HIGHLIGHTS OF THE DAY

ACCEPT DEFERRED

PAYMENTS TO BENE-

FIT BOTH NATIONS:

FBCCI TO INDIA

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), the country's apex trade body, on Monday demanded that India accept deferred payments of up to 240 days for more value addition and jobs in the bilateral supply chain.

Source: https://www.thedailystar.net/business/news/accept-deferred-payments-benefit-both-nations-fbcci-india-1919617

CREDIT CARDS USE

DEPRESSING AS PAN-

DEMIC RULES THE

ROOST

A good number of nations have

cancelled international flights

partially or entirely since Febru-

ary in order to tackle the spread

of the novel coronavirus.

Source: https://www.https://www.thedailystar.net/business/news/credit-cards-use-depressing-pandemic-rules-the-roost-1919621

OMERA BECOMES FIRST LOCAL

LPG CYLINDER MAKER TO EXPORT

ITS PRODUCTS

In a first for Bangladesh, Omera Cylinder Ltd, a local manufacturer of liquefied petroleum gas (LPG) containers, has recently begun exporting its products to international markets.

Omera made the foray into global markets after it shipped the first consignment of LPG cylinders to a few companies in Africa earlier this week, said Shamsul Haque Ahmed, chief executive of-ficer of Omera LPG.

Source: https://www.thedailystar.net/business/news/omera-becomes-first-local-lpg-cylinder-maker-export-its-products-1919589

Bangladesh: Economy June 24, 2020

BANGLADESH AMONG TOP THREE

ASIAN NATIONS PROMOTING

GREEN FINANCING

Green financing is rapidly gaining traction in the Bangladesh market thanks to the country's specific focus on issuing green loans, according to an In-ternational Finance Corporation (IFC) report.

The report by IFC-facilitated Sustainable Banking Network (SBN) shows that Bangladesh, Mongolia, and Nepal have identified green financial services as a crucial aspect for ensuring sustainable devel-opment in financial sectors.

Source: https://www.thedailystar.net/business/news/bangladesh-among-top-three-asian-nations-promoting-green-financing-1919601

https://www.thedailystar.net/business/news/accept-deferred-payments-benefit-both-nations-fbcci-india-1919617https://www.thedailystar.net/business/news/accept-deferred-payments-benefit-both-nations-fbcci-india-1919617https://www.thedailystar.net/business/news/accept-deferred-payments-benefit-both-nations-fbcci-india-1919617https://www.thedailystar.net/business/news/accept-deferred-payments-benefit-both-nations-fbcci-india-1919617https://www.thedailystar.net/business/news/accept-deferred-payments-benefit-both-nations-fbcci-india-1919617https://www.thedailystar.net/business/news/credit-cards-use-depressing-pandemic-rules-the-roost-1919621https://www.thedailystar.net/business/news/credit-cards-use-depressing-pandemic-rules-the-roost-1919621https://www.thedailystar.net/business/news/credit-cards-use-depressing-pandemic-rules-the-roost-1919621https://www.thedailystar.net/business/news/credit-cards-use-depressing-pandemic-rules-the-roost-1919621https://www.thedailystar.net/business/news/credit-cards-use-depressing-pandemic-rules-the-roost-1919621https://www.thedailystar.net/business/news/omera-becomes-first-local-lpg-cylinder-maker-export-its-products-1919589https://www.thedailystar.net/business/news/omera-becomes-first-local-lpg-cylinder-maker-export-its-products-1919589https://www.thedailystar.net/business/news/omera-becomes-first-local-lpg-cylinder-maker-export-its-products-1919589https://www.thedailystar.net/business/news/bangladesh-among-top-three-asian-nations-promoting-green-financing-1919601https://www.thedailystar.net/business/news/bangladesh-among-top-three-asian-nations-promoting-green-financing-1919601https://www.thedailystar.net/business/news/bangladesh-among-top-three-asian-nations-promoting-green-financing-1919601

HIGHLIGHTS OF THE DAY

CITY BANK DECLARES 15PC CASH

DIVIDEND

The City Bank Ltd has recommended 15 per cent cash dividend for the year ended on December 31, 2019.

The board of directors of the bank in a virtual meeting held on Monday approved the audited financial statements for the year ended on De-cember 31, 2019 and recommended the dividend.

Source: https://thefinancialexpress.com.bd/stock/city-bank-declares-15pc-cash-dividend-1592884935

Bangladesh: Economy June 24, 2020

OIL STEADIES AMID INCREASE IN

CORONAVIRUS CASES

Oil prices were steady on Monday, supported by tighter supplies from major producers but held in check by concerns over a record rise in global coronavirus infections that could stall a recovery in fuel demand.

Brent crude LCOc1 rose 5 cents, or 0.1 per cent, to $42.24 a barrel by 0941 GMT. U.S. crude CLc1 was down 10 cents, or 0.2 per cent, at $39.65.

Source: https://www.thedailystar.net/business/news/oil-steadies-amid-increase-coronavirus-cases-1918981

“Stay at home, wash your hand, protect your loved ones.”

UK FACTORIES SUFFER WORST

QUARTER ON RECORD

British industrial output recorded its biggest quarterly fall on record during the three months to June as COVID-19 heavily disrupted opera-tions, and a further decline is likely in the months to come, a survey showed on Monday.

The Confederation of British Industry's headline industrial orders measure inched up to -58 in June from May's 38-year low of -62, but re-mained far below its pre-COVID level, while export orders fell by the most since records be-gan in 1977 at -79.

Source: https://www.thedailystar.net/business/news/uk-factories-suffer-worst-quarter-record-1918973

STOCKS WITNESS YET ANOTHER

FLAT SESSION

Stocks witnessed yet another flat session on Tuesday as growing virus fears and the ‘floor price’ system kept the investors mostly on the sidelines.

DSEX, the key index of the Dhaka Stock Ex-change, went up by 1.30 points to settle at 3,963 during the three-hour trading session.

Source: https://thefinancialexpress.com.bd/stock/stocks-witness-yet-another-flat-session-1592902703

https://thefinancialexpress.com.bd/stock/city-bank-declares-15pc-cash-dividend-1592884935https://thefinancialexpress.com.bd/stock/city-bank-declares-15pc-cash-dividend-1592884935https://thefinancialexpress.com.bd/stock/stocks-witness-yet-another-flat-session-1592902703https://thefinancialexpress.com.bd/stock/stocks-witness-yet-another-flat-session-1592902703

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