Business Report : Bank Asia PLC has organised the annual ‘AML & CFT conference 2024’ with the theme of “AML-CFT: Fostering & Enduring a Culture of Compliance to enhance AML & CFT knowledge & awareness among all the employees of the bank. Mr Md Masud Biswas, Head of Bangladesh Financial Intelligence Unit (BFIU) was present as the Chief Guest of the conference, according to a press statement. In his speech, he mentioned the emerging challenges of money-laundering, importance of awareness...
Business Report : Creating scope for “thieves” to legalise black money with a minimum tax on it, as proposed in the FY25, is illogical, Jatiya Party Chairman GM Quader said saturday. “An ordinary taxpayer is required to pay 30% in taxes, while a person with black money only needs to pay 15% to legalise it. This proposal is absurd and illogical, as it essentially allows thieves to legitimise their stolen money by paying a minimal tax,” the MP made the...
Business Desk : Chattogram South, Chattogram North. Noakhali & Cumilla Zones of Islami Bank Bangladesh PLC organized a webinar on...
Business Desk : Agrani Exchange House, a joint initiative of Singapore and Bangladesh High Commission, Singapore arranged a campaign meeting...
Business Report : Different tourism stakeholders on Saturday called for withdrawal of the 15 percent Value Added Tax (VAT) on tour operator services, proposed in the fiscal 2024-25 budget, warning that it would severely impact the sector’s growth. They warned that the proposed VAT would make tour packages more expensive, potentially driving domestic tourists to neighboring countries and deterring foreign tourists from visiting Bangladesh. These observations were made at a roundtable discussion organized by the Tour Operators Association of Bangladesh...
Business Report : Business leaders have called for maintaining a stable supply chain to keep the prices of essential daily commodities affordable. Speaking at the meeting of FBCCI Standing Committee on ‘Essential Food Items’ today (29 June), they also demanded strict monitoring of the black market for daily essential products and simplification of import procedures. Instead of relying solely on a few corporate companies to control the market of essential commodities, they advocated for equal opportunities for small and medium...
Business Desk : A school banking conference was held in Bagerhat on Saturday under the guidance of the Financial Inclusion Department of Bangladesh Bank and the initiative of Al-Arafah Islami Bank PLC with the aim of inculcating the tendency of savings among students. According to a press release, students of 20 institutions participated in the day-long conference held under the leadership of Al-Arafah Islami Bank at Bagerhat District Council Auditorium with the participation of 20 scheduled banks operating in the...
Special Correspondent : The World Bank (WB) approved $650 million to help Bangladesh invest in infrastructure critical for developing the...
Business Report : The Bangladesh Oil, Gas, and Mineral Resources Corporation (Petrobangla) has signed an Annual Performance Agreement (APA) with...
Business Report : Exim Bank’s 25th Annual General Meeting (AGM) was held on Thursday through virtually from the head office...