Friday , March 22 2019
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Bangladesh

2 Saudi Airlines crew among 3 held with gold at Dhaka airport

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Customs officials today detained three women including two Saudi Airlines crew members from Shahjalal International Airport in Dhaka early today for carrying gold illegally. The two cabin crew members of Saudi Airlines are Sayma Akhter and Farjana Afrose while the third woman identified herself as Razia Sultana, 50, an official of Premier Bank. All of them are Bangladeshi citizens. Razia ... Read More »

The water business in the south west of Bangladesh

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I am very thankful to this story as it is for me, for the people of Satkhira, Khulna and many remote villages in these districts. Water here indeed is very expensive. Compared to the luxury that we get in Dhaka and other cities where we have access to all purpose water for only BDT 400 a month, here a family ... Read More »

Bangladeshi Officials Find 106 Gold Bars Hidden in Boeing 777 Bathroom

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Dhaka : Seems likely somebody in Asia has the smuggler’s blues today. On Monday, authorities in Bangladesh found and seized 106 gold bars hidden inside the bathroom of an airplane that had just landed from the United Arab Emirates. The 106 bars, which were seized at Shahjalal International Airport in Dhaka, Bangladesh, weighed in at 12 kilograms (around 26.5 pounds)—which, ... Read More »

Women-led businesses on digital platforms

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Gender balance is not only a women’s issue, it is a business issue. A recent study by the McKinsey Global Institute estimates that women in Asia Pacific, if given equal opportunities at work, would create additional GDP equivalent to an economy the combined size of Germany and Austria each year. But looking beyond economic gains, when women lead, they are ... Read More »

Nepal, Bangladesh sign double taxation avoidance agreement

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KATHMANDU: Nepal and Bangladesh signed an Agreement Tuesday on the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income. “The agreement concluded today aims at providing settlement between the tax claims of the Nepali government and the Bangladeshi government,” Nepal’s Finance Ministry said in a statement. “It would also eliminate double taxation, promotion ... Read More »

ICC chair praises MDG success of Bangladesh

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International Chamber of Commerce’s Chairman Paul Polman has praised Bangladesh for the country’s major role in the achievement of the Millennium Development Goals (MDGs) globally. He spoke while addressing the guests at a reception hosted by the ICC Bangladesh at a city hotel in Dhaka on Sunday, according to a statement. Polman said the MDGs had achieved notable progress on ... Read More »

Bangladesh shuts down popular blogging site in crackdown

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Dhaka : Bangladesh’s most popular Bengali blog platform has been blocked by telecom regulators in what critics Wednesday denounced as an assault on freedom of expression. The somewhereinblog.net platform was among more than 20,000 websites that internet service providers were ordered to shut down as part of a crackdown on online pornography and gambling. But the platform, which hosts more ... Read More »

Two suspects who evaded customs duty payment remanded

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Two suspects, who had evaded paying Rs 40 million Customs duty pay on a stock of imported ‘Beedi’ leaves, have been further remanded until 5th of March. The Colombo Magistrate had issued the order when the two suspects were produced before the court today (25). A container of ‘Beedi’ leaves was imported to the country recently under the guise of ... Read More »

Border Security Force Nabs Smugglers, 300 Kgs Of Beef Recovered In Shillong

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SHILLONG: Border Security Force troops apprehended five cattle smugglers (four Bangladeshi nationals and one Indian) at Muktapur, West Jaintia Hills, Meghalaya, and recoverd beef (330 kg) worth Rs 90,000 (Bangladesh Taka) from them. The smugglers have been identified as Noor Islam (45), Abdul Kalam (18), Shwel Ahmed (26), Kamal Miya (38), and Samiwell Lyngdoh (49). The arrested Bangladeshi smugglers told ... Read More »

Malaysian companies may create palm oil packaging production in Uzbekistan

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Uzbek Ambassador to Malaysia Ravshan Usmanov met with Deputy Director of the Malaysian Palm Oil Council Faisal Iqbal to discuss issues of the state and prospects for the development of trade and economic cooperation on February 18, 2019, Trend reports via Uzbek media. The main objective of MPOC (Malaysian Palm Oil Council) is to attract and implement innovative technological solutions ... Read More »

UAE wants to expand business in Bangladesh

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The UAE economic minister proposes forming a joint business forum to focus on investment opportunities, potential and markets in Bangladesh The United Arab Emirates (UAE) wants to expand its business in Bangladesh, especially investing in various sectors like energy, port and industrial zone, in a newer way, said it’s Economic Minister Sultan Bin Saeed Al Mansoori on Sunday. The UAE ... Read More »

Yaba Smuggling in Cox’s Bazar: 500 agents now take full control

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A syndicate of around 500 paid agents and carriers, who once oversaw yaba smuggling on behalf of their godfathers and dealers, has now taken control of the trade in Teknaf and Ukhia, the entry points of the drug to Bangladesh. They are running the business independently and smuggling in the pink pills from Myanmar. Of them, 30 are big traders, ... Read More »

NBR: Customs to attain international standard by 2021

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The country’s customs system will achieve international standard by 2021, according to the National Board of Revenue (NBR). Speaking as the chief guest of a workshop on post clearance audit in the port city, Muhammad Aminur Rahman, NBR member, said  they are now working to ease doing business and ensure an investment-friendly environment. “In compliance with the Trade Facilitation Agreement (TFA) ... Read More »

NBR body for withdrawal of VAT-free turn

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A committee of National Board of Revenue has recommended withdrawal of VAT-free turnover limit of Tk 36 lakh for small traders under the new VAT law, which has remained suspended. As per recommendation of the committee, there should not be VAT exemption for any businesses and all should pay VAT, if necessary, at a minimum rate, officials said. The committee ... Read More »

Trade deficit narrows by 11% in first half of FY2018-19

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Dhaka : At the end of December 2018, trade deficit stood at $7.66 billion, down from $8.62 billion last year Bangladesh’s trade deficit has narrowed by 11% in the first six months of the current fiscal year (FY2018-19), owing to a rise of exports and a slowdown of imports, according to central bank data. At the end of December 2018, ... Read More »

Bangladesh to sue Philippine bank over $81m cyber heist

FILE PHOTO - Maia Santos Deguito, a branch manager of the Rizal Commercial Banking Corp (RCBC) reacts during a money laundering hearing at Senate in Manila March 15, 2016.  REUTERS/Romeo Ranoco/File Picture

Dhaka : Bangladesh will file a lawsuit in New York on Wednesday against a Philippine bank over its involvement in one of the biggest-yet cyber heists, the country’s central bank governor said. Unidentified hackers stole $81m from the Bangladesh central bank’s account with the US Federal Reserve in New York in February 2016. The money was transferred to a Manila ... Read More »

Bangladesh Customs celebrate the International Customs Day

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Dhaka:Bangladesh Customs is going to celebrate the International Customs Day 2019 on January 26. The day will be observed along with a total of 183 member countries of the World Customs Organisation (WCO). The WCO is dedicating 2019 to the swift and smooth cross-border movement of goods, people and means of transport, with the slogan “SMART(Secure, Measurable, Automated, Risk Management ... Read More »

Climate change creates a new migration crisis for Bangladesh

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The country, already grappling with the Rohingya crisis, now faces a devastating migration problem as hundreds of thousands face an impossible choice between battered coastlines and urban slums. DHAKA, BANGLADESHGolam Mostafa Sarder starts every day before dawn, rising from a thin reed mat in the shed that he shares with fifteen roommates. Each has just enough space to lie flat. ... Read More »

Bangladesh telecom regulator moves to keep market competitive

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The Bangladesh Telecommunication Regulatory Commission or BTRC recently approved the regulations. Out of the four mobile phone operators in Bangladesh, only Grameenphone currently makes up more than 40 percent of the total market share in terms of subscriber base, according to the BTRC data. “Everyone can do business once the SMP regulations are implemented. No-one will keep more than 40 ... Read More »

Bangladesh’s growth-minded iron lady vies for re-election

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DHAKA: Bangladesh (AP) — Bangladesh Prime Minister Sheikh Hasina is poised to win a record fourth term in Sunday’s elections, drumming up support by promising a development bonanza as her critics question if the South Asian nation’s tremendous economic success has come at the expense of its already fragile democracy. Sunday’s polls, the 11th since Bangladesh won independence from Pakistan ... Read More »