BEZA launches new project to boost capacity, lure investments
Bangladesh Economic Zones Authority (BEZA) has taken an initiative to enhance its capacity to better manage industrial parks and thus attract more investments. To this effect, the BEZA on Tuesday inaugurated a new project, titled ‘Capacity Building of BEZA on EZ Management and Investment Promotion’, with the technical support from Japan International Cooperation Agency (JICA). International agencies like JICA have been playing a vital role by providing support to the Bangladesh investment promotion agency. Presenting the findings of a recent survey, JETRO Country Representative Yuji Ando said 68 per cent of Japanese companies surveyed had shown interest in expanding their business in Bangladesh.
Tk 1.5b from CMSF in stocks
The Investment Corpo-ration of Bangladesh (ICB) has ploughed Tk 1.5 billion into the stock market from the Capital Market Stabilisation Fund (CMSF). Earlier, it received Tk 1.0 billion from the CMSF with an eye to enhancing liquidity support in the market. On April 18, the state entity invested another Tk 500-million funds received from the CMSF. The CMSF comprises undistributed or unsettled dividends, say cash, stock and rights. Officials say the CMSF has so far received Tk 4.50 billion in cash and shares worth Tk 3.25 billion in market price from the issuers of the listed securities. As sponsor, the CMSF has already contributed Tk 500 million to the fund to be floated in order to facilitate the stabilisation of the market.
New DMD of BRAC Bank
The board of BRAC Bank Limited has promoted the bank’s Head of Treasury and Financial Institutions, Md. Shaheen Iqbal, CFA to the position of Deputy Managing Director. Mr. Iqbal rose to the role of Head of Treasury and Financial Institutions in 2014 and contributed significantly to establishing BRAC Bank Treasury as the leader in the market.
StanChart completes host-to-host ERP connectivity in poultry sector
Standard Chartered Bangladesh has established a host-to-host (H2H) integration solution for Suguna Food and Feeds Bangladesh Private Limited (Suguna), one of the largest multinational feed companies operating in the poultry industry of Bangladesh. The bank was the first to introduce the concept of host-to-host integration in cash management for businesses in different sectors in Bangladesh, and now have also introduced this service for the poultry segment, says a press release. This connectivity will enable Suguna to process domestic payments from their Enterprise Resource Planning (ERP) system. Suguna will also have access to all required MIS reports in its ERP system.
Local and Global Stock Indices *
|Index Name||Close Value||Value Change||Percentage Change|
|↓ 981.36||↓ 2.82 %|
|FTSE100||$ 7,521.68||↓ 106.27||↓ 1.39 %|
|Nikkei 225||$ 27,105.26||↓ 447.80||↓ 1.63 %|
World Commodities *
|Commodity||Close Value||Value Change||Percentage Change|
|Crude Oil (WTI)||$ 102.07||↓ 1.72||↓ 1.66 %|
|Crude Oil (Brent)||$ 106.65||↓ 1.68||↓ 1.55 %|
|Gold Spot||$ 1,931.60||↓ 20.02||↓ 1.03 %|
Major Currencies Exchange Rates Movement in Last Seven Days *
|USD 1||BDT 86.2000|
|GBP 1||BDT 112.6634|
|EUR 1||BDT 93.5615|
*World Commodities & Local and Global Stock Indices data are taken from bloomberg.com<
* Exchange Rates are taken from BB website, as on latest update.<