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.
Saudi job market shrinking fast
The Saudi labour market is shrinking fast for Bangladeshis as locals are taking up foreign workers’ jobs amid the kingdom’s strong policy against undocumented migrants. Fewer Bangladeshis are now migrating to the Middle Eastern country, traditionally the largest foreign labour market for Bangladesh, while more and more are returning home.
BB sells $45m to banks to steady forex market
The central bank of Bangladesh again lent its foreign exchange support last week through selling US dollars to banks aiming to keep the market stable, officials said. The Bangladesh Bank (BB) sold $45 million to different commercial banks in the week to meet the growing demand for the greenback in the foreign exchange (forex) market.
Mobile users turn thrifty to avoid bill shock
Mobile phone users have reduced volume of calls following implementation of the hiked uniform call rate in August 14 this year to avoid bill shock, a study of Bangladesh Telecommunication Regulatory Commission revealed. Mobile phone operators, however, have said that they have witnessed an increase in revenue from voice calls after implementation of the rate despite the decline in call volume.
Muhith: Foundations for fully-fledged stock market laid
Finance Minister AMA Muhith said the stock market has not yet completely flourished in Bangladesh, though its foundation has been laid. “A full-fledged stock market will soon be established in the economy,” he remarked yesterday at the inaugural session of World Investors Week 2018, at Krishibid Institute Bangladesh (KIB) in Farmgate, Dhaka.
India should play a proactive role
India has to play a proactive role to develop South Asia economically and socially, said Mashiur Rahman, economic affairs adviser to Bangladesh’s prime minister, yesterday. “If you look at the map of South Asia, you will see the size and centrality of India. Other countries around India are relatively small,” he said.
Govt won’t seek donors’ help
The government has no plan to seek donors’ assistance in formulating the upcoming Eighth Five-Year Plan, officials concerned said on Sunday. Development partners have shown their interest in lending a hand to formulate the apex national planning document, they added.
Proposed amendments to labour act devastating for workers
Labour leaders on Sunday said that the proposals put forward by labour rights groups were ignored in finalising proposed amendments to the labour act. At a roundtable discussion, they said if the amendments were passed in the coming session of parliament, the act would be devastating for workers.
Brazil keen to sign FTA with Bangladesh
On Sunday commerce Minister Tofail Ahmed said Brazil is willing to sign a Free Trade Area (FTA) agreement with Bangladesh to boost bilateral trade between the two countries. Brazil also seeks to form a Brazil-Bangladesh Chamber of Commerce and Industry to encourage private sector investors of both countries to enhance business communication.