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.
Liquidity Crisis: From banks to many fronts
Bangladesh economy showed resilience even during the global financial crisis that began in 2008. The economy grew by 6.3 percent on average for more than a decade. The growth rate was over 7 percent in the last two fiscal years.
Muhith blasts former WB president Zoellick
Finance Minister AMA Muhith Monday strongly criticised former World Bank (WB) president Robert Zoellick for, what he said, hatching a conspiracy over Padma Bridge project. He said the conspiracy left him and other key figures of the government, including the Prime Minister, in a 'great crisis'.
NBR asks Premier Bank to pay Tk 822cr in VAT
The National Board of Revenue on Monday demanded Tk 822.53 crore in unpaid value-added tax from Premier Bank saying that the bank evaded the VAT in last five years. Large Taxpayers Unit (VAT) of the revenue board on the day issued a primary demand notice along with a show-cause notice giving the bank 15 days to explain in writing why the amount would not be collected by the tax authority.
Bangladesh Bank sells $11m more to four banks
The central bank of Bangladesh has sold US$11 million more to four commercial banks to meet the growing demand for the greenback in the market. “We’ve sold the foreign currency to the banks on Monday at market rate to settle outstanding letters of credit (LCs) against imports particularly fuel oil, food grains and capital machinery,” a senior official of the Bangladesh Bank (BB) told the BBN in Dhaka.
Used hybrid cars getting popular
Sales of used hybrid cars are surging for better fuel economy and significantly lower prices than the brand new ones, according to the Bangladesh Reconditioned Vehicles Importers and Dealers Association (Barvida). In the face of rising demand from reconditioned car importers, the government from this fiscal year has allowed the import of second-hand hybrid cars as well as slashed the supplementary duty.
BKMEA seeks EU GSP even after graduation to mid-income
The Bangladesh Knitwear Manufacturers and Exporters Association on Monday requested the European Union to extend generalised system of preferences for Bangladeshi readymade garments for the next 12 years even after the graduation of the country from least developed to middle income. The BKMEA made the request at a meeting with EU ambassador Rensje Teerink at the office of the trade body in Dhaka.
JS paves way for one stop investment service
A bill titled ‘One Stop Services Bill, 2018’ was passed in Parliament on Monday aiming to attract more local and foreign investment in the country. Agriculture Minister Matia Chowdhury, who is in charge of the Prime Minister’s Office in the House, placed the bill which was earlier sent to the respective parliamentary standing committee for scrutiny.
Regulators, stakeholders go on alert over bourses
Against the backdrop a freefall of stock indices for the last few days, a high-profile meeting Monday recommended closer coordination between the securities regulator and the central bank and also stakeholders' watchfulness to stabilise the market, sources said. Besides, the meeting laid emphasis on strengthening the monitoring and supervision to avert any possible debacle, they added.
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