RMG factory

Working in a RMG factory of Bangladesh BBN file photo

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.

Customs detect major abuse of bond facility

Customs officials have discovered the abuse of duty-free facility under bonded-warehouse scheme after auditing the documents of some 136 import consignments belonging to one particular readymade garment (RMG) exporter. The consignments of RMG fabric came through the Chittagong Custom House (CCH) in 2018.

NBR frames integrated disposal procedures

National Board of Revenue has issued a permanent order regarding disposal procedures of unreleased items from ports and smuggled products seized by the government agencies including customs authorities to expedite auction or destruction process of the goods under integrated guidelines.

Mobile phone assembly picks up momentum
Local handset plants churned out 23 lakh units in 2018, with the government’s policy that compelled importers to set up plants in the country looking to bear fruit. “This development needs to be highlighted for Bangladesh,” Mustafa Jabbar, telecom and ICT minister, told The Daily Star.

Bangladesh Bank to unveil monetary policy next week
Economists urged the central bank to announce guidelines on ways to tackle soaring Non-Performing Loans (NPLs) and easy terms for Small and Medium Enterprises(SME) loans in the upcoming monetary policy for the second-half (H2) of FY2018-19. They also said the policy should focus on how to boost private sector investment in the economy.

Bangladesh’s stocks return to red after single-day break
Bangladesh’s stocks returned to the red on Monday, after a single-day break, as investors opted for profit-motivated sell-offs. Brokers said the market faced late hours’ selling pressure as investors opted for profit booking in micro cap and mini cap securities, after recent price surge.

BD FDI flow up despite global decline in 2018
The flow of foreign direct investment (FDI) into the country recorded substantial rise in 2018 with China becoming the top contributor. The development came in contrast to the decline in global inflow of FDI last year, according a report of the UNCTAD.

Tk 1,893cr projects await nod
Eight projects are likely to be placed in today’s Ecnec meeting, in what can be viewed as a return to normal order following the flurry of project approvals in the three months to the 11th general elections. The projects that are set to get the green light in the meeting, the first under the new government, involve a total of Tk 1,893 crore.

Loan disbursement to SMEs drops 6pc in 9 months
Small and medium entrepreneurs’ loan from banks and non-bank financial institutions declined by 6.01 per cent or Tk 7,391.28 crore in January-September period of the year 2018 compared with that in the same period of the year 2017.