Corporate
Corporate
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…
Read More »Investment, employment get priority in proposed budget
Staff Correspondent: Investment and employment have been given priority in the proposed budget, said the lawmakers, terming the new budget pro-people.Taking part in the general discussion on the proposed budget for 2021-22 fiscal in the Jatiya Sangsad (JS), the lawmakers said the 18th budget presented by the ruling party amid…
Read More »Enhance economic cooperation
Bangladesh to IORA member states Staff Correspondent: Bangladesh has urged the Member States and Dialogue Partners of the Indian Ocean Rim Association (IORA) to formulate and implement projects for economic cooperation relating to trade facilitation and liberalization, promotion of investment, scientific and technological exchanges.Bangladesh will assume the charge of the…
Read More »Telecos demand review of taxation in budget
Industry Desk: Association of Mobile Telecom Operators of Bangladesh (AMTOB) yesterday made appeal to the government for reconsidering the proposed taxation in the national budget in telecom industry considering their recommendations.Elaborating on the predicaments being faced by the telecom industry, AMTOB Secretary General Brig Gen S M Farhad (Retd.) in…
Read More »More tax benefits to be considered for businesses
Staff Correspondent: Finance Minister AHM Mustafa Kamal has said the government is ready to offer more tax benefits to businesses in the budget for the forthcoming fiscal year to create employment opportunities by boosting investment and production in the private sector.“The proposed budget is not final yet. We will remain…
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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 …
