Bangladesh, Dhaka (BBN) –Bangladesh Business News prepares Sunday’s evening business round up compiling reports, published by different newspapers and news portals.
DSEX sinks below 5,600-mark on panic sale
Bangladesh’s stocks witnessed a free-fall on Sunday, with the core index of the Dhaka Stock Exchange (DSE) sinking below 5,600-mark as investors went for panic sell-offs to avoid further losses. The market opened on a negative note which continued until the end of the session with no sign of reversal amid persistently lackluster trade. DSEX, the prime index of the DSE, went down by 142.88 points or 2.53 per cent to settle at 5,504, after adding 83 points in the past two consecutive sessions.
Commerce Minister: DITF to be held if Covid-19 situation improves
Dhaka International Trade Fair (DIFT) 2021 will be arranged if the coronavirus situation improves, Commerce Minister Tipu Munshi said on Sunday. The minister made the announcement at a virtual program at the Secretariat. “A possible date was fixed upon consultation with the Export Promotion Bureau (EPB) to arrange the trade fair and we got primary approval in this regard. Then Prime Minister Sheikh Hasina asked us to go slow due to the coronavirus situation. The arrangement of the trade fair fully depends on the Covid-19 situation,” said Munshi.
Rahel Ahmed, a banker of two decades, joins Nagad as CEO
Rahel Ahmed, the former managing director and CEO of Prime Bank Ltd, has joined Bangladesh Post Office’s digital financial service Nagad as its chief executive officer. Prior to joining the mobile money company, Ahmed served Prime Bank for three years, leading its management team. He was also the deputy managing director and deputy CEO of the bank and had played a key role in the digitalisation of the bank, Nagad said in a statement on Sunday.
World Bank okays $40m for Bangladesh to expand e-GP coverage
The World Bank has approved $40 million to help Bangladesh increase the coverage of electronic government procurement (e-GP) with new features to respond to the COVID 19 challenges. This additional financing to the Digitizing Implementation Monitoring and Public Procurement Project (DIMAPPP) will help expand e-GP to all public procuring entities. To respond to the challenges of COVID 19 pandemic and any other future emergencies, the financing will help add important features to the e-GP system, including international bidding, direct contracting, framework agreement, electronic contract management and payment, procurement data analytics, geo-tagging, and others.