Bangladesh Bank Headquarters

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.

FID directs BB to punish errant leasing cos
Financial Institution Division has asked Bangladesh Bank to take actions against the errant non-bank financial institutions in the backdrop of growing allegations against them. Officials told New Age on Thursday that allegations including ‘failing’ to repay principal and interest to the client against their deposits and ‘harassing’ the clients while returning the deposit to the savers with profit.

BSRM to set up wire plant for Tk 459cr
BSRM Group is set to establish a wire manufacturing plant at Mirsarai in Chattogram at a cost of Tk 459 crore as the country’s leading steel manufacturer looks to capitalise on the impending construction boom in Bangladesh.

Big pharma cos rely on foreign professionals
Despite having the lion’s share of the domestic market, local pharmaceutical industry lags behind reproducing products, a leading industrialist has warned. “While India is quite ahead in terms of reverse engineering, we have not been able to do anything on that front,” said Salman F Rahman, vice chairman of the Beximco Group on Saturday.

H&M expresses concern for Bangladesh RMG workers
In light of the recent sacking of scores of garment workers in the country, global fashion brand H&M expressed “concern about the recent developments in Bangladesh”, according to a press release issued on Thursday.

Bangladesh’s stocks fall for second straight week
Bangladesh’s stocks extended their losing streak for the second straight week that ended on Thursday as investors sold financial shares, market operators said. Most of the investors adopted a ‘cautious’ stance after the monetary policy statement (MPS) while some started to rebalance their portfolio after analysing the companies’ quarterly performance, they added.

‘Market to improve this year on stable economic growth’
The respondents of a survey have expressed mixed views on the capital market performance in 2018. A significant number of respondents feel that the securities regulator has capacity constraint as a regulator.

Textile sector needs Tk 10,000cr investment
Bangladesh needs Tk 10,000 crore additional investments in the primary textile sector to reduce its import dependence for fabrics for the export-oriented garment sector.

DITF ends with Tk 200 crore export orders
The 24th Dhaka International Trade Fair-2019 ended on Saturday with businesses receiving export orders worth around Tk 200 crore. The businesspeople bagged higher export orders this year as last year the figure was around Tk 160 crore, commerce minister Tipu Munshi said at the concluding ceremony of the country’s biggest international trade fair at Sher-e-Bangla Nagar in Dhaka.