Garment, accessory makers form joint panel to boost apparel export
The manufacturers of garment and its accessories today formed a joint committee to expedite export of apparel items. The committee was formed by the leaders of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) and Bangladesh Garments Accessories and Packaging Manufacturers and Exporters Association (BGAPMEA) to ensure better supply chain collaboration and mutual benefits. The 11-member committee headed by BGMEA Vice President Md Nasir Uddin will act as a bridge between the manufacturers of garments and accessories and packaging to strengthen business relationship through collaboration. The committee will deal with trade related issues and settle disputes that arise among garments manufacturers and accessories-packaging suppliers.
BRAC Bank crosses 700 Agent Banking Outlets
BRAC Bank has crossed 700 milestone by opening 705 Agent Banking Outlets as rapid network expansion drive across the country continues. It now serves 1.40 lac unbanked people mostly in rural and semi-urban parts of the country as the channel’s rural penetration hits the industry highest at 77%. Agent Banking Channel carries out over 186,000 transactions worth over BDT 1,600 Crore per month. From account opening, to cash withdrawal, availing loan to EMI payment, remittance service, utility bill payment – Agent Banking Outlets are now the place to go for the local people for any day-to-day banking. Close proximity and variety of services make the outlets center point of financial solutions in rural Bangladesh. All services available in branches are also served at agent banking outlets. The customers can also avail any account opening including DPS and FDR, daily transactions, transfer funds, foreign remittance, corporate bill collection, credit card bill, payments of insurance premiums, SME loan disbursement & repayment collection, retail loan lead generation and many more services.
Mashrur Arefin reappointed as City Bank MD & CEO
Mashrur Arefin has been reappointed as the managing director & CEO of The City Bank Limited for another term of three years. Mashrur’s reappointment approved by the Board of Directors of the bank has received positive nod by Central Bank effective from January 2022.
Local and Global Stock Indices *
|Index Name||Close Value||Value Change||Percentage Change|
|↓ 543.34||↓ 1.51 %|
|FTSE100||$ 7,563.55||↓ 47.68||↓ 0.63 %|
|Nikkei 225||$ 27,592.18||↓ 665.07||↓ 2.35 %|
World Commodities *
|Commodity||Close Value||Value Change||Percentage Change|
|Crude Oil (WTI)||$ 86.66 ||↑ 1.23||↑ 1.44 %|
|Crude Oil (Brent)||$ 88.61||↑ 1.10||↑ 1.26 %|
|Gold Spot||$ 1,811.93||↓ 1.81||↓ 0.10 %|
Major Currencies Exchange Rates Movement in Last Seven Days *
|USD 1||BDT 86.00|
|GBP 1||BDT 117.3814|
|EUR 1||BDT 98.1346|
*CURRENCIES AND COMMODITIES ARE TAKEN FROM BLOOMBERG.<