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 31, 2022

SMEF facilitates loans to 3,106 entrepreneurs.

Some 3,106 entrepreneurs have so far received Tk 3.0 billion from the stimulus package from different banks and the financial insinuations through the intervention of the SME Foundation (SMEF).Of the total, the SMEF has accomplished disbursement of Tk 2.0 billion within the first six months of the current fiscal year (FY) that is much ahead of the schedule, a statement issued by the SMEF said on Sunday.The funds were made available to the country’s cottage, micro, small, and medium enterprises (CMSMEs) at an affordable interest rate to help tackle the Covid-19 fallout.Since the SMEF is not a lending organization, it facilitated the process to disburse the money from 19 banks and non-bank financial institutions (NBFIs).

The statement also said the government declared a Tk 15 billion stimulus package in the second phase for the sake of helping the rural and marginal CMSMEs across the country, while the SMEF was entitled to facilitate disbursement of Tk 3.0 billion.Some 74 per cent beneficiaries were males and the rest were females. The entrepreneurs included 1,462 traders and 1,176 manufacturers.Around 50 per cent of the beneficiaries got Tk 0.5 million each.The SMEF also said it inked deals with 10 banks and NBFIs in the first phase and 19 such organisations in the second phase to disburse the loans at 4.0 per cent interest.They prioritized females, new and marginalized including third gender entrepreneurs, and also those who did not get support from other sources.


Booming tissue sales boost Bashundhara Paper’s revenue, profits

The booming sales of tissue and hygiene products in the coronavirus pandemic have boosted both the profit and revenue of Bashundhara Paper Mills. The market leader in the tissue industry has reported a 23% year-on-year growth in revenue in the first half of the current fiscal year, while its profit grew by 42%.The revenue of Bashundhara Paper Mills Limited, which is also a major player in the country’s paper industry, comes mainly from two segments – paper and tissue products. A significant portion of revenue also comes from the sales of various hygiene products such as diapers and sanitary napkins.

According to officials at the company, the stake in its total revenue from the tissue segment has been increasing because of the rise in health consciousness among the people amid the pandemic.As educational institutions were closed for a long time for Covid-19, its paper segment’s contributions declined.But after the reopening of the educational institutions in September last year, paper sales increased again.As per sales data, its revenue from paper, and tissue products was almost the same in the July-December of 2021, although in the normal time, paper’s revenue was much higher.In the first half of the 2021-22 fiscal year, its total revenue stood at Tk540.30 crore, which was Tk437.71 crore a year ago.Of the revenue, 38% or Tk205.85 crore came from the paper segment, and 37.67% or Tk203.56 crore from the sale of tissue products.In FY21, Bashundhara Paper Mills had received 43% revenue from the sales of paper products, 37% from tissues, and 19% from hygiene items.The sales of Bashundhara Paper Mills products have been increasing gradually in both local and international markets.

Source: https://www.tbsnews.net/economy/industry/booming-tissue-sales-boost-bashundhara-papers-revenue-profits-364354

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,725.47
FTSE100$ 7,466.07↓88.24↓1.17%
Nikkei 225$ 27,086.28↑368.94↑1.38%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 87.83 ↑1.01↑1.16%
Crude Oil (Brent)$ 91.10↑1.07↑1.19%
Gold Spot$ 1,787.00↓ 4.53↓ 0.26%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 86.00
GBP 1BDT 115.3002
EUR 1BDT 95.8642





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