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

ADB raises growth forecast
The Asian Development Bank is bullish over Bangladesh’s economic prospects this fiscal year, upgrading its growth forecasts while downgrading those for the rest of Asia Pacific save for Vietnam and Fiji. The Manila-based multilateral lender tipped Bangladesh’s gross domestic product to grow at 6.7 percent in fiscal 2015-16, up from its earlier prediction of 6.4 percent in its flagship annual economic publication, Asian Development Outlook that came out in March.

Expansion of metro rail line planned
The government has planned to expand the 20-kilometre metro rail line which is being set up from Uttara to Motijheel in the city. Officials said as per the plan, rapid transit line-6 (MRT-6) will be extended to Export Processing Zone (EPZ) at Savar from Uttara and to Kamalapur Railway Station from Motijheel.

Missing cash in BB: SBI suspends employee
The State Bank of India (SBI) on Tuesday suspended one of its local employees on charge of stealing BDT 0.5 million from the central bank vault area. The SBI Bangladesh Office took the action against its employee after the Bangladesh Bank (BB) detected using its CCTV footage that Dipok Chandra Das, an employee of the SBI, was taking away the money, the central bank officials said. The amount was been delivered to Dutch-Bangla Bank Limited on Sunday afternoon, they added.

Income tax fair collections top Tk 2,000 crore
The National Board of Revenue collected a record Tk 2,035 crore in income tax from 1,61,060 taxpayers during weeklong income tax fair across the country that ended on Tuesday. Income tax collection increased by 21.50 per cent compared with that of the last year when the revenue board got Tk 1,675 crore in income tax from 1,49,309 people who submitted their income tax returns in the fair.

New BGMEA chief takes reins, gets roadmap to reach export target
Newly elected president of Bangladesh Garment Manufacturers and Exporters Association, Siddiqur Rahman, took over charge of the trade body for two years yesterday. Outgoing BGMEA President Atiqul Islam handed over responsibility of the trade body to Rahman at the 32nd annual general meeting at the BGMEA office in Dhaka. Seven vice-presidents of BGMEA also took over their responsibilities at the event for 2015 and 2016.

Bangladesh Bank buys $65m more from eight banks
The central bank of Bangladesh purchased US$65 million more from eight commercial banks on Tuesday to help keep the inter-bank foreign exchange (forex) market stable ahead of the Eid-ul-Azha, officials said. “We’re buying 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.

Domestic air tickets sold out ahead of Eid
With only two days left to Eid-ul-Azha, domestic tickets of almost all airlines, including Biman Bangladesh, have been sold out. When inquired, airline companies yesterday said they had added extra flights considering the demand of home-bound passengers but tickets to those flights were also sold out.

Bangladesh’s stocks extend gaining streak for 4-day
Bangladesh’s stocks ended extended their gaining spell for the straight sessions on Tuesday with sluggish turnover, the last trading day before Eid vacation. Both the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) began the day with upward trend and continued it throughout the session. Trading and official activities on both bourses will remain closed for five days from Wednesday. The key index of DSE gained 11.67 points while the selective index of the CSE rose 36.11 points after the closing hour of trade.

BBN/SSR/AD