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.

BCIC atrophies with most units shrinking
Bangladesh Chemical Industries Corporation (BCIC) is sinking into atrophy with most of its production units shrinking. The country begins to count the cost, for gradually getting import-dependent for some of the chemical products, particularly fertilisers, sources said.

Bangladesh’s banks asked to provide info on good borrowers by 48 hrs
The central bank of Bangladesh has asked all commercial banks to provide information on good borrowers from 2015 to November 2016 by 48 hours, officials said. The Bangladesh Bank (BB) has the information (in prescribed form) to know about the number of good borrowers, amount of rebate on interest and other relevant matters from the banks, they added. The banks have also been advised to ensure providing such rebate to the good borrowers within this calendar year for 2015 and 2016.

Tk 976cr plan to liven up tea industry
The government has prepared a roadmap for the tea sector involving Tk 976 crore aiming to boost production, create 30,000 additional permanent jobs and improve the standards of living of workers. The draft plan, which has been prepared by the commerce ministry, will soon be presented to the high authorities of the government for approval.

1,600 workers sacked, 1,500 sued
Apparel units at Ashulia, which were closed in the face of labour unrests over pay hike in the past week, were reopened Monday amidst tight security, tension and fear among workers as at least 1,600 of them were sacked and over 1,500 were prosecuted in the past five days. Productions at all the 85 factories, which remained closed since December 21, resumed in the morning and continued without any interruptions, but workers’ attendances were low, factory officials said.

DSEX hits nearly 26 months’ high
Bangladesh’s stocks ended higher on Monday, with key of the premier bourse hitting nearly 26 months’ high, as investors continued on buying spree. The market opened with an optimistic note in the morning with the key index of the major bourse gaining more than 15 points to stand at 4,972 points within first 15 minutes of trading.

BB seeks RBI chief’s coop to exchange banned notes worth Rs 50cr
Bangladesh Bank governor Fazle Kabir has requested Indian central bank governor Urjit Patel to exchange the banned rupee notes worth around Rs 50 crore BB is holding with new rupee notes or US dollar notes. The BB governor issued a letter to the governor of Reserve Bank of India last week, requesting the latter to take measures in this regard. Kabir in its letter said that Bangladesh Bank had in possession of around Rs 500 million and Sonali Bank around Rs 5.34 lakh in demonetised notes of Rs 500 and Rs 1,000.

Get tough on e-TIN forgery, lawyers urge NBR
Tax lawyers yesterday urged the revenue authority to take legal action against the forgery of electronic taxpayer identification numbers or else it will become endemic. “There is a provision for imprisonment in connection with e-TIN counterfeiting. But in real life, there is no enforcement,” MA Gafur Majumder, secretary general of Bangladesh
Tax Lawyers’ Association, said at a dialogue on revenue.

0.1m hectares of farm lands convert into non-agricultural lands annually
Around 0.1 million hectares of agricultural lands are converted into non-agricultural lands annually, posing threat to the country’s food security. If the present trend in shrinking of agricultural land goes on, the country will have no agricultural land within 70 to 75 years, said a study conducted by the Institution of Diploma Engineers, Bangladesh (IDEB).
BBN/SSR/AD