SoE buyers to get now 20pc rebate on full payment
Unb, Dhaka
From now on, buyers of the state-owned enterprises (SoEs) will get 20 percent rebate instead of previous 35 percent in case of full payment at a time to the government. The Cabinet Committee on Economic Affairs (CCEA) took the decision yesterday approving a proposal of the Privatisation Commission (PC). The CCEA also decided to increase the amount of performance guarantee as proposed by the PC. Finance and Planning Adviser Dr. Mirza Azizul Islam, who presided over the CCEA meeting at Cabinet Division, told reporters that the decisions were taken as part of changes in the privatisation policy guidelines. "All the decisions have gone in favour of the government and now the public interest could be protected in a better way," he said. Another four proposals from different organisations also got the nod of the CCEA. As per the CCEA approval, the Small and Medium Enterprises (SME) Foundation will receive Tk 105 crore from the Asian Development Bank (ADB) endowment fund for the development of the country's SME sector. The Chittagong Dockyard will build a 1,200 tons slipway in the dockyard through the private sector investment on build-operate-transfer (BOT) basis. The Civil Aviation Authority of Bangladesh (CAAB) will modernise its radar system and the Bangladesh Jute Mills Corporation (BJMC) will re-tender some lots of equipment of the now defunct Adamjee Jute Mills.
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