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.
Apparel exporters for fiscal incentives before fixing new wage structure
Apparel exporters sought fiscal incentives from the government before it announces new wage structure for garment workers. They also urged the policy makers to link the wage hike with the country’s inflation.
Food ministry in overdrive
After facing strong criticism last year over poor food reserve due to failure in procuring targeted amount of rice from the domestic market, the Ministry of Food has made a complete turnaround this year.
State lenders to invest BDT 10bn in Farmers Bank bonds
Five state lenders are going to invest BDT 10 billion more in the troubled Farmers Bank Limited (FBL) through subscribing subordinated bonds. The lenders are four state-owned commercial banks (SoCB) – Sonali, Janata, Agrani and Rupali –and Investment Corporation of Bangladesh (ICB).
Regional lending gap threatens SDGs: Study
The big regional lending gap emerged one of the major barriers to the country’s financial institutions (FIs) in achieving SDGs (sustainable development goals), according to a study released on Sunday. The study report of the Bangladesh Institute of Bank Management (BIBM) titled “Achieving SDGs in Bangladesh: The role of banking sector” found almost 85 per cent of the banks’ advances are concentrated only in Dhaka (66.18%) and Chattogram (18.80%) in 2017.
InterContinental opens Thursday
InterContinental Dhaka, formerly known as Ruposhi Bangla and Sheraton, is scheduled to open on September 13 after four years of renovations. First estimated in 2014 to take Tk 344 crore, the refurbishment cost soared nearly 60 percent to finally stand at Tk 550 crore.
Govt to set up 2 more leather industrial estates
The government is going to establish two more leather industrial estates in Chittagong and Rajshahi to utilise the untapped potential of leather and leather goods both at domestic and export market. Industries minister Amir Hossain Amu on Sunday said that Bangladesh Small and Cottage Industries Corporation was now working on selecting the possible sites for the estates.
Green financing key to green RMG
Access to green financing and recognising green actions by the ready-made garment (RMG) factories may help scale up the move to green the clothing industry. A study titled ‘Environ-mental compliance opportunities in the ready-made garment industry: Lessons from the green high achievers’ revealed this on Sunday.
Padma bridge work may not finish on time
Road, Transport and Bridges Minister Obaidul Quader has expressed uncertainty over completion of the Padma bridge construction on schedule, reports UNB. “The Padma is the most unpredictable river. Although everything is ready, I’m not still sure about timely completion of construction of the bridge,” said the minister at a press briefing at Saidpur Airport before leaving for Dhaka around 10:30am yesterday.