Dhaka, Bangladesh (BBN) – The BBN has prepared the morning business round up compiling reports, published by different newspapers and news portals in Bangladesh.
Bangladesh’s trade deficit widens by 46% in FY 15
The country’s overall trade deficit widened by nearly 46 per cent in the just concluded fiscal year (FY), 2014-15, due to higher import payments and lower export receipts, officials said. The trade deficit rose to $9.92 billion during the July-June period of the FY 2014-15 from $6.79 billion in the same period of the previous fiscal, according to the central bank’s latest statistics.
Bangladesh’s public banks asked to improve financial health immediately
The central bank of Bangladesh has asked four state-owned commercial banks (SoCBs) for taking effective measures to improve their financial health immediately by expediting recovery of classified loans, officials said. The Bangladesh Bank (BB), the country’s central bank, has also warned the top management of SoCBs that it might appoint observers to the boards of directors of the banks if they failed to improve their respective performance.
Bandwidth export to India begins next month
Bangladesh will begin exporting bandwidth — 10 gigabits per second — to India’s northeastern state of Tripura within the first week of September, officials said. Bandwidth prices will also come down in the local market with effect from September 1, as decided by Bangladesh Submarine Cable Company at a meeting on Saturday.
NBR to conduct drives against courier services in border areas
The National Board of Revenue has decided to conduct drives regularly against the courier services working at the border areas on suspicion of carrying smuggled and illegal goods from the areas, officials said. They said the activities of the courier services at the border areas would also come under closed monitoring of the customs offices, so that they could not carry any smuggled goods. The customs wing of the revenue board has recently issued an order to all customs offices across the country instructing them to conduct drives and bring the activities of courier services at the border areas under close monitoring.
Rakibur gets bail in1996 share scam case
Former president of the Dhaka Stock Exchange (DSE) Rakibur Rahman got bail from the Special Tribunal in a 1996 share scam case. Humayun Kabir, Judge of the Special Tribunal, Sunday granted Mr. Rahman bail. The securities regulator filed 15 cases against different companies and individuals in 1997 following a probe report, prepared on stock market debacle that occurred in 1996.
Bangladesh’s stocks slip into red for 2nd day
Bangladesh’s stocks witnessed a marginal fall Sunday amid high volatility as investors followed remained cautious. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 20.09 points or 0.41 percent to end at 4,844.35,a after witnessing volatility throughout the session. The DS30 index, comprising blue chips, fell 5.25 points or 0.28 percent to finish at 1,881.58. The DSE Shariah Index (DSES) shed 3.43 points or 0.28 percent to end at 1,193.64.
Public uni admission tests begin Oct 1
The public universities of the country are set to begin their admission tests from October 1 and will continue to take the tests through to December. The schedules for the 31 public universities were recently announced by the Association of Universities of Bangladesh, a platform of vice chancellors from all public universities. A meeting of the association, chaired by its President Ruhul Amin, finalised the schedules last Tuesday.
Firms honoured for better productivity
The industries ministry yesterday honoured 17 firms for enhancing productivity and improving product quality in their factories. This was the second time the ministry recognised firms with the National Productivity and Quality Excellence Award in six categories. Amir Hossain Amu, industries minister, handed over the awards to the winners for the year 2013, the ministry said in a statement. It is essential to increase productivity in the factory units to improve the lives of people through sustainable industrialisation, said Amu at the ceremony at Hotel Purbani in Dhaka. The industrial sector has had a great role to play in the country’s economic progress.