Dhaka, Bangladesh (BBN) – The BBN has prepared the morning business round up compiling reports, published by different newspapers and news portals in Bangladesh.
Inflow of remittances fall in Bangladesh
The flow of inward remittances dropped significantly in April mainly due to slower development activities in the Middle East countries, officials said. The remittances from Bangladeshi nationals working abroad were estimated at $1.20 billion in April 2016, down by $88.19 million from the level of the previous month. In March last, the remittances stood at $1.28 billion, according to the central bank statistics, released on Wednesday.
Capital’s traffic in mess
The capital’s traffic police seldom enforce the law against errant drivers of buses and minibuses. The impunity enjoyed by the owners and the drivers emboldened them to flout the traffic rules in the presence of the cops.
Pipe leakage cuts gas, power production
A pipeline leakage has substantially cut down country’s production of both gas and power for several days, at a time when many industries and households are starved of the twin energy. However, officials ruled out any link of the Bibiyana pipeline leak to a reported ULFA threat to blow it up.
Farmers in trouble
Flash floods triggered by heavy rain and hailstorms have damaged Boro paddy massively in the haor areas of Sunamganj and Sylhet. Paddy on 50,000 hectares of land was destroyed in 90 villages in Dirai, Tahirpur and Dharampasa upazilas of Sunamganj and 15 villages in Bianibazar, Balaganj and Osmaninagor upazilas of Sylhet, according to a primary estimation of the agricultural extension department of Sylhet.
India bags $1.3 bn project in Bangladesh
Indian Anil Ambani-led Reliance Power has bagged a 750 MW natural gas-based project in Bangladesh, with a potential investment of around $1.3 billion, touted as the largest for the South Asian country, reports the IANS. “Under the approval, the first phase of 750 MW plant will be set up at Meghnaghat in Narayanganj district, some 40 km south-east of Dhaka, with a floating storage and regasification terminal at Maheshkhali Island in the Cox’s Bazar district of Bangladesh,” a Reliance Power statement said.
Muhith wants ADB to prepare high-growth plan for Bangladesh
Finance Minister AMA Muhith yesterday expressed his hope that the Asian Development Bank will emphasise high growth and inclusiveness in its country partnership strategy for Bangladesh. Muhith also called upon the lender to carry out structural changes in its project financing, saying it takes too much time. He spoke at the first business session at the annual meeting of ADB’s board of governors in Frankfurt.
Bangladesh’s stocks slip into red
Bangladesh’s stocks returned to the red on Wednesday, after witnessing a biggest single-day gain in the previous session, as risk-averse investors booked quick profits. Both the Dhaka Stock Exchange, the prime bourse of Bangladesh and Chittagong Stock Exchange, the port city bourse of the country opened with a positive mood and slipped at the end of the session.
No spectrum auction this fiscal too BTRC tells NBR
The much-awaited auction of the remaining 2G and 3G spectrum will not be held in the current fiscal year as the government is yet to finalise the auction guidelines. The Bangladesh Telecommunication Regulatory Commission in a meeting with the National Board of Revenue on Tuesday confirmed that the auction earnings could not be included in the current fiscal year’s non-tax revenue collection, BTRC officials said.