Bangladesh PM Sheikh Hasina

Bangladesh Prime Minister Sheikh Hasina. File photo

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.

Hasina may spring cabinet surprise
Prime Minister Sheikh Hasina, who led her party to a landslide victory in the national election, may come up with a surprise by inducting new faces into the cabinet, likely to be formed on Sunday. On the other hand, she may exclude some current cabinet members with “tainted images” for their “controversial roles” during the last five years in power, said party insiders.

Bangladesh’s remittance inflow up 15% in 2018
The flow of inward remittance jumped by nearly 15 per cent or $2.0 billion in calendar year 2018 following the depreciating mode of taka against the US dollar, officials said. Remittance inflows rose to $15.53 billion in 2018 from $13.54 billion a year ago despite a falling trend in outbound jobs of Bangladeshis, according to the according to the central bank’s latest statistics.

NBR to automate bonded warehouse mgmt system
National Board of Revenue will review the existing business process of bonded warehouse management system to make it conducive to an automated environment. The task will be completed under the Bond Management Automation Project taken to ensure transparency and prevent leakage of the duty-free benefit through automating the bonded warehouse system.

BGMEA to hold view-exchange meeting on Thursday
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) will hold a view-exchange meeting today to discuss the overall situation of the country’s apparel industry. In a letter sent to its members, BGMEA urged the manufacturers to join the view exchange meeting to share views about the present status of the apparel sector.

Bangladesh’s stocks extend gaining spell after polls
Bangladesh’s stocks extended the gaining streak for the nine consecutive sessions on Wednesday as investors reacted positively to the election results. Analysts said investors are optimistic about the market riding on political stability and more sound business activities in the coming years as the Bangladesh’s national elections held almost peacefully.

Farm loan keeps falling
Lending to the agriculture sector fell 9 percent year-on-year to Tk 7,475.60 crore between July and November of the current fiscal year, according to central bank data. Farm loan disbursement also dropped 16 percent from July to October.

Average inflation in 2018 declines to 5.55pc
The average inflation in the country was at 5.55 per cent in the last calendar year (2018), thanks to the stable commodity markets at home and abroad. Bangladesh Bureau of Statistics (BBS) data, revealed on Wednesday, showed that the 12-month average inflation rate was recorded at 0.15 percentage points lower to 5.55 per cent in 2018 from that of 5.70 per cent in 2017.

Four from BRB Cables become directors of state-owned Eastern Cables
Private sector cable manufacturer BRB Cables Ltd has secured directorship posts in the board of its competitor in the market, state-run Eastern Cables Limited, after a longstanding dispute over the issue. BRB Cables chairman Mujibur Rahman holding 13.59 lakh or 5.66 per cent shares, directors Shamsur Rahman 4.88 lakh or 2.04 per cent shares and Emadadul Haque 12.24 lakh or 5.10 per cent shares and executive director Mofizur Rahman 11.96 lakh or 4.96 per cent shares in ECL became directors of ECL recently.