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economy

IBBL hands over SME credit to Helena

Dr. Atiur Rahman, Governor of Bangladesh Bank, on behalf of Islami Bank Bangladesh Limited handing over a cheque of tk. 20 lakh to Ms Helena Akter, Propritor M/s. O. Fashion Cafe and SME woman entrepreneur of Islami Bank, in Women Entrepreneur Congregation and Goods SMEExhibition 2016 at Bangladesh Bank Training Academy, Dhaka on March 9, 2016. Nazneen Sultana, Deputy Governor, Nirmal Chandra Bhakta, Executive Director, Bangladesh Bank, Dr. Towfiq Ahmed Chowdhury, Director General, Bangladesh Institute of Bank Management, KM Jamsedu...

BIAC stresses on ADR in financial sector

Bangladesh International Arbitration centre (BIAC), country’s first and only ADR institution, visited Bangladesh Bank, the central bank of Bangladesh recently and explained the need and use of alternative dispute resolution (ADR) in the financial sector. In the discussion meeting, BIAC gave a small presentation on how effectively ADR worked worldwide and how it can assist banks in recovery of bad debt and its other contractual disputes. Following the need and the use of ADR in Bangladesh, three prominent business FinalChambe...

#darazcares – a tribute to women

Daraz.com.bd, a leading online retailer teamed up with their brand ambassador Mushfiqur Rahim, Test Captain of BD cricket team and implemented an initiative of #DarazCares. This was carried out in association with ActionAid Bangladesh to support their project, the Happy Homes- Centres for the deprived and underprivileged girls of Dhaka city. As a tribute to International Women’s day, ActionAid helped Daraz host a program at their premises with 30 marginalized girls out of 150 of ‘Happy Homes’, a home supported by ActionAid Bangladesh which works for the improvement of the lives of these girls. Daraz

New project to trace Bangladesh shrimp back to farm

Consumers of shrimp farmed in Bangladesh may soon be able to trace the origins of what they are eating back to the producer, thanks to an e-traceability system launched by WorldFish. The system, including a new mobile application, is part of a five-month pilot to try out digital traceability in the shrimp sector under the USAID-funded Aquaculture for Income and Nutrition (AIN) project, writes Kate Bevitt, WorldFish. As part of the pilot project, 300-500 farmers will be connected to a collection center at Borodanga, southern Bangladesh, where the bulk of the country’s shrimp exports are produced.

Better Work Bangladesh evaluates progress

In its first stakeholders and buyers forum in Dhaka on March 6 and 7, Better Work Bangladesh took stock of progress made and discussed the future direction and activities of the initiative, the International Labour Organisation (ILO) said on its website. The events saw dialogue on the Better Work programme and its partnerships, achievements and challenges as it seeks to improve working conditions and competitiveness in the Bangladesh ready-made garment sector. betterTaking part in the two day event were some 200 members of ...

NBR for reforming VAT to uniform rate system

Chairman of the National Board of Revenue (NBR) Nojibur Rahman recently (Monday) said the NBR has now no choice but to implement the Value Added Tax and Supplementary Duty Act. The Chairman said global policy on finance and trades have been undergoing reform in terms of capacity building to ensure sustainable development of economy. Taking consideration of the reforming policy of G-7 and China, NBR is willing to take partnership with stakeholders like ICAB to generate more revenues through change of its revenue collection policies, he added. Change is permanent, NBR value this phenomenon and come up with policy reform initiatives to create a revenue culture in the country, he said.
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