Dhaka, Bangladesh (BBN) – The BBN has prepared the morning business round up compiling reports, published by different newspapers and news portals in Bangladesh.
Slow progress earns WB dissatisfaction
Dissatisfied with slower pace of project implementation and delay in aid finalisation, the World Bank is going to make reappraisal of its 15 development projects involving $3.16 billion in Bangladesh to ascertain the reasons. Ministry of Finance (MoF) officials said Saturday that the WB executives would sit with government agencies on January 29 for a review of nine ongoing projects and six others in the pipeline. The Bank has identified poor progress in their implementation and aid finalisation.
Padma bridge creates scope for Tk 2,000cr business
The Padma bridge project will give a boost to local steel, cement, stone and sand industries as the biggest-ever infrastructure project of the country will source many of the construction materials locally. Bangladeshi companies will get business worth Tk 2,000 crore to Tk 3,000 crore from the Tk 23,000-crore project, said Shamim Z Bosunia, president of the Institution of Engineers, Bangladesh (IEB).
Major economic indicators of Bangladesh Jan 22
Bangladesh Business News (BBN), the country’s first data provider, publishes economic as well as market data on daily, weekly, monthly, quarterly and annual basis.The data are collected from both government and private organisations including the Bangladesh Bank, Dhaka Stock Exchange and Bangladesh Foreign Exchange Dealers’ Association (BEFDA).
ILO experts for introducing injury insurance
Introduction of an employment injury insurance programme in the readymade garment sector could establish a formal mechanism to give compensation to workers in the event of workplace accidents, experts of the International Labour Organisation said on Saturday. ILO experts gave the opinion at a stakeholders’ workshop on its initiative to introduce the programme in the RMG sector in Bangladesh at Spectra Convention Centre in the capital.
36-hrs strike in Bangladesh from Sunday
The BNP-led 20-party alliances have called a 36-hours strike in Bangladesh from Sunday protesting the price hike of electricity and arrest of their party leaders and activists. Ruhul Kabir Rizvi, joint general secretary of BNP, made the announcement through a press release Saturday. Bangladesh has been experiencing a non-stop blockade coupled with frequent strikes since January 5 demanding a fresh election.
Garment buyers threaten to shift orders
A group of US-based garment retailers has threatened to shift work orders from Bangladesh to other destinations if political deadlock does not end soon, BGMEA President Atiqul Islam said yesterday. “The retailers said they are thinking of an alternative to Bangladesh as the ongoing blockade is hampering timely shipment of garments,” Islam said, quoting an email he received from some retailers yesterday.
Restive politics forces units to throttle back production
Major industrial sectors are curtailing production due to stockpiling of goods, supply crunch of raw materials and disruption in distribution, compelled by the effect of blockade, trade groups said. They said that capital and labour-intensive units are badly affected by the violent programme.
Falling interest rate on deposits push up spread in Bangladesh
Falling trend of the interest rate on deposits pushed up the country’s banking sector interest rate spread in November while lending rates remained unchanged, bankers said. They also attributed that the interested rate on deposits may fall further in the coming months if the ongoing political uncertainty continues.
BBN/SSR/AD-25Jan15-10:40 am (BST)