Early in 2017, ACCA carried out global surveys of attitudes to ethics among 10,000 professional and trainee accountants, and of those of over 500 senior (‘C-suite’) managers. More than 8 in 10 of these accountants around the world were of the view that strong ethical principles and behaviour will become even more important in the […]
Political uncertainty over upcoming national election, its effect on private investment, rising food inflation, sluggish exports and remittance, and a lack of corporate governance in banks are the key challenges Bangladesh will face in 2018, said a think-tank yesterday. The Dhaka-based South Asian Network on Economic Modelling (Sanem) mentioned the challenges and reflected on the […]
Chinese mobile phone maker Transsion Holdings is set to establish a device assembling plant in Bangladesh over the next few months, making it the first foreign brand to do so. The government has slashed the customs duty for mobile components meant for local assembling by 36 percentage points to 1 percent in the last budget, […]
Alarm bells rang louder Saturday from economists’ meet for immediate reform to restore discipline in Bangladesh’s banking system, seen largely ridden with irregularities. Financial-market analysts made the clarion call for urgent action specifically to stem the tide of non-performing loans and other forms of fraudulence and safeguard clientele interests. On a note of concern over […]
Bangladesh and Bhutan initiated negotiations for free trade and transit under bilateral arrangements to augment paltry business transactions between the two countries. Meanwhile, a four-nation sub-regional connectivity deal has been stalled for not being ratified by the upper chamber of Bhutan’s parliament. Sources said the two neighbours opted for negotiation towards signing a preferential trade […]
Bangladesh signed a $150 million financing agreement with World Bank to modernisetrade related infrastructure, systems and procedures. The government will set up a National Single Window, which will allow traders to submit all import, export and transit information required by customs and other key regulatory agencies via a single electronic gateway under a WB-financed project. “This […]
FRAUD INVOLVING BUYING HOUSES Incidents continue coming to light Fraudulence involving buying houses has continued to surface with some British and local ones being accused of cheating five Bangladeshi garment factories of $3 million. The accused closed their Dhaka offices and have been absconding for the past one year, one of the victims told The […]
The agriculture, manufacturing and services sectors need continuous support from the government to maintain the growth momentum, said the Metropolitan Chamber of Commerce and Industry, Dhaka. In its economic review of the first quarter of the fiscal year, the chamber said the agriculture, manufacturing and services sectors all performed well. “But infrastructure deficit and gas […]
Regional integration among the South Asian nations is a must for increased trade and investment in order to achieve sustainable growth, said the International Chamber of Commerce Bangladesh (ICCB). “Regional integration impacts trade facilitation in several ways. It helps in inclusive growth and poverty reduction, reallocating capital and labour toward sectors holding a comparative advantage,” […]
Inadequate research, investment and awareness to blame Bangladesh’s firms and institutions are lagging behind their counterparts in India, Vietnam and Sri Lanka when it comes to invention and protection of intellectual property owing to inadequate research, investment and awareness. The Department of Patents, Designs & Trademarks (DPDT) granted patents for 106 inventions in 2016 out […]