Category: Business

  • Risk may increase if precautions are not taken

    Paper Crisis: Reduce Duty, Increase Import

    Compared to the last time, one third of the books could be published. The price can increase by 30 to 40 percent. According to a report by Prothom Elo, the demand for paper increases when it comes to book fairs in February and the time for the publication of new textbooks in January. On getting…

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  • Coal, gas lead 2022 commodities rally;  fear of recession happy new year

    Coal, gas lead 2022 commodities rally; fear of recession happy new year

    Newcastle coal futures are up almost 140% in 2022, the biggest jump since 2008. US gas futures and Dutch bulk gas prices are up more than 20% each, rising for the third year in a row. Gas prices are expected to remain higher amid limited new supplies as Europe continues to import LNG to rebuild…

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  • Pets are not allowed on Dhaka Metro trains

    Pets are not allowed on Dhaka Metro trains

    At Agargaon station, the first sign near the ticket counter warns people against traveling with pets. People will not be allowed to carry dangerous things like explosives in trains. Spitting of chewed betel leaves is strictly prohibited. Eating is not allowed on platforms and trains. Garbage cannot be thrown anywhere on the platform. The authorities…

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  • PM to inaugurate Metro Rail on December 28

    30 BRTC buses to ferry passengers from metro rail stations

    He said that since BRTC operates buses all over Dhaka, more routes would be added to the metro rail passenger service if necessary. Prime Minister Sheikh Hasina will inaugurate the country’s first metro rail service on Wednesday and passengers will be allowed to travel the next day.

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  • How to travel by metro rail in Dhaka: Mind the difference

    How to travel by metro rail in Dhaka: Mind the difference

    Commuters go through a few steps to travel by metro rail, the first mass rapid transit system in Dhaka, one of the world’s most congested cities. The Uttara-Agargaon route has 17 stations, each with three floors, to be inaugurated in the first phase on December 28. The government is planning to open the next route…

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  • Afza will operate Metro Rail tomorrow

    Afza will operate Metro Rail tomorrow

    Siddiqui said that after returning to Dhaka, he also completed another four-month training. He said that currently Afija is undergoing technical and practical training at Metro Rail Depot in Diyabari, Uttara, while experts from Japan’s Metro Rail manufacturing company Mitsubishi-Kawasaki are training the operators on technical and practical issues. Initially, the metro train will run…

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  • Metro Rail: Fine 10 times the fare or jail for extra ride

    Metro Rail: Fine 10 times the fare or jail for extra ride

    The cards will initially be available at metro rail stations and the concerned authorities have taken initiative to appoint several firms to sell the cards outside the stations. One can get MRT pass by registering on DMTCL (Dhaka Mass Transit Company Limited) website and app. Registration will open on Thursday. No registration will be required…

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  • Foreigners take home a record $101m in 2021

    Foreigners take home a record $101m in 2021

    According to a 2020 report by Transparency International Bangladesh (TIB), 260 billion taka is laundered annually from Bangladesh on the pretext of salaries and allowances of foreign workers. At least 250,000 foreigners work in Bangladesh. The TIB report said that 160,000 of them came to the country on foreign tourist visas and worked here, giving…

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  • Shares of India's NDTV soar as founders plan to sell stake to Adani

    Shares of India’s NDTV soar as founders plan to sell stake to Adani

    Shares of Indian news broadcaster New Delhi Television Ltd rose over 4% on Monday after founders Prannoy Roy and Radhika Roy said they would transfer their 27.26% stake in the company to Adani Group. Following the deal, the Indian conglomerate, led by billionaire Gautam Adani, will control 64.71% of NDTV, while the founders will jointly…

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  • Asian shares start the week on a positive note

    Asian shares start the week on a positive note

    However, the personal consumption expenditure price index, closely watched by the Federal Reserve as a gauge of inflation, rose 0.1 percent from October to November and 5.5 percent from November last year. But analysts expect caution until more concrete signs emerge that inflation is under control. Stephen Innes of SPI Asset Management said in a…

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  • Bangladesh to start operation from Monday to save tanker filled with 1.1 million liters of oil

    Bangladesh to start operation from Monday to save tanker filled with 1.1 million liters of oil

    Padma Oil’s Barisal depot manager MD Lokman said the vessel was bound for Chandpur after loading 898,000 liters of diesel and 234,000 liters of octane at the Chattogram port. “Some diesel spilled from the sunken tanker. The leak was stopped with the help of the Coast Guard.” KM Shafiul Kinjol, a spokesman for the force,…

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  • No secretary will be allowed to hold directorship in state owned banks

    No secretary will be allowed to hold directorship in state owned banks

    The ministry has issued this fresh guideline to ensure good governance and smooth management of business activities in state-owned commercial banks, specialized banks, financial institutions in the country. According to the guideline, the approval of the Prime Minister will have to be obtained for the appointment and re-appointment of the chairman in all public sector…

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  • Bangladesh extends personal income tax return deadline by 1 month

    Bangladesh extends personal income tax return deadline by 1 month

    However, amid the recent economic instability, various business organizations had called for an extension of the deadline. The Federation of Bangladesh Chambers of Commerce and Industry submitted their demand to the NBR chairman. On Wednesday, at an event celebrating Income Tax Day, the NBR chairman announced the extension of the deadline that allows taxpayers to…

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  • ‘We strive to build a reliable and sustainable capital market’

    ‘We strive to build a reliable and sustainable capital market’

    Apart from giant companies, small investors and ordinary people also aspire to see the country’s capital market as a safe and profitable place for their investment. However, a secure capital market is yet to be built, even after two significant scams in 1996 and 2010. ABG Limited seeks to establish the capital market as a…

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  • Central bank warns e-commerce companies

    The central bank of Bangladesh, Bangladesh Bank has warned e-commerce companies about taking customer payments directly to their bank accounts. This warning came amid complaints from some customers that many e-commerce companies are asking customers to pay directly to their bank accounts. Fraudulence in online business has become a concern for Bangladeshi customers in recent…

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