$

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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Daily Business News Flash June 21, 2023

Dhaka Bank’s 28th annual general meeting held

Dhaka Bank Limited’s 28th annual general meeting was held virtually from its head office on Sunday. Abdul Hai Sarker, chairman of the Board of Directors, presided over the meeting. Directors, vice chairman, independent directors, MD & CEO, and shareholders joined the meeting. They approved a 6 per cent cash and 6 per cent stock dividends for 2022.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/dhaka-banks-28th-annual-general-meeting-held-1687282195

Chinese company to invest $9.5 million in Mongla EPZ

China’s M/s Yuanshun Enterprise Company Limited has announced its plans to establish a packaging industry at the Mongla Export Processing Zone (Mongla EPZ). With an investment of $9.49 million, this venture is expected to generate employment opportunities for 490 Bangladeshi nationals. The newly established company, fully owned by foreign investors, will focus on producing various types of packaging boxes including paper boxes, jewellery boxes, jewellery bags, watch boxes, gift boxes, and cartoons. It aims to manufacture 10 million pieces annually to cater to the growing demand for quality packaging solutions.

Source: https://www.tbsnews.net/economy/chinese-company-invest-95-million-mongla-epz-653114

Agribusiness bears highest potential among emerging sectors

Agribusiness in Bangladesh, including food processing and associated machinery production, has the highest potential among eight emerging sectors, with domestic market sales estimated to reach $8 billion by 2025, according to Bangladesh Investment Development Authority (Bida). In 2021, the country’s domestic market size was $3.2 billion and it is expected to be $8 billion by 2025. The immense potential of agribusiness is in the manufacture of processed foods, vegetable or fruit products, milk, dairy products, edible oil etc. Agricultural export from Bangladesh has grown 18 per cent over the last five years. The apex investment promotion agency’s official shared the statistics with a trade delegation of the Netherlands which arrived on a three-day visit yesterday to promote bilateral cooperation in the dairy and horticulture sectors. Bangladesh has now been ranked among the top 10 countries in the world in the production of various crops. There’s a lot of potential here.

Source: https://www.thedailystar.net/business/economy/news/agribusiness-bears-highest-potential-among-emerging-sectors-3351531

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,053.87
↓ 245.25↓ 0.71 %
FTSE100$ 7,569.31↓ 19.17↓ 0.25 %
Nikkei 225$ 33,601.90↑ 212.99↑ 0.64 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 70.50↓ 1.28↓ 1.78 %
Crude Oil (Brent)$ 76.31↑ 0.41↑ 0.54 %
Gold Spot$ 1,936.35↓ 0.07↓ 0.00 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
CurrencyLowestHighest
USD 1BDT 108.4900
BDT 109.0000

*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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