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 December 13, 2022

UAE keen to increase engagement with Bangladesh

The United Arab Emirates (UAE) has sought cooperation from the Bangladesh government for the operation of Abu Dhabi-based Wizz Air flights between Abu Dhabi and Dhaka/Chittagong as a low-cost airline.Ambassador of the United Arab Emirates to Bangladesh Abdullah Ali Al Hamoudi met Foreign Minister Dr AK Abdul Momen at the Ministry of Foreign Affairs on Sunday and discussed issues of mutual interest.Foreign Minister Momen has said the relationship between Bangladesh and the United Arab Emirates (UAE) is becoming stronger day by day, reports UNB.He listened to the envoy and assured of full cooperation. Momen further stressed strengthening cooperation on food security, energy security and climate change issues between Bangladesh and the UAE.The UAE envoy expressed his country’s interest to scale up the bilateral engagements between the two countries.He underlined the need to enhance cooperation on trade and investment, air and shipping connection, agriculture, food security, floating-based solar energy, pharmaceuticals, IT, afforestation, alliance for mangrove forests etc.

Source: https://thefinancialexpress.com.bd/economy/uae-keen-to-increase-engagement-with-bangladesh-1670838154

China offers $11b JV project

A Chinese company has offered to build tracks and operate high-speed train on Bangladesh’s prime Dhaka-Chattogram corridor with an investment of over US$ 11 billion, officials say.The Chinese firm has proposed to form a joint-venture company with the governments of Bangladesh and China for the big-venture modern train communications.The firm-China Railway Design Corporation (CRDC)–submitted the proposal to the Ministry of Railway (MoR), dated November 12, showing 20:80 share for the governments of Bangladesh and China respectively under Bangladesh High Speed Railway Limited company.Sources said the MoR sent the proposal to Bangladesh Railway to get its opinion on the big venture after discussion.The latest unsolicited proposal through G-2-G Boo basis is, however, a shift from the company’s earlier proposal submitted to the MoR in June on public-private partnership (PPP) model.The Chinese proposal has been received when the BR has suspended its move to develop the bullet train on the same corridor amid government’s austerity measures, after carrying out the feasibility study.The study done in 2020 was, however, had recommended developing the corridor from Dhaka through Chattogram up to Cox’s Bazar for making it viable to spend billions of dollars.

Source: https://thefinancialexpress.com.bd/economy/china-offers-11b-jv-project-1670640164

BB sends observers to Islami Bank, FSIBL

Bangladesh Bank yesterday re-appointed an observer at Islami Bank and dispatched an observer for the first time at First Security Islami Bank (FSIBL) — the two Shariah-based lenders where Chattogram-based business giant S Alam Group has significant stakes.Md AbulKalam, director of the central bank’s forex reserve and treasury management department, will serve as the observer at Islami Bank and MotasemBillah, director of the payment systems department, will as an observer at FSIBL.The decision comes amid reports of allegations of irregularities in the disbursement of large amounts of loans in violation of banking rules in recent times.On December 4, the High Court directed the authorities to probe the alleged loan scams at Islami Bank, Social Islami Bank and FSIBL, whose chairman is S Alam Group chairman Mohammed Saiful Alam. S Alam Group has significant stakes at Social Islami Bank, too.

Source: https://www.thedailystar.net/business/economy/banks/news/bb-sends-observers-islami-bank-fsibl-3194546

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
↑528.58 ↑1.58%
FTSE100$7,445.97 ↓30.66 ↓0.41%
Nikkei 225$27,954.44 ↑112.11↑0.40%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$74.23 ↑1.06 ↑1.45%
Crude Oil (Brent)$79.16 ↑1.17↑1.50%
Gold Spot$ 1,784.02 ↑2.58↑ 0.14%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 103.5100
BDT 107.0000

*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