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 October 18, 2023

Apartment sales slow for rising prices

Overall flat sales are going slow due to their high prices owing to the country’s macroeconomic vulnerabilities, a rise in raw material prices as well as an increase in registration costs, according to realtors. According to them, flat prices increased by up to 40 percent during the last one and a half years due to a rise in prices of construction materials, which is a direct impact of the fallouts on the global economy for the Russia-Ukraine war. An assessment of the Real Estate & Housing Association of Bangladesh (REHAB) shows that the cost of rod required per square feet increased by Tk 130, cement Tk 24.75, sand Tk 28.12 and stone chips Tk 78.75. In case of bricks, it was Tk 50, aluminium frames Tk 40, iron grilles Tk 12, general electrification Tk 30, sanitation Tk 30 and labour charge Tk 60. In this situation, the cost of constructing buildings increased by around Tk 500 per square feet. Against this backdrop, flats prices increased by around 35 per cent to 40 percent depending on the location of the property.

Source: https://www.thedailystar.net/business/economy/industries/real-estate/news/apartment-sales-slow-rising-prices-3445951

Agri sector needs Tk 100b more investment

Agriculture Minister and Awami League Presidium Member Dr Abdur Razzaque on Tuesday said the National Agriculture Policy 2018 is being implemented to make Bangladesh’s agricultural production sustainable and transform the agriculture sector, reports UNB. “As of July 2023, more than Tk 450 billion has been invested in this sector. Of this, government investment is Tk 302 billion while the rest is from development partners. Besides, the World Bank and IFAD have recently invested Tk 5.76 billion in partner projects. However, at present, about Tk 100 billion is required to be invested in agriculture on priority basis,” he said. The minister said this while inaugurating the “Investment Conference” of the World Food Forum of the United Nations Food and Agriculture Organization (FAO) in Rome, Italy on Tuesday morning. These sectors need to invest Tk 200 billion in the next few years. Giving details of investment infrastructure and government facilities in Bangladesh, the minister said there is a good investment environment in the country. The agriculture sector is very promising for investment in agriculture in Bangladesh and it will be profitable.

Source: https://today.thefinancialexpress.com.bd/trade-market/agri-sector-needs-tk-100b-more-investment-1697564593

Vivek Sood new chairman of Robi

The Board of Directors of Robi Axiata Limited (Robi) has appointed Vivek Sood as Chairman of the company, says a statement. He replaced Thayaparan Sangarapillai who had served as Chairman of Robi Axiata since 2021. Mr Vivek is currently serving as Axiata Group Berhad’s Group CEO and Managing Director. Mr Vivek was appointed as Group Chief Executive Officer (GCEO) and Managing Director of Axiata Group Berhad (Axiata) in March 2023 after serving as Joint Acting GCEO since June 2022. Before joining Axiata, he was the Executive Vice President and Group Chief Marketing Officer of Telenor Group.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/vivek-sood-new-chairman-of-robi-1697565108

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,997.65
↑ 13.11↑ 0.04 %
FTSE100$ 7,675.21↑ 44.58↑ 0.58 %
Nikkei 225$ 32,005.41↓ 34.88↓ 0.11 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 88.73 ↑ 2.07 ↑ 2.39 %
Crude Oil (Brent)$ 91.77 ↑ 1.87↑ 2.08 %
Gold Spot$ 1,937.61↑ 14.43↑ 0.75 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 110.5000
BDT 110.5000

*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