Dollar stable against taka, hit record low against yen
It was a busy week for central banks around the world, with monetary policy meetings in the US, NZ and Japan. This made for a very interesting end to the week for the FX markets as investors digested the deluge of information coming from policymakers.
Market observers say the lingering impact of these game-changing meetings, and possibility of fireworks in this week’s policy meeting in Europe as well, may continue to influence investor sentiment for some time to come as the market reassesses prior assumptions about the trajectory of monetary policy in these countries.
Income tax return extended till Nov 30
The National Board of Revenue (NBR) has extended the deadline for submitting income tax until November 30 this year.
The decision was taken following written requests submitted by several businesses’ and professional bodies, said Syed MA Momen, public relations office of the NBR, today.
According to him, many people could not file their tax returns as they are yet to return from Eid-ul-Azha and Puja vacations and many others are still abroad for hajj.
“And so under this circumstances, the deadline for submitting the income tax has b...
The decision was taken following written requests submitted by several businesses’ and professional bodies, said Syed MA Momen, public relations office of the NBR, today.
According to him, many people could not file their tax returns as they are yet to return from Eid-ul-Azha and Puja vacations and many others are still abroad for hajj.
“And so under this circumstances, the deadline for submitting the income tax has b...
Modern electronic systems to facilitate business: WB report
A new World Bank Group report finds that four of eight economies in South Asia implemented at least one regulatory reform making it easier for local entrepreneurs to do business in 2013/14. Three countries, Bangladesh, Nepal, and Pakistan, focused their efforts on adopting modern electronic systems to facilitate business activity.
‘Doing Business 2015: Going Beyond Efficiency’ finds that since 2005, all economies in the region have taken steps to improve the business environment in areas measured by the report. India implemented the region’s largest numb...
‘Doing Business 2015: Going Beyond Efficiency’ finds that since 2005, all economies in the region have taken steps to improve the business environment in areas measured by the report. India implemented the region’s largest numb...
Banks cautioned over online scam by hackers
The government has asked the management of state owned commercial banks (SoCBs) to be highly cautious and take necessary steps to avoid any online fraudulent activities by hackers, official sources said.
The ministry of finance (MoF) alerted chief executives of SoCBs at a recent meeting while reviewing the safety measures of online transaction system of banks, they added.
The caution came following detection of forgery of US$0.25 million of Sonali Bank Ltd by hackers through hacking SWIFT (Society for Worldwide Interbank Financial Telecommunication) message.
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The caution came following detection of forgery of US$0.25 million of Sonali Bank Ltd by hackers through hacking SWIFT (Society for Worldwide Interbank Financial Telecommunication) message.
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Shrimp export growth slowing on weak demand
Shrimp exports are facing a slowdown in the wake of reduced demand for locally-grown black tiger shrimps in major markets.
An increased supply of vannamei or white shrimps from other exporting countries and their reduced prices account for the slowdown.
Buyers are more interested in low-priced vannamei than in expensive black tiger shrimps, said Khan Habibur Rahman, deputy managing director of Lockpur Group, a leading seafood exporter, reports TheDailyStar.
Shrimp exports rose 3.59 per cent year-on-year ...
Buyers are more interested in low-priced vannamei than in expensive black tiger shrimps, said Khan Habibur Rahman, deputy managing director of Lockpur Group, a leading seafood exporter, reports TheDailyStar.
Shrimp exports rose 3.59 per cent year-on-year ...
Jump in machinery imports raises money laundering suspicion
The imports of capital and other industrial machinery increased by 21 per cent in the first quarter of the current financial year compared with that in the same period of the FY2013-14 raising a suspicion of money laundering.
According to the latest Bangladesh Bank data, the import of capital machinery and machinery for miscellaneous industries increased to $1.65 billion in July-September of the FY15 from $1.37 billion in the same period of the FY14.
The year-on-year growth in imports of industrial machinery was around 15 per ...
The year-on-year growth in imports of industrial machinery was around 15 per ...
