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 16, 2022

Soybean import to rise 7.7pc

Bangladesh’s soybean import is projected to rise by 7.7 per cent year-on-year to 28 lakh tonnes in 2022-23 marketing year beginning from October, according to the United States Department of Agriculture (USDA). Moreover, the import of soybean meal and oil will see a slight fall thanks to a rise in supply and crushing of soybean seeds in Bangladesh. A total of 775,000 tonnes of soybean oil will be imported in 2022-23, which was 750,000 tonnes in the outgoing year. And soybean meal imports are also projected to rise slightly to 400,000 tonnes by this time.Riding on the increased soybean import, this year 2.9 lakh tonnes of oilseeds will be crushed, which is more than double than that of the previous year. The domestic consumption of soybean oil will also rise by 2.71 per cent year-on-year to 13.25 lakh tonnes, according to the report.However, global soybean production in 2022-23 is forecast at a record 39.47 crore tonnes, up 13 per cent from 2021-22, thanks to the record production of the oilseed in Brazil and the United States.

Source: https://www.thedailystar.net/business/economy/news/soybean-import-rise-77pc-3024461

 Listed power companies see EPS growth in 9 months

Leading listed power generation companies in the private sector saw their profit rise in nine months for the current fiscal year riding on significant revenue income from their subsidiaries. Out of the 23 companies listed in the ‘fuel & power’ sector with the Dhaka Stock Exchange, nine are engaged in power generation owned by private sector people. Of them, five logged higher profits, three registered lower profits and one fell for July 2021 to March 2022, compared to the same period a year earlier, according to statistics available with the DSE.The consolidated EPS of Summit Power, GBB Power, Energypac Power and Khulna Power Company fell during July 2021 to March 2022. Of the power companies, consolidated EPS of Doreen Power rose by 53.15 per cent to Tk 8.24 for July 2021 to March 2022, from Tk 5.38 in the same period a year earlier.Chandpur Power is a 115 MW heavy fuel oil (HFO) based power plant at Chandpur, which started commercial operation from February 11 of this year. Doreen Power has a 99.9 per cent stake in the Chandpur Power Plant. Shahjibazar Power’s consolidated EPS also increased by 25.82 per cent to Tk 5.70 for the July 2021 to March 2022, compared to the same period last year. United Power’s consolidated EPS also jumped 16.92 per cent to Tk 17.34 for the July 2021 to March 2022, compared to the same period of the previous year.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/listed-power-cos-see-eps-growth-in-9-months-1652628208

StanChart emerges as ‘Market Leader for Trade Finance’

Standard Chartered Bangladesh has been recognised as the ‘Market Leader for Trade Finance’ in Bangladesh, according to the 2022 Euromoney Trade Finance Survey and the 2022 Asiamoney Trade Finance Survey. Conducted by Euro-money and Asiamoney, the surveys aggregate and analyse independent client responses.

Source: https://today.thefinancialexpress.com.bd/trade-market/stanchart-emerges-as-market-leader-for-trade-finance-1652633347

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 32,196.66
↑466.36↑1.47 %
FTSE100$ 7,418.15↑184.81↑ 2.56 %
Nikkei 225$ 26,531.24↑103.59↑0.39 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 109.05↓1.44↓1.30%
Crude Oil (Brent)$ 109.97↓1.58↓1.42%
Gold Spot$ 1,810.07↓1.72↓0.09 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 86.4500
GBP 1BDT 106.2335
EUR 1BDT 91.1651

*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