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.
Lost non-RMG exports in 5yrs stand at $8.4b: PRI
Bangladesh’s lost non-readymade garment exports are estimated at up to $8.4 billion in the period between fiscal year of 2012-13 and FY 2016-2017 due to ineffectual special bonded warehouse system, said experts referring to a recent study conducted by Policy Research Institute.
Non-RMG exporters to get bond facility
The National Board of Revenue (NBR) has started a thorough review of the existing bonded warehouse facility as part of its move to extend the same to non-apparel exports, its chief said Sunday.
Bangladesh introduces floating interest rate on FX loans
The central bank of Bangladesh has introduced floating interest rate policy on short-term foreign currency loans through linking with global bench mark rate. Under the revised policy, the banker are now allowed to fix the interest rates on buyers’/suppliers’ credit at six-month LIBOR (London Inter-bank Offered Rate) plus maximum 3.50 per cent instead of earlier maximum 6.0 per cent.
Tighten security of digital payment systems during Ramadan
Bangladesh Bank has asked all commercial banks to tighten security in digital payment system during the month of Ramadan. In addition, instructions have been given for ensuring uninterrupted transactions through automated teller machines (ATMs), Point of Sales (POS,) E-payment gateway, and mobile financial services (MFS).
Bangladesh’s stocks maintain upward trend continuously
Bangladesh’s stocks maintained the upward trend for the third day in a row on Sunday as optimistic investors are buying mode amid positive expectation. Stocks kept gaining as the enthusiastic buyers continued their buying appetite on large-cap stocks, taking the prime index above 5,300-mark once again, according to experts.
Realtors ask govt to act like facilitator, not competitor
Real estate business community and architects demanded that the government should act like a facilitator but not a competitor of private sector businesses in development works. They asked the government to help them by providing business-friendly policies, one-stop service, reduction of corporate tax and registration fees, and other incentives for well-planned urbanisation in the country setting long-term vision of 50-years with innovative ideas.
Stock trading, banking hours for Ramadan
The country’s prime bourse Dhaka Stock Exchange (DSE) has rescheduled their trading time for the month of Ramadan. Similarly, Bangladesh Bank has also fixed their office hours keeping Ramadan in mind.
RMG hourly productivity still lower in BD
Garment labour productivity per hour is still lower in Bangladesh than its rivals except Cambodia in average output, according to the latest data. Bangladesh, being the second-largest garment exporter, is also the second lowest in terms of productivity which, according to the data, is valued at $3.4.