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 23, 2022

PM to inaugurate 50, industrial units, other facilities in EZs on 26 Oct

Prime Minister Sheikh Hasina will inaugurate 50 industrial units, projects and facilities in Economic Zones (EZs) on 26 October, marking the 50 years of independence. Talking to BSS, Bangladesh Economic Zones Authority (Beza) Executive Chairman Shaikh Yusuf Harun said the Prime Minister will virtually inaugurate 50 industrial units, projects and facilities in the EZs across the country and Beza will have the event at eight venues. “These include commercial operations of four factories at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Chattogram and eight factories in different privately-run EZs,” he added. He said these industrial units have already invested more than $967.73 million, and will make further investment of nearly $331.27 million. He informed that the PM will also lay foundation stones of 29 industrial units in different EZs, which have so far invested $610 million, and are in a process to invest $1,922.39 million more.

Source: https://www.tbsnews.net/economy/pm-inaugurate-50-industrial-units-other-facilities-ezs-26-oct-517566

How to make big profits from bonds like City Bank Capital did

Bangladesh’s capital market lacks education and awareness about bond investing, while bonds are important for building a balanced, diversified investment portfolio, Ershad Hossain said. Despite the fact that bond prices are less volatile compared to that of equity shares, the bond market might be volatile enough to offer you big capital gains, said bond expert Ershad Hossain, managing director and chief executive officer of merchant bank City Bank Capital Resources Ltd. His firm, a pioneer in bond-related services in the Bangladesh capital market, generated around 35% annual return four-five years back by trading local treasury bonds, in contrast to the common belief that the bond market offers little. Ershad Hossain, in a recent interview with The Business Standard, suggested having learned about bond investing, one can wait for macroeconomic situations that lead to changes in the direction of interest rates in the economy and trigger their buy-sell decisions in the secondary bond market.

Source: https://www.tbsnews.net/economy/how-make-big-profits-bonds-city-bank-capital-did-518334

BPC plans to import 5.46m tonnes of fuel in 2023

Bangladesh Petroleum Corporation (BPC) is planning to purchase 5.46 million tonnes of fuel from the international market to meet the country’s needs in 2023. The proposal for next year’s fuel imports, comprising 1.6 million tonnes of crude oil and 3.86 million tonnes of refined oil, was tabled at a meeting of the Cabinet Committee on Economic Affairs on Wednesday, according to Additional Secretary Rahat Anwar. According to bdnews24.com, the BPC’s plan to import crude oil from Saudi Aramco and Abu Dhabi National Oil Company through the direct purchase method has been recommended for provisional approval. The war in Ukraine has triggered a surge in oil prices in the global market, fuelling fears of an economic downturn. Crude oil prices have been hovering around $100 per barrel for the last few months, which ranged between $60 and $70 a barrel prior to the war.

Source: https://thefinancialexpress.com.bd/economy/bpc-plans-to-import-546m-tonnes-of-fuel-in-2023-1666178866

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 31,082.56
↑ 748.97 ↑ 2.47%
FTSE100$ 6,969.73↑ 25.82↑ 0.37%
Nikkei 225$26,890.58↓ 116.38↓ 0.43%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$85.05 ↑ 0.54↑ 0.64%
Crude Oil (Brent)$93.50 ↑ 1.12↑ 1.21%
Gold Spot$1,657.69↑ 29.67↑ 1.82%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 102.6900
BDT 102.6900

*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