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 probing luxury car owners’ returns
The National Board of Revenue (NBR) is now examining the tax returns of the owners of 930 luxury cars to find out whether they have evaded tax payment on account of the vehicles. The tax authority has collected information about all luxury vehicles that were registered between July 2012 and June 2018 with the Bangladesh Road Transport Authority (BRTA). According to the BRTA data, there are 930 registered luxury vehicles in the country.
No decision yet if Fed to be sued
The Bangladesh Bank is still undecided if Federal Reserve Bank of New York would be made a party in the proposed cases to be filed by February 3 against Rizal Commercial Bank Corporation of the Philippines for the money stolen from reserve fund. Bangladesh Financial Intelligence Unit chief Abu Hena Mohammad Razee Hassan, a member of the central bank team that visited New York, told New Age on Tuesday that the central bank had to settle by next two weeks whether it would sue the US central bank along with Rizal.
Real estate betting big on 2019
Home sales are likely to pick up this year after a underwhelming 2018, spurred by hopes of political stability and positive economic growth outlook, said realtors and lenders. “As the election is over there is political stability. So, we expect the market to be better this year than the last one,” said Alamgir Shamsul Alamin, president of the Real Estate & Housing Association of Bangladesh (REHAB).
FID team to recommend how to reduce default loans
Financial Institutions Division (FID) under the Ministry of Finance has formed a three-member team to recommend how to reducing the volume of default loans in the banking system. The members of team met with the senior officials of Bangladesh Bank (BB) on Tuesday just a day after forming the high-power body, according to officials.
Bangladesh’s stocks return to green again Tuesday
Bangladesh’s stocks returned to the green territory on Tuesday, after a single-day break, as investors showed their buying appetite on financial issues. Following the previous day’s mild correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher amid rising trading activities.
ADP spending rises in Dec
Development spending picked up in December amid the fervour surrounding parliamentary polls on December 30 after being on the slow lane in the first four months of fiscal 2018-19. A planning ministry official said, actually the finance and the planning ministries took some measures from the start of the current fiscal year to boost ADP implementation, which started to come into effect from November.
Over 100 apparel workers suspended for ‘illegal strikes’ and vandalism
The management of AR Jeans Producers Limited and FGS Fashion Limited, owned by a single owner, have temporarily suspended over 100 apparel workers, alleging them of holding illegal strikes in their factories over the new wage structure. Authorities of both factories posted the names and pictures of the temporarily suspended workers on a notice board in front of the factories on Tuesday, citing “illegal strikes” as the reason for their temporary suspension.
Govt to allow LNG import in pvt sector
The government would soon open the import of liquefied natural gas (LNG) to the private sector, enabling them to sell the fuel to clients of their choice. “The private sector would be able to import LNG, regasify and sell it to consumers under a specific policy to be formulated soon,” said state minister for power, energy and mineral resources Nasrul Hamid.