TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK
TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK
TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK
Rate last updated: 02/01/2014 11:15:04 AM
Bangladesh Bank has rejected an application of IFIC Bank Ltd to purchase a loss-making exchange house in United States for USD 3.0 million. IFIC Bank Ltd submitted the application to the central bank on November 6, 2016 requesting to allow it to purchase a US-based exchange house namely Sunman Global Express Corporation. The bank in its application said that it wanted to purchase 100% shares worth USD 3.0 million of the exchange house to expand its business to United States. A BB official told New Age on Tuesday that it was not logical that any bank would purchase such type of a loss-making exchange house by spending USD 3.0 million or BDT 24 crore. The IFIC Bank in its application said that the exchange house had taken license in 1998 from NYS Department of Financial Services of US and it had earlier operated business namely Rupali Exchange Inc.
The Anti-Corruption Commission has sent a letter to Farmers Bank Limited asking for documents in connection with its ongoing inquiry into alleged irregularities in lending Tk 171 crore by the bank’s managing director and other directors. Commission’s deputy director Jahangir Alam sent the letter to Farmers Bank managing director AKM Shameem on Sunday asking for the documents of approved loans worth Tk 135 crore given by its Gulshan branch and Tk 36 crore given by Motijheel branch.
Source: http://www.newagebd.net/article/6709/acc-asks-for-documents-from-farmers-bank
The Bangladesh currency depreciated maximum six paisa against the US dollar in a single-day knock Tuesday, after nearly two weeks’ interval. According to treasury officials of commercial banks, the dollar was quoted at BDT 78.70-Tk 78.76 on the inter-bank foreign exchange market Tuesday against BDT 78.70 of the previous working day. They also said the international trading currency had been quoted at BDT 78.70 as single rate since December 29 last year.
Source: http://print.thefinancialexpress-bd.com/2017/01/11/161741
The government moves to make mandatory insurance policies for outbound Bangladeshis to cover financial and other losses they could suffer while living and working abroad, sources said. More often than not, the expatriates fall victim of deception sometimes by recruiters and sometimes by foreign employers. They do not give assured jobs, and benefits when the expatriates encounter accidents abroad. Bangladesh sends more than half a million workers to different parts of the world but does not currently have such insurance policies for them. People who work for rights of the expatriates said such system should have been participatory in order to avoid any rise in migration cost, which stands too high.
Source: http://print.thefinancialexpress-bd.com/2017/01/11/161697
The Awami League government had taken up a good number of infrastructure development projects since assuming office eight years ago but only a handful of those could be implemented. In the first three years of its current tenure, the government inaugurated a few of these projects which improved road and rail communications to some extent. Dhaka-Mawa-Bhanga dual carriageway expressway, Dhaka-Sylhet, Joydevpur-Elenga, and Elenga-Rangpur dual carriageways are a few of the major road expansion projects the government took up since the AL returned to power in 2014. The Dhaka-Bhanga and Joydevpur-Elenga projects seem to have good pace but ground work for the other two is yet to begin.
Source: http://www.thedailystar.net/frontpage/still-plagued-delay-cost-rise-1343485
Government project-executing agencies’ capacity stays stymied below par as they spent barely a fourth of the development-budget outlay in the first half of the current financial year, officials said. They utilized BDT 334.4 billion or barely 27% of the total BDT 1.2-trillion outlay of the Annual Development Programme (ADP) in July-December period, Implementation Monitoring and Evaluation Division (IMED) data showed.
Source: http://print.thefinancialexpress-bd.com/2017/01/11/161753
Bangladesh is likely to ink a deal with Eurasian Economic Union (EEU) for paving the way for duty-free access to the Russian market and exploring untapped export potential in East European markets, officials said. The ministry of commerce (MoC) recently finalized draft of a memorandum of understanding (MoU) in this regard which earlier the EEU had forwarded to Bangladesh embassy in Moscow, they added. The EEU groups five northern Eurasian countries-Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia. These nations have common customs border and a single market of 183 million people and a gross domestic product of over USD 4.0 trillion.
Source: http://print.thefinancialexpress-bd.com/2017/01/11/161752
| Index Name | Close Value | Value Change | Percentage Change |
|---|---|---|---|
| DSEX | 5277.39 | ↑68.9 | ↑1.20% |
| Dow Jones Industrial Average | 19,855.53 | ↓31.85 | ↓0.16% |
| Nikkei 225 | 7,275.47 | ↑37.7 | ↑0.52% |
| FTSE 100 | 19,370.86 | ↑69.42 | ↑0.36% |
| Commodity | Close Value | Value Change | Percentage Change |
|---|---|---|---|
| Crude Oil (WTI)* | $50.97 | ↑0.15 | ↑0.30% |
| Crude Oil (Brent)* | $53.76 | ↑0.12 | ↑0.22 |
| Gold Spot* | $1,187.57 | ↓0.31 | ↓0.03% |
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