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.
IMF also projects 7pc economic growth, lower than govt estimate
International Monetary Fund has retained its projection for Bangladesh’s economic growth at 7 per cent, 0.65 percentage points lower than the government’s estimate, for the current fiscal year 2017-2018. The global lending agency made the projection in its latest World Economic Outlook-April 2018, released in Washington on Tuesday.
Banking industry now an orphan, says CPD
The private think-tank Centre for Policy Dialogue (CPD) Tuesday termed the country’s banking sector an ‘orphan’ and wanted the government to form an ‘independent commission’ to critically assess the problems and make appropriate recommendations for prudential banking. ‘The banking sector has become an orphan and its regulators are abusing it’, said CPD’s distinguished fellow Dr Debapriya Bhattacharya while presenting the budget recommendations for the fiscal year (FY) 2018-19 at a press conference in Dhaka.
Ctg port choked by container congestion
The Chittagong Port Authority plans to impose additional rents for container storage as it has been suffering from acute container congestion in the last few weeks because of a surge in imports ahead of Ramadan. On Monday, the CPA in a meeting urged the port users to take steps to clear the congestion in seven days. Otherwise, it will impose additional charges for container storages along with the regular charges.
Major changes again at IBBL after 15 months
The board of Islami Bank Bangladesh Limited (IBBL) saw major changes again, as its chairman Arastoo Khan resigned from the post on Tuesday. The former government secretary resigned from the post of IBBL chairman after more than 15 months on personal ground.
16 companies to appear at BSEC hearing today
The Bangladesh Securities and Exchange Commission (BSEC) has asked top officials of 16 companies to appear at a hearing today (Wednesday) for the violation of a number of securities rules. The commission on April 11 made the decision following the reports of its enforcement and DSE teams about a number of securities rule violations by the 16 companies.
$2.67b Padma Rail Link Project loan deal on April 28
The much-awaited loan agreement for Padma Rail Link Project will be inked in Beijing on April 28, paving the way for receiving the Chinese government’s highest ever loan facility for establishing rail link with Padma bridge. Sources said, the date and place of signing US $ 2.67 billion loan agreement were finally confirmed after getting response from EXIM Bank, a Chinese state-owned bank Tuesday.
Realtors call for cuts in property registration fee
The government should halve property registration fee to 7 percent from the next fiscal year to help mid-income families buy flats, realtors said yesterday. The Real Estate and Housing Association of Bangladesh (REHAB) placed the demand with the National Board of Revenue at a pre-budget meeting at the latter’s headquarters in Dhaka.
Farm loan growth slows to 2.55pc in 9 months
Disbursement of farm loan has increased by only 2.55 per cent during the July-March period of the current 2017-2018 fiscal year. It was 23.39 per cent during the same period of the previous fiscal year, 2016-2017. In March of the current fiscal year, private commercial banks and foreign commercial banks along with state-owned banks had disbursed Tk 1,694 crore in farm loans that took the total loan disbursement in July-March to Tk 16,214 crore.