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.
Net foreign fund in stocks negative for fifth month
The net foreign fund in the Dhaka Stock Exchange (DSE) continued to remain negative for five consecutive months till August as the foreign investors were reluctant to put fresh stakes.
Devoid of the whims, high-handedness and the Cold War propositions of the bilateral and multilateral donors, smaller countries had found a new source of financing in China. Its funds could be easily tapped without being imposed with the harsh conditions like those of the World Bank and the IMF.
RMG wage board asks workers, owners’ reps to review proposals
The minimum wage board formed to review wages for readymade garment workers requested on Monday representatives of the factory owners and the workers to the board to reconsider their respective wage proposals submitted by them to the board on July 16.
Cabinet approves draft law to soften trade union regulations
Factory workers will be able to form a trade union with the support of only one in five of their colleagues and can go on strike with a simple majority in favour under new legislation approved by the Cabinet yesterday.
Project work hits snag over land acquisition
Construction work of the proposed India-Bangladesh Friendship Pipeline to initiate trading of petroleum oil is being delayed due to complexities over land acquisition, officials said.
178 awarded CIP status
The government yesterday awarded CIP (commercially important person) cards to 178 businesspersons in recognition of their extraordinary performance and contribution to the economy.
Runner gets nod to import raw materials to produce high-capacity motorcycles
The government has permitted Runner Automobiles Limited to import raw materials and equipment for manufacturing motorcycles with high engine capacity in the country for export. The commerce ministry on August 30 issued the import permit certificate to the automobile company, a sister concern of Runner Group.
Chinese consortium enters into DSE board Tuesday
The board of directors of the Dhaka Stock Exchange (DSE) will formally accept a new member today after a Chinese consortium acquired 25% of the shares in the country’s premier bourse yesterday.