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 20, 2022

Chattogram customs revenue continues to grow on high imports

Chattogram Customs House posted 32.42% growth in revenue receipts year-on-year in December 2021, fetching over Tk4,831 crore. On the other hand, the year-on-year revenue growth of the country’s premier customs station in the first six months of the current 2021-22 fiscal year stood at about 26%. Official data show the port city customs house collected over Tk27,284 in revenue in the July-December period of the ongoing fiscal year, while the figure was Tk21,664 crore in the corresponding period a year ago. Chattogram customs collected a record Tk51,577 crore in revenue in the 2020-21 financial year, posting 23.23% year-on-year growth despite the pandemic. He expects that revenue receipts will cross the 60,000 crore mark this year, if the current trend in imports continues. The customs house has set a target of collecting Tk64,075 crore in revenue in the current financial year, while the target for the July-December period of the year was set at Tk31,570 crore. In 2021, a record amount of goods was imported through Chattogram port. The port hit a new record in container handling as well.  According to official data, Chattogram port posted 13.19% growth in container handling, 14.06% growth in cargo handling, and 12.63% growth in ship handling in 2021 when compared with the previous year.

 Source: https://www.tbsnews.net/bangladesh/ctg-customs-revenue-continues-grow-high-imports-359710

Stocks keep gaining, low-cap issues dominate gainers’ list

Stocks extended the rally for the fifth consecutive session on Wednesday as the buoyant investors continued to put bets on sector specific issues. Following the previous day’s flat ending, the market opened on a positive note and the upward trend sustained until the end of the session. Finally, DSEX, the prime index of Dhaka Stock Exchange (DSE), went up by 33.72 points or 0.48 per cent to settle at 7,089. The core index added about 93 points in the past five trading days. Two other indices also ended higher with the DSE 30 Index, comprising blue chips, rising 18.35 points to finish at 2,617 and the Shariah Index (DSES) gained 2.58 points to close at 1,509. The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index – CASPI -gaining 92 points to settle at 20,751 and the Selective Categories Index – CSCX-advancing 55 points to close at 12,465.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/stocks-keep-gaining-low-cap-issues-dominate-gainers-list-1642611483

Dhaka Bank arranges Tk 520cr for Chandpur Power

Dhaka Bank Ltd has arranged Tk 520 crore for Chandpur Power Generations Ltd (CPGL), a sister concern of Doreen Group. The bank got Tk 340 crore ($40 million) export credit agency term loan from two Germany-based banks and Tk 180 crore from syndicated term loan for the project. This project is a heavy fuel oil-fired IPP power plant of 115 megawatts in Chandpur, which is now under implementation. Dhaka Bank, who is acting as the ‘lead arranger and agent’ for this transaction, arranged a financial closure ceremony of the syndicated term loan for the project at Renaissance Dhaka Gulshan Hotel recently. The bank has provided ECA loan for the transaction under HERMES Cover arranged from the consortium of Commerzbank AG, and AKA Ausfuhrkredit-Gesellschaft mbH of Germany. Emranul Huq, managing director of Dhaka Bank, Md Obayed Ullah Al Masud, managing director of Rupali Bank, Ahmed Ehsanul Karim, managing director of the SABINCO, Md Quamruzzaman Khan, deputy managing director of Sonali Bank and related others attended the programme.

Source: https://www.thedailystar.net/business/economy/banks/news/dhaka-bank-arranges-tk-520cr-chandpur-power-2943036

 Prime Bank to offer nano loans

The global trend of loan availability at one’s fingertips is gaining grounds in Bangladesh, this time with Prime Bank preparing to launch PrimeAgrim app, an AI-based instant digital nano loan platform. Customers whose salaries are of a specific range can avail up to 30 per cent of that as a loan within a few seconds through the app, which makes use of machine learning and alternative credit scoring. This service is available 24/7. A pilot project has already been run since November 8, 2021 with garment maker Ananta through which over 1,000 loans have been disbursed among garment workers. bKash users can now apply for the loan, ranging from Tk 500 to Tk 20,000, through its app, receive it instantly and repay it in three equal monthly instalments. Dhaka Bank is also set to disburse small-scale personal loans between Tk 10,000 and Tk 3 lakh to account holders without asking for paper documents.

Source: https://www.thedailystar.net/business/economy/banks/news/prime-bank-offer-nano-loans-2943106

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 35,028.65
↓ 339.82↓ 0.96 %
FTSE100$ 7,589.66↑ 26.11↑ 0.35 %
Nikkei 225$ 27,670.16↑ 202.93↑ 0.74 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 87.06 ↑ 0.10↑ 0.12 %
Crude Oil (Brent)$ 88.36↓ 0.08↓ 0.09 %
Gold Spot$ 1,839.09↓ 1.45↓ 0.08 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 86.00
GBP 1BDT 116.9342
EUR 1BDT 97.4294





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