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

Daily Business News Flash April 06, 2021

Online sales, takeaways too scanty

Restaurants owners have been pounded with yet another blow of the pandemic as the government barred dine-in services during the seven-day restrictions on movement starting from yesterday to contain the virus amid Covid-19 cases hitting record highs. The restaurants were among the first to experience a damaging effect as their sales were stated to have slid down from the middle of March, when the new wave of coronavirus infections arose.During the period, the sales of the restaurant reached some 70 per cent of pre-pandemic levels. Since the Covid-19 outbreak began in March last year, the restaurant and food service providing sector has been among the worst hit in the country as customers are avoiding food prepared outside their homes in order to prevent infections.Since August though, the majority of restaurants have become operational but the sector has only regained about 40 to 45 per cent of its business compared to the pre-pandemic era. The number of food service establishments is estimated to be about 60,000, including hotels, restaurants and sweetmeat makers. The daily talked to some waitstaff of different restaurants and they said most of the workers were still in Dhaka as the establishment owners were unsure whether the lockdown would continue.

Source: https://www.thedailystar.net/business/news/online-sales-takeaways-too-scanty-2072865

Stocks bounce back on buying spree

Stocks bounced back yesterday as investors went on a buying spree to take advantage of the low prices of many securities and higher loan margin for share purchases. DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 88 points, or 1.78 per cent, to 5,177.Some investors bought shares that experienced huge price cuts in recent times and this had a positive impact on the index, said Mostaque Ahmed Sadeque, former president of the DSE Brokers’ Association. Yesterday was the first day of a week-long nationwide lockdown, during which trading hours are limited in a bid to curb the spread of Covid-19.Besides, these companies do not deserve to see a 15 to 20 per cent decline in prices due to the lockdown.Turnover, an important indicator of the market, dropped 54 per cent to Tk 236 crore.At present, brokers and merchant bankers are allowed to lend Tk 80 against an investment of Tk 100. Earlier, the limit was Tk 50.At the country’s premier bourse, 231 stocks advanced, 14 declined and 76 remained unchanged. Similarly, the port city bourse also bounced back yesterday. CASPI, the general index of the Chittagong Stock Exchange, rose 250 points or 1.7 per cent to close at 14,964. Among 185 traded stocks, 122 rose, 27 fell and 36 remained unchanged, CSE data shows.

Source: https://www.thedailystar.net/business/news/stocks-bounce-back-buying-spree-2072861

Sonali Bank appoints ombudsman

AKM Kamrul Islam, chairman of an audit committee of the Sonali Bank’s Board of Directors, has been appointed ombudsman. An ombudsman is an official, usually appointed by the government, who investigates complaints (usually lodged by private citizens) against businesses, financial institutions, universities, government departments, or other public entities. The main objective is to establish a fully credible bank free from malpractices, corruption, fraud, embezzlement, fraud and immoral activities. The bank approved an ombudsman policy on January 11, 2021.

Source: https://www.thedailystar.net/business/news/sonali-bank-appoints-ombudsman-2072817

SCB wins Asiamoney Awards

Standard Chartered Bank Bangladesh has recently been recognized as the ‘Best International Bank’ Asiamoney Awards 2021. The year marks the fifth year of the Asiamoney Awards and also the fifth time Standard Chartered has received this prestigious award.As the only international universal Bank in Bangladesh, Standard Chartered has been playing a unique role as a partner progress to Bangladesh for over 116 years. With the Bangladesh economy growing at between 5% and 7% for the past decade, the bank has positioned itself to support this journey, facilitating major investments in power, energy, transportation and urban development. As a result, Standard Chartered is already supporting various key multi-billion-dollar infrastructure projects such as the construction of a third terminal at Dhaka Airport (a $2.5 billion project), the $1.98 billion Bangabandhu Railway Bridge and $1.2 billion Dhaka Elevated Expressway.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/scb-wins-asiamoney-awards-1617639497

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,527.19
↑373.98 ↑1.13%
FTSE100$ 6,737.30↑23.67 ↑0.35%
Nikkei 225$ 29,743.34↓345.91↓1.15%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 59.20 ↑0.55↑0.94%
Crude Oil (Brent)$ 62.62↑0.47↑0.76%
Gold Spot$ 1,733.44↑5.17↑0.30%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8020
GBP 1BDT 117.3066
EUR 1BDT 99.7780





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