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.
BB asks new banks to stop 'aggressive' lending
The central bank warned nine new private commercial banks (PCBs) against 'aggressive lending' for the sake of discipline in the country's banking sector. Officials said the PCBs in question at a meeting Monday were also asked to cut down volumes of their classified loans through expediting recovery drives across the country.
NBR names 141 top taxpayers
The government yesterday released a list of 141 tax-card recipients for fiscal 2015-16 for their exemplary compliance. The list has been expanded this year under the amended, comprehensive tax card policy after many taxpayers were left out of the recognition despite regularly furnishing the state coffers with sizeable sums.
India seeks open skies deal with Bangladesh
India on Monday expressed its intention to sign an open skies agreement with Bangladesh promising to liberalise rules and regulations of the international aviation industry and create a free-market environment for the airline industries of the neighbouring countries. Indian high commissioner Harsha Vardhan Shringla expressed his country’s interest to Bangladesh civil aviation and tourism minister Rashed Khan Menon in a meeting at the ministry.
BGMEA to file review petition against Appellate Division’s decision to demolish its complex
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) will file a review petition against the decision of the appellate division that asked to immediately demolish its 15-storey “BGMEA Complex” constructed illegally on the Begunbari canal and Hatirjheel lake in the city. “As we are law abiding citizens and respectful to any decision of the court, I think that the court will consider our appeal for the sake of the RMG sector that employed thousands of workers,” BGMEA President Md Siddiqur Rahman told the Dhaka Tribune over phone.
Bangladesh’s stocks finish flat
Bangladesh’s stocks finished almost flat in the red on Monday, snapping a four day gaining spell, as some risk-averse investors booked profit on sector specific stocks. The market started with a positive note and the key index of the premier bourse rose around 15 points within first 40 minutes of trading. But mid-session selling spree wiped out almost all the early gain, ultimately closed almost flat.
NBR misses Q1 revenue target by Tk 3,184cr
Revenue collection by the National Board of Revenue fell short of target by Tk 3,184 crore in the first quarter of the current fiscal year mainly due to a slower growth in the collection of income tax and customs duty in the period. According to the NBR statistics presented to the finance ministry, taxmen managed to collect Tk 35,441 crore in the July-September period of FY17 against the collection target of Tk 38,625 crore for the period.
Four right groups accuse Alliance of overplaying workers' safety
Four global right groups, in a report launched Monday, alleged that the Alliance for Bangladesh Worker Safety has overplayed progress with rosy status reports while workers' lives remain at risk. The report also revealed that more than half of 175 identified factories which were all first inspected over one and a half years ago, still do not have appropriate fire exits, lack an approved fire alarm system or have major structural problems.
US to quit TPP trade deal: Trump
President-elect Donald Trump says the US will quit the Trans-Pacific Partnership trade deal on his first day in the White House. He made the announcement in a video message outlining what he intends to do first when he takes office in January, reports BBC. The TPP trade deal was signed by 12 countries which together cover 40 per cent of the world’s economy.
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