Dhaka Bank’s 28th annual general meeting held
Dhaka Bank Limited’s 28th annual general meeting was held virtually from its head office on Sunday. Abdul Hai Sarker, chairman of the Board of Directors, presided over the meeting. Directors, vice chairman, independent directors, MD & CEO, and shareholders joined the meeting. They approved a 6 per cent cash and 6 per cent stock dividends for 2022.
Chinese company to invest $9.5 million in Mongla EPZ
China’s M/s Yuanshun Enterprise Company Limited has announced its plans to establish a packaging industry at the Mongla Export Processing Zone (Mongla EPZ). With an investment of $9.49 million, this venture is expected to generate employment opportunities for 490 Bangladeshi nationals. The newly established company, fully owned by foreign investors, will focus on producing various types of packaging boxes including paper boxes, jewellery boxes, jewellery bags, watch boxes, gift boxes, and cartoons. It aims to manufacture 10 million pieces annually to cater to the growing demand for quality packaging solutions.
Agribusiness bears highest potential among emerging sectors
Agribusiness in Bangladesh, including food processing and associated machinery production, has the highest potential among eight emerging sectors, with domestic market sales estimated to reach $8 billion by 2025, according to Bangladesh Investment Development Authority (Bida). In 2021, the country’s domestic market size was $3.2 billion and it is expected to be $8 billion by 2025. The immense potential of agribusiness is in the manufacture of processed foods, vegetable or fruit products, milk, dairy products, edible oil etc. Agricultural export from Bangladesh has grown 18 per cent over the last five years. The apex investment promotion agency’s official shared the statistics with a trade delegation of the Netherlands which arrived on a three-day visit yesterday to promote bilateral cooperation in the dairy and horticulture sectors. Bangladesh has now been ranked among the top 10 countries in the world in the production of various crops. There’s a lot of potential here.
Local and Global Stock Indices *
|Index Name||Close Value||Value Change||Percentage Change|
|↓ 245.25||↓ 0.71 %|
|FTSE100||$ 7,569.31||↓ 19.17||↓ 0.25 %|
|Nikkei 225||$ 33,601.90||↑ 212.99||↑ 0.64 %|
World Commodities *
|Commodity||Close Value||Value Change||Percentage Change|
|Crude Oil (WTI)||$ 70.50||↓ 1.28||↓ 1.78 %|
|Crude Oil (Brent)||$ 76.31||↑ 0.41||↑ 0.54 %|
|Gold Spot||$ 1,936.35||↓ 0.07||↓ 0.00 %|
Major Currencies Exchange Rates Movement in Last Seven Days *
|USD 1||BDT 108.4900||BDT 109.0000|
*World Commodities & Local and Global Stock Indices data are taken from bloomberg.com<
* Exchange Rates are taken from BB website, as on latest update.<