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Govt moves to formulate gold import policy

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UNB ReportThe government has taken an initiative to formulate a gold import policy, aiming to check its smuggling and help boost duty collection from the sector.
As per the proposed policy, the VAT registered entities will only be allowed to import gold through opening Letters of Credit (LCs).
"If everything goes well, the Finance Minister will make an announcement about the policy in the upcoming national budget for the 2018-19 fiscal year," a senior official at the Finance Ministry...

IBBL conf held in Chattogram

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Commerce Reporter
Isami Bank Bangladesh Limited (IBBL) held a business development conference with its branch managers in Chattogram region at its zonal office on Saturday.
Md Mahbub ul Alam, Managing Director and CEO of the Bank was present in the program as Chief Guest while Abu Reza Md Yeahia...

Chinese automaker plans electric car production in SAfrica

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Beijing, Apr 25 (AP) - A state-owned Chinese automaker announced plans Wednesday to produce electric vehi-cles in South Africa, highlighting the growing role of the world's largest auto market in a technology seen as the global industry's future.
BAIC Group's announcement at the Beijing auto...

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