Govt takes Tk 438cr project to cultivate fallow lands
The government has taken on a Tk 438 crore project to cultivate fallow lands across the country, according to Agriculture Minister Muhammad Abdur Razzaque. Bangladesh has 87.96 lakh hectares of arable land, of which 83.41 lakh hectares are already under cultivation. The remaining 4.55 lakh hectares of land remains fallow, data from the Bangladesh Bureau of Statistics shows.
Prime Bank gets new MD & CEO
Hassan O Rashid has joined Prime Bank Limited as its new managing director and chief executive officer. Prior to joining Prime Bank, Mr. Rashid was additional managing director at Eastern Bank Limited. In his eight-year stint, he is lauded for his leadership role in achieving balance sheet growth and driving transformation journey of Eastern Bank. Mr. Rashid brings in over 27 years of experience in the banking industry both in local and multinational banks in senior positions in Corporate, Risk Management, SME and Retail Banking. He started his career with Credit Agricole Indosuez and later moved to HSBC and Standard Chartered Bank in different senior leadership positions.
Nucor plans $164m steel plant
Nucor has planned to build a $164 million tubular steel plant in the Midwest, report agencies. The new mill will be able to produce about 250,000 tonnes of hollow structural section tubing, mechanical steel tubing and galvanised solar torque tube.
Local and Global Stock Indices *
|Index Name||Close Value||Value Change||Percentage Change|
|↑ 293.05||↑ 0.90 %|
|FTSE100||$ 6,761.47||↑ 24.51 ||↑ 0.36 %|
|Nikkei 225||$ 29,717.83||↑ 506.19||↑ 1.73 %|
World Commodities *
|Commodity||Close Value||Value Change||Percentage Change|
|Crude Oil (WTI)||$ 65.61 ||↓ 0.41||↓ 0.62 %|
|Crude Oil (Brent)||$ 69.22 ||↓ 0.41||↓ 0.59 %|
|Gold Spot||$ 1,727.11||↑ 4.51||↑ 0.26 %|
Major Currencies Exchange Rates Movement in Last Seven Days *
|USD 1||BDT 84.8015|
|GBP 1||BDT 118.1624|
|EUR 1||BDT 101.1597|
*CURRENCIES AND COMMODITIES ARE TAKEN FROM BLOOMBERG.<