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.
N-region set to face power disruption from today
The electricity supply in the country’s northern region is likely to suffer a major setback from today (Monday), said officials. It is going to happen, as all the three units of the Barapukuria coal-fired power plant, having the total capacity of 525 megawatts (MW), will face forced closure due to lack of coal supply, they added.
Shrimp exports fall for fourth straight year
Shrimp exports fell for a fourth consecutive year in 2017-18 in the face of persistent weak demand in the international market for the locally farmed shrimp. Export earnings from shrimp fell 8.37 percent to $408 million in the just concluded fiscal year, according to the Export Promotion Bureau.
Bangladesh’s private sector credit growth rises in FY 18
Bangladesh’s private sector credit growth increased significantly in the just-concluded fiscal year (FY) mainly due to higher import payment obligations, bankers said. The growth in credit flow to private sector rose to 16.95 per cent in the FY 2017-18 from 15.66 per cent a year before, according to the central bank latest statistics.
Alliance: Safety monitoring system needed for RMG sector
The Alliance for Bangladesh Worker Safety, one of the two major western buyers’ platforms working to improve workplace safety in Bangladesh’s readymade garment sector, will end its tenure at the end of this year. However, the platform and the buyers are still in talks with the government and other stakeholders to put a safety monitoring mechanism in place, former ambassador James Moriarty, the executive director of Alliance, told reporters on Sunday at a briefing.
Bangladesh’s stocks end flat, turnover soars
Bangladesh’s stocks ended almost flat on Sunday as late hours selling pressure wiped most of the early gains, market operators said. Following the previous week’s marginal correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher amid rising trading activities.
Telcos not welcome in mobile financial services
The central bank continues to flip-flop over letting mobile operators have a slice of the mobile financial services pie, with its latest decision being that carriers cannot hold any shares in companies that provide MFS. In the board meeting on July 15 that saw the MFS regulation get the green light, the Bangladesh Bank directors decided against letting the mobile operators in the MFS field.
Bangladesh moves 9 notches up to be 115th in e-govt index
Bangladesh has moved nine notches up to rank 115th in 2018 among 193 countries in the global e-government index of the United Nations. The United Nations Department of Economic and Social Affairs on Friday released the E-Government Survey-2018 that also showed that Bangladesh also ranked top among the least developed countries in the index.
BSEC cancels Zaheen Spinning’s right share subscription
The Bangladesh Securities and Exchange Commission (BSEC) has canceled the right share subscription of Zaheen Spinning Limited after the company wanted BSEC to revise the offer of the right share ratio. The decision was taken at a BSEC meeting presided by its Chairman M Khairul Hossain on Sunday.