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.
Majority of banks still vulnerable to cyber attacks
On February 4, 2016, Bangladesh’s banking industry suffered a sudden shock when $101 million was stolen from Bangladesh Bank’s account at the New York Federal Reserve; the biggest cyber attack on the banking sector of the country. After the incident, questions were raised about the preparedness of the central bank as well as other banks to prevent cyber attacks.
Not a penny recovered in last 12 months
Bangladesh Bank could not bring back a single penny from Philippines in the last 12 months as the incident of country’s reserve theft enters into the third year today. The central bank, since the unprecedented reserve heist by suspected hackers in February 5, 2015, was able to return only $14.55 million from Manila in November 2016.
NBR to hire firm for info on money laundering
The National Board of Revenue is set to hire a global accounting firm to gather information on illegal fund transfers from Bangladesh, said its Chairman Md Mosharraf Hossain Bhuiyan yesterday. Bhuiyan, however, declined to disclose the name of the firm. “Let us sign an understanding agreement with the firm first,” he said, adding that the firm has operations in Bangladesh.
Govt suspends auctions of T-bills, bonds for Feb amid liquidity glut
The government has suspended auctions of both treasury bills (T-bills) and bonds for the month of February to ensure proper cash management, officials said. Bangladesh Bank (BB) has already communicated the government's decision on suspension of the auctions with the commercial banks.
DSEX sees biggest single-day fall in 55 months
The core index of the Dhaka bourse fell 133 points or 2.21 percent on Sunday, the biggest single-day fall in the last 55 months, as nervous investors sold shares in bulk, fearing further decline. However, in terms of percentage, Sunday’s fall is the 32 months highest fall as DSE core index fell 98 points or 2.34 per cent on April 26, 2015.
219 directors of 78 cos don’t hold minimum shares
The Bangladesh Securities and Exchange Commission has taken a step to punish 219 individual directors of 78 listed companies at the two stock exchanges due to their non-compliance with the mandatory minimum shareholding rules. The BSEC took the step after it found that the directors were not holding 2 per cent of the shares in their respective companies.
Bangladesh’s economic freedom rank unchanged
Bangladesh has scored slightly higher in a global ranking that measures the individual’s liberty to take economic actions, although its position remained unchanged. Bangladesh’s ranking remained same at 128 but the score rose slightly to 55.1 points in the 2018 Index of Economic Freedom, published by the Heritage Foundation on Friday.
Govt inks deal with OTI to import LNG
The government has signed a deal with state-run Oman Trading International (OTI) to import around 1.0 million tonnes of LNG annually for the next 15 years. State-run Petrobangla inked the deal on Wednesday, totalling inking of three such deals over the past week to purchase a total of 3.25 million tonnes of lean LNG (liquefied natural gas).
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