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 10, 2021

Kiam Metal plans to set up Tk 850cr glassware factory

Kiam Metal Industries, a sister concern of BRB Group, plans to make a foray into the country’s burgeoning glassware market by setting up a Tk 850 crore manufacturing unit. The company has already submitted a proposal to Beza, seeking 30 acres of land at the Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram. According to Rahman, the company will fund 30 per cent of the project through equity while the remaining 70 per cent will be financed by local banks. The project will create around 2,500 opportunities for direct employment. The domestic demand for glassware is around 1.3 crore pieces per month, or roughly Tk 140 crore, industry insiders say. Local manufacturers Nasir Glassware and GMS cater to 65 per cent of the country’s demand while the rest is imported from countries such as China, France and Indonesia. Kiam Metal Industries began its journey back in 1990 with a kitchenware manufacturing facility in Kushtia.

Source: https://www.thedailystar.net/business/news/kiam-metal-plans-set-tk-850cr-glassware-factory-2057833

Bengal Commercial Bank begins journey today

Bengal Commercial Bank (BGCB) Limited is set to start its journey today (Wednesday) with a vision ‘Inspiring Growth’ to help fulfill the economic needs of the nation. The new generation private commercial bank (PCB) is also projected to provide around Tk 25 billion as micro credit investment to nearly 25000 clients across the country in the next three years. The BGCB wants to include the people, who still remain outside of the banking system through boosting such credit facilities. The private sector credit growth came down to 8.32 per cent in January 2021 on a year-on-year basis from 8.37 per cent a month before, according to the Bangladesh Bank (BB)’s latest statistics. This growth was 6.48 percentage points lower than the BB’s target of 14.80 per cent for the second half (H2) of the current fiscal year. Currently, 59 scheduled banks along with 35 non-banking financial institutions (NBFIs) are running their businesses across the country. Prior to joining the BGCB, Mr. Morshed served as MD and CEO of BD Finance Limited, a NBFI, from April 2018 to March 2020. Besides, he worked for Social Islami Bank Limited (SIBL) as additional managing director (AMD) until March 2018. He joined the Shariah-based bank in 1995 after serving more than eight years in the BRAC.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/bengal-commercial-bank-begins-journey-today-1615306886

Agrani Bank secured the 1st position among the state-owned commercial banks

Agrani Bank Limited secured the 1st position among the state-owned commercial banks in the implementation of Annual Performance Agreement (APA) 2019-20. The photo shows MD and CEO of the bank Mohammad Shams-Ul Islam receiving a crest, on behalf of the bank, at an APA-related monthly meeting of the Financial Institutions Division at the finance ministry on Tuesday.

Source: https://today.thefinancialexpress.com.bd/trade-market/agrani-bank-secured-the-1st-position-among-the-state-owned-commercial-banks-1615309008

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 31,832.74
↑ 30.30↑ 0.10 %
FTSE100$ 6,730.34↑ 11.21↑ 0.17 %
Nikkei 225$ 29,018.86↓ 9.08↓ 0.03 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 63.61↑ 0.40↑ 0.62 %
Crude Oil (Brent)$ 67.00 ↑ 0.52↑ 0.77 %
Gold Spot$ 1,713.89↑ 2.21↑ 0.13 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8000
GBP 1BDT 117.2275
EUR 1BDT 100.4286





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