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
Rate last updated: 02/01/2014 11:15:04 AM
The government is set to issue a guarantee against a Tk 10-billion Central Bank refinancing loan to aid farm credit disbursements by Bangladesh Krishi Bank [BKB].The Bangladesh Bank has already sanctioned the recapitalization loan to the state-owned specialized Bank. Financial Institutions Division [FID] has sent a summary note to finance ministry, seeking steps to this end. The central Bank lends at 5.0 per cent interest rate, but the Banks in most cases add 3.0-4.0 per cent to the rate based on sectors while disbursing the loans. The Bank’s agriculture credit disbursements will be expedited further if the government issues a guarantee. The loan will have to be repaid within the guaranteed period and necessary evidence be submitted to the division concerned. The operating losses of the specialized Bank will have to be reduced, specified one of the terms set by the FID. BKB must slash non-performing loans, expand business, operate with skills and get out of its critical situation to be monitored by its own asset liability committee, according to the conditions. The government issued BKB guarantees worth Tk 62.55 billion from fiscal year [FY] 2000-2001 to date. The Bank has so far repaid Tk 15 billion. According to the central Bank guideline, BKB gives loans to crops, fisheries and livestock sectors at a maximum of 9.0 per cent interest rate. Finance ministry allocated BKB Tk 20 billion in recapitalization fund for FY 2017-18. Of the amount, the government released Tk 4.0 billion.
Bangladesh has so far imported around 7.0 million cubic metres of LNG by 50 vessels from RasGas of Qatar and Oman Trading International [OTI] of Oman to meet domestic natural gas demand after re-gasification. Of the total, RasGas supplied some 40 cargoes while OTI around 10, each carrying about 138,000 cubic metres of LNG on an average, to re-gasify at the country’s two operational offshore LNG terminals. The Energy and Mineral Resources Division [EMRD] under the Ministry of Power, Energy and Mineral Resources [MoPEMR] and state-run Rupantarita Prakritik Gas Company Ltd [RPGCL] observed the ‘half-century’ over LNG cargo imports in the past two days. It is a significant milestone for the country as a new window of energy source was opened with the start of LNG imports. Bangladesh is currently importing lean LNG from RasGas and OTI under term deals.
The Executive Committee of the National Economic Council [ECNEC] on Tuesday approved 12 projects, including a sewerage treatment plant in the city’s Uttara area, involving a total estimated cost of Tk 54.94 billion. The approval came at the weekly ECNEC meeting held at the NEC conference room with ECNEC Chairperson and Prime Minister Sheikh Hasina in the chair. Today’s ECNEC meeting approved 12 projects involving the total cost of Tk 54.94 billion. Of the cost, Tk 54.16 billion will come from government funds, while the remaining 780 million as project assistance. Of the approved projects, seven are new and the remaining five are revised ones. Of the total project cost, Tk 13.98 billion will be spent on land acquisition to set up a sewerage treatment plant in the city’s Uttara area.
The price of the units of the SEML FBLSL Growth Fund declined 62.18 per cent in last 15 sessions. Following continuous price correction, the fund became the worst loser on Tuesday as the unit price closed at Tk 16.60 each with a loss of 9.78 per cent or Tk 1.80. The price of the units of the SEML FBLSL Growth Fund declined 62.18 per cent or Tk 27.30 in last 15 sessions executed on Dhaka Stock Exchange [DSE]. Earlier, the ten taka units of the fund displayed ‘abnormal’ price hike till July 25 last. In response to a DSE query dated July 14, 2019, the fund manager in a knee-jerk reply informed that there was no undisclosed price sensitive information for the then unusual price hike and increase in volume of units. On the close of operation on July 25, 2019, the fund reported net asset value [NAV] of Tk. 10.63 per unit on the basis of current market price and Tk. 10.79 per unit on the basis of cost price against face value of Tk. 10.00. But the unit price of the fund jumped to Tk 44.40 each on July 25 last following abnormal price hike. Later, the fund’s units witnessed price correction on July 29 and the declining trend continued till Tuesday. The sponsors owned 51.41 per cent units, institutes 48.44 per cent and general investors 0.15 per cent as on July 30, 2019. The trustee committee of the fund has declared 5 per cent cash dividend based on net income for the year ended on June 30, 2019 and considering previous retained earnings. The fund reported earnings per unit [EPU] of Tk. 0.38, NAV per unit at market price of Tk. 10.70, NAV per unit at cost of Tk. 10.76 and NOCFPU of Tk. 0.62 for the year ended on June 30, 2019.
Source: https://www.thedailystar.net/business/news/govts-bank-borrowing-soars-mega-projects-1791178
The Dhaka bourse on Tuesday bounced back to green zone breaking the losing streak of previous two sessions mainly riding on pharmaceuticals & chemicals sector. On the day, the pharmaceuticals & chemicals observed investors’ increased participation and helped the broad index of the Dhaka Stock Exchange [DSE] to close marginally higher. The telecommunication sector also played a market supportive role amid price correction witnessed by some major sectors. The market opened positively and the DSE broad index DSEX advanced by 20 points within 20 minutes. Later, the DSEX displayed volatility for rest of the session as many investors reshuffled their portfolios with sector specific stocks. At the end of the session, the DSEX settled at 5178.70 points with a marginal rise of 0.25 per cent or 12.93 points.
Source: http://today.thefinancialexpress.com.bd/stock-corporate/pharma-issues-spur-index-to-rise-1566922777
Daraz, a leading online marketplace, has announced various types of Bank discounts, gifts, cashback and other easy shopping facilities for its customers next month as part of its 5th anniversary campaign. The offers will be valid from September 6 to 14, says a statement of daraz.com.bd. Customers will also enjoy more than five million [50 lakh] products in Daraz during the campaign. Media partners of the event are Ekattor Television, Radio Foorti, Banglanews24 and ICE Today. Offers include I Love voucher, Double Taka voucher, Brand voucher, Rush hour voucher, Daily Flash Sale, various Daraz brand products like Daraz Mug, T-shirt, Keyring, Raincoat etc., Tk 5.0 deal, Tk 99 deal and Super Bondhu.
Source: http://today.thefinancialexpress.com.bd/stock-corporate/pharma-issues-spur-index-to-rise-1566922777
| Index Name | Close Value | Value Change | Percentage Change |
|---|---|---|---|
| DSEX | 5178.70421 | ↑12.93 | ↑ 0.25% |
| DJIA | 25,777.90 | ↓120.93 | ↓0.47% |
| FTSE100 | 7,089.58 | ↓5.40 | ↓0.08% |
| Nikkei 225 | 20,486.99 | ↑30.91 | ↑0.15% |
| Commodity | Close Value | Value Change | Percentage Change |
|---|---|---|---|
| Crude Oil (WTI) | $ 55.49 | ↑0.56 | ↑1.02% |
| Crude Oil (Brent) | $ 59.93 | ↑0.42 | ↑0.71% |
| Gold Spot | $ 1,534.66 | ↓8.15 | ↓0.53% |
| Exchange Rates | |
|---|---|
| USD 1 | BDT 82.9430 |
| GBP 1 | BDT 101.675 |
| EUR 1 | BDT 92.0577 |
| INR 1 | BDT 1.15674 |
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