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 27, 2021

Digital Bangladesh requires convergence of SMEs & ICT

Covid-19 has impacted all aspects of our lives and continues to do so in profound ways. As much as everyone talks about moving into the ‘new normal’ and adapting to all the seemingly alien protocols. The damage that has already been done needs a much extensive recovery plan through a thorough rebuilding observed corporate leaders of the country. According to them, especially for the small and medium-sized enterprises (SMEs) of Bangladesh, the pandemic came as an acid-test for calibre and capability. Organisations lost valuable time, resources, and profit because of not having sufficient backup plans for facing such predicaments. Particularly, digital technology and ICT solutions are helping distressed companies to get back on their feet; hence organisations that are providing such solutions have been able to create a significant difference in the scenario.

Source: https://today.thefinancialexpress.com.bd/trade-market/digital-bangladesh-requires-convergence-of-smes-ict-1624721405

Chinese firm Didi’s $4b IPO books covered on first day of bookbuild

An initial public offer (IPO) by China’s Didi Global Inc in New York to raise up to $4 billion has been fully covered on the first day of its bookbuild, even as some investors fear tougher rules could hit growth, sources with direct knowledge said. The offering will be the biggest US share sale by a Chinese company since Alibaba raised $25 billion in 2014 and is likely to be the biggest US IPO this year. The ride-hailing giant did not respond to a request for comment on its bookbuilding exercise, set to run until Tuesday, when pricing will be set after the close of the US market. Didi’s targeted valuation is less than an initially expected range of $80 billion to $100 billion because potential investors expressed concern over its growth prospects and the chance of tighter regulation of Chinese tech firms. Didi set a price range of between $13 and $14 per American Depositary Share (ADS), a regulatory filing showed on Thursday, and said it would offer 288 million such shares in the IPO. At the top of the range, the deal will raise $4.03 billion.

Source: https://www.thedailystar.net/business/global-business/news/chinese-firm-didis-4b-ipo-books-covered-first-day-bookbuild-2118917

NRBC Bank approves 12.5pc dividend

The 8th Annual General Meeting (AGM) of NRBC Bank Limited was held on Saturday on a digital platform. The shareholders present in the AGM approved 12.5 per cent consisting of 5 per cent stock and 7.5 per cent cash dividend for the year ended 2020. NRBC Bank experienced tremendous growth in all financial parameters in 2020 amid Corona Virus pandemic situation. Bank’s deposit increased by 25 per cent from Tk 71.85 billion to Tk 90.17 billion in December 2020. Loans increased by 20.67 per cent. At the end of last year, the amount of debt stood at Tk 74.83 billion; last year it was 62.01 billion. Net profit has increased from Tk 1.14 billion to Tk. 1.34 billion. Earnings per share stood at Tk 2.31. The bank’s NPL rate is only 2.93 per cent. The bank has shown financial strength by saving 12.52 per cent of its capital adequacy Ratio (CAR). It was informed in the discussion of the AGM that NRBC Bank is a strong partner of the government for revenue collection. NRBC Bank is lending money to the people in an easy process.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/nrbc-bank-approves-125pc-dividend-1624723896

Keep EPZs open during lockdown

The Bangladesh EPZ Investors’ Association (BEPZIA) has requested the government to keep the export processing zones (EPZs) open during the nationwide lockdown to ensure smooth payment of salaries and allowances to workers. Following a sudden surge in coronavirus infections, the government has decided to impose another complete lockdown from tomorrow. The BEPZIA is now concerned that if the circular is published without a provision for the EPZs to remain open, the workers will rush to their village homes, which will spread Covid-19. The factories located in the EPZs across Bangladesh need to pay salaries and festival bonuses to their workers for Eid-ul-Azha. Uddin requested the Bangladesh Export Processing Zones Authority to keep the EPZs open during the upcoming lockdown.

Source: https://www.thedailystar.net/business/economy/news/keep-epzs-open-during-lockdown-2118985

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,433.84
↑ 237.02↑ 0.69 %
FTSE100$ 7,136.07↑ 26.10↑ 0.37 %
Nikkei 225$ 29,066.18↑ 190.95↑ 0.66 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 74.05↑ 0.75↑ 1.02 %
Crude Oil (Brent)$ 76.18↑ 0.62↑ 0.82 %
Gold Spot$ 1,781.43↑ 6.26↑ 0.35 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8050
GBP 1BDT 118.3793
EUR 1BDT 101.1300





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