Sector: Environment, Climate Change & Water Resources Services
Sub Sector: Environmental protection & Climate Change
Title: Germany may provide £600m in dev assistance
The Financial Express
Germany plans to provide 600 million euros to Bangladesh in development aid under its agenda on climate development, German Ambassador Achim Tröster said Tuesday and also spoke about trade facilities on the European market. This forthcoming amount will be in addition to the present programme for which Germany allocated 409 million euros, the envoy told a press briefing. "Partnerships implementing some of 400 million and it comes, and I'm quite optimistic, to the assigning degree of the Canada development partnership that we had proposed years ago to Bangladesh,"
Sector: Industry & Economics Services
Sub Sector: Labour & Employment
Title: Labour situation improves in BD
The Financial Express
The overall labour situation in Ashulia and Gazipur industrial belts improved on Tuesday as most of garment factories, except a few, reopened with workers joining the workplace.
Sector: General Public Services
Sub Sector: Financial, Fiscal & External Affairs
Title: AIIB to provide Bangladesh with $700m budget support
The Business Standard
The Asian Infrastructure Investment Bank (AIIB) will provide Bangladesh with $700 million in budget support in the current fiscal year, said Economic Relations Division (ERD) officials. According to officials, Bangladesh sought budget support during a sideline meeting with the president of the AIIB at the organization's annual meeting in Samarkand, Uzbekistan on 23-26 September. The president of the organization gave preliminary assurances about the support. ERD Secretary Md Shahriar Kader Siddiky led the Bangladesh delegation on that tour.
Sector: General Public Services
Sub Sector: Financial, Fiscal & External Affairs
Title: Government revenue evaded through fake travel tax at Benapole customs checkpost
The Business Standard
Government revenue is being evaded at Benapole International Customs Check post through the use of fake travel tax receipts, according to customs officials. A broker group operating at the check post is reportedly defrauding the government by issuing fraudulent receipts to travelers, bypassing official tax payments.
Sector: General Public Services
Sub Sector: Financial, Fiscal & External Affairs
Title: Stocks plunge, DSE turnover hits 45-day low
The Business Standard
The major index DSEX of the Dhaka Stock Exchange (DSE) slipped yesterday, while the daily turnover fell below Tk400 crore for the first time in the last 45-day.On the day, the DSEX fell by 0.67% to close at 5,586, hitting a 37-day low, while the blue-chip index DS30 dropped 14 points to settle at 2,039.The declining trend extended for two consecutive sessions, while the market cap dropped by Tk5,500 crore.
The downward trend continued for a second consecutive session, with the market capitalization shedding Tk5,500 crore.
Sector: Industry & Economics Services
Sub Sector: Sugar, Food & Allied Industries
Title: বিশ্বব্যাপী কমেছে চালের দাম
The Business Standard
বিশ্বে শীর্ষ চাল রফতানিকারক দেশ ভারত। শনিবার পুনরায় বাসমতি ছাড়া অন্যান্য সাদা চাল রফতানির অনুমোদন দিয়েছে দেশটির সরকার। এ অনুমোদনের পর সোমবার বিশ্বব্যাপী কমেছে চালের দাম। রফতানিকারকরা জানিয়েছেন, চাল রফতানির অনুমোদন দেয়ার পর বৈশ্বিক সরবরাহ বেড়েছে। এতে এশিয়া ও আফ্রিকার ব্যবসায়ীরা তুলনামূলক সাশ্রয়ী মূল্যে পণ্যটি আমদানির সুযোগ পাবেন। খবর রয়টার্স।
ভারতে কিছুদিনের মধ্যেই নতুন মৌসুমের ফসল সংগ্রহ শুরু হবে। উৎপাদন বৃদ্ধি ও বিভিন্ন রাজ্যে ঊর্ধ্বমুখী মজুদের কারণে রফতানির অনুমোদনসহ শুল্ক কমিয়েছে দেশটির সরকার। সাদা চাল রফতানি শুল্ক ২০ থেকে কমিয়ে ১০ শতাংশে নামিয়ে আনা হয়েছে।
Sector: Industry & Economics Services
Sub Sector: Jute, Textile & Export Processing
Title: ভারতে রফতানির লক্ষ্যমাত্রা পূরণ নিয়ে সংশয়ে ব্যবসায়ীরা
Bonik Barta
ভারতে ইলিশ রফতানি শুরু হয়েছে ২৫ সেপ্টেম্বর থেকে। প্রতিদিন গড়ে ১৪ টন রফতানির কথা থাকলেও পাঁচদিনে মাত্র ১১ টন ইলিশ গেছে ভারতে। নদী ও সাগরে কাঙ্ক্ষিত ইলিশ ধরা না পড়ায় গত তিন বছরে বরিশাল থেকে ভারতে রফতানির লক্ষ্যমাত্রা পূরণ হয়নি। এবারো সংশয়ে রয়েছেন রফতানিকারকরা। মৌসুমের এ সময়ে যে পরিমাণ ইলিশ ধরা পড়ার কথা, সে পরিমাণ মিলছে না। তবে মৎস্য অধিদপ্তরের হিসাব বলছে, গত বছর বরিশাল থেকে ৪০ হাজার টন ইলিশ আহরণ হয়েছে। এবার তার চেয়ে ১০ হাজার টন বেশি আহরণ করা সম্ভব হবে।
The High Cost of Excluding Chinese Technology
Project Syndicate
The advanced, low-cost products and technologies that are propelling the green transition in China could accelerate the green transition everywhere, including advanced economies. Although trade barriers are high and getting higher, inflows of Chinese foreign direct investment in countries that restrict trade is a viable alternative.
MILAN – China is making sure it is ready for the transition to a sustainable economy. By investing heavily in green technologies and leveraging its massive domestic market, the country has been able to lower the costs and increase the supply of the products it needs, and to drive green innovation. But China’s progress might not benefit the rest of the world nearly as much as it could.
Sector: General Public Services
Sub Sector: Financial, Fiscal & External Affairs
Title: Remittance rebound brings in record $2.40b in Sept
The Financial Express
A rebound in remittance brought Bangladesh US$2.40 billion in September, accounting for a hope-raising second-highest monthly inflow in 39 months. The upturn in remittance earnings provides much-needed respite for the economy facing multiple macroeconomic strains in recent times amid a persistent foreign-exchange (forex) shortage, officials and analysts said. According to data with Bangladesh Bank (BB), the country's central bank, Bangladeshi expatriates working abroad sent $2.40 billion in the just-concluded month, which is the second monthly highest remittance inflow in the last 39 months after this year's June figure of $2.54 billion.
This September receipt got enhanced by over 80 per cent year on year from $1.33 billion recorded in September 2023.
Sector: General Public Services
Sub Sector: Financial, Fiscal & External Affairs
Title: Nine persons, firms hit with Tk 4.28b penalty for Beximco share price manipulation
The Financial Express
The securities regulator has imposed an aggregate penalty of Tk 4.28 billion on five companies and four individuals for manipulating the share price of Beximco in violation of regulations. Most of the offenders have been fined twice for manipulating the company's share price in both 2021 and 2022. This marks the first time the regulator has imposed penalties higher than the amount the manipulators gained through unfair practices. All individuals and companies fined by the regulator are connected to the Beximco Group, BSEC officials said.
Sector: General Public Services
Sub Sector: Financial, Fiscal & External Affairs
Title: BSEC to inspect use of IPO proceeds of nine companies
The Financial Express
The stock market regulator has decided to scrutinize the utilization of proceeds from initial public offerings (IPOs) and repeat public offerings (RPOs) issued by nine companies, to see whether the funds are being used properly. The decision was taken at a meeting of Bangladesh Securities and Exchange Commission (BSEC) held on Tuesday, with its Chairman Khondoker Rashed Maqsood in the chair.
The companies are Bangladesh Shipping Corporation, Best Holdings, Index Argo Industries, JMI Hospital Requisite Manufacturing, Lub-reef (Bangladesh), Navana Pharmaceuticals, Ring Shine Textiles, Sikder Insurance Company, and Silva Pharmaceuticals.
Sector: Industry & Economics Services
Sub Sector: Labour & Employment
Title: Reforming wage structure, policy in RMG sector
The Financial Express
Against the backdrop of spiralling workers' unrest with attendant violence in the Readymade Garment (RMG) units in Ashulia, Savar, Gazipur and elsewhere, the UN agency dealing with labour-related issues, ILO, has identified five key areas that demand urgent attention. Evidently, the international labour body has been closely monitoring the escalation of agitation among the garment workers, their grievances and the complexities involved that reflect systemic problems requiring speedy redress. The key issues identified by the ILO and the suggested remedies include wage structure, policy and labour law reform and strong social and legal protections and industrial relations, and occupational safety and health (OSH).The first step towards addressing the issues causing destabilization in the garment and other industries is to acknowledge those by all the stakeholders involved. The next step would be to conduct constructive dialogues between the RMG factory owners, workers and government officials in a spirit of collaboration and good faith so that workers' rights are recognized and protected, while the sustainability of the RMG industry is also ensured.
Sector: General Public Services
Sub Sector: Financial, Fiscal & External Affairs
Title: Bangladesh receives $2.4 billion remittance in September
The Financial Express
Bangladesh received a record $2.40 billion remittance in the just-passed September, giving some respite to the economy that has been suffering multi-pronged strains amid foreign exchange tightness. According to data from Bangladesh Bank (BB), the country’s central bank, Bangladeshi expatriates sent $2.40 billion last month, marking the second-highest monthly remittance inflow in the last 39 months.
September’s remittance surged by over 80 per cent year-on-year compared to the $1.33 billion recorded in September 2023. Compared to the previous month’s earnings, it was also up by nearly $200 million.
Sector: General Public Services
Sub Sector: Financial, Fiscal & External Affairs
Title: NBR lifts 100% inspection for goods imported from Pakistan
The Business Standard
The National Board of Revenue (NBR) has eliminated the mandatory 100% physical inspection of goods imported from Pakistan as part of ease of doing business. NBR sources said the criterion was not applied to goods imported from any country other than Pakistan. Now, similar to the procedure for imports from other countries, Pakistani goods will undergo physical examination based on risk assessment, according to a notification issued by the revenue board on 29 September.
Sector: General Public Services
Sub Sector: Financial, Fiscal & External Affairs
Title: Remittance inflow jumps by $1.07b YOY as expats favour bank channels following govt changeover
The Business Standard
Remittance inflow into Bangladesh surged by $1.07 billion in September, marking an impressive 80.22% year-on-year increase.
According to the Bangladesh Bank, the country received $2.40 billion in remittances last month, a significant increase from $1.33 billion in the same month last year. Additionally, remittances in September increased by $180 million compared to the previous month, making it the highest inflow in the past three months.
Sector: Industry & Economics Services
Sub Sector: Jute, Textile & Export Processing
Title: যুক্তরাষ্ট্র ও ইইউতে কমেছে তৈরি পোশাক রফতানি
Bonik Barta
তৈরি পোশাক খাতের বড় দুই বাজার যুক্তরাষ্ট্র ও ইউরোপীয় ইউনিয়নে (ইইউ) বাংলাদেশের রফতানি কমেছে উল্লেখযোগ্য হারে। ইইউতে ৪ দশমিক ৮৪ শতাংশ কমলেও যুক্তরাষ্ট্রে কমেছে ১০ দশমিক ২৮ শতাংশ। ইউরোপীয় ইউনিয়নের পরিসংখ্যান কার্যালয় ইউরোস্ট্যাট ও ইউএস ডিপার্টমেন্ট অব কমার্সের আওতাধীন অফিস অব টেক্সটাইল অ্যান্ড অ্যাপারেলের (অটেক্সা) তথ্যে, ২০২৩ সালের জানুয়ারি-জুলাইয়ের তুলনায় চলতি বছরের একই সময়ে পার্থক্য দেখা গেছে। বাংলাদেশ থেকে অন্তত ১৮ শতাংশ পোশাক রফতানি হয় যুক্তরাষ্ট্রে এবং প্রায় ৫০ শতাংশ রফতানি হয় ইউরোপের দেশগুলোয়।
অটেক্সার তথ্যে দেখা গেছে, ২০২৩ সালের জানুয়ারি-জুলাইয়ে বাংলাদেশ থেকে যুক্তরাষ্ট্রে পোশাক রফতানি হয়েছিল ৪৫৭ কোটি ডলারের। কিন্তু চলতি বছরের একই সময়ে ৪৭ কোটি ডলার কমে ৪১০ কোটি ডলারে দাঁড়িয়েছে। বর্তমানে বিভিন্ন দেশ থেকে যুক্তরাষ্ট্রে রফতানি হওয়া তৈরি পোশাকের ৯ শতাংশ বাজার দখলে নিয়ে বাংলাদেশ তৃতীয় সর্বোচ্চ রফতানিকারক দেশ।