Burma to summon Bangladesh envoy over Rohingya article
The Burmese Ministry of Foreign Affairs plans to summon the Bangladeshi ambassador to object to an article in the Dhaka Tribune which opined that Burma’s Rohingyas be offered a referendum on whether to secede from the Union, said Ye Htut, spokesman for the President’s Office of Burma on Monday.
“We will never allow such damage to the sovereignty and territory of our country,” Ye Htut said. “Therefore we will object to this kind of writing. We will also monitor our own country to ensure the same situation is not replicated.”
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Progress not enough in textile safety
Many textile workers who survived the RanaPlaza disaster in April 2013 are still waiting to see compensation and better workplace safety standards. Some significant steps have been taken, but progress has been slow.
With the anniversary of Bangladesh’s worst textile factory accident coming up next month, the ILO is calling on Western companies to donate to the compensation fund for the victims and their families.
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Islami Bank’s profits fall 10pc
Islami Bank's net profits declined 10 percent year-on-year to Tk 504.95 crore last year.
Due to the slide in profit, the bank announced lower dividends for 2013 compared to the previous year.
On Saturday, the bank recommended 8 percent cash dividends and 10 percent stock dividends for 2013, according to the company's post on the Dhaka Stock Exchange website yesterday.
The bank, listed on the stockmarket in 1985, had disbursed 8 percent cash and 17 percent stock div...
Due to the slide in profit, the bank announced lower dividends for 2013 compared to the previous year.
On Saturday, the bank recommended 8 percent cash dividends and 10 percent stock dividends for 2013, according to the company's post on the Dhaka Stock Exchange website yesterday.
The bank, listed on the stockmarket in 1985, had disbursed 8 percent cash and 17 percent stock div...
Tax cut on RMG exports for 15 months
The National Board of Revenue is set to issue a statutory regulatory order reducing tax at source on export of apparel items to 0.30 per cent from the existing 0.80 per cent for 15 months, officials of the NBR said.
They said that readymade garment exporters would get the benefit for maximum 15 months as the revenue board decided to offer the tax waiver up to June, 2015, reports the New Age.
‘After getting approval from the prime minister, Sheikh Hasina, last week, the revenue board on Sunday sent a draft of...
They said that readymade garment exporters would get the benefit for maximum 15 months as the revenue board decided to offer the tax waiver up to June, 2015, reports the New Age.
‘After getting approval from the prime minister, Sheikh Hasina, last week, the revenue board on Sunday sent a draft of...
E-payment cost to see major reduction
Mobile Point of Sale (mPOS) service, expected to be launched within the next few months in Bangladesh, will significantly reduce the electronic payment cost and open another door of accelerating inclusive banking in Bangladesh, a top official of Visa Inc said.
“Some banks are now in the process of buying the mPOS devices; within the first half of this year, you will see it in Bangladesh,” Uttam Nayak, Group Country Manager, India and South Asia, Visa Inc, told the FE in an interview at a city hotel recently, reports Financial Express (FE).
“mPOS will really open the door of inclusive banking,” he said.
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Aus, aman rice production reaches 15.35m tons
Country’s rice production from the Aus (March - June) and Aman (May - October) crops in FY 2013-14 (July - June) is estimated at around 15.35 million tons, up about 2% from about 15 million tons produced in FY 2012-13, according to the Bangladesh Bureau of Statistics (BBS).
BBS says that rice production from the FY 2013-14 Aman crop, which contributes about 38% of the total rice production in the country, stands at around 13 million tons, up about 1% from about 12.9 million tons in FY 2012-13. BBS says...
BBS says that rice production from the FY 2013-14 Aman crop, which contributes about 38% of the total rice production in the country, stands at around 13 million tons, up about 1% from about 12.9 million tons in FY 2012-13. BBS says...
