Dhaka, Bangladesh (BBN)– The BBN (Bangladesh Business News) has prepared the morning news highlights compiling reports, published by different newspapers and news portals in Bangladesh.

$100m human trafficking bonanza thru bay boat trips
As stories of mass graves of aspiring migrants to Malaysia kept unfolding, a UN agency reports an estimated $100 million is transacted annually by human traffickers using bay boat trips bound for that country. In local currency, the amount transacted in the smuggling of job-seekers through the Bay of Bengal and the Andaman Sea comes to Tk 7.80 billion, according to the United Nations High Commissioner for Refugees (UNHCR) report released Friday. The UN agency report came hot on the heels of bizarre discovery of mass graves in Thai jungles. A ruthless police action shooting down three suspects in such racketeering in the coastal district of Cox’s Bazar also took place in a close succession.
Now wait for early implementation of Indo-Bangla land boundary deal
With the unanimous passage of the Land Boundary Agreement in Indian parliament, all eyes now turn to a few more steps that are required before the authorities can start implementing the deal and redrawing the map of India and Bangladesh. Diplomatic sources in India said the Constitution (119th Amendment) Bill ratifying the LBA would now need to be approved by the legislatures in half of 28 Indian states, including West Bengal, Assam, Tripura and Meghalaya. The process is expected to take at least a couple of months more. They said the Lok Sabha secretary general will now write to Principal Secretary of legislature in each state to clear the LBA bill, as passed by both the Rajya Sabha and the Lok Sabha of India, at the earliest.
World food import bill to fall to 5-yr low: FAO
The international prices for agricultural commodities continued to decline in April and abundant inventories will offset any pressure from the slight reduction in global harvests expected this year, the UN Food and Agriculture Organisation said on Thursday. Worldwide cereal production will likely decline by 1.5 per cent from last year’s record-breaking output, mainly due to reduced acreage planted with maize, but the impact will be cushioned by ‘ exceptionally high’ levels of existing stocks, according to the latest forecasts in FAO’s biannual Food Outlook report published Thursday.
Weekly Review: Bangladesh’s stocks break losing streak
Bangladesh’s stocks turned around last week, after remaining sluggish in the last two weeks, as investors went on a buying spree following the securities regulator’s latest move. Continuous slide of stock prices promoted the Bangladesh Securities & Exchange Commission (BSEC) to call an urgent meeting with the stakeholders on Monday evening. In the meeting, the brokerages and merchant banks called upon to give support to the falling market. Week-on-week, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 75.04 points or 1.85 percent to close the week at 4,122.32 points.
RMG export growth nosedives
The readymade garment export growth plunged sharply in April compared to the previous three months, which the exporters said was an aftershock of the political unrest. The garment exports grew 1.16% to $1.93bn in the same month from one year ago while January, February and March saw growths of 7.98%, 7.22% and 8.40% respectively. According to the provisional data of Export Promotion Bureau, the overall export earnings in April also declined by 0.53% to $2.39bn.
RAJUK to prepare 20-yr dev plan for Dhaka city
Rajdhani Unnayan Kartripakkha (RAJUK) is set to prepare an updated Dhaka Metropolitan Development Plan (DMDP) for next 20 years aimed at accommodating more people on comparatively lesser lands, officials said Friday. “The vertical expansion of the buildings with more open space and green city will be the best option for the capital city,” said a RAJUK official. Officials said the city development authority has already appointed a Korean consultancy firm which is working to prepare the 20-year development plan for the Dhaka metropolis. It is reviewing the existing DMDP (1995-2015) for preparing the next one for 2015-2035 calendar years.
Role of market maker must for ETF launch: inception report
The role of market maker is a must for launching operations of Exchange Traded Fund in the country’s stock exchanges, an inception report on ETF said.
The Bangladesh Securities and Exchange Commission body recently submitted the inception report on ETF to the commission insisting the necessity of having market makers, a BSEC senior official told New Age. The Dhaka Stock Exchange in October 2014, in an initiative to launch two ETFs by December, had proposed to the capital market to allow the bourse to launch ETFs without having a market maker. The role of market maker is to offer bid and ask prices and provide enhanced liquidity for ETF units to allow investors to transact at almost any time during the trading hours, he said.
Textbooks going digital in September
The government has taken an initiative to turn textbooks of students of class VI to X to Interactive Digital Textbooks (IDTs), first of its kind in the country, officials said. The National Curriculum and Textbook Board Bangladesh (NCTB) and the Teaching Quality Improvement-II in Secondary Education, under the education ministry, in collaboration with Brac have already started preparing the IDTs, they added. Prime Minister Sheikh Hasina is expected to launch the IDTs in September.
BBN/SSR/AD-09May15-11:30 am (BST)
Dhaka, Bangladesh (BBN)- The BBN (Bangladesh Business News) has prepared the morning news highlights compiling reports, published by different newspapers and news portals in Bangladesh.
$100m human trafficking bonanza thru bay boat trips
As stories of mass graves of aspiring migrants to Malaysia kept unfolding, a UN agency reports an estimated $100 million is transacted annually by human traffickers using bay boat trips bound for that country. In local currency, the amount transacted in the smuggling of job-seekers through the Bay of Bengal and the Andaman Sea comes to Tk 7.80 billion, according to the United Nations High Commissioner for Refugees (UNHCR) report released Friday. The UN agency report came hot on the heels of bizarre discovery of mass graves in Thai jungles. A ruthless police action shooting down three suspects in such racketeering in the coastal district of Cox’s Bazar also took place in a close succession.
Now wait for early implementation of Indo-Bangla land boundary deal
With the unanimous passage of the Land Boundary Agreement in Indian parliament, all eyes now turn to a few more steps that are required before the authorities can start implementing the deal and redrawing the map of India and Bangladesh. Diplomatic sources in India said the Constitution (119th Amendment) Bill ratifying the LBA would now need to be approved by the legislatures in half of 28 Indian states, including West Bengal, Assam, Tripura and Meghalaya. The process is expected to take at least a couple of months more. They said the Lok Sabha secretary general will now write to Principal Secretary of legislature in each state to clear the LBA bill, as passed by both the Rajya Sabha and the Lok Sabha of India, at the earliest.
World food import bill to fall to 5-yr low: FAO
The international prices for agricultural commodities continued to decline in April and abundant inventories will offset any pressure from the slight reduction in global harvests expected this year, the UN Food and Agriculture Organisation said on Thursday. Worldwide cereal production will likely decline by 1.5 per cent from last year’s record-breaking output, mainly due to reduced acreage planted with maize, but the impact will be cushioned by ‘ exceptionally high’ levels of existing stocks, according to the latest forecasts in FAO’s biannual Food Outlook report published Thursday.
Weekly Review: Bangladesh’s stocks break losing streak
Bangladesh’s stocks turned around last week, after remaining sluggish in the last two weeks, as investors went on a buying spree following the securities regulator’s latest move. Continuous slide of stock prices promoted the Bangladesh Securities & Exchange Commission (BSEC) to call an urgent meeting with the stakeholders on Monday evening. In the meeting, the brokerages and merchant banks called upon to give support to the falling market. Week-on-week, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 75.04 points or 1.85 percent to close the week at 4,122.32 points.
RMG export growth nosedives
The readymade garment export growth plunged sharply in April compared to the previous three months, which the exporters said was an aftershock of the political unrest. The garment exports grew 1.16% to $1.93bn in the same month from one year ago while January, February and March saw growths of 7.98%, 7.22% and 8.40% respectively. According to the provisional data of Export Promotion Bureau, the overall export earnings in April also declined by 0.53% to $2.39bn.
RAJUK to prepare 20-yr dev plan for Dhaka city
Rajdhani Unnayan Kartripakkha (RAJUK) is set to prepare an updated Dhaka Metropolitan Development Plan (DMDP) for next 20 years aimed at accommodating more people on comparatively lesser lands, officials said Friday. “The vertical expansion of the buildings with more open space and green city will be the best option for the capital city,” said a RAJUK official. Officials said the city development authority has already appointed a Korean consultancy firm which is working to prepare the 20-year development plan for the Dhaka metropolis. It is reviewing the existing DMDP (1995-2015) for preparing the next one for 2015-2035 calendar years.
Role of market maker must for ETF launch: inception report
The role of market maker is a must for launching operations of Exchange Traded Fund in the country’s stock exchanges, an inception report on ETF said.
The Bangladesh Securities and Exchange Commission body recently submitted the inception report on ETF to the commission insisting the necessity of having market makers, a BSEC senior official told New Age. The Dhaka Stock Exchange in October 2014, in an initiative to launch two ETFs by December, had proposed to the capital market to allow the bourse to launch ETFs without having a market maker. The role of market maker is to offer bid and ask prices and provide enhanced liquidity for ETF units to allow investors to transact at almost any time during the trading hours, he said.
Textbooks going digital in September
The government has taken an initiative to turn textbooks of students of class VI to X to Interactive Digital Textbooks (IDTs), first of its kind in the country, officials said. The National Curriculum and Textbook Board Bangladesh (NCTB) and the Teaching Quality Improvement-II in Secondary Education, under the education ministry, in collaboration with Brac have already started preparing the IDTs, they added. Prime Minister Sheikh Hasina is expected to launch the IDTs in September.
BBN/SSR/AD-09May15-11:30 am (BST)