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 March 06, 2022

Recycling plastic bottles to make garments

Bangladesh is set to become a major source of recycled yarn and fabrics made from plastic bottles as the country looks to capture more market share of global high value-added garment items such as activewear, outerwear, padding and quilting. Seven local mills have already set up plants investing Tk 1,670.73 crore collectively in order to make flakes from waste plastic bottles in order to make recycled yarn and fabrics, according to the Bangladesh Textile Mills Association (BTMA). Currently, Debonair Group imports $20 million worth of fibre and yarn made from plastic bottles mainly from China to make quilts, jackets, padding and outerwear for its international buyers in Europe and in the US. The BTMA urged the National Board of Revenue to waive the duty on the imported recycled plastic fibre and yarn so that local producers can grab more share of the global recycled garment market.

Source: https://www.thedailystar.net/business/economy/news/recycling-plastic-bottles-make-garments-2976591

Women entrepreneurs shine in making jute products

A growing number of women are trying their luck in the business of jute and jute products and many have turned into successful entrepreneurs – by investing a small amount instead of pursuing traditional jobs. Bangladesh exports 282 types of products made with jute – which has a long history and is fondly dubbed “golden fibre” for its high value – to around 135 countries, according to the Export Promotion Bureau (EPB). In the last 12 years, the annual exports of jute and jute products have exceeded the $1 billion threshold four times. In fiscal 2020-2021, exports of these products saw a 31% year-on-year growth. Exports of jute bags and sacks increased by 30%, other products by 5% and hand-picked jute fibre and staple fibre by 10%.

Source: https://www.tbsnews.net/economy/industry/women-entrepreneurs-shine-making-jute-products-380515

Sri Lankan company snaps up Agora

Sri Lankan conglomerate Softlogic’s retail holdings wing entered into an agreement on Friday to fully acquire Agora, Bangladesh’s first ever and the second largest supermarket chain, according to a public disclosure by the Lankan conglomerate.  The acquisition of 100% stake in the company via a series of transactions would be subject to terms and conditions set out therein and receipt of regulatory approvals, Softlogic Holding PLC said in its regulatory filing in Colombo Stock Exchange.

Source: https://www.tbsnews.net/economy/sri-lankan-company-snaps-agora-380452

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,614.80
↓ 179.86↓ 0.53 %
FTSE100$ 6,987.14↓ 251.71↓ 3.48 %
Nikkei 225$ 25,985.47↓ 591.80↓ 2.23 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 115.68↑ 8.01↑ 7.44 %
Crude Oil (Brent)$ 118.11↑ 7.65↑ 6.93 %
Gold Spot$ 1,970.70↑ 34.75↑ 1.79 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 86.00
GBP 1BDT 115.3260
EUR 1BDT 95.6578

*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