PM offers economic zone to Bhutan for mutual benefits
Prime Minister Sheikh Hasina has offered Bhutan to build an economic zone in Bangladesh for mutual benefits as Bhutanese King Jigme Khesar Namgyel Wangchuck and Queen Jetsun Pema had a meeting with her. The Bangladesh premier said they have already provided economic zones in Bangladesh to India, Japan and South Korea. The Bhutanese King and Queen highly praised the economic advancement of Bangladesh under the dynamic leadership of Sheikh Hasina. Bhutanese King Jigme Khesar Namgyel Wangchuck has expressed his desire to get direct transit with Bangladesh through India.
BGMEA, Taiwan to collaborate on manmade fibre
The BGMEA and Taiwan Textile Research Institute (TTRI) will work together to enhance the capacity of Bangladesh’s garment industry, especially in manufacturing high-end products made with manmade fibre (MMF). The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) signed a memorandum of understanding (MoU) with TTRI in Taipei of Taiwan on May 4 to this end, according to a press release issued yesterday. The MoU also aims to foster collaboration on building capacity of the industry through sharing knowledge and expertise in technology adaptation, skills development, innovation, resource efficiency and circularity.
Narsingdi’s clout as industrial hub grows
New industries are being set up in Narsingdi as the district’s road connectivity with the capital has seen a remarkable improvement in recent years. Thanks to the improvement of road infrastructure, travelling time between Dhaka and Narsingdi has gone down significantly, accelerating rapid industrialisation. Earlier, the travelling time to Dhaka from Narsingdi, just 57 kilometres off the capital city, was two and a half hours to three hours. It now takes less than one and a half hours thanks to a 300-foot highway in Dhaka’s Kuril area. The number of textile mills, electronic products and food items manufacturing industries and power looms is increasing in the district. Besides, Madhabdi and Narsingdi sadar, hubs for textile industries, are close to the industrial belt of Narayanganj, so industrialisation is accelerating in its adjoining areas, Momen added. Some 448 businesspersons secured registration as general and associate members from the district chamber in 2021 and 2022. The number of people registered with the trade body is already around 200 in the first three months of 2023.
Local and Global Stock Indices *
|Index Name||Close Value||Value Change||Percentage Change|
|↑ 546.64||↑ 1.65 %|
|FTSE100||$ 7,778.38||↑ 75.74 ||↑ 0.98 %|
|Nikkei 225||$ 29,157.95||↑ 34.77||↑ 0.12 %|
World Commodities *
|Commodity||Close Value||Value Change||Percentage Change|
|Crude Oil (WTI)||$ 71.34||↑ 2.78||↑ 4.05 %|
|Crude Oil (Brent)||$ 75.30||↑ 2.80||↑ 3.86 %|
|Gold Spot||$ 2,016.79||↓ 33.49||↓ 1.63 %|
Major Currencies Exchange Rates Movement in Last Seven Days *
|USD 1||BDT 106.8000||BDT 107.0000|
*World Commodities & Local and Global Stock Indices data are taken from bloomberg.com<
* Exchange Rates are taken from BB website, as on latest update.<