Corporate
Corporate
BGMEA urges its members to release imported goods from Ctg port
Industry Desk: The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) issued a notice yesterday urging concerned members to unload their imported items from Chittagong port and transport them to their factories.The announcement from the BGMEA stated that the activities of the Chittagong Port Authority (CPA), Dhaka Airport, relevant Customs House,…
Read More »Bangladesh keeps investment doors open despite pandemic
Says BEZA chief Yusuf Harun Staff Correspondent: Bangladesh Economic Zones Authority (BEZA) Executive Chairman Shaikh Yusuf Harun has said the Bangladesh government continues investment services despite pandemic to allure investors to come with their new ventures here.“Investors from home and abroad are being able to invest easily in Bangladesh despite…
Read More »E-commerce in the custody
Syed Ishtiaq Reza:As the habit of buying things online grows, so do the pages of mass media and social media. The real business of today’s e-commerce stores is to delay the delivery of goods in the name of giving all the lucrative discounts, not to give the products at all,…
Read More »21,480 borrowers reschedule loans by HC order in 5-yrs
Staff Correspondent:In between January 2015 and December 2019, a total of 21,480 companies and individuals rescheduled loans with directives from the High Court.Mahmud Fabrics and Finishing Limited in Chattogram’s Double Mooring area has been named among the top defaulters on the Bangladesh Bank’s Credit Information Bureau (CIB) list. It owes…
Read More »File case against Evaly
Commerce Ministry asks Home Ministry Staff Correspondent:The Ministry of Commerce issued a letter asking the Ministry of Home Affairs to sue e-commerce platform Evaly for embezzlement of Tk338 crore owed to merchants, which was collected as an advance from customers.The Ministry also sent a separate letter to the Anti-Corruption Commission…
Read More »ACC starts inquiry against Evaly over alleged corruption
Staff Correspondent: The Anti-Corruption Commission (ACC) yesterday started inquiry against e-commerce platform Evaly following a Commerce Ministry request to take legal action against the company over allegedly embezzling or illegally withdrawing Tk 338 crore taken in advance from customers and owed to merchants.The commission formed a two-member inquiry team, led…
Read More »Expand import of duty-free raw materials other than RMG
Tariff Commission to Commerce Ministry Staff Correspondent: To diversify exports, the Bangladesh Trade and Tariff Commission (BTTC) has proposed that the government expand the duty-free raw material import facility to enterprises who sell a percentage of their goods in abroad markets.Under the bonded warehouse plan, 100 percent export-oriented enterprises can…
Read More »Chairman of Banco Securities detained
Staff Correspondent: Abdul Muhith, chairman of Banco Securities, has been detained on a charge of misappropriating Tk 66 crore from investors.He was detained from Hazrat Shahjalal International Airport in the city yesterday noon.Mohammad Rezaul Karim, executive director of the Bangladesh Securities and Exchange Commission, confirmed the information to risingbd.Earlier on…
Read More »No advance payments to e-commerce firms
Evaly welcomes govt decision Staff Correspondent: The government has introduced new rules forcing e-commerce firms to take payments only after delivering products to customers in an effort to discipline the sector.All advance payments will now be deposited with Bangladesh Bank or other payment gateways until the product reaches the customer.The…
Read More »Govt sees catastrophe in VAT collection
Three reasons blamed Golam Mostafa Jibon: A catastrophe is being noticed in the VAT collection that may put the government far away from a lot amount of revenue earning this time.Three reasons behind the current disruption of overall VAT collection have been identified by the authorities concerned. The reasons are…
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Hotels to be converted for Covid hospitals
Hospitals overwhelmed Staff Correspondent: The government is going to rent hotels for providing treatment …
