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 opens gas connection for all but households
The government plans to resume piped natural-gas connections to all consumers but households from next month with the start of expensive LNG (liquefied natural gas) import. Already, according to officials, it has opened up new connections for industries, and the state-run gas- marketing and-distribution companies have initiated moves to complete all relevant formalities beforehand.
Apparel exports to new markets on the rise
Garment exports to non-traditional markets rose 3.77 percent year-on-year to $2.56 billion in the July-January period of the current fiscal year thanks to preferential trade benefit and fiscal incentive. Apparel shipments fetched $2.47 billion in the same period last fiscal year, according to data from the Export Promotion Bureau.
US-Bangla plane crashed due to missed approach: TIA
The US-Bangla plane crashed at Kathmandu airport due to missed approach, Tribhuvan International Airport (TIA) General Manager Rajkumar Chhetri has said. “The plane flew past just above the air-traffic control tower during its descent for landing. It touched down the ground just next to a parked plane and ploughed through a fence on the east side of the airport, and plunged into the lower ground,” Mr. Chhetri was quoted by the Kathmandu Post, a local newspaper, as saying.
Sonali, BRAC drew highest complaints in 2017: BB
Customers expressed more dissatisfaction with services of scam-hit Sonali Bank Limited than of any other bank in the country as Bangladesh Bank received highest 345 complaints against the state-owned bank during the 2016-2017 fiscal. Customers’ second highest 213 complaints were against BRAC Bank, followed by Janata Bank Limited with 185 complaints, according to the annual report of BB’s Financial Integrity and Customer Services Department, which was published on Sunday.
Bangladesh’s stocks see free fall for second day
Bangladesh stocks displayed a free fall for the second consecutive session on Monday because of selling pressure spurred on major sectors including the bank and financial institutions. The benchmark index of the Dhaka Stock Exchange (DSE) lost 122.4 points in last two sessions amid shaky investors’ confidence.
Third metro rail to have underground tunnel through Dhaka Cantonment
The government is planning to construct the third metro rail (MRT line-5) connecting Hemayetpur and Vatara through the Dhaka Cantonment. The metro rail will have two elevated parts – the first one to be constructed between Hemayetpur and Aminbazar (5.5km) while the second part will connect Natun Bazar and Vatara (0.5km).
Reforms needed to curb default loans: economists
Noted economists yesterday called for institutional reforms to curb a banking sector culture of defaulting on loans and ensure proper use of development funds. They said there should be a provision for punishment for delays in project implementation.
Bangladesh Bank sells $55m to two banks
The central bank of Bangladesh has sold US$55 million more to seven commercial banks to meet the growing demand for the greenback in the market. “We’ve sold the foreign currency to the banks on Monday at market rate to settle import payment bills particularly for fuel oil,” a senior official of the Bangladesh Bank (BB) told the BBN in Dhaka.