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 23, 2021

Chinese co to build $6.5m toy factory in Dhaka EPZ

Chinese company Meigo (Bangladesh) Limited is going to establish a Toy Manufac-turing Industry in Dhaka EPZ with an investment of US$ 6.55 million. An agreement to this effect has been signed between Bangladesh Export Process-ing Zones Authority (BEPZA) and Meigo (Bangladesh) Limited at BEPZA Complex in the city. The company will produce 0.9 million pcs of die-cast toy, plastic toy, plush toy and collectibles toy a year and create employment opportunity for 1,616 Bangladeshi nationals.

Source: https://today.thefinancialexpress.com.bd/trade-market/chinese-co-to-build-65m-toy-factory-in-dhaka-epz-1632328358

 E-commerce transactions hit five-month low

Appetite for purchases through online platforms declined in July from a month ago, as people became cautious in placing orders when a series of scams centring e-commerce companies started coming to the light. In July, customers spent Tk 740 crore on products and services, which is the lowest in five months and 42 per cent less than June’s Tk 1,277 crore, according to data by Bangladesh Bank.There was, however, 15 per cent year-on-year growth in July this year. In the same month last year, people bought Tk 640 crore of products.  In terms of number of transactions, consumers placed 2 per cent less orders in July than June. Total number of transactions was 24.3 lakh in July, down from 24.8 lakh in June. The central bank found that Evaly had over Tk 400 crore liabilities against current asset of Tk 65 crore as of March 14 this year — a gap that prompted the commerce ministry to ask Evaly to explain the whereabouts of around Tk 338 crore that the platform owed to customers and merchants.Transaction hit the highest in terms of value in June this year since December 2010 when customers bought only Tk 185 crore worth of goods and services online.

Source: https://www.thedailystar.net/business/news/e-commerce-transactions-hit-five-month-low-tk-740-crore-july-2182301

 Prime Bank joins NBR’s Integrated VAT System

Prime Bank has partnered with the National Board of Revenue (NBR) to develop single and multiple BIN validations for enhanced VAT payment experience. Prime Bank’s corporate clients have been enjoying the e-VAT service through the bank’s Omni Digital Platform, PrimePay, since December 2020.The latest integration will bring VDS (VAT Deduction at Source) payment as an additional feature of the e-VAT service for the bank’s corporate clients.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/prime-bank-joins-nbrs-integrated-vat-system-1632329485

Meghna Petroleum signs business deal with Delta LPG

Meghna Petroleum, a state-run listed company, has signed an agreement with Delta LPG, a concern of TK Group of Industries, as part of its business expansion. Under the agreement, Delta LPG will sell LPG by establishing LPG (Autogas) refueling station parallel to the sale of petroleum oil through the company’s registered fillings stations. Meghna Petroleum will receive royalty of Tk 0.50 against per liter sale of LPG, the company said in a filing with the Dhaka Stock Exchange (DSE) on Wednesday.Each share of Meghna Petroleum, which was listed on the Dhaka bourse in 2007, closed at Tk 201.30 on Wednesday, losing 1.13 per cent over the previous day. Its shares traded between Tk 160.30 and Tk 218.90 in the last one year.The company’s earnings per share (EPS) stood at Tk 5.15 for January to March 2021as against Tk 5.97 for the same period a year ago. In nine months for July 2020-March 2021, its EPS was Tk 17.40 as against Tk19.72 for July 2019-March 2020. The company disbursed 150 per cent cash dividend for the year ended on June 30, 2020. In 2019, it also paid a 150 per cent cash dividend. The company’s paid-up capital is Tk 1.08 billion and authorised capital is Tk 4.0 billion while the total number of securities is 108.21 million.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/meghna-petroleum-signs-business-deal-with-delta-lpg-1632329356

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,258.32
FTSE100$ 7,083.37↑102.39↑1.47%
Nikkei 225$ 29,639.40↓200.31↓0.67%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 72.35↑0.12↑0.17%
Crude Oil (Brent)$ 76.36↑0.17↑0.22%
Gold Spot$ 1,764.39↓3.77↓0.21%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 85.3000
GBP 1BDT 116.5454
EUR 1BDT 100.0313





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