Bangabandhu Shilpa Nagar: 2 companies begin production, more to follow
Two companies in Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN), the country’s largest industrial city in Chattogram, have gone into production this year while two others are gearing up for production next year. Ferdous Wahid, assistant engineer of Bangladesh Economic Zones Authority (Beza), told The Business Standard (TBS), “Asian Paints Bangladesh Ltd started production in April this year and Nippon-McDonald – a joint venture company of Japanese Nippon Steel Corporation and Bangladeshi McDonald Steel Building Products Ltd – went into production earlier in March. The paints and steel sheets produced by these companies are being supplied in the domestic market. Nippon-McDonald set up the steel factory on 10 acres of land with an investment of Tk114 crore. It began trial production on 25 January. McDonald Steel’s Project Manager Abdullah Al Mamun told TBS that the company delivered the first consignment of 20 tonnes of steel to the Bangladesh Bridge Authority on 23 March. Production has continued ever since. Mild steel plates are being manufactured in this factory.
National Bank rolls out multi-currency debit card
National Bank Limited launched its first-ever Visa-branded, EMV Chip-enabled Multi-Currency Debit Card with NFC (Near Field Communication) technology under Q-Cash Network at an event at its Head Office in Dhaka. This Debit Card can be used both locally and internationally. The cardholders can use the card to make both local and international POS, E-commerce and ATM cash withdrawal transactions provided that the cardholder has endorsed against his or her passport as per the central bank’s rules and subject to have sufficient balance in NBL-linked savings or current accounts.
Trendy Textiles to invest $39m in Dhaka EPZ
Trendy Textiles Ltd, a local company, will invest $38.99 million to establish a knit composite textile factory in the Dhaka Export Processing Zone (EPZ). Some 2,993 Bangladeshi nationals will get jobs in the company. The company will annually produce 15 million pieces of t-shirt, tank-top, polo-shirt, sweat-shirt, cotton and CVC fleece jacket and trousers, hoodies, fancy ladies and children wear along with sportswear.
Local and Global Stock Indices *
|Index Name||Close Value||Value Change||Percentage Change|
|↓ 154.02||↓ 0.47 %|
|FTSE100||$ 7,488.11||↓ 45.68||↓ 0.61 %|
|Nikkei 225||$ 28,359.10||↓ 93.65||↓ 0.33 %|
World Commodities *
|Commodity||Close Value||Value Change||Percentage Change|
|Crude Oil (WTI)||$ 93.69 ||↓ 0.05||↓ 0.05 %|
|Crude Oil (Brent)||$ 100.08||↓ 0.14||↓ 0.14 %|
|Gold Spot||$ 1,745.04||↓ 3.11||↓ 0.18 %|
Major Currencies Exchange Rates Movement in Last Seven Days *
|USD 1||BDT 95.0000|
|GBP 1||BDT 111.8055|
|EUR 1||BDT 94.4680|
*World Commodities & Local and Global Stock Indices data are taken from bloomberg.com<
* Exchange Rates are taken from BB website, as on latest update.<