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.
Delta Plan 2100: Draft made for spending $37b by 2031
The government would spend $37 billion by 2031 for ensuring food and water security and fighting disasters, according to a draft of the Delta Plan 2100. The draft would be placed for approval at tomorrow's National Economic Council meeting chaired by Prime Minister Sheikh Hasina.
Interest rate spread falls to 4.31pc in July
Interest rate spread in the country's banking sector decreased in July, as the commercial banks slashed their interest rates further on lending than deposit, officials said. The weighted average spread between lending and deposit rates offered by the banks came down to 4.31 per cent in July 2018 from 4.45 per cent in the previous month, according to the latest official figures.
Qubee says goodbye to individual customers
WiMax service provider Qubee has suspended its service for individual subscribers from August 30 with a view to focusing on corporate clients. The second largest WiMax operator in the country, Qubee, an entity of Augere Wireless Broadband Bangladesh Limited, started its business in 2009 after getting licence in 2008 for a period of 15 years that will expire in 2023.
DSE to formally begin journey with Chinese consortium from Tuesday
The much anticipated strategic partnership agreement between the Dhaka Stock Exchange (DSE) and the Chinese consortium of Shenzhen Stock Exchange and Shanghai Stock Exchange will go into effect from Tuesday. The DSE authorities will hand over 25% of DSE shares to the consortium on the day. On Monday, the Chinese consortium will pay Tk947 crore to the DSE for the shares. The money will be equally split among 237 DSE shareholders, with each receiving about Tk4 crore.
Quality of economic growth improves
The quality of Bangladesh's economic growth has improved between 2000 and 2015, according to an index developed by the South Asian Network on Economic Modeling (Sanem). The country ranked 106th among 156 nations in 2015 in the Index of Quality of Economic Growth (IQEG), up by six notches from 112 in 2000.
Feasibility study for 2nd nuclear power plant begins
The Bangladesh Atomic Energy Commission has begun a feasibility study on the second nuclear power plant at Gangamati in Patuakhali after dropping four proposed sites close to the Sunderbans. Officials told New Age that picturesque Gangamati, close to Kuakata beach, was taken for the feasibility study dropping four sites adjacent to the periphery of the world’s largest mangrove forest to avert criticism as protests continued in home and abroad against the construction of coal-fired power plant at Rampal.
BB moves to raise remittance flow from Japan, S Korea
The central bank of Bangladesh has taken initiatives to expedite the flow of inward remittances from Japan and South Korea, officials said. Under the latest moves, the Bangladesh Bank (BB) is giving approval to the interested commercial banks for setting up more drawing arrangements with money transfer companies in the two countries.
Froogle: Making coupons mainstream
Businesses, particularly fast food outlets, cafes and restaurants, are all vulnerable to the problem of off-peak hours. During these hours, they have to incur all fixed costs, but have very few customers to help share the burden.
BBN/SSR/AD