Dhaka, Bangladesh (BBN) - The BBN has prepared the morning business round up compiling reports, published by different newspapers and news portals in Bangladesh.
Garment shipments up 3.17pc in Aug
Garment exports bounced back in August, as earnings grew 3.17 percent year-on-year to $2.28 billion, according to data from the Export Promotion Bureau. Exports from the sector started increasing in April thanks to an end to prolonged political unrest.
Padma Bridge cost up 40pc in second revision
The Bridge Division has finally sent the revised Padma Bridge project proposal early this week to the Planning Commission (PC), increasing its cost by nearly 40 per cent. The proposed project cost includes an allocation of Tk 1.76 billion for the supervision consultants alone, officials said Tuesday.
Female staff percentage drops alarmingly in banking sector
Percentage of female staff in the banking sector decreased significantly last year compared with that of 2013 as most of the banks are reluctant to recruit them, said officials of Bangladesh Bank. Woman activists often criticise the banks that they are not interested in recruiting female staff as they think that the woman employees need to be given a six-month maternity leave which is not profitable to them (banks).
Bangladesh relaxes advertisement payment rule to Google, Facebook
The central bank of Bangladesh has relaxed its regulations, allowing the banks to make payment for advertisement of Bangladeshi products in global mass media like Google and Facebook, officials said. Under the relaxations, the commercial banks are allowed to make remittances for advertisement of local products in mass media abroad without prior approval from the Bangladesh Bank (BB), the country’s central bank.
Bangladesh’s stocks return to red
Bangladesh’s stocks returned to the red on Tuesday, after remaining positive in the previous five sessions as investors mostly followed cautious stance. Analysts said investors booked some profits on selected issues as the market rose in the past five sessions. DSEX, the prime index of the Dhaka Stock Exchange, settled at 4,784.46, after shedding 7.45 points or 0.15 per cent over the previous trading session.
Ex-BASIC Bank boss may get lucky
The Anti-Corruption Commission is all set to clear former BASIC Bank chairman Abdul Hai Bachchu of charges of allegations of embezzling Tk4,500 crore from the state-owned bank. A four-member inquiry team yesterday submitted a report to the commission, seeking permission to file at least 54 cases against more than 100 accused, including former managing director Kazi Fakhrul Islam.
Govt to tighten procurement rules
The government is set to make procurement rules stricter under the limited tendering method or LTM so that bidders are compelled to take up work at lower prices and do them properly. Limited tendering is a method in which only the known or pre-qualified bidders are allowed to participate. Tenders are not advertised in newspapers, so other bidders do not come to know that such a tender is being floated.
20 highest corporate, individual taxpayers to get tax card
The National Board of Revenue is going to award 20 highest corporate and individual income taxpayers in national level on the occasion of National Income Tax Day to be observed on September 15. The revenue board has already selected 10 individual and 10 corporate income taxpayers for the fiscal year 2014-2015 for the award with tax cards and certificates.
BBN/SSR/AD