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.
NBR empowers field-level offices to probe money laundering
The National Board of Revenue has empowered its field-level offices to investigate money laundering cases having relation with tax matters. All the wings — customs, value-added tax and income tax — along with the central intelligence cell of the revenue board will now be able to conduct inquiry and investigation into the money laundering cases and take legal steps, said an NBR letter issued on Monday.
Women in workforce: Employment without empowerment
Despite a steep 35% growth in female employment in the last decade in the industrial sector, the number of women overall in the job force remains low compared to their male counterparts in Bangladesh. According to the International Labour Organization’s (ILO) flagship report titled “World Employment and Social Outlook: Trends 2018,” female employment in Bangladesh has seen a 35% increase, reaching 18.1 million from 2008 to 2017, while male employment has seen an 11% increase, reaching 45.7 million.
Women occupy 12pc of board seats in banks
Nearly 12 percent of the board members of different banks in Bangladesh are women, a development that can give them a sense of pride. Two banks—state-owned Janata and private UCB—have female chairpersons in their boards.
Bangladesh’s imports grow by 11.66% in July-Janu
Bangladesh’s overall imports grew by 11.66 per cent in the first seven months of this fiscal year (FY), 2017-18 following higher import of food grains and fuel oils, officials said. Actual import in terms of settlement of letters of credit (LCs) rose to US$ 29.65 billion during the July-January period of FY 18, from $26.55 billion during the same period of the previous fiscal, according to the central bank’s latest statistics.
Bangladesh’s stocks return to the red again
Bangladesh’s stocks returned to the red on Wednesday, after single-day break, as investors went on late hours selling binge on sector-wise stocks. Analysts said the market ended lower amid ambiguity over the Dhaka bourse’s share sales to a strategic partner coupled with ongoing liquidity crisis.
BD to take up issue with WTO as bilateral efforts prove futile
Bangladesh would challenge India's imposition of anti-dumping duty (ADD) on its jute goods by taking up the issue with the dispute settlement body of World Trade Organisation (WTO), officials said. They said Ministry of Commerce (MoC) will take necessary steps to prepare the case properly and take it up with the WTO as soon as possible. The Ministry of Textiles and Jute requested the MoC for taking the initiative.
Chinese party withdraws most conditions
A Chinese consortium that got go-ahead to be a strategic investor of Dhaka Stock Exchange has withdrawn most of the conditions it had earlier included in its bidding. It withdrew 16 conditions and changed three more to be eligible to buy 25 percent share of the premier bourse, after some of the provisions collided with local laws and were found not to be fitting for other shareholders of the DSE.
BTRC rejects AMTOB time extension plea for MNP launch
The Bangladesh Telecommunication Regulatory Commission has turned down a plea made by the Association of Mobile Telecom Operators of Bangladesh seeking additional time for the rollout of mobile number portability service. The association of the country’s mobile phone operators had sought additional two months for adopting technologies required to launch the MNP service, a senior official of the commission told New Age on Tuesday.
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