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 31, 2023

Bangabandhu tunnel opens today to usher in new horizon in connectivity, industrialization

Bangabandhu tunnel is South Asia’s first underwater expressway tunnel and a new era in communication in Bangladesh. The tunnel enhances connectivity while keeping the Karnaphuli river free of any bridge structure, linking the Asian Highway, Ramgargh land port, and Matarbari Deep Sea Port. This project is expected to catalyse increased local and foreign investment in Chattogram’s southeastern region, enabling transit of goods among neighbouring countries like India, Nepal, and Myanmar. Around 100 companies have acquired real estate near the tunnel with some of them constructing factories and others are planning to take up projects reshaping South Chattogram. Big names like Akij Group, Four H Group, Diamond Cement, S Alam Group, and Partex Group have secured real estate for new factories in Karnaphuli and Anwara upazilas. The Unitex Group is investing Tk400 crore in a chemical factory expected to create 500 jobs. Nearby, China is developing a vast 784-acre economic zone, and the Saad Musa group is establishing private economic zones about half a kilometre from that location.

Source: https://www.tbsnews.net/bangladesh/infrastructure/bangabandhu-tunnel-opens-today-usher-new-horizon-connectivity

 Oil price falls over 1%

Oil slipped more than 1 percent on Monday as concern eased about the Israel-Hamas war affecting supply from the region and as investors adopted caution ahead of this week’s U.S. Federal Reserve meeting and other indications of global economic health. Crude had jumped 3 percent on Friday after Israel stepped up ground incursions into Gaza, stoking worries the conflict could expand in a region that accounts for a third of global oil output. However, that concern was fading on Monday. Brent crude futures dropped 95 cents, or 1.1 percent, to $89.53 a barrel by 1217 GMT, while U.S. West Texas Intermediate crude was down $1.12, or 1.3 percent, at $84.42.

Source: https://www.thedailystar.net/business/economy/news/oil-price-falls-over-1-3457501

LafargeHolcim profit jumps 54pc on higher sales revenue

LafargeHolcim registered a 58 per cent year-on-year growth in profit to Tk 5.21 billion for January-September this year. The profit growth was backed by a 55 per cent growth in operating profit to Tk 6.63 billion in the nine months to September. During the period, the company’s sales volume stood at Tk 16.98 billion, 27 per cent up from the same period of the previous year. The earnings per share (EPS) jumped to Tk 4.49 for January-September, 2023 from Tk 2.85 for the same period last year. The company’s share price remained stuck at the floor price of Tk 64.80 till April 30 on the Dhaka Stock Exchange (DSE). Later, the company saw price movements along with other market leaders. After exhibiting ups and downs, the stock peaked at Tk 72 on October 15 and finally closed at Tk 71.40 on Monday.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/lafargeholcim-profit-jumps-54pc-on-higher-sales-revenue-1698681562

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 32,928.96
↑ 511.37↑ 1.58 %
FTSE100$ 7,327.39↑ 36.11↑ 0.50 %
Nikkei 225$ 30,845.51↑ 148.55↑ 0.48 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 82.54↑ 0.23 ↑ 0.28 %
Crude Oil (Brent)$ 87.81 ↑ 0.36↑ 0.41 %
Gold Spot$ 1,992.65↓ 3.45↓ 0.17 %

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