$

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 November 29, 2023

Three firms spending Tk 1,000cr on first private submarine cable

Three local companies are spending about Tk 1,000 crore for the first private submarine cable that will connect Bangladesh with the outside world for data transmission. Three private licensees of submarine cable — Summit Communications, CdNet Communications and Metacore Subcom Ltd — have formed a consortium to install the cable, which will have the capacity to supply 45,000Gbps bandwidth. The 3,000km undersea cable, originating from Singapore, will connect to Bangladesh’s Cox’s Bazar. The fibre laying process will be conducted in two phases. Bangladesh is a member of the South East Asia-Middle East-Western Europe 4 (SEA-ME-WE 4) consortium, the first undersea cable with which Bangladesh was connected in 2006. It supplies about 800Gbps bandwidth.

Source: https://www.thedailystar.net/business/news/three-firms-spending-tk-1000cr-first-private-submarine-cable-3481351

ADB to give Bangladesh $1 billion loan for five projects

The Asian Development Bank (ADB) today signed multiple agreements with Bangladesh to provide the country with $1.026 billion in loans for five different projects. The projects are taken for energy efficiency, vaccine production, clean water and sanitation in Chattogram Hill Tracts, improving computer and software engineering education in three universities and upgrade Dhaka-Northwest international road corridor. The assistance forms the third tranche of $1.2 billion multitranche ADB loans for the Second South Asia Subregional Economic Cooperation Dhaka-Northwest Corridor Road Project. The Smart Metering Energy Efficiency Improvement Project taken as part of the government’s efforts to reduce losses by installing 650,000 smart prepaid gas meters for residential customers, primarily in South Dhaka and Narayanganj will get $200 million ADB loan.

Source: https://www.thedailystar.net/business/news/adb-give-bangladesh-1-billion-loan-five-projects-3481076

One-stop service centre opens at BSEZ for investors

A regional one-stop service centre (OSSC) was inagurated at the Bangladesh Special Economic Zone (BSEZ) in Araihazar, Narayanganj on Tuesday aimed at ensuring a seamless solution for potential investors. The regional OSSC would act as a central hub for various administrative processes, including licensing, permits, and customs clearance, says to a press release. The Bangladesh Economic Zones Authority (BEZA) set up the OSSC with the technical cooperation of the Japan International Cooperation Agency (JICA) under the ‘Special Economic Zone Management and Investment Promotion Capacity Building Project.’

Source: https://today.thefinancialexpress.com.bd/trade-market/one-stop-service-centre-opens-at-bsez-for-investors-1701188092

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 35,416.98
↑ 83.51↑ 0.24 %
FTSE100$ 7,455.24↓ 5.46↓ 0.07 %
Nikkei 225$ 33,415.14↑ 6.75↑ 0.02 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 76.55 ↑ 0.14 ↑ 0.18 %
Crude Oil (Brent)$ 81.63 ↓ 0.05↓ 0.06 %
Gold Spot$ 2,043.51↑ 2.54↑ 0.12 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
CurrencyLowestHighest
USD 1BDT 110.5000
BDT 110.5000

*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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