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.

Provide low-cost housing for the poor: analysts
The government should take serious steps in solving the housing crisis confronting the lower income groups in Dhaka as very little has been done to provide decent accommodation for the poor, analysts said yesterday. “It is a matter of regret that the government has not allocated a single piece of land to the poor although the rich have gotten land through housing projects in areas such as Dhanmondi, Gulshan, Uttara, and the latest in Purbachal,” said Ahsan H Mansur, executive director of the Policy Research Institute.

Bangladesh’s banks to disburse BDT175.50bn agro-credit in FY 17
The central bank of Bangladesh has unveiled an agricultural and rural credit policy and programme with a disbursement target of BDT 175.50 billion for this fiscal, projecting around 7.01 per cent growth over that of the previous fiscal. Bangladesh Bank (BB) Governor Fazle Kabir declared the policy formally at a meeting with chief executive officers and managing directors of all scheduled banks at the central bank headquarters in the capital on Sunday.

Pay more revenue for better services: Muhith
Finance Minister AMA Muhith said businesses need to pay more in revenue for the fund and fiscal-policy supports they have sought for switchover to green growth in economic advances. Entrepreneurs at a seminar in Dhaka Sunday highlighted challenges and obstacles to green growth and demanded low-cost funds and fiscal- policy support to help industries go green.

BTRC may suspend Citycell operation after Aug 16
The telecom regulator has decided to cancel the spectrum and radio equipment use permission of the country’s oldest mobile phone operator Citycell for non-payment of dues, and advised users of the brand to find alternative measures by August 16. Bangladesh Telecommunication Regulatory Commission officials said that the commission took the decision as Citycell failed to pay Tk 477.51 crore dues despite several reminders.

Bangladesh’s stocks end lower with high turnover
Bangladesh’s stocks ended lower on Sunday, after remaining flat in the past session, as investors remained mostly cautious amid lack of clear direction of the market. After witnessing volatility almost throughout the session, DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), finished at 4,525.35, shedding 12.91 points or 0.28 percent over the previous session.

HSBC closes Chawk Bazar branch
The UK-based HSBC bank on Sunday closed its Lalbagh (Chawk Bazar) branch as part of its plan to close down six of its 13 branches in Bangladesh by 2017. The foreign commercial bank will close two more branches within this year. The branches are in Mymensingh and Narayanganj. The branches are being closed with permission from Bangladesh Bank which had provided no-objection certificate to HSBC.

EU envoy: Security for foreigners shouldn’t be limited to Gulshan
European Union Ambassador to Bangladesh Pierre Mayaudon met with Commerce Minister Tofail Ahmed yesterday urging the government to ensure security in all areas across the country where the EU traders work. The EU envoy’s call followed the deadly terror attacks in Bangladesh, killing 17 foreigners last month. “The authorities need to ensure security in all areas where our citizens work in Bangladesh for smooth operation of trade with the EU countries,” Mayaudon told reporters after a 16-member team led by him called on commerce minister.

E-commerce becomes popular in Bangladesh: Atiur
Former Bangladesh Bank (BB) Governor Atiur Rahman sees the e-commerce has becomes popular gradually in the country after providing policy support by the central bank. “Though e-commerce has already gained ground in the country, but still a long way to go,” Dr. Rahman said while speaking at a book launching programme held at the Business Studies Faculty of Dhaka University in the capital on Sunday.

BBN/SSR/AD