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

Click to Close

Rate last updated: 02/01/2014 11:15:04 AM

Daily Business News Flash March 23, 2022

Pharma, food see sharpest profit growth

The pharmaceuticals sector in Bangladesh displayed the fastest growth in profit between 2015 and 2020 as more people, armed with rising purchasing power, afford more healthcare products. The Dhaka Stock Exchange (DSE) has divided 384 listed companies into 22 sectors and its data showed that the pharmaceutical sector witnessed the highest profit growth during the period.The five-year average profit growth of drug makers stood at 23 per cent. The food and allied sector came in second as it posted profit growth of 17 per cent, according to the data compiled by UCB Asset Management. The average profit growth of the telecommunication sector was 12 per cent, while it stood at 6.31 per cent for the ceramic sector and 5 per cent for the banking sector.Among the pharmaceutical companies in Bangladesh, 32 are listed with the DSE, including market leaders Square Pharmaceuticals, Beximco, Renata, Acme, ACI and Ibn Sina.The number of private healthcare facilities rose to 16,979 in 2021 from 3,536 in 2000.The pharmaceutical sector, which meets 97 per cent of the local demand, witnessed a 12.1 per cent compound annual growth over the last five years. The market size was Tk 27,500 crore as of June 2021.

Source: https://www.thedailystar.net/business/economy/news/pharma-food-see-sharpest-profit-growth-2988446

Contactless debit cards get BB nod

Bangladesh Bank yesterday gave the green light to rollout contactless debit and prepaid cards with a view to push digital transactions in the country. Contactless cards facilitate payment just by waving them at the point of sale terminal without the need for any signature or PIN verification.The central bank introduced the technology for credit cards in July 2018 for the first time in the country.Payments amounting up to Tk 3,000 can be made using the contactless method, and it is up to the customer if they want to complete the payment through this mode or the regular method of signing or keying in the PIN number.Banks in Bangladesh issued 2.56 crore debit cards and 11.98 lakh prepaid cards as of January this year.

Source: https://www.thedailystar.net/business/organisation-news/news/contactless-debit-cards-get-bb-nod-2988421

EBL launches dual-currency debit cards with Mastercard

Eastern Bank Limited (EBL), in association with Mastercard, has launched two dual-currency debit cards- ‘World’ and ‘Titanium’. Cardholders can now endorse their passports under the travel quota and make international transactions with these debit cards anywhere, any time.

Source: https://today.thefinancialexpress.com.bd/trade-market/ebl-launches-dual-currency-debit-cards-with-mastercard-1647965432

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,807.46
↑ 254.47↑ 0.74 %
FTSE100$ 7,476.72↑34.33↑0.46%
Nikkei 225$ 27,956.24↑732.13↑2.69%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 111.76↓0.36↓0.32 %
Crude Oil (Brent)$ 117.25↑1.77↑1.53%
Gold Spot$ 1,922.05↑0.36↑0.02%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 86.00
GBP 1BDT 113.2878
EUR 1BDT 94.7548

*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