Second-tier manufacturers of CKD (completely knocked down) motorcycles will enjoy full waiver from payment of Supplementary Duty (SD) from now on, says an order of the revenue board.With the duty benefit, local motorcycle manufacturers will be able to produce bikes instead of just assembling them.The National Board of Revenue (NBR)...
Read moreNorth America-based apparel brands and retailers on Wednesday launched a new platform, 'Nirapon', to oversee the ongoing safety, training and helpline efforts at the Alliance-listed garment factories. A total of 21 global apparel brands with more than a dozen of former Alliance-signatory members, including Gap, Walmart, JC Penny and VF,...
Read moreThe Asian Development Bank (ADB) will provide US$ 14.2 million as loan to support the expansion plans of Sylvan Agriculture Limited (SAL), a PRAN-RFL Group (PRAN) company.The loan aims to enhance inclusiveness in the agribusiness sector by lifting the incomes and skills of farmers, particularly women, an ADB press release...
Read moreThe International Food Policy Research Institute (IFPRI) has named Dr. Shahidur Rashid, a native of Bangladesh, as new regional director for South Asia, based in New Delhi, India. Dr. Rashid will assume his new position on April 16, 2019, succeeding Dr. PK Joshi of India, said a press release, issued...
Read moreThe commerce ministry of India has recommended extension of anti-dumping duty on jute sacking bags from Bangladesh to guard domestic players from cheap imports, according to a report by Business Line of India.The ministry's investigation arm Directorate General of Trade Remedies (DGTR) in its probe report has concluded that imports...
Read moreUS officials plan to travel to China next week to resume face-to-face talks aimed at ending a trade war between them, media reports said, reports BBC.The US and China have imposed tariffs on billions of dollars' worth of one another's goods over the past year.A truce at a G20 meeting...
Read moreRIYADH, Mar 20 (AFP): Saudi Arabia's King Salman on Tuesday announced recreational projects in the capital Riyadh worth $23 billion, officials said, in a new drive to transform the congested city.The four projects - an entertainment park, a sports boulevard, a tree-lined oasis and an arts centre - are the...
Read moreMUMBAI, Mar 20 (PTI): The rupee fell 19 paise to 69.15 against the US dollar in early trade Wednesday after crude price rose to a four-month high in global market amid increased demand for the American currency from importers.At the interbank forex market, the rupee opened lower at 69.11 and...
Read morePosts, Telecommunications and Information Technology Minister Mustafa Jabbar addressing a seminar at the BASIS SoftExpo in the capital on Tuesday
Read moreCEO & Managing Director of IDLC Finance Limited Arif Khan and President of Gulshan North Club Limited M Amanullah formalising the signing of an agreement between the two companies in the capital recently. Under the deal, the club mandated the IDLC Finance as their corporate advisor and arranger for raising...
Read moreSouth Bangla Agriculture and Commerce bank's Head of Banking Operations Division Md Bayazid Sk, Branch Manager and FVP Md Delowar Hossain Mondol inaugurating the bank’s newly-shifted branch at Talukdar Plaza of Barogola at Rangpur Road on Tuesday
Read moreLONDON, Mar 20 (AFP): Flagging European home-improvements retailer Kingfisher announced on Wednesday the departure of chief executive Veronique Laury, and signalled fresh closures of underperforming stores.The company did give a precise reason for the exit of the Frenchwoman, who has been CEO at the London-listed company since late 2014. "Kingfisher...
Read moreBEIJING, Mar 20 (Reuters): Chinese dockless bike-sharing company Mobike said it will pull out of some Asian countries and re-evaluate its units in other overseas markets amid a wide-scale contraction in the market and the bankruptcy of top competitor Ofo.The Beijing-based firm, which is backed by Tencent Holdings Ltd., has...
Read moreChief Executive Officer (CEO) of Porcelanosa Bangladesh Aritz Izura and CEO of Ranaissance Décor Limited Muneeza Asaf Ally posing for photo after signing a partnership agreement on behalf of their respective sides in the city recently. Under the deal, the two companies will collaborate with each other on future home...
Read moreChief Executive Officer and Managing Director of Janata Bank Ltd. Md Abdus Salam Azad in a photo session with others after he inaugurated the 20-day managers' induction course of the state-owned commercial bank as the chief guest at Janata Bank Staff College in the city recently
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