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BB asks BIAC, ABB to draft guideline on NPL recovery

Bangladesh Bank (BB) has recently moved to formulate a guideline for realisation of non-performing loans (NPLs) in the banking sector and make amendment to relevant laws.During a recent tripartite meeting held at its head-office, the central bank has asked Bangladesh International Arbitration Centre (BIAC) and Association of Bankers Bangladesh (ABB)...

Hasina for inclusive trade regime among C'wealth states

LONDON, Apr 18 (UNB): Prime Minister Sheikh Hasina advocated on Wednesday for open, transparent and inclusive trade regime among Commonwealth states to tap the potentials of 60 per cent young population of the countries."Sixty percent of the Commonwealth population is under the age of 30. Our people are our biggest...

Corporate tax may see cuts, says NBR chief

The National Board of Revenue (NBR) chairman Md Mosharraf Hossain Bhuiyan on Wednesday said the revenue authority will provide necessary trade facilitation to the local electrical and electronic manufacturers and IT companies in the next budget.Hoping that Bangladeshi companies will export locally manufactured electronic and electrical products in near future,...

Extortion leads to Ramadan price hike

The country's apex trade organisation FBCCI observed Wednesday that the prices of essential commodities rise during the holy month of Ramadan largely because of "rampant extortion in the transport sector by policemen and political workers".It said a section of policemen in connivance with some political activists are responsible for such...

LTU fetches most taxes from PCBs

Private Commercial Banks (PCBs) together contributed the most part of the corporate tax, collected by Large Taxpayers Unit (LTU) until March of the current fiscal year (FY), 2017-18. Six PCBs were among the top-ten income taxpayers during the first three quarters of FY '18. Mobile phone company Grameenphone (GP) was...

Once a waterway leading to the Buriganga

Once a waterway leading to the Buriganga, the canal at Rasulpur of Kamrangirchar remaining blocked with garbage as is seen in the picture taken on Wednesday — FE photo by Shafiqul Alam

News Watch (19-04-2018)

Govt approves two more pvt universities The government has given approval to two more private universities. The universities are Khulna Khan Bahadur Ahsanullah University and Ahsania Mission Science and Technology University. Of them, Khulna Khan Bahadur Ahsanullah University is situated on the Khan Bahadur Ahsanullah Road at Chhoto Boyra in...