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 December 13, 2020

Bangladesh Bank signs deal with Dhaka Bank, Prime Bank

Bangladesh Bank and Dhaka Bank Limited have signed an agreement at Bangladesh Bank premises recently. EmranulHuq, Managing Director & CEO, Dhaka Bank Limited, and Md. Abdul Mannan, General Manager and Project Director, Bangladesh Bank, on behalf of their respective organisations exchanged documents after signing the agreement, according to statements. Under this agreement as PFI (Participating Financial Institution), Dhaka Bank Limited will support the programme of Safety, Retrofits and Environmental Upgrades in the Bangladeshi Ready-Made Garment (RMG) Sector Project (SREUP). Mohammad Abu Jafar, Deputy Managing Director, Mukarram Hossain Chowdhury, SEVP & Head of RMG Division of Dhaka Bank Limited, and M. Abdullah Muktadir, Deputy Director, SREUP PMU of Bangladesh Bank, were also present in the signing ceremony. The project is being implemented under SME and Special Programmes Department (SMESPD) of Bangladesh Bank with Euro 50 million loan fund and Euro 14.29 million grant facilities from AFD, France and other developing partners to provide financial and technical support to readymade garments (RMG) factories for safety and environmental upgrades.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/bangladesh-bank-signs-deal-with-dhaka-bank-prime-bank-1607788512

Two Chinese firms to invest $28.69m

Two Chinese companies are set to invest around Tk 244 crore, equivalent to $28.69 million, in Bangladesh for establishing manufacturing units for non-woven personal protective equipment (PPE), steel structural items and ready-mix concrete. The duo will sign an agreement with Bangladesh Economic Zones Authority (Beza) tomorrow to take lease of land to set up the factories at Bangabandhu Sheikh MujibShilpa Nagar (BSMSN).Some 10 acres will be availed by CCECC Bangladesh, a subsidiary of China Civil Engineering Construction Corporation (CCECC). It will invest $15.97 million, equivalent to Tk 136 crore, and employ around 350 people in producing the construction items as “Mirsarai Fabrication”. Established in 1979 and headquartered in Beijing, the CCECC has long been considered one of the world’s top 255 international contractors.CCECC Bangladesh was formed in September 2019 to run a similar business model. Meanwhile eight acres have been sought by Jeihong Medical Products (BD), a subsidiary of KunshanJiehong Nonwoven Product Company which produces fabrics, gowns, gloves and caps. It will invest Tk 108 crore, equivalent to $12.72 million, to manufacture non-woven PPE products such as isolation gowns, scrub suites, lab jackets, disposable caps, shoe covers, and boot covers.

Source: https://www.thedailystar.net/business/news/two-chinese-firms-invest-2869m-2010521

‘Digital World 2020’ Agriculture Information Service (AIS) Director Kartick Chandra Chakroborty receiving the National Information and Communication Technology Award 2020 on behalf of his organisation from State Minister for ICT Zunaid Ahmed Palak at the closing ceremony of the ‘Digital World 2020’ in the city on Friday. The AIS under the agriculture ministry got the prestigious award for being adjudged the best organisation in the category of ICT use in agriculture.

Source: https://today.thefinancialexpress.com.bd/trade-market/digital-world-2020-1607789672

Three banks get BSEC nod to raise Tk 14b

The stock market regulator has given approval to issue perpetual bonds worth Tk 14 billion in favour of three listed bank – First Security Islami Bank, Trust Bank and City Bank – to strengthen their additional Tier-1 capital base. A perpetual bond is a fixed income security with no maturity date and is often considered as a type of equity rather than debt. These types of bonds are not redeemable but instead provide a never-ending stream of interest payments. The perpetual bonds will be unsecured and feature a floating rate. The price per unit of each bond is Tk 1.0 million. As per the regulatory approval, First Security Islami Bank will issue perpetual bond of Tk 6.0 billion while Trust Bank and City Bank to issue bonds worth Tk 4.0 billion each.The fund will be raised from government financial institutions, mutual funds, listed banks, insurance companies, regional rural banks, private organisations, trust funds and eligible investors though private placement. The price per unit of each bond is Tk 1.0 million.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/three-banks-get-bsec-nod-to-raise-tk-14b-1607788472

The stock market index had been on an upward curve last week with pharmaceuticals

The stock market index had been on an upward curve last week with pharmaceuticals in the lead as investors bought the sector’s stocks in hopes of higher future returns amid the threat of a second wave of the pandemic. DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 119 points, or 2.41 per cent, to 5,094. Although the pharmaceutical sector’s market capitalisation increased by 2.42 per cent, it was beaten by the engineering sector which topped the list with a rise of over 7 per cent, propelled by the inclusion of Dominage Steel in the stock market.Market capitalisation of the banking sector rose 1.76 per cent while that of non-bank financial institutions increased 1.09 per cent. Most listed banks booked higher profits in the January-September period despite having a lower interest income mainly due to lower provisioning requirements, shows the banks’ quarterly data analysis.As most insurance stocks already doubled or rose over 50 per cent during the last few months, the last two weeks had been a period of corrections. Market capitalisation of the general insurance sector dropped around 1 per cent followed by the mutual fund sector’s 1.97 per cent.

Source: https://www.thedailystar.net/business/news/pharma-gives-stocks-shot-the-arm-2010509

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 30,046.37
↑ 47.11↑ 0.16%/span>
FTSE100$ 6,546.75↓ 53.01↓0.80%
Nikkei 225$ 26,652.52↓103.72 ↓0.39%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 46.57 ↓0.21↓0.45%
Crude Oil (Brent)$ 49.97↓0.28↓0.56%
Gold Spot$ 1,839.85 ↑3.28↑0.18%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8000
GBP 1BDT 113.6320
EUR 1BDT 102.4723
INR 1BDT 1.1524





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