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First TICFA meet begins Monday  

The first meeting of the Trade and Investment Cooperation Forum Agreement (TICFA), which has already been effective since January this year, will begin in the capital on Monday. “We’ve good preparations for the meeting.duty-free and quota-free (DFQF) market access and GSP will be the key agenda in the first TICFA meeting on Bangladesh side,” Commerce Secretary Mahbub Ahmed told BSS today (Saturday). ticfa2Mahbub described the two-day meeting as a high-level bilateral engagement between Dhaka and Washington and said it will help find ways for increasing t...

Atiur for raising tax rebate ceiling on CSR acts  

Bangladesh Bank governor Atiur Rahman on Saturday said the ceiling on tax exemption for Corporate Social Responsibility (CSR) activities by banks and financial institutions should be raised. “For enjoying the income tax rebate, I think, the minimum limit for expenditure on CSR by banks or financial institutions should be more than the existing ceiling of Tk 8 crore,” he said while addressing a roundtable discussion here. According to the Income Tax Regulation on CSR, the banking sector enjoys a 10-percent exemption of income tax against the money spent by them on CSR activities.

Airtel brings bundle package with Samsung Galaxy S5  

Airtel Bangladesh Limited, the fastest growing telecom operator of the country, is introducing an innovative offer of owning the brand new Samsung Galaxy S5 for their customers. Airtel’s valued customers will now be able to own Samsung Galaxy S5 and enjoy a massive bonus on 3G packages. Airtel customers can get the Galaxy S5 by visiting any Samsung smartphone café. The bundle offer includesa free S-view cover, 200% bonus on purchase of 1 GB and 5 GB 3G internet packs for 3 months and up to 12 Months of EMI facility. Airtel is offering 1GB Airtel 3G internet package at BDT 350 per month and 5GB Airtel 3G internet package at BDT 950 per month.

Head of World Bank Group’s MIGA to visit Bangladesh    

Keiko Honda, Executive Vice President of the Multilateral Investment Guarantee Agency (MIGA)-the political risk insurance and credit enhancement arm of the World Bank Group-will visit Bangladesh from April 27-30. MIGA headDuring her visit, Honda will meet with government representatives, state-owned enterprises, and banks to identify areas where MIGA can help the country mobilize capital for important power and infrastructure projects to meet its development goals. Since MIGA’s inception,the Agency has insured projects in Bangladesh in se...

Uzbekistan seeks Bangladeshi investment in textile sector    

The Government of Uzbekistan has invited Bangladeshi entrepreneurs to invest in the textile sector in Uzbekistan. During a meeting with Bangladesh Prime Minister Sheikh Hasina in Dhaka, the visiting Uzbek Minister for Foreign Economic Relations and Trade & Investment Elyor Majidovic Ganiev said the significant growth of textile and apparel industry in Bangladesh is an example which Uzbekistan could learn from Bangladesh. uzbek, bdMr. Ganiev said infrastructure is very cheap in Uzbekistan and urged Bangladeshi entrepreneurs to invest in the textil...

ILO unhappy over slow progress in compensating Rana Plaza victims

A top official of the International Labour Organization (ILO) on Thursday expressed displeasure over the slow progress in compensating the Rana Plaza victims saying it will be a ‘shame’ for all the stakeholders. “It’s very hard…very difficult to speak here today and say that the victims still can’t be compensated adequately,” said visiting ILO Deputy Director General for Field Operations and Partnerships Gilbert Fossoun Houngbo. ranaplazaHe was speaking at a function, titled ‘One Year after Rana Plaza: Progress and the way Forward’, at Ru...
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