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 26, 2020

A ‘youth cell’ under PMO is in order

A youth cell should be formed under the Prime Minister’s Office to effectively implement the action plan for youth development and reap the benefits of demographic dividends, Planning Minister MA Mannan said yesterday. The youth development programme will bring better outcome through coordination and cooperation among different ministries and divisions, he said while addressing a virtual discussion on “Youth budget framework: an appraisal”. The discussion was jointly organised by the South Asian Network on Economic Modeling (SANEM) and ActionAid Bangladesh. Some officials are preparing faulty development project proposals (DPPs), which get detected later, the minister said. So, a cell should be established to strongly monitor the preparation of the DPPs.Since 2010, the ministry has been receiving Tk 30,000 crore on average every year, which are used for youth development, said MdBelayet Hossain Talukdar, additional secretary of the secondary and higher education division. Integrity is highly needed to ensure quality education for the youth, he said. It is the young population who go abroad and send a good amount of remittance every year, said MdNazibul Islam, additional secretary of the expatriates’ welfare and overseas employment ministry.Around 60 per cent of the education system needs to be technical knowledge-based for a nation to develop, he said. Now the enrolment of technical education reached only 17 per cent against the target of 21 per cent by 2020 while in 2001 it was only 1 per cent, he said. The ministry is working with young women for their skills development to let them get involved in economic growth, said Ferdousi Begum, deputy secretary of the women and children affairs ministry.

Source: https://www.thedailystar.net/business/news/youth-cell-under-pmo-order-1936329

BM Energy (BD) Ltd gets ISO certification

BM Energy (BD) Limited, a renowned LPG operator in Bangladesh, has recently been certified with ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018, according to a press release. The company was certified after satisfying all the ISO requirements in quality management system, environmental management system and occupational health and safety management system respectively for their Cylinder Manufacturing Plant at Boalkhali, Chattogram and LPG Bottling Plant at Barabkunda, Chattogram. The certificates were issued by Stan Wright, director of Das Certification, UK on July 22, 2020. Das Certification, UK is a global provider of ISO certification services for various management system standards. BM Energy (BD) Ltd started marketing LPG Cylinder Product in Bangladesh under the brand name “BM LP GAS” from 2015. The company has been operating through two mother plants, one in Chattogram and other in Chalna and a satellite plant in Dhaka.

Source: https://today.thefinancialexpress.com.bd/trade-market/bm-energy-bd-ltd-gets-iso-certification-1595690550

MoA to buy 51,300 farm machines

The Ministry of Agriculture (MoA) has reached a final decision to provide the farmers with 51,300 farm machines under its mechanization project. The farm mechanization project worth Tk 30.2 billion is the biggest of its kind in the country under which farmers will get 50-70 per cent incentives to purchase 13 kinds of modern farm machines, ministry officials said. The project styled ‘Agricultural Mechanization through Coordinated Management’ has been taken up to help minimize production cost and boost crop output, said MoA secretary MdNasiruzzaman.The secretary also said it is a dream project for the country’s farm sector which could move the sector forward.The Planning Commission has also recently approved the project under which the farmers could purchase 15,500 units of combined harvesters dedicated for rice or wheat at 50-70 per cent of incentives. Under the project, farmers will also be able to buy 4,000 reapers, 2,000 reaper binders, 3,000 rice transplanters, 5,000 seeders, 5,000 power threshers, 5,000 maize shellers and 5,000 dryers. Farmers will also get 2,000 power sprayers, 500 power weeders, 3,000 potato diggers, 300 carrot washers and 1,000 potato chipmakers. Haor farmers could purchase a machine at maximum 70 per cent of incentives. Farmers in other regions could get machines at 50 per cent incentives, according to MoA.

Source: https://today.thefinancialexpress.com.bd/trade-market/moa-to-buy-51300-farm-machines-1595690234

The two-day long “Half Yearly Business Meet 2020” of Bank Asia Ltd. ended through digital platform on Saturday

The two-day long “Half Yearly Business Meet 2020” of Bank Asia Ltd. ended through digital platform on Saturday. Mr. A Rouf Chowdhury, Chairman of the bank, was the Chief Guest of the program. Mr. Rumee A Hossain, Chairman of Board Executive Committee, Mr. Dilwar H Choudhury, Chairman of Board Audit Committee, Prof. M. A. BaquiKhalily, Chairman of Board Risk Management Committee, Mr. Enam Chowdhury, MsRomanaRouf Chowdhury, Mr. AshrafulHaq Chowdhury, Mr. Md. AbulQuasem, directors of the Bank, Mr. Md. Arfan Ali, President & Managing Director seen.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/the-two-day-long-half-yearly-business-meet-2020-of-bank-asia-ltd-ended-through-digital-platform-on-saturday-1595689216

ShahjalalIslami Bank Limited (SJIBL) organized “Half-Yearly Business Conference-2020” on Saturday through a digital platform.

ShahjalalIslami Bank Limited (SJIBL) organized “Half-Yearly Business Conference-2020” on Saturday through a digital platform. The inaugural ceremony of the conference was presided over by Managing Director & CEO Mr. M. Shahidul Islam, while the Chairman of the Board of Directors of the Bank Mr. Md. SanaullahShahid was present as the Chief Guest.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/shahjalal-islami-bank-limited-sjibl-organized-half-yearly-business-conference-2020-on-saturday-through-a-digital-platform-1595689514

MTB digital fair brings all under one roof

As businesses increasingly go online to meet customers’ demand for home deliveries of all types of products due to the coronavirus outbreak, a recent five-day digital fair said to have brought them all together. Concluding on July 20, MTB Digital Lifestyle Fair 2020 is said to have offered the best combinations of products and services from home loans, appliances, furniture and automobiles to cattle and real estate.From among the partners, ABC Real Estate offered flats with a 10 per cent down payment. MTB customers who bought flats from building technology & ideas (bti) got complimentary furnished kitchens. Anwar Landmark provided up to 15 per cent discount on all its ongoing projects and Structural Engineers Tk 250 on every square feet. Assure Group, UPSL and Manama also provided different discounts on their products. Auto loan partners Toyota, Nissan, Hyundai, Ssangyong, KIA, Peugoet, Motors Garages and Renault offered discounts on different models of automobiles. Furniture carried discounts of up to 40 per cent from Athena’s, Hatil, Hatim, Isho, Navana, Nadia, Omega and Regal. Discounts on home appliances of ACI Electronics, Bosch, Konka, Gree, Esquire, iPhone, Samsung, Singer, Sony Rangs, Transcom Digital, Walton, Vision and oikko.com reached up to 64 per cent. MTB card holders bought cattle from Bengal Meat, Cowhaat, Daraz and PriyoShop.

Source: https://www.thedailystar.net/business/news/mtb-digital-fair-brings-all-under-one-roof-1936333

Md Ahsan-uzZaman reappointed as Midland Bank managing director

Md Ahsan-uzZaman has been re-appointed as managing director and CEO of Midland Bank (MDB) for another three-year term. Mr. Zaman joined the bank in July 2014 as CEO, the bank said in a statement yesterday.

Source: https://www.thedailystar.net/business/news/md-ahsan-uz-zaman-reappointed-midland-bank-managing-director-1936321

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DSEX4,080.94↑ 4.15↑ 0.10 %
DJIA$ 26,469.89
FTSE100$ 6,123.82↓87.62↓1.41%
Nikkei 225$ 22,751.61↓ 132.61↓ 0.58 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 41.34↑ 0.27↑0.66 %
Crude Oil (Brent)$ 43.34↑ 0.03↑0.07 %
Gold Spot$ 1,902.02↑14.58↑ 0.77 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.2100
GBP 1BDT 106.436
EUR 1BDT 96.9729
INR 1BDT 1.11367





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