The National Board of Revenue and Bangladesh Bank are going to introduce electronic letters of credit to prevent use of fake LCs as well as to facilitate importers and exporters in smooth international trade, officials concerned said.
They said the system would check tax dodging through submitting fake LCs to the customs offices.
The online or e-LC system will be introduced under the National Single Window in which all activities related to import and export to be conducted online instead of existing manual system, they said.
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Expressing deep shock over the attack on former foreign secretary Reaz Rahman, the United States has urged Bangladesh government to investigate, track down, and hold accountable those responsible for the act.
“There is no justification for such outrageous and cowardly acts in a democratic Bangladesh; we condemn the use of violence for political objectives,” Deputy Spokesperson of the US Department of State Marie Harf said in a press statement.
She said, “We urge all sides to refrain from acts of violence. We ca...
A milad and dua mahfil for the departed soul of eminent Social Worker & Industrialist, Chairman of Karnaphuli Group Hedayet Hossain Chowdhury, beloved father of the Chairman of ONE Bank Limited, HRC Family of Companies and the Editorial Board of the Daily JaiJaidin Mr. Sayeed H. Chowdhury was arranged jointly by ONE Bank Limited, HRC Family of Companies and the Jaijaidin on Friday, January 09, 2015 at the premises of HRC Products Limited.
The three sons of late Mr. Hedayet Hossain Chowdhury, the eldest son Mr. Sayeed Hossain Chowdhur...
The dollar remained at its all time high level at Tk 77.95 per unit against Bangladesh taka in interbank trade on Monday due to stiff demand from importers. This helped the local currency to gain some points against the euro, pound sterling and other EU currencies, dealers said.
Meanwhile, the dollar fell in Asia today after a report revealed a decline in US wages that could dampen consumer spending and delay an interest rate increase. Japanese financial markets were closed for a public holiday, dealers said, the Daily Observer reports.
In the domestic market, despite the country-wide political tension over the blockade programme of opposition political parties, interbank market remained active with higher volume of transactions after the resume of operations in international fore...
Malaysian Minister for International Trade and Industry Mustapa Mohamed arrived here on Monday on a three-day visit looking for ways to expand trade ties between the two countries.
The Malaysian minister will have talks with Commerce Minister Tofail Ahmed on Tuesday morning at city’s Sonargaon Hotel.
They will discuss ways to expand Bangladesh’s export to the Malaysian market and boost Malaysian investment in Bangladesh, an official at the Commerce Ministry told UNB on Monday.
The meeting with Tofail is also expec...
India on Monday said it is the government and people of Bangladesh who will decide what sorts of a society they want.
“It’s for the government and people of Bangladesh to determine what sorts of a society they want and what the issues they face,” Spokesperson of Indian Ministry of External Affairs Syed Akbaruddin told reporters at a press conference in New Delhi.
The official came up with the remark when a reporter wanted to know whether India is playing any role or will have idea to play role in the future as BNP leaders are seeking India’s s...
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