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 May 05, 2021

Japanese firms want to expand despite pandemic

The pandemic is showing no signs of abating but still 41.8 per cent of Japanese companies in Bangladesh during 2020 wanted to expand business in the next two years, according to a survey by Japan External Trade Organization (Jetro). However, 70.3 per cent had sought to do so in 2019.In 2020, another 49.3 per cent believed that their operations will remain the same while 6 per cent pondered over going for retrenching.Over 300 companies are doing business in Bangladesh and the number has been rising in recent years due to continuous economic growth in the last decade. According to the Jetro report, 9 per cent of the companies in Bangladesh have already recovered from the pandemic’s effects, 31.3 per cent expect to return to normalcy in the first half of 2021 and 34.3 per cent in the second half.The report found that 48.9 per cent expected to generate an operating profit in 2020, down 16.7 percentage points from 65.6 per cent in 2019. In contrast, 32.4 per cent expect to incur an operating loss, up 14.7 percentage points from 17.7 per cent in 2019. With respect to operating profit forecast, Bangladesh stands in the lowest position while South Korea the highest with 71.8 per cent, exceeding 60 per cent in Taiwan, Australia, and China. For 2020, 16 per cent expect an increase in operating profit over 2019, down 17.1 percentage points from 33.1 per cent in 2019. The proportion of companies expecting a decrease in operating profit was 65.6 per cent, up 26.8 percentage points from 29.8 per cent in 2019.

Source: https://www.thedailystar.net/business/news/japanese-firms-want-expand-despite-pandemic-survey-2088429

5 economic zones to get modern telecom network

The government will set up a modern and high-frequency telecommunication network at five economic zones and tourism parks in Sylhet, Jamalpur and Cox’s Bazar, with an aim to accelerate the country’s economic development. During a virtual meeting yesterday, the Executive Committee of the National Economic Council (Ecnec) approved a project of the posts and telecommunications division named “Setting up Telecommunication Network at Economic Zones (Phase-1)”, involving Tk 95.12 crore.The Ecnec approved a total of 10 projects involving an estimated cost of Tk 11,901.33 crore. Of the sum, Tk 8,991.44 crore will come from the state coffer, Tk 809.98 crore from related government agencies, and Tk 2,099.91 crore as project assistance. The Bangladesh Telecommunications Company Ltd (BTCL) will implement the telecommunication network project at the Srihatta Economic Zone in Moulvibazar, the Jamalpur Economic Zone, two tourism parks at Sabrang and Naf in Teknaf, and the Sonadia Tourism Park in Moheshkhali. The project tenure runs from January 2021 to June 2023.The estimated project cost was earlier fixed at Tk 1,366.34 crore. As per the approved proposal, the cost has gone up by 14.3 per cent to Tk 1,561.18 crore. Initially, the project tenure was from January 2016 to December 2019, and it was earlier extended to December 2020. The new deadline is June 2022.

Source: https://www.thedailystar.net/business/news/5-economic-zones-get-modern-telecom-network-2088413

Bank Asia vice-chairmen reelected

Bank Asia recently saw the reelection of two vice-chairmen, RomoRouf Chowdhury and Mohammad Safwan Choudhury, at the 453rd meeting of its Board of Directors. RomoRouf Chowdhury is one of the sponsor shareholders and sponsor directors of Bank Asia. He is the chairman of Rancon Infrastructures and Engineering, vice-chairman of Ranks FC Properties, Rancon Motorbikes and Ranks Petroleum and managing director of Rancon Motors, Rangs, Rangs Properties, Rancon Automobiles, Ranks Telecom, Rancon Electronics and 13 other renowned companies.

Source: https://www.thedailystar.net/business/news/bank-asia-vice-chairmen-reelected-2088381

 NRB Commercial Bank gets new CEO

NRB Commercial Bank recently witnessed the appointment of a CEO and managing director. The appointee, Golam Awlia, started his banking career in 1983 as a probationary officer at United Commercial Bank.

Source: https://www.thedailystar.net/business/news/nrb-commercial-bank-gets-new-ceo-2088373

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,133.03
FTSE100$ 6,923.17↓46.64↓0.67%
Nikkei 225$ 28,812.63↓241.34↓0.83%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 66.23↑0.54↑0.82%
Crude Oil (Brent)$ 69.42↑0.54↑0.78%
Gold Spot$ 1,782.91↑3.85↑0.22%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8025
GBP 1BDT 117.9857
EUR 1BDT 102.3142





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