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Business

UCB gets new Chairman, Vice-chairman

  Business Live: Young woman entrepreneur and Managing Director of Aramit Group Rukhmila Zaman has been elected Chairman of United Commercial Bank Limited (UCB) in an emergency board meeting. The meeting was held after the 34th Annual General Meeting (AGM) on Thursday at the corporate office of the UCB, said a press release. The meeting elected notable industrialist, one of the... details

Muhith hints 30pc revenue growth target for FY18

Live Correspondent: Finance Minister AMA Muhith today hinted at increasing the revenue growth target to 30 percent in the upcoming 2017-18 financial year (FY18). "We are going to give several pushes this year. We will increase the revenue growth up to 30 percent," he said while addressing a pre-budget meeting with editors and managing directors or chief executive officers (CEO) of... details

Luna receives Bangladesh Business Award

    IUB Live: Mrs. Luna Shamsuddoha, the Trustee and former Vice Chairman of Education, Science, Technology and Cultural Development Trust (ESTCDT), the founding Trust of Independent University, Bangladesh (IUB) and Chittagong Independent University (CIU); Member, Board of Trustees and the Syndicate of IUB; and the Chairman of Dohatec New Media, has received the prestigious “Bangladesh... details

BD economy to grow 6.9pc: ADB

  Business Live: The economy of Bangladesh will grow at 6.9 percent this and next years, according to a latest report of the Asian Development Bank (ADB). "In Bangladesh, South Asia's garment industry leader, exports are a key element driving growth that is forecast at 6.9 percent in 2017 and 2018," said the Asian Development Outlook (ADO). The flagship report of the ADB also termed... details

NBR will launch new app to collect VAT from businesses

  Business Live: National Board of Revenue (NBR) chairman Md Nojibur Rahman said NBR has been thinking to launch a mobile app in line with the proposal of the business men to collect Value Added Tax (VAT). “We’re seriously thinking of launching a mobile app to collect VAT,” he said while speaking at the opening session of a workshop on VAT and income tax here today. Member... details

Muhith off to USA to join IMF-WB spring meeting

Business Live: Finance Minister AMA Muhith left here today for USA to participate in the annual spring meeting of the International Monetary Fund (IMF) and the World Bank to be held from April 20 to 23 at Washington DC. "The minister left Hazrat Shahjalal International Airport at 10:15 am for Dubai. He is scheduled to reach Washington DC on April 19," a Finance Ministry official told... details

Electric short circuit causes BB fire: Finance Minister

Business Live:  Finance Minister AMA Muhith today said the cause of the recent fire incident in Bangladesh Bank (BB) headquarters was an electric short circuit. "No important damage has been caused in the fire incident," he told journalists after a meeting on 'recovery of BB reserve heist money' with BB officials at the finance ministry. The fire originated on the 13th floor of central... details

How startup couples manage business and love…

Desk Live: Two unicorns recently hit a rocky patch when their co-founders' marriage went sour. But there are many who are living their startup dream together. Sunday Times spoke to some couple-preneurs on how they make the work-life merger work. Mehak and Anand Shahani first met in 2007 while interning for the same company . They fell in love and got married in 2012.... details

‘Militants getting funds through banking system’

Live Correspondent: Anti-Corruption Commission Chairman Iqbal Mahmood has said that militancy funding is taking place in the country through both banking channels and illegal channel(Hundi) and added that the commission is working to develop a system to prevent financing in militancy. “It is quite impossible to stop ‘militant financing’ by going to every individual and that’s why the... details

SC clears way for FBCCI polls

Business Live: The Supreme Court has allowed the authorities concerned to continue the process for holding the FBCCI election until further notice. Chamber Judge of the Appellate Division Justice Syed Mahmud Hossain passed the order following a petition filed by the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) seeking stay on the High Court order that had halted the... details

Bangladesh-India working to cut trade deficit: Industries Minister

Business Live: Industries Minister Amir Hossain Amu said Bangladesh and India is working with sincerity to narrow the existing trade deficit. “Bangladesh is setting up special economic zones and Indian businessmen can avail this opportunity which would also help cut existing bilateral trade deficit,” he added.The minister was addressing the opening ceremony for marketing of... details

Muhith for forming banking commission

Live Correspondent: Finance Minister AMA Muhith today underscored the need for constituting a banking commission to look into different problems in the banking sector. "I can't take any decision about the constitution of banking commission till now. Yes, I most certainly consider something about it soon," he told journalists after a pre-budget meeting with economists and professionals at the... details

BGMEA seeksr 3-yrs to relocate from Hatirjheel

  Live Correspondent: Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Wednesday requestion for three years’ time to relocate from 15-storey BGMEA Complex located in Hatirjheel lake in Dhaka, which was ordered to be demolished. The petition was filed today and might be heard at the Supreme Court tomorrow, Barrister Imtiaz Moinul Islam, a lawyer for BGMEA... details