$

TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK

€

TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK

£

TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK

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Daily Business News Flash February 08, 2022

Team Group targets $1b export by 2026 Ships garments, medicines

Team Group, a leading garment exporter, has targeted to export goods worth $1 billion by 2026, when Bangladesh is scheduled to officially make the United Nations status graduation from a least developed to a developing country. To put this into perspective, Bangladesh earned $4.85 billion from merchandise exports in January with apparel shipments accounting for about 85 per cent of it. Among the ventures, the garment buying house’s exports last year stood at $270 million, said Abdullah Hil Rakib, managing director of Team Group, during a conversation at his factory. Exporting pharmaceuticals over the last couple of years on initially catering to local demand, the group sold medicine worth nearly

$15 million locally and $600,000 abroad last year. The group now employs 18,000 workers. He has also been regularly providing training to workers to meet the crisis of skilled workers so that they can handle the modern machineries.

Source: https://www.thedailystar.net/business/economy/news/team-group-targets-1b-export-2026-ships-garments- medicines-2956976

Tulip cultivation to boost regional economy, tourism

A remote village in Panchagarh’s Tentulia upazila is now abuzz with visitors from various parts of Bangladesh after eight farmers harvested high-value tulip flowers under a pilot scheme. The successful cultivation of the flower, considered a popular ornamental plant across the world, shows the prospect of boosting tourism and the regional economy. The farmers collectively contributed about 40 decimals of land in three separate spots, where around 40,000 bulbs were planted on January 1. The flowers started blooming after 21 days, said Aynul Haque, the project coordinator of the ESDO. The ESDO is helping growers supply their produce to various flower markets and plans to help them cultivate other flowers during the rest of the time of the year so that they can survive economically.

Source: https://www.thedailystar.net/news/bangladesh/agriculture/news/tulip-cultivation-boost-regional-economy- tourism-2956961

NCC Bank wins remittance award

NCC Bank has recently won a “Remittance Award-2022” from the Centre for NRB, a non-profit organisation for non- resident Bangladeshis, for its remittance services. Mohammad Mamdudur Rashid, managing director, received the award from AK Abdul Momen, minister for foreign affairs, at the inaugural ceremony of “World Conference Series-2022” titled “Branding Bangladesh” at Pan Pacific Sonargaon Dhaka.

Source: https://www.thedailystar.net/business/economy/banks/news/ncc-bank-wins-remittance-award-2956936

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 35,091.13
↑ 1.39↑ 0.00 %
FTSE100$ 7,573.47↑ 57.07↑ 0.76 %
Nikkei 225$ 27,308.33↑ 59.46↑ 0.22 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 91.29 ↓ 0.03↓ 0.03 %
Crude Oil (Brent)$ 92.55↑ 0.14↑ 0.15 %
Gold Spot$ 1,822.37↑ 1.90↑ 0.10 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 86.00
GBP 1BDT 116.3752
EUR 1BDT 98.4786

*CURRENCIES AND COMMODITIES ARE TAKEN FROM BLOOMBERG.<

AN IMPORTANT MESSAGE FROM

EMRANUL HUQ

MANAGING DIRECTOR & CEO OF DHAKA BANK LIMITED

Dear Valued Patrons,

At the very onset, let me express my heartiest gratitude for allowing us to serve you and I also wanted to reach out to you directly with an assurance that Dhaka Bank is fully equipped to support you during this difficult time.

Last couple of weeks ago we all were living in a peaceful condition, performing our daily tasks freely and perfectly. Entire economy and business environment was also in a good shape, until COVID-19 put a forceful stoppage to the overall life style and economy of the world. We all know that social distancing and cleanliness are the keys to prevent this pandemic. Hence, we urge your conscious effort to limiting public interaction and suspending wherever possible.

YOUR SAFETY MEANS EVERYTHING TO US
In this current situation, Dhaka Bank and its employees are beside you where we are fully online, either working from home or at our offices under a robust Business Continuity Plan (BCP) to serve you with limited branch banking and a full-fledged alternate delivery channel services.

WE WILL TAKE CARE OF YOUR BANKING NEEDS
Our state of the art Mobile App, Dhaka Bank GO (Click https://bit.ly/2WVfieu) and Internet Banking - Dhaka Bank Direct gives you the freedom of banking online anytime from anywhere. You can check the balance and transfer money to any designated Banks including any Dhaka Bank or bKash Account, make utility bill payments and mobile top-up through our Mobile App and Internet Banking Services. Our ATMs are also running efficiently with availability of sufficient cash for your convenience where you can make cash withdrawals whenever the need arises. Mentionable, the withdrawal of cash from any ATMs within Bangladesh with Dhaka Bank Debit Cards are absolutely free of charges up till April 30, 2020 (Dhaka Bank will bear the cost). Our corporate customers can also use our completely safe and secured online platform Dhaka Bank C-Solution for Payments, Inter Bank Fund Transfers, etc.

Moreover, to fulfill your urgent requirement, we have a limited no. of branches up and running by ensuring all kinds of precautionary and safety measures for you.

GET IN TOUCH IF YOU ARE IN EXTREME EMERGENCY
In case of extreme emergency and facing difficulties in conducting banking transactions, please let us know through our 24/7 Contact Center number 16474 (or, dial +8809678016474 for ISD/Overseas Calls). We are always with you to combat your difficulties.

WE WILL FREQUENTLY UPDATE YOU
As you know we are going through a critical phase and the situation is novel to all of us. We are getting lot of new information from various sources everyday about COVID-19 which will be shared at www.dhakabankltd.com.

Thank you for your trust and continued support to us. I firmly believe that jointly we will be able to combat this situation and win against all the odds.

Please stay home, stay safe and take care of yourself and family.

Best regards,

Emranul Huq
Managing Director & CEO
Dhaka Bank Limited

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