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
The first-ever Bangladeshi Taka-denominated bond titled “Bangla Bond” was listed on the London Stock Exchange (LSE) on Monday which will help Bangladesh raise money from overseas investment. Bangla Bond” would help raise money from overseas investment which is set to be invested back in Bangladesh for further strengthening its private sector. UK government and IFC officials and investors from the UK and Bangladesh were present. Initially, the Bangla Bond is equivalent to US$10 million on the London bourse and it will have a three-year maturity, with a 6.3 per cent annual rate of interest. The IFC is the guarantor of Bangla Bond in the international market. The proceeds from this bond in the European market will be invested back in Bangladesh for development of its private sector. “The Ring, The Bell” ceremony was scheduled to be followed by an ‘Investor’s Roundtable’ to showcase Bangladesh’s growth story and investment opportunities.
The cabinet approved, in principle, the draft of “The Bangladesh Public-Private Partnership (PPP) (amendment) Law, 2019″ on Monday keeping a provision of undertaking and implementing the G2G (government to government) projects in the existing act, reports BSS. The Bangladesh Public-Private Partnership (PPP) Act, 2015” was framed to create a partnership with private sector by attracting local and foreign investment aimed at improving living standard of the people and expediting the country’s socioeconomic progress as well as building infrastructures. “Under the existing law there is no provision about the G2G schemes. But after the introduction of the PPP Act, 2015 the government took initiatives for execution of the PPP projects (G2G PPP) with various countries. Policy for Implementing PPP Projects through Government to Government (G2G)” and other counties have also shown their interest to undertake schemes in this process. The proposal has been made as arrangement of six meetings in a year is time consuming and it is not possible for the members, including the chairman of the Board of Governors.
Source: https://today.thefinancialexpress.com.bd/last-page/ppp-law-to-include-g2g-provision-1573494861
Kingdom Technology, a leading financial technology provider in China, showed keen interest to develop Bangladesh’s financial market infrastructures in collaboration with local firms. Kingdom Technology is a financial technology provider listed on Shenzhen and Shanghai Stock Exchanges. With over 8000 employees, the company has provided the digital trading platform to 50 per cent brokers in China as well as helping build the technology infrastructure for Shenzhen and Shanghai Stock Exchanges and China’s central bank. Kingdom Technology intends to be a long-term partner in leveraging technology for Bangladesh’s financial sector and economic development. Shenzhen Stock Exchange is the 8th largest stock market globally with a combined market value of $ 3.3 trillion embarked on a thriving digital platform.
United Commercial Bank Limited (UCB) signed an agreement with the 7 districts Police (Rangpur, Dinajpur, Nilphamari, Kurigram, Thakurgaonn, Panchagarh and Gaibandha) under Rangpur range on e-trafficking prosecution and a fine payment system recently. As per the agreement, the payment of fines for traffic cases filed with 7 (Seven) districts police under Rangpur range can be easily initiated through UCash, the mobile financial service of UCB. Senior officials were present at the event.
As high as 97 percent of business enterprises in Bangladesh said they would expand their operations next year, buoyed by a strong economy and positive international trade prospects, according to the HSBC’s flagship Navigator report. The percentage is much higher than the global average of 79 percent and the Asian average of 77 percent. The study gauges sentiment and expectations of businesses in the near to mid-term future on topics, including business outlook, international trade, geopolitics, sustainability, technology and wellbeing. It is compiled from responses by decision-makers at 9,131 businesses – from small and mid-market to large corporations – across a broad range of industry sectors in 35 markets. The survey was conducted between August and September 2019. The report — Navigator: Now, next and how for business – surveyed 193 businesses in Bangladesh, shedding light on their investment priorities, decision-making drivers, and plans to implement change and growth expectations. Bolstered by fast–growing industries, nine in 10 Bangladeshi businesses believe international trade is a force for good that will drive innovation and improve efficiency.
Source: https://www.thedailystar.net/business/news/businesses-expect-robust-growth-next-year-1825984
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|---|---|---|---|
| DSEX | 4,781.47581 | ↑ 9.55919 | ↑ 0.20 |
| DJIA | 27,691.49 | ↑10.25 | ↑0.04% |
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| Commodity | Close Value | Value Change | Percentage Change |
|---|---|---|---|
| Crude Oil (WTI) | $ 56.81 | ↓ 0.05 | ↓ 0.09% |
| Crude Oil (Brent) | $ 62.18 | ↑ 0.00 | ↑ 0.00% |
| Gold Spot | $ 1,456.64 | ↑0.78 | ↑ 0.05% |
| Exchange Rates | |
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| USD 1 | BDT 83.1330 |
| GBP 1 | BDT 106.655 |
| EUR 1 | BDT 91.6916 |
| INR 1 | BDT 1.16491 |
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