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MTBiz April 2016

Feb 08, 2017

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    Disclaimer:

    MONTHLY BUSINESS REVIEWVOLUME: 07 ISSUE: 03APRIL 2016

    Article of the month 02National News

    The Central Bank 05 Banking Industry 08 MTB News & Events 11

    Business & Economy 15Industry Appointments 17

    International News

    Business & Economy 19 Economic Forecast 23 Wells Fargo Monthly Outlook 24

    MTBiz is printed for non-commercial & selected individual-level distribution in order to sharing information among

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    This review is for information purpose only and the comments and forecasts are intended to be of general nature and are

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    Cotton Outlook for Bangladesh

  • 02 MTBiz

    ARTICLE OF THE MONTH

    Bangladesh eyes to reach USD 50 billion of RMG export

    by 2021. The average growth rate of last 5 years RMG

    export was 16.11% booming as the largest RMG

    exporter of the world. The countrys economic pulse is

    to push its per capita income to reach the next marking

    as Upper Middle Income Countries (UMIC) by 2021,1 as

    per Bangladesh governments 7th

    appears to be a key for the country to reach this target

    as the countrys RMG sector contributes to 82% (in

    realizing its dream, the next one must be

    absolutedependency on external market for RMG raw

    preceding by China with a share of 35% (2014). By

    2

    average growth rate of 5%, during last 15 years

    pose a threat for the countrys RMG sector, the largest

    absolutely external.

    example, in 2011 China took a policy of reducing

    Cotton Outlook for Bangladesh

  • 03 MTBiz

    ARTICLE OF THE MONTH

    This unusual price hike marched the whole RMG

    exporters targets in future. Due to price spike the knit

    factories, RMG producers and exporters pose a

    building stocks to reducing them in China is one of the

    prices during the early years of the outlook period. By

    world price in 2024 in real terms is expected to be 23%

    China, India and Uzbekistan and the remaining is

    3

    Bangladesh imported, had come from India alone,

    Bangladesh.

    sourcing risks, which has become a challenge to

    sourcing. Bangladesh must work closely with those

    India 10178.2 11047.1

    Uzbekistan 4806.6 4416.8

    Source: Bangladesh Bank

    140

    130

    120

    110

    100

    80

    70

    60

    120

    100

    80

    60

    40

    20

    0

    mil

    . b

    ale

    s

  • 04 MTBiz

    ARTICLE OF THE MONTH

    of its economy supported by RMG sectors growth,

    import will be larger than current 10%.

    suggests Bangladesh to see the bigger picture of future

    smoothly.

    1

    2

    3

    4

    5

    6.00

    5.00

    4.00

    3.00

    2.00

    1.00

    0.00

    20

    00

    M0

    1

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    M0

    1

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    08

    M0

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    M0

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    M0

    1

    13 percent below last season, as lower area combined

    with a reduced yield will push the global crop to its

    a combined 51 percent of the world total, with

    to 105.5 million bales.

    decline in Chinas stocks more than accounts for the

    accelerate slightly in calendar years 2016 and 2017,

    years.

    to remain at 24.5 million bales for the third

    4 5

  • 05 MTBiz

    THE CENTRAL BANK

    Chowdhury inaugurated the event as chief guest while

    Director Subhankar Saha opened the ceremony with

    comprehensive study to provide a set of data and insights

    product design. These will be used to build dedicated

    products and a delivery channel of women agents so that

    they can accelerate female MFS use.

    B a n g l a d e s h

    Bank recently

    said the

    students below

    six years of age

    would also be

    allowed to open

    accounts with

    the scheduled

    products. The BB issued a circular to Managing Directors

    central bank had taken the decision to extend the

    central bank earlier allowed the students aged between 6

    years and 18 years to open the school banking accounts

    with the banks.

    The central bank is set to strictly monitor whether the

    banks are giving rewards to their good borrowers. In

    central bank introduced the rebate policy in March last

    such that they are encouraged to always repay their loans

    rebate on their interest payments, as per the policy. The

    policy for large borrowers, giving them a maximum of 12

    years to repay loans above BDT 500 crore.

    The central bank has

    part of government's

    s u s t a i n a b l e

    development goals

    (SDGs) set by the

    of the Bangladesh Bank (BB) has been tasked with

    sustainable monetary policy, agricultural credit polices

    poor, banking services for the poor and underserved,

    channel banking.

    NATIONAL NEWS

  • 06 MTBiz

    THE CENTRAL BANK

    The Bangladesh Bank (BB) has introduced a guideline to

    detail including the management of risk, the

    Bangladesh Bank (BB) said in its guidelines on foreign

    an uncertain future. It is believed that generally the

    The central bank has

    ceiling using

    Cards (ICC) for online

    purchase threefold to

    streamline the

    electronic payment

    system. Bangladesh Bank (BB) in its latest circular

    issued recently stated that it has now been decided to

    etc.) from reputed and reliable sources abroad.

    BB has asked all banks to follow the updated guidelines

    for internal control and compliance risk management.

    and regulators have become momentous to ensure

    smooth performance of the banking industry. It further

    smooth performance of the banking industry.

  • THE CENTRAL BANK

    07 MTBiz

  • 08 MTBiz

    BANKING INDUSTRY

    in order to facilitate online payments for individual

    city hotel in individual level so that they can pay

    Bank recently.

    Bangladesh's First

    assist readymade

    Bank in launching the product.

    the card, which will make it more secured and

    Managing Director of the Bank inaugurates the Card

    also present on the occasion.

    NATIONAL NEWS

  • 09 MTBiz

    BANKING INDUSTRY

    Jamuna Bank organizes Free Medical Camp in Rangpur

    FSIBL Donates BDT 15 Lac to DNCC for CCTV

    Surveillance Project

    UCB signed an agreement with Radisson Blu

    AIBL opens two agent banking outlets in B'baria,

    Comilla

  • 10 MTBiz

    BANKING INDUSTRY

    StanChart Bank sets up new ATM at Cox's Bazar

    Banks' capital rises in Sept-Dec

    Bangladesh & FSIBL

    Standard Bank Limited (SBL) honoured highest

    CAPITAL IN BANKS

    71,754

    In crores of taka

    69,33468,230

    72,720

    75,352

  • MTB NEWS & EVENTS

    11 MTBiz

    TOP BANKERS GREET NEW BB GOVERNOR

    Date: Venue:

    MTB INDEPENDENT CUP SQUASH TOURNAMENT FINALE HELD

    Date:

    Venue:

    MTB SIGNS AGREEMENT WITH BIMAN BANGLADESH AIRLINES

    Date: Venue:

  • 12 MTBiz

    MTB NEWS & EVENTS

    MTB CONTRIBUTES BDT 1 MILLION TO DNCC FOR CCTVSURVEILLANCE PROJECT

    Date:

    Venue:

    MTB WAS INVITED TO BENGAL GROUPS DEALER - DISTRIBUTORCONFERENCE

    Date:

    Venue:

    MTBCL SELECTED ISSUE MANAGER AND CORPORATE ADVISOR OF SIKDER APPAREL HOSIERY LIMITED

    Date:

    Venue:

  • 13 MTBiz

    MTB NEWS & EVENTS

    MTB ORGANIZED HEALTH AWARENESS SESSION ON CANCER AT UNITED HOSPITAL

    MTB CELEBRATES INTERNATIONAL WOMENS DAY

    Date:

    Venue:

    MTB CARDHOLDERS TO ENJOY FLEXIPAY FACILITY WITH REGENT AIRWAYS

    Date:

    Venue:

    Date:

    Venue:

  • 14 MTBiz

  • 15 MTBiz

    Deal on 1,224MW Banskhali coal power plant

    BUSINESS & ECONOMY

  • 16 MTBiz

    BUSINESS & ECONOMY

    inclusion

    Ind

    ia

    Paki

    stan

    Srila

    nka

    Ch

    ina

    Ave

    rage

    Cam

    bo

    dia

    Vie

    tnam

    Ban

    glad

    esh

    14.116.2

    19

    34.6 34.8 36.2

    45.7

    52.456.2

    67

    Total cost of Rampal project: $1.8b

    $1.48b

    4.72

    BY THE NUMBERS

    DE

    VE

    LO

    PI N

    G 8 C OU

    NT

    RI

    ES

    D-8

    TURKEYPAKISTANNIGERIAMALAYSIAIRANINDONESIAEGYPTBANGLADESH

    D-8 Organization for Economic CooperationD-8 Organization for Economic Cooperation

  • 17 MTBiz

    INDUSTRY APPOINTMENTS

    New Governor of Bangladesh Bank

    Kabir, former Senior

    Secretary to the

    Government of

    Bangladesh, joined as

    the 11th Governor of

    Bangladesh Bank on

    March 20, 2016.

    Fazle Kabir started his

    professional career in

    1980 in the Railway

    Commercial cadre of Bangladesh Civil Service.

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