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 November 03, 2021

Exports firing on all cylinders

Exporters in Bangladesh have kept setting new records as merchandise shipment fetched $4.72 billion in October, the highest single-month receipts. The earnings were 60.37 per cent higher year-on-year, data from state-owned Export Promotion Bureau (EPB) showed yesterday. October’s receipts shattered the previous single-month highest export earnings posted in September when overseas sales brought home $4.17 billion. A good portion of the earnings in October was down to the settlement of the deferred payments the local suppliers had faced last year after international buyers suspended or put on hold orders worth $3.18 billion owing to the severe fallout of Covid-19. In July to October, the first four months of the current fiscal year, the earnings from garment shipment were $12.62 billion, up 20.78 per cent year-on-year. Of the sum, $7.21 billion came from the knitwear shipment, which grew 24.27 per cent. Woven garment shipment rose 16.41 per cent to $5.41 billion, EPB data showed. Frozen and live fish exports grew by 17.46 per cent to $225.23 million, agricultural products rose 29.34 per cent to $464.11 million, and leather and leather goods shipments were up 28.85 per cent to $364.9 million.

Source: https://www.thedailystar.net/business/export/news/exports-firing-all-cylinders-2220926

 Textile sector grabs 26pc of total turnover

Stocks plummeted for the third consecutive session on Tuesday as cautious investors went on late hours selling spree amid lack of market triggers. The market started on a positive trend, but failed to sustain that level amid heavy sell-offs by shaky investors in cement, food and banking sector stocks. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 43.68 points or 0.62 per cent to settle at 6,954. DSEX shed more than 108 points in the past three consecutive days. Two other indices also fell with the DSE 30 Index, comprising blue chips, dropping 19.76 points to finish at 2,605 and the DSE Shariah Index (DSES) lost 6.28 points to close at 1,468. Turnover stood at Tk 12.95 billion, which was 1.56 per cent higher than the previous day’s three and a half months lowest transaction of Tk 12.75 billion. Most of the major sectors suffered losses with cement saw the highest correction of 2.50 per cent, followed by food with 1.90 per cent, banking 1.0 per cent, financial institutions 0.80 per cent, engineering 0.70 per cent and pharma 0.30 per cent. On the other hand, textile and telecom sectors soared by 0.80 per cent and 0.50 per cent respectively. Losers took a strong lead over the gainers as out of 376 issues traded, 201 ended lower, 147 higher and 28 remained unchanged on the DSE trading floor. Beximco was the most traded stock with shares worth Tk 1.24 billion changing hands, followed by IFIC Bank (Tk 713 million), Alif Manufacturing Company (Tk 537 million), Makson Spinning Mills (Tk 536 million) and Orion Pharma (Tk 458 million). The Chittagong Stock Exchange (CSE) also ended lower with the CSE All Share Price Index – CASPI -losing 134 points to settle at 20,404 and the Selective Categories Index – CSCX– losing 83 points to close at 12,256.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/textile-sector-grabs-26pc-of-total-turnover-1635873322

City Bank arranges Tk 742cr for power plant

City Bank has arranged a Tk 742 crore syndicated loan with Bank Asia and Eastern Bank for a heavy fuel oil-based power plant being run by Manikganj Power Generations Ltd. The financing will help the power plant operate smoothly, said a City Bank official. The plant, located at Shingair of Manikganj, has a production capacity of 162 megawatts (MW) and is owned by Doreen Group. City Bank provided Tk 217 crore and credit guarantee of Tk 525 crore, of which Tk 355 crore is from Bank Asia and Tk 170 crore from Eastern Bank. City Bank held a financial closure ceremony in Renaissance Dhaka Gulshan Hotel on October 14 marking completion of the process for the syndicated financing, which was given out in August.

Source: https://www.thedailystar.net/business/economy/banks/news/city-bank-arranges-tk-742cr-power-plant-2220916

New director of Standard Bank

Mr. A K M Abdul Alim has been elected as Director of Standard Bank Limited in its 349th board meeting held recently. Mr. Alim is the son of Mr. Mohammed Abdul Aziz, Founder Sponsor Director of Standard Bank and member, board of trustees of Fareast International University. Mr. Alim obtained his BBA from North South University, Dhaka. Then he completed his MBA from University of Bedfordshire, UK.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/new-director-of-standard-bank-1635873657

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 36,052.63
↑ 138.79 ↑ 0.39 %
FTSE100$ 7,274.81↓ 13.81↓ 0.19 %
Nikkei 225$ 29,520.90↓ 126.18 ↓ 0.43 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 82.62↓ 1.29↓ 1.54 %
Crude Oil (Brent)$ 83.70↓ 1.02↓ 1.20 %
Gold Spot$ 1,782.95↓ 4.81↓ 0.27 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 85.7000
GBP 1BDT 117.2033
EUR 1BDT 99.4977





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