$

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

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Daily Business News Flash February 23, 2022

Bangladesh is an attractive destination for Chinese investors: Envoy

Chinese Ambassador to Bangladesh Li Jiming has said the rapidly developing economy of Bangladesh is an attractive investment destination for Chinese investors.  He said the qualified Chinese enterprises with good corporate governance also will find their interests in the Dhaka Stock Exchange (DSE) and bring returns to Bangladeshi investors. Launching of this new China-Bangladesh joint venture creates a capital management platform dedicated to providing merchant banking services to Chinese and other foreign investors in Bangladesh.

Source: https://www.tbsnews.net/bangladesh/bangladesh-attractive-destination-chinese-investors-envoy-374614

Kuwait-BD joint venture to invest $10.39m in Mirsharai EZ

The Bangladesh Export Processing Zones Authority (Bepza) signed a land lease deal with the company at its complex in the capital. The agreement with KB Petrochemicals comes on the heels of deals with four other companies that ensured an investment of $50 million and employment opportunities for 23,453 Bangladeshi nationals.KB Petrochemicals hopes to create employment for 129 people and produce 20,000 tonnes of finished lubricants annually. Prime Minister Sheikh Hasina unveiled the foundation stone of Bepza Economic Zone established on 1,138.55 acres of land at Bangabandhu Sheikh Mujib Shilpa Nagar in Mirsharai, Chattogram on 24 January 2018. So far, 643 applications for plot allotment have already been submitted for investment. Bepza has allotted 154 plots provisionally against 19 companies, of which 31 plots have been allotted to six industries.

Source: https://www.tbsnews.net/economy/kuwait-bd-joint-venture-invest-1039-million-bepza-ez-374320

Govt borrows $300 million from AIIB to refinance CMSMEs

The government is borrowing $300 million from the Asian Infrastructure Investment Bank (AIIB) to provide working capital loans to the companies of cottage, micro, small and medium enterprise (CMSMEs) sector. Meanwhile, the Ministry of Finance and AIIB have signed an agreement to implement the loan project through a third party on-lending basis. The government has taken up a project titled “Covid-19 Emergency and Crisis Response Facility” to implement the loan project within FY2023-24.Bangladesh Bank has already started its activities for the current financial year. Entrepreneurs in the CMSME sector will get this working capital for a period of one year with 4% interest and 1% service charge.

Source: https://www.tbsnews.net/economy/govt-borrows-300-million-aiib-refinance-cmsmes-374446

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,596.61
↓482.57↓1.42%
FTSE100$ 7,494.21↑9.88↑0.13 %
Nikkei 225$ 26,449.61↓461.26↓1.71%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 92.20↑0.29↑0.32 %
Crude Oil (Brent)$ 97.14↑0.30↑0.31%
Gold Spot$ 1,899.85↑1.21↑0.06%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 86.00
GBP 1BDT 116.9772
EUR 1BDT 97.2832

*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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