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.

Tax fair pulls in huge responses
The weeklong annual tax fair ended yesterday amid huge responses from taxpayers, with the National Board of Revenue logging in Tk 2,129 crore in tax collections. The receipts are 5 percent higher than in the previous year. The number of returns submission and the number service recipients also exceeded the previous year’s mark, the NBR said yesterday.

DPDC finally takes project to strengthen capacity
Dhaka Power Distribution Company has taken an initiative to strengthen its capacity for power transmission and distribution in half of Dhaka city under its jurisdiction. The company has come up with the initiative in the backdrops of frequent power cuts every day, particularly in summer, because of its inadequate and old-fashioned infrastructures in power transmission and distribution, officials said.

Govt decides to go tough on mobile cos ignoring subscribers’ choice
The government is planning to go tough with mobile operators regarding unwanted activation and renewal of various service packages without the knowledge of subscribers. The Post and Telecommunications Division (PTD), in a letter to the Bangladesh Telecommunication Regulatory Commission (BTRC), asked the Commission to stop any service package offered by the mobile operators without prior approval of PTD.

Denim export to US sees 5.84% rise
Bangladesh’s Denim export to the United States has seen a 5.84% jump to $299 million in the first eight months of the current year compared to the same period a year ago. However, Denim product export to European Union (EU) counties rose by 6.86% to €568 million in January-June period of the current year. Denim products contribute about $6 billion to $28 billion RMG exports, which is expected to reach $7 billion by 2021. Of the total amount, EU and US import lion’s share of Bangladesh’s denim products.

Bangladesh’s stocks gain, turnover up
Bangladesh’s stocks witnessed moderate gain on Monday with turnover on the premier bourse crossing BDT 6.0 billion-mark as the hopeful investors were active on sectors specific stocks throughout the session. The market started with a positive note which sustained till end of the session. DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 4,689.18, gaining 16.78 points or 0.36 percent over the previous session.

IMF to review macroeconomic situation, banks’ performance
The International Monetary Fund (IMF) will soon review Bangladesh’s overall macroeconomic situation along with banking-sector performances. An IMF staff mission is scheduled to arrive in the capital next week for the appraisal, sources said

Direct shipping line needed with Myanmar, says chamber
Bangladesh needs to demonstrate strong drive in making coastal shipping line operational with Myanmar and establish banking channel to tap the huge business potential offered by the Southeast Asian nation, said a bilateral trade body. Connectivity should be given priority during the two-day eighth joint trade commission meeting between Bangladesh and Myanmar to be held in Dhaka tomorrow, it said.

BTRC to probe telcos’ illegal transmission business
The telecom regulator has formed a four-member committee to investigate illegal network transmission business by the mobile phone companies. The committee will run inspections at the infrastructure of the mobile phone companies and also at the business entities which are taking network transmission services from the mobile operators. The Bangladesh Telecommunication Regulatory Commission on September 18 issued a directive, saying that a mobile phone operator would not be allowed to provide fibre optic connectivity to another operator.
BBN/SSR/AD