Dhaka, Bangladesh (BBN) – The BBN has prepared the morning business round up compiling reports, published by different newspapers and news portals in Bangladesh.
Decision on fuel oil, electricity, gas price revision likely today
The energy regulator will sit with prime minister’s energy adviser Tawfiq-e-Elahi Chowdhury today to discuss fixing the tariffs on fuel oil, power and gas transmission charges at the bulk and consumer levels. After six months of public hearing, finally they are sitting to discuss the issue and this comes only three days after Finance Minister AMA Muhith hinted that retail prices of oil might be revised down in about a month in line with the falling global trends.
ISLAMI BANK: Govt plans to flush out Jamaat men
The government has planned to flush out directors, officers and employees with links to Bangladesh Jamaat-e Islami from the Islami Bank Bangladesh Limited. Officials of the foreign and finance ministries said the plan gained momentum after the government obtained a ‘green signal’ from Yousif Abdullah Al-Rajhi, vice chairman and a foreign director of the bank. Quoting a correspondence between finance minister AMA Muhith and foreign minister Abul Hassan.
Seven ex-officials of Oriental Bank get life
A Dhaka court yesterday sentenced seven former officials of now defunct Oriental Bank to life imprisonment for embezzling Tk 1.7 crore from the bank. Judge Akhtaruzzaman of the Special Judge’s Court-5 announced the verdict in the graft case in absence of all the accused. He also fined the convicts about Tk 1.08 crore.
Bangladesh Bank buys $15m more from two banks
The central bank of Bangladesh purchased US$15 million more from two commercial banks on Tuesday to help keep the inter-bank foreign exchange (forex) market stable, officials said. “The central bank is purchasing the US currency from the bank directly at market rate to protect the interests of exporters and migrant workers by keeping the exchange rate of the local currency against the US dollar stable,” a senior official of the Bangladesh Bank (BB) told BBN in Dhaka.
New compliance rules for vegetable and fruit exports
Fruit and vegetable exporters will soon have to register with the Plant Protection Wing of the government if they want to ship fresh produce abroad, as part of the government’s efforts to rein in noncompliance. The registration will be made mandatory in the near future for increased monitoring, according to Anwar Faruque, director general of the agriculture ministry’s seed wing.
BD to build 23km road inside Myanmar to connect with China
Bangladesh will build a 23-kilometre road from Gundam in Myanmar towards Kunming to connect with China to establish cross-border transport link among the three countries, Finance Minister AMA Muhith said Tuesday. “We will build 23-km road out of 170 kms which reaches from Gundam to Kunming as part of regional connectivity initiatives,” he told newsmen after a meeting with visiting Chinese Commerce Minister Gao Hucheng at his secretariat office.
Bangladesh’s stock end flat amid volatility
Bangladesh’s stocks closed flat on Tuesday after witnessing modest volatility as investors remained followed cautious stance amid the global stock market turmoil. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 1.06 points or 0.02 per cent to settle at 4,792.93. However, the two other indices managed to close in green. The DS30 index, comprising blue chips, gained 0.86 points or 0.04 per cent to finish at 1,832.92.
BB governor says Indo-Bangla ties need economic push
Bangladesh Central Bank Governor Atiur Rahman on Monday said after Prime Minister Narendra Modi’s visit to Dhaka, the onus of taking the bilateral ties ahead now rests with economic policymakers of both countries and suggested joint ventures aimed at developing Northeast region as a key imperative. “After the recent visit of Prime Minister Modi to Bangladesh, the level of political understanding has reached a new level. Now, the challenge is before us who are running and regulating the economy. We need to respond to that political call,” he said, addressing the FICCI’s annual conference on banking and finance here, reports The Economic Times.