Change-makers receive AAA awards
American Alumni Association (AAA) recognized individuals for their outstanding contributions towards growth of Bangladesh. AAA arranged the award giving ceremony for the recognition recently. Winners received the awards in several categories like Education, Service to Society, Business Innovation, Public Affairs, Science and Technology, Arts, Culture and sports and AAA Life Time Achievement Award. AAA, consisting of more than 650 esteemed Members, is a not-for-profit Association of graduates of American colleges and universities who are contributing greatly to the development of the Country as active citizens, either from abroad or locally. The Mission of AAA is to promote fellowship among American graduates; to assist Members to develop careers that use their abilities and education; and to maintain a database of skills that can be shared with domestic and international users. AAA also helps Members find and develop careers that best utilize their abilities and education. AAA assists visiting representatives of American colleges and universities in research and networking. It also encourages and provides counseling services to Bangladeshi students to explore the possibility of study in USA.
Addressing RMG sector’s issues
Experts at a discussion have recommended allowing foreign direct investment in the garment sector, devaluation of local currency against US dollar and restructuring of the government incentives to help the sector cope with the existing problems. These steps would also help diversify both markets and products. According to the BGMEA data presented at the meeting, some 73 per cent of the country’s total readymade garment exports ($34.13 billion) are concentrated on only five items; prices of 83 per cent of exports range up to $15 per kg and 74.14 per cent of the exports are cotton based. The data also show that about 83.34 per cent of the total RMG exports go to European Union and North America. Policy Research Institute of Bangladesh (PRI) Chairman Dr Zaidi Sattar said allowing foreign direct investment in the sector would help product diversification within the industry. Incentives should be given to the targeted groups such as entrepreneurs who are producing value-added or upgraded items, managing waste efficiently and exporting items to markets other than traditional US, EU and Canadian markets.
NRB Bank’s chairman receives CIP award from PM
Prime Minister Sheikh Hasina handed over CIP award to Mr. Mohammed Mahtabur Rahman, Chairman & Managing Director of Al Haramain Perfumes Group of Companies, UAE and Chairman of NRB Bank Limited, for his outstanding contributions to the country’s economy at a function held at BICC, Dhaka recently. Mr. Rahman has clinched the title of the Highest Remittance Sender among the remitters through proper channel for the year 2017 in the NRB Category.
REHAB fair begins in city Tuesday
A five-day ‘REHAB Winter Fair 2019’ will kick off at the city’s Bangabandhu International Conference Centre (BICC) on Tuesday to promote the country’s real estate sector. After 2013 edition of the event, record 230 stalls are taking part in the fair, where different real estate companies will provide the visitors with information on their projects and sell properties. Besides, a good number of construction materials-related business and financial institutions will participate at the fair to promote their products and services related to the housing sector.
Local and Global Stock Indices *
|Index Name||Close Value||Value Change||Percentage Change|
|↑ 78.13||↑ 0.28%|
|FTSE100||7,582.48||↑ 8.66||↑ 0.11%|
|Nikkei 225||23,816.63||↓48.22||↓ 0.20%|
World Commodities *
|Commodity||Close Value||Value Change||Percentage Change|
|Crude Oil (WTI)||$ 60.44 ||↓ 0.74||↓ 1.20%|
|Crude Oil (Brent)||$ 66.14||↓ 0.40||↓ 0.60%|
|Gold Spot||$ 1,481.64||↑ 2.84||↑ 0.19%|
Major Currencies Exchange Rates Movement in Last Seven Days *
|USD 1||BDT 83.2870|
|GBP 1||BDT 108.211|
|EUR 1||BDT 92.2111|
|INR 1||BDT 1.16973|
*CURRENCIES AND COMMODITIES ARE TAKEN FROM BLOOMBERG.<