Financial reporting act to bring transparency Chairman of the newly-formed Financial Reporting Council yesterday assured businesses not to be concerned about the new act as it will help the country bring in transparency in firms’ auditing and accounting standards. “There is nothing to be worried about the FRC. It will

Paying with MFS at retails gaining traction Payments through the mobile financial service platform have trebled in the last one year, in a development that will bring cheer to the central bank as it strives to move towards a cashless society. According to data from the central bank, in February,

BSEC decides to review some provisions The securities regulator decided on Monday to take several steps for the betterment of the stock market. The steps included reviewing the existing provision for requirement of holding of minimum shares (2.0 per cent) for becoming sponsors directors of any listed companies. The Bangladesh

BCIC to get Tk 48b counter-guarantee According to official, the government is set to extend counter-guarantees worth Tk 48 billion for the Bangladesh Chemical Industries Corporation (BCIC).The measure will facilitate uninterrupted imports of fertiliser for the country’s agriculture sector.The BCIC recently wrote to industries ministry seeking extension of the tenure

Net use Cost escalation feared The cost of internet services at the consumer end might go up by 40 per cent unless the government reduces VAT on its value-chain services, according to industry insiders. The overall cost has gone up by 36 per cent as the rebate provisions have been