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.
Govt moves to use surplus funds of state organizations
The government yesterday placed a bill in parliament with a view to bringing the surplus money held by 61 state agencies to the national exchequer and utilising the funds to implement development projects. Finance Minister AHM Mustafa Kamal placed the bill titled “Deposition of Surplus Money of Self-Governed Agencies including Autonomous, Semi-Autonomous and Statutory Government Authorities and Public Non-Financial Corporations to the National Exchequer Bill 2020”.
Bankers seek assurance to get deposit at 6.0%
Bangladesh’s top bankers have sought assurance form regulators to get deposits particularly public ones at maximum 6.0 per cent before brining down the lending rate at 9.0 per cent. The appeal was made at a regular bankers’ meeting, held at the central bank headquarters in Dhaka on Tuesday with Bangladesh Bank (BB) Governor Fazle Kabir in the chair.
Autogas pump price shoots up by 19pc
The pump price of autogas, the liquefied petroleum gas (LPG) used in vehicles, surged by around 19 per cent to Tk 50 per litre from Tk 42 this week. Privately-owned LPG importers and marketers have increased the autogas price to cope with soaring LPG price in the global market, a LPG trader said. Vehicle owners, especially privately-owned ones, are bearing the brunt of the sudden hike of fuel.
Robi pays BTRC Tk 27.60cr in first installment
Mobile operator Robi on Tuesday paid Tk 27.60 crore to the Bangladesh Telecommunication Regulatory Commission as the first out of five instalments of Tk 138 crore against the BTRC’s audit claim as per a High Court order. The High Court on January 5 directed Robi Axiata Limited, the second largest mobile operator in the country, to pay in equal five instalments in five months Tk 138 crore out of the telecom regulator’s audit claim amounting to Tk 867.23 crore.
Stocks fall further, investors stage demo
Bangladesh’s stocks fell further on Tuesday as the losers took heavy control over the gainers following investors’ panic sale. The country’s premier bourse, Dhaka Stock Exchange (DSE) witnessed another big correction on the day by extending the falling trend of previous session.
BGMEA identifies 51 products for export diversification
The Bangladesh Garment Manufacturers and Exporters Association has identified 51 readymade garment products for export diversification within the sector, saying that the items have potential for an export boost. According to the sources, the trade body would focus on 31 products for five years and on the rest 20 products for 10 years to increase export of the products significantly.
BB makes easier digital marketing payment
Bangladesh’s e-commerce sector has received a major boost after the central bank opened up an opportunity for them to make payment to social media giants for online marketing. The move will make all international bill payments for online campaigns transparent and boost earnings for the country as local companies would transfer the money through legal channels instead of exploring other routes, entrepreneurs said.
C & F agents’ protest halts work at CCH
The workers of clearing & forwarding (C & F) agents staged work abstention at the Chattogram Customs House (CCH) on Tuesday. As a result, the regular activities remained suspended throughout the day. Sources said the workers and representatives of C & F agents stopped work at the CCH from 9:00 am protesting against a show-cause notice and the recommendation for cancellation of the licence of a C & F agent.