Bangladesh key economic indicators – Jan 14

DAILY INDICATORS

Monday Previous Taka/US $ (inter-bank) 77.75-77.75 77.75-77.75 Call money rate (inter-bank) 06.25-08.00 05.50-08.00 Dhaka Stock Exchange index 4,454.83 4,437.82 --------------------------------------------------------------- indicator MONTHLY CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Dec. 7.53 7.15 M2 supply (bln taka) (BB) Nov. 6,425.75 6,403.17 Forex reserves ($bln)(BB) Dec. 18.07 17.11 Exports(FOB) ($mln)(BB) Nov. 2,212...

BB opposes proposal to allow PKB for commercial banking

Bangladesh Bank (BB) has rejected a proposal of finance minister AMA Muhith on giving Probashi Kallayan Bank approval to open exchange houses abroad and allowing it to operate partial commercial banking activities to enable the bank serve the Bangladeshi diaspora. The central bank in its opinion said the specialised bank does not comply with the mandatory standards stipulated in the banking company act on matters like capital requirement and banking nature to become eligible for commercial banking and banking through exchange houses. The BB last week in a letter to finance ministry cleared its position that cited specific provisions lying in the bank company act on specific issues, a source in the finance ministry said, rep...

Pvt sector fears credit crunch, wants incentive package

Different business groups have sought a large amount of incentive package worth around Tk 150 billion as a contingency measure to help overcome setbacks in businesses due to the prolonged political crisis. This creates a major challenge before the incumbent government. Economists, however, fear that if the government allocates such a huge contingency fund it would disrupt the financial discipline of the country and would shrink the private sector growth further, reports the Financial Express (FE). bangladesh_bank

Week opens Dhaka stock with month-high turnover

Dhaka stock market started this week on Sunday maintaining the gaining streak that took the daily trade value to 30-day high of taka 619.51 crore. The previous highest daily transaction value of shares on Dhaka Stock Exchange (DSE) was taka 715.90 crore on December 12, 2013, which started declining later and hovered below 500-crore mark until Sunday. DSEThe total transaction of shares also rose to 12.82 crore at the close on Sunday, which was also the highest since December 23. DSEX, the benchmark index of DSE, had s...

FBCCI provides monetary help to burnt victims

FBCCIThe Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has provided financial assistance to the victims of recent petrol bomb attacks. FBCCI leaders visited the burn unit at Dhaka Medical College Hospital (DMCH) on Sunday and handed over Tk 10,000 to each of the relevant burn patients. The families of the patients who died after recieving injuries in petrol bomb attacks will also get an assistance of Tk 50,000 each. FBCCI president Akram Uddin Ahmed said it will continue the assistance...

Ties with India likely to gain strength with Hasina back in power

The recent general elections in Bangladesh, in which the Sheikh Hasina-led Awami League has regained power, has given hope for better trade, cultural and political ties between Bangladesh and India. India and Bangladesh regularly organize cultural exchange programmes and engage in the trade of various commodities through land and water routes. BANGLADESH_INDIAThe construction of Agartala-Akhaura railway link is underway and is expected to further boost trade and people-to-people conta...