Biman buying two more 787 Dreamliners for $585m
Biman Bangladesh Airlines is set to buy two 787-9 Dreamliner jets at a cost of $585 million ($ 580.5 crore) at list prices. Biman and US aero plane maker Boeing announced the deal at the 2019 Dubai Airshow in the UAE city of Dubai on Sunday, said a statement. Boeing’s 787-9 Dreamliner aircraft is more advanced than 787-8 Dreamliner planes. Prime Minister Sheikh Hasina, who had inaugurated the four 787-8 Dreamliner airplanes of Biman in Dhaka, is currently in Dubai to watch the airshow. The new purchase was recorded in October as an unidentified order on Boeing’s website. It complements Biman’s fleet of 787-8 jets with the larger and longer range 787-9 variant. The 787-9 is part of a three-member family that offers long range and unmatched fuel efficiency in the 200 to 350 aircraft seat market. For Biman, the 787-9 can carry 298 passengers in a standard three-class configuration and fly up to 7,530 nautical miles (13,950 kilometres) while reducing fuel use and emissions by up to 25 per cent compared to older aero planes.
10 KW floating Solar Plant commissioned at Mongla
Country’s first floating solar power plant of 10 kilowatt capacity has been commissioned at Mongla under Bagerhat district on Saturday. The Solar EPC Development Ltd, a local company, installed the facility with technical assistance from its Indian business partner at Mongla port municipality water treatment site. Power Division additional secretary Mohammad Alauddin visited the site on the day to see the progress of the pilot project. The company signed a memorandum of understanding with the Mongla port municipality in June 2019 for development of a total of 15 megawatt floating solar power plant in the pond of the municipality. The construction work of the main project will start soon
Govt Okays buying 50,000 tonnes of Wheat
The government has approved procurement of 50,000 tonnes of wheat at a cost of Tk 1.14 billion. A meeting of the Cabinet Committee on Public Procurement endorsed a proposal in this regard at Cabinet Division of Bangladesh Secretariat on Sunday with Finance Minister A H M Mustafa Kamal in the chair. Swiss Singapore Overseas Enterprises Pte Ltd will supply the wheat at a price of $268.14 per tonne. Briefing newsmen after the meeting, Agriculture Minister Dr Muhammad Abdur Razzaque said the committee also approved procurement of additional 30,000 tonnes of octane to meet the demand during November-December period. The procurement will cost the public exchequer Tk 1.59 billion. The committee hoped that the expressway construction work will be completed by 2022.
BASIS for spl uninterrupted Cards in Digital Marketing
The Bangladesh Association of Software and Information Services (BASIS) on Sunday sought central bank’s intervention to open the facility of international credit and pre-paid cards. At a meeting, the association leaders informed the Bangladesh Bank (BB) that some banks have stopped the facility of international credit and pre-paid cards which are hindering the development of digital marketing sector of the country. All of these cards have a travel quota of up to $ 12000 a year. Many local and foreign companies, tech companies, small agencies, e-commerce and e-commerce models use the facility to pay for advertising on Google and Facebook. Earlier, Bangladesh Bank, by a circular issued in 2016, promoted the international credit and pre-paid card to enhance the convenience of Bangladeshi citizens to buy goods at home from the international market. This move continued to play an effective role in expanding the digital industry of the country.
DSE Turnover rises by 14 per cent
The Dhaka bourse closed the Sunday’s session marginally higher amid day long volatility following the mixed performance of the major sectors. The turnover stood at above Tk 3.63 billion which was 14 per cent higher than the turnover of the previous session. The market opened the day’s session positively and the DSEX, the broad index of Dhaka Stock Exchange (DSE) gained 14 points within first 15 minutes. Later, the DSEX displayed volatility throughout the whole session and closed the session with a marginal rise. At the end of the session, the core index settled at 4717.39 with a marginal rise of 0.14 per cent or 7.02 points. Of the companies having influence on the index movement, Grameenphone advanced 1.4 per cent to close at Tk 310.10 each, while the share price of British American Tobacco Bangladesh Company declined 0.40 per cent to close at Tk 1094 each. The share price of another giant company United Power Generation & Distribution Company also declined 2.67 per cent to close at Tk 260.10 each. On Sunday, the shariah based index DSES advanced 0.25 per cent or 2.77 points to close at 1083.6. The DS30 index comprising blue chip securities closed at 1642.36 points with a rise of 0.5 per cent or 4.12. Of 348 issues traded, 167 advanced, 124 declined and 57 were unchanged on the premier bourse DSE.
CRISL CEO elected ACRAA Board Member
Muzaffar Ahmed, President and CEO of Credit Rating Information and Services Limited (CRISL) has been elected as one of the members of 7-member Board of Directors of the Association of Credit Rating Agencies in Asia (ACRAA) in its annual general meeting held in Manila recently. He is also the incumbent president of the Institute of Chartered Secretaries of Bangladesh (ICSB). Founded in 2001 under the sponsorship of Asian Development Bank by 15 Asian credit rating agencies of 10 countries, ACRAA’s primary objectives are to promote regional cooperation and harmony in the areas of credit rating, analysis, research and information sharing services amongst the member agencies. ACRAA has now 28 member agencies from 13 countries in Asia. Other than CRISL, three other rating agencies of Bangladesh are members of ACRAA. Members of ACRAA are bound by its ethical code of conduct which was published by the Asian Development bank for the member countries.
Local and Global Stock Indices *
|Index Name||Close Value||Value Change||Percentage Change|
|DSEX||4,717.39252||↑ 7.02634||↑ 0.15|
|↑ 222.93||↑ 0.80%|
|FTSE100||7,302.94||↑ 10.18||↑ 0.14%|
|Nikkei 225||23,366.79||↑63.47 ||↑ 0.27%|
World Commodities *
|Commodity||Close Value||Value Change||Percentage Change|
|Crude Oil (WTI)||$ 57.81 ||↑ 0.07||↑ 0.12%|
|Crude Oil (Brent)|| $ 63.34||↑ 0.04 ||↑ 0.06%|
|Gold Spot||$ 1,465.83||↓ 2.38||↓ 0.16%|
Major Currencies Exchange Rates Movement in Last Seven Days *
|USD 1||BDT 83.1568|
|GBP 1||BDT 107.271|
|EUR 1||BDT 91.8732|
|INR 1||BDT 1.16088|
*CURRENCIES AND COMMODITIES ARE TAKEN FROM BLOOMBERG.<