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.
Clients facing trouble as govt squeezes sales of savings tools
Clients are facing trouble in investing their money in the national savings tools as most of the banks, post offices and national savings bureaus have squeezed sales of the tools in last two months. Bank and post office officials said that the sales of the savings certificates and bonds were slashed as per government order as it wanted to curb the skyrocketing sales of the tools.
Bangladesh’s bittersweet problem
The state-owned sugar mills have been producing each kilogram of sugar for as much as Tk324 although the product’s market price is only Tk 60. Sugar produced by the heavily subsidised mills fails to meet the local demand mainly due to a scarcity of sugarcane, forcing the government to procure the rest from the private sector.
Bangladesh’s banks to be asked to cut remittance cost
The central bank of Bangladesh is set to ask banks for encouraging expatriate Bangladeshis to use banking channel for sending remittance with lower costs. A meeting of the Bangladesh Bank (BB) top brass with senior officials of top 20 remittance-recipient banks will be held today (Wednesday) at the central bank headquarters in Dhaka in this connection, according to officials.
Shut down all illegal boilers
The High Court has directed the government to bar unauthorised boilers in factories within 60 days as it looks to prevent a repeat of the explosion on July 4 at an apparel plant that killed 13 and injured over 50. It also ordered the government authorities to inspect boilers in all factories to ensure their registration and renewal as per the Boiler Act, 1923.
Bangladesh’s key stock edge down for second day
Bangladesh’s key stock edged down for second day on Tuesday as cautious investors continued to book profit on quick-gaining stocks. Dhaka Stock Exchange (DSE) witnessed a mild correction for the second trading session and its turnover also came down below BDT 10 billion-mark after three sessions as investors followed cautious mood.
ADB to give $526m in loan for PPP infra projects
The Asian Development Bank will provide $526 million in loan to help sustain and increase infrastructure investments in Bangladesh, particularly in financing public-private partnership projects, said the multilateral lending agency on Tuesday. The board of directors of the ADB has approved the multitranche financing facility under the third public-private infrastructure development facility.
Bangladesh’s banks asked to set up FDI Help Desk
The central bank of Bangladesh has asked the commercial banks to set up ‘FDI Help Desk’ in their important branches for facilitating foreign investments. The Bangladesh Bank (BB), the country’s central bank, has taken the decision aiming to attract foreign investors through providing necessary supports from the desk, a senior central banker explained.
Labour law being amended under pressure from ILO, EU
The government has started the process of amending the labour law and the EPZ labour law under the pressure of the International Labour Organisation and the European Union. “I am hopeful that the preparation of the draft of the amendment to the labour law is possible by the end of August,” Mikail Shipar, labour secretary, told The Daily Star yesterday.
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