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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.
Ctg, Benapole ports to stay open 24/7
The government yesterday decided to keep Benapole and Chittagong ports operational 24 hours a day, seven days a week from next month with an aim to ease export and import activities. Prime Minister Sheikh Hasina is expected to open the extended service at the country's largest land and sea ports on August 1, says a press release from the shipping ministry.
Petrobangla, Chevron sit to fix row
Petrobangla on Wednesday held the first meeting with Chevron to resolve a dispute over selling out the US oil company’s stakes in Bangladesh to a Chinese consortium without approval from the government. ‘This is just the beginning of our talks and we will continue our correspondences,’ Petrobangla chairman Abul Mansur Md Faizullah said after the meeting without giving any further details.
Seven local firms get approval for overseas investment
Bangladesh Bank has approved the proposals of seven local firms to bring their capital aboard for investment. Central bank’s Executive Director ANM Abul Kashem made the disclosure while speaking at a workshop in Dhaka Tuesday. However, economists consider overseas investment by local firms “uncomfortable” when the country needs more local and foreign investment.
Bangladesh must manage Dhaka’s urban growth
With 36 per cent of the country’s urban population living in Greater Dhaka, the capital of Bangladesh has become one of the world’s most densely populated cities. To achieve its vision of becoming an upper-middle income country by its 50th birthday, Bangladesh must manage Dhaka’s urban growth.
Bangladesh’s stocks extend losing spell for third day
Bangladesh’s stocks extended the losing spell for the three consecutive sessions on Wednesday, with key index of the prime bourse dipping below 5,800-mark, as investors were on selling mood. Brokers said the market observed another downward session as most of the investors continued to prefer booking profits on stocks that saw substantial gains in the past few sessions.
Telcos to spend Tk 22,600cr on 4G services
Private mobile operators are seeing no way of getting back within the first three years a “substantial” return of the over Tk 22,600 crore they will need to invest to roll out 4G services in Bangladesh. And their estimate has not even taken into account the spectrum charge. They say high spectrum charges and tax and low 4G device penetration and data price rates are to blame.
Bangladesh Bank eyes reducing remittance fees
Bangladesh Bank (BB) is likely to determine a low transfer fee for remittance on July 24 with a view to encouraging non-resident Bangladeshis (NRBs) to send more remittances through banking channel. The central bank high-ups organised a meeting with senior officials of top 20 remittance recipient banks to talk over the issue at its head office on Wednesday.
Hike in limit of income tax payment thru treasury challan on cards
A finance ministry committee has recommended the government to raise the ceiling of income tax payment through treasury challan to Tk 50,000 from the current Tk 10,000 to facilitate quick deposit of tax money to the public exchequer, officials said. They said that the committee took the decision to increase the instant supply of tax money to the government as tax payment through pay order, bank cheque and other means causes delay.
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