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.

BPC secures lower prices for oil imports
The cost of importing oil under government-to-government arrangement will be lower than under open tendering. The premium, which is the cost of shipping petroleum products and includes freight charges and insurance, will be $2.3 per barrel for gas oil and $3 for jet fuel for imports made between July this year and March next year. In contrast, under the open tender that took place in April for the first time since 2005, the premium stood at $2.37-$2.57 per barrel for gas oil and $3.06-$3.54 for jet fuel.

Taxing OMS obstructs food rationing to the poor
Food ministry finds taxing dealers’ commission as an obstacle to smooth open market sale (OMS) operation meant for distribution of some essentials at subsidised prices among the poor. The ministry has written to the National Board of Revenue (NBR) for scrapping the Value Added Tax (VAT) on the commission of the dealers who are rationing essential supplies meant for ensuring “food safety to the poor and underprivileged people”.

SWIFT warns member BD banks against frauds
SWIFT has asked its member scheduled banks of the country not to connect their servers, which are linked to the SWIFT networking system, with the internet under any circumstances in order to avoid fraudulence. The local banks received the letter on August 31. The Society for Worldwide Interbank Financial Telecommunication has also sent the letter to all its member banks and financial institution across the globe.

Once disqualified, now contestants for BB DG posts
The candidates, who were earlier disqualified at the final stage of selection for the vacant position of Deputy Governor (DG) of Bangladesh Bank on corruption allegations, have now mysteriously become eligible to face a viva voce in the second round of the appointment process. The search committee formed for DG appointment has selected 17 candidates, out of 34 applicants, for an interview to be held tomorrow.

Bangladesh’s stocks end lower for 2nd week
Bangladesh’s stocks closed marginally lower for the two consecutive weeks that ended on Thursday as investors booked quick-profit ahead of Eid festival. The week witnessed five trading sessions as usual. The first three sessions closed lower, while last two closed positive. The benchmark index of the Dhaka Stock Exchange (DSE) went down by 5.23 points or 0.11 percent to finish the week at 4,549.04 points over the previous week. The two other indices also ended in the red.

$60b export target achievable
Exporters are positive they would be able to achieve the goal to export goods worth $60 billion by 2021, if the government gives them proper policy and financial support. Of Bangladesh’s $60 billion export target for its 50th independence anniversary, $50 billion will be from apparel items. However, exporters said they have to face several challenges every day.

Jamaat calls strike in Bangladesh for Monday
Bangladesh Jamaat-e-Islami has called an eight-hour countrywide strike for Monday protesting the execution of its leader Mir Quasem Ali. The announcement was made in a statement issued by the party’s acting secretary general Dr Shafiqur Rahman on Saturday night. The shutdown will begin at 6:00 am and end at 2:00 pm (local time), it added. The party will also hold Gayebana Janaza (namaz-e-janaza in absentia) for Mir Quasem Ali and doa mahfil (offer prayers for the departed soul) seeking salvation of his departed soul across the country on Sunday

Rice at Tk10 a kg for 5m families
The government is going to distribute rice and lentil from mid-September among 5 million ultra poor rural families at a price lower than the open market sales to clear its stocks, official sources have said For the first time, Food Ministry will distribute lentil to low income families to meet their nutrition deficiency, providing lentil alongside rice to meet this goal, according to the minutes of the Food Planning and Monitoring Committee.

Bangladesh executes war criminal Jamaat leader Mir Quasem
Mir Quasem Ali, believed to be the key financier of Jamaat-e-Islami, has been hanged for crimes committed against humanity during Bangladesh’s Liberation War in 1971. After over four years of trial, the 63-year-old Bangladesh Jamaat-e-Islami central leader was executed at Kashimpur Central Jail under Gazipur district at 10:30 pm (local time). “Mir Quasem was hanged at 10:30 pm for his crimes against humanity,” Kasimpur Jail Super Prashanta Kumar Banik told reporters at the jail gate around 10:44 pm.

BBN/SSR/AD