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 12, 2022

Banks asked to keep LC margin at minimum 25%

The central bank has fixed the margin rate for opening import letter of credit (LC) at minimum 25% in a bid to facilitate overall currency and loan management activities in the wake of recent global trade trends.LCs for importing baby food, essential food items and fuel, life-saving medicines, local and export-oriented industries and agricultural related products will, however, be excluded from the directive, a circular of the Banking Regulation and Policy Department of the Bangladesh Bank said on Monday.Until now, the margin rate in opening import LC has been based on the banker-customer relationship. This new directive will come into effect immediately and will remain in force until further notice.

Source: https://www.tbsnews.net/economy/banking/bb-asks-banks-keep-lc-margin-minimum-25-401558

YoungoneCorporation to invest $500m in textiles and IT at KEPZ

Youngone Corporation is planning to invest up to $500m at the Korean Export Processing Zone (KEPZ) in the textiles and information technology sectors in the next few years, said its Chairman Kihak Sung. The state of the art 100 acres hi-tech park would employ 20,000 to 30,000 people, said Kihak Sung. Five buildings are already under construction while a few more will be built in the near future. The KEPZ, owned by the Youngone Corporation, is also developing another 50 acres of land that would host twenty 22-storey IT buildings. The park/complex will have a number of software development facilities, including high-rise IT buildings, universities, schools, and a community complex with service apartments.

Source: https://www.tbsnews.net/economy/youngone-invest-500m-textiles-and-it-401642

3.2MWp rooftop solar plant opens

The country’s largest rooftop solar power plant under the opex model, a 3.2-megawatt peak (MWp) array, was inaugurated in Narayanganj on Monday. The facility has been established on a textile mill’s buildings in Bhulta, on the outskirts of Dhaka city. Sustainable and Renewable Energy Development Authority (SREDA) chairman Mohammad Alauddin inaugurated it on rooftops of multiple buildings of Robintex Group. Joules Power Ltd (JPL), the country’s first utility-scale solar power plant owner at Teknaf, funded over Tk 190.61 million to install the ‘JPL-Robintex Rooftop Solar Power Plant’. The factory owner will buy electricity from the plant for a period of 20 years. The plant will also remain connected to the grid under the net-metering policy.

Source: https://today.thefinancialexpress.com.bd/trade-market/32mwp-rooftop-solar-plant-opens-1649698705

New AMD of Bank Asia

Mr. Adil Chowdhury has recently been promoted as AMD of Bank Asia Ltd. Prior to his promotion, Mr. Chowdhury was DMD of the Bank. Mr. Chowdhury has over two decades of banking experience with more than 15 years of international exposure, most recently serving as Director of The Bank of Nova Scotia (Canada) in Hong Kong and Singapore.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/new-amd-of-bank-asia-1649699416

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,308.08
↓413.04↓1.19 %
FTSE100$ 7,618.31↓51.25↓0.67 %
Nikkei 225$ 26,455.97↓365.55↓1.36 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 96.26↑1.97↑2.09 %
Crude Oil (Brent)$ 100.43↑1.95↑1.98 %
Gold Spot$ 1,956.37↑2.85↑0.15 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 86.2000
GBP 1BDT 112.3531
EUR 1BDT 93.7856

*World Commodities & Local and Global Stock Indices data are taken from bloomberg.com<

* Exchange Rates are taken from BB website, as on latest update.<




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