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 January 06, 2022

Big potential in Bay as 17-103 TCF gas hydrates found

The country has found the presence of around 17 to 103 trillion cubic feet (TCF) of ice-like hydrate deposits containing huge amounts of methane, the foreign ministry revealed on Wednesday. While Bangladesh at COP26 committed to gradually cut down its fossil fuel usage and go for green energy, the country still needs fossil fuel like natural gas in the next two decades in order to ensure a smooth transition and energy security. Now, the discovery of gas hydrates has come as a blessing. In 2018-21, the Maritime Affairs Unit of the foreign ministry in association with the UK analysed two surveys conducted on 6,500 line-kilometres of the sea during 2007-10, and presumed a plenty of marine resources in the exclusive economic zone. A total of 27 gas fields, stocked with around 28 TCF, were discovered in the country. Of these, about 18.24 TCF of gas had been extracted till 2020. Currently, 20 gas fields are operational in Bangladesh with the supply of only 2,300 TCF of gas per day against a national demand of 3,500 million cubic feet (mmcf) per day. Seaweed production can be done very easily in an environmentally-friendly manner. Seaweed cultivation can play a role in protecting the ecological balance as well as protecting the coastal areas.

Source: https://www.tbsnews.net/bangladesh/gas-hydrate-found-bay-bengal-353539

 DSEX surpasses 6900-mark on buying spree

Stocks extended rally for the fifth straight session on Wednesday, with the key index of the prime bourse crossing 6,900-mark, as buoyant investors put fresh bets on major sector issues, beating Omicron worries. DSEX, the prime index of Dhaka Stock Exchange (DSE), went up by 36.93 points or 0.53 per cent to settle at 6,929. The benchmark index added around 200 points in the past five straight sessions. Turnover, a crucial indicator of the market, also crossed Tk 14 billion-mark after one and a half months and amounted to Tk 14.14 billion, climbing by 19.6 per cent over the previous day’s tally of Tk 11.82 billion. The state-run corporation has reported a 73.67 per cent increase in its net profit during the fiscal year (FY) 2020-2021 to Tk 719.9 million thanks to a surge in shipping fares, and a decrease in ship operating costs. Prime Insurance, whose share price rose more than 45 per cent or Tk 27 each in the last one month, was the worst loser, losing 5.75 per cent. The Chittagong Stock Exchange (CSE) ended higher with its All Shares Price Index (CASPI)-gaining 172 points to close at 20,326 while the Selective Categories Index – CSCX– rose 102 points to close at 12,207.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/dsex-surpasses-6900-mark-on-buying-spree-1641398046

Exim Bank promotes two to deputy MD

Exim Bank has recently witnessed the promotion of two of its additional deputy managing directors to the posts of deputy managing directors. Of the duo, Maksuda Khanam joined the bank in 1999 as a principal officer, says a press release. She started her banking career with National Bank in 1995 as a probationary officer on obtaining her bachelor’s and master’s degrees in economics from Jahangirnagar University. Meanwhile Md Zoshim Uddin Bhuiyan joined the bank as a principal officer in 2000. He started his banking career with City Bank in 1989 as a probationary officer on obtaining his bachelor’s and master’s degrees in accounting from the University of Chittagong.

Source: https://www.thedailystar.net/business/economy/banks/news/exim-bank-promotes-two-deputy-md-2933461

Ex-Pubali Bank DMD Shahadat Hossain no more

Shahadat Hossain Chow-dhury, former deputy managing director of Pubali Bank Limited, passed away at a Dhaka hospital on January 01 while undergoing treatment. He was the deputy managing director from October 2004 to December 2005. He served Pubali Bank Limited for 36 years.

Source: https://today.thefinancialexpress.com.bd/trade-market/ex-pubali-bank-dmd-shahadat-hossain-no-more-1641399429

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 36,407.11
↓ 392.54↓ 1.07 %
FTSE100$ 7,516.87↑ 11.72↑ 0.16 %
Nikkei 225$ 28,560.82 ↓ 771.34↓ 2.63 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 76.77 ↓ 1.08↓ 1.39 %
Crude Oil (Brent)$ 79.65 ↓ 1.15↓ 1.42 %
Gold Spot$ 1,806.01↓ 4.43↓ 0.24 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 85.8000
GBP 1BDT 116.1389
EUR 1BDT 96.8596





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