BASIS for spl uninterrupted Cards in Digital Marketing

The Bangladesh Association of Software and Information Services (BASIS) on Sunday sought central bank’s intervention to open the facility of international credit and pre-paid cards. At a meeting, the association leaders informed the Bangladesh Bank (BB) that some banks have stopped the facility of international credit and pre-paid cards which are hindering the development of digital marketing sector of the country. All of these cards have a travel quota of up to $ 12000 a year. Many local and foreign companies, tech companies, small agencies, e-commerce and e-commerce models use the facility to pay for advertising on Google and Facebook. Earlier, Bangladesh Bank, by a circular issued in 2016, promoted the international credit and pre-paid card to enhance the convenience of Bangladeshi citizens to buy goods at home from the international market. This move continued to play an effective role in expanding the digital industry of the country.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/basis-for-spl-uninterrupted-cards-in-digital-marketing-1574013558

DSE Turnover rises by 14 per cent

The Dhaka bourse closed the Sunday’s session marginally higher amid day long volatility following the mixed performance of the major sectors. The turnover stood at above Tk 3.63 billion which was 14 per cent higher than the turnover of the previous session. The market opened the day’s session positively and the DSEX, the broad index of Dhaka Stock Exchange (DSE) gained 14 points within first 15 minutes. Later, the DSEX displayed volatility throughout the whole session and closed the session with a marginal rise. At the end of the session, the core index settled at 4717.39 with a marginal rise of 0.14 per cent or 7.02 points. Of the companies having influence on the index movement, Grameenphone advanced 1.4 per cent to close at Tk 310.10 each, while the share price of British American Tobacco Bangladesh Company declined 0.40 per cent to close at Tk 1094 each. The share price of another giant company United Power Generation & Distribution Company also declined 2.67 per cent to close at Tk 260.10 each. On Sunday, the shariah based index DSES advanced 0.25 per cent or 2.77 points to close at 1083.6. The DS30 index comprising blue chip securities closed at 1642.36 points with a rise of 0.5 per cent or 4.12. Of 348 issues traded, 167 advanced, 124 declined and 57 were unchanged on the premier bourse DSE.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/dse-turnover-rises-14-per-cent-1574013976

CRISL CEO elected ACRAA Board Member

Muzaffar Ahmed, President and CEO of Credit Rating Information and Services Limited (CRISL) has been elected as one of the members of 7-member Board of Directors of the Association of Credit Rating Agencies in Asia (ACRAA) in its annual general meeting held in Manila recently. He is also the incumbent president of the Institute of Chartered Secretaries of Bangladesh (ICSB). Founded in 2001 under the sponsorship of Asian Development Bank by 15 Asian credit rating agencies of 10 countries, ACRAA’s primary objectives are to promote regional cooperation and harmony in the areas of credit rating, analysis, research and information sharing services amongst the member agencies. ACRAA has now 28 member agencies from 13 countries in Asia. Other than CRISL, three other rating agencies of Bangladesh are members of ACRAA. Members of ACRAA are bound by its ethical code of conduct which was published by the Asian Development bank for the member countries.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/crisl-ceo-elected-acraa-board-member-1574014093

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