Retailer Walmart Canada will no longer accept Visa cards after it failed to agree a deal with the credit card firm. Fees applied to Visa card purchases "remain unacceptably high," the company said in a statement. Customers will no longer be able to use the card in its Thunder Bay store from 18 July and the move will be phased in across the country. Visa accused Walmart of putting its own…

The country’s apex trade body in its primary reaction on Thursday said the budget implementation will get easier once the tax administration behaves friendly with businesspeople in realising tax and VAT (value added tax).   “As per our primary analysis, it seems that the budget is business-friendly one,” FBCCI President Abdul Mutlub Ahmed told reporters at the Federation Bhaban.…

The Real Estate and Housing Association of Bangladesh (REHAB) has expressed displeasure at the proposed budgetfor the coming fiscal year, saying the government has not taken theirproposals into consideration. “Our 13 proposals have not been considered in the budget. There is no reflection in the announced budget of our demands to protect the housing sector,” the REHAB said in an statement…

Dhaka Chamber of Commerce and Industry (DCCI) has congratulated the government for the retention of “Package VAT” and expressed mixed reactions over the proposed budget for the coming fiscal year, reports news agency UNB.   The DCCI held a meeting in its board room with President Hossain Khaled in the chair to analyse the proposed budget.   The board congratulated Prime Minister…

A 10-member business delegation of Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) led by Chairman of IFIC Bank and former FBCCI president Salman F Rahman will leave Dhaka on Friday to attend an interactive business meeting with the leaders of Jeddah Chambers of Commerce and Industry at Saudi Arabia, reports BSS. FBCCI President Abdul Matlub Ahmad will also accompany the delegation,…

Unlike previous fiscals, there will be no opportunity to whiten black money in the upcoming fiscal year.   Finance Minister Abul Maal Abdul Muhith on Sunday reiterated this with tough stand against allowing undisclosed income to invest in any sector without being questioned.   News agency UNB quoted him as saying "We will not provide any opportunity to invest undisclosed income in housing…

Business men calls a human chain for one hour across the country after shutting down their shops on Monday demanding amendment of new VAT law.     The declaration came up at a press conference at the Dhaka Reporter’s Community (DRU) organized by businessman unity forum on Saturday noon.   In the conference, the forum placed 7-point of demand including inclusion of ‘package…

A declaration at the G7 meeting in Japan says a vote by the UK to leave the European Union would pose a "serious threat to global growth".   In its final statement, the group warned that a UK exit from the EU would reverse the trend of increased global trade, investment and jobs.   The meeting brings together the world's leading seven industrialised nations.   The final…

American drivers take to the roads this holiday weekend enjoying the lowest fuel prices for a decade.   On Friday, the average price of a gallon of petrol (4.5 litres) was $2.31 (£1.58) - 40 cents lower than the same time last year.   Although oil prices are beginning to rise, briefly going above $50 a barrel on Thursday, fuel remains cheap.   As many as 38 million Americans are…

Monsanto has rejected a $62bn (£43bn) offer from Bayer that would have created the world's biggest agricultural supplier.   The US company said the offer was "financially inadequate", but left the door open for a potentially higher bid.   Hugh Grant, Monsanto chief executive, said the proposal significantly undervalued the company.   He also raised concerns about…

CEO of AirAsia Tony Fernandes can easily afford any private car. He is settled in London, as his second home, he does not own a private vihicle. He hires a cab like any ordinary Joe Commuter. “It’s so easy to get a cab or Uber… you don’t have to think of parking, etc,” the AirAsia CEO said at a conclave in Mumbai in February. The trend of people refusing to own…

Price Sensitive Information   This is for information of all concerned that the Board of Directors of Unique Hotel & Resorts  Limited in its 100th meeting held on Sunday the 20 March 2016 at 5.20 pm.

After the signing of the biggest-ever line of credit, India’s EXIM Bank is now all set to open it’s Dhaka office and embark on new cooperation with Bangladesh. Chairman and also the Managing Director of India’s official export credit agency Yaduvendra Mathur, disclosed this on Thursday. Mathur termed the signing of the $2 billion LoC with Bangladesh on Wednesday a “historic…