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.
Banks call for easier rules for appointment of directors
Banks have called for relaxation of some provisions of the Banking Companies Act, particularly the requirement to get approval from Bangladesh Bank for appointing directors. Bangladesh Association of Banks placed the demands yesterday in a meeting with Finance Minister AMA Muhith. The government had been considering tightening some provisions in the law for over a decade to rein in irregularities and indiscipline in the sector.
$500 million BD telecom tax row drags on
By government accounts, four foreign-backed cellphone operators owe $500 million to Bangladesh in unpaid taxes. By the companies' accounts, the figure is closer to $50 million - if it isn't zero, reports AP. As the legal row drags into its fourth year without resolution, telecommunications analysts warn it is putting pressure on the industry that is Bangladesh's single largest source of revenue, providing $1.43 billion in tax revenues in 2015.
GP fined Tk 30cr for illegal broadband service
The Bangladesh Telecommunication Regulatory Commission on Sunday slapped a fine of Tk 30 crore on leading mobile operator Grameenphone for violating telecom rules by providing internet services under its ‘Go Broadband’ brand. BTRC officials said GP violated its licence condition by providing internet connectivity to 551 branches of state-run Sonali Bank through its own fibre transmission.
DIFE mulls training academy to ensure workers’ safety
The Department of Inspection for Factories and Establishments (DIFE) has planned to set up a training academy on Occupational Safety and Health (OSH) in order to make the workers aware of health hazards and ensure their safety. State Minister for Labour and Employment Mujibul Haque in a letter on August 10 asked Housing and Public Works Minister Engineer Mosharraf Hossain for land allocation for DIFE to establish a training academy and research centre.
Bangladesh’s stocks end lower for third day
Bangladesh’s stocks extended losses for the three consecutive sessions on Sunday as the risk-averse investors continued on selling spree on some large-cap stocks. Both bourses – the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) ended lower. The market started with a sharp decline in the morning which sustained till end of the session as the selling spree continued.
Panel to probe Doreen Power's abnormal share price spike
Bangladesh Securities and Exchange Commission has formed a two-member panel to investigate an unusual price hike in shares of Doreen Power Generations and Systems. The regulator made the move at a meeting yesterday after prices of Doreen Power's shares almost doubled in just two weeks.
25 cos recommend div upto 30pc
Some 25 listed companies have recommended dividends ranging from 2.0 per cent to 30 per cent for the year ended on June 30, 2016. On the other hand, some eight other companies recommended 'no dividend'.
Traders issue ultimatum for previous package VAT restoration by Nov 20
Small and medium businesses on Sunday issued a 15-day ultimatum to the government to restore pervious status of package value-added tax, otherwise traders would enforce strike for indefinite period. Babosayee Oikkya Forum, the platform of small and medium traders, issued the ultimatum at a protest rally in front of the Federation of Bangladesh Chambers of Commerce and Industry in the city.
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