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 30, 2021

M&S plans to buy more high-end garments from Bangladesh

A few years ago, Marks & Spencer (M&S) could not find a single factory in Bangladesh that could produce suits in bulk quantity although the country was already one of the largest apparel exporters in the world. But things have changed as the local suppliers have diversified products and are making high-end items alongside basic garments. This shift has turned Bangladesh into the largest suits sourcing destination for the British retail giant. Today, Bangladesh is the largest sourcing destination for M&S for apparel items, and the company buys more than $1.2 billion worth of garment items from the country every year. Currently, $25 billion worth of garment items, out of a total of $34 billion, are shipped under the LDC category. An additional $5 billion to $7 billion worth of investment is required in the garment sector to attain the country’s export targets by 2030.

Source: https://www.thedailystar.net/business/economy/industries/investments/news/ms-plans-buy-more-high-end-garments-bangladesh-2906101

US$115b investment needed for power sector by 2041

State minister for Ministry of Power, Energy and Mineral Resources Nasrul Hamid Monday said Bangladesh will require investment worth US$50 billion only for electricity generation by 2041. The country will require further investment worth around US$65 billion in power transmission and distribution system. A number of local and international business delegates and company heads of renowned firms took part in the session, chaired by Prime Minister’s adviser Dr Tawfiq-e-Elahi Chowdhury. In his keynote presentation Mr Hamid spelled out the government plan to focus more on clean and renewable energy sources for electricity generation in future as part of its de-carbonization effort. It has set a target to reduce green house emissions by 49 per cent within 2031. The government has already scrapped 8,500 megawatt (MW) generating coal-fired power plants to protect environment.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/us115b-investment-needed-for-power-sector-by-2041-1638202690

Bangladesh a favourable destination for Turkish investors

Bangladesh has a favourable business environment for Turkish investors thanks to its congenial policy making and regulatory regimes, according to a 14-member delegation of the Turkey-Bangladesh Business Council. Bangladesh’s trade with Turkey amounted to about $686.4 million in fiscal 2019-20, when exports made up around $453 million of the total against $233.4 million in imports. Rahman made these comments during a meeting with the 14-member delegation yesterday, as per a press release circulated by the DCCI. In FY2020-21, Bangladesh’s exports to Turkey stood at $499.79 million.

 Source: https://www.thedailystar.net/business/economy/industries/investments/news/bangladesh-favourable-destination-turkish-investors-2906066

Southeast Bank launches five agent banking outlets

Southeast Bank Limited launched 5 Agent Banking outlets for the unbanked people across the country specially at the rural and semi-urban area. M. Kamal Hossain, Managing Director of Southeast Bank Limited inaugurated the formal operation of 2 Islamic and 3 Conventional Agent Banking outlets as the Chief Guest. Other officials of the Bank and Proprietors of the 5 Agent outlets were also present. Southeast Bank formally launches 2 ‘Tijarah’-Islamic Agent Banking outlets at Kamartek Bazar, Shibpur, Narsingdi and Baruna Bazar, Dumuria, Khulna and 3 Conventional Agent Banking Outlet at Awlia Bazar, Mukundapur, Bijoynagar, Brahmanbaria; Joymontop Bazar, Singair, Manikganj and Charigram Bazar, Singair, Manikgang respectively.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/southeast-bank-launches-five-agent-banking-outlets-1638202735

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 35,135.94
↑ 236.60↑ 0.68 %
FTSE100$ 7,109.95↑ 65.92↑ 0.94 %
Nikkei 225$ 28,475.93↑ 192.01↑ 0.68 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 70.64↑ 0.69↑ 0.99 %
Crude Oil (Brent)$ 73.88↑ 0.44↑ 0.60 %
Gold Spot$ 1,788.49↑ 3.89↑ 0.22 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 85.8000
GBP 1BDT 114.4915
EUR 1BDT 97.1342





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