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

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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 March 14, 2022

Denim mills expand as global market booms

Fabric makers in Bangladesh have embarked on a massive expansion to capture more share of the fast-growing global denim market keeping pace with the changing fashion and styles. Currently, 40 denim mills are producing 280 lakh metres of denim fabrics in Bangladesh, up 40 per cent from five years ago.  Denim fabrics makers have appetite to grow further. And their ambition was fittingly brought up in the report of the Research and Markets, a global market research firm, last week. The global denim jeans market will spike to $76.1 billion by 2026, up from $57.3 billion in 2020, according to the analysis. The projection echoes recent data from retail intelligence platform Edited, which shows denim sales were up 10 per cent in 2021 from a year ago. It rose 27 per cent in the first week of 2022 compared to the same period last year. For instance, Envoy Textile Ltd produces 4.42 million metres of denim fabrics a month, up from 3.5 million metres two years ago.

Source: https://www.thedailystar.net/business/economy/news/denim-mills-expand-global-market-booms-2982416

 Linde proposes a 550% cash dividend – the highest in seven years

Linde Bangladesh Limited, the leading industrial and medical gas producer in the country has recommended a 550% cash dividend for its shareholders for 2021 – the highest in the last seven years. The multinational company will hold an annual general meeting (AGM) via a virtual platform on 12 May to secure approval from shareholders regarding the proposed dividend. The record date to determine investors for the AGM will be 31 March. Despite the higher dividend declaration, its share price fell 1.98% to close at Tk1,551.70 each on the Dhaka Stock Exchange on Sunday. Last year, its earnings per share jumped to Tk80.34, which was Tk77.70 in 2020, due to an increase in consumption of industrial gas and medical oxygen. Its net asset value per share increased to Tk395.55 at the end of December, from Tk355.75 a year ago.

Source: https://www.tbsnews.net/economy/stocks/linde-proposes-550-cash-dividend-highest-seven-years-384319

Pubali Bank inaugurated sub-branch

Pubali Bank Limited inaugurated its sub-branch at Gobindasree, Madan under Netrakona district. Sajjadul Hasan, Chairman, Board of Directors of Biman Bangladesh Airlines and Former Senior Secretary of Prime Minister’s Office, formally inaugurated the sub-branch as the chief guest.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/pubali-bank-inaugurated-sub-branch-1647186821

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 32,944.19
↓ 229.88↓ 0.69 %
FTSE100$ 7,155.64↑ 56.55↑ 0.80 %
Nikkei 225$ 25,342.77↑ 179.99↑ 0.72 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 106.17↓ 3.16↓ 2.89 %
Crude Oil (Brent)$ 109.63↓ 3.04↓ 2.70 %
Gold Spot$ 1,975.14↓ 13.32↓ 0.67 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 86.00
GBP 1BDT 112.1440
EUR 1BDT 93.8518

*World Commodities & Local and Global Stock Indices data are taken from bloomberg.com<

* Exchange Rates are taken from BB website, as on latest update.<

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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