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regulators

IMF plans to empower emerging markets: report

The International Monetary Fund (IMF) is looking at a compromise deal on governance reforms by increasing the quota for emerging economies as an interim measure before a deadline for US action expires, sources quoting key officials at the IMF said. Under the compromise deal, the quotas of emerging economies will increase without any reduction in the US quota as proposed in 2010 and reaffirmed during the 2013 Spring Meeting of the IMF and the World Bank in Washington 0n 18 April 2013. IMFThe plan to double IMF’s resources and boost the voting rights of emergin...

Forex hits all-time high $ 26.18b

Bangladesh’s central bank governor elected chairman of Asian Clearing Union India’s push to save its cows starves Bangladesh of beef Arrest warrants for 33 Bangladesh opposition members Bangladesh tightens border vigil to fight human trafficking Bangladesh executes Islamist party leader for war crimes forexBangladesh’s foreign exchange reserve hit an all-time high of $26.18 billion at the end of August, said a central bank official on Wednesday. A Bangladesh Bank official, who preferred to be unnamed, said foreign currency reserves reached a new mileston...

BoI, Privatization Commission to merge

The process to merge the Board of Investment (BoI) and the Privatisation Commission by setting up a new authority has got the nod from the Cabinet on Monday as the draft of ‘Bangladesh Investment Development Authority Bill 2015’ was approved. The approval was given at the regular weekly meeting of the Cabinet held at Bangladesh Secretariat with Prime Minister Sheikh Hasina in the chair. Other minister and state minister were present in the meeting. Cabinet Secretary M Musharraf Hossain Bhuiyan briefed reporters after the meeting. He said boionce the proposed ...

RMB instead of US$ advised for Sino-BD trade transaction

Bankers from Bangladesh and China suggested introduction of transaction in RMB (Chinese Yuan) instead of US Dollar for International Trade between the two countries. This will help in reducing cost of production and price volatility due to changing exchange rates of US Dollar between Bangladesh and Chinese currencies. It will also save additional costs as this will involve two currencies instead of three. This was suggested by the participants during a day-long Seminar on Bangladesh China Trade Finance : Role of Banks in Kunming, China last Friday ( 21 August). A total 45 senior

Atiur urges environ friendly trade practices in SAARC

Bangladesh Bank Governor Dr. Atiur Rahman said the need of the hour is to develop socially inclusive, sustainable and environmental-friendly trade practices even as SAARC countries aim for financial integration in the region. In his special address at a roundtable on ‘SAARC Financial Integration: Progress and Prospects’ at the two-day banking conference FIBAC 2015 on Tuesday, jointly organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) and Indian Banks’ Association (IBA) with Boston Consulting Group (BCG) as knowledge partners, Dr. Rahman said that the trade amongst SAARC nations is way below the desired figures. [caption id="attachment_19218" align="alignright" width="650"]

GSP not reinstated for compliance failure: Gauhar

Prime minister’s foreign affairs adviser Gauhar Rizvi said on Monday the Generalized System of Preferences, popularly known as GSP, was not reinstated due to the failure on the part of Bangladesh to meet conditions set by the US. gauhar RizveHe said this while speaking at a seminar on foreign affairs at the national defense college at Mirpur in the capital. The Bangladesh Institute of International Strategic Studies and the Bangladesh Enterprise Institute jointly organized the seminar. Gauhar said, “We have to fulfil the promises we gave...
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