TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK
TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK
TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK
Rate last updated: 02/01/2014 11:15:04 AM
Bangladesh has improved in the Basel Anti Money Laundering (AML) Index 2023, going up five notches to the 46th. The report attributes Bangladesh’s improved ranking to increased transparency in the financial sector and improved anti-money laundering and counter-terrorism financing frameworks. The report also cites the Bangladesh government’s high-level political commitment, inter-agency coordination, and financial and human resource investment in AML/CTF efforts. According to the Mutual Evaluation Report of the Asia/Pacific Group on Money Laundering, Bangladesh has complied with eight of the Financial Action Task Force’s 40 recommendations, largely complied with 27, and partially complied with five.
Source: https://www.tbsnews.net/economy/bangladesh-improves-5-places-anti-money-laundering-index-743190
DBL Group started running a new spinning mill named Jinnat Textile Mills Ltd from Thursday with a daily production capacity of 42 tonnes of yarn, all out of cotton and manmade fibres (MMF) and for use by its own garment factories. The textile and garment exporter invested $80 million to establish the factory on 15 acres of land inside the 170-acre DBL Industrial Park, also known as Shreehatta Economic Zone, in Moulvibazar. Although the group already has three spinning mills, it currently has to source 42 tonnes of yarn a day from other mills to make garments. The group wants to export quality garments timely and for this reason it made the investment, which may increase its export earnings by 5 percent a year. The group’s total export earnings from garment shipments last year amounted to $450 million.
Source: https://www.thedailystar.net/business/news/dbl-opens-yarn-mill-investing-80m-3478611
The World Bank (WB) is going to finance a total of $1,112 million against five projects for the sustainable development of Bangladesh. Five financing agreements were signed between Bangladesh and the World Bank at the Economic Relations Division (ERD) office at the Sher-e-Bangla Nagar in the capital. Bangladesh and the WB have a strong partnership focused on achieving the country’s vision of upper middle-income status by 2031 and higher income status by 2041. These projects are aligned with the Eighth Five-Year Plan 2021-2025 and support the country’s graduation from LDC status in 2026 and Vision 2041. According to the agreements, the WB will finance $210 million for the “Bangladesh Enhancing Investments and Benefits for Early Years Project. A further $102 million will be used for the “Jamuna River Sustainable Management Project 1.
Source: https://www.thedailystar.net/business/news/wb-give-11b-5-projects-3477166
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|---|---|---|---|
| DJIA | $ 35,390.15 | ↑ 117.12 | ↑ 0.33 % |
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| Commodity | Close Value | Value Change | Percentage Change |
|---|---|---|---|
| Crude Oil (WTI) | $ 75.54 | ↓ 1.56 | ↓ 2.02 % |
| Crude Oil (Brent) | $ 80.58 | ↓ 0.84 | ↓ 1.03 % |
| Gold Spot | $ 2,000.82 | ↑ 8.57 | ↑ 0.43 % |
| Exchange Rates | ||
|---|---|---|
| Currency | Lowest | Highest |
| USD 1 | BDT 111.0000 | BDT 111.0000 |
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