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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.

Fuel oil import on emergency basis in offing
Import of 30,000 tonnes of octane on emergency basis is under process by the Bangladesh Petroleum Corporation to meet the demand for the fuel pushed up by the ever growing number of cars and bikes on the roads of Bangladesh. BPC officials told New Age Saturday that the demand for the automobile fuel sharply increased in last six months.

Online foreign card transactions face roadblock
International credit cardholders will face trouble in settling online transactions abroad as they will have to take prior approval from banks for every cross-boundary payment. The central bank asked commercial banks on November 14 to take online transaction authorisation form (OTAF) from clients for every foreign payment in order to tackle illegitimate online transaction.

BDT deprecates five poisha more against US$
The exchange rate of Bangladesh Taka weakened further against the dollar on Thursday, despite the central bank’s foreign currency support. The local currency depreciated by five poisha in the inter-bank foreign exchange market on the day, mainly due to higher demand for the greenback, according to market operators.

Maiden auto policy in final stage
The government is set to issue the country’s first automobile policy that has focused on an import substitution strategy. Developing countries adhere to import substitution with an eye to decreasing reliance on import from developed countries.

Weekly Review: Bangladesh’s stocks return to the red

Bangladesh’s stocks backed to the red again in the outgoing week that ended on Thursday as risk-averse investors dumped their holdings amid ‘poor’ earnings disclosure. Week on week, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 61.55 points or 1.29 per cent to finish at 4,710, after adding 89 points in the week before.

Regulatory steps for employment generation need to be simplified
Stating that the country’s overall regulatory steps for employment creation are unfavorable for job or self-employment seekers, a top official of the government said yesterday, stressing on the need for their simplification. “I have seen that the credit policy of Karmasangsthan Bank is highly complicated. The same is the case with other government institutions. They need to be simplified to serve the purpose, which is employment creation,” senior secretary to Financial Institution Division Md Ashadul Islam said.

Listed textile, RMG companies in a tight spot

Stock market data depicts a sorry picture of the textile and garment companies, depriving thousands of investors of expected dividends from the sector that accounted for 84 percent of Bangladesh’s exports last fiscal year. Analysing the data of 36 listed companies for 2011-2018 period, The Daily Star found that their net profits nosedived to Tk 341 crore in 2018 from over Tk 1,252 crore eight years ago.

NBR collects Tk 1,064cr at tax fair in three days
Taxpayers on Saturday continued to throng the venues of the weeklong income tax fair taking advantage of the weekend that helped the National Board of Revenue to net a record Tk 1,064 crore in income taxes in the first three days of the fair.