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 27, 2021

Diversified products, new EPZs to net in more FDIs

Bangladesh is developing a new EPZ for attracting more foreign direct investment (FDI) with diversified products, as investors queue up for plots amid economic bounceback, says a top official. Executive Chairman of Bangladesh Export Procession Zones Authority (BEPZA) Major General Nazrul Islam says they have started developing its ninth EPZ and diversifying investment products for netting more FDI. The Authority is working to build the BEPZA EPZ at Mireswarai in Chattogram where some 140 plots have already been developed. According to BEPZA, it would develop a total of 539 plots in the EPZ being built at Mireswarai in Chattogram. The Authority will develop 1,150 acres of land in the zone, close by the Bangabandhu Special Economic Zone at Mireswarai. The BEPZA, a public-sector agency for attracting export-oriented private investment into Bangladesh, has already set up eight EPZs across Dhaka, Chattogram, Mongla, Nilphamari, Cumilla and Adamjee in Narayanganj. EPZ is considered one of the success stories in Bangladesh as exports from the export-processing zones accounted for US$6.64 billion of the country’s export receipts in the last fiscal year (FY 202-21), BEPZA statistics show.

Source: https://today.thefinancialexpress.com.bd/first-page/diversified-products-new-epzs-to-net-in-more-fdis-1635271672

 Roadmap to $5 billion IT exports by 2025

The government is making a roadmap to facilitate the production of digital devices in the country to boost export earnings in the information and technology sector from the current $1 billion to $5 billion by 2025. At the same time, the domestic market for ICT products and IT-enabled services is expected to reach $5 billion. The government believes products such as mobile devices, computers, and laptops will play a major role in tapping in the prospective $10 billion IT market at home and abroad within next four years, which is why the new roadmap is aimed at capacity building of the local digital device manufacturing industry as well as promoting and branding domestically manufactured products in international markets, according to the ICT Division. According to the International Data Corporation (IDC), Bangladesh imported 3.4 crore phones worth $1.18 billion in 2017, and the laptop market was valued to be at $300 million in 2018.

Source: https://www.tbsnews.net/tech/roadmap-5-billion-it-exports-2025-321373

 City Bank earns post-tax profit of Tk 3.16b in Q3

ity Bank held its earnings disclosure event over digital platform announcing its 3rd Quarter, 2021 financial results on Tuesday. Existing & potential investors from across the globe, researchers, analysts and other individuals involved in capital market joined the event. Consolidated Earnings Per Share (EPS) of the bank was recorded at BDT 2.97 for the period from January to September 2021 against that of BDT 2.89 during the same period last year. The bank also reported BDT 3.16 billion Consolidated Profit After Tax (PAT) during the period January to September 2021, which was BDT 3.08 billion during the same period of last year.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/city-bank-earns-post-tax-profit-of-tk-316b-in-q3-1635264171

9th MTB ‘Bravery & Courage’ Award

On the occasion of MTB’s 22nd anniversary, MTB Foundation presented its 9th MTB ‘Bravery & Courage’ Award to the family of late Syed Shah Alam, a leader of a local Cyclone Preparedness Program (CPP) who died after a boat capsize in a canal in Kalapara Upazila of Patuakhali under the influence of super cyclone ‘Amphan’ on May 20, 2020. A special crest and a cheque were handed over through a simple ceremony at the Bank’s Corporate Head Office

Source: https://today.thefinancialexpress.com.bd/stock-corporate/9th-mtb-bravery-courage-award-1635264343

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 35,756.88
↑ 15.73 ↑ 0.04 %
FTSE100$ 7,277.62↑ 54.80↑ 0.76 %
Nikkei 225$ 28,933.13 ↓ 172.88 ↓ 0.59 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 84.13↓ 0.52↓ 0.61 %
Crude Oil (Brent)$ 86.06↓ 0.34↓ 0.39 %
Gold Spot$ 1,789.19↓ 3.72↓ 0.21 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 85.6500
GBP 1BDT 117.9486
EUR 1BDT 99.4397





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