Working in a RMG factory of Bangladesh BBN file photo
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.
Rebranding RMG abroad is needed, says EU envoy
A major rebranding of Bangladesh and its ready-made garment (RMG) sector are needed to enhance their images abroad, the European Union envoy in Dhaka has said. "We need to work together for rebranding the country and the sector," the European Union Ambassador in Dhaka Rensje Teerink said at a seminar here on Wednesday.
Bangladesh comes last in South Asia
Bangladesh ranked 176th out of 190 countries in the World Bank's Ease of Doing Business index this year, which is the lowest ranking for a South Asian nation -- an alarming development given the government's claims of reforms to improve the score.
4 tower cos get licences today
Bangladesh Telecommunication Regulatory Commission will hand over licences to four tower sharing companies today, paving the way to separate ownership of mobile phone operators from mobile phone towers. The telecom regulator recently issued letters to the top officials of licence wining entities — Edotco Bangladesh Company, TASC Summit Towers, ISON Tower Bangladesh Private (renamed as Kirtonkhola Tower Bangladesh), and AB Hightech Consortium.
Banks' earnings per share saw fall in Q3
Most of the publicly traded banks have reported negative growth in their Earnings Per Share (EPS) in January-September period of the year 2018 compared to same period last year. According to banks’ disclosure posted on the website of Dhaka Stock Exchange (DSE), of the 30 listed banks, 18 banks have registered negative growth in their earning per share (EPS) in January-September period compared to the same period last year.
Bangladesh Bank relaxes regulations on forex forward
The central bank of Bangladesh has relaxed regulations on forward sale and purchase of foreign exchange (forex) to facilitate hedging transactions, officials said. Under the relaxations, customers are allowed to receive their exchange gains after closing forward deals. Earlier, exchange gains, if any, on cancellation were not passed on to customers.
Summit LNG gets tax waiver for 15 years
National Board of Revenue (NBR) has offered a set of tax benefits to Summit LNG Terminal Co (Pvt) Ltd, including tax waiver for 15 years on its income. The company will also enjoy tax exemption on interest amount of foreign loan, royalties, technical know-how fees, and technical assistance fees for the period.
Ctg port bears brunt of transport strike
Turnaround time at the Chattogram port has sharply increased because of a recent two-day countrywide transport strike, leading to vessel congestion and cancellation of berthing schedules. At least seven vessels had to prolong their stay at jetties as containers meant for exports could not be brought in for the absence of transport during the strike.
Muhith makes ‘U’ turn on contesting polls
Finance minister Abul Maal Abdul Muhith on Wednesday made a dramatic reversal of his stance as regards contesting the upcoming general election, saying that he would submit nomination paper. He has so far been showing his reluctance to contest the elections for another term, hinting at an end to his prolonged political career.
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