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 August 02, 2021

Some 85pc listed banks see profit surge in H1

Most of the listed banks logged higher profits year-on-year in the first half (H1) for January-June, 2021 due to higher operating income, lower provisioning and bullish capital market. Of the 31 banks listed on the Dhaka Stock Exchange (DSE), 27 have disclosed their un-audited financial statements for January-June, 2021 as of Sunday. Of them, the consolidated earnings per share (EPS) of 23 banks (85 per cent) surged, three saw their EPS fell marginally while one continued to incur loss, according to available data with the DSE.Most banks posted higher EPS due to increase operating profit while non-performing loans were under control because of the policy support on provisioning from the central bank. Standard Bank registered the highest EPS surged by 283 per cent to Tk 0.23 for January-June 2021. Its EPS was Tk 0.06 in the same period a year earlier. The EPS of Prime Bank also rose to Tk 1.81 for January-June, 2021, up by a whopping 229 per cent, from Tk 0.55 in the corresponding period. Newly listed NRB Commercial Bank’s EPS soared 126 per cent to Tk 1.11 for January-June, 2021. Its EPS was Tk 0.49 in January-June, 2020. BRAC Bank’s EPS jumped 120 per cent to Tk 1.85 for January-June, 2021, which was Tk 0.84 in the same period of the previous year.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/some-85pc-listed-banks-see-profit-surge-in-h1-1627841840

e-GP tenders cross 0.5m-mark

The number of tenders invited through e-GP portal crossed 0.5 million on August 01, 2021 with a total value of about Tk 5.10 trillion (510,499 crore), reports BSS. This is a landmark achievement of the electronic government procurement (e-GP) system introduced by the Central Procurement Technical Unit (CPTU) of the Implementation Monitoring and Evaluation Division (IMED) under the Ministry of Planning. The e-GP system has zero downtime. It remains active and functional throughout the Covid-19 pandemic period with the 24/7 helpdesk open.On July 22, 2020 the number was at 0.4 million involving over Tk 4.1 trillion (410,000 crore). There are 1,365 procuring agencies in the country. Until August 1, 2021, a total of 1362 agencies got registered with the e-GP system. The number of tenderers registered with e-GP stood at 88,294 on the day.Building on the success of piloting, the CPTU started implementing e-GP across the government procuring agencies from 2012. The World Bank has been providing support to the government in digitising public procurement.

Source: https://today.thefinancialexpress.com.bd/trade-market/e-gp-tenders-cross-05m-mark-1627840433

 RMG exports see 16% negative growth in July

Apparel shipments suddenly slowed down in the last week of July due to the combined impacts of Eid vacation, lockdown and container congestion at the Chattogram port, resulting in a 16% slump in export earnings in the month, relative to the same period last year. Apparel exports, however, had shown a remarkable 37% growth in the first three weeks of July, increasing earnings to $2.22 bilion until 19 July from $1.66 billion of the same period last year, according to data compiled by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA). Bangladesh exported apparels worth $2.60 billion from 1-30 July this year, down from $3.08 billion last year, said MohiuddinRubel, director of BGMEA.The apparel sector accounts for more than 80% of the country’s total exports for the last three decades. In the fiscal year 2020-21, apparel exports fetched $31.45 billion. Export earnings fell drastically in April and May 2020 due to the pandemic, bringing down the sector’s earnings to $27.94billion in fiscal year 2019-20.

Source: https://www.tbsnews.net/economy/rmg/rmg-exports-see-16-negative-growth-july-282187

Discussion on ‘Digital Marketing – CS Profession’

The Institute of Chartered Secretaries of Bangladesh (ICSB) organized a discussion session titled “Digital Marketing – CS Profession” on Saturday on virtual platform. Mr. A.H.M Shafiquzzaman, Council Member of ICSB and Additional Secretary, Ministry of Commerce, Government of the People’s Republic of Bangladesh graced the occasion as the Chief Guest. Mr. Muzaffar Ahmed FCMA, FCS President of the Institute chaired the session and delivered the welcome speech. The keynote paper on the subject was presented by Mr. Nayeem Ahmed, Brand In-Charge, Multiply Digital. Mr Md. Selim Reza LL.B., FCA, FCS, Vice President of ICSB and Partner, ARTISAN, Chartered Accountants and Mr. Md. Azizur Rahman FCS, Council Member and Head of Public Affairs & Company Secretary of British American Tobacco Company Limited, Bangladesh were the Official Discussants.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/discussion-on-digital-marketing-cs-profession-1627841918

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,935.47
↓149.06↓ 0.42%
FTSE100$ 7,032.30↓46.12↓0.65%
Nikkei 225$ 27,789.93↑506.34↑1.86%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 73.17↓0.78↓1.05%
Crude Oil (Brent)$ 74.55↓0.86↓1.14%
Gold Spot$ 1,811.91↓2.28↓0.13%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8090
GBP 1BDT 117.9015
EUR 1BDT 100.4647





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