State-run Bangladesh Power Development Board (BPDB) and China Huadian Hongkong Company Ltd (CHDHK) Sunday inked a deal to form a joint venture (JV) company to build a 1,320 megawatt (MW) coal-fired power plant at Moheshkhali in Cox's Bazar.Both the companies would have similar stakes in the power plant to be...
Read moreThe central bank has simplified and rationalised the sale process of foreigners' equity investment in both public and private entities to attract more foreign direct investment (FDI) in Bangladesh.Under the rationalisation and simplification of sale process, buyers and sellers will have to sign a memorandum of understanding (MoU) prior to...
Read moreThe National Board of Revenue (NBR) has formed an investment promotion team (IPT) comprising public and private sector representatives to frame investment-friendly tax policies. The 21-member IPT would make recommendations after reviewing fiscal policies relating to income tax, customs and Value Added Tax (VAT).The NBR recently issued a gazette notification...
Read moreTrading Corporation of Bangladesh (TCB) started selling essential commodities across the country on Sunday ahead of the holy month of Ramadan and Eid-ul- Fitr. While visiting different spots in the capital, the FE correspondent found good response from the consumers for purchasing sugar, lentil, check peas, soybean oil and dates...
Read moreThe National Board of Revenue (NBR) chief has urged the local businesses to ensure manufacturing quality products to get more tax and duty benefits.Speaking at a pre-budget meeting on Sunday, NBR Chairman Md Mosharraf Hossain Bhuiyan said consumers will be encouraged to buy domestic products instead of imported ones, if...
Read moreCHATTOGRAM, May 6: A three-day hartal called by Parbatya Bangalee Chhatra Parishad (PBCP) in the hill districts has been suspended from Sunday evening following assurance of the local administration in Khagrachhari.A statement issued by PBCP organizing secretary Parvez Alam said the hartal for May 7 and 8 has been postponed...
Read moreCustoms Valuation and Internal Audit Commissionerate (CVIAC) has detected duty evasion on import of green tea through Chattogram and Benapole ports, said a statement issued by CVIAC. After assessing the bill of entries of the two customs houses, a CVIAC team found that two importers declared lower value of green...
Read moreThe not so friendly disagreement between 'marketing' and 'finance' at times plays fascinating mind games. The balance between product quality, placement and awareness is a difficult one to maintain. Life isn't made any easier by personal, collective, company and group objectives, and yes they can differ. One of the more...
Read moreState-run Petrobangla inked Sunday a sales and purchase agreement (SPA) with Oman Trading International (OTI) to import around 1.0 million tonne of LNG (liquefied natural gas) annually for 10 years.This is the country's second binding SPA to import LNG after Qatar's RasGas.State minister for the Ministry of Power, Energy and...
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