Dhaka, Bangladesh (BBN) - The BBN has prepared the morning business round up compiling reports, published by different newspapers and news portals in Bangladesh.
Medium-term growth targets face trimming
The government is likely to trim the country's economic-growth target down to 7.4 per cent for the next fiscal year while work is on to cut the current one amid lingering political troubles. Officials said Monday that slower growth achievements in the last couple of years, largely under the impact of restive political situation, prompted the authorities to go for the downward revisions.
Garment buyers demand solution to political crisis
Representatives of 65 international retailers, who source garments from Bangladeshi factories, yesterday demanded an immediate solution to the current political crisis, saying the ongoing blockade is interrupting their supply chain. The retailers and brands expressed the concern at the regular "buyer forum meeting" at Westin Hotel in Dhaka.
Bangladesh’s stocks continue 4-day losing streak
Bangladesh’s stocks ended lower for the four running sessions on Monday as investors remained reluctant amid ongoing political unrest across the country. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 36.52 points or 0.78 percent to close at 4,618.46 points.
The two other indices also saw steep decline.
Tanners incur Tk 459cr loss in Jan for blockade, hartals
Bangladesh Tanners’ Association claimed on Monday the ongoing political programmes including nationwide nonstop blockade and intermittent general strikes caused a loss of over Tk 450 crore in the tannery industry in the month of January. At a press conference at Dhaka Reporters’ Unity, the association made a clarion call to the prime minister, Bangladesh Nationalist Party-led alliance and all other political actors to strike a consensus by holding talks to end the political crisis to avoid further loss to the sector.
BDT 79b income tax stuck up as disputes await resolution
The government's efforts to expedite disposal of income tax-related disputes involving a sizeable volume of revenue are yet to produce any tangible results. The rate of disposal of income tax-related pending cases remained poor during the last few years largely due to lack of willingness of some large corporate taxpayers to settle the issue, tax officials said. The number of pending cases in the Taxes Appellate Tribunal increased to 1,895 in 2013-14 fiscal, compared to 1,088 in FY 2012-13 and 1,112 in FY 2011-12.
Remittance slips in Jan amid volatility
The country received $1.23 billion in remittance last month, down 2.05 percent year-on-year. The figure too is lower than the amount received in December last year, when $1.27 billion was remitted by migrant workers, according to data from Bangladesh Bank.
Private recruiters may send workers to KSA
Private recruiters will be allowed to send workers to Kingdom of Saudi Arabia (KSA) provided they would maintain the service charge to be fixed by government, Expatriates' Welfare and Overseas Employment (EWOE) Minister Khandker Mosharraf Hossain said on Monday. Government is going to fix the service charges to the private recruiting agencies to send workers to Saudi Arabia .They cannot claim more charge than that of the fee, he said.
BBN/SSR/AD-03Feb15-9:50 am (BST)