Grameenphone and Robi have challenged the legality of the telecom regulator’s show-cause notice on them asking to reply within 30 days why their licences would not be cancelled for their failure to pay Tk 13,446 crore of dues.

The National Board of Revenue’s large taxpayer unit (LTU) has recently asked software companies to get listed with it if they were interested in providing programmes enabling businesses to maintain accounts and keep records of value-added tax (VAT).

Saudi Arabia is allowing foreign men and women to rent hotel rooms together without proving they are related, after the conservative Muslim kingdom launched a new tourist visa regime to attract holidaymakers.

India wants its Exim Bank to monitor the projects it is financing in Bangladesh.

The government has decided to consider foreign loans as hard-term ones if the grant element is less than 25 percent, down from the 35 percent it currently takes into account, in a reflection of the country’s growing economic power.

CDC Group, the UK government’s development finance institution, yesterday announced to invest $30 million (over Tk 25 crore) in Bangladesh’s Brac Bank.

Local financial technology service provider Dmoney announces its commercial operation aiming to create a solid position of the digital financial service in the country.

Standard Chartered Bangladesh (SCB) on Thursday launched the Korea- Bangladesh desk to help Korean businesses invest and operate in Bangladesh. A guidebook titled “Doing business in Bangladesh”, offering information in both Korean and English languages, was also launched at

Eastern Bank Ltd (EBL), a leading private bank of Bangladesh, will open its first representative office in Guangzhou of China today to explore the growing business opportunities between the two Asian economies.

The Investment Corporation of Bangladesh has sought Tk 1,000 crore in financial support from Bangladesh Bank on an “emergency basis” to inject liquidity into the ailing capital market as part of its concerted efforts to bring back investor confidence.

Bangladesh is on the verge of becoming a saturated market in tyre manufacturing by next year with the inclusion of some local and foreign conglomerates in the business. Apex Husain Tyre and Gazi Tyre

US-Bangla Airlines, one of the country’s leading private airlines, adds a brand new aircraft as part of its plan to increase flight frequency on domestic and regional routes.

The government has allowed export of highest 500 tonnes of hilsa to India during Durga Puja.

The government is considering waiving off the late fees, which made up almost half the Tk 13,447 crore claimed by the telecom regulator as unpaid dues from Grameenphone and Robi, as it engineers a swift end to the drawn-out tussle.

Loans written off by banks surged 21 percent to Tk 54,463 crore in the second quarter of the year from a quarter ago as the lenders try to clean up balance sheets and paint a rosy picture of their health.

Facebook will appoint a local representative within the next four to six weeks to ensure payment of value-added tax from their advertisement earnings from Bangladesh market, much to the relief of the revenue authority.

Two Bangladeshi companies are set to export liquefied petroleum gas (LPG) to the landlocked northeastern states of India. Omera Petroleum and Beximco LPG will export LPG to state-owned Indian Oil Corporation (IOC), which will bottle and sell to consumers.

Visa yesterday announced that it would launch an interoperable quick response (QR) payment system in Bangladesh within the next one and a half months as part of efforts to expand its business.

Stocks jumped up yesterday buoyed by a Bangladesh Bank move that allowed banks to invest in equities by borrowing funds from the banking regulator. On Sunday, the BB announced a liquidity support for banks with a view to ramping up their capacity to invest in the market as part of a

Facebook has denied to set up any office or install its local service in Bangladesh right now as the market size is not sustainable here enough.