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National Feed: best player of the day on trade debut  

Share prices of National Feed Mill more than quadrupled to Tk 42.5 on its trade debut yesterday. The company’s flying start boosted turnover, the most important indicator of the stockmarket, by 13.4 percent to Tk 285.14 crore compared to the previous day. National Feed Mill captured 12.67 percent of the total turnover, Daily Star reports. bangladesh_stocks_dha01Listed with a face value of Tk 10 per share, the company oscillated between Tk 49 and Tk 40, before closing at Tk 42.5 on Dhaka Stock Exchange. T...

Govt proposes multiple VAT rates  

A government review panel has suggested the revenue authority impose multiple VAT rates, instead of the universal 15 percent in all areas, to help flourish micro and small businesses and protect consumers. “Multiple rates of VAT are present in many countries, including France, which is the pioneer in introducing value added tax,” said Md Jashim Uddin, co-chairperson of the committee and a businessman, reports the Daily Star. gov-logo-1_4Besides, a 15 percent VAT will lead to spiral in prices of various goods and services and affect...

Outsourcing policy for banks

Bangladesh Bank has, for the first time, prepared an outsourcing policy for banks using third-party service at home and abroad to help them mitigate risks and meet regulatory requirements. Banking institutions throughout the world are increasingly turning to outsourcing as a means to reduce costs and achieve strategic aims. bbWhen these third-party service providers handle much of banks’ activity—regulated or unregulated, it may impact their ability to manage their risks and monitor compliance with regulatory requirements, the BB said in a notice yesterday. Sub...

Rajiv Shah, the next World Bank President ?

Outgoing US Agency for International Development Administrator Rajiv Shah, who is preparing to vacate his position early next month, might have left the agency much sooner, according to one of his former top aides — if only he had gotten the top job at the World Bank. rajib ShahTwo years into his term, Shah was under consideration for the presidency of the World Bank, according to an op-ed written by his former chief of staff. “Astonishingly, at aged 38, Raj was among the candidates being considered for the World Bank presidency,” writ...

UAE invests $ 2.9b in Bangladesh

According to the Bangladesh Business Council (BBC) in Dubai, the UAE has become one of the major foreign investors in Bangladesh with nearly USD2.9 billion investments made in the country, Khaleej Times reported. bd-uae“We expect more investment flow from the UAE to Bangladesh after the successful visit of Bangladeshi Prime Minister during the last week of October 2014,” the Bangladesh Business Council (BBC) President said. The council said that those investments were allocated for a number of projects, including the construction of a third sea...

BAFEDA greets BB Governor

Mohammed Nurul Amin, Chairman of Bangladesh Foreign Exchange Dealers’ Association (BAFEDA) and Managing Director of Meghna Bank Limited, along with a delegation greets Bangladesh Bank (BB) Governor Dr. Atiur Rahman at the Bangladesh Bank on Monday (19 January 2015) for winning the best Central Bank Governor Award for Asia Pacific region. IMG_4221Mohammad Abdul Mannan, Vice Chairman, BAFEDA and Managing Director, Islami Bank Bangladesh Limited, Md. Abdus Salam, Treasurer, BAFEDA and Managing Director, Janata Bank Limited, Ali Reza Iftekhar, Ma...
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