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IBFB holds day-long training on VAT

In pursuit of its research and advocacy works for awareness, excellence and capacity development for the private sector, IBFB has now taken a step forward to impart knowledge by introducing Entrepreneurship Development Training for ensuring smooth operation of respective businesses of the entrepreneurs of Bangladesh. image001 As a start, IBFB organized a day-long Training Course on “VAT on Product, Procurement, Service and VAT at source in Bangladesh” on Saturday, 16 August 2014 at its Banani Office, Dhaka. Mr. Md. Lutfor Rahman, Commissioner ...

Border trade comes as boon for Tripura

The border trade between India and Bangladesh has come as a boon to people in land-locked Tripura, who were at a disadvantageous position compared to people in other states when it comes to availability of goods. Kolkata is 1,700 km from Agartala, while Dhaka and Chittagong are within 140 km range of Tripura. Goods from these two cities are made available in Tripura through Land Customs Stations. “We can take the advantage of proximity and therefore reduced transport cost to get the commodities here easily,” Prashanta Bhattacharya, President of Indo-Bangla Chamber of Commerce, Tripura Chapter, said.

16th amendment bill soon to impeach judges

The cabinet has approved the proposal for amendment of constitution to pave the way for restoring the parliament’s authority to impeach the Supreme Court judges for misconduct or incapacity. Once Constitution (16th amendment) Act-2014 is passed in the parliament, it will raise public confidence upon the judiciary, Cabinet Secretary M Musharraf Hossain Bhuiyan said while briefing media on the amendment move. Thigh courthe approval came at a regular meeting of the cabinet at Secretariat with Prime Minister Sheikh Hasina in the ...

Car loan rules relaxed in BD, Tata Movus launched in Nepal

Bangladesh Bank (BB) has increased its car loan ceiling from Tk 20 lakh to Tk 40 lakh (increased from INR 15.73 lakhs to INR 31.46 lakhs). The debt-equity ratio too has changed from 30:70 to 50:50, which means that a customer can now avail a loan of up to 50 percent the price of the car. The move comes on the back of higher market prices for cars, an the increased demand for vehicles. Car sales are expected to increase slightly in Bangladesh, thanks to this recent change. Tata-Movus-Nepal-Movus in Nepal Tata Motors laun...

Bangladeshi jobseekers being smuggled into Hong kong

The illegal jobseekers, mostly from Bangladesh and Pakistan are allegedly being smuggled into Hong Kong (HK) through Shenzhen of China, an HK-based English daily reported on Sunday. The South China Morning Post report claimed that illegal immigrants from Bangladesh or Pakistan had entered HK by boat in the past years. [caption id="attachment_8803" align="alignleft" width="300"]china-sampan Middlemen are supposedly paid HK$10,000 to HK$12,000 to take illegal immigrants to Hong Kong by high-speed boat. Photo taken from South China Morning Post....

IBBL Khulna zone holds Business Conference

Business Development Conference of Khulna and Barisal Zone of Islami Bank Bangladesh Limited (IBBL) was held on Sunday (August 17 and 18, 2014) at a local hotel in Khulna. KhulnaEngr Mustafa Anwar, Vice Chairman of the Bank was present in the conference as Chief Guest. Presided over by Mohammad Abdul Mannan, Managing Director of the Bank the conference was attended by Md. Shamsuzzaman, Engr. Mohammad Ali, Abu Naser Muhammad Nazmul Bari and Md. Abdul Kuddus, Executive Vice Presidents, Md. Siddiqur Rahman, Dr. Md. Kamal Uddin Jasim and Md. Maksud...
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