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

Important Business News Extracts April 21, 2019

Thrust on eco-friendly RMG production process

Every year 1,500 billion litres of water are used to dye and wash cotton and apparel for the garment industry, she said citing a study conducted by the International Finance Corporation. Most of the factories are located along the river banks and hence waste is dumped into the rivers, she explained adding that hazardous chemicals are being discharged into the water bodies affecting the marine ecosystem, reducing fish population and resulting in unsuitable land for cultivation. The global fashion industry is a US$3 trillion sector and considered to be the second biggest polluter in the world, Ms Kabir said in her presentation adding that globally, the textile sector is the second highest user of water contributing to water waste by 20 per cent, and the apparel industry emits 10 per cent of carbon dioxide alone. The paper also showed that almost 82 per cent of the supply of water in Dhaka is dependent on groundwater and to fulfil this huge demand for water, groundwater level is declining by 2-3 metres each year. Considering the existing depletion rate, it predicted that groundwater level will go down to about 110 to 115 metres by 2050 if any preventive measure is not undertaken.

Source: http://today.thefinancialexpress.com.bd/trade-market/thrust-on-eco-friendly-rmg-production-process-1555775515

 Newly-elected BGMEA office-bearers take over

New office-bearers of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) took over the charge of the trade body officially on Saturday for the term of 2019-21. Dr Rubana Huq has become the new and first female president of BGMEA. Outgoing president of the trade body Md Siddiqur Rahman and his board handed over the charge to the new board of directors in its 36th annual general meeting (AGM) held at the new BGMEA complex at Uttara in the city. On April 06 the Sammilita Forum led by Ms Huq swept the biennial election to BGMEA bagging all 35 posts of director.

Source: http://today.thefinancialexpress.com.bd/trade-market/newly-elected-bgmea-office-bearers-take-over-1555775778

 Summit LNG arrives at Moheshkhali

Summit LNG, a vessel with floating storage and re-gasification unit (FSRU), has arrived in the Bay of Bengal ahead of schedule to supply 500 million cubic feet of re-gasified LNG to the national grid every day. It is now moored 6 kilometers off the island of Moheshkhali in Cox’s Bazar. Summit has hired the vessel from USA’s Excelerate Energy for 15 years and carried liquefied natural gas (LNG) from Qatar. If weather permits and Petrobangla wants re-gasified LNG, Summit LNG will be able to send out the gas to the national grid in seven days. The project is part of Summit Power International’s $1 billion investment programme by 2020 to deliver power and gas to Bangladesh. SLNG awarded Geocean SAS of France and Macgregor of Norway the turnkey contract for marine work for its floating LNG storage and the regasification terminal and PSA Marine of Singapore for support vessel services at Moheshkhali.   Once in operation, the facility is expected to double Bangladesh’s LNG import capacity.

Source: https://www.thedailystar.net/business/news/summit-lng-arrives-moheshkhali-1732771

StanChart puts thrust to help improve clients’ operating efficiency

Lisa Robins is Global Head of Transaction Banking at Standard Chartered and a member of Corporate and Institutional Banking Management Team. Based in Singapore, she is responsible for the bank’s transaction banking activities including cash management, trade finance, and securities services. The work StanChart is doing on digitisation and big data across the bank will allow the global bank to provide seamless solutions at the right time and help StanChart clients in Bangladesh grow on the ground and internationally. The new, easy-to-use interfaces and business models being brought to market in e-commerce and retail banking have revolutionised the customer experience, and are beginning to have an impact in the transaction banking arena. Both corporates and FIs want a more seamless experience, especially in cross-border payments. Regarding distributed ledger technology (including blockchain), there is huge potential to transform internal and external processes through digitisation of paper-based documents and contracts, and real-time domestic or cross border payments.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/stanchart-puts-thrust-to-help-improve-clients-operating-efficiency-1555774566

Social Islami Bank Limited launched a prepaid card as alternative of carrying cash for hajj expenditure, tuition    

Social Islami Bank Limited launched a prepaid card as alternative of carrying cash for hajj expenditure, tuition fee, travel expense and also using as gift card.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/social-islami-bank-limited-launched-a-prepaid-card-as-alternative-of-carrying-cash-for-hajj-expenditure-tuition-1555774624

 IPDC signs MoU with Anwar Landmark

IPDC Finance Limited has signed a Memorandum of Understanding (MoU) with Anwar Landmark Ltd., one of the leading real-estate and infrastructure development companies of the country. Under the MoU, customers of Anwar Landmark will get special rate of interest to avail Home loan & Auto Loan from IPDC Finance Ltd.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/ipdc-signs-mou-with-anwar-landmark-1555774678

 Solar irrigation brings new dimension to agriculture

Solar power pump irrigation has brought a new dimension to agriculture sector across the district during the current Boro season. Reduction the pressure on underground water and proper use of surface water in the drought-prone areas are the main reasons for the initiative. More than 260 hectares of Boro fields have come under the solar irrigation in the district from where around 300 tonnes of crop would be produced. Irri-Boro cultivation requires frequent irrigation. The solar power scheme will help reduce pressure on underground water. Steps should be taken to cover all crop fields under the scheme to save the environment from further degradation.

Source: http://today.thefinancialexpress.com.bd/country/solar-irrigation-brings-new-dimension-to-agriculture-1555772679

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DSEX5,321.41026 ↑61.99876↑1.18%
DJIA26,559.54 ↑110.00↑0.42%
Nikkei 225 22,200.56 ↓110.44↓0.50%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 64.00↑0.24↑0.38%
Crude Oil (Brent)$ 71.97↑0.35↑0.49%
Gold Spot$1,275.52 ↓0.30↓0.02%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.6105
GBP 1BDT 108.558
EUR 1BDT 93.9757
INR 1BDT 1.20154





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