Latest news with #BHB
Malaysian Reserve
2 days ago
- Business
- Malaysian Reserve
Assets declaration: Initial step to increase accountability of GLC, GLIC CEOs — Azam Baki
PUTRAJAYA — The move to require chief executive officers (CEOs) of government-linked companies (GLCs) and government-linked investment companies (GLICs) to declare their assets to the Malaysian Anti-Corruption Commission (MACC) is an initial step towards increasing their respective accountability. MACC Chief Commissioner Tan Sri Azam Baki (picture) said the declaration sends a clear signal that organisational heads must be accountable for their assets and property, thus allowing the public to assess that every organisational head will not arbitrarily accumulate wealth through their positions. 'When all these CEOs declare their assets to the MACC, they will be more cautious in their actions because any attempt to use their position to accumulate wealth will be easily identified,' he said. Azam said this in a statement issued today after he received 13 Property Declaration Forms from the CEOs and the heads of operating companies under Boustead Holdings Bhd (BHB) Group, at his office here. The submission of the forms was presented by BHB executive vice-president (VP) and head of Integrity and Governance Department Rosman Johar Abdullah. Also present was BHB assistant VP of Integrity and Governance Department Wan Azlee Wan Mohd Ghazali. In the same statement, Rosman said the move was implemented in compliance with the government's directive for all GLC and GLIC CEOs to declare their assets to MACC as a commitment to cultivate good governance. 'This government action needs to be supported by all parties to ensure that corruption is not only eradicated but also prevented from the outset before it occurs,' he also said. — BERNAMA
The Star
2 days ago
- Business
- The Star
Assets declaration: Initial step to increase accountability of GLC, GLIC CEOs, says Azam Baki
PUTRAJAYA: The move to require chief executive officers (CEOs) of government-linked companies (GLCs) and government-linked investment companies (GLICs) to declare their assets to the Malaysian Anti-Corruption Commission (MACC) is an initial step towards increasing their respective accountability. MACC Chief Commissioner Tan Sri Azam Baki said the declaration sends a clear signal that organisational heads must be accountable for their assets and property, thus allowing the public to assess that every organisational head would not arbitrarily accumulate wealth through their positions. "When all these CEOs declare their assets to the MACC, they will be more cautious in their actions because any attempt to use their position to accumulate wealth will be easily identified," he said. Azam said this in a statement issued on Monday (July 21) after he received 13 Property Declaration Forms from the CEOs and the heads of operating companies under Boustead Holdings Bhd (BHB) Group, at his office here. The submission of the forms was presented by BHB executive vice-president (VP) and head of Integrity and Governance Department Rosman Johar Abdullah. Also present was BHB assistant VP of Integrity and Governance Department Wan Azlee Wan Mohd Ghazali. In the same statement, Rosman said the move was implemented in compliance with the government's directive for all GLC and GLIC CEOs to declare their assets to MACC as a commitment to cultivate good governance. "This government action needs to be supported by all parties to ensure that corruption is not only eradicated but also prevented from the outset before it occurs," he also said. – Bernama
Daily Tribune
03-07-2025
- Business
- Daily Tribune
Subscription opens for 41st Issue of Government Development Bond
Bahrain Bourse (BHB) announced yesterday that Bahraini and Non-Bahraini investors can directly subscribe through the primary market of BHB in the Government Development Bond Issue 41 (BHD 250 million). The bond issued by the CBB on behalf of the Government of Bahrain can be bought by executing orders through registered brokers at Bahrain Bourse. Investors will be able to trade the Bond on the secondary market at BHB once listed, which is expected to be on 24th July 2025. Bahrain Bourse specified that the subscription period through the registered brokers is effective on Wednesday until Thursday. The subscription will be open on Wednesday from 9:30 am until 1:00 pm and on Thursday from 9:30 am until 11:00 am. The minimum subscription size is 500 bond per subscriber. The BHD 250 million Bond issued at a par value of BHD 1 each on the 9th of July 2025 for a period of 4 years maturing on the 9th of July 2029. The annual fixed return on these securities is 6.25%, and will be paid bi-annually on 9th of January and 9th of July every year throughout the period of this issue, commencing on 9th of January 2026 up to and including the Maturity Date. The Central Bank of Bahrain issued the Government Development Bond on behalf of the Government of Bahrain. The Government of Bahrain directly guarantees the Bond securities.
The Star
27-06-2025
- General
- The Star
Bangladesh strives to revive near-extinct Mughal-era muslin
FILE PHOTO: In this picture taken on January 8, 2022, a weaver uses a handloom to make traditional muslin garments at the Dhakai Muslin Project facility in Narayanganj. - AFP DHAKA: Bangladesh is undertaking a national effort to revive its legendary Dhaka muslin fabric, once hailed as "woven air" for its ethereal lightness and intricate craftsmanship during the Mughal era. The tradition of Dhaka muslin weaving, which was exported worldwide, from the Middle East to Europe, vanished nearly two centuries ago due to colonial suppression and the extinction of the rare cotton plant Phuti Karpas. Fortunately, it is now the focus of a determined revival project. Authorities have successfully rediscovered and cultivated Phuti Karpas, a native species once grown exclusively in the Dhaka region. "This project officially began at the end of 2018," said Md. Ayub Ali, project director of the Reviving the Technology of Muslin. He told Xinhua recently that the first phase of the project focused on restoring Dhaka muslin sarees by rediscovering their yarn and fabric-making techniques, as well as reviving the cultivation of Phuti Karpas, the key ingredient of Dhaka muslin. He noted that the team has successfully reproduced yarn with a 750 thread count, and that local artisans are now being trained to master the traditional techniques used to create muslin sarees. Officials said both artisans and researchers have painstakingly worked to relearn the incredibly complex spinning and weaving techniques required to produce authentic muslin. This involves spinning ultra-fine yarns historically reaching 300-500 or more and weaving them on traditional handlooms. Weavers carried out this task with their supple fingers and enviable eyesight. Achia Begum, one of the project's weavers, described the challenges of working with such delicate yarn. "We used to rub garlic on our hands at night to keep them soft in the morning, so we could handle the fine threads more easily," she said, adding "the cotton yarn is so soft and thin. so that this work requires enormous patience." Begum said that "I feel proud to be part of reviving something I've only heard about since childhood and read about in books." Mohsina Akhter, now a supervisor at the Dhaka muslin weaving center, said it took her two years to learn the technique. After excelling during training, she became both a trainer and a supervisor. "I trained 11 new weavers, many of whom had never seen muslin before. It was difficult, but now they can all work independently," she said. The Bangladesh Handloom Board (BHB), under the Ministry of Textiles and Jute, plays a key role in funding the revival project, as well as overseeing cultivation, research and training programmes. BHB Chairman Abu Ahmed Siddique said, "muslin has deep historical roots, dating back to the Middle Ages. Dhaka cotton was famous worldwide, and our weavers were once prosperous. But British colonisation, mass production of yarn and restrictive trade policies devastated the industry." Siddique emphasised two key reasons for reviving muslin. "Firstly, we want to dig out our history and to revive our history," Siddique said, saying "It is a very glorious history of Dhaka and Bangladesh. Still Bangladesh is thriving in exporting garments. So why don't we dig out and restore our history and let the world know what kind of sophistication was available in this part." "Secondly, we are looking for fusion so that we can involve our investors and our modern technology with the ancient one," he said. The second phase began in 2023, focusing on conducting extensive research to ensure the sustainability of the revived muslin production process and to promote the private sector's participation. Siddique noted that muslin was never confined to the elite, it was worn by people of all classes. "Now, we are working to revive the original muslin and let the world rediscover its elegance," he said. - Xinhua
Daily Tribune
15-05-2025
- Business
- Daily Tribune
Al Noor International School honours students for Tradequest success
Al Noor International School held a ceremony on its Annual Day, April 22nd, to recognize students who excelled in the TradeQuest competition organized by the Bahrain Bourse (BHB). The event was attended by the School Chairman, Ali Hasan, the Director, Dr. Muhammad Mashood, and the Principal Abdul Rahman Alkoheji, along with school officials and teachers. Al Noor International School distinguished itself in the TradeQuest competition by securing second place in the private schools category, competing against ten other schools.
