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.
Hasina renews pledge to help business
The private sector is the driving force of the economy and the government will continue supporting the sector to help it flourish further, Prime Minister Sheikh Hasina said yesterday. “I would like to assure you that our government’s cooperation would continue to create a business-friendly environment for developing the private sector through a transparent management,” Hasina said renewing her pledge, in an international conference on economy in Dhaka.
Some of the sprouting banks to merge soon
Muhith dropped Wednesday a broad hint at merger of some of the sprouting banks soon and asked for making the merger laws. “The number of banks now is 56 — quiet big. I have nothing to say about it since it will shrink in natural course. Some of them will be merged. We need to be ready with merger and bankruptcy laws,” the finance minister said.
NBR launches month-long drive against tax evaders, corrupt officials
The National Board of Revenue on Wednesday launched a month-long move against tax dodgers across the country. Taxmen will take actions against people who evade income tax, value-added tax and customs duties during the drive, said NBR chairman Md Nojibur Rahman, after inaugurating a sculpture of the Royal Bengal Tiger and a garden in front of the NBR headquarters in Dhaka. Explaining the setting up of the garden and tiger sculpture, he said that ‘flowers for compliant taxpayers and tiger’s paw for evaders’ was the new slogan of the NBR.
Bangladesh gets $360m WB credit to improve waterway connectivity
Bangladesh received $360 million through financing agreement with the World Bank to improve the navigability of 900km inland waterways along the Chittagong-Dhaka-Ashuganj Corridor and connecting routes, which will enable year-round safe transport for passengers and cargo along the country’s busiest waterways, said the lender in a statement. The agreement was signed by Senior Secretary at Economic Relations Division Mohammad Mejbahuddin and World Bank Country Representative for Bangladesh, Bhutan and Nepal Qimiao Fan on behalf of their respective organisations in Dhaka yesterday.
Bangladesh’s stocks edge lower for 2nd day
Bangladesh’s stocks finished slightly lower for the two consecutive sessions on Wednesday amid volatile trading throughout the session as most of the investor followed cautious stance ahead of year-end. The market opened with an optimistic note in the morning, gaining more than 12.69 points to stand at 4,943.96 points within first 15 minutes of trading. After 30 minutes of trading, DSEX, the prime index Dhaka Stock Exchange (DSE) went down by 3.51points to came down at 4,927.65 points at 11:00am.
Private sector key to SDGs: economist
The active engagement of the private sector and increased domestic resource mobilisation are essential in attaining the Sustainable Development Goals by 2030, a noted economist said yesterday. “The year 2030 is a great opportunity to integrate the private sector in the development process,” said Debapriya Bhattacharya, distinguished fellow of the Centre for Policy Dialogue.
121 workers fired, 200 sued
At least 121 workers of a readymade garment factory at Ashulia industrial belt were terminated and over 200 workers were sued in separate cases filed for instigating labour unrest. Apparel workers in the industrial belt have been demonstrating since December 11, demanding minimum wage of Tk 16,000. Ashulia police said at least two cases were filed against 219 workers of two factories for vandalism, looting, threatening other workers and assaulting factory officials and police arrested two of them.
Gas crisis to end by 2018: minister
The government is seriously working to get rid of the current gas shortage and connect all houses to electricity grid by 2018, said the state minister for power and energy yesterday. “There will be no gas shortage in the next two years,” said Nasrul Hamid while speaking at a discussion on Bangladesh’s energy sector at an international conference at Radisson hotel in Dhaka. Dhaka Chamber of Commerce and Industry (DCCI) organised the daylong conference — New Economic Thinking: Bangladesh 2030 and Beyond.