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.
$5b flies out as remittance annually: Muhith
As much as $5 billion is sent out of Bangladesh every year by foreign nationals working mostly in the export-oriented garment industry, said Finance Minister AMA Muhith. “This $5 billion is taken mostly by Indians, Sri Lankans and nationals from our neighbourhood,” he said at a discussion on Friday on the budget for fiscal 2018-19.
RMG wage board to submit proposals by 3 months, says minister
State minister for labour Mujibul Haque on Saturday said that the Minimum Wage Board on garment sector would submit its proposal recommending wage hike for the workers to the government by next three months.
Govt to review savings tools’ rates: Muhith
The government is going to review the existing yield rates on savings certificates after the next national budget, Finance Minister AMA Muhith said Saturday. “Ideally, the yield rates on savings certificate should be just a bit higher than the market rates. But now, those have become too high”, he said.
Beximco rules week’s turnover chart on DSE for sixth week
Bangladesh Export Import Company (Beximco) dominated the week’s turnover chart for the six week in a row on the Dhaka Stock Exchange (DSE) that ended on Thursday. Market operators said most of the investors remained active on Beximco shares while some booked profit, taking the company to the week’s top turnover list.
Inter-bank fund transfer thru’ ATMs starts from June
Inter-bank fund transfers through automated teller machines will be made available to customers from June, in another boost to help build a cashless economy. To this effect, the central bank in mid-February asked all banks to connect their ATMs to the National Payment Switch Bangladesh (NPSB) in June.
LDC graduation triggers double whammy for BD
LDC graduation might throw Bangladesh into ‘double trouble’ as the country’s preparation for coping with the post-graduation challengers is not satisfactory, economists and businessmen warned Saturday. They said the double whammy would come in the form increasing the cost of doing business or cost of borrowing while taking away of various market preferences that the country enjoys as an LDC (least developing country).
Jul-Apr RMG exports to India surge 115pc
The country’s export earnings from India in the July-April of the current financial year 2017-18 surged by 20.73 per riding on a 115.18-per cent growth in readymade garment exports. Export earnings from China, the largest trading partner of Bangladesh, however, plunged by 30.59 per cent in July-April due to the poor performance of leather and leather goods sector, according to Export Promotion Bureau data released on Thursday.
Headway in designing piers of Padma Bridge
The design problem with 14 piers of the country’s longest bridge under construction has been resolved reigniting hopes about quickening the work. Officials said the project office already started working on three of the piers. The work on the remaining 11 would start soon after load test confirmation.