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.
Shift to bilateral negotiations challenge for Bangladesh trade: UN
The next few years would be crucial for Bangladesh as it has to go for power-based bilateral negotiations with major trading partners as the country would be unable to rely on multilateral trade preferences due to its graduation from least developed status, according to a United Nations report.
BPDB, Chinese co to build 150MW plant
The state-run Bangladesh Power Development Board (BPDB) signed a deal with the Dongfang Electric International Corporation (DEC) of China on Tuesday to construct a 150-megawatt (MW) power plant in the country’s northern region. The plant will be built on 18 acres of land in Syedpur under Nilphamari district within 540 days by June 2021.
Local firm making farm machinery
Alim Industries is expanding facilities to make farm machinery to meet the rising demand from growers in the face of gradual decline in farm workers, said the company. The move comes after the National Board of Revenue (NBR) offered duty concession on import of certain parts for the first time in fiscal 2016-17 to encourage local manufacturing of power tiller, power thresher, power reaper and power seeder.
Banks asked to achieve farm credit disbursement target
The central bank of Bangladesh has asked commercial banks for taking effective measures to achieve their agro-credit disbursement targets by the end of this fiscal. The instruction came at a special meeting with senior officials of 30 foreign and local private banks at the Bangladesh Bank (BB) headquarters in Dhaka on Tuesday.
Bangladesh’s stocks edge up after choppy trading
Bangladesh’s stocks backed to the green territory on Tuesday after choppy trading as investors were both sides trading fence. Analysts said investors were active both sides of trading fence, taking the market the green zone.
Inflation slightly eases to 5.35% in December
The general point to point inflation rate eased to 5.35 percentage point last December as compared to the previous month due to slight decrease in both food and non-food inflation. “The general point to point inflation rate slightly eased to 5.35 percentage point in December last,” said Planning Minister MA Mannan yesterday while releasing the monthly consumer price index after the day’s ECNEC meeting held at the NEC Conference Room in the city’s Sher-e-Bangla Nagar area, reports BSS.
4 stock investors, associates fined Tk 5 crore for price rigging
Bangladesh Securities and Exchange Commission on Tuesday slapped Tk 5.1 crore in fines on four investors and their associates for share price manipulation, but showed leniency to Commerce Bank Securities and Investment despite finding its involvement in the manipulation. The decision was made at a commission meeting presided by BSEC chairman M Khairul Hossain.
Bangladesh eases forex regulations for exporters
The central bank of Bangladesh has relaxed regulations, allowing banks to issue guarantees in favour of the authorities concerned in the country of import prior approval from it to facilitate export business. Talking to the BBN, a senior official of the Bangladesh Bank (BB) said the central bank has foreign exchange regulations to help exporters issue bank guarantees in favour of competent authorities in the country of import for ensuring the quality of their exportable products.
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