Thursday, 05 Aug, 2021

Business

Banks to remain closed on August 1, 4 

Banks will remain closed on next Sunday (Aug 1) and Wednesday (Aug 4) as per the latest instruction of Bangladesh Bank. Besides, the transaction period has been extended by an hour on August 2, 3 and 5 in next week. The central bank’s department of offsite supervision issued a

Banks open after a 5-day break

Banks and financial institutions in Bangladesh opened on Sunday after a five-day break on account of the holy Eid-ul-Azha festival and weekly holidays. All banks will remain open for customers for only three-and-a-half hours daily due to the country-wide 14-day strict lockdown

"Evaly activities and hotline numbers were on, are on"

In response to the news published recently by some media outlets that the hotline of Evaly's office, activities and customer service call center were closed, the ecommerce company has made a statement clarifying their position on the issue.  Evaly has ruled out the

Court issues travel ban on Evaly Chairman, MD

A Dhaka court issued a travel ban on e-commerce platform Evaly's chairperson Shamima Nasreen and her husband managing director (MD) Mohammad Russel. Mahmud Hossain Jahangir, prosecutor of Anti-Corruption Commission (ACC), confirmed the matter on Saturday morning. Metropolitan

Mastercard: India stops payment service provider from issuing cards

India's central bank has barred Mastercard indefinitely from issuing new debit or credit cards to domestic customers. The Reserve Bank of India has accused the company of violating data storage laws. The bank said Mastercard had not complied with rules requiring foreign card

High fuel prices in India poses risk of smuggling from Bangladesh

As petrol and diesel prices have continued to remain high in India, the risk of fuel smuggling to the neighbouring country is rising day by day. Bangladesh government now plans to adjust petroleum fuel prices fearing the smuggling of costly fuel to India due to the price mismatch,

Bashundhara Group MD inaugurates corporate head office of Rongdhanu Group

Bashundhara Group Managing Director Sayem Sobhan Anvir inaugurated the new corporate head office of Rongdhanu Group at Rongdhanu Business Point in Bashundhara Residential Area in the capital on Sunday. Shamim Osman, MP and Rongdhanu Group Chairman Rafiqul Islam were also present on the

Fuel rates touch record high in India

Fuel prices continue to soar across India and touched a record high affecting its people adversely and worsening the situation amid the ongoing pandemic. Fuel costs have been ratcheted up to current levels by the combined effects of rising benchmark Brent prices and numerous tax hikes

11th Social Business Day held

The 11th Social Business Day, hosted by Nobel Peace Laureate Professor Muhammad Yunus, took place from 28 June-2 July 2021, brought together more than 2,300 participants, globally from more than 110 countries ---with over 10,000 viewers on average per day on social media platforms and in

E-commerce guidelines come into force for consumers' sake

Amid growing impact of digital platforms in the country, the Ministry of Commerce on Sunday issued operational guidelines for the e-commerce sector to empower consumers and protect their rights. According to the new guidelines, an agreement must take place between the marketplace

Commerce Ministry asks Home Ministry to file case against Evaly

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

Bashundhara Group receives ‘Best Business Conglomerate Group’ Award 2021

Country’s largest business conglomerate Bashundhara Group has received global recognition as “The Best Business Conglomerate Group” award of the year for its outstanding performance in the financial sector.  The Global Economics Limited, a UK based financial

Banks reopen; transaction hours from 10am-1:30pm 

Banks resumed operations today (Monday) after four days of closure due to bank holidays, weekends and strict lockdown. Bangladesh Bank (BB) on Wednesday last announced four days of closure for banks and financial institutions in line with the government-imposed strict restrictions to

Bashundhara LPG rolls out upgraded Vat automation

Bashundhara LPG has rolled out upgraded automation in value added tax (Vat) management following compliance with national board of revenue (NBR). The new system ran from Thursday, first day of fiscal year, while the trial began in April this year and project commenced in December 2019,

26% tax on local bitumen production unjust, illogical, unfair: Experts 

Country's top businessmen and tax analysts have termed the 26 per cent tax on the production of bitumen as unjust, illogical and unfair. According to them, the Prime Minister is sincere about industrial protection, while some government officials do not contribute to her vision.

No domestic flights from Thursday 

The government has decided to suspend all domestic flights during the weeklong strict lockdown starting Thursday. However, the international flights to and from Bangladesh will continue as usual. Civil Aviation Authority of Bangladesh (CAAB) issued a circular on Wednesday in this

4-day bank transactions from 10am to 1:30pm now

Banks will remain open from 10am to 1:30pm from July 1 and bank employees' office hour will be till 3pm during the nationwide strict restriction enforced to contain the spread of coronavirus. Banks will remain closed on Sunday also. A circular signed by Anwarul Islam, General

Bashundhara Group making HR activities fully automated

Bashundhara Group is going to transform all the human resources activities of its Sector-A into an automated platform through installing the EMPRESS Software in a bid to improve the human resources management. The Human Resources Division of Sector-A of the industrial conglomerate

Border closure with India extended for 14 more days

The government has extended the closure of the border with India for another two weeks as the Covid-19 situation in bordering districts keeps worsening.  As per the new restrictions, the land border with India will remain closed till July 14.  The decision was taken in an

Malaysian casino giant Genting makes $4.3bn bet on Las Vegas

Malaysian casino operator Genting Group is taking a $4.3bn (£3bn) bet on Las Vegas as it opens a huge new resort in the US gambling capital today. Resorts World Las Vegas is the most expensive resort ever developed in Las Vegas. Las Vegas saw visitor numbers slump by more than

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