$

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 26, 2022

Padma Bridge to reduce industry, tech gaps in south

Padma Bridge will not only increase connectivity in Bangladesh, but also revolutionise the industrial landscape in southern parts of the country by creating new business avenue of opportunities, according to various entrepreneurs. The 6.15-kilometre steel truss bridge officially opened for public use yesterday and at present, an average of about 24,000 vehicles will use it daily but the number is projected to hit 67,000 by 2050. It is expected that Padma Bridge will add 1.5 per cent to the GDP and change the lives of more than 3 crore people in the country. Several other development projects were also undertaken centring Padma Bridge and so, the completion of all these initiatives will lead to extensive development in the country’s infrastructure. With the construction of this bridge, southwestern districts, which are lacking in technology and industry, will be able to catch up with other parts of the country, and regional trade will flourish.

Source: https://www.thedailystar.net/business/economy/news/padma-bridge-reduce-industry-tech-gaps-south-3056496

The 27th Annual General Meeting of Dhaka Bank Limited was held recently on digital platform

The 27th Annual General Meeting of Dhaka Bank Limited was held recently on digital platform. Abdul Hai Sarker, Chairman of the Board of Directors of the Bank, presided over the meeting. Among others, Vice Chairman Jashim Uddin, Former Chairman A T M Hayatuzzaman Khan, Directors and Managing Director & CEO Emranul Huq were also present. The AGM approved 12 per cent cash dividend.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/the-27th-annual-general-meeting-of-dhaka-bank-limited-was-held-recently-on-digital-platform-abdul-hai-sarker-chairman-1656170037

Govt cuts rice import duty to stabilise market

The government has decided to reduce the duty on rice imports to meet the local demand and stabilise the market as a shortage of wheat supply made many consumers dependent on rice. The Covid-19 pandemic, the Russia-Ukraine war, and India’s ban on wheat export have caused the drop in wheat imports, while floods have harmed rice cultivation in the country this year. In a statutory regulatory order (SRO) issued Thursday, the National Board of Revenue (NBR) reduced the tariff on rice import from 62.5% to 25%, which will be effective from 22 June to 31 October this year.

Source: https://www.tbsnews.net/markets/govt-cuts-rice-import-duty-stabilise-market-445978

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 31,500.68
↑ 823.32↑ 2.68 %
FTSE100$ 7,208.81↑ 188.36↑ 2.68 %
Nikkei 225$ 26,491.97↑ 320.72↑ 1.23 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 107.62↑ 3.35↑ 3.21 %
Crude Oil (Brent)$ 113.12↑ 3.07↑ 2.79 %
Gold Spot$ 1,826.88↑ 4.11↑ 0.23 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 92.9268
GBP 1BDT 114.1054
EUR 1BDT 97.8671

*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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