Bangladesh key economic indicators – Nov 28

DAILY INDICATORS

Wednesday Previous Taka/US $ (inter-bank) 77.75-77.7525 77.75-77.7525 Call money rate (inter-bank) 06.00-07.75 05.50-08.00 Dhaka Stock Exchange index 4,268.66 4,277.55 ------------------------------------------------------------ indicator MONTHLY CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Oct. 7.03 7.13 M2 supply (bln taka) (BB) Sept. 6,267.23 6,199.89 Forex reserves ($bln)(BB) Oct. 17.35 16.15 Exports(FOB) ($mln)(BB) Sept. 2,590.24 2,031.44 I...

BB initiates CoFI to ensure market discipline

Bangladesh Bank (BB) has introduced the cost of funds index (CoFI) for non-banking financial institutions (NBFIs) aiming to ensure market discipline. "The CoFI will strengthen the liquidity management of NBFIs which will also help them build future capability," said the central bank Governor Dr Atiur Rahman, while inaugurating the CoFI on the central bank's website at its auditorium in the city Wednesday. He said all the banks will come under the process very soon as necessary preparations are going on. The BB Governor said: "We have launched the CoFI as the first country in the sub-continent and it is part of our ongoing automation and digitalisation process."

GDP decelerates for 2nd year in a row to 6pc: WB

The Gross Domestic Product (GDP) growth of Bangladesh has decelerated for the second year in a row to 6 per cent, says a World Bank (WB) report published on Thursday. Disruptions caused by political strife, deepening political tensions relating to the impending political transition and the inadequacies of improvements in the provision of power, gas and infrastructure were the key factors in the growth slowdown. These contributed to weakening investor confidence leading to a 1.2 percent decline in the private investment rate, the report added. wbEcono...

Canadian firms asked to sign binding safety agreement

Kalpona Akter, the executive director of the Bangladesh Centre for Worker Solidarity (BCWS), an advocacy organization for workers' rights has asked The Bay and the other Canadian firms to sign binding safety agreement. Kalpona, who escaped a factory fire in the Bangladesh garment factory in 1990, is now in Vancouver this week to speak at a rally outside the downtown Hudson's Bay department store on Nov. 25, calling on the The Bay and other Canadian companies to sign the agreement that will, Kalpona said, save many lives. At 12-years-old, Kalpona Akter was uncritically fond of her employers at the garment factory near her hometown, Dhaka, Bangladesh. She and her 10-year-old brother worked long, dirty shifts at the factory; the two children were the only source of income for a seven...

Kuddus seeks help to return after accident in Oman workplace

Abdul Kuddus Mizi, a Bangladeshi worker who has been admitted to hospital following an accident at workplace is hopefully waiting for well-wishers' help for the last six months to go back to his home country, social workers claimed. kuddusAbdul Kuddus Mizi, the victim was admitted to hospital in May after he met an accident at his workplace in Amerat. "A piece of wood fell on his head and he was severely injured. He was in coma for a few months but his condition has improved a little bit since. But he seems to be extremely weak and has loss of m...

LRB to perform at South Asia Band Festival in India

The leading band group of Bangladesh, LRB will perform in the seventh edition of South Asian Bands Festival (SABF) slated to be held at Purana Qila from November 29 to Dec 1. This year's line-up include Barefaced Liar, Circus and Susmit Sen Chronicles (Delhi), LRB (Bangladesh), ZnG (Bhutan), Biuret (Korea), Stigmata (Sri Lanka), Eman's Conspiracy (Maldives), Papon And The East Indian Company and What's In The Name (Mumbai), Strings (Pakistan), Pardis (Afghanistan), Albatross (Nepal) and The Raghu Dixit Project (Bengaluru). Presented by the ministry of external affairs, ICCR and Seher, the three-day festival will feature fourteen popular rock bands from across nine nations of the sub-continent.
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