Nagad-linked investors desperate for multipurpose NBFI licence
A group of investors linked with mobile financial service operator Nagad Ltd have turned desperate to obtain a multipurpose licence that does not exist in Bangladesh. They are vying for a permission that would licence their company to simultaneously operate as a non-bank financial institution (NBFI), mobile financial service (MFS) provider and microcredit lender.Why the investors are pressing for a three-in-one licence is still subject to huge speculation. But what is clear is that financial experts are not in favour of a hybrid financial institution. They instead recommend adopting more regulations for the 34 companies in the NBFI sector.
Invest to develop climate-smart agriculture
Agriculture Minister Muhammad Abdur Razzaque yesterday urged rich nations to invest more to invent climate-smart agriculture and food systems and support developing countries. He also urged them to establish climate justice to sustain agricultural production and food security by tackling the adverse effects of global warming. The AIM for Climate is a joint venture between the United Arab Emirates and the United States. It was officially launched at the 26th United Nations Climate Conference in Glasgow of Scotland last year. The objective of the five-year initiative is to increase investment, research and expansion of cooperation in the innovation of climate-smart agricultural technology and food systems to address the adverse effects of climate change. Initially, $4 billion has been invested. At present, 36 countries, including Bangladesh, and 75 non-governmental organisations are partners of the platform.
Chattogram port sets record in container handling in January
Chattogram port has set a record in container handling and goods transport in January 2022. A record number of 292,000 containers were handled at the country’s premier seaport, in the first month of the new year. Chattogram Port Secretary Omar Farooq confirmed the matter today and said that a record number of two lakh 92 thousand single containers were unloaded at the port in January this year alone.According to the data, an average of 2 lakh 68 thousand TEUS containers have been handled in Chattogram Port every month in January 21. The container handling was 2 lakh 80 thousand units in January 2021.
Local and Global Stock Indices *
|Index Name||Close Value||Value Change||Percentage Change|
|Nikkei 225||$ 26,292.21||↓618.66||↓2.30%|
World Commodities *
|Commodity||Close Value||Value Change||Percentage Change|
|Crude Oil (WTI)||$ 93.86||↓2.79||↓3.06%|
|Crude Oil (Brent)||$ 96.87||↑1.48||↑1.55%|
|Gold Spot||$ 1,908.57||↑2.28||↑0.12%|
Major Currencies Exchange Rates Movement in Last Seven Days *
|USD 1||BDT 86.00|
|GBP 1||BDT 116.9084|
|EUR 1||BDT 97.3950|
*CURRENCIES AND COMMODITIES ARE TAKEN FROM BLOOMBERG.<