File photo: Investing.com
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.
Govt approves country's first gold policy
The cabinet yesterday approved the first-ever gold policy for the country aiming to make import and export of the precious metal easy, stop its smuggling, and ensure transparency in its trade. The main aim of the policy is to increase gold ornament export, Cabinet Secretary Shafiul Alam told reporters after the cabinet meeting chaired by Prime Minister Sheikh Hasina yesterday.
BPC to propose oil price hike
The Bangladesh Petroleum Corporation (BPC) is set to send a proposal to power, energy and mineral resources ministry for a substantial hike in the prices of petroleum products. It aims to avoid losses in oil trading due to the sky-rocketing oil prices in the international market.
Dollar crawls up vs taka after staying put for 3 months
The inter-bank exchange rate of the US dollar against the taka has started to inch up in last two days after remaining static for three months at Tk 83.75. Bangladesh Bank officials said the dollar started to strengthen in last few days amid increase in import payment.
DSE seeks permission to open brokerage branches outside Dhaka
The DSE (Dhaka Stock Exchange) Brokerage Association (DBA) sought permission from the securities regulator to open brokerage house branches across the country to cater to more investors. After the stock market crash in 2010, the Bangladesh Securities and Exchange Commission (BSEC) put a bar on opening brokerage house branches beyond the capital.
Banks' capital base weakens further
The banking sector's capital base weakened further in the second quarter this year on the back of deteriorating asset quality of banks, as per the Bangladesh Bank's latest data. As of June, banks' capital adequacy ratio (CAR), which determines the adequacy of banks' capital keeping in their risk exposures, stood at 10 percent, down from 10.11 percent a quarter earlier.
BIDA’s 'One Stop Service' launch in Nov
The prototype of the much-awaited 'One-Stop Service' scheme will be rolled out in November, executive chairman of state-run Bangladesh Investment Development Authority (BIDA) Kazi M Aminul Islam has said. "We will launch the prototype next month," Mr Islam said after attending a meeting with the foreign investors at a city hotel on Wednesday.
Image aboard, govt officials’ attitude challenges to FDI
Both local and foreign investors on Wednesday said that Bangladesh’s image abroad and attitude of government officials towards investors were the biggest challenges for attracting foreign direct investment to the country. At a seminar titled ‘Bangladesh as preferred FDI destination: can one-stop service (OSS) and enhanced ease of doing business help’, the investors also said that the government should make the OSS initiative effective fast to serve potential investors in an expedited, simplified and easier manner to achieve the country’s FDI goals.
Experts: Social mobilization key to achieving SDGs
Economic and development experts have urged NGOs, donors and UN agencies to work together towards achieving the Sustainable Development Goals (SDGs) and continuing the country’s development process through social mobilization. The experts discussed the advantages of social mobilization at a national seminar on SDGs and development, organized by Eminence Associates for Social Development and held at the National Press Club in Dhaka on Wednesday.
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