  To give manufacturers and retailers some breathing room, the government is expected to lower the rates of tax deduction at source on the supply of raw materials to manufacturers and completed goods to shops in the upcoming fiscal year. Officials from the finance ministry who are aware of the situation say that the rates for supplying raw materials will... Read More

Central Bank wants to reduce 1% default loans through Negotiation

Summary: Rather than suing the defaulting consumers, the central bank has instructed banks to use Alternative Dispute Resolution (ADR) to collect defaulted loans. The Bangladesh Bank issued an order on May 12, 2024, requiring all banks to recover at least 1% of their defaulted loans through alternative dispute resolution (ADR) by June 30, 2026. To carry out the program, the... Read More

Stocks regulator moves for strictly monitoring AGMs, EGMs 

Summary:  The Bangladesh Securities and Exchange Commission (BSEC), which oversees the stock market, has taken the lead in establishing a pool of impartial service providers to oversee and closely monitor general meetings, including extraordinary general meetings (EGMs) and annual general meetings (AGMs). The BSEC now requests that companies choose their service provider from a list of ISPs for monitoring AGMs... Read More


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Plan to restructure source tax rates to aid manufacturers, traders

Summary  To give manufacturers and retailers some breathing room, the government is expected to lower the rates of tax deduction at source on the supply of raw materials to manufacturers and completed goods to shops in the upcoming fiscal year. Officials from the finance ministry who are aware of the situation say that the rates for supplying raw materials will drop from 4% to 3% and for trading goods from 5% to 4%.  Context: The government is planning to impose a single...

Central Bank wants to reduce 1% default loans through Negotiation

Summary: Rather than suing the defaulting consumers, the central bank has instructed banks to use Alternative Dispute Resolution (ADR) to collect defaulted loans. The Bangladesh Bank issued an order on May 12, 2024, requiring all banks to recover at least 1% of their defaulted loans through alternative dispute resolution (ADR) by June 30, 2026. To carry out the program, the banking regulator has also mandated surveillance from the top tier of institutions.  Context: The Bangladesh Bank issued an order on May 12,...


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Plan to restructure source tax rates to aid manufacturers, traders

Summary  To give manufacturers and retailers some breathing room, the government is expected to lower the rates of tax deduction at source on the supply of raw materials to manufacturers and completed goods to shops in the upcoming fiscal year. Officials from the finance ministry who are aware of the situation say that the rates for supplying raw materials will drop from 4% to 3% and for trading goods from 5% to 4%.  Context: The government is planning to impose a single...

Central Bank wants to reduce 1% default loans through Negotiation

Summary: Rather than suing the defaulting consumers, the central bank has instructed banks to use Alternative Dispute Resolution (ADR) to collect defaulted loans. The Bangladesh Bank issued an order on May 12, 2024, requiring all banks to recover at least 1% of their defaulted loans through alternative dispute resolution (ADR) by June 30, 2026. To carry out the program, the banking regulator has also mandated surveillance from the top tier of institutions.  Context: The Bangladesh Bank issued an order on May 12,...


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Plan to restructure source tax rates to aid manufacturers, traders

Summary  To give manufacturers and retailers some breathing room, the government is expected to lower the rates of tax deduction at source on the supply of raw materials to manufacturers and completed goods to shops in the upcoming fiscal year. Officials from the finance ministry who are aware of the situation say that the rates for supplying raw materials will drop from 4% to 3% and for trading goods from 5% to 4%.  Context: The government is planning to impose a single...

Read more...

Central Bank wants to reduce 1% default loans through Negotiation

Summary: Rather than suing the defaulting consumers, the central bank has instructed banks to use Alternative Dispute Resolution (ADR) to collect defaulted loans. The Bangladesh Bank issued an order on May 12, 2024, requiring all banks to recover at least 1% of their defaulted loans through alternative dispute resolution (ADR) by June 30, 2026. To carry out the program, the banking regulator has also mandated surveillance from the top tier of institutions.  Context: The Bangladesh Bank issued an order on May 12,...

Read more...

Full

Plan to restructure source tax rates to aid manufacturers, traders

Summary  To give manufacturers and retailers some breathing room, the government is expected to lower the rates of tax deduction at source on the supply of raw materials to manufacturers and completed goods to shops in the upcoming fiscal year. Officials from the finance ministry who are aware of the situation say that the rates for supplying raw materials will drop from 4% to 3% and for trading goods from 5% to 4%.  Context: The government is planning to impose a single...

Read more...

Central Bank wants to reduce 1% default loans through Negotiation

Summary: Rather than suing the defaulting consumers, the central bank has instructed banks to use Alternative Dispute Resolution (ADR) to collect defaulted loans. The Bangladesh Bank issued an order on May 12, 2024, requiring all banks to recover at least 1% of their defaulted loans through alternative dispute resolution (ADR) by June 30, 2026. To carry out the program, the banking regulator has also mandated surveillance from the top tier of institutions.  Context: The Bangladesh Bank issued an order on May 12,...

Read more...
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