Private expatriate bank soon

25 06 2010

The central bank has started work on setting up an expatriate bank in the private sector to foster manpower exports and provide services to non-resident Bangladeshis.

The proposed bank will be established with full expatriate equity and management, officials said.

Full story: The Daily Star





Muhith pledges overhaul of Companies Act

11 06 2010

The government has pledged to restructure the Companies Act as part of the financial sector reforms, a prerequisite to economic development.

“We’re going to take a number of steps to reform this sector….Reforming the Companies Act would be our next agenda,” Finance Minister AMA Muhith said yesterday while announcing the budget for the next fiscal.

Full story: The Daily Star





A step towards Digital Bangladesh

11 06 2010

In a tech-based atmosphere in parliament, the finance minister yesterday said an online VAT registration system will be introduced under the government’s vision to build a Digital Bangladesh by 2021.

“In order to digitise the taxation system, I propose to introduce online VAT registration and return submission. A specific software will be used for this purpose, which will be developed by a private firm under the direct supervision of the National Board of Revenue,” AMA Muhith said.

Full story: The Daily Star