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.
India offers bond, BD prefers bank guarantee
Delhi is bent on executing bond against goods to be transited through Chittagong and Mongla ports to the northeastern Indian states while Dhaka seeks bank guarantee, officials said. The tradeoff issue is under negotiations as the two sides are working on to finalise an agreement letting India use the two Bangladesh seaports for transiting goods to leapfrog a long haul on a rugged route, they added.
TIB submits draft gold policy to govt, suggests opening up import
Transparency International Bangladesh has placed a draft policy on gold trade to the government suggesting reduction of import duty, full opening of import in phases and bringing all gold traders under licence for ensuring discipline, transparency and accountability in the sector. It also suggested the government for offering legality of all gold and gold ornaments irrespective of their sources through declaring a general impunity.
Banks wary of running all card transactions thru' BB payment switch
Banks and MasterCard have urged the central bank to review its directive to route all card transactions from the new year through the National Payment Switch of Bangladesh in a bid to mitigate risks of cyber attacks. Their concern stems from the NPSB's lack of PCI-DSS certification, a global security standard for organisations that handle branded cards.
65% consumers in Bangladesh for adopting digital payments, shows study
A recent study has revealed that Bangladeshi consumers are highly inclined towards adopting newer modes of digital payments, according to a press release from Visa. The study show 65% consumers in Bangladesh are in favour of digital payments, shows the study. Visa, the global leader in digital payment technology, conducted the study in collaboration with YouGov in three countries – Bangladesh, India and Sri Lanka.
ADB to provide $260m loan to develop infrastructure in Bangladesh
The Asian Development Bank (ADB) and the Government of Bangladesh has signed agreements for $260 million in loans to help sustain and increase infrastructure investments in Bangladesh, particularly in financing public-private partnership (PPP) projects as well as renewable energy interventions. Kazi Shofiqul Azam, Secretary, Economic Relations Division (ERD), and Manmohan Parkash, Country Director, ADB, signed the loan agreements on behalf of Bangladesh and ADB, respectively, at a ceremony in Dhaka on Sunday.
Farmers Bank pays back BTCL
Bangladesh Telecommuni-cation Company Ltd (BTCL) has finally got back its deposit of Tk 35.44 crore from troubled Farmers Bank's Gulshan corporate branch. BTCL has deposited the money with Sonali Bank's Hotel Sheraton branch after getting refused twice by the Farmers Bank in honouring the cheque. Mallik Abdullah Al Mamun, manager of the Sheraton branch of Sonali Bank, confirmed The Daily Star today that they have received the deposit of BTCL.
Bangladesh Taka depreciates five paisa more against US$
The Bangladesh Taka (BDT) depreciated five paisa more against the US dollar Sunday evening following higher demand for the greenback in the inter-bank foreign exchange market. The exchange rate of the BDT against the US dollar was quoted at maximum BDT 81.20 at the evening transactions today.
DSEX extends record-making rally
The key index of Dhaka bourse on Sunday extended its record-making rally for another session as investors kept purchasing shares of large capitalised scrips including LankaBangla Finance and Shahjalal Islami Bank. The key index of Dhaka Stock Exchange, DSEX, advanced 0.39 per cent or 24.85 points to close at 6,306.95 points on Sunday after gains by 46 points in the previous session.
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