Corporate
Corporate
Nagad barred from opening TCSAs without BB nod
Staff Correspondent: Banks have been asked not to open trust cum settlement accounts (TCSAs) under Nagad Limited unless it gets approval from the postal department and the Bangladesh Bank (BB).The central bank issued a letter to banks on September 2 in this regard.Nagad is the brand name of the BPO’s…
Read More »e-commerce facing reliance crisis
Restoration of confidenceis now a big challenge Golam Mostafa Jibon:Following some unpredicted incidents, country’s e-commerce sector is now facing confidence crisis putting it on a big challenge.It has now become a big challenge to restore the confidence among the customers.Sources said, buying products at home has now become popular in…
Read More »ACC now seeks documents on Evaly
Staff Correspondent: The Anti-Corruption Commission (ACC) has written to several government organisations seeking related documents on controversial e-commerce platform Evaly. “We have sought documents on Evaly from different organisations,” ACC Secretary Dr Md Anwar Hossain Hawlader told reporters at ACC office yesterday.“We will work coordinating with all investigating organisations in…
Read More »Govt realizes Tk 52 lakh dodged VAT from Alesha Mart
Staff Correspondent: The VAT Audit, Intelligence and Investigation Directorate under the National Board of Revenue (NBR) has unearthed a VAT evasion of Tk 52 lakh by online shopping firm Alesha Mart by conducting a drive at its Banani office in the capital.The dodged VAT amount has already been realized.Following an…
Read More »MoU signed among three parties
Stabilizing yarn price Staff Correspondent:The maximum price for the 30 most used single card in the garment sector will be $4.20 per kg of yarn. As a result, spinning mills that are selling yarn at slightly higher prices need to be reduced. However, if the cotton price index exceeds 100…
Read More »NBFIs asked to sanction loan to accounts of genuine borrowers
Staff Correspondent: The Bangladesh Bank asked non-bank financial institutions to release approved loans to bank accounts owned by genuine borrowers.Some NBFIs have recently credited funds to the accounts held by other persons or entities who have not applied for the loan, flouting rules, according to a central bank notice.As per…
Read More »Commerce Ministry issues show-cause letter to E-orange
Allegations of embezzling of Tk 1,100cr Staff Correspondent:E-commerce platform ‘Eorange’ has been asked by the Commerce Ministry through a show-cause letter to submit detailed information of its assets.Following multiple demonstrations by consumers, the ministry asked its Central Digital Commerce Cell to issue the letter on Tuesday.The ministry has given the…
Read More »Bangladesh regained second position in RMG exports
BGMEA President says in an interview with Daily Industry Staff Correspondent: President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Faruque Hassan has mentioned that Bangladesh has regained its second position in the world market in RMG exports beating the Vietnam. Faruque Hassan, who is also the Managing Director of…
Read More »BGMEA requests CPA to release consignments rapidly
Staff Correspondent:Bangladesh Garment Manufacturers and Exporters Association (BGMEA) requested the Chittagong Port Authority (CPA) to allow releasing the imported goods directly from the Chittagong Port instead of private inland container depots (ICDs) to reduce time and cost.BGMEA President Faruque Hassan made the call during a meeting with Chairman of Chittagong…
Read More »ACC questions 5 including former MD, in FAS Finance fraud case
Industry Desk: The Anti-Corruption Commission questioned five employees of FAS Finance, including one of its former managing directors, in connection with allegations of fugitive Prashant Kumar (PK) Halder, former managing director of International Leasing and Financial Services Limited (ILFSL), laundering several thousand crores of takas. A team led by ACC…
Read More »
Hotels to be converted for Covid hospitals
Hospitals overwhelmed Staff Correspondent: The government is going to rent hotels for providing treatment …
