Corporate
Corporate
India imposes 40pc duty on onion exports
Staff Correspondent: India has announced the imposition of 40 percent duty on the export of onions till December 31, in a move to tame escalating prices in the domestic market.The statement came in an Indian finance ministry notification issued on Saturday, according to media reports.Bangladesh is one of the countries…
Read More »United Airways faces Tk 800 cr liability
Seeking help of BSEC to restart operation Staff Correspondent: With the loan and penalty liabilities of over Tk 800 crore, the United Airways is trying to restart its operation with the support of BSEC.With the huge loan burden of Tk 432 crore and Tk 350 crore penalty of Civil Aviation…
Read More »Financial sector reforms necessary
Dr Ahsan H Mansur: Default loans are not something new when it comes to the country’s banking sector. The problem has persisted ever since Bangladesh’s independence, and attempts have been made on numerous occasions to resolve the issue. Back in the 1990s and in 2001 or 2002, the problem was…
Read More »Seven directors of Banco Securities fined Tk 7 cr
Zarif Mahmud: Seven directors of the main stock market Dhaka Stock Exchange (DSE) brokerage House Banco Securities have been fined Tk 7 crore.The convicted persons are – Banco Securities Chairman Abdul Muhit, MD Samiul Islam, Director Md. Shafiul Azam, Waliul Hasan Chowdhury, Nurul Ishan Sadat, A Munim Chowdhury and Jamil…
Read More »Foreign investment downs Debt repayment ups
Reserve balancing mismatched Rabiul Haque: Due to the dollar crisis, Bangladesh Bank has imposed various restrictive conditions on imports. Due to this, the foreign trade deficit has decreased slightly. However, there is a big deficit in the country’s overall transactions with the outside world.Those concerned said that this situation has…
Read More »BD warned of cyber-attack on 15 August
– Warning issued by CIRT– Bangladesh and Pakistan targeted Staff Correspondent: A group of hackers have threatened a ‘storm’ of cyber-attacks in Bangladeshi cyberspace. The hackers set 15 August as probable date to hit the cyberspace of the country. Bangladesh e-Government Computer Incident Response Team (BGD e-GOVT CIRT) has issued…
Read More »E-commerce scam: Not all customers refunded as yet
Staff Correspondent: Several e-commerce companies have been facing issues regarding refunding their customers’ payments. Some companies have provided partial refunds, while others have not refunded anything at all. Additionally, certain companies lack proper records of their accounts, making it difficult for them to determine how much money they owe their…
Read More »Flat sales down to zero
Unbridled spending on housing5 thousand unsold flats in Dhaka Zarif Mahmud: Ahmed has been living in Sheorapara area of Mirpur, Dhaka for a long time. Wife is a banker. The couple’s long-held dream is to own a residence in the bustling city. With this, the two of them invested in…
Read More »Businessmen are not interested in trade on rupee with India
Rabiul Haque: In the bilateral trade of Bangladesh with India, there are two sides of profit and loss of transaction in Indian currency Rupee. Businessmen of the two countries can open import-export LCs in rupees instead of dollars. But the businessmen of Bangladesh are not interested in this as the…
Read More »Legacy footwear share price increased by Tk 100 in 5 months
Suspect manipulation as company is in loss Zarif Mahmud: Share price of Legacy Footware, a listed company of tannery sector in the country’s capital market, have been rising abnormally despite the continuous business declines and losses and investors not getting the expected dividends year after year. Although the company’s business…
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