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.
Loans against movable assets on the cards
People can soon get loans from banks by keeping their movable assets with banks as collateral, in a development that will expand the access to finance. The central bank has already drafted a law titled “The Secured Transaction (Movable Assets) Act”, which will soon be sent to the law ministry for vetting.
Relaxes rules: Term loan borrowers to get more benefit
The central bank of Bangladesh has revised loan classification rules allowing six months from expiry date to overdue in case of term loan to facilitate business activities. The Bangladesh Bank (BB), the country’s central bank, has also extended three months’ time for two types of classified loans – ‘doubtful’ and ‘bad’ – on the same ground.
Govt picks 65 companies for export trophy 2016-17
The government has selected 65 companies for awarding National export Trophy 2016-17 for their extraordinary performance in the country’s export earnings. Through a notification published in the Bangladesh Gazette the commerce ministry has recently announced the names of the award winning export companies under 28 categories.
BIDA for ensuring uniform rules for all MFS providers
The Bangladesh Investment Development Authority (BIDA) has suggested the central bank to take necessary steps to bring down the daily transaction limit of ‘Nagad’, making it equivalent to that of other mobile financial services, sources said. ‘Nagad’ is a mobile financial service (MFS) introduced recently by the Bangladesh Post Office (BPO).
Stocks post marginal gain after bumpy ride
Stocks posted a slight gain on Sunday, after a sharp rise in the previous session, as late hours selling spree wiped out early gains. Trading on both the bourses remained closed on Monday due to Shabe-barat holiday.
Kamal sees no problem at stock market
Finance minister AHM Mustafa Kamal on Monday said he found no problem with the prevailing situation at the country’s stock market saying that ups and downs in the market were normal. ‘I don’t see that the market is in bad shape,’ he said while talking to reporters after a meeting with officials of Bangladesh Securities and Exchange Commission in capital Dhaka.
Tissue paper market doubles in a decade
The market size of tissue paper has more than doubled within a decade in Bangladesh courtesy of urbanisation, growing per capita income and increasing health consciousness among people. Last year the market size of the item stood at around Tk 480 crore from nearly Tk 230 crore in 2008, according to data from Bashundhara Paper Mills, the market leader in the segment as well as one of the exporters of the product.
Bring all leather exporters into 10% incentive scheme, says BFLLFEA
Bangladesh Finished Leather, Leather Goods and Footwear Exporters Association (BFLLFEA) urged the government to bring all leather exporters into the 10% cash incentive scheme. Currently, the incentive is only for exporters who process leather at the Leather Industrial Park in Savar.