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Tax waivers to lure businesses into special zones should continue

Berger Paints purchased land in Bangabandhu Sheikh Mujib Shilpa Nagar as part of an expansion plan drawn up after it felt encouraged by tax exemptions promised on profits from operations in the special economic zone. Not only Berger but also all companies have been assured of tax advantages by the...

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Apex Footwear clinches double win at Retail Asia Awards 2024

Apex Footwear Limited was recognised at the Retail Asia Awards 2024 in the 'Footwear Retailer of the Year (Bangladesh)' and 'Sustainability Initiative of the Year' categories in Singapore on Tuesday, according to a press release.The Retail Asia Awards, now in its 19th year, is renowned for recognising groundbreaking initiatives, exceptional...

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Discussion on 'Stewardship towards sustainable agriculture'

Bangladesh Foreign Trade Institute (BFTI) and Business Initiative Leading Development (BUILD) jointly hosted a focus group discussion on 'Stewardship towards Sustainable Agriculture' at the BUILD Conference Room in Dhaka on Wednesday.The programme aimed to engage stakeholders in a meaningful dialogue on the significance of stewardship in achieving sustainable agriculture and...

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Market intermediaries to hire auditor from BSEC panel

The securities regulator has issued a directive making it compulsory for market intermediaries to choose auditors from the auditor panel for higher accountability. All issuer companies have already been bound to hire auditors from a list of auditors made by the Bangladesh Securities and Exchange commission (BSEC).There were allegations in...

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ACI Marine signs deal with Khulna Shipyard for supply of marine engines

ACI Marine & Riverine Technologies Ltd., a concern of ACI Limited, a leading conglomerate in Bangladesh, has signed a contract agreement with Khulna Shipyard Limited for the supply of Mitsubishi marine engines. The contract signing ceremony, held at the office of Khulna Shipyard Ltd, marked a milestone in the mutual...

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Japanese investors invited to invest in EZs

Ambassador of Bangladesh to Japan Shahabuddin Ahmed urged Japanese investors to invest in special and other Economic Zones (EZs) of Bangladesh as Bangladesh has offered fiscal and non-fiscal incentives to foreign investors, reports UNB.Shahabuddin Ahmed came up with the call while speaking at a seminar on "Investment opportunities in economic...

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Two more RMG factories get LEED certification

Two more readymade garment (RMG) factories of the country have achieved the recognition of the LEED certification this month, raising the number of the LEED certified factories to 220, reports UNB.As of May this year, the number of the LEED certification factories was 218, with 12 factories earning the certification...

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PREMIER BANK APPROVES 12.5PC CASH DIVIDENDS

Premier Bank held its 25th annual general meeting virtually on Wednesday (June 12, 2024). Heroic Freedom Fighter Dr. H.B.M. Iqbal, honorable chairman, board of directors of Premier Bank, presided over the meeting. The participants and shareholders present at the AGM duly approved all agendas, including the audit report and 12.50...

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Southeast Bank Signs MoU with SNOWTEX Group

Southeast Bank signed a Memorandum of Understanding (MOU) with SNOWTEX Group at Savar, Dhaka for providing Payroll Banking Service, ATM Service & Corporate Payment Module. Nuruddin Md. Sadeque Hossain, managing director of Southeast Bank, and S.M. Khaled, managing director of SNOWTEX Group, exchanged the deal document. Under this agreement, workers...

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MTB Foundation Honoured for supporting Marginalised Communities

MTB Foundation has recently been honored by the Upazila Nirbahi Officer (UNO) of Patharghata Upaliza, Barguna, Barishal for its pioneering role and passionate commitment to Corporate Social Responsibility (CSR) in Barguna region under the 'Environment' sector. To mark the World Environment Day 2024, MTB Foundation took an initiative to build...

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BEZIA delegation callS on Finance Minister

A seven-member delegation from the Bangladesh Economic Zones Investors Association (BEZIA) called on Finance Minister Abul Hasan Mahmud Ali on Wednesday to discuss modifications and deletions to certain budget proposals pertaining to BEZIA in the proposed budget for fiscal year 2024-2025. Matiur Rahman, chairman and managing director of the Uttara...

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JANATA BANK HOLDS BRANCH MANAGERS' CONFERENCE -

Janata Bank PLC organised Branch Managers' Conference under Dhaka South Divisional Office at its head office on Monday. Md Abdul Jabbar, MD & CEO of the bank, was present as the chief guest.

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Agrani Bank opens 978th Branch in Nasirnagar

Agrani Bank PLC opened its 978th branch in Nasirnagar upazila, Brahmanbaria, on Wednesday. Mofiz Uddin Ahmed, Additional Secretary of the Financial Institutions Division attended the event as the chief guest. The branch was officially inaugurated by Kazi Abdur Rahman, Deputy Managing Director of Agrani Bank.

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China securities regulator says it welcomes Middle East investment

SHANGHAI/BEIJING, June 12 (Reuters): China's securities regulator said on Wednesday that it welcomes foreign financial institutions and investors, including those from the Middle East, to expand investment in China.The statement was made in response to a Reuters request seeking comment on news that Qatar's sovereign wealth fund had agreed to...

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Apple becomes the first $1 trillion global brand, Nvidia's value triples, report says

June 12 (Reuters): Apple has become the first brand to cross $1 trillion in brand value, a 15 per cent jump from last year, while chipmaker Nvidia's value has nearly tripled, a global ranking by Kantar's BrandZ showed on Wednesday.The iPhone maker retained its crown as the world's most valuable...

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