Thursday’s morning business round up of Bangladesh

Last updated: September 27, 2018

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.

Dhaka, Delhi agree to ink economic partnership deal
Bangladesh and India on Wednesday reached consensus over signing a Comprehensive Economic Partnership Agreement (CEPA) in an attempt to boost bilateral trade and investment. This comprehensive economic partnership will benefit people of both countries and the deal will be signed after taking all the issues of Bangladesh into consideration, visiting Indian commerce minister Suresh Prabhu said.

Climate Change Fallout: 13.4cr people to be hit hard
More than three-quarters or 13.4 crore of around 16.5 crore population of Bangladesh are at the risk of declining living standards as a result of rising temperature and erratic rainfall due to climate change, the World Bank has said. Rising temperature could affect living standards in diverse ways. Top among them are fall in agricultural and labour productivity and rise in spread of vector-borne and other infectious diseases resulting in lost productivity and income, said a WB report published yesterday.

MNP service for cell phone users from October 1
The mobile number portability (MNP) service will be available for the country’s cell phone customers from the early hours of October 1, said officials of Bangladesh Telecommunication Regulatory Commission. BTRC on Tuesday issued a directive to all the parties concerned including MNP operator Infozillion Teletech BD, telecom network operators, international gateway operators and interconnecting exchanges asking them to complete all preparations to launch the service on October 1.

Golden Gate Ventures invests $15m in Shohoz
Ride sharing platform Shohoz has announced it will receive $15 million in investment from Singapore-based venture capital firm Golden Gate Ventures. The capital will be used in order to support customer acquisition and retention, as well as expansion into other on-demand services, said Shohoz founder and Managing Director, Maliha M Quadir.

Banks' profit rises 20pc
Banks' net profit soared 19.55 percent in the first six months of the year, compared to the same period a year ago, propelled by impressive performance by a few private lenders. Between the months of January and June, the banks raked in profits of Tk 2,206 crore, according to the provisional data received by the Bangladesh Bank.

Economy to expand 7.5pc this fiscal, projects ADB
The Asian Development Bank (ADB) has said Bangladesh's economy is expected to advance by 7.5 per cent during the current fiscal year, powered by private consumption. The forecast is slightly lower than the government target of 7.8 per cent. "Private consumption is likely to remain buoyant as remittances continue to recover," the Asian lender said after launching its Asian Development Outlook (ADO) 2018 Update on Wednesday in Dhaka.

Govt sets rice production target at 36.4m tones
The government has set the rice production target at 36.4 million tonnes for the current fiscal year (2018-19) with an emphasis on high yielding variety (HYV), reports BSS. The target has been set to produce 29.8 million tonnes of high yielding variety in the current year against last year's production of nearly 30 million tonnes, officials said.

WB for peaceful general election
Finance minister AMA Muhith on Wednesday said that the World Bank wanted the next general election to be held peacefully so that its relation with Bangladesh was not disturbed. ‘The relationship should not be disturbed even if there is a change in the government,’ Muhith told reporters after a meeting with visiting World Bank vice-president for South Asia Hartwidf Schafer at the ministry.

BBN/SSR/AD

 

Bangladesh Business News
BBN is the country's oldest Business News and Analysis platform, run by veteran business journalist and analyst that you can rely upon.
© Copyright 2024 - BBN - All Rights Reserved
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram