$

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

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Daily Business News Flash August 21, 2023

10-year loan rescheduling facility for ship-builders

Loans, leases and investments extended by non-bank financial institutions (NBFIs) to ship manufacturers could be rescheduled for up to 10 years as the central bank took the initiative to help beleaguered borrowers resume making installments. Revenue flows to ship-builders, catering to both local and international markets, have been affected for various reasons that are not within their control. As a result, they are failing to pay installments regularly, the central bank said in a notice yesterday. Under the circumstances, simplifying the repayment process for the affected borrowers is required in a bid to recover long-pending unrepaid loans and reduce the level of classified loans. NBFIs have been asked to create two separate accounts — one for outstanding principal amount and the other for outstanding interest amount – on the basis of the dues payable as of June 30 this year. As of 2022, ship-builders owed Tk 513 crore to the NBFI sector, which accounted for 1.62 percent of the industry’s total loans disbursed, according to the Bangladesh Bank Stability Report 2022.

Source: https://www.thedailystar.net/business/economy/news/10-year-loan-rescheduling-facility-ship-builders-3399176

 Dhaka Bank stands by farmers in Jhenaidah

Dhaka Bank Ltd recently distributed improved seeds and agrichemicals, including fertilisers and pesticides, among 500 marginal farmers of Shailkupa upazila of Jhenaidah district as part of its corporate social responsibility programmes. Emranul Huq, managing director and CEO of the bank, and Mohammad Hedayet Ullah, managing director of Syngenta Bangladesh Ltd, were present as special guests. Among others, Md Mostaque Ahmed and Sheikh Abdul Bakir, deputy managing directors of the bank, Md Katebur Rahman, head of agriculture division, along with Md Abul Hasnat, Shailkupa upazila agriculture officer, and other officials of the bank were also present.

Source: https://www.thedailystar.net/business/economy/news/dhaka-bank-stands-farmers-jhenaidah-3399091

 Private inland container depots handle imports worth $54b at Chattogram port annually

Private inland container depots (ICDs) at the Chattogram port are contributing to the country’s economy by annually handling export cargoes worth $54 billions, 25% of total imports transported in containers and also a large volume of empty containers at the port. Currently, the capacity of 19 private container depots at Chattogram port is around 76,000 twenty-foot equivalent units (TEUs), which is expected to reach 88,000 TEUs, once two more new depots are operational in 2024.

Source: https://www.tbsnews.net/economy/pvt-inland-container-depots-handle-imports-worth-54b-ctg-port-annually-bicda-685702

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,500.66
↑ 25.83↑ 0.07 %
FTSE100$ 7,262.43↓ 47.78 ↓ 0.65 %
Nikkei 225$ 31,669.53↑ 218.77↑ 0.70 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 81.90↑ 0.65 ↑ 0.80 %
Crude Oil (Brent)$ 85.36↑ 0.56↑ 0.66 %
Gold Spot$ 1,893.06↑ 3.75↑ 0.20 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
CurrencyLowestHighest
USD 1BDT 109.4500
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.<

AN IMPORTANT MESSAGE FROM

EMRANUL HUQ

MANAGING DIRECTOR & CEO OF DHAKA BANK LIMITED

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.

YOUR SAFETY MEANS EVERYTHING TO US
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.

WE WILL TAKE CARE OF YOUR BANKING NEEDS
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.

GET IN TOUCH IF YOU ARE IN EXTREME EMERGENCY
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.

WE WILL FREQUENTLY UPDATE YOU
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

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