Investment proposals soar 50pc despite pandemic
The current financial year’s first three months recorded 46 per cent higher investment proposals, both domestic and foreign, year-on-year in spite of the pandemic, said Bangladesh Investment Development Authority (Bida) yesterday. Proposals of about Tk 20,464 crore in investments have been registered during this period of 2021-22. Between July and September of financial year 2020-21, it was Tk 13,964 crore. If the latest proposals are implemented, about 29,000 new jobs will be created. The latest offers came from 189 industries, of which 177 are local. They plan on putting to use around Tk 18,587 crore, which is Tk 5,887 crore higher than that last year. Of the remaining companies, seven are wholly foreign while five joint ventures with locals. They proposed investing Tk 1,877 crore. During the same three months last financial year, 20 non-local industries had come up proposing to invest Tk 1,285 crore.
Go for tech-oriented business landscape, executives at CXO Summit 2021
Corporate leaders have to embrace the new business landscape shaped by technology-oriented developments to expedite their journeys, given the ever-changing realities of the evolving pandemic, believe senior private sector executives in Bangladesh. Ensuring corporate governance is essential to make business sustainable, they told CXO Summit 2021 at Radisson Blu Dhaka Water Garden organised by the Valor of Bangladesh, a platform to facilitate constructive dialogue amongst industry leaders, corporates and academia.
Apex clinches Green Factory Award 2020
Apex has won the ‘Green Factory Award 2020’ given by the labour and employment ministry. The award was handed over at a programme at Osmani Memorial Auditorium on Wednesday. The initiative recognises the ongoing efforts of Bangladeshi companies to curb the adverse practices of global warming and address the impacts of climate change. The labour and employment ministry conferred the award to a total of 30 organisations in six sectors.
Local and Global Stock Indices *
|Index Name||Close Value||Value Change||Percentage Change|
|↑ 216.30||↑ 0.61 %|
|FTSE100||$ 7,291.78||↓ 29.48||↓ 0.40 %|
|Nikkei 225||$ 28,437.77||↓ 287.70||↓ 1.00 %|
World Commodities *
|Commodity||Close Value||Value Change||Percentage Change|
|Crude Oil (WTI)||$ 71.67||↑ 0.73||↑ 1.03 %|
|Crude Oil (Brent)||$ 75.15||↑ 0.73||↑ 0.98 %|
|Gold Spot||$ 1,782.84||↑ 7.51||↑ 0.42 %|
Major Currencies Exchange Rates Movement in Last Seven Days *
|USD 1||BDT 85.8000|
|GBP 1||BDT 113.8995|
|EUR 1||BDT 97.0827|
*CURRENCIES AND COMMODITIES ARE TAKEN FROM BLOOMBERG.<