Dhaka, Bangladesh (BBN) – The BBN has prepared the morning business round up compiling reports, published by different newspapers and news portals in Bangladesh.
147 get CIP cards
The government yesterday awarded CIP status to 147 businesspeople in export and trade categories for outstanding performances in their respective fields during fiscal 2011-2012.Of the awardees, 101 received the status for exports of 18 types of products, while 46 will enjoy the status being the ex-officio members of the apex trade body — the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).
Call rates up
Inter-bank call-money rates moved up further Wednesday following higher withdrawals of cash from banks on two religious festivals. The central bank has asked the commercial banks to make sure cash is available round-the-clock at all ATMs (Automated Teller Machine) during the Eid-ul-Azha and Durga Puza holidays.
Trade gap with India records all-time high at $5.57b in FY14
The country’s trade gap with India recorded its all-time high in the last financial year at $5.57 billion as different non-tariff barriers continued to limit Bangladesh’s exports to the neighbouring country, said economists and experts. The trade deficit between Bangladesh and India increased by 33.76 per cent to $5.57 billion in the FY14 from $4.17 billion in the FY13, according to the latest Bangladesh Bank and Export Promotion Bureau data.
Banks asked to submit data on foreign loans
The central bank yesterday asked all scheduled banks to submit data on foreign loans for their private sector borrowers.
Detailed data on the long-term external debt has to be submitted quarterly through an input template along with a hard copy, Bangladesh Bank said in a notice.
15pc rise in 2 months’ revenue collection
The National Board of Revenue (NBR) has achieved 15 per cent growth in revenue collection in the first two months of the current fiscal year (FY). The upward trend of domestic collection of Value Added Tax (VAT) is largely responsible for such growth. The VAT wing collected the highest amount of revenue Tk 65.70 billion until August attaining 14.28 per cent growth over the previous fiscal year (FY).
ERD move to get 25pc disbursement of committed aids a year
The government has undertaken moves to increase the foreign loan disbursement to 25 per cent a year against the accumulated aids in pipeline to improve the current poor level of aid flows. To implement the ambitious move effectively, the economic relations divisions under the finance ministry issued a plan of action under a fresh guideline to maximize the trend of foreign loans utilisation. The ERD last Thursday issued the guideline to this effect as the government agencies could utilize only around 15 per cent or US$ 3.01 billion of the total committed foreign aids worth nearly US$ 19.5 billion in the last financial year.
BBN/SSR/AD-02Oct14-9:53 am (BST)