Dhaka, Bangladesh (BBN) - The BBN has prepared the morning business round up compiling reports, published by different newspapers and news portals in Bangladesh.
First-ever state-run power generation co to float shares
The government has decided that state-run Ashuganj Power Station Company will raise around Tk 1,000 crore from the capital market by offloading shares to invest in power generation projects. Once the decision is implemented, APSCL will be the first public sector power generation company to be listed with the country’s bourses.
Move to boost trade with Nepal
Bangladesh and Nepal have agreed to remove technical barriers in bilateral trade with a view to enhancing trading activities between the two South Asian nations. A memorandum of understanding (MoU) has been signed between the Trading Corporation of Bangladesh and the Public Trading Corporation of Nepal on the matter.
Infrastructure, revenue shortfalls, investment slowdown stymie growth
An influential trade body identified inadequate infrastructure, especially power and gas shortages, government revenue earning shortfall and 'weak' ADP execution as major impediments to the country's desired economic growth. The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) diagnosed the problems in its latest (Q3 of fiscal year 2015-16) economic review, released Wednesday, and offered a package of remedies.
Bangladesh to highlight progress in workplace safety
Bangladesh will underline the progresses made in workplace safety in the country’s garment sector since the Rana Plaza collapse in the first EU-Bangladesh joint business council scheduled to be held today. “We will highlight the improved safety measures as the customers in Europe want to know about the working conditions after the factory inspections by the Accord, Alliance and the government,” said Hedayetullah Al Mamoon, senior secretary to the commerce ministry.
Bangladesh’s stocks edge down with low turnover
Bangladesh’s stocks closed marginally lower on Wednesday, after remaining flat in the previous session, as investors were mostly cautious. Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, showed its negative trend at the closing.
88.29pc pass SSC exams in Bangladesh
A total of 88.29 per cent of students have passed in this year’s Secondary School Certificate (SSC) and its equivalent examinations in Bangladesh. This year, the pass rate has increased by 1.25 per cent than the previous year, according to the result which was published on Wednesday.
Tk 1.09t ADP awaits govt seal of approval today
The government is going to approve an upraised Tk 1.09 trillion Annual Development Programme (ADP) today for the coming financial year (FY) 2016-17. The development budget is 20 per cent up from the current fiscal's revised outlay. Officials said Wednesday the Planning Commission (PC) had already drafted the Tk 1.09 trillion ADP to be placed before the National Economic Council (NEC), headed by Prime Minister Sheikh Hasina, at its meeting in Dhaka today (Thursday).
Cox's Bazar: India's third internet gateway
Bangladesh simultaneously exports and imports internet bandwidth to and from India. Its geographic location and state of international connectivity have contributed to this interesting scenario. The first submarine cable named SEA-ME-WE4 landed at Cox’s Bazar in 2005, and dramatically improved the country’s overall international connectivity through the Bangladesh Submarine Cable Company (BSCCL).
BBN/SSR/AD