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

Daily Business News Flash April 10, 2022

Bangladesh becoming a key sweater sourcing hub

Bangladesh is turning into a major sourcing hub for sweaters for international clothing retailers and brands as work orders are shifting from China and global fashion trends are changing. Chinese manufacturers are no longer interested in making sweaters because of the complexities in the manufacturing process, higher cost of production, and shortage of skilled workers, according to industry insiders.As a result, exports of the item are rising from Bangladesh, the world’s second-largest garment supplier after China. Earnings from sweater exports reached $4.05 billion in the fiscal year of 2020-21, up 12.62 per cent year-on-year. In FY20, the receipts stood at $3.59 billion, a decrease of 15.47 per cent from the previous year’s $4.25 billion, as the severe fallout of the coronavirus pandemic took a toll.Of the $600 million garments exported to Russia last year, the majority were sweaters. Russians use sweaters all year round and they offer better prices than other countries.

Source: https://www.thedailystar.net/business/economy/news/bangladesh-becoming-key-sweater-sourcing-hub-3001701

ACI plans waste management tech by producing bio-fertiliser

ACI Fertilizer Limited is planning to introduce a waste management technology in Bangladesh which will convert organic wastes into bio-fertilisers – a key substance to improve soil fertility. According to ACI sources, the company is working to bring this technology, called EcoDigester, to Bangladesh in collaboration with the Netherlands. In addition to large-scale waste management, the machine will produce organic fertilisers, which are important for sustainable agriculture. Using a specific type of bacteria, the EcoDigester can process any decomposable waste in just 24 hours. It is possible to produce 5-10 tonnes of organic fertiliser a day with this industrial grade machine.It will cost Tk6 crore to set up a machine with a processing capacity of 10 tonnes of waste per day. Around 3-3.5 tonnes of bio-fertiliser can be produced from 10 tonnes of waste. Moreover, a smaller version of the machine will cost around Tk30-35 lakh which will be able to process 50 kg of waste a day.

Source: https://www.tbsnews.net/economy/corporates/aci-plans-waste-management-tech-producing-bio-fertiliser-399594

Trading on SME board soars

Trading on the exchanges’ SME board is getting momentum gradually following the rise in the number of listed companies and increased participations from qualified investors (QIs). Trading commenced on the SME board of Dhaka Stock Exchange (DSE) on September 30, 2021 and on the day the board saw a turnover of Tk 2520 only. Later, the DSE’s SME board featured a daily average turnover of Tk 3.42 million in October, Tk 1.62 million in November and Tk 1.89 million in December, 2021. The SME board of the premier bourse posted a daily average turnover of Tk 0.72 million in January, Tk 0.61 million in February and Tk 13.93 million in March, 2022.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/trading-on-sme-board-soars-1649519109

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,721.12
FTSE100$ 7,669.56↑117.75↑1.56%
Nikkei 225$ 26,985.80↑97.23↑0.36 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 98.26↑2.23↑2.32%
Crude Oil (Brent)$ 102.78↑2.20↑2.19%
Gold Spot$ 1,947.54↑15.68↑0.81 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 86.2000
GBP 1BDT 112.6806
EUR 1BDT 93.9321

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

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




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.

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.

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.

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.

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