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 26, 2021

BD gets $250m ADB loan for post-pandemic recovery

The Asian Development Bank (ADB) has approved a $250-million policy-based loan to support Bangladesh’s economic recovery following the COVID-19 pandemic. The Board of Directors of the Manila-based lender approved the loan Saturday, the first sub-programme of the programmatic $500 million Sustainable Economic Recovery Program. Now the Economic Relations Division (ERD) of the Ministry of Finance will sign a loan deal with the ADB for confirming its disbursement, officials said on Saturday. The assistance will help Bangladesh to facilitate a rapid and sustainable recovery from the COVID-19 pandemic, generate employment, and expand economic activities for micro-entrepreneurs and small businesses.

Source: https://today.thefinancialexpress.com.bd/first-page/bd-gets-250m-adb-loan-for-post-pandemic-recovery-1632590261

 Merchant Bay raises $260k for RMG industry

Dhaka-based RMG digitization start up Merchant Bay raised $260 thousand dollars in a pre-seed round to develop specialized business intelligence solutions, smart factory management tools and multi-sided platform services for the RMG industry of Bangladesh. Merchant Bay, a marketplace and software service provider in the apparel sector has raised $260 thousand through angel investment from several serial angel investors in a pre-seed round. Merchant Bay started its journey in 2020 with the dream of digitizing Bangladesh readymade garments industry, linking the supply chain, and making sourcing of global buyers from Bangladesh easy. Today Merchant Bay has more than 1000 suppliers on its platform.Through Digital Trade Week Merchant Bay connected representatives from 40 countries. Merchant Bay was able to connect 1400 suppliers and 300 buyers during the event. Through 75 public and private sessions Merchant Bay provided assistance to buyers and suppliers in various ways during Covid. Such as identifying the needs, helping in sourcing, and various other business-related topics.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/merchant-bay-raises-260k-for-rmg-industry-1632586110

 BRICS bank membership to open new avenue of foreign financing: PM

Prime Minister Sheikh Hasina has termed Bangladesh’s membership in the New Development Bank as a time-befitting achievement that will open a new avenue of foreign financing. She said it will play a supportive role in achieving the country’s development goals.Bangladesh has joined the New Development Bank (NDB), a multilateral development bank set up by Brazil, Russia, India, China and South Africa (BRICS), as a member state.NDB’s board of governors authorised the bank to conduct formal negotiations with prospective members in late 2020.The NDB was set up by Brazil, Russia, India, China and South Africa to mobilise resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries, complementing the existing efforts of multilateral and regional financial institutions for global growth and development. The multilateral development bank has an authorised capital of $100 billion, which is open for subscription by members of the United Nations.

Source: https://www.thedailystar.net/business/economy/news/default-loan-recovery-plunges-2184346

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,798.00
FTSE100$ 7,051.48↓26.87↓0.38%
Nikkei 225$ 30,248.81↑609.41↑2.06 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 73.98↑0.68↑0.93%
Crude Oil (Brent)$ 78.09↑0.84↑1.09%
Gold Spot$ 1,750.42↑7.66↑0.44%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 85.3000
GBP 1BDT 116.2554
EUR 1BDT 99.7157





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