Dhaka, Bangladesh (BBN) - The BBN has prepared the morning business round up compiling reports, published by different newspapers and news portals in Bangladesh.
Export more to India to reduce trade gap: Saran
Bangladeshi businesses should export more to the Indian market of 1.2 billion people to narrow the huge bilateral trade gap between the countries, Indian High Commissioner Pankaj Saran said yesterday. Bangladeshi company Pran has shown that India could be a big market for Bangladeshi businessmen as the food processing company has been performing very well in the Indian market, he said. “Pran plans to open office in every state of India to do more business,” Saran said.
Govt sits today to discuss AML strategies
The government will sit today (Tuesday) to discuss necessary strategies for pursuing the country's ongoing anti-money laundering (AML) and anti-terrorist financing efforts, officials said. One of the key agendas of the meeting is to review the progress on the third round mutual evaluation set by the Asia/Pacific Group.
All set for BGMEA leadership selection without elections
No candidates outside the two panels of the BGMEA which reached consensus over sharing posts submitted nomination papers on Monday, the last day of submitting nomination papers, to vie for the posts of director in the election of the trade body. A total of 38 candidates from the two panels–– Sammilita Parishad and Forum –– submitted nomination papers to the election board of the Bangladesh Garment Manufacturers and Exporters Association against 35 posts of director for the next two years term.
Bangladesh’s stocks end higher
Bangladesh’s stocks ended higher for the third straight session on Monday with turnover remained strong as investors went for buying spree amid optimism. The market opened with a higher note and the upturn sustained throughout the session. DSEX, the prime index of the Dhaka Stock Exchange (DSE), soared 60.52 points or 1.26 percent to settle at 4,862.55. The DS30 index, comprising blue chips, rose 15.60 points or 0.82 percent to finish at 1,901.50. The DSE Shariah Index (DSES) gained 10.40 points or 0.87 percent to end at 1,203.12.
BGMEA voters unhappy over uncontested election
As the BGMEA election is almost set to be an uncontested race with submission of limited number of nominations, general members lament they will be deprived of voting rights. In an alleged consensus, two panels – Sammilito Parishad and Forum – submitted 38 nomination papers against 35 posts of directors, leaving a very little chance for any contest in the election. Yesterday was the last day of submission of nomination papers.
July remittances down as post-Eid flow slows
The flow of inward remittance showed a downward trend in July, the first month of the current fiscal year (FY), 2015-16, after celebration of the Eid-ul-Fitr festival, officials said on Monday. Bangladeshi nationals working abroad sent US$ 1.39 billion in July. The amount was lower by $52.29 million than the remittance earned in the previous month. In June, the remittance was $1.44 billion, according to the central bank's latest statistics, released on Monday.
Tipster jailed for 2 years for stock manipulation
The Special Tribunal on stock market on Monday sentenced stock tipster Mahbub Sarwar to imprisonment for two years on charge of manipulating share prices during the 2007-10 stock market bubble. The judge of the tribunal, Humayun Kabir Manik, pronounced the maiden verdict in a stock market manipulation case in presence of Mahbub. Mahbub used about 10 Facebook pages and blog accounts for giving tips on prices of different stocks to a large number of investors during the market bubble, commission’s lawyer Hasibur Rahman told New Age after the verdict.
Most life insurers overshoot spending limits
Some 28 of the 31 life insurers breached their respective limits on expenses last year, according to the Insurance Development and Regulatory Authority or IDRA. In 2013, only Metlife spent within the limits, but in 2014, two local insurers -- Meghna Life and Rupali Life -- have joined the foreign insurer to put brakes on their expenses. IDRA has now decided to hire an external auditor to examine the expenses of life insurance companies before taking stringent actions against the violators.
BBN/SSR/AD