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.
Bangladesh’s banks warned on terror financing
Bangladesh’s central bank has warned commercial banks against any negligence in compliance with the anti-money laundering and anti-terror financing rules, in the wake of restive situation. The warning was issued at a meeting of the chief executive officers (CEOs) and CAMLCOs (chief anti-money laundering compliance officials) of 28 banks, held at the central bank headquarters in the capital Dhaka on Tuesday with Deputy Governor of Bangladesh Bank (BB) Abu Hena Mohammad Razee Hassan in the chair.
Steps to groom skilled hands for high-end jobs
The government has taken a crash course to raise a pool of skilled personnel to hold high-end jobs in domestic industries to stimulate the country's industrial growth with homegrown experts, officials said. Bangladesh has now substantial skills shortage to run growing industrial enterprises from driving seats, which puts fundamental constraints on advances of the industrial sectors.
Land acquisition needed for dev projects before final approval
The government has decided to address the longstanding obstacle to land acquisition-related hindrances that often hold back or delay the implementation of development projects, leading to regular ADP downsizing and occasionally irking foreign lenders. A high-profile meeting on ‘check-list for development projects’, presided over by cabinet secretary Shafiul Alam, past week decided to complete land acquisition process before a project is approved, sources said.
US cotton exporters look to double trade with Bangladesh
The US wants to double its cotton exports to Bangladesh over the next five years, said senior officials of the Cotton Council International or CCI. “We want to double the export of cotton to Bangladesh in next five years and it is possible as Bangladesh is the number one importer of cotton now,” said CCI President Keith T Lucas Lucas.
Bangladesh’s stocks return to red after three days
Bangladesh’s stocks witnessed mild correction on Tuesday, after remaining upbeat in the past three days, as risk-averse investors opted for quick-profit. Meanwhile, the newly listed Evince Textiles continued to suffer losses and topped the loser’s list for the second session in a row, after flying debut on Sunday.
Bangladesh proceeds with strong foothold in global apparel market
Bangladesh continues to make its firm footing in the global apparel markets that it has successfully shone in all of its export destinations in the just-concluded fiscal year. The exporters and analysts attributed the growth to political calmness during the year, increased productivity, entrepreneurs’ resilience and improvement of workers’ safety standards in factories.
BB to unveil monetary policy July 26
Bangladesh Bank will announce its monetary policy for the July-December period of this year on July 26. BB chief economist Biru Paksha Paul told New Age on Tuesday that the central bank would unveil the monetary policy at 11am on the day at the BB headquarters in the capital. BB governor Fazle Kabir will announce the monetary policy, he said.
KSA finally agrees to host BD banks
The Saudi government finally allows Bangladeshi banks to open branches over there to facilitate sending home remittances by expatriates, officials said. Many bankers, however, say they would have to face tough competition with global leading banks in the Kingdom of Saudi Arabia (KSA).
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