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Chevron to sell Bangladesh operations

Oil giant Chevron has announced it will be selling its Bangladesh operations. In a statement issued on Monday, Chevron said it had ‘entered into an agreement’ to sell its wholly owned subsidiaries in Bangladesh to Chinese company Himalaya Energy Co Ltd. “Closing of the transaction is subject to the satisfaction of certain closing conditions,” it […]

Sweden Heads The Best Countries For Business For 2017 while Banagladesh 117th Kurt Badenhausen ,  FORBES STAFF I cover sports business with rare dip in education & local economies Donald Trump swept into office last month behind a groundswell of support from Americans captivated by his promises to “take America back” and “make America great again.” […]

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The National Board of Revenue has granted permission to Bangladesh Bank for duty-free import of $10 million dollar in cash through Standard Chartered Bank. The NBR in a letter, which the BB received on Thursday, allowed the central bank to import the dollars in two instalments — $ 5 million each — without any taxes […]

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ADATA Smart phone & Tab Expo 2017, the first expo of its kind this year, kicked off this Thursday, January 26th.  The event took place in its usual spot, Bangabandhu International Conference Centre at Agargaon in the capital. Organised by the Expo Maker, the seventh edition of the carnival showcased all the recently launched smart […]

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The government has given Hazaribagh tanners three more months to relocate their factories to Savar Tannery Industrial Estate, as the tanners again missed the deadline — December 31– for doing so. In a statement yesterday, the industries ministry said no raw hides would be allowed to enter Hazaribagh after January 31. The decisions came as […]

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The government has backtracked on its decision to cut prices of fuel oils now while it has given consent to raise prices of natural gas with effect from January 1, said officials. State minister for power, energy and mineral resources Nasrul Hamid told New Age on Monday that the government would not reduce the prices […]

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Several lakh individual taxpayers submitted time petition seeking additional time for paying income tax with filing tax returns as the fixed deadline for the same ended on Wednesday amid huge response from taxpayers. A large number of individuals thronged the temporary booths of the field level offices of the NBR to file their tax returns […]

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Bangladesh Telecommunication Regulatory Commission is going to develop a guideline on using communication tools like WhatsApp, Viber, WeChat and Imo that have cut international incoming calls, BTRC Chairman Shahjahan Mahmood said yesterday. “Hopefully, we will be able to make the guideline public in two or three months,” he told reporters at a press conference at […]

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Uber’s operation in Dhaka is illegal, say transport authorities, two days after the app-based taxi service was launched in the Bangladesh capital. The ride-hailing service was in violation of motor vehicles regulations, said a notice issued by Bangladesh Road Transport Authority (BRTA) on Friday. Uber’s owners and drivers have been warned against continuing the service […]

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Three leading cricketers of Bangladesh – Mashrafe Bin Mortaza, Shakib Al Hassan and Tamim Iqbal have become the highest taxpayers in sportsmen category for the outgoing tax year. In recognition of their contributions to the economy, they got citation and tax card at the beginning of the Tax Week on Thursday at the office of […]

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Facebook will open a new London headquarters next year and create another 500 jobs, the leading social network said Monday, despite uncertainty over Brexit. The group said the move will take its UK workforce to 1,500 staff, adding that Britain “remains one of the best places to be a tech company”, amid ongoing jitters over […]

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Economists and exporters on Wednesday expressed mixed reaction over the surprise result of the United States presidential polls that elected Republican candidate Donald Trump as the 45th president of the country, defeating democrat candidate Hillary Clinton. Reacting to Trump’s victory, they said that the existing status of trade, especially in exports, would remain unchanged but […]

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