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.

BB orders surveillance on terror financing
The central bank directed commercial banks to put up a close watch so that no one can use the banking channel for terror financing both at home and abroad. Such a strict instruction came from a conference of chief anti-money laundering compliance officials, generally known as CAMLCO, of all the banks, held at Rose View Hotel in Sylhet on March 03-05.

Close tanneries at Hazaribagh
The High Court yesterday directed the director general of the Department of Environment to immediately close the tanneries that are running at the capital’s Hazaribagh and have failed to relocate to the Tannery Industrial Estate in Savar. The court also ordered the DG to disconnect the utility services, including gas, power and water, to the tanneries as they were damaging the environment violating the court’s earlier directives. Ministries of home, environment, industries, the inspector general of police (IGP) and the commissioner of Dhaka Metropolitan Police have been asked to assist the DG in complying with the order.

BB moves to cut MFS transaction charge
Bangladesh Bank has taken an initiative to decrease the transaction charge on mobile financial services as the providers of MFS are imposing a 2-per cent service charge against the customers’ per transaction.The central bank and its board of directors think that the existing higher charge on MFS transaction is not logical. So, the BB is now working on decreasing the charge in the interest of the clients, BB executive director Subhankar Saha told reporters at a press briefing at the central bank headquarters in the capital on Monday. The central bank has recently observed that some media reports misled the clients about a latest BB initiative to tighten the ceiling on transactions through MFS, he said.

Govt could give land in Uttara for new BGMEA HQ
Commerce Minister Tofail Ahmed on Monday said the government will give BGMEA a piece of land to relocate its office to Uttara in Dhaka. The minister came up with the announcement after a meeting with Qatar Ambassador in Dhaka Ahmed Bin Mohamed Al-Dehaimi at his secretariat in the capital on Monday. The government will provide land for Bangladesh Garment Manufacturers and Exporters Association (BGMEA) so that it can shift from its existing headquarters at Karwan Bazar, the minister said in reply to a question. “I hope BGMEA would be able to build its new building within two-three years.”

Bangladesh stocks returned to higher on Monday, after witnessing correction in the last five consecutive sessions, as investors took position on lucrative stocks amid optimism. Analysts said the market rebounded as some enthusiastic investors went on buying spree on sector specific stocks. The market started with an upward trend and the positive trend continued till end of the session amid periodic small downswings, ultimately ended 15.75 points higher.

Revenue collection rises 18pc in Jul-Oct
Revenue collection rose 18 percent year-on-year to Tk 80,255 crore in July-October, owing to taxmen’s efforts and steady growth of economic activities in the first half of the current fiscal year, according to the National Board of Revenue. Collection shot up 23.52 percent to Tk 16,334 crore in December from the same month a year ago, according to provisional data.

Worker hiring by S’pore falls sharply
Manpower export to Singapore fell by 30 per cent in last two months compared to the corresponding period in the last year. Officials and recruiting agencies said that Singapore reduced hiring Bangladeshi workers due to their suspected involvement with militant activities According to the Bureau of Manpower, Employment and Training 2,816 workers of Bangladesh were hired by Singapore this January down from 4,520 in January last year.

Bangladesh signed a $300 million financing agreement with the World Bank on Monday to strengthen local governments through establishing national budget transfers for all 4,550 Union Parishads, the lowest tier of local government, and mainstreaming the annual financial audits of all Union Parishads. Built on the success of two predecessor projects, the Local Governance Support Project – 3 (LGSP3) will benefit over 115 million people across the country, said a press statement.