Dhaka, Bangladesh (BBN)- The BBN (Bangladesh Business News) has prepared the morning news highlights compiling reports, published by different newspapers and news portals in Bangladesh.
Cost of debt swelling
The government’s debt servicing costs are set to balloon after sales of high interest-bearing savings instruments rocketed in the first eight months of the fiscal year.
Between July last year and February this year, sales of savings instruments soared 77.41 percent year-on-year to Tk 26,533 crore, according to statistics from the National Savings Directorate. Sales of ‘Paribar Sanchay Patra’ from which the savers get the highest interest rate of 13.45 percent stood at Tk 9,480 crore in the same period. The development is a massive setback for the government, which aimed to keep the net borrowing through savings instrument within Tk 9,056 crore this fiscal year.
CAMLCO, SME conferences to be held at Cox’s Bazaar Friday
Conferences of the chief anti-money laundering compliance officials, generally known as CAMLCOs, of the all commercial banks and small and medium entrepreneurs will be held at Cox’s Bazaar on Friday. Bangladesh Bank (BB) Governor Dr. Atiur Rahman arrived at the country’s beach city on Thursday to inaugurate two conferences, AFM Asaduzzaman, general manager general of the governor’s secretariat told BBN from Cox’s Bazaar over phone.
Subcontinent fans gang up against India
It really seemed like defending champions India were playing at their backyard when they faced co-hosts Australia yesterday in the second semi-final at Sydney Cricket Ground. Almost 70% of the 43,000 capacity crowd present at SCG yesterday were Indian supporters. The fact that they outnumbered the Aussie fans was a foregone conclusion, given India’s large community in cities like Sydney and Melbourne. It was no surprise, therefore, when the SCG was reverberating with Indian chants and cheers throughout the entire game.
Google celebrates Bangladesh Independence Day
Internet users of Bangladesh are being greeted by a colorful doodle on its homepage by Google on the 45th Independence Day of the country on Thursday. Internet giant Google celebrated the Independence Day of Bangladesh along with the nation by changing it cover page outlaying with red and green.
A red circle portraying a Royal Bengal Tiger, the national animal of Bangladesh, was also depicted in the middle of the doodle.
Furniture makers see good overseas sales ahead
Bangladesh’s furniture sector could emerge as a major exporter in five years, as manufacturers have already strengthened their capacities to grab a share of the global market. “We have potential. We can raise our share, riding on our advantage in the area of labour costs,” said KM Akhtaruzzaman, chairman of Akhtar Group. The quality of the furniture produced by Bangladeshi companies is on par with international standards, while prices are lower, he added.
India plans to set up apparel units in eight NE states
The Indian government plans to set up apparel manufacturing units in its eight northeastern states aiming to boost local employment, particularly for women. The textile ministry has already decided to provide Rs.180 million for each ready-made garment manufacturing unit called ‘Apparel and Garment Unit’ (AGU) in the northeast, Indian media reported quoting a senior official of Tripura’s handloom and handicrafts department said.
Bangladesh celebrates 45th Independence Day
Bangladesh celebrated the 45th Independence and National Day on Thursday with due solemnity and festivity. On Mar 26, 1971, Father of the Nation Bangabandhu Sheikh Mujibur Rahman declared Bangladesh’s independence following the crackdown on unarmed Bangalees on the midnight of March 25 by the Pakistan occupation army. After the nine-month War of Liberation with the supreme sacrifices of the millions of people, the people of the country achieved its cherished independence on December 16, 1971.
Australia thrash India to reach final
Australia reached final of the ICC Cricket World Cup 2015 crushing India by 95 runs in the second semi-final match in Sydney on Thursday. Now, Australia will play WC final match with New Zealand at Melbourne Cricket Ground in Australia on March 29 at 9:30am (BST).With the victory, Australia marched into their seventh World Cup final at the Sydney Cricket Ground. The Australians have never lost a World Cup semi-final and that record rarely looked threatened after Steve Smith produced an unforgettable century and Mitchell Johnson snared two quick wickets.
BBN/SSR/AD-27Mar15-10:50 am (BST)