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 February 14, 2021

Dev spending lowest in 5yrs

Government agencies could spend 28.45 per cent or Tk 61,048 crore allocated for development projects in July-January of the current fiscal year — the lowest in the last five years, according to the Implementation Monitoring and Evaluation Division (IMED). Spending on development projects fell 11 per cent year-on-year to Tk 61,048 crore in the first seven months of the fiscal year, a result of the government’s go-slow approach towards low priority schemes. Expenditure from the state coffer dropped by 16 per cent year-on-year to Tk 39,342 crore in this fiscal year’s July-January period, when the pandemic-induced economic slowdown affected revenue collection.Spending from foreign funds also declined marginally during the period. The government allocateed Tk 214,611 crore to spend for development projects for the fiscal year 2020-21.The religious affairs ministry could spend 74 per cent of Tk 884 crore of the development schemes for the ongoing fiscal year that will end in June. The IRD spent only 1.80 per cent of the allocation of Tk 438 crore in the same period.The power division used up 38 per cent of Tk 27,297 crore allocated for development projects for the fiscal year. The health services division could spend only 17 per cent of the total outlay of Tk 9,736 crore.

Source: https://www.thedailystar.net/business/news/dev-spending-lowest-5yrs-2044517

Janata Bank mobilisesTk 43.96b deposits in Rajshahi div

Janata Bank Limited has mobilised deposits worth Tk 43.96 billion (Tk 4,396 crore) against the target of Tk 40.70 billion (Tk 4,070 crore) in 2020, despite the adverse impact of Covid-19 pandemic situation in Rajshahi division, reports BSS. The bank collected deposits of Tk 36.10 billion (Tk 3,610 crore) in 2019. It made a profit of Tk 821.5 million (Tk 82.15 crore) in 2020, while the profit figure was Tk 699.2 million (Tk 69.92 crore) in 2019. In 2020, 145 branches among the total 148 in the division made profit, while the number of profit-making branches was 143 in the previous year.Seven Area Heads, 148 branch managers and other officials concerned joined the conference. Abdus Salam Azad urged the branch managers to perform their duties with utmost sincerity and honesty to attain targets in all the indicators in the current year.

Source: https://today.thefinancialexpress.com.bd/trade-market/janata-bank-mobilises-tk-4396b-deposits-in-rajshahi-div-1613228930

Fund Transfer from Standard Bank to bKash thru’ SBL DigiBankingApp

From now, all customers of Standard Bank Limited will be able to transfer fund instantly from their SBL account to any bKash account 24/7 from anywhere by using mobile banking app “SBL DigiBanking”. The “Fund Transfer” service was inaugurated at a function at the bank’s head office in the city recently.

Source: https://today.thefinancialexpress.com.bd/trade-market/fund-transfer-from-standard-bank-to-bkash-thru-sbl-digibankingapp-1613229029

Orion Pharma declares 10pc cash dividend

Orion Pharma has declared 10 per cent cash dividend for the financial year ending on June 30, 2020. The declaration came at its 55th annual general meeting through a digital platform in December last year, said the pharmaceutical company in a statement. Shareholders unanimously approved audited financial statements for financial year 2019-20 which were presented at the meeting.

Source: https://www.thedailystar.net/business/news/orion-pharma-declares-10pc-cash-dividend-2044441

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 31,458.40
FTSE100$ 6,589.79↑61.07↑0.94%
Nikkei 225$ 29,520.07↓42.86↓0.14%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 59.47↑1.23↑2.11%
Crude Oil (Brent)$ 62.43↑1.29↑2.11%
Gold Spot$ 1,824.22↓1.29↓ 0.07% %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8005
GBP 1BDT 117.3385
EUR 1BDT 102.7782





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