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.
DSE enters hi-tech era
The Dhaka Stock Exchange can brace itself for some radical technological upgrades in the near future that would take it to global standards after Shenzhen Stock Exchange (SZSE) and Shanghai Stock Exchange (SSE) became its strategic partner.
Ease highway traffic, clear goods from border ports speedily
Traders Sunday urged the government to take effective measures for ridding the Dhaka-Chattogram highway of severe traffic congestions and ensuring speedy clearance of essentials imported from India to help keep prices under control during the holy month of Ramadan.
Yield on 91-Day T-bills falls to 1.0%
The interest rate on 91-Day Treasury Bills (T-bills) dropped at the lowest ebb on Sunday, as commercial banks rushed to offer bids in the auction, bankers said. The cut off yield, generally known as interest rate, on 91-day T-bills came down to 1.0 per cent on the day from 1.09 per cent of the previous auction, held on May 06.
Bonded warehouse, border haat misuse hurting local textile mills
Country’s textile millers have warned that the sector is facing a survival crisis due to smuggling of textile products and misuse of bonded warehouses and border haats with India. ‘The value of the stock of fabrics and yearns now amounts to Tk 20,000-25,000 crore as 40 per cent of total production have remained unsold since January this year as the illegally imported fabrics and yearns from India and China have been flooding the market,’ Mohammad Ali Khokon, acting president of Bangladesh Textile Mills Association, told reporters at the association office in Dhaka.
Govt’s bank borrowing may turn into positive in June
The government’s gross borrowing from the banking system jumped on Sunday indicates net borrowing may turn into positive from negative by the end of this fiscal year (FY). Bangladesh government borrowed BDT 13 billion on the day against previously fixed target worth BDT 2.0 billion through holding of its 91-Day Treasury Bills (T-bills).
Paddy price in Haor region drops to three-year low
After experiencing devastating flash floods last year, Haor farmers are also in serious peril during this Boro harvesting season as its price reached a three-year low. Influence of middlemen including local ‘faria’, wholesalers and husking millers is forcing them to sell their Boro paddy at half of their production cost, farmers said at a press conference on Sunday.
ShopUp: One-stop solution platform for Facebook entrepreneurs
This platform provides social media based micro-entrepreneurs with a way to sell with better organization and access to affordable financing. Facebook, one of the world’s largest social media platforms, has proved a blessing for many entrepreneurs with small businesses.
ADB for mitigating agriculture risks in Bangladesh
Bangladesh government, Asian Development Bank (ADB) and stakeholders at a seminar on Sunday discussed financial protection options to mitigate risks in the country’s agricultural sector. The two-day international seminar on “Financial Protection towards Agriculture Risk Mitigation in Bangladesh” was opened at a hotel in Dhaka.