Dhaka, Bangladesh (BBN) - The BBN has prepared the morning business round up compiling reports, published by different newspapers and news portals in Bangladesh.
Bangladesh seeks easier terms for Chinese loans
Bangladesh has urged China to soften the terms and conditions for loans as it is eyeing substantial credit over the next five years. The move comes after the cabinet committee on economic affairs directed the Economic Relations Division to seek softer and more transparent conditions for Chinese loans in line with the country's laws and rules.
Export earnings from India surpass China in July-Oct
Bangladesh’s export earnings from India surpassed that of from China in four months of the current fiscal year 2015-2016, riding mainly on robust growth in export of raw jute to the neighbouring country, according to Export Promotion Bureau data. According to the EPB data released on Thursday, the country’s export to India increased by 23.34 per cent to $216.54 million in the July-October period of this fiscal year from that of $167.92 million in the same period of last fiscal year.
NBR detects Tk 26b VAT evasion by BPC, cos under it
Authorities are upbeat about the prospect of recouping the initial revenue shortfall as taxmen discovered, in their current search for defaults, a stash of unpaid VAT with the state-owned oil marketing companies. Officials said the National Board of Revenue (NBR) identified Tk 26 billion arrears in Value Added Tax (VAT) pending with the Bangladesh Petroleum Corporation (BPC) and the companies under its control against the marketing and supply of fuel oils.
BB governor calls for making banking fair success
Bangladesh Bank (BB) Atiur Rahman has called upon all banks, non-banking financial institutions (NBFIs) and related organisations for making the upcoming banking fair a success. Quoting the central bank governor, AFM Asaduzzaman, general manager of the governor secretariat of BB, told BBN in Dhaka that the governor also advised the banks and NBFIs for taking necessary measures so people from home and abroad, especially the Bangladeshis leaving overseas could get all information about the fair through internet.
Bangladesh imports rise by 1.32% in Q1
The country’s overall imports grew by only 1.32 per cent in the first quarter (Q1) of the current fiscal year (FY), 2015-16 due mainly to higher import of capital machinery, officials said. The actual import in terms of settlement of letters of credit (LCs) rose to US$9.92 billion during the July-September of FY 16 from $9.80 billion in the same period of the previous fiscal, according to the central bank latest statistics.
WTO agrees to extend drug patent exemption for LDCs until 2033
The World Trade Organization (WTO) has decided to extend drug patent exemption for its least-developed country (LDC) members until 2033. The decision was taken by the Council for Trade-Related Aspects of Intellectual Property Rights (TRIPS) meeting on November 6, according to an official announcement. The Council’s decision extends until January 2033 the period during which key provisions of the WTO’s intellectual property agreement, the TRIPS Agreement, do not apply to pharmaceutical products in LDCs.
Bangladesh’s stocks extend losses for five weeks
Bangladesh’s stocks extended their losing spell for the five weeks in a row that ended on Thursday as investors remained on selling frenzy. The prime index of the Dhaka Stock Exchange (DSE), went down by 62.33 points or 1.37 percent to settle at four months low to 4,502.16 points. The DS30 index, comprising blue chips, plunged 14.61 points or 0.85 percent to finish at 1,711.36. The DSE Shariah Index dropped 7.83 points or 0.83 percent to end the week at 1,084.48.
Coordination with private sector key to reaching SDGs
Coordinated efforts with the private sector and an action plan with accountability hold the key to achieving the United Nations' 17-point sustainable development goals, analysts said yesterday. The SDGs are focused on the private sector, while the millennium development goals were primarily focused on the social sector, said Ahsan H Mansur, executive director of the Policy Research Institute.
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