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.
Falling oil prices prove to be a boon to BPC
The spread of the coronavirus in and outside of China and subsequent fall in oil prices in international market turned to be a ‘boon’ to Bangladesh Petroleum Corporation (BPC). The BPC, which was incurring loss before the spread of novel coronavirus, COVID-19, is now reaping profit riding on the slump in global oil prices, said a senior BPC official.
NOC issuance to GP to depend on AD order
Bangladesh Telecommunication Regulatory Commission chairman Jahurul Haque on Saturday said that the issuance of no objection of certificates to mobile operator Grameenphone would depend on the court order even if the operator paid Tk 1,000 crore in audit claims today.
‘Robi’s listing will be a gift for investors’
Robi plans to submit its application for listing in the country’s twin bourses to the Bangladesh Securities and Exchange Commission in the middle of next month, as the long-awaited debut of the second largest mobile phone operator is finally taking shape.
Coronavirus impact: Local hospitality business takes a hit
If the city is on fire, the temple in it cannot remain safe. So is the case with the hospitality business of Bangladesh, which has shown signs of slowdown as coronavirus spread in China casts a long shadow on the overall economy.
Fresh Ad published for BB deputy governors
The government has sought applications for hiring two deputy governors for the central bank in addition to the existing two, officials said. Interested candidates have been advised to submit their applications to the convener of the search committee by March 15.
‘Would-be’ banking commission needs to work independently
The local think-tank Centre for Policy Dialogue (CPD) welcomed on Saturday the move to form a banking commission to address the existing problems of the key financial sector. It believes that the financial domain is now “confined to some people and some institutions and weakening fast”.
Stocks surge for 2nd week on spl BB fund
Dhaka stocks continued to surge in the past week as investors kept buying shares amid enthusiasm over the recent Bangladesh Bank move to allow formation of a special fund. DSEX, the key index of the Dhaka Stock Exchange, soared by 3.69 per cent or 168.53 points, to close at 4,733.14 points on the last trading session in the past week on Thursday, after gaining 111.65 points in the week before.
Addl. $7.8b needed to halve road crash fatalities: WB
Bangladesh needs to invest an additional amount of $7.8 billion over the next decade to halve its road crash fatalities, according to a new World Bank (WB) report. The report titled “Delivering Road Safety in Bangladesh” was released on Thursday in conjunction with the Third Global Ministerial Conference on Road Safety in Stockholm, the WB said in a statement on Friday.