Dhaka, Bangladesh (BBN) – The BBN has prepared the morning business round up compiling reports, published by different newspapers and news portals in Bangladesh.
LDCs exempted from paying patent drugs royalty till 2032
Bangladesh and other least developed countries would not need to pay royalty for producing patent drug till 2032, said officials. The trading nations under the World Trade Organisation decided to extend the transition period of pharmaceuticals products for the LDCs. The right to produce patent drug free by the LDCs was scheduled to expire by the end of this year.
Financing is the main challenge in achieving SDGs
Financing will be a major challenge for Bangladesh to attain the Sustainable Development Goals, the new development targets set by the United Nations, the Centre for Policy Dialogue said yesterday. To achieve the 17 SDGs by 2030, it is necessary to double domestic resources, as Bangladesh’s tax-gross domestic product ratio is lower than Nepal’s at present, said CPD Distinguished Fellow Debapriya Bhattacharya.
BD retains 5.1pc share of global clothing export
Despite slowdown in growth, Bangladesh retained the five per cent share of the global clothing export in 2014. The country also continued to remain the third largest clothing exporter after China and European Union (EU). The International Trade Statistics 2015, released by the World Trade Organisation (WTO) last week, revealed these.
WB to provide $100m to improve technical, vocational skills
The World Bank approved additional $100 million financing to scale up its support to strengthen technical and vocational education in Bangladesh. This financing will enable 200,000 poor students to complete vocational training and diploma courses, said a WB press release Saturday.
Bangladesh updating payment system to boost financial inclusion
Bangladesh Bank (BB) Governor Dr Atiur Rahman has said the central bank of Bangladesh is working to create a fully automated and affordable payment system to boost the pace of financial inclusion activities across the country. “Bangladesh, the land of ample opportunities and hope, is on board to create a fully automated, easy to access, affordable payment systems for increasing the pace of financial inclusion activities,” BB Governor Dr Rahman said while addressing a seminar on Real Time Gross Settlement (RTGS) system Saturday.
Bangladesh’s stock extend losing spell for 4th week
Bangladesh’s stocks extended their losing spell for the four straight weeks that ended on Thursday as investors were concern over macro- economic outlook. The prime index of the Dhaka Stock Exchange (DSE), dipped below the 4,600-mark to settle the week at four months low to 4,564.49, after losing 83.19 points or 1.79 percent.
Bangladesh’s money market falls, FX ups continuously
Falling trend in the money market continued until Thursday while the local currency depreciated further against the US dollar, treasury officials said. The call rate ranged between 3.0 per cent and 5.25 per cent on the day against 3.0 per cent and 5.50 per cent of the previous level. But most of the deals were made at rates between 4.75 per cent and 5.00 per cent, according to the market operators.
Bangladesh develops coordinated supervision framework
Bangladesh has developed a coordinated supervision framework for the first time for an allied body of key regulators to work for ensuring stability in the entire spectrum of financial sector, officials said. Concept paper titled Coordinated Supervision Framework for Bangladesh Financial System released through a coordination council meeting held at the central bank headquarters in Dhaka on Thursday with Bangladesh Bank (BB) Governor Dr. Atiur Rahman in the chair.