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.
Govt to further slash duty on rice import
In a desperate bid to stabilise rice price, the government has decided to further reduce the duty on import of the staple and strike a deal with Thailand to buy rice. Meanwhile, private importers, anticipating the duty slash, are delaying in having the already imported rice released at the country’s two main land ports — Hili in Dinajpur and Benapole in Jessore.
Apparel industry goes slow on high-end products
Capacity building for production of high-end apparels in Bangladesh goes slow despite huge potential as most of the apparel exporters a found complacent about the existing orders for low cost products. Experts and exporters said that a few garment producers were going for high-end products while the majority of the producers biased towards the basic items because of large volume of orders.
Bangladesh export earnings jump by 27 % in July
Bangladesh’s export earnings jumped by nearly 27 per cent in July due to higher shipments of apparel products, according to the official statistics, released on Wednesday. The overall export earnings rose to $3.21 billion in July, the first month of the ongoing fiscal year (FY) 2017-18 from $2.53 billion in the same month of last fiscal year, the state-run Export Promotion Bureau (EPB)’s latest data showed.
‘Limited knowledge of cybersecurity the reason behind BB heist’
The Bangladesh Bank cyberheist was the result of limited knowledge about the importance of cybersecurity in today’s world, said former Bangladesh Bank governor Atiur Rahman. “This incident could have been avoided if we had the proper idea about cybersecurity,” he said in an exclusive interview.
Bangladesh’s stocks extend losing spell for second day
Bangladesh’s stocks extended their losing streak for the second running day on Wednesday as risk-averse investors continued on profit booking mood. Following the previous day’s mild correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened positive amid rising trading activities.
Inflation inches down to 5.57pc
Inflation declined for the first time in eight months in July thanks to a fall in prices of both food and non-food items. Last month, the consumer price index fell 0.37 percentage points to 5.57 percent from a month earlier, according to figures released yesterday by the Bangladesh Bureau of Statistics.
Microcredit Regulatory Authority to set up credit information bureau
Microcredit Regulatory Authority has taken initiative to set up a credit information bureau with a view to strengthening the credit operations run by the microfinance institutions and non-government organisations. The MRA signed a memorandum of understanding with Bangladesh Bank on August 8 for setting up a microfinance credit information bureau (MF-CIB) at the central bank headquarters in the capital.
Trade necessities: Border bazars of India-Bangladesh
Memorandum of Understanding for border trade and border haats. It stated that traders in select communities in Bangladesh and India can trade without paying any duties. When the topic of the Bangladesh-India border comes up, the first thing that comes to our mind is the stream of border killings, followed by cattle smuggling, drug smuggling, and so on. It is natural to forget the bilateral treaties between our two countries which have led to an innovative endeavour that brings our people closer together – border haats.