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.
Govt to procure 50,000 tons of rice from Thailand
The government will procure 50,000 tons of non-bashmoti and parboiled rice from Thailand through an international tender, official sources have said. The Ministry of Food proposal to purchase the rice from M/S Sima Trading Company will be placed at today’s cabinet committee meeting on public purchase, which will be presided over by Finance Minister AMA Muhith.
Govt wasn’t alert to depleting stock
Following a blame game over volatility in the rice market, the government and rice traders reached some decisions yesterday to help rein in the price of the staple that has hit an all-time high. The decisions include allowing traders and millers to pack rice in plastic bags instead of relatively pricey jute sacks, and expanding the Open Market Sale programme from district to upazila level.
Users to experience slow internet speed in Sept 21-23
Internet users in Bangladesh will face interruption as the country is going to face around 60 Gigabyte per-second internet bandwidth shortage for three days from tomorrow during maintenance work of first submarine cable. The internet bandwidth shortage is obvious during the maintenance work as the authorities concerned are yet to use capacity of the second submarine cable, officials concerned say.
Bangladesh Bank to expedite farm credit monitoring
The central bank of Bangladesh is going to strengthen its monitoring for ensuring hassle-free disbursement of farm loans, particularly in the flood-affected areas, to facilitate boosting agriculture production. Ten branch offices of Bangladesh Bank (BB), the country’s central bank, have already been instructed for taking effective measures in this connection, according to officials.
Bangladesh’s stocks finish flat amid choppy trading
Bangladesh’s stocks finished flat on Tuesday after volatile trading as investors were active both sides of trading fence throughout the session. Analysts said some investors preferred to book profit on stocks that saw substantial gain in recent upsurge while some took position on banking issues, taking the market in the flat zone.
Govt eyes to earn Tk 11,000cr from 4G auction
The government has targeted to earn Tk 11,000 crore by selling spectrum at the upcoming 4G technology auction that will allow mobile phone operators to offer high-speed data service. Industry experts, however, cautioned that the government should not be too much focused on making a huge amount of money from the auction because high prices might leave the spectrum unsold like it happened in case of 3G.
BD signs another MoU to import LNG
Bangladesh signed another memorandum of understanding (MoU) Tuesday to diversify the import sources of LNG for making sure the availability of gas and its uninterrupted supply to the consumers. The agreement between state-run Petrobangla and Gunvor Singapore Pte Ltd was signed at Petrocentre in the city, in presence of State Minister for Power, Energy and Mineral Resources Nasrul Hamid.
Nat’l body formed to oversee govt’s reform programme
Cabinet Division has formed a national committee to oversee the implementation of the government’s doing business reform programme adopted for improving the country’s ranking in global ease of doing business index. The committee, led by cabinet secretary, will monitor the implementation progress of short-, medium- and long-term reform recommendations and subsequent action plan taken by different ministries and divisions in early this year.