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 23, 2021

BSEC appoints special auditor to find out reasons

The Bangladesh Securities and Exchange Commission (BSEC) has appointed a special auditor for Delta Life Insurance Company to assess the firm’s health. The move comes following allegations of regulatory breaches by the listed insurer. The Insurance Development and Regulatory Authority (IDRA) appointed Sultan-ul-abedin Mollah as an administrator of Delta Life Insurance on February 11. The IDRA said they took this initiative to protect the policyholders’ interests and submit a report on the company’s situation within four months. Earlier, Delta Life Insurance accused IDRA Chairman M Mosharraf Hossain of seeking Tk 50 lakh in bribes to approve the reappointment of the company’s CEO and renewing the actuarial valuation basis. The press briefing was organised at the BSEC headquarters yesterday by the stock market regulator on the roadshow held from February 9 to 12 in Dubai.

Source: https://www.thedailystar.net/business/news/bsec-appoints-special-auditor-find-out-reasons-2049629

DSE turnover nosedives to seven-month low

Stocks nosedived yesterday when the market’s turnover reached a seven-month low due to a confidence crisis among investors. DSEX, the Dhaka Stock Exchange’s (DSE) benchmark index, dropped 90.77 points, or 1.65 per cent, to 5,385.21. Turnover, an important indicator of the stock market, was downed by 32 per cent, to Tk 467 crore. The last time it was so low was on July 29, 2020 when turnover reached Tk 399 crore. The index has been overcast for the last couple of weeks, so many stock prices were a source of losses for investors which ultimately had an impact on confidence. The turnover’s fall proves that institutional investors are now not active in the market. In the DSE, 23 stocks rose, 219 declined and 101 remained unchanged. Alhaj Textile Mills topped the gainers’ list rising 10 per cent, followed by Intech, Walton Hi-tech Industries, Unilever Consumer Care and the Mithun Knitting and Dyeing. Beximco topped the turnover list with trade worth Tk 105 crore followed by Robi Axiata, British American Tobacco Bangladesh, LankaBangla Finance and Beximco Pharmaceuticals. Prime Finance First Mutual Fund shed the most dropping 6.50 per cent followed by Mir Akhter Hossain, Robi Axiata, Jute Spinners and Sandhani Life Insurance Company. Meanwhile the port city bourse also dropped. The CASPI, the Chittagong Stock Exchange’s (CSE) general index, fell 256 points, or 1.61 per cent, to 15,564.99. Among 186 stocks to witness trade, 26 rose, 122 dropped and 38 remained the same.

Source: https://www.thedailystar.net/business/news/dse-turnover-nosedives-seven-month-low-2049609

Govt releases Tk 16.83 billion cash incentives for exporters

The government has released Tk 16.83 billion (1,683 crore) for the payment of cash incentives to local exporters against their export receipts. It is the 3rd instalement of cash incentives for the January-March period of the current fiscal year. Export-oriented sectors, including readymade garment (RMG), frozen shrimp and others such as fish, leather items, jute and jute products, would receive the incentives, according to a circular issued by the Finance Division on Monday. Of the amount, Tk 2.50 billion (250 crore) would be distributed for the jute sector while Tk 14.33 billion (1,433 crore) for other sectors. Besides, a special 1.0 per cent cash incentive support fund for the RMG industry has also been included in the installment. The government provides cash incentive facilities for exporters in more than 35 categories.

Source: https://today.thefinancialexpress.com.bd/trade-market/govt-releases-tk-1683-billion-cash-incentives-for-exporters-1614010247

BD Business Research & Dev Council launched

Bangladesh Business Research and Development Council (BBRDC), an organisation with a focus on trade and business research, officially started its journey in Chattogram city. Some young researchers and journalists came up with the initiative, which was inaugurated through a programme at a hotel in the port city in the morning. Speaking on the occasion, BBRDC founder Priyo Ranjan Dey said they had launched the organisation with a view to conducting research on trade and business.

Source: https://today.thefinancialexpress.com.bd/trade-market/bd-business-research-dev-council-launched-1614010215

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 31,521.69
↑ 27.37↑ 0.09 %
FTSE100$ 6,612.24↓ 11.78 ↓ 0.18 %
Nikkei 225$ 30,156.03↑ 138.11↑ 0.46 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 61.49 ↑ 2.25↑ 3.80 %
Crude Oil (Brent)$ 66.19↑ 0.95↑ 1.46 %
Gold Spot$ 1,812.81↑ 3.14↑ 0.17 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8050
GBP 1BDT 118.8796
EUR 1BDT 102.7921





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