$

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 25, 2023

Abdul Hai Sarker re-elected Dhaka Bank chairman

Abdul Hai Sarker has recently been re-elected as the chairman of the board of directors of Dhaka Bank Limited. His efforts and leadership have led to the establishment of the business conglomerate Purbani Group. MrSarker is the founder chairman of Dhaka Bank Limited, a former vice chairman of the Bangladesh Association of Banks (BAB) and a former director of the Federation of Bangladesh Chamber of Commerce and Industries (FBCCI). Currently, he serves as the chairman of the board of trustees of Independent University Bangladesh (IUB). The re-election of Sarker will add value to Dhaka Bank and contribute to its ongoing pursuit of excellence, according to the statement. He completed his postgraduate degree (M. Com) from the University of Dhaka in 1970.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/abdul-hai-sarker-re-elected-dhaka-bank-chairman-1687622168

EPZ planned in Patuakhali with hope for $1.5b investment

Bangladesh is gearing up to set up its ninth Export Processing Zone (EPZ) in Patuakhali with a target of fetching $1,530 million in foreign investments and boosting exports by another $1,836 million. The Bangladesh Export Processing Area Authority (Bepza) will implement the Tk1,475 crore project and has already sent the development project proposal to the Planning Commission for approval. After the approval process is done, Bepza wants to start the implementation work this year.The EPZ will create employment opportunities for 1 lakh Bangladeshis while another 2 lakh will find jobs there indirectly.

Source: https://www.tbsnews.net/economy/epz-planned-patuakhali-hope-15b-investment-655118

Banks to lend Tk260cr to tanners during Eid

Tanners will get about Tk259 crore loans from banks as capital aid to procure and preserve rawhides during the upcoming Eid-ul-Azha, the peak season for collecting skins and rawhides of sacrificial animals. According to commerce ministry sources, tannery owners have written to the ministry seeking a Tk500 crore loan facility.A total of 12 public and private banks will disburse the loans among applicants with state-owned ones lending the maximum amount.  Of the total amount, Sonali Bank will disburse Tk25 crore, Janata Bank Tk100 crore, Rupali Bank Tk35 crore, and Agrani Bank Tk80 crore. The rest will be disbursed by private banks.In the eleven months of the 2022-23 fiscal year, exports of leather products fetched $1,120 million, which is close to the target set by the government. In FY 2021-22, export earnings stood at $1,115 million.

Source: https://www.tbsnews.net/economy/banking/banks-lend-tk260cr-tanners-during-eid-654662

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$33,727.43
↓219.28↓0.65%
FTSE100$7,461.87↓40.16↓0.54%
Nikkei 225$32,781.54↓483.34↓1.45%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$69.16↓0.35↓ 0.50%
Crude Oil (Brent)$73.85↓0.29↓0.39%
Gold Spot$1,921.20↑7.19↑0.38 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
CurrencyLowestHighest
USD 1BDT 108.0600
BDT 108.5000

*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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