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.
Delhi assures Dhaka of 'prioritising' entry, exit
New Delhi has assured Dhaka of prioritising entry and exit of third country transit cargo to and from Nepal and Bhutan, officials said. The assurances came following proposals of Bangladesh as the joint group of customs (JGC) between the countries sat in its 12th meeting in Delhi recently.
SDGs not possible without youth uplift: experts
The Sustainable Development Goals will not be achieved without ensuring quality education and employment for the youth, experts said yesterday. There is no doubt that the country is facing different challenges when it comes to the youth, said Gowher Rizvi, the prime minister's foreign affairs adviser.
Janata Bank plagued by bad loans, capital shortfall, huge losses
Janata Bank is yet to undertake any effective measures to come out from under huge bad loans, mainly to a number of businesses, including Anon Tex and Crescent Group, defying central bank regulations. The state-owned commercial bank lent above Tk 10,000 crore to Anon Tex and Crescent Group, a Bangladesh Bank(BB) recent report unveiled, saying Janata did not comply with the central bank’s single borrower exposure limit criteria.
Govt may waive TK 100 SIM replacement tax for MNP
The government in principle has decided to waive Tk 100 in taxes on the SIM cards which would be replaced with the mobile phone operators against mobile number portability service. The decision came following a proposal from Bangladesh Telecommunication Regulatory Commission on the eve of MNP service launch.
July-Aug trade gap reaches $2.11b
Bangladesh's trade deficit crossed US$ 2.0 billion in the first two months of the current fiscal year (FY), 2018-19, mainly due to its higher import payments than lower export receipts, officials said. The gap in trade with the rest of the world rose to $ 2.11 billion in the July-August period of FY 19, from $ 1.77 billion in the same period of the previous fiscal.
Build right ecosystem to expedite digitalization
The country should build the right ecosystem, update laws and automate transactions to accelerate the ongoing digitalisation process and make people's lives easier, said speakers yesterday. “The government and regulators need to build the right ecosystem and take preparations for cyber security. Otherwise, it will create a mess,” said Raihan Shamsi, chairman and chief executive of DevoTech Technology Park, a platform that fosters technology ecosystem in Bangladesh.
Dhaka stocks rise on financial sector gains
Dhaka stocks on Sunday posted moderate gains, after falling in the previous two sessions, as some investors went on bargain hunting purchase of shares of the financial sector while others booked profit from the energy sector. DSEX, the key index of Dhaka Stock Exchange, added 0.20 per cent, or 11.39 points, to close at 5,446.40 points on Sunday after losing 20.70 points in the previous two sessions.
Imported bicycles grab major share of local market
Imported bicycles, mostly from China and India, are dominating the local market with their attractive designs and reasonable prices, industry insiders have said. While Bangladeshi bicycle manufacturers have been making strides and have experienced steady growth in exporting bikes, they cannot compete with their foreign competitors on the domestic market as they have to import the majority of their raw materials to manufacture bicycles, they say.
BBN/SSR/AD