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 12, 2023

Ghorashal Urea Fertiliser Plant opens

Prime Minister Sheikh Hasina is set to inaugurate Ghorashal Urea Fertiliser Plant in Narsingdi, the largest in Southeast Asia, on Sunday morning. According to industries ministry sources, the government took the initiative on October 24, 2018 to build an environmentally friendly and modern fertiliser plant with high efficiency and power sustainability. The construction work for the project began on March 10, 2020. The project is under the supervision of CC7 Seven, a Chinese company, and Mitsubishi Heavy Industries Limited, a Japanese contracting firm. Although the construction was initially expected to conclude in December 2023, it has been completed two months ahead of schedule. The total expenditure for this project, built on 110 acres of land, is estimated at Tk 155 billion (Tk 15,500 crore). With a daily production capacity of 2,800 tonnes of urea, the plant can produce approximately 1 million tonnes a year. Once operational, the fertiliser plant is expected to provide direct and indirect employment for about 30,000 people.

Source: https://today.thefinancialexpress.com.bd/trade-market/ghorashal-urea-fertiliser-plant-opens-today-1699723521

 100MW solar power plant gets nod

The government has approved a proposal to set up a 100-megawatt solar-based power plant in Mymensingh’s Gouripur upazila. A consortium of Chinese Xizi Clean Energy Equipment Manufacturing Co Ltd and local firms Cassiopea Fashion Ltd and Cassiopea Apparels Ltd will build the plant. The nod came at a meeting of the cabinet committee on purchase in the secretariat. Bangladesh Power Development Board will buy electricity at around $0.10 per kilowatt-hour for 20 years. In September, the purchase committee approved three solar projects to be set up in Dinajpur, Bandarban and Feni, with the combined capacity of 370MW. Currently, renewables account for two percent of Bangladesh’s installed power generation capacity. The country has a target to raise it to 30 percent by 2030.

Source: https://www.thedailystar.net/business/organisation-news/news/100mw-solar-power-plant-gets-nod-3465026

 Women entrepreneurs can get collateral-free loan up to Tk50 lakh

The Bangladesh Bank has unveiled a new loan guarantee scheme to bolster women entrepreneurs, under which a maximum of Tk50 lakh can be borrowed with the central bank’s backing. Women entrepreneurs will get the support both in working capital and term loans. This guarantee will not charge any fees and banks will provide the facility if a customer applies for it. Under the scheme, banks and financial institutions have to submit their annual targets for loan distribution to the central bank. The Bangladesh Bank will provide loan guarantees to banks accordingly. The central bank yesterday launched two new guarantee scheme facilities. One is a guarantee for loans under a Tk3,000-crore scheme for women entrepreneurs, and the other is a guarantee under a Tk1,400-crore scheme for agricultural entrepreneurs.

Source: https://www.tbsnews.net/economy/women-entrepreneurs-can-get-collateral-free-loan-tk50-lakh-735898

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,283.10
↑ 391.16↑ 1.15 %
FTSE100$ 7,360.55↓ 95.12↓ 1.28 %
Nikkei 225$ 32,568.11↓ 78.35↓ 0.24 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 77.17↑ 1.43 ↑ 1.89 %
Crude Oil (Brent)$ 81.43 ↑ 1.42↑ 1.77 %
Gold Spot$ 1,940.20↓ 18.35↓ 0.94 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 111.0000
BDT 111.0000

*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