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.
External debts up by 141pc in two years
The volume of Bangladesh's external debts surged by 141 per cent to US$ 54.73 billion in two years to June last, says the central bank. The volume of external debts at the end of March 2016 stood at US$ 38.88 billion, the Bangladesh Bank (BB) said in its quarterly financial stability assessment report.
Male migrants' remittance drops 11pc
Annual per capita remittance from the male migrants has fallen by 11 percent in 2017 compared to that in 2014, says a new study. “In terms of taka, remittance from the male migrants has declined by 11 percent. However, if it is adjusted to inflation, the drop would be 26 percent,” says the study “Impact of Migration on Poverty and Growth in Bangladesh” presented at the capital's Brac Centre Inn yesterday.
RMG wage board finalises new wage ignoring all objections
The minimum wage board, formed to review the wages for the readymade garment workers, has finalised its proposal setting Tk 8,000 as minimum wage for the workers ignoring all the objections and recommendations submitted by the trade union federations and factory owners. The wage board had published a gazette notification on October 8 recommending Tk 8,000 as minimum wage for the lowest grade workers and sought written objections, if any, against or suggestions on the recommendations in 14 days.
Sustainable development: Clean energy, small entrepreneurs, new innovations crucial
Bangladesh has to move towards the use of clean energy sources, inspiration of small entrepreneurs, and development of new innovations to achieve sustainable economic development, speakers at an international conference said yesterday. Praising the country’s economic and social achievements, they also stressed the need for resolving issues related to manpower, terrorism, corruption, inclusiveness, and political stability to maintain the trend of economic growth.
BB issues guidelines to help cut classified loans
The central bank of Bangladesh has issued guidelines on the Internal Credit Risk Rating System (ICRRS), aiming to reduce the volume of classified loans through maintaining credit risk exposure within acceptable levels. The guidelines along with a model will be a valuable addition to the credit risk management tools, which will help the banks to develop and maintain a better-quality credit portfolio, officials said.
ECNEC clears WB-funded Rohingya rehab project
The government has approved a total of 24 development projects, including the World Bank-funded Rohingya rehabilitation project, involving a combine cost of Tk 247.41 billion. The Executive Committee of the National Economic Council (ENCEC) endorsed the record number of projects at a meeting in the city on Tuesday, with Prime Minister Sheikh Hasina in the chair.
Brac Bank offers agent banking
Brac Bank has decided to go big with agent banking in a bid to get business by providing financial services to the unbanked. “Time will come when there will be no villages in the country out of the range of agent banking,” Sir Fazle Hasan Abed, chairman of the bank, said at the launch of its agent banking services at the lender's head office in Dhaka yesterday.
One Bank launches OK wallet service
One Bank Limited (OBL) on Tuesday launched OK wallet service to make mobile financial service proposition fast, more secure and more convenient for the bank’s core banking customers and mobile banking customers. One Bank chairman Sayeed H Chowdhury formally inaugurated the OK wallet service at a ceremony held at OBL corporate headquarters in Dhaka, said a press release.
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