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

Click to Close

Rate last updated: 02/01/2014 11:15:04 AM

Daily Business News Flash March 25, 2021

Govt moves to speed up ADB-funded projects

The government and Asian Development Bank (ADB) have agreed on short and medium-term roadmaps for 2021-2022 to further accelerate the implementation of ADB-assisted projects.Around 300 senior government officials, project directors, and ADB staff members participated in the event, which was the first such review of 2021.The meeting reviewed the progress of actions agreed on in late 2020 and the readiness status of 2021 pipeline projects. Meanwhile, specific actions were agreed upon for slow-moving projects to utilise project funds expeditiously. The ADB’s current sovereign portfolio comprises 52 projects of $11.26 billion.The cumulative lending of loans and grants to Bangladesh, including co-financing, stands at around $39 billion.

Source: https://www.thedailystar.net/business/news/govt-moves-speed-adb-funded-projects-2066405

BB again extends loan repayment relaxation

The central bank on Wednesday extended again the policy relaxation involving loan repayments to the country’s scheduled banks by their borrowers. The borrowers would get three more months’ time to repay their due loan instalments on the basis of banker-customer relationship because of the resurgence of the Covid-19. Since January last year banks have stopped classifying loans in the event of failure to repay of loan instalments under instructions from the Bangladesh Bank (BB). Borrowers will be able to clear their instalments on continuous, demand and term loans by June 30 instead of March 2021 on the basis of banker-customer relationship. Such loans would not be considered as classified, if the borrowers would repay their instalments within June 30, 2021 instead of March this year. The BB’s latest move came against the backdrop of the fresh surge in Covid-19 infections in different countries, including Bangladesh.Under the policy of relaxation, unpaid interest for 2020 on continuous loans would have to be cleared in six quarterly instalments from March 2021 to June 2022. Such continuous loans would not be considered as classified until June 2022, if the borrowers would clear unpaid interest on the loans with quarterly instalments. On the other hand, the borrowers were allowed to repay their demand loans covering both interest and principal amount within eight quarterly instalments from March 2021 to December 2022. Under the relaxation, the borrowers might choose one of the two options: a maximum of two years in the repayment period or 50 per cent extension of the remaining payback time, whichever was higher. The central bank had offered a deferral loan classification facility from January 2020 to December 2020, considering the adverse impact of the Covid-19 pandemic on people and businesses.

Source: https://today.thefinancialexpress.com.bd/first-page/bb-again-extends-loan-repayment-relaxation-1616609324

ShahjalalIslami Bank launches e-account service

ShahjalalIslami Bank Limited officially launched e-account banking on Wednesday with the aim of providing fast banking services to its clients. From now a customer can open an e-account easily and securely by staying home in the fastest time. In this regard a customer only needs to have a valid National Identity Card (NID). Customers with e-accounts will be able to conduct all types of banking activities from home.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/shahjalal-islami-bank-launches-e-account-service-1616604529

Digital device and innovation expo to begin on April 1

The three-day Digital Device and Innovation Expo 2021 will begin on April 1, aiming to promote IT products and services developed by local companies. The event, to be organised both virtually and physically at the auditorium of Bangladesh Film Archive in the city’s Agargaon area, is expected to create greater interactions among the stakeholders. State Minister for ICT Zunaid Ahmed Palak made the announcement at a press conference at the Bangladesh Computer Council (BCC) auditorium in the city on Wednesday. HosneAra Begum, managing director (MD) of the Bangladesh Hi-Tech Park Authority (BHTPA), and Shahid-Ul-Munir, president of the Bangladesh Computer Samity (BCS).

Source: https://today.thefinancialexpress.com.bd/stock-corporate/digital-device-and-innovation-expo-to-begin-on-april-1-1616604649

Govt to import 50,000 tonnes of rice from India

The government yesterday approved the import of 50,000 tonnes of rice from India in order to increase the country’s food stock and control spiralling prices. The cabinet committee on government purchase approved the food department’s proposal to import 50,000 tonnes of non-basmati boiled rice from M/s PK Agri Link Private Limited for about Tk 177 crore through an international tender.The price of rice bought from PK Agri Link would be around $ 430 per tonne, she added. With the latest approval, the government has so far taken steps to import a total of 13 lakh tonnes of rice. On March 10, the government approved three proposals to import a total of 3.5 lakh tonnes of rice from India, Thailand and Vietnam under state-to-state arrangements.

Source: https://www.thedailystar.net/business/news/govt-import-50000-tonnes-rice-india-2066333

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 32,420.06
FTSE100$ 6,712.89↑13.70 ↑0.20%
Nikkei 225$ 28,661.80↑256.28 ↑0.90%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 60.17 ↓1.01↓1.65%
Crude Oil (Brent)$ 63.53 ↓0.88↓1.37%
Gold Spot$ 1,734.26 ↓ 0.43↓0.02%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8015
GBP 1BDT 116.6360
EUR 1BDT 100.5152





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