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 15, 2021

BB offers Tk 1,000cr to save ailing cinemas

Bangladesh Bank yesterday declared a Tk 1,000 crore fund aimed at salvaging the country’s ailing movie theatres. Existing owners of cinemas and new entrepreneurs will be able to avail soft loans from the fund, according to a central bank notice. The initiative comes from the banking regulator as the number of operational cinemas slumped below 100 due to a drastic fall in the number of audiences. In its notice, Bangladesh Bank said there were around 1,400 movie theatres in the country during the 90s. The number has been on the decline over the years due to different hurdles. Under the central bank programme, banks will take out funds at 1.5 per cent interest while the end-users of metropolitan areas will get it at 5 per cent interest. However, clients outside metropolitan areas can avail the fund at 4.5 per cent interest. Borrowers will get a repayment tenure of eight years, including a one-year grace period. The central bank formed the scheme by way of using its own funds and will initially disburse Tk 500 crore. Currently, there are 300 movie theatres in the country. Of them, 60-70 are currently operational. The pandemic was a further blow to the halls as they lost audiences further because of the prolonged restriction on public movement that lasted between March 15 to October 15.

Source: https://www.thedailystar.net/business/news/bb-offers-tk-1000cr-save-ailing-cinemas-2045093

BATBC leads drop in stock index

Stocks of British American Tobacco Bangladesh (BATBC) led the market fall yesterday despite its earlier announcement of 600 per cent cash and 200 per cent stock dividends. DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), dropped 37 points, or 0.68 per cent, to 5,557 yesterday. As the company’s stock price is still over TK 1,600 and it announced 200 per cent stock dividends with the floor price set at Tk 907.60 on March 19 last year, the adjusted price must go lower than the floor price, he said, adding the confusion about BATBC’s adjusted price influenced the change in its value. BATBC’s dividend announcement was published on the DSE website last Thursday, when its stock price rose 12 per cent to Tk 1,700. Yesterday the multinational cigarette maker’s stock fell 5.96 per cent to Tk 1,599. Last year, the company logged profits of about Tk 1,088.6 crore, up 36.9 per cent year-on-year. BATBC declared the bonus shares by considering the utilization of its accumulated profit, which stood at Tk 3,213 crore for the year that ended on December 31 of 2020, the company said in a disclosure on the DSE website. Delta Spinners topped the gainers’ list, rising 9.85 per cent followed by Keya Cosmetics, Taufika Foods and Agro Industries, Beximco and Beximco Pharmaceuticals. Beximco topped the turnover list, trading worth Tk 217 crore followed by BATBC, Beximco Pharmaceuticals, Robi Axiata and LankaBangla Finance. Prime Insurance shed the most, falling 9.65 per cent followed by Federal Insurance, Peoples Insurance, City General Insurance, and United Insurance.

Source: https://www.thedailystar.net/business/news/batbc-leads-drop-stock-index-2045089

Tk 946cr project to beef up rural internet network

The government is going to expand the Internet Protocol (IP) network of the Bangladesh Telecommunications Company Limited (BTCL) with an aim to expand broadband network to upazila and union levels. The development comes as a part of the government’s efforts to meet the country’s growing data demand. The Tk 945.90 crore project will also enhance the capacity of the state-owned company, enabling it to install and modernise the IP equipment in each district, upazila and union parishad as well as increase the capacity of its international internet gateways (IIGs) and national internet exchanges (NIXs). Matin went on to say that the project aims to increase the BTCL’s broadband capacity to 100 gigabytes per second (gbps) in upazila levels, 300 gbps in district levels, 400 gbps in divisional levels and over 1,000 gbps in the capital. Currently, BTCL can provide 10 gbps data in district levels. However, it increased its highest capacity from 137 gbps in 2019 to 400 gbps now. The number of connections witnessed a leap in March, when Bangladesh reported its first coronavirus infection, adding over 23 lakh new subscribers in one month.

Source: https://www.thedailystar.net/business/news/tk-946cr-project-beef-rural-internet-network-2045077

37 apparel makers investing $650m in Bangabandhu Shilpa Nagar

Some 37 local textile and garment manufacturers have started investing in Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) to establish high-end apparel factories. Together they plan to invest $650 million. A few have already availed industrial plots at the park, which was built on reclaimed land in the Bay of Bengal, signing a 50-year lease. Bangladesh Economic Zones Authority (Beza) has been developing the allocated plots by providing them with access to gas, power, water, sewage lines and other utilities. The government has been developing the country’s largest industrial park, the BSMSN, on 30,000 acres of land, of which more than 80 per cent was reclaimed from the Bay of Bengal at Chattogram. Some 37 garment entrepreneurs have received their industrial plots so far as they have already paid 50 per cent or 100 per cent of the price

Source: https://www.thedailystar.net/business/news/37-apparel-makers-investing-650m-bangabandhu-shilpa-nagar-2045097

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 31,458.40
↑ 27.70↑ 0.09 %
FTSE100$ 6,589.79↑ 61.07↑ 0.94 %
Nikkei 225$ 29,867.18↑ 347.11↑ 1.18 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 60.75 ↑ 1.28↑ 2.15 %
Crude Oil (Brent)$ 63.53 ↑ 1.10↑ 1.76 %
Gold Spot$ 1,826.21↑ 1.98↑ 0.11 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8005
GBP 1BDT 117.4317
EUR 1BDT 102.7952





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