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 June 15, 2022

ADB to lend $250m to improve social protection system

The Asian Development Bank (ADB) will provide US$250 million as a policy-based loan to further improve the social protection system in Bangladesh, thereby supporting the vulnerable population against socioeconomic challenges. According to the ADB, the loan is the second sub-programme of the Strengthening Social Resilience Program (SSRP) approved in 2021, which helped implement institutional and policy reforms that strengthened the inclusiveness and responsiveness of social protection in Bangladesh. The reforms will help Bangladesh bring at least 80 per cent of social protection programmes with cash-based benefits under a standardised and integrated management system with connection to the G2P platform by June 2023. As of 2021, ADB’s cumulative assistance to Bangladesh since 1973 amounted to about $48 billion through loans, grants, and co financing, it said, mentioning that the ADB’s active portfolio in the country stood at around $11 billion with 50 projects as of April 2022.

Source: https://today.thefinancialexpress.com.bd/last-page/adb-to-lend-250m-to-improve-social-protection-system-1655230323

Ecnec clears Tk 61b project

The Executive Committee of the National Economic Council (Ecnec) on Tuesday approved a project involving Tk 61.79 billion to enhance the electricity network in Dhaka and Mymensingh divisions. The total estimated cost of the 10 projects is Tk 108.86 billion (only additional costs of the revised ones were counted here), State Minister for Planning Dr Shamsul Alam told reporters after the meeting. Of the cost, Tk 51.43 billion will be borne from the government’s fund, while Tk 7.56 billion will come from the own funds of the organisations concerned and the rest Tk 49. 57 billion as project loans from foreign sources, he said. In terms of cost, the three largest new projects are Modernization and Capacity Enhancement of BREB Network (Dhaka-Mymensingh Division) project with an estimated cost of Tk 61.79 billion, Establishment of Rajshahi Medical University (RMU) with Tk 18.67 billion, and Modernization of Power Distribution-Smart Grids Phase-I with Tk 10.67 billion.

Source: https://today.thefinancialexpress.com.bd/last-page/ecnec-clears-tk-61b-project-1655230410

Social Islami Bank opened 10 new agent banking outlets

Social Islami Bank Ltd. has opened 10 new agent banking outlets. Chairman of the bank Dr Md Mahbub Ul Alam inaugurated the agent outlets as the chief guest virtually from the bank’s head office in Dhaka.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/social-islami-bank-opened-10-new-agent-banking-outlets-1655228656

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 30,364.83
↓ 151.91↓ 0.50 %
FTSE100$ 7,187.46↓ 18.35↓ 0.25 %
Nikkei 225$ 26,419.82↓ 210.04↓ 0.79 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 119.04↑ 0.11 ↑ 0.09 %
Crude Oil (Brent)$ 121.30↑ 0.13↑ 0.11 %
Gold Spot$ 1,815.54↑ 7.05↑ 0.39 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 92.3750
GBP 1BDT 112.2765
EUR 1BDT 96.3110

*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