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.

Boro rice output hits new record
Rice production in the immediate past boro season shot up to a new high of 1.95 crore tonnes, pulling the total output of the staple to 3.62 crore tonnes in the immediate past fiscal year, enough to meet domestic demand. The latest production estimate of boro is 8.67 percent higher than 1.80 crore tonnes harvested in 2016-17, according to the Bangladesh Bureau of Statistics.

WB loans get costlier, its terms too
Bangladesh will no longer eligible for concessional loan from the World Bank as it has started lending at 2.0 per cent rate. The Washington lender has made the higher rate effective from this month instead of 0.75 per cent, officials said on Monday.

Mobile call may get pricy as govt to set uniform floor rate at Tk 0.5
The government has initiated a move to introduce uniform voice call rate for the mobile phone subscribers, setting the floor rate at Tk 0.50 per minute and the upper limit at Tk 2 per minute, which is likely to force consumers to pay more for calls. The new uniform call rate would scrap the existing separate rates for on-net (within the same operator) and off-net (one operator to another) calls, meaning that the rate would be applicable for making calls in any operator.

Bangladesh’s tax revenue to GDP ratio is the lowest in South Asia
The standing Committee on Finance Ministry on Wednesday urged the government to increase revenue collection as Bangladesh’s tax revenue to GDP ratio is the lowest among South Asian countries. The committee was sitting at the 25th meeting presided over by Chairperson Dr Md Abdur Razzaque at the Parliament on Wednesday.

Bangladesh’s veteran journalist Moazzem Hossain no more
AHM Moazzem Hossain, editor of The Financial Express, is no more. Inna lillahi wa inna ilayhi raji’un. He breathed his last at 6:15 pm (local time) on Wednesday at Square Hospital in the capital Dhaka. He was 73.

Bangladesh remains the second biggest apparel exporter
Bangladesh held on to its status as the second biggest apparel supplier in the world in 2017, accounting for 6.5 percent share of the market, according to data from the World Trade Organisation (WTO).

Foreign fund at DSE withdrawn for 4th month
Foreign investment at the Dhaka Stock Exchange remained negative in July for the fourth consecutive month as the overseas investors continued offloading their holdings at the bourse amid concerns over the country’s financial sector and national elections.

Probashi Kallyan Bank now a scheduled bank
The Probashi Kallyan Bank (PKB) has been enlisted as a scheduled bank with effect from July 30, according to a circular issued by the Bangladesh Bank (BB). PKB has been enlisted as a scheduled bank by the central bank as per section 37 (2)(a) of Bangladesh Bank order, 1972.

BBN/SSR/AD