Bangladesh keen to boost trade with seven sisters of India 

erming India as a friendly nation as well as a trade and development partner of Bangladesh, Commerce Minister Tipu Munshi has said that there is a huge scope for boosting trade and investment of Bangladesh with the seven sisters of India including Assam. “We’re interested to increase trade and investment with this region,” said Tipu when a delegation, led by Biswajit Daimary, Indian politician from Bharatiya Janata Party and the incumbent speaker of Assam Legislative Assembly, met the minister at his official residence in Dhaka on Sunday. Biswajit is leading a 62-member delegation to Bangladesh. The commerce minister said that RMG represents around 83 per cent of Bangladesh’s export earnings while raw materials and machineries of this industry are also being imported from India. He suggested that Assam could take expert trainers from Bangladesh in the RMG sector and thus groom their RMG workers as skilled workforce. 

Source: https://thefinancialexpress.com.bd/economy/bangladesh-keen-to-boost-trade-with-seven-sisters-of-india-1668958326

Dollar crisis will resolve by January: Salman F Rahman

The ongoing crisis in the country for US dollars will resolve by coming January, said Salman F Rahman, adviser to the prime minister on private industry and investment. “The ban on the import of non-essential goods has had a positive effect. Due to the shortage of dollars, there have been problems opening LC for the last two months but we are surplus in the current account. But there are some issues with legacy payments, which will be over in December. As a result, the dollar problem will be resolved next January,” He said speaking as the guest of honor at the signing ceremony of a strategic partnership between ABG Limited and Chittagong Stock Exchange at Radisson Blu Chittagong Bay View Hotel on Sunday (20 November) night.  ABG Limited – a concern of the Bashundhara Group, has purchased a 25% stake in CSE. 

Source: https://www.tbsnews.net/economy/dollar-crisis-will-resolve-january-salman-f-rahman-535830

BTRC to run audits on GP, Robi, Banglalink

The country’s telecom regulator has decided to conduct financial audits on three leading mobile network operators (MNOs) – Grameenphone (GP), Robi Axiata and Banglalink – although settlement of the previous audits on GP and Robi is yet to reach an end. The Bangladesh Telecommunication Regulatory Commission (BTRC) has taken the policy decision. The new audits will be conducted after the previous audit periods, which were until 2014 for GP and Robi. An audit on the third largest MNO Banglalink until 2019 is yet to be completed. Banglalink will be audited from 2020 onwards. “We have decided to run audit on these MNOs soon,” Post and Telecommunication Minister Mustafa Jabbar told the FE. He said audit is a regular responsibility of the BTRC, and the regulator can conduct audit anytime on its licensees. About realisation of the previous audit claims, he said the issue is now in the court for resolution. “We can’t do anything about the court’s decision,” he said, adding that the BTRC’s job is to audit and the regulator would do it. The telecom regulator conducted separate audits into the two operators’ books from their inception until December 2014 and claimed Taka 125.80 billion from GP and Taka 8.67 billion from Robi.

Source: https://thefinancialexpress.com.bd/trade/btrc-to-run-audits-on-gp-robi-banglalink-1668999026