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.
Muhith to sit with BB authorities today
Finance Minister AMA Muhith is likely to talk about the Bangladesh Bank fire and heist at a Bank Division meeting today. He is likely to come up with directives to recover image of central bank after the two incidents, said official sources. The meeting will seek solutions to the present crises in the country’s central bank. There are fears that the declining image of the central bank may impact on economic indicators. High officials including home minister, central bank governor and attorney general will attend the meeting.
Transactions of high-value cheques with banks boom
High-value cheque transactions with Bangladesh’s banking system have increased significantly, driven by big turnovers of corporate bodies, sources said. Such banking bonanza, from economic point of view, reflects a growing momentum in the economy. The number of such hefty cheque transactions, valued Tk 0.5 million and above, marked nearly a twofold increase in five years to 1.9 million in the last fiscal year. It was over 1.0 million in fiscal year 2012.
MFS accounts soar amid cuts in transaction limits
The number of mobile financial service (MFS) accounts marked a drastic rise in February after the central bank lowered the transaction ceiling. Active mobile money accounts soared 44.85 percent to 2.39 crore in February compared to the previous month, but the total transaction value dropped 11.42 percent. The number of total registered accounts increased 18.89 percent to 4.99 crore in the month, according to a Bangladesh Bank report on MFS.
EU calls for single labour law for all workers
The European Union yesterday called for a single labour law for all workers of Bangladesh — including those employed at factories housed inside the export processing zones. Arne Lietz, a member of the European Parliament, made the demand at a press conference after a meeting with the leaders of the Bangladesh Garment Manufacturers and Exporters Association at the capital’s Westin Hotel.
Bangladesh’s DSEX dips below 5,700-mark amid low turnover
Bangladesh’s stocks finished lower on Monday, with key index of the major bourse dipping below 5,700-mark, as investors went on selling spree. Analysts said the market ended lower with turnover hitting seven weeks low as cautious investors went on selling spree on some large-cap stocks. Both bourses – the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) closed lower amid low turnover. The market opened with a negative note and the key index of the Dhaka bourse fell 13.83 points within first 15 minutes of trading.
FBCCI to continue process for holding election until Thursday
The Supreme Court yesterday extended until Thursday its order that allowed the authorities concerned to continue the process for holding the elections of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI). The apex court also asked the FBCCI authorities to file a leave to appeal petition by March 30 against the High Court order that stayed the election process for two months. A three-member bench of the Appellate Division headed by Chief Justice Surendra Kumar Sinha passed the order after hearing a petition filed by the FBCCI authorities seeking stay on the HC order.
Transnational crime does $2.2t annual business: GFI
Transnational crime is doing a rewarding business valued US$1.6 trillion to $2.2 trillion per annum across the world, according to a new report released by Global Financial Integrity (GFI). The report, titled Transnational Crime and the Developing World, highlights that the combination of high profits and low risks for perpetrators of transnational crime and the support of a global shadow financial system perpetuate and drive these abuses.
Deal likely with India for essentials supply during Ramadan
The government has also planned to extend and expand border haats along the Bangladesh-India borders Bangladesh will sign a deal with India to get supplies of essential commodities especially during Ramadan when the demand suddenly surges. The government has also planned to extend and expand border haats along the Bangladesh-India borders. The Ministry of Commerce has prepared two memorandums of understanding on the matters to be signed during the upcoming visit of Prime Minister Sheikh Hasina to India, said officials.