UAE-Bangladesh Business Council to be launched next month
Bangladesh’s apex trade body, the Federation of Bangladesh Chambers of Commerce and Industries (FBCCI), and its counterpart in the United Arab Emirates, the UAE Federation of Chambers of Commerce and Industry, are all set to launch a council next month in a bid to enhance business cooperation. To this end, the FBCCI held a preparatory meeting at its office in Dhaka on Saturday, in which office bearers of the organisation and several other business leaders and policy analysts took part. Called UAE-Bangladesh Joint Business Council, the cooperation platform is expected to help Bangladesh boost trade with the Middle East, Africa as well as Europe. The council is scheduled to be launched during the visit of Prime Minister Sheikh Hasina to Dubai next month. FBCCI plans to highlight Bangladesh’s sector-based investment and export prospects in the inaugural ceremony.
NatGeo Super Factories to showcase Walton’s plant
Electronics and tech giant Walton is set to be the first Bangladeshi company to be featured in National Geographic’s popular TV show “Super Factories”. The documentary to be aired at 8:30pm will give viewers an insight into Walton’s manufacturing process and its success story. Walton officials said the 44-minute documentary will show the company’s journey towards becoming the top brand in Bangladesh, and how it has established the country as a hub of technology products by manufacturing, marketing, and exporting electronics and kitchen appliances.The Super Factories series was created to give viewers a deeper understanding of hi-tech factories and expand their knowledge. The National Geographic India authorities said they aim to showcase the compelling journey of Walton Group, highlighting their innovative approach to adapt to evolving technologies.
Foreign aid disbursement, commitment rises
Foreign assistance disbursement and commitment both increased in Bangladesh in the first seven months of the current fiscal year thanks to speedy release of funds and additional promises as support for tackling the pandemic. Meanwhile, the use of foreign assistance increased 28.42 per cent year-on-year to $4.7 billion, according to data from the Economic Relations Division (ERD).The Asian Development Bank (ADB) topped the fund disbursement list with $1.7 billion.
Local and Global Stock Indices *
|Index Name||Close Value||Value Change||Percentage Change|
|FTSE100||$ 7,489.46||↑282.08||↑3.91 %|
|Nikkei 225||$ 26,476.50||↑505.68||↑1.95 %|
World Commodities *
|Commodity||Close Value||Value Change||Percentage Change|
|Crude Oil (WTI)||$ 91.59||↓1.22||↓1.31 %|
|Crude Oil (Brent)||$ 97.93||↓1.15||↓1.16 %|
|Gold Spot||$ 1,889.34||↓14.55||↓0.76 %|
Major Currencies Exchange Rates Movement in Last Seven Days *
|USD 1||BDT 86.00|
|GBP 1||BDT 116.4956|
|EUR 1||BDT 97.2918|
*World Commodities & Local and Global Stock Indices data are taken from bloomberg.com<
* Exchange Rates are taken from BB website, as on latest update.<