Oman’s Temporary Visa Ban on Bangladeshi Nationals

Oman’s recent suspension of visas for Bangladeshi nationals, as clarified by the Embassy of Oman in Dhaka, has stirred discussions surrounding the move’s implications and intentions. Described as a temporary measure, the suspension comes as Omani authorities aim to conduct a comprehensive review of the labor market regulations and expatriate labor demands. The decision primarily addresses challenges related to protecting the rights of expatriate workers and their employers while tackling issues such as illegal employment and worker exploitation. The review process is expected to streamline recruitment procedures and enhance the efficiency of foreign worker employment. Oman underlines the apolitical nature of this decision, emphasizing its commitment to maintaining robust bilateral relations with Bangladesh.

Japan finance minister vows stable JGB issuance via dialogue with markets

Japan will issue government bonds (JGBs) worth 215 trillion yen ($1.89 trillion) in the next fiscal year in a stable manner through dialogue with markets, its finance minister said on Monday, after stimulus to offset the impact of COVID-19 saw bonds worth 224 trillion yen issued this year.