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    NBR, FBCCI agree new VAT law with changes take effect in July

    Staff Correspondent | Updated at 12:00am on February 14, 2019

    Suspended new VAT law will come into force from July this year provided that the government make amendments to a number of key areas in the law including value-added tax rate, schedules related to exemption and supplementary duty....

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    Banks want hike in interest rate on foreign currency trade finance

    HM Murtuza | Updated at 12:00am on February 14, 2019

    Banks on Wednesday requested Bangladesh Bank for upward revision of interest rate of foreign currency loans for trade finance which they issued against export and import bills....

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    US-Bangla to fly Chennai as first local carrier

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 12:00am on February 14, 2019

    US-Bangla Airlines, one of the country’s private airlines, is set to spread its wings to Chennai as the first ever Bangladeshi carrier from March 31 for increasing connectivity with the southern part of India....

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    Diversity in the ‘man cave’: US boardrooms gain women as minorities lag

    Reuters . Boston/New York | Updated at 12:00am on February 14, 2019

    In America’s corporate boardrooms, diversity is making uneven progress, women increasingly are pulling up a chair while racial and ethnic minorities still rarely get seats at the table....

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    Stocks break three-day losing streak on NBFI gains

    Staff Correspondent | Updated at 12:00am on February 14, 2019

    Dhaka stocks increased on Wednesday after a three-day fall as investors went for bargain hunting targeting mainly non-bank financial institutions after LankaBangla Finance declared higher dividend, market operators said....

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    DSE probes Shawpno’s continuous huge losses

    Staff Correspondent | Updated at 12:00am on February 14, 2019

    Dhaka Stock Exchange has launched an investigation into a significant profit fall of listed company ACI Limited after an investor lodge complaint with the bourse against the group for showing huge losses by one of its subsidiaries, ACI Logistics Limited (brand name Shwapno), said DSE officials....

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    Shayan becomes vice-chairman of IFIC Bank

    Business Desk | Updated at 12:00am on February 14, 2019

    Ahmed Shayan Fazlur Rahman has been elected as the vice-chairman of IFIC Bank Limited recently, said a press release....

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    Bashirul becomes Exim Bank DMD

    Business Desk | Updated at 12:00am on February 14, 2019

    Sheikh Bashirul Islam has been promoted as the deputy managing director of Exim Bank recently, said a press release....

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    EU broadens its dirty-money blacklist, adds Saudi Arabia

    Reuters . Strasbourg | Updated at 12:00am on February 14, 2019

    The European Commission added Saudi Arabia, Panama, Nigeria and other jurisdictions to a blacklist of nations that pose a threat because of lax controls on terrorism financing and money laundering, the EU executive said on Wednesday....

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    Venezuela turns to India for oil exports as US sanctions bite

    Reuters . Houston/Mexico City/Moscow | Updated at 12:00am on February 14, 2019

    Venezuelan oil company PDVSA is looking to double exports to India as US sanctions hobble deliveries to the United States and Europe....

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