Mustafa Kamal

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.

53 temporary chemical warehouses to be built in Tongi
The Cabinet Committee on Economic Affairs (CCEA) in a meeting on Wednesday approved a project for construction of 53 temporary chemical warehouses in Tongi industrial area on an urgent basis for relocation of private chemical stores from old Dhaka. Finance Minister AHM Mustafa Kamal presided over the meeting.

Kamal steps in as mediator
The long drawn-out conflict between the country’s top two mobile operators — Grameenphone and Robi — and the telecom regulator over unpaid dues amounting to Tk 13,447 crore is finally heading towards an amicable conclusion after Finance Minister AHM Mustafa Kamal stepped in. “We will resolve this within the next two-three weeks,” Kamal told reporters in a press conference at his office.

VAT waiver sought for contractors, suppliers
The Padma Rail Link project authority has sought exemption from Value Added Tax (VAT) for its contractors, subcontractors, suppliers and agents due to insufficient fund for payment of taxes, officials said. They said the Revised Development Project Proposal (RDPP) doesn’t have enough fund to pay VAT on behalf of the contractors.

IMF projects GDP growth rate at 7.6% for FY ’20
The International Monetary Fund (IMF) projected that the economy of Bangladesh would grow 7.6 per cent by the end of fiscal year (FY) 2019-20. It also projected the GDP growth rate at 8.0 per cent for FY ’19 according to the IMF’s latest Staff Report on Article IV Consultation of Bangladesh released on Wednesday.

DSEX slumps below 4900-mark after 33 months
The key index of the country’s prime bourse slumped below 4,900-mark after more than 33 months, as jittery investors continued to dump their holdings to prevent further loss. DSEX, the prime index of the Dhaka Stock Exchange (DSE), eroded 40.96 points or 0.83 per cent to settle at more than 33-months low at 4,888. On December 12, 2016, the index was 4,869.

182 businesspeople get CIP status
The government on Wednesday handed over the commercially important person (CIP) cards to 182 businesspeople for their outstanding performance in the country’s export business in 2017. Commerce minister Tipu Munshi and parliamentary standing committee on the commerce ministry chairman Tofail Ahmed handed over the CIP cards among the selected CIPs at a programme held at Hotel InterContinental in Dhaka.

Monno under BSEC scanner
The Bangladesh Securities and Exchange Commission (BSEC) yesterday asked Dhaka Stock Exchange (DSE) to investigate alleged manipulation of stocks of Monno Jute Stafflers and Monno Ceramic Industries. The stock market regulator also directed the Dhaka bourse to send the probe report on the two low-cap companies’ stocks within the next 14 working days.

Biman may change business plans
The newly-appointed managing director (MD) and chief executive officer (CEO) of the Biman Bangladesh Airlines Mokabbir Hossain said previous business plans of the entity may be changed, if necessary, to make it viable. He made the remark while answering questions in his first press conference at Biman’s Balaka office in the city on Wednesday after taking charge of the national flag carrier on Sunday (September 15).