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.
Govt making 'prospective tax measure' for investors
Government authorities are making 'prospective tax measure' providing for consistent tax rates for several years so that investors can make longer-term business plans. Officials said this provision of foreknown stable tax rates is likely to be incorporated into the new income-tax law. The revenue authority is contemplating devising some of the stable tax measures in the new law for a relatively longer period.
BB sets mobile banking account balance limit at Tk 3 lakh
Bangladesh Bank has set the highest balance limit for mobile banking service account of a client at Tk 3 lakh to check abuse of the service. Setting the highest balance limit, the BB in a circular issued on Sunday said that if any client had the balance over Tk 3 lakh, he or she would have to cut the balance to Tk 3 lakh by December 31, 2017.
Tag private sector with SDG implementation: analysts
Participation of the private sector is a must for the implementation of the Sustainable Development Goals (SDGs), analysts said yesterday. They spoke at a discussion titled “Partnering for reduced inequalities: How business can contribute to the UN SDGs”, jointly organised by Grameenphone and Telenor Group at the former's office in the city.
Bangladesh’s forex reserve falls to $32.32bn after ACU payment
Bangladesh has made a routine payment of more than US$1.13 billion to the Asian Clearing Union (ACU) against imports during the September-October period of the current calendar year, officials said. After the payment, the country’s foreign exchange (forex) reserve came down to $32.32 billion on Monday from $ 33.47 billion of the previous working day, according to the central bank latest statistics.
Cabinet clears JV formation with Chinese firm
The cabinet on Monday okayed draft agreements for formation of a joint venture company under state-owned Rural Power Company Limited and Norinco International Ltd of China to install a 1,320MW coal-fired power plant at Payra in Patuakhali. The companies will have 50-50 share of the proposed joint venture company, according to documents placed in the weekly cabinet meeting.
Bangladesh Taka depreciates two paisa more at closing
The Bangladesh Taka (BDT) depreciated two paisa more against the US dollar Monday evening following higher demand for the greenback in the inter-bank foreign exchange market. The exchange rate of the BDT against the US dollar was quoted at maximum BDT 80.92 at the evening transactions today.
Abnormal rise of newly-listed cos’ share prices continues unabated
Investors’ ‘abnormal’ hype surrounding any newly listed company has become a regular phenomenon in the country’s capital market and the latest about such hype was Oimex Electrode whose share prices shot up by 1,047 per cent on its debut on Monday. The shares of Oimex, which were issued at Tk 10 each under the fixed price initial public offering method, closed at Tk 114.20 each, increasing by Tk 104 on the day due mainly to investors’ buying spree.
Declining rice import cost hardly benefits consumers
Consumers are hardly getting any relief despite a notable decline in import costs of rice, lately. The greed for reaping undue profits by the wholesalers and retailers has kept the prices of rice, particularly that of coarse varieties, still at a very high level.
BBN/SSR/AD