Dhaka, Bangladesh (BBN) - The BBN has prepared the morning business round up compiling reports, published by different newspapers and news portals in Bangladesh.
Power price hike may take effect from Mar 1: The Bangladesh Energy Regulatory Commission is likely to increase the price of electricity at retail consumer level with effect from March 1, officials said. The BERC will tomorrow (Tuesday) begin a public hearing on the proposals of the five state-run power distribution agencies for another round of power tariff hike – this time between 8.59 per cent and 23.50 per cent, they said.
Foreign funds in stocks drop 57%: Net foreign investment in Dhaka stocks fell about 57 percent in February from the previous month, as investors adjusted their portfolios. Overseas investors bought shares worth Tk 327.05 crore and sold BDT 2.0601 billion of shares, taking their net investment to BDT 1.2104 billion in February, according to data from Dhaka Stock Exchange.
BB to coordinate with BSEC after hiccups: Bangladesh Bank (BB) will coordinate with the Bangladesh Securities and Exchange Commission in making any capital market-related decision in future, BSEC commissioner Amzad Hossain told reporters on Sunday.
Banks pull down stock market:Banking shares failed to charm investors yesterday with a price fall of 3.05 percent, although some announced higher dividends for 2013. The decline in prices of banking shares also led yesterday's market to fall by 52.56 points or 1.1 percent, to close the day at 4,697.3 points.
NBR seeks to realise most of Tk 250b stuck-up revenue:Top tax officials met on Sunday to devise strategies including intensifying drives for realising disputed revenues to meet its sustained shortfall. Till January of this fiscal year (FY), the revenue collection under the National Board of Revenue (NBR) fell short of target by BDT 10 billion.
Salary hike for government staff: The National Pay and Services Commission (NPSC) will recommend a hike in salary structure for government officials and employees to such an extent that it could be able to help prevent corruption and encourage productivity of public servants, it has been learnt.
Bangladesh’s stocks see sharp decline: The country’s stocks went down sharply on the both bourses on Sunday, the opening day o the week and the key index of the prime bourse dipped below 4,700-mark after seven sessions with declining turnover as investors went for selling spree.The market opened with a positive note, but could not sustain.
Results of 91-Day, 182-Day T-bills auction: Auction of 91-Day and 182-Day Treasury Bills (T-ills) was held on Sunday, officials said. Total 49 bids of BDT 29.3933 billion for 91-Day T-bills and 89 bids of BDT 25.2532 billion for 182-Day T-bills were offered. Of those, 22 bids of BDT 9.00 billion for 91-Day T-bills and 34 bids of BDT 8.50 billion for 182-Day T-bills were accepted.
Imports rebound strongly riding on capital machinery, rice: The country’s imports increased by 13.34 per cent in the first seven months of the current fiscal year 2013-14 compared with that of a negative growth of 11.22 per cent in the corresponding period of the FY 2012-13. According to the latest Bangladesh Bank (BB) data, settlement of letters of credit, or generally known as actual imports, stood at $21.21 billion in July-January of the FY14 against that of $18.72 billion in the same period of the FY13.
BBN/SSR/AD-03Mar14-9:37 am (BST)