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 August 24, 2022

Bangabandhu Shilpa Nagar: 2 companies begin production, more to follow

Two companies in Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN), the country’s largest industrial city in Chattogram, have gone into production this year while two others are gearing up for production next year. Ferdous Wahid, assistant engineer of Bangladesh Economic Zones Authority (Beza), told The Business Standard (TBS), “Asian Paints Bangladesh Ltd started production in April this year and Nippon-McDonald – a joint venture company of Japanese Nippon Steel Corporation and Bangladeshi McDonald Steel Building Products Ltd – went into production earlier in March. The paints and steel sheets produced by these companies are being supplied in the domestic market. Nippon-McDonald set up the steel factory on 10 acres of land with an investment of Tk114 crore. It began trial production on 25 January. McDonald Steel’s Project Manager Abdullah Al Mamun told TBS that the company delivered the first consignment of 20 tonnes of steel to the Bangladesh Bridge Authority on 23 March. Production has continued ever since. Mild steel plates are being manufactured in this factory.

Source: https://www.tbsnews.net/economy/industry/bangabandhu-shilpa-nagar-2-companies-begin-production-more-follow-482294

National Bank rolls out multi-currency debit card

National Bank Limited launched its first-ever Visa-branded, EMV Chip-enabled Multi-Currency Debit Card with NFC (Near Field Communication) technology under Q-Cash Network at an event at its Head Office in Dhaka. This Debit Card can be used both locally and internationally. The cardholders can use the card to make both local and international POS, E-commerce and ATM cash withdrawal transactions provided that the cardholder has endorsed against his or her passport as per the central bank’s rules and subject to have sufficient balance in NBL-linked savings or current accounts.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/national-bank-rolls-out-multi-currency-debit-card-1661278683

 Trendy Textiles to invest $39m in Dhaka EPZ

Trendy Textiles Ltd, a local company,  will invest $38.99 million to establish a knit composite textile factory in the Dhaka Export Processing Zone (EPZ). Some 2,993 Bangladeshi nationals will get jobs in the company. The company will annually produce 15 million pieces of t-shirt, tank-top, polo-shirt, sweat-shirt, cotton and CVC fleece jacket and trousers, hoodies, fancy ladies and children wear along with sportswear.

Source: https://www.thedailystar.net/business/organisation-news/news/trendy-textiles-invest-39m-dhaka-epz-3101736

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 32,909.59
↓ 154.02↓ 0.47 %
FTSE100$ 7,488.11↓ 45.68↓ 0.61 %
Nikkei 225$ 28,359.10↓ 93.65↓ 0.33 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 93.69 ↓ 0.05↓ 0.05 %
Crude Oil (Brent)$ 100.08↓ 0.14↓ 0.14 %
Gold Spot$ 1,745.04↓ 3.11↓ 0.18 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 95.0000
GBP 1BDT 111.8055
EUR 1BDT 94.4680

*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