IFIC Shohoj Account launched
IFIC Bank on Saturday launched a new deposit product namely, IFIC Shohoj Account, according to a statement. Managing Director and CEO of the Bank, Mr. Shah A Sarwar inaugurated the launching ceremony in the IFIC Tower, Dhaka. With a slogan ‘Hisab Khuli, Agiea Choli’, this depository account has been designed to reach out people from different walks of life. It charges minimum BDT. 10.00 to open an account while customers are offered with attractive interest rate with slab wise deposit interest facility. Customers will be provided interest paid monthly but calculated on daily basis along with other lucrative offers.
Seven Banks renew MoUs with CPTU
Seven Banks have renewed their Memorandum of Understandings [MoUs] with the Central Procurement Technical Unit [CPTU] for receiving payments under the e-GP system, reports BSS. The Banks are BASIC Bank, First Security Islamic Bank, Jamuna Bank, Mercantile Bank, Premier Bank, Shahjalal Islami Bank and Export-Import Bank Ltd, according to a press release on Monday. CPTU has MoUs with 46 Banks for receiving tender document fees, e-GP registration and renewal fees. About 4,000 branches of such Banks provide above services to tenderers across the country.
BD emerges as Robot Exporting Country: Foreign Minister
Bangladesh has emerged as a robot exporting country and it exported 12 robots to South Korea last year, according to Foreign Minister Dr AKM Abdul Momen. The inaugural ceremony of the Digital Device and Innovation Expo 2019 titled ‘Made in Bangladesh’. Major mobile handset selling companies will start assembling handsets here instead of importing those from abroad. Bangladesh is now a fastest growing country among the 45 Asia-pacific countries, according to the minister, adding that Vision 2021 and digital Bangladesh is now no more a dream, but a reality. Bangladesh now has 162.6 million mobile users and 98.3 million internet users. The ICT sector has grown by 20 times. After March, Samsung will not import handsets as they will assemble those in their plant in Bangladesh. Every year 40 million mobile sets are being imported to Bangladesh. In the last 10 years, 100 million mobile sets were sold in Bangladesh – of which symphony alone sold 80 million, according to State minister for the ICT Junaid Ahmed Palak. Symphony will also stop importing mobile handsets and will meet the local demand from their plant in Bangladesh. Local companies are also engaged in manufacturing laptop computers and Walton manufactured 5.0 million laptops till 2019 from 2017.
BSTI to extend activities to Upazila level
The organogram of Bangladesh Standards and Testing Institution [BSTI] will be expanded to Upazila level for ensuring quality of products, industries, according to Minister Nurul Majid Mahmud Humayun. The announcement was made at a discussion meeting on World Standards Day 2019 [October 14] organized by BSTI at its head office in the capital. Bangladesh is observing the day like elsewhere in the world with the theme ‘Video standard creates a global stage.’ Quality industrialization and good public health depend on BSTI’s activities. All the officials and employees of the organization would have to do their duties with honesty to ensure maximum service to the people, according to the Minister. For ensuring maximum service, BSTI activities would have to be expanded to upazila level. Currently the institution’s regional organization includes six regional offices in six administrative divisions-Dhaka, Rajshahi, Barishal, Chattogam, Sylhet and Khulna. Bangladesh Standards and Testing Institution Act, 2018 has been enacted incorporating provisions of harsher punishment for wrong doers.
0.7m Mobile Phone Users switch Networks in one year
Nearly 0.7 million mobile phone subscribers have switched operators without changing their original 11-digit phone numbers through the Mobile Number Portability [MNP] service in the last one year. The Bangladesh Telecommunication Regulatory Commission [BTRC] revealed the figure — 6,90,550 to be precise — in a report on Monday, marking one year since the launch of the MNP service. Also, 2,56,733 more subscribers attempted to change their network but failed due to various reasons, according to the report. Robi, the country’s second largest mobile operator, became the biggest beneficiary of the new system, as it could attract 4,96,000 users or 84 per cent of the total subscribers who switched operators, according to the report. In contrast, some 1,69,000 customers left Robi’s network during the same period. Grameenphone, the largest mobile phone operator, came second on the success list. It got 1,26,000 new customers but lost 2,74,000 subscribers. Banglalink, the third player of the market, welcomed 68,528 customers from other networks while 2,89,000 users pulled out of its network. The state-owned Teletalk managed to woo 4,427 customers from other networks but lost 8,101 users.
ICB to inject Tk 1,000cr into market
The Investment Corporation of Bangladesh [ICB] will support the stock market by buying as much shares as possible from the secondary market on the back of Tk 1,000 crore it is raising, according to its Managing Director yesterday. The state-run investment enterprise has received Tk 200 crore from Sonali Bank by issuing bonds and would get another Tk 800 crore from four other Public Banks very soon. The stock market was now big and the ICB did not have adequate funds, factors which made it impossible for the enterprise to provide the support alone. If another four or five enterprises like the ICB can be formed and 20 to 25 market makers designed, the market will get enough support, according to Md Abul Hossain. Many stocks which had performed well were now at a lower position although the Price-to-Earnings [PE] ratio was also very lucrative. The PE ratio of the market is about 12 at the moment.
Local and Global Stock Indices *
|Index Name||Close Value||Value Change||Percentage Change|
|DSEX||4711.30786||↓ 50.57||↓ 1.06|
| ↓ 29.23 ||↓ 0.11% |
|FTSE100||7,213.45 ||↓ 33.63 ||↓ 33.63 |
|Nikkei 225||22,174.45 || ↑ 375.58 ||↑ 1.72%|
World Commodities *
|Commodity||Close Value||Value Change||Percentage Change|
|Crude Oil (WTI)||$ 53.22 ||↓ 0.37 ||↓ 0.69%|
|Crude Oil (Brent)||$ 58.89 ||↓ 0.46 ||↓ 0.78%|
|Gold Spot||$ 1,495.05 || ↑ 1.84 ||↑ 0.12% |
Major Currencies Exchange Rates Movement in Last Seven Days *
|USD 1||BDT 83.1079|
|GBP 1||BDT 104.579|
|EUR 1||BDT 91.6426|
|INR 1||BDT 1.17068|
*CURRENCIES AND COMMODITIES ARE TAKEN FROM BLOOMBERG.<