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.
BB wants out-of-court settlement too
Dhaka is likely to propose an out-of-court settlement, in a major policy shift, for the recovery of the rest $66 million of the country’s stolen reserve fund from Manila. Officials, quoting a latest position paper of the Bangladesh Bank, said that finance minister AMA Muhith at a meeting with his Philippine counterpart scheduled for today would urge the Philippine government to ‘consider possibilities of an out-of-court settlement with agencies and individuals concerned.
Scanning at Ctg Port: Govt settles for costlier option
Scanning operation is a sensitive job for any port around the world. It examines imports through misdeclaration and the presence of explosives that could jeopardize national security. Once released, there is little scope for reexamining the containers. Yet the Chittagong Custom House (CCH) is relying on private operators for the delicate job as it failed to establish a permanent scanning department of its own to do this.
Four ‘fast-track’ projects of transport sector not ‘on-track’
The four 'fast-track' projects of the country's transport sector have fallen behind their respective completion target due to tardiness in their implementation process, officials said on Wednesday. They said among the total 10 'fast-track' projects, the government has given utmost priority to four transport sector projects. These are -- Tk 287.93-billion Padma Bridge construction, Tk 349.88-billion Padma railway link, Tk 219.85-billion Dhaka Mass Rapid Transport (MRT Line-6), and Tk 180.34-billion Dohazari-Ramu-Cox's Bazar-Ghundum project.
Tofail: No reason to increase the prices of the commodities this Ramadan
Commerce Minister Tofail Ahmed on Wednesday said there is no reason to increase the prices of commodities this Ramadan. Speaking to journalists at his home in Bhola’s Gazipur, he said: “There is enough supply of commodities compared to the demand, and TCB will start selling products in open market from May 6.”
Bangladesh tops China, India
Bangladesh overtook China and India in ethical compliance in apparel segment on the back of improved workplace safety following pressure from international inspection and remediation agencies, according to a new survey. “In particular, ethical scores in Bangladesh rose by an average of 15 percent during the past 12 months,” said AsiaInspection in its first quarterly report of 2018 released last month.
Cos unwilling to obey BSEC’s latest order
Companies are reluctant to comply with the securities rules of mandatory holding of minimum 30 per cent shares by their sponsor-directors jointly due mainly to having limited enforcement tools on the part of the stock market regulator. Some companies have recently expressed their unwillingness to follow the rules mentioning ‘silly’ reasons to the stock exchanges when the bourses asked the companies to ensure compliance with the rules.
Businesses falsify e-BINs for tax evasion
Field-level VAT offices have discovered false and incomplete information provided to the database of electronic Business Identification Number (e-BIN), thus creating scope for tax evasion. The VAT officials said the immediate action should be taken to clean up the false and fabricated data in the e-BIN to prevent the loss of revenue arrears.
Seven textile cos get increased institutional investment in March
Seven listed companies of textile sector received increased institutional investment in March this year amid their mixed performance displayed during January-March, 2018. The companies are Saiham Textile Mills, Stylecraft, Alif Manufacturing Company, Simtex Industries, Dragon Sweater and Spinning, Paramount Textile and Alltex Industries.
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