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    BIDA finalises draft policy on using unused land of SoEs

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 11:11pm on May 09, 2017

    The Bangladesh Investment Development Authority has finalised the draft policy 2016 relating to the use of unused land or infrastructure of government industries or commercial establishments for investment and industrialisation...

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    Tk 15cr IPO of Oimex Electrode gets BSEC nod

    Staff Correspondent | Updated at 11:11pm on May 09, 2017

    The Bangladesh Securities and Exchange Commission on Tuesday approved Oimex Electrode Limited’s proposal to raise Tk 15 crore from the capital market through initial public offering...

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    Stocks slide for 4th day amid move to amend bank co act

    Staff Correspondent | Updated at 11:10pm on May 09, 2017

    Dhaka stocks on Tuesday dropped for the fourth consecutive day as bank shares kept falling amid concern over the cabinet approval to a draft bill seeking amendment to the Bank Companies Act 1991 giving more family control over the private banks...

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    BSEC slaps Tk 30 lakh fine on Wifang Securities

    Staff Correspondent | Updated at 11:09pm on May 09, 2017

    The Bangladesh Securities and Exchange Commission on Tuesday fined Wifang Securities, a Dhaka Stock Exchange member-broker, Tk 30 lakh for a number of rule violations including diversion of around Tk 3.30 crore from customer consolidated account...

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    BB not to allow mobile operator-led MFS: Sur

    Staff Correspondent | Updated at 11:07pm on May 09, 2017

    Bangladesh Bank deputy governor SK Sur Chowdhury on Tuesday said that the central bank would not allow mobile operator-led mobile financial services in the country as the BB was maintaining ‘conservative’ approach to the MFS...

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    Pvt power plants starting operation by 2024 to get tax benefits

    Staff Correspondent | Updated at 11:05pm on May 09, 2017

    The National Board of Revenue has extended the tax benefits, with some restriction, for private power generation companies, which will start their commercial operation between January 1, 2020 and December 31, 2024...

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    Uttara land for BGMEA office not for commercial use

    Staff Correspondent | Updated at 10:59pm on May 09, 2017

    The government has allocated 110 kathas of land at Uttara 3rd phase in the capital Dhaka to Bangladesh Garment Manufacturers and Exporters Association to construct its new headquarters on condition that the trade body would not use the land for commercial or residential purposes...

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    ICAB gets new secretary

    Business Desk | Updated at 10:52pm on May 08, 2017

    Muhammad Imrul Quayes has recently been appointed as secretary of the Institute of Chartered Accountants of Bangladesh, said a news release.

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    Five win Game Jam contest

    Business Desk | Updated at 10:51pm on May 08, 2017

    Five teams instead of stipulated three have come out as winners in the Game Jam, a 36-hour hackathon, as organisers were unable to decide on top three due to quantity of high-quality games developed during the event, said a news release....

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    Stocks inch down for 3rd day amid poor foreign investment report

    Staff Correspondent | Updated at 10:50pm on May 08, 2017

    Dhaka stocks inched down on Monday, the third consecutive day in a row, as bank and energy shares slumped amid unimpressive quarterly reports of most listed companies and slump in foreign investors’ participation on the trading floor...