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Incentives to lower revenue from RMG sector: CPD

Government incentives to apparel exporters is estimated to cause about Tk 500 crore lower revenue from the sector, said a CPD report published on Saturday. CPD-GarmThe report, titled ‘Analytical Review on Bangladesh’s Macro-economic Performance in FY2013-14’, said, “The revenue foregone from reduction of advanced income tax (AIT) on apparel exports alone could be worth more than Tk. 500 crore.” “The recently announced incentives to business may also result in somewhat lower tax collection,” said the report, “T...

Democracy in Bangladesh, a prisoner of history

It wouldn’t be wrong to say that modern democracy in Bangladesh is a prisoner of this history.
It was an election of the ruling party, by the ruling party and for the ruling party. That is how one can describe the recent general elections in Bangladesh. It was an election of the ruling party, by the ruling party and for the ruling party. That is how one can describe the recent general elections in Bangladesh. More than half of the candidates won the elections without even contesting and the remaining half, in a parliament of 300, romped home with a token fight between friendly parties. <...

Bangladesh releases first GM food

Authorities in Bangladesh have released the country's first ever genetically modified crop to farmers amid criticism from environmental groups, officials said today. Bangladesh Agricultural Research Institute (BARI) has begun distributing the seedlings of four types of genetically modified aubergine following approval from the government's biosafety regulator, reports AFP. bt brinjal 22"We have released the varieties after extensive tests on environmental and health impacts. They are comple...

ACCA Fair kicks off in Ctg

Association of Chartered Accounts of Bangladesh (ACCA) has organized a fair namely ‘ACCA Fair-2014’ in Chittagong. Syed Sazid Hossen, managing director of Chittagong Stock Exchange Ltd inaugurated the fair on Saturday. DSC_0043Syed Sazid put stressed on the code of ethics in professional attitude. He discussed about the contribution of ACCA profession in Bangladesh. Country manager of ACCA, Mohua Rashid and manger of British Council, Chittagong Nahid Khan were present on the occasion.

Airtel to expand technology in rural Bangladesh

Airtel Bangladesh Ltd, the fastest growing telecom operator of the country, has partnered with Ministry of ICT to develop the capacity of youth. The company and MoICT had a discussion on Saturday about training the youth on mobile application development and thus enabling them to transit from freelancers to entrepreneurs. MoICTThe project will be rolled out across all districts and Upazilas of the country phase by phase. Under this project Airtel Bangladesh may provide WiFi connectivity to specific MoICT sugg...

PBL holds 1st managers’ conference in 2014

The 1st conference- 2014 of Regional and Corporate Branch Managers of Pubali Bank Limited (PBL) was held at the bank’s head office in the city on Saturday. Hafiz Ahmed Mazumder, Chairman, Board of Directors of Pubali Bank Limited was present as chief guest. Directors of Pubali Bank Ltd Syed Moazzem Hussain, Muhammad Faizur Rahman and M. Kabiruzzaman Yaqub were also present as special guests. Managing Director Helal Ahmed Chowdhury presided over the meeting. Pubali Managers Conference
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