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 24, 2021

12 fuel, power companies see profit rise

welve out of the country’s 22 listed fuel and power companies saw profits increase year-on-year in the first nine months of the ongoing fiscal year thanks to the rebounding of the economy. The United Power Generation & Distribution Company logged the highest, Tk 859 crore, followed by Summit Power, Power Grid Company of Bangladesh, and Titas Gas Transmission & Distribution Company, between July 2020 and March 2021, according to their financial reports. Explaining the increase, Abdul Wadud, managing director of Summit Power, the country’s largest independent power producer, highlighted that from early 2020 international prices of liquefied natural gas (LNG) had been increasing almost continuously. At present, Bangladesh has a power generation capacity of 22,023 megawatts (MW), over 50 per cent of which is of the private sector. Listed power companies have 35 plants, of which 21 are gas-based while the rest heavy fuel oil. Yesterday power generation peaked at 9,409 MW during the day and 11,276 MW at night, shows Bangladesh Power Development Board data. On the same date in 2019, it was 9,641 MW and 12,063 MW respectively. Market capitalisation of the fuel and power sector at Dhaka Stock Exchange (DSE) is now Tk 46,866 crore, which was 9.15 per cent of its total. It was Tk 42,775 crore last November. However, sales growth in the year is still low, between 3 per cent and 4 per cent, he said, adding that the growth was 15 to 16 per cent in previous years.

Source: https://www.thedailystar.net/business/news/12-fuel-power-companies-see-profit-rise-2116969

First green sukuk gets BSEC nod

Bangladesh’s first green sukuk has got the nod from the Bangladesh Securities and Exchange Commission (BSEC) to raise Tk 3,000 crore in funds. Of the Tk 3,000 crore, Tk 2,250 crore will be raised through private placement and the rest through initial public offering (IPO). Of the Tk 2,250 crore, Tk 750 crore will be raised from existing shareholders and Tk 1,500 crore from other investors. The face value of the sukuk is Tk 100 and it would require a minimum subscription of Tk 5,000. Its minimum periodic distribution rate is 9 per cent. Korotoa Solar is a joint venture between Beximco Power and the Jiangsu Zhongtian Technology Company. According to a 20-year agreement, the BPDB will buy electricity from Korotoa Solar’s plant at $0.14 per kilowatt hour. City Investments Capital Resources is the issue manager of the sukuk. In December last year, the government issued Tk 8,000 crore sukuk for a safe water supply project. At yesterday’s meeting, the BSEC also approved the IPO of Union Insurance Company to raise Tk 19.36 crore. The meeting also approved a draft of Shanta Fixed Income Fund, which primarily aims for Tk 10 crore. Of the fund, Tk 1 crore would come from Shanta Asset Management and rest would be open for general investors.

Source: https://www.thedailystar.net/business/news/first-green-sukuk-gets-bsec-nod-2116945

Global supermarkets pay 123pc higher dividend

Major global supermarkets have reported a 123 per cent spike in dividend payouts during the first eight months of Covid-19 pandemic as no restrictions were imposed on essential services which allowed such businesses to operate round the clock, reports The Express Tribune in Pakistan. According to a report released by Oxfam on Tuesday, dividend payouts by prominent international superstores rose to $22.3 billion during the first eight months of the pandemic against $10 billion in the corresponding period of previous year. Privately-owned supermarkets in Germany and the Netherlands also profited from extra sales during this period but due to lack of financial reporting by a majority of the firms, it was unclear who benefitted from the earnings. Market capitalisation of the listed supermarkets rose by $101 billion (between March and December 2020) compared to an increase of $75 billion in 2019.

Source: https://today.thefinancialexpress.com.bd/trade-market/global-supermarkets-pay-123pc-higher-dividend-1624471725

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,874.24
↓ 71.34↓ 0.21 %
FTSE100$ 7,074.06↓ 15.95↓ 0.22 %
Nikkei 225$ 28,880.32↑ 5.43↑ 0.02 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 73.18↑ 0.10↑ 0.14 %
Crude Oil (Brent)$ 75.28↑ 0.09↑ 0.12 %
Gold Spot$ 1,775.24↓ 3.44↓ 0.19 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8000
GBP 1BDT 118.2706
EUR 1BDT 101.2342





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