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 June 12, 2023

9 foreign cos willing to invest Tk6,250cr in farm mechanization

Nine foreign companies have expressed interest in investing around Tk6,250 crore in manufacturing farm machinery in Bangladesh, a move experts say will contribute to agricultural modernisation and economic growth. These companies have already submitted proposals to the Bangladesh Investment Development Authority (Bida) and applied to the Office of the Registrar of Joint Stock Companies and Firms (RJSC) for permission to start operations in the country. According to RJSC sources, four Chinese companies are willing to invest Tk700 crore, Tk1,200 crore, Tk1,000 crore, and Tk600 crore, respectively. Two Japanese companies intend to invest Tk800 crore and Tk350 crore, while two Korean companies Tk550 crore and Tk650 crore each. Additionally, a Taiwanese company is looking to invest Tk400 crore. The company will manufacture machinery and equipment such as farming vehicles, tractors, combine harvesters, tractor attachments, ploughs, harrows, fertilizer spreaders, seeders, balers, and wagon trailers.

Source: https://www.tbsnews.net/economy/9-foreign-cos-willing-invest-tk6250cr-farm-mechanisation-647706

Govt borrows Tk13,000cr from banks in May, highest in a month

The government borrowed Tk13,015 crore from banks in May alone, which is significantly higher compared to just Tk7,663 crore borrowed in the previous 10 months combined. In the same month, the government repaid Tk2,783 crore to the Bangladesh Bank, according to data from the central bank. At the end of May, its borrowing from the central bank stood at Tk71,610 crore, compared to Tk2,146 crore at the same time last fiscal year. According to data from the Bangladesh Bank, in the 11 months of the current fiscal year, the government has borrowed from the banking system – the central bank and scheduled banks – to the tune of Tk92,288 crore which is 82.68% of the target for the entire financial year. At this time in the last fiscal year, the government’s bank borrowing was only Tk32,515 crore. In the July-May period, the government borrowed Tk20,678 crore from banks compared to Tk30,368 crore in the last financial year.

 Source: https://www.tbsnews.net/node/648002

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,876.78
↑ 43.17↑ 0.13 %
FTSE100$ 7,562.36↓ 37.38↓ 0.49 %
Nikkei 225$ 32,357.27↑ 92.10↑ 0.29 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 69.39↓ 0.78↓ 1.11 %
Crude Oil (Brent)$ 73.97↓ 0.82↓ 1.10 %
Gold Spot$ 1,957.28↓ 3.91↓ 0.20 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 108.7000
BDT 108.7000

*World Commodities & Local and Global Stock Indices data are taken from bloomberg.com<

* Exchange Rates are taken from BB website, as on latest update.<




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