Thrust on eco-friendly RMG production process
Every year 1,500 billion litres of water are used to dye and wash cotton and apparel for the garment industry, she said citing a study conducted by the International Finance Corporation. Most of the factories are located along the river banks and hence waste is dumped into the rivers, she explained adding that hazardous chemicals are being discharged into the water bodies affecting the marine ecosystem, reducing fish population and resulting in unsuitable land for cultivation. The global fashion industry is a US$3 trillion sector and considered to be the second biggest polluter in the world, Ms Kabir said in her presentation adding that globally, the textile sector is the second highest user of water contributing to water waste by 20 per cent, and the apparel industry emits 10 per cent of carbon dioxide alone. The paper also showed that almost 82 per cent of the supply of water in Dhaka is dependent on groundwater and to fulfil this huge demand for water, groundwater level is declining by 2-3 metres each year. Considering the existing depletion rate, it predicted that groundwater level will go down to about 110 to 115 metres by 2050 if any preventive measure is not undertaken.
Newly-elected BGMEA office-bearers take over
New office-bearers of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) took over the charge of the trade body officially on Saturday for the term of 2019-21. Dr Rubana Huq has become the new and first female president of BGMEA. Outgoing president of the trade body Md Siddiqur Rahman and his board handed over the charge to the new board of directors in its 36th annual general meeting (AGM) held at the new BGMEA complex at Uttara in the city. On April 06 the Sammilita Forum led by Ms Huq swept the biennial election to BGMEA bagging all 35 posts of director.
Summit LNG arrives at Moheshkhali
Summit LNG, a vessel with floating storage and re-gasification unit (FSRU), has arrived in the Bay of Bengal ahead of schedule to supply 500 million cubic feet of re-gasified LNG to the national grid every day. It is now moored 6 kilometers off the island of Moheshkhali in Cox’s Bazar. Summit has hired the vessel from USA’s Excelerate Energy for 15 years and carried liquefied natural gas (LNG) from Qatar. If weather permits and Petrobangla wants re-gasified LNG, Summit LNG will be able to send out the gas to the national grid in seven days. The project is part of Summit Power International’s $1 billion investment programme by 2020 to deliver power and gas to Bangladesh. SLNG awarded Geocean SAS of France and Macgregor of Norway the turnkey contract for marine work for its floating LNG storage and the regasification terminal and PSA Marine of Singapore for support vessel services at Moheshkhali. Once in operation, the facility is expected to double Bangladesh’s LNG import capacity.
StanChart puts thrust to help improve clients’ operating efficiency
Lisa Robins is Global Head of Transaction Banking at Standard Chartered and a member of Corporate and Institutional Banking Management Team. Based in Singapore, she is responsible for the bank’s transaction banking activities including cash management, trade finance, and securities services. The work StanChart is doing on digitisation and big data across the bank will allow the global bank to provide seamless solutions at the right time and help StanChart clients in Bangladesh grow on the ground and internationally. The new, easy-to-use interfaces and business models being brought to market in e-commerce and retail banking have revolutionised the customer experience, and are beginning to have an impact in the transaction banking arena. Both corporates and FIs want a more seamless experience, especially in cross-border payments. Regarding distributed ledger technology (including blockchain), there is huge potential to transform internal and external processes through digitisation of paper-based documents and contracts, and real-time domestic or cross border payments.
Social Islami Bank Limited launched a prepaid card as alternative of carrying cash for hajj expenditure, tuition
Social Islami Bank Limited launched a prepaid card as alternative of carrying cash for hajj expenditure, tuition fee, travel expense and also using as gift card.
IPDC signs MoU with Anwar Landmark
IPDC Finance Limited has signed a Memorandum of Understanding (MoU) with Anwar Landmark Ltd., one of the leading real-estate and infrastructure development companies of the country. Under the MoU, customers of Anwar Landmark will get special rate of interest to avail Home loan & Auto Loan from IPDC Finance Ltd.
Solar irrigation brings new dimension to agriculture
Solar power pump irrigation has brought a new dimension to agriculture sector across the district during the current Boro season. Reduction the pressure on underground water and proper use of surface water in the drought-prone areas are the main reasons for the initiative. More than 260 hectares of Boro fields have come under the solar irrigation in the district from where around 300 tonnes of crop would be produced. Irri-Boro cultivation requires frequent irrigation. The solar power scheme will help reduce pressure on underground water. Steps should be taken to cover all crop fields under the scheme to save the environment from further degradation.
Local and Global Stock Indices *
|Index Name||Close Value||Value Change||Percentage Change|
|Nikkei 225|| 22,200.56|| ↓110.44||↓0.50%|
World Commodities *
|Commodity||Close Value||Value Change||Percentage Change|
|Crude Oil (WTI)||$ 64.00||↑0.24||↑0.38%|
|Crude Oil (Brent)||$ 71.97||↑0.35||↑0.49%|
|Gold Spot||$1,275.52|| ↓0.30||↓0.02%|
Major Currencies Exchange Rates Movement in Last Seven Days *
|USD 1||BDT 83.6105|
|GBP 1||BDT 108.558|
|EUR 1||BDT 93.9757|
|INR 1||BDT 1.20154|
*CURRENCIES AND COMMODITIES ARE TAKEN FROM BLOOMBERG.<