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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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Daily Business News Flash February 14, 2024

Exports to South Korea tripled in 5 years on duty benefits

Exports from Bangladesh to South Korea nearly tripled over the past five years thanks to duty-free benefits and a push by exporters to explore the world’s 13th largest economy and thereby diversify their export destinations. Annual exports to Korea had hovered between $200 million and $300 million in the five years up till fiscal year (FY) 2016-17. Exports started rising the following year, crossing the half-a-billion-dollar mark to reach a decade-high in FY22. Then, in FY23, exports to the East Asian nation soared 18 percent year-on-year to $624 million. The uptick in shipments continued in the first half of the current fiscal year, growing 7 percent year-on-year to more than $330 million, according to the Export Promotion Bureau (EPB). Besides, the government’s policy support in the form of a 4 percent cash incentive on exports to new markets encouraged manufacturers until December 31 last year. However, the rate was reduced to 3 percent from January 1 this year.

Source: https://www.thedailystar.net/business/economy/news/exports-south-korea-tripled-5-years-duty-benefits-3543071

 Tk24,865cr investment proposals received in Oct-Dec

The country received investment proposals worth Tk24,865.16 crore from some 281 industrial units during October-December, 2023. These 281 industrial units were registered with the Bangladesh Investment Development Authority (Bida) during this period. According to a press release of the Bida, Tk20,924.09 crore came as local investment proposals while Tk3,941.07 crore were foreign investment proposals. Out of the 281 industrial units, some 243 industrial units are local, some 19 units are foreign while 19 industrial units are in joint ventures.

Source: https://www.tbsnews.net/economy/tk24865cr-investment-proposals-received-oct-dec-bida-792114

 Bangladesh gets world-first LEED ‘Platinum Spinning Factory’

Another factory in Bangladesh has been awarded the LEED certification from the United States Green Building Council (USGBC). With this, the number of green factories in the country rose to 207. Shah Fatehullah Textile Mills Ltd (SHAFTEX) factory located in Narayanganj secured a platinum rating, with a score of 87, according to the Bangladesh Garment Manufacturers and Exporters Association (BGMEA). Before awarding the LEED certification, the USGBC considers several criteria, such as transformation performance, energy, water, and waste management. With the capacity of 60,000 spindles the spinning mill daily production will be 40,000 KGS yarn including 100% Cotton Combed Compact, 100% Cotton Card Compact, CVC, PC, 100% Viscose, 100% Spun Polyester.

Source: https://www.tbsnews.net/economy/rmg/bangladesh-gets-another-leed-certified-green-factory-791994

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 38,272.75
↓ 524.63↓ 1.35 %
FTSE100$ 7,512.28↓ 61.41↓ 0.81 %
Nikkei 225$ 37,650.82↓ 313.15↓ 0.82 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 77.88↑ 0.01↑ 0.01 %
Crude Oil (Brent)$ 82.70 ↓ 0.07↓ 0.08 %
Gold Spot$ 1,992.44↓ 0.71↓ 0.04 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
CurrencyLowestHighest
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.<

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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