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.
Accord seeks 281 more days to complete remediation
Accord on Fire and Building Safety in Bangladesh, a platform of European apparel buyers to improve safety standards in apparel sector, has sought an extension of around 10 more months to finish the remaining remediation process in the apparel sector.
Declining deposits worry banks
Banks are in desperate want for deposits as savers are showing unwillingness to park their funds in the banking system due to negative returns once inflation and tax are taken into consideration.
Duty benefits for import of 17 more items for computer production
National Board of Revenue has extended its duty benefits for import of 17 types of raw materials and equipment for local production of computer accessories and spare parts, printed circuit board and related digital products.
Bangladesh Taka depreciates significantly against US$
The exchange rate of the Bangladesh Taka (BDT) has depreciated significantly against the US dollar following higher demand for the greenback for settling the import bills. The local currency depreciated by 10 poisha in the country’s inter-bank foreign exchange (forex) market on Monday after more than a month, according to market operators.
Bangladesh’s stocks extend losses for second day
Bangladesh’s stocks extended their losing streak for the second straight sessions on Monday as risk-averse investors continued their selling binge on large-cap shares. Analysts said stocks fell as shaky investors opted for booking profit on stocks which saw sharp gain in recent price upsurge.
New Chinese firm set to bag Dhaka-Sylhet highway project
China Communications Construction (CCCC) looks set to bag the Tk 14,000 crore-contract to construct the Dhaka-Sylhet four-lane highway after the project’s original contractor, China Harbour, was dumped for offering bribes.
Govt to review minimum wages for steel re-rolling mill workers
The government has taken an initiative to review the minimum wages for the workers of country’s steel re-rolling mills in accordance with the Bangladesh labour act.
Tk380 crore bank loan to construct LPG plant in Sitakunda
Mutual Trust Bank Ltd and JMI Group have signed a Tk380 crore syndicated loan deal for the latter’s LPG project. It is said to be one of the biggest syndicated loans provided for the construction of a liquefied petroleum (LP) gas plant in Chittagong’s Sitakunda upazila.