Govt to take initiatives to boost tea exports
Tea production in Bangladesh was 60 million kg in 2009, which increased to 97.51 million kg in 2021, but the product is not exported much, so the government has decided to take steps to increase its export, said Commerce Minister Tipu Munshi. National Tea Day is being celebrated for the second time in the country this year. The National Tea Day is being observed on 4 June to commemorate his birth centenary, his outstanding contribution to the tea industry and his joining as the chairman of the Tea Board.
Small investments creating jobs
Small investments in the cottage and micro sectors are playing an important role in employment generation and sustainable development of the country, said Bangladesh Bank Governor Fazle Kabir at a conference. Islami Bank Bangladesh Ltd (IBBL) organised the conference on “The Micro and SME Entrepreneur” at a local hotel in Rajshahi. The governor called upon micro and SME entrepreneurs to work harder to expand their business through regular repayment of investments. Highlighting the role of Islami Bank during the Covid-19 pandemic, he said IBBL performed an excellent job in disbursing stimulus packages.
IDLC Finance to begin shariah-compliant business
IDLC Finance, a listed company, has decided to commence shariah-compliant business to diversify its operations. The company’s board of directors has taken the decision of providing shariah compliant services in a meeting held recently. To commence the shariah compliant business, the company will open a separate wing. Asked, a senior official of the IDLC Finance said around 25 per cent clients who prefer shariah services are presently out of the company’s existing services. IDLC Finance, presently an ‘A’ category company, was listed with the stock exchanges in 1992. The company’s sponsor-directors hold 56.66 per cent shares, institutes 25.64 per cent, foreigners 3.74 per cent and general shareholders 13.96 per cent as on April 30, 2021.
Local and Global Stock Indices *
|Index Name||Close Value||Value Change||Percentage Change|
|↓ 348.58||↓ 1.05 %|
|FTSE100||$ 7,532.95||↓ 74.71||↓ 0.98 %|
|Nikkei 225||$ 27,761.57||↑ 347.69||↑ 1.27 %|
World Commodities *
|Commodity||Close Value||Value Change||Percentage Change|
|Crude Oil (WTI)||$ 118.87||↑ 2.00||↑ 1.71 %|
|Crude Oil (Brent)||$ 119.72||↑ 2.11||↑ 1.79 %|
|Gold Spot||$ 1,851.19||↓ 17.39||↓ 0.93 %|
Major Currencies Exchange Rates Movement in Last Seven Days *
|USD 1||BDT 89.0000|
|GBP 1||BDT 112.2112|
|EUR 1||BDT 95.5593|
*World Commodities & Local and Global Stock Indices data are taken from bloomberg.com<
* Exchange Rates are taken from BB website, as on latest update.<