Today's Business News ( 28 March, 2018 ) Wednesday

TWN Business News Desk : ( 28 March, 2018 ) Wednesday


1. Satellite Bangabandhu-1 begins for Florida tomorrow to launch 



Bangladesh's first correspondence satellite Bangabandhu-1 will be dispatched from France to Florida of the Unite States tomorrow to launch to the circle in the following month. 

"Assembling Company Thales Alenia Space of France will dispatch the satellite for Florida through a particular freight airplane tomorrow morning from the stockroom in Cannes," Project Director Mohammad Mesbahuzzaman revealed to BSS today. 

American firm SpaceX which is doled out to dispatch the satellite would get it on March 30 and does important work for dispatch, he included. 

Thales Alenia Space finished the make of Bangabandhu-1 weighing 3.7 tons couple of months back and kept in a stockroom in Cannes of France. 

About the conceivable dispatch, the venture executive stated: "SpaceX in the wake of getting the load of the satellite will advise us about the season of dispatch inside 3-4 days." 

Answering to a question about the rocket by which Bangabandhu-1 will be propelled into the circle, Mesbahuzzaman said assembling of the rocket is in second stage and it will be finished inside couple of days. 

"We are utilizing a shiny new rocket for Bangabandhu that is the reason it's requiring little investment for propelling," said the undertaking chief, including, "In the event that we could have utilized old rocket, it would take significantly less time." 

Bangabandhu-I, to be propelled from Florida's Cape Canaveral take off platform, would take eight days to achieve its orbital opening at 119.1 degrees east. Bird of prey 9, one of the SpaceX's finest dispatch vehicles will be utilized for Bangabandhu-1. 

The satellite will have 40 transponders, of which 14 in C-band and 26 in Ku-band. One transponder is proportional to 36 MHz. 

Prior, Bangladesh Telecommunication Regulatory Commission (BTRC) Chairman Dr Shahjahan Mahmood said 20 transponders will be conveyed for local clients while the remaining will be sold in universal market. The satellite has 15 years for mission life traverse while an additional 3 years for its outline. 

Authorities said Ku-band will cover Bangladesh and its regional water groups of the Bay of Bengal, India, Pakistan, Nepal, Bhutan, Sri Lanka, Indonesia and the Philippines. 

Then again, C-band will cover Bangladesh, India, Indonesia, the Philippines, Myanmar, Bhutan, Nepal, Sri Lanka, Afghanistan, Pakistan, Tajikistan, Kyrgyzstan, Uzbekistan, Turkmenistan, and segments of Kazakhstan. 

Bangabandhu-1 satellite will offer video administrations for Direct-to-Home (DTH), e-learning, Tele-solution, Family Planning, Farming and so on while voice administration to cell backhaul, catastrophe recuperation and so forth and information benefit for web, SCADA, SOHO and in addition business-to-business (VSAT) and so forth. 

In November 2015, the BTRC marked a $248-million manage Thales Alenia Space to make and dispatch the satellite. 

Bangladesh will be the 57th nation when the satellite would be propelled into the orbital space on 119.1 degree east longitude which (opening) was purchased from Russian satellite organization "Intersputnik" for US$ 28 million in January 2015.

2. Stock financial specialists lost Tk 19,626cr in March 


Dhaka Stock Exchange lost around 5 percent, or Tk 19,626 crore, in showcase capitalisation so far this month on account of the keeping money division's drawn out liquidity emergency. 

Starting yesterday, advertise capitalisation of the nation's chief bourse remained at Tk 388,220 crore. 

DSEX, the benchmark general record of the Dhaka Stock Exchange, shed in excess of 379 focuses, or 6.45 percent, so far this month. 

"The saving money area and the capital market are connected," said Mohammed Rahmat Pasha, overseeing executive of UCB Capital Management. 

As banks are experiencing liquidity crunch, it has influenced the capital market, he stated, while asking the administration to concoct an approach support to enable speculators to recapture their trust in the market and increment liquidity supply. 

Recently, it fell 78.39 focuses, or 1.4 percent, to close at 5,491 focuses - the most minimal since June 19, 2017. 

The freefall left the key file to settle at underneath the 5,500-stamp. 

"Speculator slant in the market is as yet precarious because of the present liquidity emergency," said EBL Securities in its day by day showcase investigation. 

Froze speculators sold off their offers in every one of the divisions, including banks, monetary establishments, and fuel and power. 

Among the real divisions, material declined 2.83 percent, money related foundations 2.53 percent, banks 1.77 percent, common assets 1.49 percent, fuel and influence 1.39 percent, and building 1.28 percent. 

"The market is confronting a constrained deal weight," said a senior trader financier asking for not to be named. 

Speculators can take edge credit from trader banks to purchase "A" classification shares. 

In the event that the cost of the securities purchased with the obtained cash diminishes in an incentive past a specific point, the moneylenders can lawfully compel financial specialists to auction some of their advantages for spare their edge advance. 

As the offer cost of "A" class organizations fell essentially, a few offers achieved an indicate that drove a constrained offering. 

"Shipper banks are asking speculators to store cash; else they will do a constrained deal," the senior authority included. 

Turnover, an imperative marker of the market, went up 39 percent to Tk 311.44 crore, with 8.64 crore shares and common store units changing hands on the DSE. Washouts beat gainers as 282 declined, 37 progressed and 14 completed unaltered on the chief bourse. 

Grameenphone commanded the turnover outline with its exchange of 32.95 lakh shares worth Tk 7.06 crore, trailed by Square Pharma, Mercantile Bank, Salvo Chemical and Aamra Networks. 

Standard Insurance was the day's best entertainer with its 7.73 percent pick up, trailed by Monno Jute Stafflers, United Insurance and Agrani Insurance. 

Focal Insurance was the most exceedingly terrible washout of the day, shedding 9.69 percent, trailed by CAPM IBBL Mutual Fund, Queen South Textiles and SEML IBBL Shariah Fund. 

The port city bourse, the Chittagong Stock Exchange, likewise fell strongly, with its benchmark CSCX list shedding 137.61 focuses, or 1.3 percent, to complete at 10,238.28 focuses. 

Failures beat gainers as 190 declined, 29 progressed, and 8 completed unaltered. The port city bourse exchanged 54.95 lakh shares and common store units worth Tk 12.27 crore. 


3. Nine banks endure capital shortage 


Nine banks, which incorporate eight state banks and the inconvenience hit Farmers Bank, have neglected to meet the base administrative capital needs, in a stressing improvement for the legislature. 

According to the Basel III system, banks need to keep no less than 10 percent of their capital against their hazard weighted resources. 

Yet, Farmers Bank oversaw 5.31 percent, Bangladesh Commerce Bank 5.27 percent, Rupali 6.70 percent and Janata 9.63 percent as of December 31 a year ago. 

Five of them enrolled negative capital ampleness proportion (CAR): BASIC (11.05 percent), ICB Islamic (115.38 percent), Sonali (1.75 percent), Bangladesh Krishi Bank (44.53 percent) and Rajshahi Krishi Unnayan (7.53 percent). 

Amid the last quarter of 2017, the nine banks saw their capital setback swell by Tk 1,766 crore to Tk 19,466 crore, as indicated by information from the Bangladesh Bank. 

Of the total, the eight state banks represented Tk 17,442 crore; they are confronting the capital deficit in spite of the fact that the legislature has furnished them with Tk 14,505 crore since 2009. 

The legislature has additionally intended to infuse Tk 2,000 crore into the state banks this monetary year. 

"This won't help these state banks show signs of improvement wellbeing," said Ahsan H Mansur, official executive of the Policy Research Institute. The reasons being there is no central change in the administration of the state-run banks and they keep on violating the managing an account standards while dispensing credits, he said. 

"Or maybe, guaranteeing great administration will fortify their capital base," he included. 

Ranchers Bank confronted a capital deficiency of Tk 283 crore because of enormous budgetary tricks that debilitated its capital base. A developing number of non-performing advances constrained the bank to keep aside a vast sum as provisioning. 

On December 31 a year ago, the managing an account area's general CAR remained at 10.83 percent, up from 10.65 percent three months sooner, because of some private banks. 

The vast capital shortage isn't an alluring wonder for the nation's keeping money division as it would dissolve the investors' certainty, said AB Mirza Azizul Islam, a previous consultant to a guardian government. 

"The outside representatives normally screen the proportion of required capital and non-performing advances of the planned banks previously settling on their speculation choices. Such capital deficiency will debilitate them," he said. 

The national bank ought to fortify its checking of the managing an account segment to get control over budgetary tricks, he said. 

Inconsistencies fuel the defaulted advance, which, thusly, makes capital deficit in banks, Islam included. 

4. Preparing goes computerized 


Holding an instructional meeting for an extensive gathering of workers posted crosswise over Bangladesh would be a backbreaking errand for any organization headquartered in Dhaka. 

To make it a win, the organizations need to unite their staff individuals, deal with their convenience, sustenance and different offices, orchestrate the scene, create preparing educational modules, and set up numerous different things. 

Presently e-learning stages have come up as hero of the coordinators of such occasions. Summit Communications Ltd, a nearby telecom organizing supplier, is exploiting the stages to enhance the aptitudes of their representatives. 

Summit is taking the administration of sudoksho.com—an e-learning stage—which has outlined an elite course for its representatives. 

The organization intends to arrange a session on the set of principles for its 500 workers who are positioned at various areas the nation over. The virtual preparing will center around helping the members complete obligations keeping up the largest amount of individual and corporate trustworthiness. 

The course will spare significant working hours and an immense measure of cash as it will bring every one of the representatives under a typical virtual stage, said Arif-Al Islam, CEO of Summit Communications. 

"The development is giving us comfort," he said. 

The course will be put on a stage, and workers with access to it can partake whenever the timing is ideal. 

Sudoksho.com has likewise added an intelligent element to the session with the goal that workers can make inquiries and give feelings. The course educator will react promptly to help the members. 

A result of Enroute International Ltd, sudoksho.com, is as of now running two affirmed courses for the Bangladesh Institute of Bank Management: one using a credit card administration and the other on exchange administrations. 

"All things considered these are advanced developments and by utilizing computerized gadgets individuals can experience a course and adjust to the evolving scene," said Abu Daud Khan, CEO of Enroute. 

The organization has been occupied with physical preparing throughout the previous eight years and has now put it on the advanced stage. Individuals are taking various types of preparing to upgrade their skill, Khan said. 

Repto, another e-learning stage, has so far created 63 courses and is predominantly running person's ability building courses, for the most part concentrating on tertiary level understudies. 

By paying an ostensible expense, understudies can take in various limit building courses from home and plan for corporate employments, said Istiyak Sheyam, CEO of Repto Education Center. 

Sheyam built up the thought in 2015 soon after his higher optional examination. After a year, he got venture from Grameenphone Accelerator. 

Presently, around 45,000 unit courses have been finished utilizing the stage. At first, it was exceptionally extreme for Repto to offer online courses. 

"A decent number of the members have just landed positions," said Sheyam, who additionally went to more than 50 all inclusive rumored online courses. 

He said the online course is another idea in Bangladesh, however there is no other practical, less tedious, and powerful approach to upgrade the expertise of the young. 

Online stage 10 Minute School is putting forth far reaching study answers for various evaluations and has gotten colossal notoriety. 

In 2015, Ayman Sadiq established the stage and at the time it was the main site in Bangladesh that enabled understudies to gain from instructional exercises and live classes, hone from tests and model tests and screen advance. 

Not long after its dispatch, Robi thought of help and is helping the site to flourish. In December, the stage scooped the best honor of an Asia-Pacific local rivalry. 

Shyamoli Akbar, a teacher of the Institute of Education and Research at the University of Dhaka, hailed the ebb and flow wave of e-learning. 

"Without a doubt, this is an exceptionally positive pattern and we have to extend to accomplish the most ideal outcome," she said. 

The legislature has an open e-learning stage 'Muktopaath' and this has been created for eight lakh educators. 

Some different stages, for example, Khan Academy, Jaago Foundation's online school, Amar Pathshala, and Lekha Pora BD which are additionally getting footing. 

Khan of Sudoksho said the nation has restricted assets and needs qualified instructors. "That is the reason innovation can have an immense influence to make learning simpler and moderate." 

"Through e-taking in, the nation will get a legitimately prepared workforce inside a brief timeframe." 

5. Recorded fired producers' benefit jumped in 2017 


Recorded fired organizations saw higher development in benefit a year ago inferable from an expansion sought after from the land area and fare markets. 

Five organizations are recorded on the Dhaka Stock Exchange. Of them, three posted in excess of 150 percent development in benefit in 2017 from a year sooner. 

Monno Ceramic's benefit grew an amazing 676.38 percent to Tk 4.27 crore, while Standard Ceramic's benefit rose 209.24 percent to Tk 1.17 crore. 

Shinepukur Ceramics' benefit went up 188.86 percent to Tk 3.82 crore and RAK Ceramics' 11.17 percent to Tk 101.86 crore, the most astounding among the recorded earthenware creators, as indicated by an examination of Prime Finance and information from the DSE. Just Fu-Wang Ceramic's benefit declined - by 36.49 percent to Tk 8.07 crore. 

"Request from the land segment and in addition from abroad helped us net higher development in benefit," said Moynul Islam, bad habit executive of Monno Ceramic. 

He credited Monno Ceramic's accomplishment in cutting expense for the higher development in benefit. 

"2017 was a greatly improved year for the land part than the earlier year," said Alamgir Shamsul Alamin, leader of the Real Estate and Housing Association of Bangladesh (REHAB). 

In the event that the lodging division runs well it gives a lift to the retrogressive linkage businesses. 

Correct information on the offers of homes, business space and land a year ago was not accessible. 

Be that as it may, the REHAB said the division grew 5 to 7 percent in 2017, conquering the downturn in the past quite a long while. 

Bangladesh's artistic industry has encountered 200 percent development underway over the most recent five years, as indicated by the Bangladesh Ceramic Manufacturers and Exporters Association (BCMEA). 

The development energy is required to maintain for a significant period as the expectation for everyday comforts of individuals is ascending, as per the BCMEA. 

The part isn't without difficulties, and one of the fundamental boundaries standing up to the business is a lacking supply of flammable gas. 

Gaseous petrol isn't just the key vitality hotspot for the business it is likewise vital for keeping up the nature of items, said the business individuals. 

The locally accessible gas does not contain sulfur, so the finished result looks brighter and shinier, they said. 

The administration is set to expand the gas value, which will push the division in reverse in the worldwide market, said Islam, likewise the senior VP of the BCMEA. 

Bangladesh's artistic items have solid request in the worldwide market. "In any case, if the cost of gas goes up we won't have the capacity to contend with others," he said. 

The area fares to in excess of 50 nations, including the US, Canada, the EU, Australia, India, Nepal and Bhutan. 

In monetary 2016-17, artistic exporters brought $39.1 million, as indicated by the Export Promotion Bureau. The administration has set an objective to send out artistic items worth $43 million this financial year. 

At present, in excess of 60 tiles, sanitaryware and flatware makers are in activity in Bangladesh, as indicated by the BCMEA. 

The artistic business takes into account 85 percent of the interest for the Tk 2,000-crore neighborhood advertise. Interest in the part by neighborhood and outside speculators has just surpassed Tk 5,000 crore. 

At exhibit, the creation limit of clay tiles remained at 12 crore square meters for every year and for sanitaryware it is 75 lakh pieces. 

Recently, Fu-Wang Ceramic, RAK Ceramics, Standard Ceramic and Shinepukur shares declined, while Monno Ceramic picked up. 

6. Saudi Aramco boss says IPO on track for 2018 


The head of Saudi oil monster Aramco has said an eagerly awaited IPO is on track for 2018, yet declined to give a settled date - or scene. 

"We ought to be prepared for posting in the second 50% of 2018," CEO Amin Nasser revealed to Bloomberg Television on Monday, yielding that the oil goliath was taking a gander at an "intricate process". "There's a great deal of work that is as yet progressing, the IPO is continuous," Nasser said. 

"The scene and the planning is the administration... Keep in mind this is an extremely complex process. Aramco's size and complexities is something that requires time." 

Saudi specialists intend to list five percent of Aramco on an up 'til now unspecified securities exchange, however the organization has attempted to touch base at a $2 trillion valuation looked for by Saudi Crown Prince Mohammed receptacle Salman. 

Financial specialists are apparently incredulous about the extensive procedure of putting Aramco on an outside stock trade, conceivably the biggest stock deal ever, with New York, London and Hong Kong among the potential locales. Nasser, in any case, said there was "a considerable measure of interest for the posting". 

Saudi Arabia's vitality serve has raised worries that suit would muddle a posting in New York, despite the fact that President Donald Trump has freely campaigned for a US Aramco posting. 

The Wall Street Journal detailed a week ago that the organization may scrap its worldwide plans and pick rather for a residential trade posting. 

London's Financial Times detailed not long ago that the IPO might be deferred until 2019 at the soonest, refering to British authorities advised on the issue. 

The Aramco IPO design is a mainstay of the petro-state's "Vision 2030" change program, which expects to wean the economy off its dependence on oil incomes. 

Saudi Arabia, which relied on unrefined for in excess of 90 percent of its open incomes, has attempted to bob once more from a 2014 worldwide oil advertise crash activated by a yield overflow.
Today's Business News ( 28 March, 2018 ) Wednesday Today's Business News  ( 28 March, 2018 ) Wednesday Reviewed by The world News on March 28, 2018 Rating: 5

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