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 24, 2021

300 startups to get up to Tk 10cr each

The government will provide up to Tk 10 crore to promising start-ups in Bangladesh, said State Minister for ICT Zunaid Ahmed Palak Yesterday. The government will give the fund to 300 startups, including 200 this year, in the form of equity investment. Under a European Union-funded initiative, the UNCDF has reached out 20 lakh retail micro-merchants in Bangladesh. State-sponsored venture capital company Startup Bangladesh Ltd and local startup Sheba.xyz are going to sign a partnership agreement to provide microloans to small and medium entrepreneurs without collateral. The government is expanding initiatives such as the MDDRM with the help of development partners and investors to ensure that Bangladesh does not lag in the age of digital economy.

Source: https://www.thedailystar.net/business/news/300-startups-get-tk-10cr-each-2065829

Private investors to own 49pc stake in Nagad, govt 51pc

Private investors will hold a 49 per cent stake in Nagad Ltd and the postal department the rest as the government looks to run the mobile financial service as a subsidiary, its top executive said yesterday. The postal department owns 100 per cent of the shares of Nagad at the moment. Under a planned new ownership structure, private companies will collectively own 49 per cent shares of Nagad, and the rest will be controlled by the postal department. Third Wave Technologies has been giving technological and logistics supports to the postal division since March 2019, when it rolled out the service commercially. The private company now enjoys 49 per cent of the total revenues in exchange for providing technological supports. But it does not own any share at the moment. The carrier is the second-largest MFS provider in Bangladesh after bKash. It has 3.75 crore customers, and Tk 400 crore is transacted through the platform every day on average.

Source: https://www.thedailystar.net/business/news/private-investors-own-49pc-stake-nagad-govt-51pc-2065825

Local garments co to invest $5m in Dhaka EPZ

Shasha Garments Limited, a Bangladeshi company, is going to establish a garments manufacturing industry in the Dhaka Export Processing Zone (EPZ) with an investment of US$ 5 million. This will be their fourth industry in EPZs, reports BSS. In presence of the Executive Chairman of BEPZA Major General Md Nazrul Islam, an agreement to this effect was signed between BEPZA and Shasha Garments Limited at the BEPZA Complex in the city. Md Mahmudul Hossain Khan, Member (Investment Promotion) of BEPZA and Parveen Mahmud, Managing Director of Shasha Garments, signed the agreement on behalf of their respective organizations. The company will produce annually 6.75 million pieces of Men’s Pant, Women’s Pant, Boy’s Pant, and Jacket annually. Shasha Garments will create employment for 2000 Bangladeshi nationals.

Source: https://today.thefinancialexpress.com.bd/trade-market/local-garments-co-to-invest-5m-in-dhaka-epz1616514228

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 32,423.15
↓ 308.05↓ 0.94 %
FTSE100$ 6,699.19↓ 26.91 ↓ 0.40 %
Nikkei 225$ 28,591.46↓ 404.46 ↓ 1.39 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 57.80 ↑ 0.04↑ 0.07 %
Crude Oil (Brent)$ 60.85 ↑ 0.06↑ 0.10 %
Gold Spot$ 1,731.86 ↑ 4.79↑ 0.28 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8020
GBP 1BDT 117.5780
EUR 1BDT 101.2112





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