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

Click to Close

Rate last updated: 02/01/2014 11:15:04 AM

Daily Business News Flash February 06, 2022

First industrial park for shoes shaping up

A top footwear manufacturer is setting up a shoe industrial park, the first of its kind in Bangladesh, to supply import substitute raw materials and accessories to producers, boost exports and attract foreign investment. The Bangladesh Investment Development Authority (Bida) gave the permission for the establishment of the Bangladesh Shoe City Ltd in September.The park, which is being set up in Gazipur, would cost around $100 million, or Tk 900 crore. Of the sum, Khan’s equity is 46 per cent and a global lender will provide the rest.The park is located over 35 acres of land where 24 factories could be accommodated. The land has been developed.The footwear sector needs at least 152 items to manufacture a piece of shoe. Of them, 50 major items will be produced in the park. The park has received investment proposals from foreign investors involving Tk 450 crore and this may go up to Tk 1,000 crore. It will create 26,000 jobs, directly.The sector earned $941.67 million from the shipment of leather, leather goods and footwear in the financial year of 2020-21.

Source: https://www.thedailystar.net/business/economy/news/first-industrial-park-shoes-shaping-2955451

Farmers to get smart cards

The government is going to introduce smart cards for farmers with an aim to provide area-based and demand-based agricultural services. The smart cards will be given to 1.09 crore farmers across the country. It will be used as the farmers’ digital identity, which will help them get government incentives as well.To this effect, a pilot project involving Tk 107.921 crore is in the pipeline to provide the digital service for farmers in 14 agricultural zones of nine districts.The Department of Agricultural Extension (DAE) will implement the project with government finances by September 2024. The project proposal has been sent to the planning ministry, which will place it before the Executive Committee of the National Economic Council (Ecnec) for approval.

Source: https://www.thedailystar.net/business/economy/news/farmers-get-smart-cards-2955441

Global equity funds see biggest inflow in three weeks

Global equity funds lured big inflows in the seven days to Feb. 2 on optimism over strong earnings from US technology companies and on hopes that inflation would ease later this year. Strong earnings from tech firms including Apple Inc, Alphabet and chipmaker Advanced Micro Devices, boosted investor appetite during the week. Investors purchased European and Asian equity funds of $15.44 billion and $3.16 billion respectively, while selling US equity funds of $7.9 billion. Tech and consumer discretionary sector equity funds posted outflows of over $1.1 billion each, while financials obtained inflows worth $0.64 billion.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/global-equity-funds-see-biggest-inflow-in-three-weeks-1644074548

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 35,089.74
↓21.42↓0.06 %
FTSE100$ 7,516.40↓12.44↓0.17 %
Nikkei 225$ 27,439.99↑198.68↑0.73 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 92.31 ↑2.04↑2.26 %
Crude Oil (Brent)$ 93.27↑2.16↑2.37 %
Gold Spot$ 1,808.28↑3.43↑0.19 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 86.00
GBP 1BDT 116.7966
EUR 1BDT 97.2402





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