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    Summit Power trading likely from Sunday

    Staff Correspondent | Updated at 01:09am on October 07, 2016

    Bangladesh Securities and Exchange Commission on Thursday withdrew lock-in for the general shareholders of recently de-listed Summit Purbanchol Power Company who are entitled to get Summit Power Limited shares in line with merger procedure...

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    3 Mumbai call centres make Rs 500cr by duping US citizens

    Business Desk | Updated at 01:07am on October 07, 2016

    A disgruntled call centre employee may have exposed India’s most daring tele fraud. On Tuesday, Thane police busted the racket run by fake call centres, who may have robbed US citizens of Rs 500 crore in the last one year, reports Economic Times...

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    Committee formed to review duty on cow coming from India

    Jasim Uddin | Updated at 01:05am on October 07, 2016

    The Central Taskforce on Anti-Smuggling has formed a consultative committee to review the possibility of increasing the duty or penalty for cows informally coming from India through different border corridors...

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    Alliance says factories must finish priority repairs by ’18

    Staff Correspondent | Updated at 01:04am on October 07, 2016

    Alliance for Bangladesh Workers Safety, a consortium of North American fashion brands and buyers, on Thursday asked its supplier RMG factories in Bangladesh to conclude high priority safety repairs by July 2018 to avoid suspension from the list of compliant suppliers of the group...

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    Banks, NBFIs should be cautious about loan syndication: experts

    Staff Correspondent | Updated at 12:56am on October 07, 2016

    Experts and bankers on Thursday gave opinions that the banks and non-bank financial institutions should maintain cautious policy to select clients for loan syndication as the credit volume of the projects are usually larger than the ordinary ventures...

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    Bangladesh halfway towards ensuring service quality: SATRC report

    Staff Correspondent | Updated at 05:09pm on October 06, 2016

    Bangladesh has achieved half of the targets it set to ensure the quality of service for mobile phone subscribers in the country, according to...

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    VAT intel empowered to conduct 2nd audit on traders to check evasion

    Jasim Uddin | Updated at 05:02pm on October 06, 2016

    On suspicion of value-added tax evasion, the National Board of Revenue has empowered its VAT intelligence unit to conduct a second audit on...

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    BGMEA unhappy with Accord’s business termination method

    Staff Correspondent | Updated at 04:53pm on October 06, 2016

    Readymade garment makers are unhappy with the actions of European buyers’ group regarding business termination as the initiative suspended all the...

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    Diesel import for India : Long-term contract likely at high premium

    Manjurul Ahsan | Updated at 12:43am on October 06, 2016

    Bangladesh is likely to ink a long-term contract with India to import 1m tonnes of diesel per year spending more than double the international competitive rates on transport and insurance...

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    Telecom sector should get fair share in MFS: S Asia regulators

    Staff Correspondent | Updated at 04:32pm on October 05, 2016

    The telecom regulators of the South-Asian countries on Tuesday said that the telecom sector should get fair share in mobile financial services and also...