Dhaka Bank re-elects chairman
Dhaka Bank has recently re-elected the chairman of its board of directors. The official, Abdul Hai Sarker, is also the bank’s founding chairman and chairman of Purbani Group. He is the former vice-chairman of the Bangladesh Association of Banks, former president of Bangladesh Textile Mills Association, and a former director of the Federation of Bangladesh Chambers of Commerce and Industry. He obtained a master’s degree in commerce from the University of Dhaka.
Bangladesh gets $753m for trade, connectivity
The World Bank yesterday approved a $1.03 billion financing to help improve regional trade in Bangladesh and Nepal by reducing trade and transport costs and transit time along the regional corridors.The Accelerating Transport and Trade Connectivity in Eastern South Asia (ACCESS) Programme Phase-1 will help the governments address the key barriers to regional trade — manual and paper-based trade processes, inadequate transport and trade infrastructure, and restrictive trade and transport regulations and processes.On the Bangladesh side, the $753.45 million ACCESS Project will upgrade the 43km two-lane Sylhet-Charkai-Sheola road to a climate-resilient four-lane road, connecting the Sheola Land Port with the Dhaka-Sylhet Highway. This will cut down travel time by 30 per cent.
Local firm to invest $8.5m in Uttara EPZ
Bangladeshi company Texas Clothing Ltd is going to establish a garments factory in Uttara Export Processing Zone (EPZ) in the northwest district Nilphamari by investing $8.5 million. Bangladesh Export Processing Zones Authority (Bepza) and Texas Clothing signed an agreement in this regard at Bepza Complex in Dhaka yesterday.The company will produce annually 70 lakh pieces of different garment items like woven shirt, denim pant, twill pant, jacket and woven bottom. The factory is expected to create employment opportunity for 1,450 Bangladeshi nationals.
New DMD & CBO of Modhumoti Bank
Mr. Kamrul Hasan Khan joined Modhumoti Bank Limited as DMD & Chief Business Officer on Wednesday. Prior to joining Modhumoti Bank, he was SEVP and Head of Wholesale Banking Division at Mutual Trust Bank Ltd. He has also worked in Prime Bank, HSBC and started his banking career as Probationary Officer of Eastern Bank Ltd. Mr. Khan has a professional career of 22 years in banking sector.He has professional exposure in various capacities including Trade Services, Banking Business Restructuring, Corporate & Commercial Banking, Implementation of Core Banking Software and overall Banking Operations. Mr. Khan obtained his B.Sc. (Electronics) from the University of Pune, India and MBM from Bangladesh Institute of Bank Management (BIBM) and later he completed his MBA from IBA, University of Dhaka.
Local and Global Stock Indices *
|Index Name||Close Value||Value Change||Percentage Change|
|FTSE100||$ 7,312.32||↓11.09||↓0.15 %|
|Nikkei 225||$ 26,450.63||↓353.97||↓1.32 %|
World Commodities *
|Commodity||Close Value||Value Change||Percentage Change|
|Crude Oil (WTI)||$ 109.99||↑0.21||↑0.19 %|
|Crude Oil (Brent)||$ 116.34||↑0.08||↑ 0.07 %|
|Gold Spot||$ 1,816.85||↓0.88||↓0.05 %|
Major Currencies Exchange Rates Movement in Last Seven Days *
|USD 1||BDT 93.4491|
|GBP 1||BDT 113.8688|
|EUR 1||BDT 98.3187|
*World Commodities & Local and Global Stock Indices data are taken from bloomberg.com<
* Exchange Rates are taken from BB website, as on latest update.<