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 September 17, 2023

Pharma exports up 15% in Jul-Aug

Pharmaceutical exports from Bangladesh grew nearly 15 percent year-on-year in the first two months of the current fiscal year as drug-makers secured international tenders, according to industry people. The manufacturers also said to have set a target to ship products by this month against the orders placed for the year in order to avoid disruptions stemming from any possible political unrest centring the upcoming general elections. Buyers have also started to place higher orders as economies gradually recover from the impacts of global economic crises brought on by the Russia-Ukraine war. Thus, medicine shipment fetched $31.64 million in July and August of 2023-24. Pharmaceutical exports from Bangladesh fell 7 percent year-on-year to $175.42 million in 2022-23 due to the impacts of global economic crises and subsequent US dollar shortage in most underdeveloped countries.

Source: https://www.thedailystar.net/business/economy/news/pharma-exports-15-jul-aug-3420546

Japanese Economic Zone gears up for production early next year

The Bangladesh Special Economic Zone, jointly developed by the governments of Bangladesh and Japan on 1,000 acres of land in Araihazar, Narayanganj, is accelerating its construction efforts to start production early next year. Officials said Singer Bangladesh Ltd, a multinational electronics and home appliance company, which has already started factory construction after leasing 33.4 acres of land in the economic zone, will start production within March 2024. So far, five companies have signed land lease agreements with the Bangladesh Economic Zones Authority to construct factories in the economic zone in Narayanganj. The companies are – Singer Bangladesh Ltd, 33.4 acres, Rudolf GmbH (Germany), 5 acres, Lion Corporation (Japan), 8.4 acres, Onoda (Japan), 5 acres, NICCA Chemical Co Ltd (Japan), 3.2 acres. Singer Bangladesh Ltd, a multinational electronics and home appliance firm, is poised to commence production at its $78 million green factory.

Source: https://www.tbsnews.net/economy/japanese-economic-zone-gears-production-early-next-year-701806

 Saif Ullah Kowchar new DMD of City Bank

City Bank has recently added another deputy managing director in its top management. A K M Saif Ullah Kowchar, who was head of internal control & compliance, has been promoted to the position of DMD by the bank’s board last week. He worked as a senior executive vice president of the same bank prior to this. Saif joined City Bank in 2019 and made significant contributions to establishing a robust Risk-Based Internal Audit (RBIA) culture in the bank. Saif has more than 22 years of multifunctional and multi-geographic experience, working for Citibank N.A. (Bangladesh and the Philippines), Pacific BD Telecom Ltd and KPMG (Bangladesh and Qatar) prior to joining City Bank.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/saif-ullah-kowchar-new-dmd-of-city-bank-1694880615

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,618.24
↓ 288.87↓ 0.83 %
FTSE100$ 7,711.38↓ 38.30↓ 0.50 %
Nikkei 225$ 33,533.09↓ 364.99↓ 1.10 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 90.77 ↑ 0.61 ↑ 0.68 %
Crude Oil (Brent)$ 93.93 ↑ 0.23↑ 0.25 %
Gold Spot$ 1,923.91↑ 13.12↑ 0.69 %

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