RMG workers in a Bangladesh factory. BBN file photo.
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 approves 52 more firms for assessment
The government has listed 52 more engineering firms to conduct detailed engineering assessment on fire and electrical faults in readymade garment factories under a national initiative to ensue engineering support for factories with the aim of expediting remediation works.
SoBs defy MoF order on public display of top defaulters’ list
None of the state-owned banks (SoBs) and financial institutions have displayed the list of top loan defaulters on their notice boards and posted the same on websites, defying a directive of the ministry of finance (MoF), officials said. The directive was issued a year earlier.
BTCL’s WiMax gamble
State-run Bangladesh Telecommunications Company Limited is set to get the licence for the globally obsolete technology WiMax, in what can be viewed as a naïve gamble seeing the current operators are struggling to log in profits.
Foreign companies to get land to build exclusive zone in hi-tech park
Exclusive zone will be created in Kaliakoir Bangabandhu Hi-Tech City for ensuring availability of land for foreign IT companies aimed at achieving the ICT export target of $5 billion by 2021. “The investors of local and foreign are enjoying attractive incentive package to invest in the country’s IT parks and in addition to that, land will be allocated to the foreign companies in the IT parks for making exclusive zone for IT business,” ICT Secretary Zuena Aziz said during a agreement signing ceremony yesterday, reports BSS.
VAT rates to be multiple
Finance Minister AMA Muhith yesterday said the new value-added tax law would be fully implemented by 2021 and the rates would be multiple instead of a single one.
RBI chief quits after spat with govt
The head of India’s central bank resigned on Monday following a public spat with Prime Minister Narendra Modi’s administration about alleged government interference.
12 banks face Tk 10,833cr provision shortfall
Twelve scheduled banks in the country faced provision shortfall of Tk 10,833 crore in total at the end of July-September quarter this year. The shortfall meant that the banks lacked adequate capital to keep provision against their defaulted loans.
School banking gaining momentum
School banking accounts and their deposits rose by nearly 14% in September over the same period of last year, according to the latest data of Bangladesh Bank (BB). The scheme teaches kids useful skills which will guide them about money management effectively. As part of the program, kids can bank at school, with a hands-on banking experience in a simple way, experts say.
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