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.

NBR misses revised target by 9.0pc, original 17.0pc
Tax-revenue mobilised by the National Board of Revenue (NBR) fell short of the revised target by Tk 200 billion in the just concluded Fiscal Year (FY), according to a provisional figure. Revenue officials and experts attributed the shortfall to the setting of an ‘ambitious’ target by the government. The NBR collected an aggregate Tk 2.05 trillion worth of tax revenue in FY 2017-18 against the revised target of Tk 2.25 trillion.

Bangladesh’s PCBs mark mixed trend in H1 profit
The operating profit of Bangladesh’s private commercial banks (PCBs) showed a mixed trend in the first half (H1) of 2018. Of the 40 PCBs, the operating profit of 14 recorded an upward trend, while that of six banks witnessed a downturn, according to the provisional data for the six-month period from January to June this calendar year.

Biman to get two new Boeing aircraft this year
The government is set to purchase two Boeing aircraft this year with a $270 million hard loan from HSBC as part of the plan to turn Biman profitable. The rate of interest on the loan would be Libor plus 2.16 percent, said Finance Minister AMA Muhith after approving the loan yesterday.

Source tax on export proceeds to be lowered again to 0.70pc: Tofail
Commerce minister Tofail Ahmed on Sunday said that income tax at source on export proceeds would possibly return to its previous rate (0.70 per cent) for the current fiscal year of 2018-2019. At a dialogue on the sustainable development goals, he said that he raised objection during the budget formulation process against the increase of the tax to 1 per cent for the current fiscal year from the previous FY’s 0.70 per cent.

Container handling rises at Ctg port
Container handling at the Chittagong port increased by around 12 percent in the just concluded fiscal year from around 24.19 lakh twenty-foot equivalent units (TEU) in the previous year. Official figures show the annual growth in the handling of such import, export and empty containers was 10.50 percent in 2016-17, down from 17.27 percent a year ago.

IPO subscription of two cos to begin this month
The public subscription of ML Dyeing Ltd and Silva Pharmaceuticals Ltd will open on July 8 and July 29 respectively, officials said. ML Dyeing will raise Tk 200 million and Silva Pharmaceuticals will raise Tk 300 million from the capital market using the fixed price method.

Trade facilities for Bangladesh to remain intact after Brexit: UK minister
British minister of state for Asia and the Pacific Mark Field on Sunday said his country would continue offering the trade facilities Bangladesh is enjoying now in the United Kingdom even after Brexit. Brexit is an abbreviation for ‘British exit’, referring to the UK’s decision in a June 23, 2016 referendum to leave the European Union.

Rohingyas can open bank accounts to receive aid
Rohingya refugees will soon be able to open bank accounts after the Bangladesh Bank has come up with a system to enable the displaced community to receive financial support from the government and global agencies through a proper channel.

BBN/SSR/AD