Dhaka, Bangladesh (BBN) - The BBN (Bangladesh Business News) has prepared the morning business round up compiling reports, published by different newspapers and news portals in Bangladesh.
Bangladesh’s inflation falls in July
Bangladesh’s inflation as measured by consumers’ price index (CPI) decreased further in the month of July on point-to-point basis following declining prices of non-food items. The rate of inflation dropped by 0.13 percentage point to 5.40 per cent in July 2016 from 5.53 per cent of the previous month because of the declining prices of non-food items.
Q1 economic outlook better, says MCCI
Country's overall economic situation was positive in the immediate-past financial year and it would even be better in the first quarter (Q1) of the current fiscal, says a leading business body. The Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka, portrayed the fair looks of the economy while making a review of the situation that was in the fiscal year (FY) 2015-16.
WB to give $120m to upgrade connectivity
The World Bank will provide $120 million to Bangladesh to develop infrastructure in the bordering areas, which will upgrade regional connectivity and increase trade under the BBIN initiative. The government will have to take this initiative as the four BBIN nations -- Bangladesh, Bhutan, India and Nepal -- agreed upon regional multimodal connectivity, Commerce Minister Tofail Ahmed told journalists at his secretariat after a meeting with WB Country Director Qimiao Fan in Dhaka.
Banks reluctant to give loans to marginal people from BB fund
Banks are reluctant to disburse loans to Tk 10-account holders by taking fund from the Bangladesh Bank refinance scheme of Tk 200 crore as they (banks) think that the rate of interest on the credit product is lower than that of other loans. Due to the banks’ stance, marginal people are being deprived of loans under the scheme, BB officials said.
Bangladesh’s stocks slip into red after volatile trading
Bangladesh’s stocks inched down on Tuesday amid see-saw movement throughout the session as risk-averse investors continued on profit taking mood, while some were busy in rebalancing their portfolios. After witnessing volatile trading throughout the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,567.68, shedding 1.44 points or 0.03 percent.
IDLC launches ‘Easy Invest’ product
IDLC Investments limited yesterday launched ‘Easy Invest’, a monthly investment plan for the retail investors. It is a discretionary portfolio management product, where IDLC Investments will work as fund manager. The fund will be invested in selected blue chip stocks with an aim to minimise market risk and generate reasonable return.
BTRC to scrap another 204 ISP licences
The telecom regulator is going to scrap licences of 204 internet service providers (ISPs) from August 25 in a bid to strengthen ICT security. These ISPs did not respond to the queries by Bangladesh Telecommunication Regulatory Commission in the last one year. BTRC yesterday directed all international internet gateway (IGW) operators not to provide bandwidth to these ISPs from August 25.
Telcos ‘break promises’ of giving compensation for call drops
The country’s mobile phone operators are yet to start compensating subscribers for call drops in their own network ‘breaking their promises’ made to the Bangladesh Telecommunication Regulatory Commission three weeks back, said telecom regulator officials. The operators in a meeting with the BTRC on July 18 agreed to provide its subscribers with one-minute free call as compensation if any call drop happens within operators’ own network.
BBN/SSR/AD