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.
Foreigners siphon off $3.1bn a year
An estimated $3.1 billion, or about Tk 26,400 crore, is siphoned away every year by foreign nationals employed in the country, found a study by the Transparency International Bangladesh. About 1.6 lakh foreign nationals became gainfully employed in Bangladesh after entering the country on a tourist visa, said the report “Employment of Foreigners in Bangladesh: Challenge of Good Governance and Way to Overcome”.
Kolkata-Ctg trial run unlikely soon
Trial runs of vessels between Kolkata and Chattogram ports, meant to tranship cargoes to Indian seven-sister states, are unlikely to be launched soon, officials have said. India has yet to seek permission for this, they added. “We have not received any request from India until now to launch the run,” shipping secretary Abdus Samad has told the FE.
BSTI fees to be hiked up to 200pc
The government is going to increase the product certification mark (CM) fees of Bangladesh Standard and Testing Institution by up to 200 per cent for large companies to meet the rising operation cost of the testing body. The latest BSTI Council meeting has approved the proposal put forward by an industries ministry committee on revision of the mandatory CM fees and decided that the BSTI would take necessary steps to publish gazette notification on rescheduled fees.
BB issues policy on share money deposit to encourage FDI
The central bank of Bangladesh has announced a policy on share money deposit to facilitate foreign direct investment (FDI) through protecting the interest of foreign investors. Under the policy, the company will have to complete the formalities of issuance of shares within 360 days of receiving money for this purpose.
Bangladesh’s stocks stay bearish amid low turnover
Bangladesh’s stocks loss for the two consecutive sessions on Wednesday as cautious investors continued their profit booking sell-offs on sector-wise issues. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 13.50 points or 0.30 percent to settle at 4,465.
Shwapno under spotlight: BSEC serves show cause notices to all DSE directors, MD
Stocks market regulator, Bangladesh Securities and Exchange Commission (BSEC), has served show cause notices to all the directors of Dhaka Stock exchange (DSE) and its managing director for a trifling matter. The commission also served the notice to its Chief Regulatory Officer (CRO), a top Commission official said.
Samsung Galaxy Note10+ now made in Bangladesh
South Korean tech giant Samsung recently made Bangladesh swell with pride after it started manufacturing its flagship smart device Galaxy Note10+ in its local plant, in a testament of the massive technological advancement of the country’s mobile device assembling industry. The Note10+ has been designed like a computer, a gaming console and a movie-tech camera, and comes with an intelligent pen.
JS passes bill on use of state bodies’ idle money
The Jatiya Sangsad (JS) passed on Wednesday a bill allowing the autonomous organisations and agencies to deposit their surplus fund with the public exchequer. Finance Minister AHM Mostafa Kamal steered the bill titled ‘Deposition of the Surplus Money of Self-Governed Agencies including Autonomous, Semi-Autonomous, Statutory Government Authorities and Public Non-Financial Corporations into the Government Exchequer Bill, 2020,’ in a bid to use the surplus money for funding public projects.