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 18, 2024

BSK Bangladesh to invest $6.14 million in Cumilla EPZ

BSK Bangladesh Ltd, a Netherlands-Bangladesh joint venture company is going to set up a bag manufacturing industry in Cumilla EPZ. They will invest $6.14 million to produce 3 million pcs of handbags, backpacks, travel bags, wallets and trolley bags, reads a press statement issued today (17 April). The company will create job opportunities for 1032 Bangladeshi Nationals. Bepza is the pioneer Investment Promotion Agency of Bangladesh and has been successfully operating 8 EPZ with only 934 hectares of land. From the tiny piece of land, the authority contributes around 20% of the country’s total export.

Source: https://www.tbsnews.net/economy/bsk-bangladesh-invest-614-million-cumilla-epz-830216

Bank Asia set to acquire Alfalah’s Bangladesh operations

Bangladesh’s private commercial lender Bank Asia is set to acquire local operations of leading Pakistani bank Alfalah, incidentally amid waves of mergers and acquisitions in the banking industry’s reshuffle here. The matter of big acquisition deal between banks of the two countries separated five decades back through the Bangladesh liberation war transpires in Pakistani media reports. The Pakistani media outlets disclosed the development citing information that the Pakistani bank shared through a notice to the Pakistan Stock Exchange (PSX) on Wednesday. It will be the second acquisition move for Bank Asia to take over the leftover Bangladesh operations of a Pakistani bank after Muslim Commercial Bank Limited (MCB) Bangladesh chapter. BAFL is one of the largest banks in Pakistan, with a network of over 1,024 branches across more than 200 cities in the country, and an international presence in Afghanistan, Bangladesh, Bahrain, and the UAE. As per Alfalah’s latest financial results, the bank posted a consolidated after- tax profit of Pak Rs36.09 billion during the year 2023, which is over 96-percent higher than its earnings in the preceding year.

Source: https://today.thefinancialexpress.com.bd/first-page/bank-asia-set-to-acquire-alfalahs-bangladesh-operations-1713378276

Mr. Moidul Islam new DMD of EXIM Bank

Mr. Md Moidul Islam has been promoted to Deputy Managing Director of EXIM Bank. Prior to his promotion, he was Additional Deputy Managing Director of the bank. He started off his banking career as a probationary officer at Islami Bank Bangladesh Ltd in 1992 after obtaining his postgraduate degree in economics from Jahangirnagar University. He joined EXIM Bank as a Senior Principal Officer in 2001 and served as regional manager and branch manager in Dhaka division.

Source: https://today.thefinancialexpress.com.bd/trade-market/moidul-islam-new-dmd-of-exim-bank-1713376843

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 37,753.31
↓ 45.66↓ 0.12 %/span>
FTSE100$ 7,847.99↑ 27.63 ↑ 0.35 %
Nikkei 225$ 38,102.69↑ 140.89↑ 0.37 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 82.89↑ 0.20↑ 0.24 %
Crude Oil (Brent)$ 87.57 ↑ 0.28↑ 0.32 %
Gold Spot$ 2,375.17↑ 14.15↑ 0.60 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 110.0000
BDT 110.0000

*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