100% Opportunity for Foreign Investments in Local e-Commerce Sector

September 04 2018 | TW News Correspondent

Bangladesh government is providing 100% opportunity for foreign investments in local e-commerce sector. Government is now up to withdraw the partnership bonding condition with the local companies in r...

City Bank Introduces Digital Supply Chain and Distributor Finance Service

August 07 2018 | TW News Correspondent

City Bank has introduced digital supply chain and distributor finance service for the corporate clients. Managing Director and CEO of City Bank Mr. Sohel R K Hussain inaugurated the service at the head office of City Bank in Gulshan, Dhaka.

Sohel R K Hussain said- We being committed to provide the best services to our clients have introduced the digital supply chain and dis...

Mobile Banking Progresses More than E-Payment

August 01 2018 | TW News Correspondent

Despite having sufficient development of transaction system in country’s banking channel, Mobile Banking progressed much in comparison with e-Payment system. Considering the difference between the number of Mobile banking and Electronic Payment users, it is clearly seen that there are lots of opportunities in Bangladesh to innovate more Electronic Payment systems of global standard, as said the spea...

Palli Bidyut Bill Collection from bKash

July 11 2018 | TW News Correspondent

From now on, Palli Bidyut subscribers will be able to pay their bills through bKash accounts from anywhere in the country. Post, Telecommunication and ICT Minister Mustafa Jabbar inaugurated this new service of bKash on July 9 at a local hotel in Dhaka.

In the inauguration ceremony, Mustafa Jabbar said- Government is giving their best effort to establish...

VAT Rate Reduced on Mobile Phone Assembling

June 28 2018 | TW News Correspondent

National Board of Revenue (NBR) issued a guideline on June 7 regarding imposing 15% VAT on mobile handsets assembling. But, later, there was an amendment introduced in the guideline and the VAT rate on mobile handset assembling was declined to 5%.

Finance Minister Abul Maal Abdul...

Mustafa Jabbar Makes 5% VAT Cut on Internet Use

June 27 2018 | TW News Correspondent

Government is to cut 5% VAT more on internet use. Therefore, among the existing 15% VAT, 10% gets exemption.

Earlier on last June 21, a de...

Students Allowed for Credit Cards on ‘Sixteen’

June 24 2018 | TW News Correspondent

From now on, students are allowed to use credit cards on 16 years of age. But, this credit card will be provided to their guardians. They will get the additional or supplementary card. Credit card user must be student and above 16 years of age. Central Bank has introduced this amendment regarding credit card users’ age issue through a communiqué.

Previously, any...

Products to be Exported in e-Commerce

June 13 2018 | TW News Correspondent

From now on, online shopping companies will get the opportunity to export their products even to the individual foreign consumers through banking channel on regular basis. In this regard...

15% VAT on Mobile Handset Assembling

June 09 2018 | TW News Correspondent

15% VAT has to be paid on mobile handsets assembling in the country which may bankrupt the investors of this recent uprising sector in the country, as the entrepreneurs think. According to them, due to this VAT, t...