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 July 13, 2021

BB allows banks to conduct CSR thru’ SenaKalyanSangstha

Bangladesh Bank (BB) has allowed banks to conduct their corporate social responsibility (CSR) activities through Sena Kalyan Sangstha. Separate accounts need to be maintained for conducting special operations through the Sena Kalyan Sangstha. At present, under the strict lockdown announced by the government, all types of public transport have been stopped and public movement has been stopped except for urgent needs. As a result, it is hoped that the special funds created by banks will be disbursed through the Sena Kalyan Sangstha to reach the doorsteps of the people faster and more effectively.

Source: https://today.thefinancialexpress.com.bd/trade-market/bb-allows-banks-to-conduct-csr-thru-sena-kalyan-sangstha-1626105669

BeximcoSukuk bond subscription opens from 17 August

Beximco also set the subscription date from 25 July to 26 August for its existing shareholders. To entitle the shareholders, the record date has been set for 19 July.The listed company will privately place Sukuk units worth Tk2,250 crore, of which Tk750 crore will be offered to the company’s existing shareholders, and Tk1,500 crore to other investors. Besides, Sukuk units worth Tk750 crore would be floated in an IPO. The Sukuk units having a face value of Tk100 each will have to be subscribed in a lot of 50 units or multiples that would amount to at least Tk5,000. Earlier, the company secured the regulatory approval to originate its Tk3,000 crore Sukuk, Islamic asset-backed securities.Investment Corporation of Bangladesh is the trustee of the Sukuk, while City Bank Capital Resources Ltd and Agrani Equity and Investment Ltd are jointly working as issue managers.

Source: https://www.tbsnews.net/economy/stocks/beximco-sukuk-bond-subscription-opens-17-august-273982

Banks can give up to 70% loan for laptop, mobile purchase

Under consumer loans category, banks will be able to provide a maximum of 70% loans to customers for the purchase of digital devices, including laptops, mobiles, computers, and tabs. In this case, consumers have to provide the remaining 30% capital.According to the circular, banks will be able to disburse a loan-margin ratio of 70 to 30 instead of the existing 30 to 70 in the case of distribution of consumer loans for digital device purchases.This instruction will take effect immediately and will remain in force until further instructions. The circular states that the directive was issued under the powers conferred by Section 45 of the Banking Companies Act, 1991.

Source: https://www.tbsnews.net/economy/banking/banks-can-give-70-loan-laptop-mobile-purchase-273919

Emerald Oil to resume production counting on exports to Japan

Emerald Oil Industries Ltd, the producer of the almost forgotten Spondon branded rice bran oil, has announced to resume its commercial production on 1 September as a Japanese investor is set to take care of the company’s finances and also help its potential exports to Japan alongside serving the local market. The company halted its production in 2017 due to a shortage of working capital following its founders’ loan scam, getting arrested and finally fleeing the country. The listed company on Monday announced that its newly constructed board of directors decided to resume full-fledged production with daily rice bran inputs of 330 tonnes against which the daily edible oil output would be 48 tonnes alongside 282 tonnes of de-oiled rice bran.A member of the company’s reconstructed board told TBS on Monday that Minori Bangladesh Ltd would inject Tk45 crore to provide the company with working capital. The investor firm would get the sponsors’ 30% stake in the listed company, if they take the responsibility to repay the defaulted loans.However, its shareholders were unlucky as the sponsors’ loan scam hit the firm’s business continuation too, despite the fact that many foreign brands are selling a lot of rice bran oil in the growing market of urban Bangladesh.

Source: https://www.tbsnews.net/economy/corporates/emerald-oil-resume-production-counting-exports-japan-273955

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,996.18
FTSE100$ 7,125.42↑3.54↑0.05%
Nikkei 225$ 28,768.24↑199.22↑0.70%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 74.31↑0.21↑0.28%
Crude Oil (Brent)$ 75.35↑0.19↑0.25%
Gold Spot$ 1,808.93↑2.65↑0.15%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8030
GBP 1BDT 117.9016
EUR 1BDT 100.7205





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