PRESENTATION ON BUSINESS ECONOMIC NEWS

1. PRESENTATION ON BUSINESS
ECONOMICE NEWS
Submitted To:
Ms. Shahreen Sonia
Senior Lecturer in Accounting-
GUB
Course Title:
Principles of Accounting
Course code: BUS-103
Submitted By:
Khaled Hasan
ID- 151 006 007
BBA (2nd
Semester)

2.  $936m in remittance received in 17 days.
 Foreign Exchange Regulation (Amendment) Bill, 2015 placed
in JS.
 Export target set 7pc higher.
 BB to announce $500m funds soon for productive sectors.
 Record remittance inflow of $15 billion in 2014-15.
 90pc businessmen do not pay VAT: Muhith.
 Indian PM Modi meets Bangladesh business leaders.
 WB okays $476m for two projects.
 Mega budget of Tk 2.95 lakh cr proposed.
 BB raises EDF to $2bln to aid exporters.

3. $936m in remittance received in 17 days
The country received $936.12 million in remittance in the first 17 days of the last
month of July.
Islami Bank Bangladesh Limited (IBBL) $246.97 million.
Agrani Bank received $97.91 million,
Sonali Bank $82.20 million,
Janata Bank $80.05 million and
Rupali Bank 11.80 million.
Source: Newspaper

4. Foreign Exchange Regulation (Amendment) Bill,
2015 placed in JS
Abul Maal Abdul Muhith introduced the 'Foreign Exchange Regulation (Amendment)
Bill, 2015 in the Jatiya Sangsad for updating the existing law on regulating the purchase
and selling of foreign currencies and securities, reports BSS.
Source: Newspaper

5. Export target set 7pc higher
The government set the export target $33.5 billion, the amount being 7.38 percent higher
than the earnings last year.
Exports rose 3.35 percent year-on-year to $31.2 billion last fiscal year, but fell short of the
target at $33.2 billion.
“We expect exports worth $3 billion to $5 billion a year from the factories at the Garment
Palli,” he said. "This will also help us achieve the $50 billion apparel export target by
2021.”
Source: Newspaper

6. BB to announce $500m funds soon for
productive sectors
The central bank is set to announce two funds worth US$500 million for attaining
maximum economic growth through boosting medium and long-term investment,
particularly in productive sectors.
One fund, amounting to $300 million, will be mobilized with help of the World Bank
to facilitate manufacturers on long term basis, according to the BB governor.
$200 million will be formed with the central bank’s own resources to facilitate green
financing in different productive sectors including textile and leather.
Source: Newspaper

7. Record remittance inflow of $15 billion in 2014-15
Bangladeshis have sent remittances worth $15.3 billion during the just concluded
2014-15 .
Remittance inflow stood at $14.23 billion during the previous FY 2013-14, which
means it rose by 7.51 percent in a year.
Source: Newspaper