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.
Only strong banks should get state entities' deposit
Only the strong and well-managed banks should be allowed to receive 50 per cent deposit of the state entities, a leading economist of the country opined on Monday. "Not all the banks should be allowed to get 50 per cent of the government funds as deposit," Dr. Ahsan H Mansur said in an event, organised by the Policy Research Institute of Bangladesh (PRI) in the capital.
Bangladesh’s remittance inflow crosses $10bn in 9 months
The flow of inward remittance crossed US$10 billion-mark in the first nine months of this fiscal year (FY) following strengthening monitoring by the central bank. The overall remittance inflow jumped by 17.04 per cent or $1.57 billion to $10.76 billion during the July-March period of the FY 2017-18, from $9.19 billion in the same period of the previous fiscal.
Pvt sector credit growth jumps in Feb despite fund crisis claim
The new monetary policy is failing to contain the private sector credit growth with the rate rising to 18.49 per cent in February although the bank owners have already bagged a number of facilities pleading liquidity crisis. The private sector credit growth was 18.36 per cent in January whereas Bangladesh Bank in the monetary policy for January-June of financial year 2017-2018 set a target of 16.8 per cent for the period.
Direct exports draw huge investments in garment accessories
Bangladeshi garments accessories and packaging manufacturers have made a massive new investment to seize a larger chunk of the global export market share. According to data from the Bangladesh Garment Accessories and Packaging Manufacturers and Exporters Association (BGAPMEA), garments accessories and packaging manufacturers have made an investment of Tk722.5 crore, with more proposals in the pipeline.
Foreign investors call for cutting corporate tax
Foreign investors yesterday urged the government to reduce corporate tax and formulate a five-year plan for competitive tax rates in context of competing countries to attract investment from abroad. “We are competing with other countries in getting foreign direct investments and without this we cannot achieve the Sustainable Development Goals. And that's why, we need a plan,” said Shehzad Munim, president of the Foreign Investors' Chamber of Commerce and Industry (FICCI).
Obhai, Obon!
Ridesharing mobile apps have already gained popularity among the city dwellers with some of the service providers offering car rides, some motorcycle rides and some offering both. But what if one wants to go to a place in the capital with a large number of family members? Or what about a female passenger wishing a female biker to take her to the destination?
Noman Group plans to invest Tk 500cr in polyester fashion fabrics
Noman Group, one of the largest Bangladeshi apparel and textile companies, is planning to invest Tk 500 crore for producing polyester fashion fabrics which the company officials hope would contribute at least $100 million to country’s export earnings per year.
Rise in imports pushes forex down in March
Foreign exchange reserves of the country dropped to $32.40 billion at the end of March from $33.37 billion the previous month. But the reserves were up nearly 1.0 per cent from a year earlier, the central bank said on Monday.
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