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.
BGMEA survey claims only 35pc of industry capacity booked for H2
The Bangladesh Garment Manufacturers and Exporters Association has claimed that the readymade garment factories had so far received orders amounting to only 35 per cent of their capacity for the July-December period. A survey report of the association also claimed that the order prices of the readymade garment products, received so far for the second half of 2020, were 14 per cent lower than the usual prices.
Pandemic? What pandemic? No tension for govt employees
When worker layoffs and salary cuts have, of late, become a usual sight in the private sector amid the pandemic, government service-holders seem to be painting the town red with increasing benefits as well as regular payments. They have been staying beyond the heat as usual even though the Covid-19 crisis has caused a significant decline in the government’s revenue earnings.
Defer graduation from LDC club to tap trade benefits
Bangladesh should defer the LDC graduation process considering the adverse impact of COVID-19 pandemic that has already turned the economy upside down, economists and businesses leaders said on Saturday. They said the policymakers should instead engage in the ongoing lobbying for further extension of the existing trade benefits that Bangladesh now enjoys as a least-developed country.
Experts: Banks should change operation mode
Experts at a discussion on Saturday urged banks to change their mode of operation from the traditional system to a centralized system to fulfil customers’ banking needs during the new normal and after the pandemic. They made the call at the BMCCI Web Talk Series, Session 8, titled Pandemic and Banking in Bangladesh, powered by ROBI, said a press release.
Vendor has been paid in full, but NBR is still without a successful online tax return filing system
Everything was going well for the online tax return filing project until the end of 2019. The first online tax return filing scheme — Bangladesh Integrated Tax Administration System (BITAX) — completed on June 2018 and the National Board of Revenue’s agreement with the vendor expired on 29 November 2019.
Weekly Review: Bangladesh’s stocks see modest gain
Bangladesh’s stocks posted a modest gain in the outgoing week, extending the winning streak for five consecutive weeks, as optimistic investors continued buying shares on the expectation of improving economic activities. Week-on-week, DSEX, the key index of the Dhaka Stock Exchange, went up by 11.83 points or 0.29 per cent to settle the week at 4,080. The DSE core index added a cumulative around 120 points or 3.0 per cent in the past five consecutive weeks.
BB to weigh up pros and cons before final decision
The Bangladesh Bank board has refrained from making any final decision on the government’s proposal to get loans from the BB’s foreign currency reserve for development projects. Before making any decision, the central bank would weigh up all the pros and cons of using the reserve for development projects, a senior official of the central bank told New Age on Friday.
Govt to monitor rawhide prices this Eid
The government has adopted a comprehensive monitoring plan to oversee the prices of sacrificial animal rawhide and its collection during this Eid-ul-Azha, according to the commerce ministry. It will also monitor the preservation process and store related issues of rawhide and skin of such sacrificial animals under the plan.