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.
Next ADP size to reach Tk 1.73t
The government is set to approve Tk 1.73 trillion Annual Development Programme (ADP) for the next fiscal Thursday, with the transport sector receiving the highest funds, officials said Monday. They said the ADP outlay for the next financial year 2018-19 is 9.77 per cent or Tk 154.06 billion higher than that of the revised allocation for the current fiscal year of FY2018.
Transport, power to take centre stage in budget
The planning ministry is likely to propose a Tk 1.81 lakh crore development budget for next fiscal year, giving emphasis on accelerating the construction works of some flagship infrastructure projects like the Padma bridge, Rooppur power plant and Dhaka metro rail. The amount is 14.56 percent higher than current year's Tk 1.58 lakh crore.
Five SoCBs asked to submit plans for improving health
The central bank of Bangladesh has asked the five state-owned commercial banks (SoCBs) to submit their action plans to improve financial health through reducing the amount of classified loans. The instruction was given at a meeting held at the central bank headquarters in the capital on Monday to review the memorandums of understanding (MoUs) of the five SoCBs — Sonali Bank, Janata Bank, Agrani Bank, Rupali Bank and BASIC Bank.
BEZA seeks 15-yr tax holiday for pvt power plants inside economic zones
Bangladesh Economic Zone Authority has sought a 15-year tax holiday for private power plants to be set up in the planned economic zones. The BEZA in a letter to the National Board of Revenue said that the tax benefits for power plants to be established inside the economic zones should be similar to those power plants outside the zones enjoy.
Bangladesh’s stocks end lower for fourth day
Bangladesh’s stocks witnessed yet another downward trend on Monday, extending the losing spell for the four consecutive sessions, as investors went on late hours selling spree, particularly bank and telecom stocks. Analysts said the market extended the losses as investors continued to sell banking shares while some were busy rebalancing their portfolios based on the quarterly earnings and year-end dividend declarations.
Entrepreneurs call for SME friendly budget in FY2018-19
Small and medium entrepreneurs have put forward proposals for an SME-friendly budget for the next fiscal year.The proposals were made during a meeting held on “SME Friendly Budget Proposal” for the fiscal year 2018-2019 at the Small and Medium Enterprise (SME) Foundation office on Monday.
Businesses want green policy for sustainable GDP growth
Businesses at a seminar on Monday called upon the government to formulate specific policy and programme on green growth for ensuring sustainable growth of gross domestic product. They said green growth is a must for the country as the green initiatives ensure better use of natural resources, strengthen the confidence of investors, create market and reduce fiscal burden.
Over 1000 firms operate sans REHAB membership
More than 1000 housing companies are operating in the country defying a government's directive, which has made REHAB membership mandatory for running business, industry insiders said. The ministry of commerce on May 21 last year issued an order, asking all real estate companies to take the membership of the Real Estate and Housing Association of Bangladesh (REHAB), ministry officials said.
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