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.
Exports jump 18.6pc in 4 months as Oct earnings hit record
Country’s export earnings soared by 18.65 per cent year-on-year in July-October in the current fiscal year as the earnings hit an all-time single-month high in October due to a surge in readymade garment shipment amid the ongoing US-China trade war. The export earnings in July-October of the financial year of 2018-19 grew to $13.65 billion from $11.50 billion in the same period of last financial year of 2017-18.
'Almost all' Pakistani banks hacked in security breach, says FIA cybercrime head
In a shocking revelation, the head of the Federal Investigation Agency’s (FIA) cybercrime wing has said data from "almost all" Pakistani banks was looted in a recent security breach. "According to a recent report we have received, data from almost all Pakistani banks has been reportedly hacked," FIA Cybercrimes Director retired Capt Mohammad Shoaib told Geo News on Tuesday.
BPC set to borrow $1.0b from IDB to purchase oil
Bangladesh Petroleum Corporation (BPC) is going to take out US$1.0 billion hard-loan from Islamic Development Bank (IDB) to purchase oil. The government is likely to approve the loan proposal today (Wednesday), officials said. The standing committee on non-concessional loans, headed by Finance Minister AMA Muhith, may approve the proposal for the high-interest loan to be taken from Islamic Trade Financing Cooperation (ITFC), the commercial wing of IDB, they added.
Annual Banking Conference begins today
The two-day Annual Banking Conference 2018 begins on Wednesday at 10am at the Bangladesh Institute of Bank Management (BIBM) in Mirpur. BIBM Governing Body Chairman and Bangladesh Bank Governor Fazle Kabir will attend the inaugural session of the conference as the chief guest, said a press release.
Remittance inflow rises by 12pc in first four months of FY'19
The inflow of wage earners remittances crossed US$5.0 billion in the first four months of the current fiscal year (FY) due to depreciating mode of the local currency against the US dollar in the recent months. The inward remittances rose by 12.17 per cent to $5.11 billion during the July-October period of FY 2018-19 from $ 4.55 billion in the same period of the previous fiscal.
Shipping Corporation gets Tk 300cr tax breaks on vessel import
The National Board of Revenue yesterday handed out value-added tax exemptions of about Tk 300 crore to the state-run Bangladesh Shipping Corporation (BSC) for import of six vessels, which will be used to carry cargoes in international waters. The benefit comes with the view to strengthening the capacity of the shipping corporation and enabling the sector to grow as a whole, according to Tariq Hassan, second secretary for VAT policy at the NBR.
Govt decides to set up Trade and Tariff Commission
The government has decided to establish Bangladesh Trade and Tariff Commission, replacing the existing Bangladesh Tariff Commission, widening the scope of works of the body. A cabinet committee, headed by prime minister’s principal secretary Md Nojibur Rahman, has already approved the Bangladesh Tariff Commission (Amendment) Act-2018 in this connection, officials have said.
Cabinet approves ‘Export Policy 2018-21’
The cabinet on Wednesday approved the draft of the ‘Export Policy 2018-21’ with a view to infusing dynamism into export operations, enhance competitiveness in trade and commerce and thus strengthen the position of Bangladesh in the competitive world. The approval was given at the weekly meeting of the cabinet held at the Prime Minister’s Office on Tuesday with Prime Minister Sheikh Hasina in the chair, reports BSS.
BBN/SSR/AD