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.
NBR faces problem in collecting tax from soft, energy drinks
National Board of Revenue has requested Bangladesh Standards and Testing Institution to set specific standards of soft drinks, energy drinks and malt beverages for facilitating the revenue board to collect taxes properly. NBR officials said that field-level officials were facing problems in revenue collection from the products, which have different tax rates, in absence of national standards.
Competitiveness slips one notch in global index
Bangladesh's ranking as a competitive economy has suffered a setback, falling by one notch in a global index as the country's competitiveness has weakened in most of the indicators. Out of 140 countries, the country has been ranked the 103rd most competitive economy in the world by Geneva-based World Economic Forum (WEF).
Tk 3,528cr wiped off DSE in a week
Dhaka Stock Exchange lost Tk 3,528.19 crore, or 0.90 percent, from its market capitalisation in the last seven working days as institutional investors preferred small-cap and junk stocks over the good ones. The DSEX, the benchmark index of the premier bourse, declined 19.09 points, or 0.35 percent, finishing the day at 5,380.78. In the last seven trading sessions, it lost 75.03 points.
Microentrepreneurs Asia Data Portal launched
A new portal, Microentrepreneurs Asia Data Portal (MADP), was launched on Wednesday to cater to countrywide micro-merchants through market-facilitation initiatives. Initially, the project has a target to reach out to 100,000 micro-merchants, organizers said.
Bangladesh imports grow by 6.01% in July-Aug
Country’s overall imports grew by 6.01 per cent in the first two months of the current fiscal year (FY), 2018-19, following a 105.07 per cent increase in fuel oils, officials said. The actual import in terms of settlement of letters of credit (LCs) rose to $8.52 billion during the July-August period of FY 19 from $8.04 billion in the same period of the previous fiscal, according to the central bank latest statistics.
BD to push for connectivity, trade deals with Russia
Bangladesh will press for establishing direct connectivity and trade arrangements with Russia at an upcoming bilateral meeting in Moscow next week, officials said on Wednesday. Dhaka will also request Moscow to allow access of some products, including garment items, to its market with duty-free and quota-free (DFQF) facility, they also said.
SA Group MD held over loan scams
Shahabuddin Alam, managing director of Chattogram-based SA Group and a director of Mercantile Bank, was arrested yesterday on at least five counts of loan irregularities. The irregularities include illegal transfer of mortgaged assets, forgery of import documents and signatures of bank officials, cheque dishonour and willful non-payment of bank loans.
Dhaka, Ctg-centric dev policy fuels inequality: economists
Economists on Wednesday said that the development policy centering two major cities, Dhaka and Chottogram, was hindering equal development and creating earnings disparity with other parts of the country. Dhaka is no more a livable city while the condition of Chottogram is deteriorating due to excessive policy focus, they said.
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