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.
Seasonal rawhide traders left in limbo
Like in other districts, small-scale and seasonal traders in Tangail are in trouble with the rawhides they purchased during Eid due to poor response from merchants. Four days past the festival, the small traders could not even get the prices they had paid to buy the rawhides.
FY19 investment likely to exceed gross nat’l savings
The country’s gross investment is projected to exceed its gross national savings in this fiscal year (FY), 2018-19, apparently due to rise in the public sector investment, according to the International Monetary Fund (IMF). The gross investment is projected to stand at 32.3 per cent of the gross domestic product (GDP), up by 2.3 percentage points than that of gross national savings.
Govt moves to increase BSTI certification fees by 200pc
The government has initiated a move to increase product certification fees of Bangladesh Standard and Testing Institution by almost 200 per cent. According to officials of industries ministry and the BSTI, the move has been taken to meet the increasing operational costs for additional manpower and new offices.
BASIC Bank MD resigns
Muhammad Awal Khan has resigned as the managing director (MD) of the state-owned BASIC Bank Limited. Mr Awal, who joined the BASIC Bank as MD on November 1 last for three years, tendered his resignation letter on August 14 on personal grounds, with a three-month notice period, according to the bank’s Chairman Alauddin A Majid.
Bangladesh’s stocks rise higher after Eid holidays
Bangladesh’s stocks ended higher on Sunday, the first session after five-day Eid holidays, as investors continued their buying spree on sector-wise stocks. Analysts said the stocks extended their winning spell for the fifth straight sessions which started before Eid holidays, as the optimistic investors remained active on large-cap stocks amid growing optimism.
Ctg 70th busiest port worldwide
Chittagong Port is the 70th busiest container port in the world after it moved one notch up in this year’s ranking of the Lloyd’s List. The 2018 edition of Lloyd’s List’s One Hundred Container Ports was published on Saturday and was based on the total throughput of containers in 2017.
Member states agree to sign MoU on regional power grid
A memorandum of understanding (MoU) on the establishment of a regional power grid will be signed during the upcoming Kathmandu Summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC). The BIMSTEC secretariat expected that at least four instruments, including MoU on establishment of technology transfer facility, MoU on mutual legal assistance in criminal matters and MoU on cooperation among diplomatic academies of BIMSTEC countries would be signed at the summit scheduled to start on Thursday.
Tofail: Leather sector crisis to end soon
Commerce Minister Tofail Ahmed has said the decision of lowering prices of rawhide was right, amid criticism over low prices, at his secretariat office on the first working day after Eid in the capital. Tofail on Sunday said despite the cut in prices of rawhides, they were not being sold.