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.
Govt to decide lawsuit or diplomatic efforts today
The government is scheduled for a meeting today to decide whether to launch a legal battle to recover $51.5 million of the $81 million theft reserve fund traced in Manila as 18 visits to the Philippines under ‘diplomatic efforts’ have made hardly any headway. Officials said that the series of tours to Manila began after the detection of the theft from the Bangladesh Bank’s reserve fund in February 2016 and resulted in the recovery of $15 million in November 2016.
Women’s participation in RMG workforce declines
The ratio of female workers’ participation in the RMG sector, known as a women-driven sector, has seen a decline in the recent years, a survey report says. The survey, titled “Ongoing Upgradation in RMG Enterprise: Preliminary Results from a Survey” conducted by the Centre for Policy Dialogue (CPD), was released on Saturday in Dhaka.
Making new income tax law loses gear in election year
Enforcing a new income-tax law from the upcoming fiscal year to fill a void looks uncertain in the election year, sources said. The revenue board has adopted a go-slow strategy over completing the draft of the new law, taking a tipoff from government side, sources said.
Foreign investment nosedives in DSE
Net foreign investment in the Dhaka Stock Exchange plummeted to Tk 94 crore in the negative last month as the unease among general investors over the politics and liquidity crisis appear to have caught on with their foreign counterparts as well. In February, foreign investors sold shares worth Tk 487 crore against the purchase of Tk 392 crore, according to the country's premier bourse.
Bangladesh’s stocks end lower for second week
Bangladesh’s stocks ended lower for the two consecutive weeks that ended on Thursday as cautious investors continued their selling spree. Market operators said the persistent liquidity shortage coupled with ongoing pessimism kept investors mostly inactive, taking the key index below 5,900-mark once again with low turnover.
Development budget will not be revised down
The development budget is unlikely to be revised down this fiscal year despite the knowledge that a big chunk remains unused every year. “So what we can't spend the amount? It will stay at the state coffer -- no one will be able to make away with it,” Planning Minsiter AHM Mustafa Kamal told The Daily Star last week.
Flow of inward remittance drops by 16.73% in Feb
The flow of inward remittance dropped by 16.73 per cent in February, 2018 mainly due to fewer working days, officials said. Bangladeshi nationals working abroad sent US$1.15 billion in February. The amount was lower by $230.79 million than the remittance sent in the previous month.
Bhola in sight as potential natural gas 'hotspot'
Speakers at a seminar on Saturday expressed their reservation about both estimate of gas reserve and the rate of its depletion in the country. They found the reserve underestimated and the rate of depletion over-stated.
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