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 22, 2022

Govt. working to raise annual exports to $100b by 2026: Tipu Munshi

The RMG sector contributes to 82% of total exports but initiatives have been taken for the export of 10 products from other sectors, he said. The government and private sector entrepreneurs are working together to boost the country’s export earnings to $100 billion by 2026, said Commerce Minister Tipu Munshi on Saturday. “About $60 billion worth of goods and services were exported in the last fiscal year. Efforts are underway to raise the overall exports to $80 billion in 2024 and $100 billion in 2026,” he said at a Meet the Press programme organised by the Overseas Correspondents of Bangladesh (OCAB) at the National Press Club in Dhaka. The commerce minister noted that Bangladesh has become a developing country after graduating from the LDC status. It will come into effect in 2026, and from 2029, Bangladesh will no longer enjoy the trade facilities meant for LDCs. Then world trade has to be done by competing with developed countries.

Source: https://www.tbsnews.net/economy/govt-working-raise-annual-exports-100b-2026-tipu-munshi-498126

EPZs see record growth in investment, export, employment in FY22

Export earnings from EPZs cross the $8 billion mark for the first time. The fiscal 2021-22 was a prolific year for the Bangladesh Export Processing Zones Authority (Bepza), with its eight export processing zones (EPZs) posting the highest-ever growth in investment, export and employment. The EPZs received investments to the tune of $410 million last fiscal year, which is 20.26% higher than that of the previous year, according to data obtained from Bepza. During the same period, export earnings from the EPZs grew 30.41% to $8.7 billion while the number of new jobs surged by 36.13% to 64,160. Bepza Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman has attributed the marked growth in these crucial indicators even amid the hard times of the Covid pandemic mainly to the country’s investment-friendly atmosphere and the prevalence of labour- and environment-friendly working conditions at the EPZs.

Source: https://www.tbsnews.net/economy/epzs-see-record-growth-investment-export-employment-fy22-500194

Midland Bank gets nod for Tk 70cr IPO

Midland Bank gets nod to raise Tk 70 crore through issuing seven crore ordinary shares in an initial public offering (IPO). The approval came yesterday from a meeting of the Bangladesh Securities and Exchange Commission (BSEC) held at the commission building headed by BSEC Chairman Prof Shibli Rubayat-Ul-Islam. With the IPO proceeds, the bank would invest in government securities and listed companies’ stocks, the commission said in a press release. The lender’s weighted average earnings per share was Tk 1.07 and net asset value was Tk 13 at the end of 2021. However, the stockmarket regulator has added a condition, which is the bank has to ensure 2 per cent shareholding by each director and 30 per cent shareholding jointly. LankaBangla Investments is the issue manager of the IPO.

Source: https://www.thedailystar.net/business/economy/banks/news/midland-bank-gets-nod-tk-70cr-ipo-3125251

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 30,183.78
↓ 522.45↓ 1.70%
FTSE100$ 7,237.64 ↑ 44.98↑0.63%
Nikkei 225$27,109.87↓ 203.26↓ 0.74%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$83.28↑0.34↑0.41%
Crude Oil (Brent)$90.28 ↑0.45↑0.50%
Gold Spot$1,659.88 ↓14.01↓0.84%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 107.6500

*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