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 22, 2022

Govt’s borrowing from banks spikes

Government borrowing from banking sources has gone up significantly this month as it is now on a spending spree to materialise different development and non-development programmes by the time this fiscal year ends. The government had borrowed Tk 26,741 crore from banks from July 1 to May 26 of fiscal year 2021-22 against its fiscal target of Tk 76,452 crore. But by June 14, the figure had gone up to Tk 41,444 crore, meaning it had borrowed Tk 14,703 in a span of just 19 days. Tax collection stood at Tk 227,756 crore until April against this fiscal year’s target of Tk 330,000 crore, showed data from the NBR. In addition, investment in national savings certificates has declined to a large extent as the government introduced investment slabs and slashed the interest rate anywhere from 1 percentage point to 3 percentage points on different savings tools last year.

Source: https://www.thedailystar.net/business/economy/news/govts-borrowing-banks-spikes-3053346

BSEC allows ONE Bank’s Tk 4.0b subordinated bond

The stock market regulator has approved ONE Bank’s proposal to raise Tk 4.0 billion through issuance of seven years floating rate subordinated bonds to raise Tier-2 capital of the bank. The approval came at a meeting of Bangladesh Securities and Exchange Commission (BSEC) held on Tuesday. Chairman of BSEC Prof Shibli Rubayat-Ul-Islam presided over, said a BSEC statement. As per the BSEC approval, the bank will float unsecured, non-convertible, fully redeemable, floating rate subordinated bonds worth Tk 4.0 billion through private placement. The per unit price of the bond is Tk 10 million which will be issued to the local financial institutions, insurance companies, institutional investors, high net worth individual investors through private placement. The board of directors has recommended a 5.0 per cent stock dividend for the year ended on December 31, 2021. In 2020, the bank disbursed 6.0 per cent cash and 5.50 per cent stock dividend. The bank’s paid-up capital is Tk 9.34 billion and authorised capital is Tk 10 billion while the total number of securities is 934.04 mllion.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/bsec-allows-one-banks-tk-40b-subordinated-bond-1655833493

Dutch co to invest $10.5m in BEPZA economic zone

Checkpoint System Bangladesh Limited-Unit 2, a Netherlands-owned company, is going to establish a garments accessories manufacturing industry in the BEPZA Economic Zone, reports BSS. The company will invest US$ 10.52 million to produce 1,319 million units of different types of Hang Tag, tickets, stickers and labels annually, said a press release. A total of 274 Bangladeshi nationals will get employment opportunities in this factory. An agreement to this effect was signed between Bangladesh Export Processing Zones Authority (BEPZA) and Checkpoint System Bangladesh Ltd.-Unit 2 at the BEPZA Complex in the city on Tuesday. Checkpoint System Bangladesh Limited-Unit 2 would be the second enterprise under the same ownership in the industrial zones operated under BEPZA. Their first one, Checkpoint Systems Bangladesh Limited, has been operating since 2009 in Adamjee EPZ.

Source: https://today.thefinancialexpress.com.bd/trade-market/dutch-co-to-invest-105m-in-bepza-economic-zone-1655833048

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 30,530.25
↑ 641.47↑ 2.15 %
FTSE100$ 7,152.05↑ 30.24↑ 0.42 %
Nikkei 225$ 26,207.16↓ 39.15↓ 0.15 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 105.72↓ 3.80↓ 3.47 %
Crude Oil (Brent)$ 110.96↓ 3.69↓ 3.22 %
Gold Spot$ 1,827.67↓ 5.31↓ 0.29 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 92.9000
GBP 1BDT 113.8397
EUR 1BDT 97.6658

*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