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NBR opens probe into ZTE | The Daily Star

NBR opens probe into ZTE Searching for evidence of tax evasion, sources say Star Business Report Star Business Report The National Board of Revenue (NBR) has launched an investigation into ZTE Bangladesh, a subsidiary of the China-based ZTE Corporation, to ascertain whether the organisation is involved in tax evasion. As a part of its investigation, the NBR has already issued separate letters to the different companies with which ZTE Bangladesh was engaged, sources said. The standing committee on the finance ministry has also received documentation in this regard. With a view to uphold the country s laws, the NBR launched a probe into ZTE s Bangladesh operations as it seemed to show intention for tax evasion, they added.

Robi debut buoys stocks to 16-month high

Robi debut buoys stocks to 16-month high Star Business Report Star Business Report Stocks soared to a 16-month high on the trading debut of mobile phone operator Robi Axiata, buoyed by general investors buying spree and increased participation from institutional investors. Robi rose 50 per cent to Tk 15 per share hitting the circuit breaker against a face value of Tk 10 each with less than one per cent or 1.17 lakh shares of the second biggest mobile operator being traded on the first day. Market analysts said many primary share holders were unwilling to sell their Robi stock on future expectations of higher profits.

60km Rooppur-Baghabari grid line by December 22-523695

14th December, 2020 02:09:52 The government has asked the state-run Power Grid Company of Bangladesh (PGCB) to complete the transmission line by December 2022 for timely completion of the country’s lone nuke power plant at Rooppur. Any delay in constructing the line from Rooppur to Baghabari grid might defer implementation of the 2400MW Rooppur Nuclear Power Project in Pabna district, the government also warned PGCB. The directive came up at an inter-ministerial meeting held at Bangabandhu Sheikh Mujibur Rahman Novo Theatre last month, chaired by science and technology minister Architect Yeafesh Osman. The PGCB is implementing the grid line to ensure back feed power for implementing the Rooppur power plant.

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