A worker is working at a RMG factory in Bangladesh. Photo: BBN
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.
RMG global market share: Bangladesh loses as Vietnam gains
Bangladesh lost its global market share in apparel exports by 0.1 percentage point to 6.4% when its closest competitor Vietnam gains newer shares of its market in the 2018. Bangladesh suffer the loss despite having enormous scope to gain from the shifting business from China due to tariff war with the USA.
BB to issue notification capping interest rates
The central bank of Bangladesh will issue a directive immediately capping the interest rates on deposits and lending at 6.0 per cent and 9.0 percent respectively, Finance Minister A H M Mustafa Kamal said on Sunday. “The Bangladesh Bank (BB) will issue a circular in this connection immediately,” the finance minister said while replying to a query at a briefing at the central bank headquarters in Dhaka.
Review meeting on NBFIs today
A review meeting on non-bank financial institutions is scheduled to be held today against the backdrop of increasing number of non-complaint NBFIs, also known as leasing companies. Financial Institutions Division of the finance ministry is arranging the meeting to be chaired by finance minister AHM Mustafa Kamal at the secretariat in capital Dhaka in the afternoon, said the division officials.
Hasina to join Delhi economic summit
Prime Minister Sheikh Hasina will visit New Delhi in the first week of next October to attend the India Economic Summit, slated for October 03-04. According to a primary schedule, she is expected to leave Dhaka on October 02, a senior foreign ministry official told the FE on Sunday.
Stocks stay positive amid choppy trading
Bangladesh’s stocks gained slightly on Sunday amid volatile trading as investors mostly followed cautious stance ahead of nine-day Eid holidays. DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,172, gaining 3.12 points or 0.06 per cent over the previous session.
53.8 lakh jobs will be at stake
Some 53.8 lakh jobs spread across five specialised industries — garment, food and agriculture, furniture, tourism and hospitality, and leather and footwear — are at risk for the impending fourth industrial revolution, found a recent study. The study — Future Skills — conducted by Access to Information (a2i) programme under the ICT Division along with some local and international experts between May and October last year found the jobs will disappear within the next two decades for adoption of new technologies.
BB asks banks to ensure uninterrupted online, ATM services in Eid vacation
The Bangladesh Bank on Sunday asked all banks and mobile financial service providers to ensure uninterrupted online and electronic transaction services for the customers during the Eid-ul-Azha vacation. A BB circular issued on the day said the service of automated teller machine (ATM), point of sales (POS), online banking and mobile financial services should not be interrupted as the banks would be closed during Eid vacation.
Factory owners asked to pay workers before Eid holidays
Without setting any specific deadline, the government on Sunday asked factory owners to pay wages and festival allowances to the workers before Eid-ul-Azha holidays as the festival would be celebrated on August 12. At the 44th meeting of the Crisis Management Core Committee under the labour ministry, state minister for labour Monnujan Sufian gave the directive to the factory owners.
BBN/SSR/AD
