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 7, 2023

Bangladesh’s leather exports to benefit from CETP upgrade

The government up until now has allowed two tanneries of Apex and Bay Leather to set up their own effluent treatment plants and other companies are waiting for permission for theirs as well, according to industry people. The move comes as a part of the government’s efforts to reduce pressure on the central effluent treatment plant (CETP) at the tannery industrial estate in Savar, Dhaka by encouraging the private firms to set up their own. Till date, only five tanneries in the country have attained the LWG certification – Apex Tannery, Riff Leather, SAF Industries, Superex Leather, and ABC Leather. As per data of Bangladesh Tanners Association (BTA), there are around 200 tanneries in the country and 127 of them are based inside the estate. These tanneries can collectively produce about 300 million square feet of finished and semi-finished leather each year.

Source: https://www.thedailystar.net/business/news/bangladeshs-leather-exports-benefit-cetp-upgrade-3486771

Elon Musk’s Starlink to make entry to Bangladesh

The government has decided to award a licence to Starlink, operated by American aerospace company SpaceX, the brainchild of billionaire Elon Musk, in a development that could create some competition in the internet business in Bangladesh. Starlink’s arrival in areas with traditional telecom and cable internet will foster competition, potentially leading to improved service quality and expanded access. The cost of the Starlink internet is also prohibitively high in the context of Bangladesh, costing about $120 per month in most locations while the initial hardware costs reach up to $599, according to its website. From local ISPs, 5mbps broadband costs about Tk 500 per month while mobile internet cost between Tk 400-500 per 30GB. SpaceX, currently worth about $150 billion, provides satellite internet coverage to more than 60 countries with about 4,519 Starlink satellites currently in orbit.

Source: https://www.thedailystar.net/business/news/musks-starlink-make-entry-bangladesh-3487811

Mr. Md. Jahangir Alam joins as Union Bank DMD

Md. Jahangir Alam, a veteran banker having more than 3 decades of experience has recently joined shariah-based Union Bank PLC.as its Deputy Managing Director. Prior to joining this 4th generation shariah-based, Mr. Alam was CAMLCO and Deputy CRO of 1st generation AB Bank. Mr. Alam obtained his M.Com (Marketing) and LLB from Rajshahi University (RU) and MBA from Commonwealth of Learning (COL), Vancouver, Canada. He also obtained professional degrees from Franch, USA and UK. He is a professional having more than 30 years of working experience in different financial institutions ranging from first generation to third generation private commercial banks.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/jahangir-alam-joins-as-union-bank-dmd-1701887263

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 36,054.43
↓ 70.13↓ 0.19 %
FTSE100$ 7,515.38↑ 25.54↑ 0.34 %
Nikkei 225$ 32,858.31↓ 587.59↓ 1.76 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 69.89↑ 0.51↑ 0.74 %
Crude Oil (Brent)$ 74.91↑ 0.61↑ 0.82 %
Gold Spot$ 2,029.20↑ 3.65↑ 0.18 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 110.2500
BDT 110.2500

*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