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 January 05, 2023

Forex borrowing thru offshore banking to continue

Placement of funds from offshore banking operations (OBOs) with domestic banking units will continue to facilitate import payment, at this hour of foreign-exchange crisis worldwide.The central bank Wednesday extended time for fund transfer from OBOs to facilitate settlement of import payments for capital machinery, industrial raw materials and imports by the government.The facility will remain valid till June 30, 2023, according to a circular issued by foreign- exchange investment department of the Bangladesh Bank and signed by its director HusneAraShikha.This relaxation will help mitigate the ongoing dollar crisis to some extent, a central bank official told the FE, seeking anonymity.This will help in collecting dollar and mitigate dollar shortages. OBOs operate their activity under the central bank guidelines and they usually take deposits and lend through foreign currencies.Earlier, Bangladesh Bank had extended the facility up to December 31, 2022.But such placement of funds into domestic banking units will not exceed 25 per cent of a bank’s regulatory capital.However, a number of bankers feel such facilities usually would not help much on-shore banking.

Source: https://thefinancialexpress.com.bd/economy/forex-borrowing-thru-offshore-banking-to-continue-1672887092

Alternative trading board launched for Dhaka bourse

An alternative trading board (ATB) was launched for the stock market yesterday to facilitate the secondary trading of non-listed companies, corporate bonds, open-ended mutual funds, and exchange-traded funds. Prof ShibliRubayat-Ul-Islam, chairman of the Bangladesh Securities and Exchange Commission (BSEC), inaugurated the ATB at a ceremony held at the Dhaka Stock Exchange (DSE) auditorium. Stocks of LankaBangla Securities, a non-listed brokerage company, and bonds of Pran Agro were available at the newly launched board on the first day of the trading. Investors will be able to digitally buy and sell the shares that are listed with the ATB. For listing with the ATB, there is no lower limit of paid-up capital. So, any non-listed companies who are registered with the Registrar of Joint Stock Companies and Firms (RJSC) can be listed on the board.

Source: https://www.thedailystar.net/business/economy/news/alternative-trading-board-launched-dhaka-bourse-3213016

India assures Bangladesh of providing energy support

State Minister for Power, Energy and Mineral Resources Nasrul Hamid today said Indian power and petroleum ministers assured of providing support to Bangladesh’s energy and power sector.”We have conducted two separate meetings successfully, as the two ministers assured of extending their cooperation to Bangladesh’s power and energy sector,” he told journalists after the meetings at Bangladesh High Commission conference room in Dhaka.Nasrul Hamid met Petroleum and Natural Gas and Housing and Urban Affairs Minister Hardeep Singh Puri and Power and Minister of Power Raj Kumar Singh respectively.He said that discussions were held about the plan of the Numerigar oil pipeline inauguration by this year with the presence of two prime ministers.The state minister informed journalists that Bangladesh wants to import fuel from Indian in a large volume, adding, “Meanwhile, we are importing oil from India in a small scale. LNG pipeline installation process is underway from India to Khulna, which will be installed by H Energy”.

Source: https://www.thedailystar.net/business/global-economy/news/oil-price-falls-3212046

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
↑133.40 ↑0.40%
FTSE100$7,585.19 ↑ 31.10↑ 0.41%
Nikkei 225$25,835.44 ↑118.58 ↑0.46%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$73.77 ↑0.93↑1.28%
Crude Oil (Brent)$78.78 ↑0.94 ↑1.21%
Gold Spot$1,851.17↓3.39↓ 0.18%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 104.5000
BDT 107.5000

*World Commodities & Local and Global Stock Indices data are taken from bloomberg.com<

* Exchange Rates are taken from BB website, as on latest update.<




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