$

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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Rate last updated: 02/01/2014 11:15:04 AM

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Daily Business News Flash May 22, 2022

Modern Syntex coming to feed into major demand for synthetic yarns

Modern Syntex has stepped up with a big investment in manufacturing polyester and synthetic yarns to fit the bill for global consumers switching from cotton to manmade fabrics. The factory, being developed on 20 acres of land in Bangabandhu Shilpa Nagar, has so far made 90% progress in its work. It has invested $131 million to produce four types of products, such as polyester draw textured yarn (DTY), polyester fully drawn yarn (FDY), polyester staple fibre (PSF), polyethylene terephthalate (PET) chips, to provide backward support to readymade garment, footwear and vehicle-making industries. Currently, Bangladesh depends on imports of such raw materials from China, Indonesia, Korea and India etc. Company officials claimed that once the factory goes into operation in March-April 2023, it will have capacity to meet a major portion of local demand for synthetic and polyester fibres and yarns. According to Modern Syntex sources, the factory is being set up in Zone-6 of Bangabandhu Sheikh Mujib Industrial City with the technological help of German company Oerlikon. Paban Chowdhury, the then executive chairman of Bangladesh Economic Zones Authority (Beza), inaugurated the construction work of this project on 7 February 2020.

Source: https://www.tbsnews.net/economy/rmg/modern-syntex-coming-feed-major-demand-synthetic-yarns-424414

 NCC Bank launches two new products

NCC Bank has launched two new services namely ‘NRB Home Loan’ and ‘Micro ATM’ on the occasion of its 29th anniversary, says a press release. Chairman of the bank Md Abul Bashar launched these products on Thursday at NCC Bank Bhaban in Dhaka. Chairman of the bank Md Abul Bashar said NCC Bank is committed to providing best services to satisfy all customers. The bank is incorporating various technology-based products and services for customer satisfaction and this trend will continue in the future as well.

Source: https://today.thefinancialexpress.com.bd/trade-market/ncc-bank-launches-two-new-products-1653148398

 Social Islami Bank Limited has opened 15 agent banking outlets

Social Islami Bank Limited has opened 15 agent banking outlets. Chairman of the bank Dr Md Mahbub Ul Alam along with Managing Director and CEO Zafar Alam and other high officials inaugurated the agent outlets through a virtual platform from its head office on Thursday.

Source: https://today.thefinancialexpress.com.bd/trade-market/social-islami-bank-limited-has-opened-15-agent-banking-outlets-chairman-of-the-bank-dr-md-mahbub-ul-alam-1653148692

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 31,261.90
↑ 8.77↑ 0.03 %
FTSE100$ 7,389.98↑ 87.24↑ 1.19 %
Nikkei 225$ 26,739.03↑ 336.19↑ 1.27 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 110.28↑ 0.39↑ 0.35 %
Crude Oil (Brent)$ 112.55↑ 0.51↑ 0.46 %
Gold Spot$ 1,846.50↑ 4.65↑ 0.25 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 87.5000
GBP 1BDT 108.0100
EUR 1BDT 91.6125

*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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