dsex 6,205.50 3.19 gold (ounce) $1,285 october 2017.pdf · during the july-september period, export...

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1 | Page National News Exports slump in Sep Exports grow by 7.23pc in Q1 amid Sept slump Trade deficit soars by 245pc in July-Aug Bangladesh counts $1.81b trade gap in two months Bureaucratic tangles, unpredictable tax policy constraints for attracting FDI aamra to start local assembly of handsets in Dec Seven banks fined for flouting stockmarket rules Engage local firms to study impact of new VAT law BIDA to recruit private sector professionals International News Global firms join rush to bet on Indonesia as next start-up frontier Qatar orders aid to private sector businesses as sanctions hurt economy National News Exports slump in Sep Export receipts came crashing down in the month of September on the back of lower shipments of garment products, after registering a record high in the previous month. Last month, exports raked in $2.03 billion, down 10.18 percent from a year earlier and 44.23 percent from August that saw the highest receipts in a single month in Bangladesh's history. September's earnings missed the monthly target set by the commerce ministry by $750 million, according to data from the Export Promotion Bureau. Lower shipments of garment products, which typically account for 80 percent of the total export receipts, have been blamed for the slump in September's export earnings. Garment shipments brought home $1.62 billion in September, down 11.48 percent year-on-year and 46.71 percent from the previous month. DSEX 6,205.50 3.19 Gold (Ounce) $1,285.50 Dollar 80.80 (Buy) 81.80 (Sell) REPO Rate (05/10/2017) 3.76% CSCX 11,656.12 12.67 Oil (Barrel) $49.40 Euro 93.89 (Buy) 98.22 (Sell) REPO Rate (04/10/2017) 3.74% Source: DSE and CSE Source: Yahoo Finance Source: One Bank Limited Source: Bangladesh Bank (W AV)

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  • 1 | P a g e

    National News Exports slump in Sep

    Exports grow by 7.23pc in Q1 amid Sept slump

    Trade deficit soars by 245pc in July-Aug

    Bangladesh counts $1.81b trade gap in two months

    Bureaucratic tangles, unpredictable tax policy constraints for attracting FDI

    aamra to start local assembly of handsets in Dec

    Seven banks fined for flouting stockmarket rules

    Engage local firms to study impact of new VAT law

    BIDA to recruit private sector professionals

    International News Global firms join rush to bet on Indonesia as next start-up frontier

    Qatar orders aid to private sector businesses as sanctions hurt economy

    National News Exports slump in Sep

    Export receipts came crashing down in the month of September on the back of lower shipments of garment products,

    after registering a record high in the previous month.

    Last month, exports raked in $2.03 billion, down 10.18 percent from a year earlier and 44.23 percent from August that

    saw the highest receipts in a single month in Bangladesh's history.

    September's earnings missed the monthly target set by the commerce ministry by $750 million, according to data from

    the Export Promotion Bureau.

    Lower shipments of garment products, which typically account for 80 percent of the total export receipts, have been

    blamed for the slump in September's export earnings.

    Garment shipments brought home $1.62 billion in September, down 11.48 percent year-on-year and 46.71 percent

    from the previous month.

    DSEX 6,205.50 3.19 Gold (Ounce) $1,285.50 Dollar 80.80 (Buy) 81.80 (Sell) REPO Rate (05/10/2017) 3.76%

    CSCX 11,656.12 12.67 Oil (Barrel) $49.40 Euro 93.89 (Buy) 98.22 (Sell) REPO Rate (04/10/2017) 3.74%

    Source: DSE and CSE Source: Yahoo Finance Source: One Bank Limited Source: Bangladesh Bank (W AV)

  • 2 | P a g e

    One of the reasons for the slowdown in garment exports last month is that it coincided with Eid-ul-Azha, so the

    factories remained shut for a long stretch, said Siddiqur Rahman, president of the Bangladesh Garment Manufacturers

    and Exporters Association.

    “Production was on pause for a while,” he said, adding that the congestion at the Chittagong port meant that lesser

    number of consignments could be sent.

    The appreciation of the taka against the dollar also had a part to play in the lower garment export receipts, Rahman

    added.

    Meanwhile, September's takings mean a total of $8.66 billion was received from shipments in the first quarter of fiscal

    2017-18, which is an increase of 7.18 percent from a year earlier.

    It, however, fell short of its target by $253.27 million.

    During the July-September period, export of frozen and live fish and shrimp soared 23.08 percent year-on-year to

    $168.27 million, and agricultural products 20.94 percent to $147.90 million.

    Export of pharmaceutical products surged 18.68 percent to $23.95 million, and leather and leather goods 1.74 percent

    to $324.62 million.

    Shipment of jute and jute goods grew 15.46 percent to $236.12 million, which is 5.87 percent below the target for the

    July-September period.

    Home textile export grew 23.81 percent during July-September to $193.69 million, according to EPB data.

    Source: http://www.thedailystar.net/business/exports-slump-sep-1473556

    Exports grow by 7.23pc in Q1 amid Sept slump

    Country’s export earnings in September of the current financial year 2017-18 declined by 9.83 per cent after a strong

    growth in the first two months of the fiscal year — 26.54 per cent in July and 10.71 per cent in August.

    Due to the strong growth in the first two months of the fiscal year, export earnings in the first quarter of FY18 grew

    by 7.23 per cent to $8.66 billion compared with that of $8.07 billion in the same period of the FY 2016-17, according

    to the Export Promotion Bureau data released on Sunday.

    Experts and exporters said the export earnings’ growth in September was negative as the production and shipment

    of readymade garments and other products remained suspended for almost one week in the month due to the Eid-

    ul-Azha vacation.

    Export earnings in September decreased to $2.03 billion from $2.25 billion in the same month of FY17.

    The earnings in the third month of FY18 fell short by 26.72 per cent of the target ($2.77 billion) set by the

    government for the month, the EPB data showed.

    The earnings in July-September were 2.84 per cent lower than the target of $8.91 billion set by the government for

    the period.

    The EPB data showed that the earnings from RMG product exports in the first quarter of FY18 grew by 7.17 per cent

    to $7.14 billion from $6.66 billion in the same period of FY17.

    ‘Country’s export earnings are not up to the mark. Though the earnings in September witnessed a negative growth

    because of lower shipment of products due to Eid vacation, the country needs double-digit growth to attain the

    target set by the government,’ Policy Research Institute executive director Ahsan H Mansur told New Age.

    He, however, said that the global export outlook was positive this year while the overall global export was negative

    in last year.

    Mansur said that to achieve the export earnings target Bangladesh would have to diversify export products.

    Some policy intervention from the government like extending bonded warehouse to all export sectors is important

    to increase export and to ensure diversification of products, he said.

    http://www.thedailystar.net/business/exports-slump-sep-1473556

  • 3 | P a g e

    Export earnings from knitwear in July-September of FY18 rose by 10.18 per cent to $3.74 billion from $3.4 billion in

    the same period of FY17.

    The earnings from woven in the first quarter grew by 4.04 per cent to $3.40 billion from $3.26 billion in the same

    period of FY17.

    Md Siddiqur Rahman, president of the Bangladesh Garment Manufacturers and Exporters Association, said that

    country’s export earnings in the month of September registered a negative growth due to the week-long Eid

    vacation in the RMG factories.

    He said that lower production and shipment resulted in the negative growth in the month but more than 9 per cent

    fall was alarming.

    ‘We will have to wait until November or December to get a concrete picture of the trend in the country’s export

    earnings,’ the BGMEA president said.

    The EPB data showed leather and leather product exports in the first quarter of FY18 grew by 1.74 per cent to

    $324.62 million compared with that of $319.06 million in the same period of FY17.

    Earnings from leather footwear export in July-September of FY18 grew by 4.89 per cent to $166.13 million from

    $158.39 million in the same period of FY17 while the earnings from leather products increased by 19.27 per cent to

    $111.64 million.

    Frozen food and fish exports in July-September of FY18 grew by 23.08 per cent to $168.27 million from $136.72

    million.

    The EPB data showed that earnings from jute and jute goods in the first quarter of FY18 grew by 15.46 per cent to

    $236.12 million from $204.51 million in the same period of FY17.

    Source: http://www.newagebd.net/article/25727/exports-grow-by-723pc-in-q1-amid-sept-slump

    Trade deficit soars by 245pc in July-Aug

    The country’s trade deficit skyrocketed by 245 per cent to $1.8 billion in July-August of the current fiscal year 2017-

    2018 compared with that of $525 million in the same period of the last fiscal year due to mainly higher growth in

    import payments.

    Import payments grew by 34 per cent in the first two months of the current fiscal year while export earnings

    increased by only 14.57 per cent in the period, according to the Bangladesh Bank data released on Sunday.

    Officials of the central bank said that the trade deficit, the gap between export earnings and import payments,

    increased in the period as import payments rose significantly because of surge in rice import, increase in the prices

    of crude oil on the international market and substantial depreciation of the taka against all major currencies.

    Rice import both by public and private sectors increased significantly following huge crop losses, mainly boro paddy,

    in the flash floods in the country’s north-eastern haor areas and depleting public stocks as well as rising prices of

    staple in the domestic market.

    According to the central bank data, import payments reached at $8.35 billion in July-August of FY18 which was $6.23

    billion in the same months of last FY 2016-2017.

    On the other hand, export earnings stood at $6.5 billion in the first two months of the current fiscal year compared

    with that of 5.7 billion in the same period a year ago.

    The trade deficit hit an all-time high in last FY17 standing at $9.47 billion, up 46.62 per cent compared with that of

    the FY 2015-16.

    Officials said that the trend indicated that the trade gap would widen in coming months as the country’s rice import

    will continue to rise to meet the domestic demand and restrain the soaring price hike of the staple.

    The government may import 12 lakh tonnes of rice in the current fiscal year while private sector importers will also

    import sizeable quantity of rice.

    Price of crude oil in global market is also on gradual rise while the value of taka against the major currencies is also

    declining, they said.

    Huge trade deficit is not a good sign for the country as it may put an adverse impact on the macroeconomic

    http://www.newagebd.net/article/25727/exports-grow-by-723pc-in-q1-amid-sept-slump

  • 4 | P a g e

    situation, they added.

    The government should restrain import of unnecessary and luxury goods and take initiative to increase export

    earnings through diversification of export items to reduce the trade deficit, they said.

    In the period, the country’s current account balance also registered a deficit of $451 million in July-August of FY18

    from a surplus amount of $812 million in the same months of FY17 due to a lower growth in inward remittance,

    trade balance, services and primary income, the BB data showed.

    The current account balance, the gap between export receipts and net earnings (including remittances) and import

    payments and profit repatriation by multinational companies and local people, registered a deficit of $1.48 billion in

    FY17 for the first time in last five years.

    The net foreign direct investment increased by 9.59 per cent to $320 million in July-August of the year from that of

    $292 million in the corresponding period of FY17.

    The BB data showed that the financial account of the country’s balance of payment posted a surplus of $416 million

    in the first two months of FY18 from a surplus amount of $292 million during the same period of FY17.

    The financial account includes foreign direct investment, portfolio investment, and medium- and long - term loans.

    The country’s overall balance, however, posted a deficit of $206 million in July-August against a surplus amount of

    $1.18 billion during the same month of FY17, the BB data showed.

    Source: http://www.newagebd.net/article/25728/trade-deficit-soars-by-245pc-in-july-aug

    Bangladesh counts $1.81b trade gap in two months

    Bangladesh counted a US$1.81 billion worth of merchandise trade gap with the rest of the world in the very first two

    months of this fiscal, for hugely higher import payments than export earnings.

    Statistics released by the central bank Sunday also showed that trade gap widened almost threefold and a half from

    the same period of the past fiscal year when it had amounted to $525 million.

    Huge jump in import payments against modest export earnings led to the ballooning of the volume of trade deficit.

    Import, in free-on-board (FoB) terms, registered almost 34 per cent growth while the export (in FoB value) posted

    14.57 per cent growth in the July-August period of the current fiscal year (FY) 2017-18.

    Trade gap in services also widened to $778 million during the period as against $551 million.

    The Bangladesh Bank statistics further showed that current-account balance turned negative at $451 million in the

    period under review, which was significantly positive at $812 million.

    Higher trade gap pushed the current-account deficit to surge at a wider margin. Current account generally measures

    the balance of the regular external transactions of a country.

    Preliminary estimation also shows that gross inflow of Foreign Direct Investment (FDI) increased by 8.51 per cent to

    $510 million in the period while net inflow increased by 9.60 per cent to $320 million.

    The overall balance in the country's external account dropped into a negative territory of $206 million in the period

    under review from a surplus of $1176 million in the same period of FY17.

    Source: http://thefinancialexpress.com.bd/trade/bangladesh-counts-181b-trade-gap-in-two-months-1507487641

    Bureaucratic tangles, unpredictable tax policy constraints for attracting FDI

    Business leaders and top executives of multinational companies on Sunday said that bureaucratic tangles,

    unpredictable tax policy, poor infrastructure and shortage of power and gas were the constraints for attracting

    http://www.newagebd.net/article/25728/trade-deficit-soars-by-245pc-in-july-aughttp://thefinancialexpress.com.bd/trade/bangladesh-counts-181b-trade-gap-in-two-months-1507487641

  • 5 | P a g e

    foreign direct investment in Bangladesh.

    At the 3rd Joint Chamber Meet-Up organised by Canada-Bangladesh Chamber of Commerce and Industry and

    Bangladesh Investment Development Authority at the Four Points Hotel in capital Dhaka, businesses said that good

    governance and business-friendly public service were also crucial for trade and investment.

    ‘Running business is not easy in Bangladesh,’ Stephane Norde, managing director of Nestle, said.

    He said that poor road connectivity, inefficiency of ports and shortage of energy were the key challenges for running

    business in Bangladesh.

    ‘The investment horizon is very long in Bangladesh. Electricity, gas and tax-related problems are the prime

    challenges for running business in the country,’ Shadab Ahmed Khan, managing director of Coca-Cola, said.

    Michael Foley, chief executive officer of Grameenphone, said that unpredictable tax policy was one of the major

    constraints for encouraging FDI in Bangladesh.

    Shafiul Islam Mohiuddin, president of the Federation of Bangladesh Chambers of Commerce and Industry, said that

    after a long debate with the private sector the Board of Revenue had agreed to conduct the impact assessment of

    new VAT law.

    It is discriminatory that some of the foreign companies in Bangladesh pay more tax than the local companies do, he

    said.

    The FBCCI president said that ease of doing business, stable regulatory policy and tax policy reform were important

    for investment and the FBCCI was pushing the government for that.

    ‘At the end of the day we need investment. For investment, we need right business climate ant it is true we are still

    at the bottom in the index of doing business,’ BIDA executive chairman Kazi M Aminul Islam said.

    Bangladesh is one of the best places for investment among the developing countries and the country has potential to

    increase the GDP growth to double digit through ensuring ease of doing business, he said.

    Aminul said that the government had taken various initiative including enacting one-stop service act and its

    implementation rules to ease the doing business.

    He hoped that Bangladesh was transforming into a middle-income country and its economy would be $3 trillion by

    2041 with $15,000 per capita income.

    CanCham president Masud Rahman said that although BIDA cut down time for getting utility services, it needed

    further improvement for making it a full-fledged web-based system.

    He said that the government should reduce its dependency on quick rentals by implementing medium- and long-

    term plans in power and energy sectors.

    Switzerland-Bangladesh Chamber of Commerce and Industry president Nakib Khan and Spain-Bangladesh Chamber

    of Commerce and Industry president Nuria Lopez spoke, among others, at the event.

    Source: http://www.newagebd.net/article/25730/bureaucratic-tangles-unpredictable-tax-policy-constraints-for-

    attracting-fdi

    Aamra to start local assembly of handsets in Dec

    Local ICT service provider Aamra Holdings plans to start test production of smartphones in its assembly plant in the

    capital's Mirpur in the first week of December.

    The company has completed more than half of the plant's construction work and hopes to get it ready by December,

    said AM Ehasan-ul Haque, chief operation officer of the smart solutions division at Aamra Holdings Ltd.

    Commercial assembling will start in the middle of the last month in 2017 and exports from the plant will begin in the

    middle of next year, he said.

    Aamra initially targets assembling around 30 lakh 3G and 4G enabled mobile phones every year to meet the local

    demand, Haque said.

    http://www.newagebd.net/article/25730/bureaucratic-tangles-unpredictable-tax-policy-constraints-for-attracting-fdihttp://www.newagebd.net/article/25730/bureaucratic-tangles-unpredictable-tax-policy-constraints-for-attracting-fdi

  • 6 | P a g e

    “Currently, Aamra exports WE branded handsets to UAE and Doha directly from its Chinese factory and we are working

    to start exporting to Sri Lanka as well.”

    The company has already applied to the telecom regulator to get a certificate to start production in the semi

    knockdown assembling factory, said Sayed Farhan Ahmed, managing director of Aamra Companies, which owns Aamra

    Holdings.

    “We hope to obtain the certificate soon.”

    Aamra also aims to start using the Internet of Things in the first quarter of 2018, Haque said. “We will set up a modern

    testing lab and a certification system over there which will also be of international standards.”

    The government slashed customs duty for mobile components meant for local assembling by 36 percentage points to

    1 percent in the last budget, which has prompted Aamra to go for handsets assembling, he said. The government

    doubled the customs duty on handset imports to 10 percent, which also helped the local entrepreneurs to plan for

    setting up such plants in Bangladesh.

    Local brand Walton has already opened its handsets plant last week and market leader handset importer Symphony

    is also getting ready for domestic assembling.

    Aamra provides its clients with customised and integrated technology-based solutions and the company entered into

    handsets business with its little known brand WE in the first half of last year, Haque said.

    In 2016, about 3.1 crore handsets were imported, up 11 percent year-on-year, according to Bangladesh Mobile Phone

    Importers Association (BMPIA). The total value of the imports was about Tk 8,000 crore.

    However, Aamra could not make its place in the top six handset importing companies, each of which brings in 20 lakh

    sets a year, according to BMPIA report.

    Haque said his company has set a sales target of Tk 450 crore through handsets this year. Aamra is a pioneer in ATM

    technology in Bangladesh and it has installed more than 800 booths throughout the country.

    With over 70 percent market share, Aamra has installed over 11,000 credit card processing terminals in the country,

    according to its official website. The company also implemented the country's first data centre for private banks.

    Source: http://www.thedailystar.net/business/aamra-start-local-assembly-handsets-dec-1473559

    Seven banks fined for flouting stockmarket rules

    The central bank has fined seven banks for violating stockmarket rules by way of miss-reporting on share investment

    and over-exposure.

    The seven banks were penalised over Tk 15 lakh in total, confirmed a senior executive of the Bangladesh Bank.

    The central bank took the decision last week based on the banks' stock exposure of August, he said.

    Last month, the BB carried out investigations over the banks' stockmarket activities following the recent upward trends

    in share prices of the banking sector.

    Market capitalisation of the listed 30 banks rose 57 percent to Tk 76,146 crore as of last Thursday from Tk 48,406 crore

    in December last year, Dhaka Stock Exchange data showed.

    The central bank is now investigating the stock activities of another eight banks, while five more banks are also being

    treated with suspicion and they will come under the probe very soon, according to the central bank's decision.

    http://www.thedailystar.net/business/aamra-start-local-assembly-handsets-dec-1473559

  • 7 | P a g e

    The BB probe found that the banks invested in the stocks by way of providing loans to their subsidiaries but did not

    report to the regulator. Some banks invested in stocks exceeding their exposure limit and some invested further

    despite having overexposure already.

    The overexposure of banks was one of the leading causes for market debacle in 2010 when lenders were allowed to

    invest 10 percent of their liabilities. Later, the Banking Company Act was amended curbing banks' exposure to stocks,

    by tagging the allowable investment limit to capital instead of liabilities.

    Banks are now allowed to invest 25 percent of their capital in stocks, according to the Banking Company Act 2013.

    The average exposure of the banking sector remained at 20 percent of their capital as of August, according to the

    central bank data. The BB observed that the price indices of the stockmarket are moving based on bank stocks as huge

    number of shares change hands.

    Bank shares have been dominating the turnover chart for several months.

    Though the direct exposure to the stockmarket remained within the permissible limit, banks are increasing their

    indirect investment through loans as the banking sector is awash with excess liquidity, said a senior executive of a

    private bank.

    Total loan portfolio to the stock-market stood at Tk 7,600 crore at the end of 2016, according to BB data. Of the

    amount, 53 percent came from banks and the rest from non-bank financial institutions. Banks invested Tk 2,130 crore

    through merchant banks and Tk 1,900 crore through other instruments last year.

    Non-banks lent Tk 2,330 crore through merchant banks and Tk 1,270 crore as margin loans, according to BB data.

    Source: http://www.thedailystar.net/business/seven-banks-fined-flouting-stockmarket-rules-1473529

    Engage local firms to study impact of new VAT law

    Businesses and economists yesterday suggested that the revenue authority engage local research firms to carry out

    an independent study on the new VAT law's impact on various trade and industrial sectors after it comes into effect.

    “We want an independent study to know the impact. It should not favour the business community. It should not favour

    non-compliant firms,” Md Shafiul Islam Mohiuddin, president of the Federation of Bangladesh Chambers of Commerce

    and Industry, told a meeting at the Institution of Diploma Engineers, Bangladesh .

    The National Board of Revenue organised the meeting to exchange views with businesses and researchers on its latest

    bid to conduct an impact analysis on the VAT and Supplementary Duty Act 2012.

    The implementation of the much-talked law, which was scheduled to come into force from July this year, was deferred

    by two years to July 2019 in the face of opposition from businesses.

    The concern was that various sectors, particularly small businesses, would be affected owing to application of a single

    and uniform VAT rate while doing away with multiple rates under the present VAT Act 1991.

    Businesses had been demanding that the government conduct a study before enforcing the new law, framed at the

    prescription of the International Monetary Fund.

    The NBR said the new law was formulated as the existing one suffered from various limitations and failed to capture

    all the economic activities, which should be brought under the revenue system to accelerate collections and reduce

    dependence on external financing.

    Mohiuddin said the World Bank and the IMF were donors and their prescription should be viewed keeping in mind

    domestic realities.

    http://www.thedailystar.net/business/seven-banks-fined-flouting-stockmarket-rules-1473529

  • 8 | P a g e

    He said many meetings took place in the past. “Let us not look back at the hiccups we had had. Let us go forward

    together,” he said.

    “We have to take the socio-economic condition and reality into cognisance,” said Sheikh Fazle Fahim, first vice-

    president of the FBCCI.

    He said Bangladeshi research firms should conduct the study as they know the country's reality better than their

    foreign counterparts.

    Khondaker Golam Moazzem, research director of the Centre for Policy Dialogue, said policymakers should focus on

    establishing a modern VAT system, not merely emphasising on a goal of increasing revenue collection.

    Citing implementation of the Goods and Services Tax by India, he said small entrepreneurs have started facing

    problems with it. “It is a good experience for us,” he said.

    Moazzem suggested for a sector-based study involving all stakeholders.

    Jamaluddin Ahmed, general secretary of the Bangladesh Economic Association, recommended involving business

    chambers, professional business bodies and government agencies to reach consensus on the total number of

    taxpaying companies, firms and individuals.

    Ahsan H Mansur, executive director of the Policy Research Institute of Bangladesh, said regulatory impact assessment

    was conducted in advanced economies before any implementation.

    “This is not done in Bangladesh. Unless we hold discussions, the NBR will have to face resistance again ahead of the

    implementation of the law,” he said.

    Mansur recommended keeping reduced VAT rates for the service sector, where the rate of value addition was less and

    the extent of non-compliance was high.

    “There should be automation (for the VAT system under the existing law). It should not be implemented from the

    perspective of the 2012 law,” he said.

    NBR Chairman Md Nojibur Rahman proposed a consortium of researchers from autonomous bodies such as the

    Bangladesh Institute of Development Studies, the University of Dhaka and private research organisations and business

    chambers.

    The NBR can form a review group and place the findings to the top policymakers, he said.

    Source: http://www.thedailystar.net/business/engage-local-firms-study-impact-new-vat-law-1473523

    BIDA to recruit private sector professionals

    Bangladesh Investment Development Authority (BIDA) will recruit half of its manpower from the private sector to

    become more business-friendly, its chief said yesterday.

    Private sector businesspersons are unhappy with the services of the business and investment promotion body, which

    is currently run by public servants, and have been urging BIDA to incorporate private sector professionals to expedite

    service delivery.

    “BIDA started its journey a year ago. We will launch one-stop service to help the businessmen,” said Kazi M Aminul

    Islam, executive chairman of BIDA, at a meeting of bilateral chambers at a city hotel.

    Canada-Bangladesh Chamber of Commerce and Industry (CanCham) organised the the meet-up, which was attended

    by chamber leaders, government high-ups, businesspeople, exporters, manufacturers, importers and entrepreneurs.

    http://www.thedailystar.net/business/engage-local-firms-study-impact-new-vat-law-1473523

  • 9 | P a g e

    “Running business in this country is not simple. We have to be pragmatic. We need roads and ports. Special economic

    zones will help businesses,” said Stéphane Nordé, managing director of Nestlé Bangladesh Ltd.

    Nuria Lopez, president of Spain-Bangladesh Chamber of Commerce and Industry, said: “Bangladesh is not really

    following the open policy like Singapore. Doing business in Bangladesh is very difficult. It costs $4,000 to send a

    container of goods to the EU from Bangladesh whereas the cost is $2,000 from Myanmar.”

    “The supply situation of gas did not improve. However, the government has been imposing more taxes on a small

    bunch of compliant companies without expanding the base of taxation,” said Shadab Ahmed Khan, managing director

    of Coca-Cola Bangladesh.

    “We need stable regulatory and policy support from the government for the growth of business,” said Shafiul Islam

    Mohiuddin, president of the Federation of Bangladesh Chambers of Commerce and Industry.

    The main challenges of business in Bangladesh are a shortage of quality power supply at affordable prices,

    infrastructure bottlenecks, traffic congestion in cities, inefficient ports and airports, a shortage of need-based

    educated, trained and technical manpower and effective regulatory reforms, said Masud Rahman, president of

    CanCham.

    He suggested introduction of one-stop service at BIDA, quick implementation of SEZ projects, reduction of the

    dependency on quick rental power plants, efficient operation of the Chittagong port and airport in Dhaka and

    development of the tourism industry.

    While presenting a paper on “the secrets of Singapore's amazing success and lessons for Bangladesh”, Sazzadul Hassan,

    managing director of Syngenta Bangladesh, stressed the need for strengthening the institutional capacity of BIDA. He

    also called for good governance and private sector-friendly policies.

    The government should put priority on sectors like textiles and garment, ICT and software, pharmaceuticals, agro-

    processing, leather and leather goods, tourism, fisheries, power and renewable energy, he said. Salahuddin Kasem

    Khan, president of Japan-Bangladesh Chamber of Commerce and Industry, moderated the function.

    Source: http://www.thedailystar.net/business/bida-recruit-private-sector-professionals-1473520

    অর্থনীতির গতি প্রতিফতিি হয় তিল্প -াকর কনকর তন।য়কগত ।েত্র চর িকর রন াখকাক যকয় কাতরর খকজক।র িরুণ জন।গকষ্ঠীর অন্তর্ভথ তি।িত্র াে।ি ার্থসংস্থকন তন।য়

    তিন প।খথর ধকরকখকতহা প্রতি।খেন পর্ব২-

    অর্থননতিা প্রখৃতি, র্কর্কতপছভ চয় খৃতি, স্বকস্থয ও তিক্ষক— সখ সূ ।াই উন্নতি।ি খকংিক।েিত্র যতেও ার্থসংস্থকন সম্প্রসকর।ণ িক াক।জ চস।ছ নকত্র িরুণ।ের

    ার্থসংস্থক।নর সভ।যকগ খরং ার্।ছত্র ার্থসংস্থক।নর সভ।যক।গর এ ঘকটতি।ি তনষ্প্রর্ হ।য় পড়।ছ িরুণ শ্রর্িতির খড় এাটি অংিত্র

    খকংিক।ে।ির শ্রর্খকজক।রর প্রাৃি ত ে িভ ।ি চন।ি সম্প্রতি এ তন।য় এাটি গ।খষণক া।র।ছ তখশ্বখযকংাত্র খকংিক।েি পতরসং যকন খভয।রকর (তখতখএস )শ্রর্িতি জতর।পর

    উপকত্ত তখ।েষণ া।র সংস্থকটি খি।ছ, ২০০৩ ার্।া ২০১০ সকি পযথন্ত খকংিক।ে।ি ার্থসংস্থক।নর হকর াখ।ড়তছি খকতষথা ৩ েিতর্া ১ িিকংি হক।র, যক ওই সর্।য়

    ার্থক্ষর্ জনসং যক খৃতির হক।রর া ।য়ও াখতিত্র ২০০৩ ার্।া ২০১০ সকি পযথন্ত াে।ি ার্থক্ষর্ র্কনভষ াখ।ড়তছি ২ েিতর্া ৫ িিকংি হক।রত্র অর্থকত্ শ্রর্খকজক।র

    যভি হওয়ক িরুণ।ের পকিকপকতি াখাকর।ের ার্থসংস্থক।নর সভ।যকগও তিতর হ।য়তছি ওই সর্য়ত্র এর পর ার্।া ার্থসংস্থক।নর হকর ের্ হ।য় প।ড়ত্র ২০১০ ার্।া

    ২০১৬ সকি পযথন্ত ার্থক্ষর্ জনসং যক খৃতির হক।ররও তন। ান।র্ চ।স ার্থসংস্থকন প্রখৃতিত্র এ সর্য় ার্থসংস্থকন াখ।ড়।ছ খকতষথা র্কে ১ েিতর্া ৮ িিকংি হক।রত্র

    ২০১০ ার্।া ২০১৬ সকি পযথন্ত ৩০ ার্।া ৬৪ খছর খয়সী।ের র্।ধয াখাকর।ের হকর চ।গর র্।িকই খক াক্ষেতখ।ি।ষ া।র্।ছত্র তান্তু িরুণ।ের র্।ধয এ সর্।য়

    াখাকর।ের হকর াখ।ড়।ছত্র অর্থকত্ া।য়া খছর ধ।র ার্থস্থক।নর সভ।যকগ া।র্ যকওয়কর সখ। ।য় খড় প্রর্কখ প।ড়।ছ িরুণ।ের ওপরত্র উচ্চপ্রখৃতির র্।ধযও িরুণ।ের

    ার্থসংস্থক।নর সভ।যকগ ার্কর এ প্রখণিক।া উ।েগ তহ।স।খ াে ।ছ তখশ্বখযকংাত্র

    তখতখএ।সর শ্রর্িতি জতরপ ২০১৩ অনভযকয়ী, ওই সর্।য় া।র্থ তন।য়কতজি তছি ২ াাকটি ১৪ িক ৬৫ হকজকর িরুণত্র শ্রর্িতি জতরপ ২০১৫ -১৬াি এ সংত যক ান।র্

    এ।স।ছ ১ াাকটি ৮৯ িক ৮৯ হকজক।রত্র ার্থক্ষর্ িরুণ।ের র্।ধয াখাকর।ের হকরও াখ।ড়।ছ এ সর্য়ত্র ২০১৩ সক।ি ার্থক্ষর্ িরুণ।ের র্।ধয াখাকর তছি ৮ েিতর্া

    ১ িিকংিত্র ২০১৫ -১৬ সক।ি িরুণ।ের র্।ধয াখাকর।ের হকর াখ।ড় হ।য়।ছ ৮ েিতর্া ৬৯ িিকংিত্র াখাকর।ের হকর চখকর উচ্চতিতক্ষি ি রুণ।ের র্।ধয াখতিত্র

    উচ্চতিতক্ষি িরুণ।ের ১২ েিতর্া ১ িিকংি াখাকরত্র

    http://www.thedailystar.net/business/bida-recruit-private-sector-professionals-1473520

  • 10 | P a g e

    ার্থসংস্থক।নর সভ।যকগ ভখ এাটক নক খকড়।িও িক া।র্তন খ।ি েকতখ া।রন পতরাল্পনকর্ন্ত্রী চ হ র্ র্ভস্তফক াকর্কিত্র খতণা খকিথ ক।া তিতন খ।িন, ার্থসংস্থক।নর সভ।যকগ

    ভখ াখতি খকড়ক।ি াপ।রতছ, িক খিক যক।খ নকত্র াপকিকা ক।ির ার্থসংস্থক।নর সভ।যকগ খৃতির সম্ভকখনক র্কা।িও িক হ।ে নকত্র অনযকনয কিও িিটক শ্রর্ঘন নয়ত্র

    চর্ক।ের িরুণরক াৃতষ ার্থসংস্থক।ন যক।ে নকত্র ি।খ াযটভ কু ার্থসংস্থকন হওয়কর ার্ক, াসটক চর্রক ার।ি াপ।রতছত্র

    ার্থসংস্থকন খকড়ক।নকর নকনক উ।েযক।গর ার্ক জকতন।য় পতরাল্পনকর্ন্ত্রী খ।িন, উ।েযকিক তিতরর খযখস্থক চ।ছ চর্ক।েরত্র অ।ন।া এ ন াসখক কি, ক্ষভ দ্র -র্কাকতরসহ

    তখতর্ন্ন তিং।াজ তি।ল্প তন।জর াক।জর সভ।যকগ তিতর া।র তন।েত্র এাই স। অ।নযর াক।জরও সভ।যকগ সৃতজ ার।ছত্র খছ।র ২০ িক া।র গি পকচ খছ।র প্রকয় এা

    াাকটি র্কনভ।ষর ার্থসংস্থক।নর সভ।যকগ সৃতজ হায়।ছত্র ার্থসংস্থক।নর সভ।যকগ াখ।ড়।ছ তখ।েতিা শ্রর্খকজক।রওত্র

    জকনক াগ।ছ, াে।ির সখ। ।য় শ্রর্ঘন াপকিকা তি।ল্প গি তিন খছ।র প্রকয় ১ হকজকর ২০০ াকর কনক খন্ধ হ।য়।ছত্র এ।ি ার্থসংস্থকন হকতর।য়।ছ তখপভি সং যা শ্রতর্া,

    যকর খড় অংিই িরুণত্র ার্থসংস্থকন হ্রক।সর ত ে াে ক াগ।ছ খহুজকতিা াাকম্পকতন।িওত্র খকংিক।েি ার্।া খযখসক গুটি।য় ানয়কর াঘকষণকয় াির্রন খকংিক।ে।ির

    অ।ন।াই কাতর হকতর।য়।ছত্র াটতিার্ াসখক ক।ির খহুজকতিা প্রতিষ্ঠক।নরও সহস্রকতধা িরুণ ার্থসংস্থকন হকতর।য়।ছ গি া।য়া খছ।রত্র

    জকন।ি কই।ি খকংিক।েি এর্প্লয়কসথ াফডক।রি।নর সর্কপতি াকর্রকন টি া ৌধভ তর খ।িন, চর্ক।ের শ্রর্িতি।ি প্রতি খছর যভি হ।ে ১৮ -২০ িক জন।গকষ্ঠীত্র তান্তু

    সখকর জনয ার্থসংস্থকন াে।ি ার।ি পকরতছ নকত্র তখতর্ন্ন াকর।ণ চর্ক।ের াে।ি তখপভিসং যা ার্থসংস্থক।নর সভ।যকগ তিতর হ।ে নকত্র চর্ক।ের চবকরএর্প্লয়।র্্ও

    অ।না াখতিত্র সকতখথার্ক।খ েক্ষিকর ঘকটতি র।য়।ছত্র চখকর েক্ষিক খৃতির অখাকঠক।র্ক ও ার্থসূত ও াির্ন উ।ে ।যকগয নয়ত্র সরাকর তখষয়টি তখ।খ নকয় তন।য়

    প্রতিক্ষ।ণর উ।েযকগ তন।য়।ছত্র এসখ উ।েযকগ চ।রক াজকরেক।রর র্কধয।র্ িরুণসহ াগকটক শ্রর্িতির ার্থসংস্থক।নর সভ।যকগ তিতর সম্ভখ হ।খ খ।ি চতর্ র্।ন াতরত্র

    তিল্পসংতেজরক খি।ছন, িরুণ।ের জনয শ্রর্খকজক।র াির্ন াাক।নক চিক াে ক যক।ে নকত্র াকরণ তিল্প এাটি রূপকন্তর প্রতিয়কর র্ধয তে।য় যক।েত্র িকই ার্থসংস্থক।ন

    সং যকগি উেম্ফন ানইত্র এছকড়ক অখাকঠক।র্কগি দুখথিিকর াকর।ণ অনযকনয তিল্পও উ।ে ।যকগয হক।র খকড়।ছ নকত্র ফ।ি তিল্পতনর্থ রিক ি।র্ই খকড়।ি র্কা।িও

    াস ক।ন ার্থসংস্থক।ন অ।নাটক স্থতখরিক তখরকজ ার।ছত্র

    এ তখষ।য় খযখসকয়ী।ের সংগঠন াফডক।রিন অখ খকংিক।েি া ম্বকরস অখ ার্কসথ অযকব ইবকতির (এফতখতসতসচই )সর্কপতি সতফউি ইসিকর্ র্তহউত ন খ।িন ,

    ধকরকখকতহা তখাকি তি।ল্পর স্বকর্কতখা তনয়র্ হ।িও অখাকঠক।র্কগি দুখথিিকয় খিথ র্ক।ন এ।ি তাছভ টক স্থতখরিক তখরকজ ার।ছত্র এর প্রর্কখ াে ক যক।ে ার্থসংস্থক।ন

    Source: http://bonikbarta.net/bangla/news/2017-10-09/134126/

    খকংিক।েি াটতিাতর্উতন।ািনস াাকম্পকতন তিতর্।ট।ডর (তখটিতসএি )াক।ছ ৮৩ াাকটি টকাকর াখতি পকওনক র।য়।ছ খকংিক।েি সকখ।র্তরন াাখি াাকম্পকতন

    তিতর্।ট।ডর (তখএসতসতসএি)ত্র তিন খছ।ররও াখতি সর্য় ধ।র অনকেকয়ী র্কাকয় এ অর্থ াফরি পকওয়ক তন।য় সংিয় প্রাকি া।র।ছ তখএসতসতসএ।ির তনরীক্ষা এর্

    াজ চ।খেীন অযাকব াাকম্পকতনত্র ি।খ াাকম্পকতনর ার্থািথ করক খি।ছন তনরীক্ষা চপতত্ত খক সংিয় প্রাকি ার।িও সরাক।রর অনয াাকম্পকতনটির াকছ ার্।া অর্থ

    াফরি পকওনক তন।য় িক।ের াাক।নক সংিয় ানইত্র

    সখথ।িষ সর্কপ্ত ২০১৬ -১৭ তহসকখ খছ।রর তনরীতক্ষি চতর্থা প্রতি।খে।ন সকখ।র্তরন াাখ।ির তনরীক্ষা িকর র্িকর্ াি উ।ে া।র।ছন, তখটিতসএ।ির াক।ছ

    তখএসতসতসএ।ির পকওনকর পতরর্কণ ৮৩ াাকটি ৬৭ িক ৮২ হকজকর ২০২ টকাকত্র এ অর্থ চেক।য়র তখষ।য় সংিয় র্কা।িও াাকম্পকতনটি এর তখপরী।ি র্কে ৭ াাকটি

    ৫৩ িক ১০ হকজকর ৩৯৮ টকাক সতিতি ার। ।ছত্র

    তনরীক্ষ।ার চপতত্তর তখষ।য় জকন।ি কই।ি তখএসতসতসএ।ির াাকম্পকতন সত খ ার্ক .চেভস সকিকর্ কন খতণা খকিথ ক।া খ।িন , তনরীক্ষা তখষয়টি যর্কযর্র্ক।খ

    উপস্থকপন া।রনতনত্র গি খছরও এাই তনরীক্ষা তছ।িন তান্তু াস সর্য় তিতন াাক।নক র্িকর্ি ােনতনত্র সম্ভখি চর্রক এ পকওনকর তখষ।য় তনরীক্ষা।া াখকাক।ি

    খযর্থ হ।য়তছ, ায াকর।ণই এর্নটক হ।য়।ছত্র

    তিতন চ।রক খ।িন, তখটিতসএ।ির াক।ছ চর্ক।ের পকওনকর টকাক চেকয় তন।য় তনরীক্ষা সংিয় প্রাকি ার।িও এ তন।য় চর্ক।ের াাক।নক সংিয় ানইত্র াকরণ

    তখটিতসএি ও তখএসতসতসএি দু।টকই সরাকতর াাকম্পকতনত্র দুই াাকম্পকতনর া য়করর্যকনও এাই খযতিত্র পকওনক অর্থ চেক।য়র তখষ।য় তখটিতসএ।ির স। চর্ক।ের

    সর্ন্ব।য়র প্রতিয়ক অখযকহি র।য়।ছত্র এ তন।য় এাটি াতর্টি ারক হ।য়।ছত্র িকরক তখষয়টি তন।য় াকজ ার।ছনত্র

    অনযতে।া, তখএসতসতসএ।ির তনরীক্ষক প্রতিষ্ঠকন এর্ াজ চ।খেীন অযকব াাকম্পকতনর পকটথ নকর াকর্রুি চ।খেী।নর স। াযকগক।যকগ ারক হ।ি তিতন খ।িন, তনরীক্ষক

    াকযথির্ পতর কিনকাক।ি চর্রক যক যক াে। তছ, তহসকখর্কন সর্ভন্নি রক কর স্বক।র্থ াসটিই িভ ।ি ধরক হ।য়।ছত্র তিন খছর ধ।র পকওনক অর্থ চেক।য়র তখষয়টি াভ ।ি

    র্কা।িও এর াাক।নক সভরকহক হয়তনত্র গি খছর াাকম্পকতন জকতন।য়তছি এ টকাক চেকয় হ।য় যক।খ, এ াকর।ণ াস সর্য় চতর্থা প্রতি।খে।ন চর্রক এ তখষ।য় াাক।নক

    সংিয় খক চপতত্ত প্রাকি াতরতনত্র তান্তু এ খছ।র এ।স াে ক াগ।ছ, াস অর্থ এ ।নক অনকেকয়ী র।য় াগ।ছত্র এর্নতা তখএসতসতসএ।ির াক।ছ ায তখটিতসএ।ির ােনক

    র।য়।ছ, িকর াাক।নক েকতিতিা প্রর্কণও চর্রক পকইতনত্র িকই অর্থ চেক।য়র তখষ।য় চর্রক সংিয় প্রাকি া।রতছত্র

    http://bonikbarta.net/bangla/news/2017-10-09/134126/

  • 11 | P a g e

    ২০১৬ -১৭ তহসকখ খছ।রর চতর্থা প্রতি।খে।ন াে ক যকয় , তখতর্ন্ন প্রতিষ্ঠক।নর াক।ছ সকখ।র্তরন াাখ।ির ার্কট ােনকর পতরর্কণ ১৩৭ াাকটি ৪৯ িক টকাকয়

    েকচ তড়।য়।ছ, যক গি খছ।রর এাই সর্।য় তছি ১১০ াাকটি ৯৪ িক টকাকত্র ৩০ জভন সর্কপ্ত ২০১৬ -১৭ তহসকখ খছ।র প্রকয় ৩৩ াাকটি টকাকর ার -পরখিী র্ভনকফক

    হ।য়।ছ হ।য়।ছ সরাক।রর াটতি।যকগক।যকগ াাকম্পকতনটির, চ।গর খছর যক তছি ১৬ াাকটি ৫৫ িক টকাকত্র

    সখথ।িষ তহসকখ খছ।র তখএসতসতসএ।ির পতর কিনক পষথে তখতন।য়কগাকরী।ের জনয ১২ িিকংি নগে ির্যকংি ােয়কর সভপকতরি া।র।ছত্র এ সর্।য় াাকম্পকতনর

    ািয়করপ্রতি চয় (ইতপএস )হ।য়।ছ ১ টকাক ৯৩ পয়সক , চ।গর খছর যক তছি ১ টকাকত্র ৩০ জভন ািয়করপ্রতি তনট সম্পে (এনএতর্তপএস )েকচ ড়ক য় ৩৬ টকাক ৪৪

    পয়সক, ২০১৬ সক।ির ৩০ জভন যক তছি ৩৩ টকাক ৯৫ পয়সকত্র ািয়করপ্রতি তনট নগে প্রখকহ (এনওতসএফএস )েকচ তড়।য়।ছ ১ টকাক ২০ পয়সক , চ।গর খছর যক তছি ১

    টকাক ৭৬ পয়সকত্র

    প্রস ি, ২০১২ সক।ি ািয়করখকজক।র িকতিাকর্ভ ি তখএসতসতসএ।ির অনভ।র্কতেি রূ্িধন ১ হকজকর াাকটি ও পতর।িকতধি রূ্িধন ১৬৪ াাকটি ৯০ িক ৬০ হকজকর

    টকাকত্র াাকম্পকতনর তরজকর্থ চ।ছ ৩২২ াাকটি ৬৮ িক টকাকত্র ার্কট ািয়কর ১৬ াাকটি ৪৯ িক ৫ হকজকর ৫১০টিত্র এর র্।ধয খকংিক।েি সরাক।রর াক।ছ ৭৩ েিতর্া

    ৮৪ িিকংি, প্রকতিষ্ঠকতনা তখতন।য়কগাকরী ১২ েিতর্া ৩৬, তখ।েিী তখতন।য়কগাকরী ২ েিতর্া িূনয ১ ও সকধকরণ তখতন।য়কগাকরী।ের হক।ি র।য়।ছ খকতা ১১ েিতর্া

    ৭৯ িিকংি ািয়কর

    Source: http://bonikbarta.net/bangla/news/2017-10-09/134083/

    International News Global firms join rush to bet on Indonesia as next start-up frontier

    Big-name investors including Expedia and Alibaba are pumping billions of dollars into Indonesian tech start-ups in a

    bid to capitalise on the country's burgeoning digital economy and potential as Southeast Asia's largest online market.

    Indonesia has seen a surge of cash into its technology sector over the past two years, helping support dozens of

    homegrown start-ups ranging from ride hailing apps to e-commerce firms.

    And with a population of more than 250 million, a swelling middle class and growing availability of cheap mobile

    devices, firms from across the world are piling in.

    "We believe that Indonesia is poised for a huge leap forward for its digital economy, following China's growth and

    becoming the leading tech destination in the Southeast Asia region," Adrian Li, a partner in Jakarta-based Convergence

    Ventures, told AFP.

    Last year $631 million in disclosed venture capital was ploughed into the country, according to research firm CB

    Insights, up from $31 million in 2015.

    But that figure has already been shattered in 2017, with $3 billion worth of deals clinched as of September 2017, said

    Meghna Rao, a tech industry analyst at the firm.

    Tokopedia -- a marketplace that allows users to set up online shops and handles transactions -- won $1.1 billion in

    capital from China's Alibaba in August.

    Motorbike on-demand service Go-Jek secured $1.2 billion from Chinese tech giants JD.com and Tencent Holdings in

    May, according to data from Crunchbase. In another sign of confidence, Koison became Indonesia's first e-commerce

    service to go public in October.

    "While it's too soon to say that this investment is indicative of a larger pattern of Indonesian startups pulling in many

    big ticket investors, it is part of a growing clutch of mega-rounds," Rao said.

    Internet use is growing faster in Southeast Asia than any other region in the world, with 124,000 users coming online

    every day over the next five years, according to a 2016 report from Google and Singapore's Temasek Holdings.

    http://bonikbarta.net/bangla/news/2017-10-09/134083/

  • 12 | P a g e

    By 2020 an estimated 480 million people are expected to be connected to the internet, up from 260 million in the

    region last year.

    Indonesia's mobile-first market will comprise more than half of Southeast Asia's e-commerce market by 2025, with an

    estimated value of $46 billion, the Google report said.

    "When you do startup business in Malaysia, Singapore, Thailand and Indonesia, the cost, effort and time that you

    spend is almost even. But when you go to Indonesia (growth) is unlimited -- the market is so big," said Willson Cuaca,

    whose venture capital firm East Ventures specialises in early-stage investments.

    As a result, big names like US venture capitalist Sequoia Capital, Japan's Rakuten Ventures and travel company Expedia

    -- as well as Chinese tech giants -- have all made investments in the country.

    Source: http://www.thedailystar.net/business/global-firms-join-rush-bet-indonesia-next-start-frontier-1473514

    Qatar orders aid to private sector businesses as sanctions hurt economy

    Qatar's government announced measures to help private sector businesses on Saturday after its economy was hurt

    by sanctions imposed by other Arab states.

    Prime Minister Sheikh Abdullah bin Nasser bin Khalifa Al-Thani decided to cut rents paid by companies in Qatar's

    logistics zones in half during 2018 and 2019, official news agency QNA reported.

    New investors in the zones will be completely exempt from paying rents for a year if they obtain building permits by

    certain deadlines. Qatar Development Bank, a state-founded body which lends to firms, will postpone receiving loan

    installments for up to six months to facilitate industrial sector projects.

    Sheikh Abdullah also told all ministries and government departments to increase their procurement of local products

    to 100 percent from 30 percent, if the local products meet necessary specifications and the purchases obey tender

    rules.

    Qatar's economy expanded just 0.6 percent from a year earlier in the April-June quarter, its slowest growth since the

    2009-2010 global financial crisis, after Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic and

    transport ties on June 5.

    The four states accuse Doha of supporting terrorism, which Doha denies. The sanctions triggered a pull-out of deposits

    by Gulf states from Qatari banks, deepened a slump in real estate prices and caused a plunge of 18 percent in the stock

    market.

    Source: http://www.thedailystar.net/business/qatar-orders-aid-private-sector-businesses-sanctions-hurt-economy-

    1473508

    http://www.thedailystar.net/business/global-firms-join-rush-bet-indonesia-next-start-frontier-1473514http://www.thedailystar.net/business/qatar-orders-aid-private-sector-businesses-sanctions-hurt-economy-1473508http://www.thedailystar.net/business/qatar-orders-aid-private-sector-businesses-sanctions-hurt-economy-1473508