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True information in financial statements stressed at ICAB confce

Speakers at ICAB members’ conference on Thursday laid stress on professional integrity, transparency, accountability, proper presentation of financial statements and quality audit report on it for ensuring proper development of economy of the country. Members Conference PictureTo understand the impact of changes in Tax, VAT, Customs Regulations and overall amendments made through Finance Act and SROs, like other year the Institute of Chartered Accountants of Bangladesh (ICAB) organized Members’ Conference on...

Crippling cost of climate change adaptation

With a population of 140 million, Bangladesh is one of the world’s most populated countries. It is also one of the most vulnerable to the impacts of climate change. Cyclones, floods and droughts have long been part of the country’s history but they have intensified in recent years. As a result of the long exposure to these hazards, Bangladesh is a world leader in adaptation strategies but this has come with a heavy price tag. climateTo find out exactly how much tax payers’ money has been absorbed by efforts to tackle the effects of climate cha...

Bangladesh pushes global communities for gender equity

Bangladesh has urged the global communities to keep gender equity as a ‘stand-alone’ goal in the post-2015 development agenda. Foreign Minister Abul Hassan Mahmood Ali made the call on Monday at New York while attending a high-level meeting on women empowerment. US Secretary of State John Kerry chaired the ‘High-level Meeting of Equal violance against womenFutures Partnership’ themed on “increasing women’s representation in leadership positions”. The meeting was held on the sidelines of the UN General Assembly that woul...

Regulators look to factoring to bolster int’l trade

Regulators in Bangladesh are looking to incorporate factoring as a financing option to help expedite the country’s import/export activities and to provide a means for its manufacturers and exporters to avoid problems associated with deferred payments from buyers. Bangladesh BankThough factoring, instead of securing a loan, business owners sell accounts receivable (invoices) at a discount to a third-party funding source to raise capital. The source, or factor, then advances most of the invoiced amount to the company immediately an...

Tenaga Nasional shares up on Bangladesh deal

Tenaga Nasional Bhd's shares rose 2.0 sen to RM12.30 as the market reacts positively to its venture in Bangladesh. As at 11.58am, a total of 2.14 million shares were traded. tenangaTenaga Nasional has signed a memorandum of understanding with Powertek Bhd and Bangladesh Power Development Bhd to develop a 1,320-megawatt coal-fired power plant at Maheshkali, Bangladesh, on a build-own-operate basis. AmResearch said it was neutral on the venture as it is part of Tenaga Nasional's strategy of overseas expansion. "On the domestic front, we remain conv...

Govt poised to request bids for telecom satellite project

The Bangladesh National Economic Council’s approval of the long-delayed Bangabandhu 1 telecommunications satellite appears to hinge on successful negotiations for the long-term lease of another nation’s orbital slot given the obstacles to using a Bangladesh-registered position, government and industry officials said. telecomAfter several years of attempts to coordinate one of its several orbital positions, especially at 69 and 102 degrees east longitude, Bangladeshi authorities have now turned toward the 26-nation Intersputnik organization of Mo...
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