Dhaka, Bangladesh (BBN) - The BBN has prepared the morning business round up compiling reports, published by different newspapers and news portals in Bangladesh.
Bangladesh reserve heist: Three parties to work for recovering funds
The New York Fed, Bangladesh Bank (BB) and SWIFT have agreed to work jointly for recovering the stolen funds, catch the thieves and protect the system from these types of attacks. The decisions were taken were made at a meeting, held in Basel of Switzerland on Tuesday, according to a joint statement, issued by the Federal Reserve Bank of New York.
Panama Papers leak more BD plutocrats’ names
Names of some 56 Bangladeshi citizens and companies have appeared in the latest leaks on financial underworld, raising questions about how the funds could be transferred outside or kept in safe havens evading the laws. The International Consortium of Investigative Journalists (ICIJ) released the text of findings Monday (May 9). The latest release includes the names in Panama Papers, leaked last month, and also Offshore Leaks, released in 2014 by the ICIJ.
Over 100 Bangladeshi names, entities in Panama Papers
Nearly 103 individuals, entities and addresses with links to Bangladesh figure in the latest edition of Panama Papers and offshore leaks that reveals information about offshore companies in tax havens. A random check of the database for Bangladesh displays about two offshore entities, 56 officers or individual links, three intermediaries and as many as 42 addresses within the country.
Rod prices to soar on new VAT law
Steelmakers yesterday warned of price hike of rod, a key construction material, because of the imposition of 15 percent VAT under a new law that is going to be effective from July. The value-added tax under the new law will also bloat the government’s public works budget, they said.
FBI suspects insider involvement in $81mn Bangladesh Bank heist
US investigators suspect the theft by computer hackers of $81 million from Bangladesh’s central bank was partly an inside job- the first hint of culpability in a case that has exposed new vulnerabilities in the international banking system. Agents with the Federal Bureau of Investigation have found evidence pointing to at least one bank employee acting as an accomplice, people familiar with the matter said.
Bangladesh’s stocks end flat amid high volatility
Bangladesh’s stocks ended flat on Tuesday amid high volatility as investors reshuffled their portfolio ahead of budget announcement for the fiscal year 2016-2017. Both the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) moved between green and red several times throughout the session.
Dhaka, Delhi set modalities of building two Indian SEZs
Dhaka and New Delhi in a joint meeting Tuesday set modalities of building two special economic zones in coastal Mongla belt and in Kushtia that would be dedicated to Indian investors. Officials said the Indian Economic Zones (IEZs) - formally deemed as Bangladesh-India government-to-government economic zones - will be developed at Mongla in Bagerhat and Bheramara in Kushtia under the new US$ 88 million second Indian line of credit (LoC).
Bangladesh executes war criminal Jamaat chief Nizami
Jamaat-e-Islami chief Motiur Rahman Nizami has been hanged for his crimes against humanity during Bangladesh’s Liberation War in 1971. The Jamaat-e-Islami Ameer (chief) Nizami walked the gallows at 12:10 am Tuesday night, jail sources confirmed. With the execution on the Jamaat chief, Bangladesh so far has executed five war criminals.
BBN/SSR/AD