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.
Go slow to avoid fall into debt trap
Two eminent economists have called for a reform agenda for the next government from the international development partners, including the World Bank, to stave off brewing tension on various economic fronts. The appeal came yesterday at the unveiling of the WB's latest report on the Bangladesh economy.
Bangladesh taka depreciates against US$ slightly
The exchange rate of Bangladesh Taka (BDT) depreciated slightly against the US dollar (USD) on Tuesday, despite the central bank’s support with foreign currency to the commercial banks. The local currency depreciated by three paisa in the inter-bank foreign exchange market on the day mainly due to higher demand for the greenback, market operators said.
Petrobangla gives the green light to LNG import from Indonesia
The Bangladesh Minerals, Oil and Gas Corporation (Petrobangla) has given the green light to a proposed sales and purchase agreement (SPA) for the import of liquefied natural gas (LNG) from Indonesia. Following the approval of the Petrobangla Technical Committee, the SPA was forwarded to the Power, Energy and Mineral Resources Ministry. After further vetting the proposal, the ministry will send it to the Law Ministry, who will in turn forward it to the Cabinet Committee on Public Purchases for final approval.
Only 13pc of Bangladeshis use internet: survey
The number of internet users in Bangladesh is the lowest among South Asian countries as only 13 per cent of the country’s people use internet, according to a survey conducted by LIRNEasia, an Asia Pacific based think-tank. The findings are part of After Access, an international-award-winning effort to collect reliable data on access to and use of mobile phones and internet in the Global South.
Change BB’s approach, develop secondary market: Experts
Channelling of green financing in Bangladesh remains largely inadequate, as the central bank's approach in this regard is hardly bearing any result, experts said at a seminar in the capital on Tuesday. At the same time, development of a secondary market is urgently needed to ensure long-term financing sources for green initiatives, they opined at a Dialogue on Green Banking.
Bangladesh’s inward remittances up by 14pc in Q1
The flow of inward remittances grew by nearly 14 per cent in the first quarter (Q1) of the current fiscal year (FY) 2018-19 against the same period of the last fiscal year, officials said. The inflow of remittance rose to US$3.86 billion during the July-September period of the FY 19 from $3.39 billion in the same period of the previous fiscal, according to the central bank latest statistics, released Monday.
One-third population financially excluded
One-third of the population in Bangladesh is still financially excluded because of the high cost of financial transaction and poor regulations, experts said yesterday. Other major reasons for the exclusion include lack of banks' dedication to offer diversified services, existing collateral-based system for loan disbursement, low level of financial literacy, and information asymmetry, they said.
BSEC lifts suspention of 2 cos
The Bangladesh Securities and Exchange Commission on Tuesday lifted suspension of trading of shares of two companies, BD Autocars and Legacy Footwear, and sent them to the spot market. The market regulator, however, extended the trading suspension of Monno Jute Stafflers’ shares by 15 more days, according to a BSEC order issued on Tuesday.
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