$

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

Overseas: +8809678016474 For Help Local: 16474

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Daily Business News Flash August 29, 2021

Mutual fund earnings fly as capital market rebounds

The mutual fund industry is performing well and recommending impressive dividends for unitholders as the capital market bounced back in the last fiscal year. Market insiders say fund managers are seeing good earnings as they invested in undervalued stocks with high return potential. The trustee committee of NLI First Mutual Fund has recommended a 17.5% cash dividend for unitholders for the period ending on 30 June 2021.  The fund reported earnings per unit of Tk3.34 while the loss per unit was Tk0.76 in the same period of 2020.   In this period, SEML FBLSL Growth Fund, SEML Lecture Equity Management Fund, and Asian Tiger Sandhani Life Growth Fund each recommended a 15% cash dividend for their unitholders.

Source: https://www.tbsnews.net/economy/stocks/mutual-fund-earnings-fly-capital-market-rebounds-294565

 Marine Drive to widen to boost tourism, agriculture

The government is going to develop the Cox’s Bazar-Teknaf Marine Drive by increasing the width of a 32km stretch from 3.7m to 7.3m, an effort to boost the local economy by attracting tourists and agro investments. Besides, new bridges will be constructed on the road and its various defects will be repaired. Running through the world’s longest beach on one side and green hills on the other, the Marine Drive is playing a vital role in the local economy, including the tourism and agriculture sectors. However, various defects in the 80km road have been causing traffic congestions and accidents since its inauguration. The Road Transport and Highways Division has already sent a proposal to the Planning Commission for a Tk1,021.61 crore project titled “Cox’s Bazar-Teknaf Marine Drive Road Widening” to develop a 32km stretch of the road in the first phase.It has also asked for Tk28.75 crore for land filling, Tk9.65 crore for different road-related services, Tk28.35 crore for geotextile, Tk58 crore for retaining walls, and Tk64.80 crore for tetrapods.

Source: https://www.tbsnews.net/bangladesh/infrastructure/marine-drive-widen-boost-tourism-agri-294646

 Marico Bangladesh Limited has recently deposited Tk 22.0 million to the Bangladesh Labour Welfare

Marico Bangladesh Limited has recently deposited Tk 22.0 million to the Bangladesh Labour Welfare Foundation Fund under the Ministry of Labor and Employment. The cheque was handed over to State Minister for Labor and Employment Begum MonnujanSufian by the representatives of the Workers Profit Participation Trust Fund.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/marico-bangladesh-limited-has-recently-deposited-tk-220-million-to-the-bangladesh-labour-welfare-1630165459

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 35,455.80
↑242.68↑0.69%
FTSE100$ 7,148.01↑23.03↑0.32%
Nikkei 225$ 27,641.14↓101.15 ↓0.36%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 68.74↑1.32↑1.96 %
Crude Oil (Brent)$ 72.70↑1.63↑2.29 %
Gold Spot$ 1,817.58↑25.15↑1.40 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 85.2000
GBP 1BDT 117.2608
EUR 1BDT 100.3145

*CURRENCIES AND COMMODITIES ARE TAKEN FROM BLOOMBERG.<

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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