A view of Dhaka Stock Exchange. 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.
DSE board asks officials to reply 'professionally'
The Dhaka Stock Exchange (DSE) board of directors has asked its management to give reply 'professionally' to the regulator's queries on the Chinese consortium's proposal to be the bourse's strategic partner. The board's advice came at a meeting on Wednesday, a day after the Bangladesh Securities and Exchange Commission (BSEC) sent a letter to DSE, seeking explanation on some clauses, mentioned in the Chinese consortium's proposal.
MoF-BB joint body to realise 25 top defaulter loans
A joint committee of the Ministry of Finance (MoF) and the Bangladesh Bank (BB) will be formed to recover BDT 96.69 billion from the country’s 25 top default companies. The proposed committee will be to find out the barriers, particularly legal issues, recovery of non-performing loan and make necessary recommendations for realising the credits, meeting sources said.
Foreign investors demand 5pc corporate tax cut
Foreign investors in Bangladesh yesterday demanded cuts in corporate tax at least 5 percentage points to attract foreign funds and create expansion opportunities for businesses. “We proposed reducing the corporate tax in phases so that the government's revenue generation does not face any big fall,” said Abdul Khalek, convener of tariff, trade, taxation and corporate law committee of the Foreign Investors' Chamber of Commerce and Industry.
TU application rejection growing in Ctg
The rate at which application for trade union registration is rejected has been increasing in Chittagong zone over the year while the rate is decreasing in Dhaka zone. Following the Rana Plaza Building collapse in 2013 that killed more than 1,100 people, mostly garment workers, the government amid global pressure was forced to allow increased number of trade union registration in readymade garment sector.
Bangladesh’s stocks edge higher for second day
Bangladesh’s stocks ended marginally higher for the second day in a row on Wednesday amid volatile trading as some investors continued on buying mood. However, majority of investors remained followed cautious stance amid ongoing liquidity crisis coupled with fresh concern over the final selection of major bourse’s strategic partner.
Bangladesh must grow 10pc annually for 20 years: ADB chief
Bangladesh needs to clock in at least 10 percent economic growth for the next two decades if it wants to become a developed country by 2041, said Takehiko Nakao, president of the Asian Development Bank, yesterday. “It is not impossible, but not so easy also,” he said at a media briefing held at the Manila-based multilateral lender's office in Dhaka.
Luna Shamsuddoha joins state-owned Janata Bank as first ever female chairman
Luna Shamsuddoha has joined as chairman of the state-owned Janata Bank Limited. She will be the first woman to head any state-owned bank in Bangladesh. Luna was a member of the bank’s board since June 2016, said a press release on Wednesday, reports BSS.
Bangladesh-Malaysia agrees to start negotiations on PTA
Bangladesh and Malaysia have agreed to start negotiations on Preferential Trade Agreement (PTA) to boost trade further. The consensus was made at second Foreign Office Consultations (FOC) between Bangladesh and Malaysia held at the Ministry of Foreign Affairs of Malaysia in Putrajaya on Wednesday.
BBN/SSR/AD