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

Click to Close

Rate last updated: 02/01/2014 11:15:04 AM

Daily Business News Flash October 25, 2023

Candy, noodles top export items alongside biscuits

Candy, which did not attract the attention of exporters even a decade ago, has become one of the top five items in Bangladesh’s processed food export basket, highlighting the much-needed value-addition brought on by manufacturers. Noodles, another popular food, has also become one of the major items shipped from the country. Biscuit and bakery items, which ranked seventh on the list of top 10 export products in 2009-10, have become the No.1 item in the processed food category, replacing drinks, according to data compiled by the Bangladesh Agro-Processors Association (BAPA). BAPA figures showed that exporters fetched $30 million from candy shipments in 2021-22. The product was the fourth-largest earner in the processed foods category in the year. Bangladesh earned $458 million from shipping of foods in FY22, with the top 10 items accounting for 91 percent of the receipts, according to the BAPA. The association is yet to compile data on product-wise export receipts for the last financial year of 2022-23.

Source: https://www.thedailystar.net/business/economy/news/candy-noodles-top-export-items-alongside-biscuits-3452086

Square Pharma going for Tk 400cr expansion

Square Pharmaceuticals PLC, the country’s biggest drug maker, has announced its plan to invest Tk 400 crore for expansion. The funds would be used for BMRE (Balancing, Modernisation, Rehabilitation and Expansion), and the purchase of capital machinery and land for the future expansion of its business, according to a filing on the Dhaka Stock Exchange (DSE). Operational since 1958, Square Pharma is the flagship company of one of the leading conglomerates in Bangladesh, Square Group. It produces a vast range of drugs for both local and international markets. In FY23, it clocked a revenue of Tk 1,898 crore, registering a year-on-year growth of 4.5 percent from Tk 1,819 crore in the previous year. Profits stood at Tk 1,897.89 crore in the last financial year, up 4.54 percent year-on-year from Tk 1,815.45 crore in FY22. Thus, earnings per share increased to Tk 21.41 from Tk 20.48.

Source: https://www.thedailystar.net/business/economy/news/square-pharma-going-tk-400cr-expansion-3451346

Oil prices broadly stable

Oil prices were broadly stable on Tuesday following the previous session’s dip after a flurry of economic data from Germany, the wider euro zone and Britain sketched a bearish picture which could weigh on oil demand. Brent crude futures were up 9 cents, or 0.1 percent, at $89.92 a barrel by 0847 GMT, while US West Texas Intermediate crude futures inched up 4 cents, or 0.05 percent, to $85.53 a barrel. Euro zone business activity took a surprise turn for the worse this month, data showed on Wednesday, suggesting the bloc may slip into recession.

Source: https://www.thedailystar.net/business/global-economy/news/oil-prices-broadly-stable-3452046

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,141.38
↑ 204.97↑ 0.62 %
FTSE100$ 7,389.70↑ 14.87↑ 0.20 %
Nikkei 225$ 31,382.93↑ 320.58↑ 1.03 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 83.65↓ 0.09 ↓ 0.11 %
Crude Oil (Brent)$ 88.01 ↓ 0.06↓ 0.07 %
Gold Spot$ 1,973.92↑ 2.95↑ 0.15 %

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