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
A latest mechanism of bank-insurance partnership is now in the formative stage to facilitate the sale of insurance products through the banking channel. The proponents of partnership think it may change Bangladesh’s insurance landscape “dramatically”. Sources close to the process say the move is getting increasing importance to the regulators concerned in recent times while the central bank has also shown interest in such alliance-based business in finances.
Source: http://print.thefinancialexpress-bd.com/2017/02/20/165331
Banks are in a race to hook big business clients, ignoring any efforts to deepen financial inclusion, experts said. “Financial inclusion is designed mainly for the unbanked population, but here, all are working for those who are already privileged and covered by the banking channel,” said Toufic A Choudhury, director general of the Bangladesh Institute of Bank Management. Choudhury’s comments came at a session during the second annual economists’ conference of the South Asian Network on Economic Modelling (Sanem) held at the Brac Centre Inn in the city. The hefty charges currently placed on mobile financial services are also a barrier to financial inclusion, he said. At present, users have to pay 1.85 percent as commission. “Financial literacy is another key to achieving optimum inclusion, and we need to run a very conclusive programme on that,” Choudhury added. Banks are not innovative in product designing and they are only interested in the big borrowers, said Salehuddin Ahmed, former governor of the central bank.
Source: http://www.thedailystar.net/business/no-sincere-efforts-deepen-financial-inclusion-analysts-1364116
Customers of bKash will get 10 percent cashback if they purchase books through bKash from the select publishers’ outlets at the month-long Amar Ekushey Grontho Mela. A total of 112 publishing houses will accept bKash payment at the book fair which began on February 1, 2017 on the Bangla Academy premises, according to a statement. The cashback offer remains available for the customers till February 28, the last day of the fair. bKash extended the same offer to its customers in the previous three occasions as well.
Source: http://www.thedailystar.net/business/bkash-offers-10pc-cashback-purchase-book-fair-1364074
The country’s import payments registered a 34.5% growth in January this year against the 5.0% negative growth in the corresponding month of 2016 due to a rise in payments for petroleum products and some other commodities. According to the latest Bangladesh Bank data, letters of credit involving USD 3.9 billion were settled in January this year against USD 2.9 billion settled in the same month of 2016. The import payments accounted for USD 3.0 billion in January of 2015. A BB official told New Age on Sunday that the settlement of LCs, or actual import payments, increased significantly in January of the current fiscal year 2016-17 as the majority of food products, petroleum products, industrial raw materials and capital machinery rose on the global market during the month. The import of petroleum products increased by 150.8% to USD 218.0 million in January 2017 from USD 87.0 million during the same month a fiscal year ago as the country’s industrial units depended on the products due to the persistent crisis of natural gas.
Source:
http://www.newagebd.net/article/9558/jan-imports-up-34pc-on-intl-oil-price-hike
http://print.thefinancialexpress-bd.com/2017/02/20/165341
State Minister for Power, Energy and Mineral Resources Nasrul Hamid said if industrial units are set up in unplanned way, the government will not supply gas and energy to those plants. He urged the investors to develop their plants in designated industrial zones, not in farm lands. State minister, however, assured investors in industrial zones of supplying necessary power and gas to their industrial plants.About the country’s electricity situation, he said the government has achieved “a lot” in power generation, though it’s yet to reach its goal.
Source: http://www.dhakatribune.com/business/2017/02/19/no-gas-industries-built-unplanned-way/
A visiting Chinese delegation urged the government on Sunday to solve difficulties in attracting more Chinese investment in Bangladesh. He was talking to the media after a business meeting at the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI). The delegation of Chinese government officials and entrepreneurs is a follow up of the Chinese president’s visit to Bangladesh last year. They were working to facilitate the Chinese investments proposed recently in different sectors and infrastructure developments projects of Bangladesh. Mr Lyu, however, termed Bangladesh as one of the most attractive investment destinations in Asia, despite having difficulties like poor backward infrastructure and in getting services from different government agencies.
Source:
http://print.thefinancialexpress-bd.com/2017/02/20/165338
http://www.newagebd.net/article/9553/bdesh-may-lose-potential-chinese-investment-if-climate-not-improved
Western Marine Group has signed an agreement with Evergreen Shipping Ltd to build 20 class cargo ships. The agreement on building of 20 units of the ships was signed at the office of Evergreen Shipping Ltd in Chittagong on February 16. Managing Director of Western Marine Shipping Ltd Md Sakhawat Hossain along with Captain ABM Fazle Rabbi, Managing Director of New Western Marine Shipbuilders Ltd, and Md Mostan Billa Adil, Managing Director of Evergreen Shipping Ltd, signed the agreement on behalf of their respective sides. Under the agreement, Western Marine Group will build 20 units of class cargo ships to be delivered to Evergreen Shipping within next 36 months. The ships will be built at an estimated cost of BDT 2.5 billion (BDT 250 crore) which could be considered one of the biggest contracts in terms of the number of ships to be built concurrently in the history of Bangladesh shipbuilding industry.
Source: http://print.thefinancialexpress-bd.com/2017/02/20/165299
Country’s leading pharmaceutical manufacturers on Saturday said that penetrating overseas markets was a big challenge for Bangladesh’s pharmaceutical sector despite having huge export potential as the sector lacked highly skilled professionals required for the job. This is the right time to sit with the country’s academicians to upgrade the university curriculums to address the requirements of the industry, they said at the Samson H Chowdhury Memorial Conference on Bangladesh pharmaceutical industry. Square Pharmaceuticals Limited organised the conference at the Dhaka Club in the capital. Samson H Chowdhury, who died on January 5, 2012, was the founder of Square Group, one of the country’s business conglomerates.
Source: http://www.newagebd.net/article/9462/lack-of-skilled-professionals-challenge-for-pharma-export
Fifty-six entrepreneurs yesterday received the CIP or commercially important person’s status in recognition of their contribution to the economy. Industries Minister Amir Hossain Amu handed over the CIP cards for 2015 at a function at Hotel Purbani in the city. Among the recipients, 25 belong to large-scale category, 15 to medium category, five to small-scale category, two to micro industry category and two to cottage industry category. The recipients of CIP cards will enjoy different government-offered privileges for the next one year starting from yesterday. The cardholders will also get invitations to different national functions and civil receptions organised by the city corporations. At the event, Amu hoped the CIPs would involve themselves in the efforts to build an industrialised Bangladesh.
Source: http://www.thedailystar.net/business/56-industrialists-get-cip-cards-1364104
| Index Name | Close Value | Value Change | Percentage Change |
|---|---|---|---|
| DSEX | 5,583.01 | ↓7.66 | ↓0.14% |
| Dow Jones Industrial Average | 20,624.05 | ↑4.28 | ↑0.02% |
| Nikkei 225 | 7,299.96 | ↑22.04 | ↑0.30% |
| FTSE 100 | 19,268.78 | ↑34.16 | ↑0.18% |
| Commodity | Close Value | Value Change | Percentage Change |
|---|---|---|---|
| Crude Oil (WTI)* | $53.41 | ↑0.01 | ↑0.02% |
| Crude Oil (Brent)* | $55.81 | 0 | 0.00% |
| Gold Spot* | $1,234.05 | ↓0.55 | ↓0.04% |
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