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.
‘One stop services for FDI to formally inaugurate in December’
Authorities are going to formally inaugurate the one-stop service (OSS) to make Foreign Direct Investment (FDI) much easier, said a Bangladesh Export Zone Authority (BEZA) executive official in a program in the city on Saturday afternoon.
Transport strike disrupts economic activities, communications
Transport strike disrupted communications across the country on Sunday, taking a heavy toll on trade and economic activity. According to business circles, overall commodity supply chain, export-import activities were severely halted. Export and import of goods to and from Dhaka, Chittagong and Mongla ports also got hampered.
Stocks sink to 22-month low
Dhaka stocks sank to a 22-month low on the back of slow retreat of institutional investors upon anticipation of political uncertainty in the run-up to the national election, market insiders said.
BB to place three new banks proposals before board
The central bank of Bangladesh is set to place the proposals for approving three more banks before its board of directors’ meeting on Monday. The Bangladesh Bank (BB) has taken the latest move following pressure from the government high-ups to issue licences for setting up the new banks before the upcoming national election, according to sources. The proposed banks are Bengal Bank Limited, Peoples Bank Limited and Citizen Bank Limited.
Muhith rules out economic fallout
Finance minister AMA Muhith said on Sunday it is a myth the government cannot do business in all areas. "There are many areas where only the government needs to do business. And the government can attain success there," he said.
Raise investment-GDP ratio to improve economic status
Bangladesh needs to accelerate its investment to gross domestic product ratio to achieve the status of an advanced economy by 2041, said a senior banker of Standard Chartered yesterday. “Currently the investment to GDP ratio in Bangladesh is hovering around 30 percent. Definitely, it needs to be increased and it is possible to increase,” said Abrar A Anwar, CEO and managing director of Standard Chartered Malaysia.
58 global investors express concern over Bangladesh leather sector
Some 58 global investors have expressed their concern over the labour and human rights and environmental practices in Bangladesh leather sector mainly in tanneries. Interfaith Center on Corporate Responsibility, the coalition of the institutional investors, on Monday sent letters to the government expressing their concerns over the leather sector.
Equal rights for women: Speakers for eliminating obstacles, creating awareness
Speakers at a discussion program on Saturday emphasized on eliminating the obstacles and awareness creation to create more women entrepreneurs and establish equal rights for women by 2030, as set by Sustainable Development Goal (SDGs).
BBN/SSR/AD