Category: Economic

Government issues new policy to consider lobbying for promotion in banks as ‘misconduct’

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Desk Report, Government issues new policy to consider lobbying for promotion in banks as ‘misconduct’ The government has made two separate policies for the promotion of employees of state-owned commercial banks and specialized banks and financial institutions. The Financial Institutions Division of the Ministry of Finance issued the policy in the form of a notification on Monday. Government issues new policy to consider lobbying for promotion in banks as ‘misconduct’ Both policies state that from now on, any kind of lobbying or recommendation by candidates for promotion will be considered…

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Banglalink and bKash sign agreement to expand digital services in the country

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Desk Report, Banglalink and bKash sign agreement to expand digital services in the country Digital operator Banglalink and MFS company bKash have signed a partnership agreement to increase digital inclusion and service opportunities across the country. As a result of this partnership, Banglalink customers will now get SMS-based solutions, data package services and easy payment facilities through bKash. Banglalink and bKash sign agreement to expand digital services in the country The agreement was signed recently at Banglalink’s head office in Gulshan, the capital. Banglalink’s Chief Corporate and Regulatory Affairs Officer…

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BDBL’s 15th Annual General Meeting

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Desk Report, BDBL’s 15th Annual General Meeting The 15th Annual General Meeting (AGM) of Bangladesh Development Bank PLC (BDBL) was held recently at the boardroom of the bank’s head office in Dhaka. The meeting, chaired by the bank’s Chairman Ahmed Ismet, was attended by Managing Director and CEO Md. Jasim Uddin; Directors KM Tariqul Islam, Md. Abdul Majid, Md. Shah Alam, Sultan Mahmud Bin Zulfiqar, Md. Shah Alam Mia, Mahbubun Nahar, Md. Chayanul Haque and Deputy Managing Director (DMD) Sachindra Nath Samaddar. In addition, Joint Secretary of the Financial Institutions…

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City Bank’s half-yearly profit increases

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Desk Report, City Bank’s half-yearly profit increases City Bank has released its financial report for the second quarter of the current year (April-June). On this occasion, an event was organized at the bank’s head office and online platform on Thursday. During this event, detailed information about the bank’s financial report was presented to investors and stock analysts. City Bank’s half-yearly profit increases City Bank gave this information in a press release. The release said that City Bank’s consolidated earnings per share (EPS) from January to June of this year was…

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The uncertainty is over, but we need to know what concessions we made.

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Desk REPORT, The uncertainty is over, but we need to know what concessions we made. The United States has reduced the countervailing duty on Bangladeshi products from 35 percent to 20 percent. This has reduced the anxiety, worry, and uncertainty that had been created in businessmen, economists, and other conscious circles across the country for several months. The new countervailing duty imposed on Bangladeshi products is equal to or close to that of our competing countries. Although the Trump administration has not yet finalized the countervailing duty rate on China.…

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Recruitment in private bank, salary 55 thousand taka

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Desk Report, Recruitment in private bank, salary 55 thousand taka A notification has been published for the recruitment of manpower in the private Southeast Bank PLC. This one of the private banks in the country will recruit manpower for the post of ‘Probationary Officer’. The bank will recruit Probationary Officers in Capital Services Limited. The number of people to be recruited for this post is not specified. The recruitment notification published on July 31 said that interested candidates can apply online. Recruitment in private bank, salary 55 thousand taka Educational…

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Now is the time for transformation in the garment industry.

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Desk Report, Now is the time for transformation in the garment industry. The United States has imposed a 20 percent tariff on Bangladesh’s garment exports. This decision has created a new balance in the supply chain. Because now Bangladesh, Vietnam (20 percent) and India (25 percent) – all three countries will pay almost equal or close tariffs. Now is the time for transformation in the garment industry. Although this decision creates pressure in the short term, it can create important opportunities for Bangladesh in the long term. For that, Bangladesh…

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What will be the total tariff on Bangladeshi products under the new countervailing duty?

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Desk Report, What will be the total tariff on Bangladeshi products under the new countervailing duty? Donald Trump has reduced the countervailing duty on Bangladeshi products by 20 percent. The White House order states that the countervailing duty will be effective from August 7. The amount of duty to be paid on products exported from Bangladesh to the United States, including the new countervailing duty, has once again come up for discussion. What will be the total tariff on Bangladeshi products under the new countervailing duty? According to information published…

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Bangladesh spared from major uncertainty with Trump’s decision on tariffs

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Desk Report, Bangladesh spared from major uncertainty with Trump’s decision on tariffs Bangladesh’s National Security Advisor Khalilur Rahman said that the decision of US President Donald Trump’s administration to reduce the countervailing duties imposed on Bangladesh ahead of the August 1 deadline has saved Bangladesh from a major uncertainty. Bangladesh spared from major uncertainty with Trump’s decision on tariffs Khalilur Rahman told Prothom Alo from Washington DC in response to the US imposing a 20 percent tariff on goods imported from Bangladesh, reducing it by 15 percent after the third…

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There will be opportunities to expand business in the US market.

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Desk Report, There will be opportunities to expand business in the US market. We have been in a state of uncertainty for the last three months regarding the countervailing duties. It is difficult to do business in a state of uncertainty. US buyers were also observing the direction in which the situation would go. It is a relief for us that the countervailing duties have finally been reduced from 35 percent to 20 percent. There will be opportunities to expand business in the US market. We have been saying from…

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