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

Important Business News Extracts May 21, 2019

South Korean Company to invest US$ 6m in Mongla EPZ

South Korean Company M/s Hwashin (BD) Limited will invest US$ 6 million to establish a Cosmetics Accessories Industry in Mongla Export Processing Zone. An agreement in this regard has been signed between Bangladesh Export Processing Zones Authority (BEPZA) and M/s Hwashin (BD) Limited at BEPZA Complex in the capital recently. According to the official, the fully foreign-owned company will annually produce 300 million pieces of makeup brush, makeup sponge, cosmetics box, cosmetics container, mirror, cosmetics bag, nail clippers, nail polishing paper, tweezers, eyelash curler and other accessories. The factory will create employment opportunity for 1480 Bangladeshi nationals.

Source: https://thefinancialexpress.com.bd/trade/south-korean-company-to-invest-us-6m-in-mongla-epz-1558338078

Time for RMG to be eco-correct

As per the official, before 2012 DBL Group used 120 litres of water for washing a kilogram of fabric. But by 2016, the garment maker was able to bring down its water consumption to 60 litres thanks to installation of modern technologies. This means, DBL can now save more than one billion litres of water in a year and also save more than one million kilograms of dyes and chemicals. If the others follow DBL Group’s lead, Bangladesh can save around 22 billion litres of water, cut down water waste by 18 billion litres and greenhouse gas by 46,000 tonnes in a year.

Source: https://www.thedailystar.net/business/news/time-rmg-be-eco-correct-1746694

NEC to consider Tk 2,02,721cr ADP today

The National Economic Council at a meeting today will set the new Annual Development Programme, size of which is likely to be Tk 2,02,721 crore. Prime minister Sheikh Hasina is scheduled to preside over the meeting at the Planning Commission in the morning. According to the official, the Planning Commission has already approved the draft ADP for the financial year 2019-20 at Tk 2,02,721 crore which will be placed before the NEC. Of the total outlay, Tk 1,30,921 crore or 64.58 per cent will be generated from the local sources while the remaining Tk 71,800 crore or 35.42 per cent would come from foreign sources as project assistance.

Source: http://www.newagebd.net/article/73041/nec-to-consider-tk-202721cr-adp-today

Tokyo to sign $2.5b deal with Dhaka

Japan will sign an agreement with Bangladesh on providing $2.5 billion Official Development Assistance (ODA) during a visit of Prime Minister Sheikh Hasina to Tokyo at the end of this month. The amount in the 40th ODA agreement will be 35 percent higher than that of last year, said Japanese Ambassador to Bangladesh Hiroyasu Izumi when he met Hasina at the Gono Bhaban recently. Mr. Izumi also assured the PM of Japan’s continued support to Bangladesh in its efforts for economic prosperity.

Source: https://www.thedailystar.net/frontpage/news/tokyo-sign-25b-deal-dhaka-1746535

Two Singapore firms show interest in 3rd submarine cable

The Bangladesh Submarine Cable Company Ltd (BSCCL) has received proposals from two Singapore-based companies — SingTel and SigMar — to establish connection for the country’s third undersea cable. According to the BSCCL’s Managing Director Mashiur Rahman, the state-owned company is in the process of evaluating the proposals, both from the financial and technical perspectives, as it has already got go-ahead from the policymakers. SingTel offers 5 terabits per second (TBPS) bandwidth by way of the South East Asia-Middle East-Western Europe 6 cable, which runs from Singapore to France. It will cost BSCCL $72 million.

Source: https://www.thedailystar.net/business/news/two-singapore-firms-show-interest-3rd-submarine-cable-1746682

National Housing re-elects Chairman

Mr. Latifur Rahman has been re-elected as Chairman of National Housing Finance And Investments Limited at its 209th Meeting of the Board held recently for further 2 years. Mr. Rahman, an eminent businessman in the country, is the Chairman and CEO of Transcom Group whose business includes Beverage, Electrical & Electronics Products, pharmaceuticals, Fast Food, snacks and breakfast cereals, print media, FM Radio and tea plantations.

Source: https://thefinancialexpress.com.bd/trade/new-fbcci-board-of-director-takes-charge-155826895

Moosa wants to bring €20b in Bangladesh

Private business firm DATCO Chairman Moosa Bin Shamsher, who grabbed the headlines time and again claiming to be a multi-billionaire, has applied for permission to bring about €20 billion to Bangladesh claiming that international arms business earned him the money.According to the Bangladesh Financial Intelligence Unit Chief Abu Hena Mohammad Razi Hasan, they found nothing wrong with the proposal and there was no bar to the bringing of the money. He also added, they have assessed the proposal of Moosa based on the source of earnings and other specifications mentioned in the proposal and so far, they have found no barrier in the existing laws including the Money Laundering Prevention Act, to the bringing of the money in the country.

Source: http://www.newagebd.net/article/73072/moosa-wants-to-bring-20b-in-bangladesh

Pubali Bank gets new Chairman

Pubali Bank recently saw the unanimous election of Azizul Huq, founder CEO of Islami Bank Bangladesh, Social Investment Bank and Islamic Finance and Investment, as chairman during a board meeting. Mr. Huq started his banking career as a probationary officer at Habib Bank of Pakistan in 1958.

Source: https://www.thedailystar.net/business/banking/news/pubali-bank-gets-new-chairman-1746667

Mahbub Alam re-elected CCCI President

The members of the board of directors of the Chattogram Chamber of Commerce and Industry (CCCI) elected a three-member presidium of the apex trade body of the district recently. Mahbubul Alam as president, Omar Hajjaj senior vice president and Tarafdar Md Ruhul Amin vice-president of the chamber for a two-year term (2019-2020).

Source: https://thefinancialexpress.com.bd/trade/mahbub-re-elected-ccci-president-1558374630

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA25,679.90 ↓84.10 ↓0.33%
Nikkei 225 21,219.80↓81.93↓0.38%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 63.40↑0.30↑0.48%
Crude Oil (Brent) $ 72.36↑0.39↑0.54%
Gold Spot $1,276.58↓1.24 ↓0.10%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 82.7223
GBP 1BDT 105.3270
EUR 1BDT 92.3346
INR 1BDT 1.1848





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