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 January 11, 2021

LPG prices rise as global markets heat up in winter

The retail price of liquefied petroleum gas (LPG) went up 10 per cent in the domestic market in January after demand rose in Western countries because of winter, pushing up the rate in the international markets. The price of the fuel in the global markets reached $550 per tonne in December, an increase of 17 per cent from $470 in November. The hike caused the price to go up in Bangladesh from January 1. Now, a 12kg LPG cylinder is being sold in the retail market at Tk 980 to Tk 1,050, depending on companies, up Tk 100 from ten days ago.In December, a 12kg cylinder of Bashundhara LPG was sold at Tk 950, Beximco LPG at Tk 920, Jamuna LPG at Tk 940, Total LPG at Tk 950, and Petromax LPG Tk 930. The increase came at a time when the Bangladesh Energy Regulatory Commission (BERC) is scheduled to hold a public hearing on the price of private LPG on January 14.LP Gas meets only 2 per cent of the 12 lakh tonne LPG consumption in Bangladesh every year. The demand is increasing by 15 per cent annually and is expected to touch 30 lakh tonnes in 2030, according to industry insiders. At the beginning of the pandemic, the price of LPG fell significantly in the international market. In April last year, it dipped to $250 per tonne. Subsequently, importers had slashed the price. The price went down to Tk 750 per 12kg cylinder in April to May. But the price rose by Tk 300 per 12kg cylinder from May to January, in keeping with the rising rates in international markets.Sugata Chakma, a user in Khagrachhari, said he bought a 12kg cylinder at Tk 750 in May. Last week, it was retailed at Tk 930. The price was Tk 1,200 a year ago.

Source: https://www.thedailystar.net/business/news/lpg-prices-rise-global-markets-heat-winter-2025733

LafargeHolcim enters aggregate business

Stocks of LafargeHolcim Bangladesh, a multinational cement maker listed with the Dhaka Stock Exchange (DSE), rose 9.80 per cent yesterday on news that it made a foray into the aggregate business.The company has set up the crushing unit with ancillary equipment on the premises of its existing integrated clinker and cement manufacturing plant in Chhatak, Sunamganj. It has the capacity to produce 12 lakh tonnes of clear-sized graded aggregate per annum. It invested Tk 40.1 crore, which came from the company’s own fund. The annual demand for clear-sized aggregate is around 1.5 crore tonnes and Bangladesh relies on imports from the countries such as India, Bhutan, Vietnam, Oman and the UAE for supply.On January 7, LafargeHolcim, the world’s biggest cement maker, announced a $3.4 billion deal to buy Firestone Building Products from Japan’s Bridgestone Corporation in its biggest acquisition in more than a decade. Firestone Building Products, based in the United States, is a leader in commercial roofing and building envelope solutions, with net sales of $1.8 billion.

Source: https://www.thedailystar.net/business/news/lafargeholcim-enters-aggregate-business-2025721

Private firms get nod to import another 3.45 lakh tonnes of rice

The government has given its nod to private firms to import another 3.45 lakh tonnes of rice to boost the supply of the staple in the domestic market and contain price spike. With the move, the food ministry gave permissions to the private sector to import a total of 6.75 lakh tonnes of rice. If the government’s purchase plan is taken into account, the total amount of rice in import pipeline will stand at 10.25 lakh tonnes. Earlier, the food ministry permitted 29 firms to buy 3.30 lakh tonnes of rice from international markets. The latest approval came less than a week after the National Board of Revenue slashed the import duty on rice to 25 per cent from 62.5 per cent in line with the recommendation of the food ministry.Last week, the government’s purchase committee gave consent to a proposal of the Directorate of Food to import 2.50 lakh tonnes of rice. Some 1.50 lakh tonnes of grains will be bought from India under a state-to-state contract.The importers permitted to import 1,000 tonnes to 5,000 tonnes of rice must supply half the allotted amount in 10 days after opening the LCs, and the rest within 20 days. The firms that received permission to bring in 5,000-10,000 tonnes and more rice will require to import half the approved amount within 15 days after opening of the LCs.

Source: https://www.thedailystar.net/business/news/private-firms-get-nod-import-another-345-lakh-tonnes-rice-2025697

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 31,097.97
FTSE100$ 6,873.26↑16.30↑0.24%
Nikkei 225$ 28,139.03↑648.90↑2.36%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 51.76↓0.48↓0.92%
Crude Oil (Brent)$ 55.26↓0.73↓1.30%
Gold Spot$ 1,831.71↓17.30↓0.94%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8100
GBP 1BDT 115.0617
EUR 1BDT 103.6378
INR 1BDT 1.1524





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