Rana Plaza victims

BBN file photo

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.

Rana Plaza Tragedy: 42pc survivors still jobless
Four years after the Rana Plaza disaster that killed over 1,100 people, over 42 percent of its survivors are still unemployed, according to a new study. Of the unemployed, 48.1 percent cited being physically weak and 33.4 percent not having the mental strength as the main reason for being out of work, said the ActionAid Bangladesh study report.

Sending unskilled workers yields bad return
The huge number of workers leaving Bangladesh for overseas job does not match with the remittance they send as most of them are unskilled and thus fall far behind the skilled workers sent by other countries. Bangladesh still lags behind the Philippines, Sri Lanka, Pakistan and India in terms of both sending skilled workers abroad and earning remittance.

Bangladesh-Poland to build ties in blue economy
Bangladesh has and Poland have agreed to set up a joint working group find out areas of bilateral cooperation in the blue economy. The agreement was reached between Bangladesh State Minister for Foreign Affairs Shahriar Alam. Polish Deputy Minister for Maritime Economy and Inland Navigation Grzegorz Witkowski at the latter’s office on April 22, according to a press release received from the Foreign Ministry on Saturday.

Limit likely on institutional investment in savings tools
The government contemplates containing institutional investment in savings instruments as its borrowing from the non-banking sources bloats over the limit. Officials said the Department of National Savings (DNS) recently sent in a proposal to the government to restrict investment from provident fund of autonomous bodies and structured local and multinational companies (MNC) in the government savings tools.

Bangladesh’s stocks face another major setback
Bangladesh’s stocks extended their losing spell for the two consecutive weeks that ended on Thursday as prolonged bearish vibe in the market kept the investors worried. Brokers said sell-off in large-cap stocks tumbled the prime index of the major bourse almost throughout the week due to lack of confidence among investors.

Rice stocks dip at public warehouses
Rice stocks at public warehouses have fallen to 3.59 lakh tonnes, which is the lowest in six years, owing to less than targeted procurement in the last two seasons and increased distribution. Total food grain stocks stood at 5.46 lakh tonnes, the lowest since fiscal 2009-10, according to food ministry data. The low level of stocks has created worries that millers and traders may cash in on the situation by increasing prices of the staple.

Accord, Alliance cut ties with 217 RMG units
Two separate groups of North American and European fashion retailers and buyers have so far severed business relations with 217 Bangladeshi readymade garment factories on grounds of unsafe working conditions as the groups conducted safety inspection at more than 2,600 factories in the country following the Rana Plaza building collapse in April 24, 2013.

MFS transaction limits taking toll on SMEs, e-commerce
On January 11 this year, Bangladesh Bank issued an order to all mobile financial service providers to comply with the revised mobile banking transaction ceiling, citing abuse of the facility by a section of people. This limitation of the mobile financial service (MFS) transactions has now started taking a toll on users, especially SMEs and small e-commerce entrepreneurs.

BBN/SSR/AD