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 February 06, 2024

Deshbandhu Group for Tk 100b fresh investment

Already a household name, Deshbandhu Group is all set for investing Tk 100 billion in several fresh ventures avowedly to boost the nation’s economy and generate employment. The industrial units the corporate is undertaking happen to be import-substitution ones for local consumption and also export-boosters. Company officials say the new investments will be across sectors like PSF and PET Industries, Steel Mills, Consumer Goods, Electric Vehicles Assembly Plant, Eco Brix Industry, Western Footwear and a Lithium Ion Battery Plant. The group anticipates creating approximately 15,000 new jobs, thereby increasing its total workforce from around 25,000 to 40,000. Apart from its Deshbandhu Sugar Mill, one of the leading sugar suppliers in Bangladesh, the company has also started building a new European-standard sugar mill with 1500-tonne daily capacity with a Tk 15.0 billion worth of investment. Production is scheduled to commence in June 2024, creating employment opportunities for 2,000. Set up on a 50-acre site in Hatikumrul, Sirajganj, this venture aims to generate employment for an additional 5,000 people upon full-scale production by 2028. Other ongoing projects include the establishment of a Power Pack Economic Zone near Mongla seaport and PSF & PET Industries in Mongla, which are expected to create employment for approximately 2,000 individuals.

Source: https://today.thefinancialexpress.com.bd/first-page/deshbandhu-group-for-tk-100b-fresh-investment-1707155526

DSE daily turnover surpasses Tk 16b, on enthusiasm in bank stocks

Stocks witnessed yet another upbeat session on Monday, with turnover surpassing Tk 16 billion-mark for the first time in more than 16 months, as buoyant investors put fresh bets on heavyweight bank shares. Turnover, a crucial indicator of the market, stood at Tk 16.55 billion on the country’s premier bourse after a 5 per cent increase from the previous day. It happened to be the biggest single-day transaction since September 25, 2022 when the turnover was recorded at Tk 18.10 billion. Aligned with the rising turnover value, DSEX, the benchmark index of the Dhaka Stock Exchange, went up 42 points or 0.67 per cent to settle at 6,322. The DSEX recovered 243 points in the past six consecutive sessions. Two other indices also stayed upbeat. The DS30 Index, which consists of blue-chip companies, soared more than 8 points to 2,133, while the DSES index, which represents Shariah-based companies, rose almost 6 points to 1,376. A majority of the stocks saw price surge, as out of 395 issues traded, 261 closed higher, 93 ended lower and 41 remained unchanged on the DSE trading floor. Most sectors posted gain with financial institutions securing the highest return of 4.2 per cent, followed by engineering, life insurance and travel & leisure.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/dse-daily-turnover-surpasses-tk-16b-on-enthusiasm-in-bank-stocks-1707154725

Mr. Sazzad Haider new DMD of Prime Bank

Mr. Syed Sazzad Haider Chowdhury has been promoted to Deputy Managing Director and Chief Information Officer of Prime Bank PLC. Prior to this new role, he has been serving as Senior Executive Vice President and Chief Operating Officer of the bank. Mr Chowdhury, who previously worked with Dhaka Bank and Eastern Bank, has more than 26 years of experience in the banking sector. He did his bachelor’s and master’s degrees in physics from the University of Dhaka. He also completed master’s degree in international trade business from the same university.

Source: https://today.thefinancialexpress.com.bd/trade-market/sazzad-haider-new-dmd-of-prime-bank-1707154491

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 38,380.12
↓ 274.30↓ 0.71 %
FTSE100$ 7,612.86↓ 2.68↓ 0.04 %
Nikkei 225$ 36,114.06↓ 240.10↓ 0.66 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 72.85↑ 0.07↑ 0.10 %
Crude Oil (Brent)$ 78.06↑ 0.07↑ 0.09 %
Gold Spot$ 2,023.72↓ 1.39↓ 0.07 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 110.0000
BDT 110.0000

*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