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 25, 2021

Dhaka Bank held Business Review Meeting-2021 for Sylhet Region Branches

Dhaka Bank Limited held the Business Review Meeting-2021 for its Sylhet Region Branches at Nazimgarh Garden Resort in Sylhet recently, with Abdul Hai Sarker, chairman of the bank, as the chief guest. Managing Director & CEO Emranul Huq presided over the meeting.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/dhaka-bank-held-business-review-meeting-2021-for-sylhet-region-branches-1635096004

 FDI inflow rises marginally

Foreign direct investment to Bangladesh rose 6 per cent year-on-year to $2.51 billion in the last fiscal year, continuing the recent trends whereas peer countries secured a higher level of investment from external investors. The FDI flow has been far lower than expected because of strict regulations and bureaucratic complexities. Fresh investment, or equity capital, did not arrive as expected in 2020-21. Foreign companies operating in Bangladesh largely reinvested their earnings in the year, helping the country keep its FDI trend stable. FDI in the field of equity capital rose 12.08 per cent to $816 million, disappointing analysts as it remains less than $1 billion.Reinvestment of earnings stood at $1.58 billion, up 4.63 per cent year-on-year, data from the Bangladesh Bank showed. Intra-company loans dipped to $105 million in contrast to $1.32 billion in FY20.The government had targeted to attract $32 billion in FDI during the seventh five-year plan period stretching from FY16 to FY20. But, the country had managed to receive less than $10 billion.In a positive development, the government has reduced the lock-in period for foreign investment to one year from three years. It means investors, who hold 10 per cent shares in a company or directorship, are not allowed to sell the stake within the stipulated period.Regulators still take more time in the name of scrutiny when it comes to granting approval to foreign investors. In some cases, foreign investors are forced to change their plan as they have to complete the process within a certain period set by their parent companies.

Source: https://www.thedailystar.net/business/economy/news/fdi-inflow-rises-marginally-2205596

 Korea to provide US$700m to Bangladesh as soft loan

A “Framework Arrang-ement” was signed between the governments of Bangladesh and Korea on Sunday to provide a soft loan of US$700.00 million for the period of 2021-2025. The Korean Government has been providing soft loan through the Economic Development Cooperation Fund (EDCF) for the development of socio-economic, infrastructure and ICT sectors in Bangladesh since 1997. Fifteen projects worth US$469.77 million have already been completed with assistance from the EDCF while another eight projects worth US$666.28 million are currently ongoing. At the end of FY 2020-21, the total commitment from the EDCF has been US$1330.48 million. This is the second largest amount committed by the Korean government for its development partners.Under this Framework Arrangement, the Korean government will provide financial assistance to implement several projects in the next five years. Loan agreements of US$100.00 million for “Sustainable Economic Recovery Programme (Subprogram1)” under Finance Division, US$ 51.00 million for “Procurement of CNG Single Decker AC Buses for BRTC” project under the Road Transport and Highways Division and US$25.00 million for “Establishment of a Modern International Training Institute for Dhaka WASA” project under the Local Government Division are expected to be signed within this year. In addition, important projects like “Construction of Railway-cum-Road Bridges across the River Karnaphuli at Kalurghat, Chattogram” and “Establishment of a Multi-disciplinary and Super Specialized Hospital at BSMMU (2nd Phase)”are also expected to be implemented under this Framework Arrangement.

Source: https://today.thefinancialexpress.com.bd/trade-market/korea-to-provide-us700m-to-bangladesh-as-soft-loan-1635094361

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 35,677.02
↑ 73.94 ↑ 0.21 %
FTSE100$ 7,204.55 ↑ 14.25 ↑ 0.20 %
Nikkei 225$ 28,579.11 ↓225.74 ↓0.78%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 84.59↑ 0.83↑ 0.99%
Crude Oil (Brent)$ 86.22↑0.69↑0.81%
Gold Spot$ 1,799.26↑ 6.61↑ 0.37%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 85.6500
GBP 1BDT 117.8116
EUR 1BDT 99.7908





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