Dhaka, Bangladesh (BBN) – The BBN has prepared the morning business round up compiling reports, published by different newspapers and news portals in Bangladesh.

New five-year plan rests on private sector’s shoulders
Some Tk 31,903 billion will be required for implementation of the seventh five-year plan, 90.4 percent of which will come from domestic sources, according to the draft plan. The plan was placed at yesterday’s meeting of the Executive Committee of the National Economic Council. The government will invest Tk 7,252 billion and the private sector Tk 24,651 billion, as per the estimate.

Dhaka likely to relent on transit fee rates
Dhaka, bowing down to the pressure of Delhi, is likely to reduce the proposed rate of transit and transshipment fees which would be imposed for allowing Indian goods to pass through the country’s territory. Shipping ministry officials said Dhaka might also relax the provision for 100 per cent bank guarantee for allowing the transit and transshipment facilities.

4.0m taxpayers by FY 20 targeted
The government has targeted to increase the number of income taxpayers to 4.0 million by fiscal year (FY) 2019-20 which will be 2.0 per cent of the total population, said Finance Minister AMA Muhith Tuesday. “Our tax-GDP ratio is 11 per cent but many under-developed countries have higher tax-GDP than that of us. Increasing number of taxpayers to 4.0 million is a higher target but we have to take the challenge,” the finance minister said.

Bangladesh Bank buys $64m more from eight banks
The central bank of Bangladesh purchased US$64 million more from eight 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.

SIMs to be blocked unless registered in 7 days of SMS notification

If any user fails to re-register their mobile phone SIM cards in seven days of receiving a text message from operators concerned, they will face permanent blocking of their SIMs, according to a new directive by telecommunications division. As per the directive, the SIMs found registered with fake NID would also be blocked.

Ecnec clears exclusive EZ for China
The Executive Committee of the National Economic Council (Ecnec) approved Tuesday the proposed Economic and Industrial zone exclusively for Chinese investors, reports UNB. The proposed economic and industrial zone will be set up on 774.25 acres of land at Anwara in Chittagong involving Tk 4.20 billion (420.37 crore).

Telcos must introduce biometric verification by Dec 16
The government has asked the mobile phone companies to introduce by December 16 biometric identifications like fingerprint for SIM card sales. The users’ fingerprint will be verified with the Election Commission’s NID database as the mobile companies by that time will sign one-to-one agreement with EC for NID access. The decision came at a meeting between the mobile phone companies and the telecommunication ministry earlier in the week.

Bangladesh’s stocks extend gaining streak for 4th-day
Bangladesh’s stocks extended their gaining streak for the four straight sessions on Tuesday, their session of the week. The positive mood was continuing in the Bangladesh’s two bourses since last four sessions, as investors took position on large-cap stocks. The key index of Dhaka Stock Exchange gained 15.61 points while the selective category index of the Chittagong Stock Exchange rose 41.96 points at the closing of the day.

BBN/SSR/AD