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 17, 2022

Sukuk auction on Apr 19 to raise Tk 50b

The government is set to raise Tk 50 billion more by issuing Islamic bonds on April 19 to bankroll a rural infrastructure development project, officials say. The central bank will hold an auction to issue Istisna Sukuk bonds to eligible banks, non-banking financial institutions (NBFIs), insurance companies and individuals. The Bangladesh Bank, as a special-purpose vehicle for the issuance of government securities, has completed all necessary preparations to issue the third set of the Shariah-based bonds.Investors will receive a 4.75-per cent profit on their investment in these bonds, he tells the FE, saying that it will be paid on a half-yearly basis. As per the BB criteria, Shariah-based Islamic banks, NBFIs and insurance companies will be eligible for 80 per cent instead of 70 per cent earlier Sukuk certificates. But conventional banks and other financial institutions will be entitled to receive 8.0 per cent of the bonds instead of 15 per cent. Besides, 10 per cent of the Bangladesh Government Investment Sukuk (BGIS), generally known as Istisna Sukuk, will be sanctioned to Islamic branches and windows of conventional banks. Individual investors will be eligible to get the remaining 2.0 per cent instead of 5.0 per cent earlier.On 29 December 2021, the government raised Tk 50 billion through issuing Ijarah Sukuk bonds for the implementation of a need-based government primary school-development project by 2023.

Source: https://today.thefinancialexpress.com.bd/first-page/sukuk-auction-on-apr-19-to-raise-tk-50b-1650129723

Ctg Custom House sees 21.98% revenue growth

Chattogram Custom House, the largest customs station in the country, has achieved a significant boost in revenue collection in the first nine months of the current fiscal year owing to an increase in production and import. From July to March of the current fiscal year 2021-22, Chattogram Custom House saw 21.98% revenue growth which was Tk42,730.82 crore – about Tk5459 less than the target. According to Chattogram Custom authorities, the revenue collection is expected to reach nearly Tk60,000 crore compared to Tk51,576.96 crore last fiscal.In the last fiscal year 2020-21, the revenue collection in the first nine months was Tk35,031.65 crore, which was nearly Tk12,000 crore less than the target. A review of the revenue collection data of Chattogram Custom House shows that the highest revenue collection of the current fiscal was in March when Tk5,296.69 crore was collected.

Source: https://www.tbsnews.net/nbr/ctg-custom-house-sees-2198-revenue-growth-404326

Bangladesh Denim expo will be held on May 10

Bangladesh Denim Expo is going to be held in the city in May, after two years of suspension due to Covid-19 pandemic, aiming to help buyers and suppliers to explore new opportunity. The 12th edition of the two-day exhibition will take place at the International Convention City, Bashundhara (ICCB) in the capital on May 10-11. A total of 79 exhibitors, including local and international ones, will join the event, it said.At the two-day event, exhibitors will display fabrics, garment, threads, machinery, finishing equipment and accessories, positioning the show as a true representation of Bangladesh’s denim industry – the largest denim exporter to the EU and the USA.

Source: https://today.thefinancialexpress.com.bd/trade-market/denim-expo-kicks-off-on-may-10-1650126162

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,451.23
FTSE100$ 7,616.38↑35.58↑0.47 %
Nikkei 225$ 27,093.19↓78.81↓0.29 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 106.95↑2.70↑2.59 %
Crude Oil (Brent)$ 111.70↑2.92↑2.68 %
Gold Spot$ 1,978.24↑4.53↑0.23 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 86.2000
GBP 1BDT 112.0945
EUR 1BDT 93.3374

*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