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 14, 2021

DSE to invite big firms to market

For the first time in history, Dhaka Stock Exchange (DSE) will officially invite big and renowned local companies to get listed on the share market. A conference in this regard has been arranged for December 21, when top officials and owners of around 100 companies are expected to be in attendance. Rangs Group, Transcom, Bashundhara, Nasir Group of Industries, Meghna Group of Industries, Abdul Monem, Rahimafrooz, Nassa Group, Bengal Group of Industries, BRB Cable, Drug International, United Group, Kazi Farms, City Group, Jamuna Group, and Incepta Pharmaceuticals are on the list of invitees.

 Source: https://www.thedailystar.net/business/economy/stock/news/dse-invite-big-firms-market-2917046

 Saif Powertec to enter gas, oil exploration business as first private firm

Saif Powertec Limited wants to enter the gas and oil exploration business by investing Tk473 crore as the first local private company in this industry. The board of the company, which got listed on the capital market in 2014, decided on 12 December. Saif Powertec to enter gas, oil exploration business as first private firm. The Tk473 crore project cost will come from bank loans. Saif Powertec Limited wants to enter the gas and oil exploration business by investing Tk473 crore as the first local private company in this industry. The board of the company, which got listed on the capital market in 2014, decided on 12 December. The project cost will come from bank loans. According to its website, Saif Powertec’s principal activities are to carry on the business of infrastructure-support service. It is also engaged in importing, trading, assembling and installing generators, sub-stations, electrical equipment and gridlines, installation of power plants, producing batteries as well as acting as a terminal operator for handling containers at the Chattogram Port. Foreign entities such as Chevron, ConocoPhillips, Equinor, Gazprom and Oil and Natural Gas Corporation (ONGC) dominate the sector while Chevron alone produces 50% of the natural gas in the country. Besides, Saif Powertec said in its price-sensitive information that after the completion of the project, the company will earn a revenue of Tk516 crore and the net profit will be Tk86 crore annually. At the end of fiscal 2020-21, it earned Tk62 crore from its existing businesses. It will acquire 55% shares of the subsidiary company by investing Tk11 crore, while the total project cost is Tk75 crore. The rest of the amount will come from bank loans. The new project will add Tk100 crore to its revenue and Tk24 crore to its profit annually. Its share price jumped over 120% to Tk48 between June and October at the Dhaka Stock Exchange. At the end of Monday’s trading session, its share closed at Tk43.40.

Source: https://www.tbsnews.net/economy/stocks/saif-powertec-enter-gas-oil-exploration-business-first-private-firm-343195

StanChart arranges Green Zero-Coupon Bond for Sajida Foundation

Standard Chartered Bank has arranged the first Green Zero-Coupon Bond in Bangladesh for Sajida Foundation. The total face value of the bond is Tk 1,000 million. The proceeds of the bond will be utilised to finance lending to different environmentally friendly and energy-efficient initiatives of the micro-credit and SME clients of Sajida Foundation. The announcement of the bond was made at a ceremony at the head office of Bangladesh Securities and Exchange Commission (BSEC) in the city, with its Chairman Prof Shibli Rubayat-Ul-Islam as the chief guest. Sajida Foundation will use the proceeds to finance expansion of their microcredit and SME lending portfolio, through investing in new and existing projects with environmental benefits. The issuance of this security will provide Sajida Foundation with an alternative source of fund, compared to a conventional term loan. Standard Chartered was the mandated lead arranger for the transaction.

Source: https://today.thefinancialexpress.com.bd/trade-market/stanchart-arranges-green-zero-coupon-bond-for-sajida-foundation-1639412674

40 listed cos win 8th ICSB National Award

A total of 40 companies listed on Dhaka Stock Exchange and Chittagong Stock Exchange have received the 8th ICSB National Award for corporate governance excellence 2020. Institute of Chartered Secretaries of Bangladesh (ICSB) honoured the companies on Sunday night at a ceremony held at a city hotel. The companies were selected for the award under 13 categories taking into account their corporate fairness, transparency and accountability in the overall management of their team during the year 2020. Among the awardees in the General Banking category, BRAC Bank achieved Gold while Eastern Bank and Dutch-Bangla Bank obtained Silver and Bronze respectively. In the Islami Banking category, Shahjalal Islami Bank bagged Gold award while Islami Bank Bangladesh and Social Islami Bank received silver and bronze award respectively.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/40-listed-cos-win-8th-icsb-national-award-1639410513

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 35,650.95
↓ 320.04↓ 0.89 %
FTSE100$ 7,231.44↓ 60.34↓ 0.83 %
Nikkei 225$ 28,332.98↓ 307.51↓ 1.07 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 70.87↓ 0.42↓ 0.59 %
Crude Oil (Brent)$ 74.00↓ 0.39↓ 0.52 %
Gold Spot$ 1,786.30↓ 0.37↓ 0.02 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 85.8000
GBP 1BDT 113.8995
EUR 1BDT 97.0827





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