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 3, 2023

Prime Minister opens first elevated expressway

Prime Minister Sheikh Hasina on Saturday inaugurated the 11.5 km Airport- Farmgate segment of 19.73-km Dhaka Elevated Expressway, the first of its kind in the country, raising high hope to reduce traffic congestion and commuters’ travel time in the capital, reports UNB. The long-awaited expressway, one of the mega infrastructure projects under the current government, will be opened to traffic on Sunday morning and it will take 10 minutes for a vehicle to reach Farmgate from Kawla with a speed up to 60 km per hour. This is the first project in the transport sector being implemented under the public-private partnership (PPP) with foreign investment.

Source: https://today.thefinancialexpress.com.bd/first-page/pm-opens-first-elevated-expressway-1693673545

Construction materials industry thriving on mega projects

The construction materials industry of Bangladesh has registered massive growth over the past decade as some mega projects are providing ample opportunity for capacity building and ensuring world-class products, according to industry insiders. Local companies need to ensure quality products as well as display sufficient production capacity and operational efficiency to participate with international firms in implementing mega projects. At present, the government is implementing around a dozen mega projects using locally made construction materials instead of imported alternatives. For example, at least 10 local companies are contributing materials, such as cement, steel and paint, for constructing the country’s first elevated expressway in Dhaka. Till date, a total of 66,000 tonnes of steel has been used in the elevated expressway project, with BSRM contributing a majority 52,000 tonnes.

Source: https://www.thedailystar.net/business/economy/news/construction-materials-industry-thriving-mega-projects-3409641

 Oil prices rises to highest in over seven months on supply worries

Oil prices rose on Friday to their highest in over half a year and snapped a two-week losing streak, buoyed by expectations of tightening supplies. Saudi Arabia is widely expected to extend a voluntary 1 million barrel per day oil production cut into October, prolonging supply curbs engineered by the Organization of the Petroleum Exporting Countries (OPEC) and allies, known collectively as OPEC+, to support prices. Brent crude settled up $1.66, or 1.9 percent, at $88.49 a barrel. Earlier it gained to a session high of $88.75 a barrel, the highest since Jan. 27. US West Texas Intermediate crude (WTI) had risen $1.39, roughly 1.7 percent, to $85.02. It rose earlier to $85.81, the highest since Nov. 16.

Source: https://www.thedailystar.net/business/global-economy/news/oil-rises-highest-over-seven-months-supply-worries-3409236

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,837.71
↑ 115.80↑ 0.33 %
FTSE100$ 7,464.54↑ 25.41↑ 0.34 %
Nikkei 225$ 32,710.62↑ 91.28↑ 0.28 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 85.55 ↑ 1.92↑ 2.30 %
Crude Oil (Brent)$ 88.55 ↑ 1.72↑ 1.98 %
Gold Spot$ 1,940.06↑ 0.13 ↑ 0.01 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 109.5000
BDT 109.5000

*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