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 September 13, 2023

Diversification can drive RMG export to Europe to $60b by 2030

Bangladesh has the potential to raise its readymade garment export earnings up to US$60 billion in the European market by 2030, provided there is diversification within the garment items, mostly non-cotton-based. Besides, an extra US$22.5 billion could be earned from exports of major non-RMG products by that time. These projections were presented at a programme on Monday in Dhaka. The event was jointly organised by the Research and Policy Integration for Development Bangladesh (RAPID) and the Friedrich-Ebert-Stiftung (FES) Bangladesh Office. Speaking at the event, Dr MA Razzaque, chairman of RAPID, said, “Bangladesh’s share in cotton fibre garment exports to the EU is 34.7 per cent, while China’s share is only 14.9 per cent.” On the other hand, he said China’s share in non-cotton garment items to the EU is 41.2 per cent, while Bangladesh’s is only 12.2 per cent. The country’s current readymade garment exports to the European markets are around $25 billion per year. According to the study, Bangladesh’s apparel exports to the EU are projected to rise up to $60 billion by 2030.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/diversification-can-drive-rmg-export-to-europe-to-60b-by-2030-1694539757

China co to invest $12.2m in Adamjee EPZ to produce garments accessories

Cherry Button Limited, a Chinese company, will set up a garments accessories manufacturing industry in Adamjee EPZ with an investment of US$ 12.2 million, reports BSS. The company signed an agreement to this end with Bangladesh Export Processing Zones Authority (BEPZA) at BEPZA Complex in the city on Tuesday. Member (Investment Promotion) of BEPZA Ali Reza Mazid and Chairman of Cherry Button Limited MA Miaoyan (Jasika) signed the agreement on behalf of their respective organisations in presence of Executive Chairman of BEPZA Major General Abul Kalam Mohammad Ziaur Rahman, said a press release. This fully foreign owned company will produce 1650 million pieces of metal button, plastic button, metal zipper, vislon zipper, nylon coil zipper and other accessories like eyelet, rivet, stopper, badge, buckle and suspender buckle a year.

Source: https://today.thefinancialexpress.com.bd/trade-market/china-co-to-invest-122m-in-adamjee-epz-to-produce-garments-accessories-1694539500

IFIC Bank gets new DMD

IFIC Bank PLC has recently promoted a senior executive vice-president to the post of deputy managing director (DMD). The official, Md Rafiqul Islam, will also serve as head of branch business of the bank concurrently. Islam joined IFIC Bank in 2014. He started off his banking career as a probationary officer at AB Bank in 1998 and went on to work at Trust Bank Ltd, the bank said in a press release.    He attained a master’s degree in English literature from the University of Dhaka alongside an MBA degree.

Source: https://www.thedailystar.net/business/economy/banks/news/ific-bank-gets-new-dmd-3417376

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,645.99
↓ 17.73↓ 0.05 %
FTSE100$ 7,527.53↑ 30.66↑ 0.41 %
Nikkei 225$ 32,650.13↓ 126.24↓ 0.39 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 89.07 ↑ 0.23 ↑ 0.26 %
Crude Oil (Brent)$ 92.26 ↑ 0.20↑ 0.22 %
Gold Spot$ 1,911.27↓ 2.40↓ 0.13 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 110.0000
BDT 110.0000

*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