Bangladesh now has 150 green garment factories – highest in the globe
Bangladesh now has the highest number of green garment factories in the globe with the Leadership in Environmental and Energy in Design (LEED) certification given by the United States Green Building Council (USGBC). Even a few months ago, the number of green buildings was 144, but this month the tally touched 150 with the last one’s inclusion in the list on October 7, according to Bangladesh Garment Manufacturers and Exporters Association. Of the 150, some 44 are platinum rated, 93 are gold, 9 are silver standard and four are just certified. Some 500 more garment factories are waiting to be certified LEED by the USGBC. Currently, nine of the top 10 green garment factories and 40 of the top 100 are located in Bangladesh.
Int’l trade summit from Oct 26
A week-long international trade and investment summit will be organised from October 26 celebrating the birth centenary of Bangabandhu Sheikh Mujibur Rahman and 50 years of Bangladesh’s independence. The virtual “Bangladesh Trade & Investment Summit 2021” will be jointly hosted by the Ministry of Commerce and Dhaka Chamber of Commerce & Industry (DCCI). Bangladesh has made remarkable progress, especially in electricity generation and infrastructure development, which is an added advantage to attracting foreign trade and investment. A total of 552 companies from 38 countries, along with Bangladesh, of five continents will participate in 450 business-to-business matchmaking sessions, which will help explore new business opportunities and attract FDI.
Southeast Bank launched five agent banking outlets
Southeast Bank Limited launched five agent banking outlets. The Bank formally launched three ‘Tijarah’-Islamic Agent Banking outlets at Rayarmahal Bazar, Khulna; Kumudini College Gate, Tangail; Bisot Bazar, Satkhira; and two Conventional Agent Banking Outlets at Sagorika Shopping Mall, Noapara Bus stand, Avoynagar, Jessore and Bhanga Court Par Bazar, Faridpur. M. Kamal Hossain, Managing Director of Southeast Bank Limited, inaugurated the formal operation of 3 Islamic and 2 Conventional Agent Banking outlets.
DESCO EPS rises sharply
Dhaka Electric Supply Company (DESCO) saw a sharp rise in EPS (earnings per share) for the year ended on June 30, 2021 compared to same period of previous year. The company’s EPS rose 61 per cent or Tk 0.71 to close at Tk 1.86 for the year ended on June 30, 2021 from Tk 1.15 reported for previous year. The company has also reported its NAV per share of Tk. 65.24 and NOCFPS of Tk. 14.82 for the year ended on June 30, 2021 as against Tk. 46.76 and Tk. 11.10 respectively for the same period of the previous year. For the year ended on June 30, 2021 the company has recommended 10 per cent cash dividend. DESCO, presently an ‘A’ category company, was listed on stock exchanges in 2006. The government holds 67.66 per cent of DESCO while institutes hold 23.76 per cent shares, foreigners 0.06 per cent and general public 8.52 per cent as on September 30, 2021.