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.
Pollution from Savar tannery park to multiply after Eid
Nowadays, roughly 12,000 cubic metre of untreated effluents from 67 tannery factories at the tannery park at Savar is dumped into the Dhaleswari River every day. The river is getting increasingly polluted as the tannery factories were shifted to Savar beginning last year even before the central effluent treatment plant and other related facilities were fully installed at the Tannery Industrial Park.
Govt changes incentive structure for exports
The government has brought some major changes to the incentive structure for exports in order to achieve a higher overseas sales target set for the current fiscal year. Bangladesh Bank on Thursday released an incentive structure for 2017-18, granting stimulus to five sectors for the first time and increasing existing rates for four.
‘Power, gas prices fixed for sustainable development’
State Minister for Power, Energy and Mineral Resources Nasrul Hamid said the prices of electricity and gas are set keeping sustainable development in mind. As electricity and gas are both directly and indirectly linked to all sectors, their prices are fixed considering the purchasing capacity, income and expenditure, and overall situation of the people, he claimed.
Default loans rise continuously in Bangladesh
The amount of default loans is increasing continuously in the recent months despite close monitoring by the central bank of Bangladesh. The volume of classified loans in the country’s banking sector rose further by BDT 7.39 billion in the second quarter (Q2) of this calendar year taking the total defaulted loans to BDT 119.76 billion in the first six months of 2017.
Bangladesh’s stocks return to red after three weeks
Bangladesh’s stocks registered a moderate correction, breaking a three-week winning spell, as risk-averse investors opted for booking profits on sector-wise stocks. Market insiders said investors mostly preferred to pocket profit especially from cement, textile, non-bank financial institutions, engineering, pharmaceuticals, banks and food & allied sectors, which contributed to fall of indices.
Political consensus at home stressed to take advantage of regional trade
Businesses and political leaders at a seminar on Saturday emphasised political consensus for taking advantage of regional trade and connectivity. In the event titled ‘Bangladesh in Regional Trade and Connectivity: A politico-Economic Assessment’ organised by the Centre for Governance Studies at the Bangladesh Institute of International and Strategic Studies auditorium in Dhaka, they also said that Bangladesh should give a strong drive to link the country physically with East and Southeast Asia to reap the benefits of regional trade.
NBR relaxes rules for reporting on source tax
The tax administrator has relaxed the rules of reporting on deduction of source tax for companies, non-governmental organisations and cooperatives. They can now report on deduction of different kinds of source tax to the field office in which they submit their income tax returns.
Food safety big challenge for B’desh
Food safety is a big challenge for the country as hundreds of thousands of businesspeople involved in food processing are working under the regulations of so many regulators. This observation came from Bangladesh Food Safety Authority chairman Mohammad Mahfuzul Hoque at a press conference in the capital on Saturday. He said about 25 lakh people were involved in producing, processing and manufacturing foods — about 15 lakh of them directly and 10 lakh indirectly.
BBN/SSR/AD