LNG terminal in Chattogram. Photo: Petrobangla

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.

Country enters LNG era
Bangladesh enters a new era in energy sector tomorrow as the first shipment of liquified natural gas (LNG) arrives at its shores. A Floating Storage and Regasification Unit (FSRU) laden with 3,000 million cubic feet of LNG will arrive tomorrow. It can supply gas for six days at a rate of 500mmcfd, said an official of Petrobangla.

Promises made mostly not implemented
The expectations for positive changes in the country’s garment sector created by the Rana Plaza Collapse remain mostly unfulfilled over the last five years. The worst ever factory disaster in the history of the garment industry shook the world in 2013. The authorities as well as the apparel owners seemed to have forgotten the commitments they had made five years ago in the aftermath of the disaster that killed at least 1,138 apparel workers and left more than 2,400 others maimed and crippled, mostly young women.

PM’s energy adviser: Gas price hike to be rational
Tawfiq-e-Elahi Chowdhury, energy adviser to the prime minister, has said the government is mulling raising gas prices to a permissible limit in phases to help industries run smoothly. “Gas prices will not be raised like that of electricity and it will be done in phases,” he said at a discussion held at the Bangladesh Textile Mills Association (BTMA) in Panthapath on Monday.

Bangladesh’s overall imports grow by 12.13% in March
Bangladesh overall import increased by 12.13 per cent in March, mainly due to higher import of food grains and capital machinery, officials said. The settlement of letters of credit (LCs), generally known as actual import, in terms of value, rose to $4.20 billion in March 2018, from $3.74 billion in the same period of the previous calendar year, according to the central bank’s latest statistics.

Bangladesh’s stocks down for second day
Bangladesh’s stocks edged marginally lower Monday for the second day in a row as investors followed cautious stance amid ongoing quarterly earnings declaration. Brokers said investors mostly followed “wait-and-see’ strategy and observing the market movement carefully amid ongoing earnings declaration.

India mulls investment in BD’s three economic zones
A delegation of Bengal Chamber of Commerce and Industry from Kolkata today visited the Chittagong Chamber of Commerce and Industry (CCCI) at the World Trade Centre in the city. The 15-member delegation of the Indian businesses headed by its president Chandra Shekhar Ghosh is representing industrial sectors like food packaging, cement, steel, engineering, design and technology, real estate, education, media, pharmaceuticals, petro-chemical and LPG, manufacturing, IT and banking and non-financial institutions.

To show profits, NBL seeks relief from keeping Tk 1,150cr provision
National Bank Limited, in an unusual move, has requested Bangladesh Bank to exempt it from keeping Tk 1,150 crore provision in its financial statement for 2017 against Tk 3,416 crore classified loans to show hefty profits for the year, said BB officials. The NBL in a letter to the central bank past week made the request saying that loans of its 22 clients worth Tk 3,416.85 crore were ‘temporarily irrecoverable’.

Bangladesh plans FTA with Thailand
Bangladesh has decided to sign a free trade agreement (FTA) with Thailand to boost trade with the Southeast Asian nation, Commerce Minister Tofail Ahmed said yesterday. He spoke at the inaugural session of a four-day fair of Thai products at Pan Pacific Sonargaon hotel in the city.

BBN/SSR/AD