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 17, 2023

BSEC moves to form Islamic capital market

The Bangladesh Securities and Exchange Commission has moved to launch a separate market – Islamic capital market – in order to allow trading of Sharia-based securities in compliance with Islamic laws. The Bangladesh Securities and Exchange Commission made the announcement in a statement on Monday. BSEC officials said that Islamic capital market (ICM) would operate as a parallel market to the conventional one. Trading under the ICM would be carried out in ways that do not conflict with principles of Shariah laws, they said. To achieve the goal, the commission formed a-nine member advisory council committee to develop the market. The commission made it mandatory to form a nine-member Shariah advisory council consisting five Shariah scholars and four experts as per the Bangladesh Securities and Exchange Commission (Securities Market Shariah Advisory Council) Rules 2022. Mohammad Abdur Rashid was made chairman of the Shariah advisory council. Besides, Mufti Shahed Rahmani, Mufti Yousuf Sultan, Islamic Foundation deputy director Mufti Waliur Rahman Khan and Mawlana Shah Mohammad Wali Ullah are the five Shariah scholars. Finance and banking expert Abu Taleb, legal expert AKM Nurul Fazal Bulbul, accounting expert Md Nazim Uddin Bhuya and capital market expert Mezbah Uddin Ahmed are the four experts.

Source: https://www.newagebd.net/article/191858/bsec-moves-to-form-islamic-capital-market

Matarbari deep-sea port to open in 2026

State Minister for Shipping Khalid Mahmud Chowdhury yesterday hoped for a part of the Chattogram port’s Bay Terminal to become operational from early 2026 while the Matarbari deep-sea port either from the middle or end of that year. He also hoped for the Chattogram port’s Patenga Container Terminal to be operational very soon as around 97 per cent of its construction was complete. He was addressing as chief guest a ceremony marking the first time a Chattogram port jetty has been able to accommodate a 200-metre vessel with a 10-metre draught. The vessel, MV Common Atlas, berthed at jetty no 1 of Chittagong Container Terminal (CCT) on Sunday afternoon.

Source: https://www.thedailystar.net/business/economy/news/matarbari-deep-sea-port-open-2026-3223071

Banks bet for deposit boost to replenish liquidity

Commercial banks have started pursuing their fresh deposit-alluring strategy as the newly monetary policy is changing the equations in the country’s banking system for uncapping interest. In the monetary policy statement or MPS unveiled Sunday Bangladesh Bank (BB), the country’s central bank, removed the deposit floor rate cap and increased banks’ lending-rate ceiling on consumer credits up to 3.0-percentage points to 12 per cent. The minimum deposit rate was the average of three months’ inflation rate, and the consumer credit refers to personal loan, and loan on car, real estate, education etc. Under such circumstances, bankers think, banks having liquidity shortfall would go for offering higher rates to grow deposits while banks with enough funds would go for lower interest rates in their deposit-driving strategy. “We’re now planning to review our deposit-attracting strategy. We’re now observing the situation,” Managing Director and Chief Executive Officer (CEO) of Social Islami Bank Limited (SIBL) Zafar Alam told the FE. Hailing the decision on withdrawing deposit floor rate and relaxing the lending-rate cap on consumer goods, he said the depositors, specially the retired persons, would get benefited in the form of getting more returns on their investment in banks. “Like the consumer credits, I think the BB can now consider lifting lending-rate cap on other areas,” the banker added.

Source: https://thefinancialexpress.com.bd/economy/banks-bet-for-deposit-boost-to-replenish-liquidity-1673923542

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,302.61
↑ 112.64 ↑ 0.33%
FTSE100$ 7,860.07 ↑ 16.00 ↑ 0.20%
Nikkei 225$ 26,157.73 ↑ 335.41↑ 1.30%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 79.31 ↓ 0.55↓ 0.69%
Crude Oil (Brent)$ 84.69 ↑ 0.23↑ 0.27%
Gold Spot$ 1,911.36 ↓ 4.66↓ 0.24%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 107.0000
BDT 107.0000

*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