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 May 17, 2021

Stock index crosses 5,800 after 4 months

The benchmark index of Dhaka Stock Exchange (DSE) went past 5,800 yesterday after around four months thanks to increased participation of investors. The DSEX rose 62 points, or 1.08 per cent, to end the day at 5,813 points.The index has been rising for the last couple of days because of the higher participation of investors in a buoyant mood, according to market analysts. However, turnover, an important indicator of the stock market, plunged 2.4 per cent to Tk 1,418 crore. Advent Pharma topped the gainers’ list with a 10 per cent rise followed by Nurani Dyeing & Sweater, Shurwid Industries, Tung Hai Knitting and Dyeing and Index Agro Industries.Beximco traded the most with shares worth Tk 83 crore changing hands followed by Saif Powertec, Robi Axiata, Summit Power and National Feed Mills. At the DSE, 231 stocks rose, 88 declined and 49 remained unchanged. Malek Spinning Mills shed the most dropping 4.3 per cent followed by Emerald Oil Industries, eGeneration, Mercantile Insurance Company and Islami Insurance Bangladesh.Chittagong Stock Exchange also rose yesterday. The Caspi, the general index of the port city bourse, surged 190 points or 1.14 per cent to stand at 16,849. Among the 292 stocks to witness trade, 192 advanced, 68 fell and 32 remained the same.

Source: https://www.thedailystar.net/business/economy/news/stock-index-crosses-5800-after-4-months-2093561

Record $2.9b pledged in 2020 pvt investment: WB

Bangladesh last year witnessed a record $2.9 billion investment commitment for its infrastructure development from private sector sponsors, according to a latest report published by the World Bank.”The country’s (Bangladesh) 2020 investment amounted to US$2.9 billion, a 190 per cent increase from 2019 levels, and increased investment as a share of GDP from 0.34 percent to 0.97 percent,” said the report titled ‘Private participation in infrastructure 2020: Annual report’ released on Thursday.Bangladesh received South Asia region’s second highest private participation in infrastructure (PPI) investment, said the WB. The investment commitment across seven projects was the highest in Bangladesh’s history, placing it among the top five countries for the first time, added the WB.Conventional power plants received US$2.0 billion in 2020, compared with US$133 million investment commitments for two renewable power plants. The project is India’s largest foreign direct investment (FDI) in the Bangladesh power sector and represents the first phase of a proposed 3,000 MW gas-based, combined-cycle power project. At global level, according to the report, investment commitments in 2020 stood at US$45.7 billion across 252 projects, marking a 52 per cent decline from 2019 levels.

Source: https://today.thefinancialexpress.com.bd/first-page/record-29b-pledged-in-2020-pvt-investment-wb-1621187190

Banks can’t appoint former MDs as independent dire

Banks cannot appoint their former managing directors as independent directors at their respective board as per the provisions of the Banking Companies Act 1991, Bangladesh Bank (BB) said last week.Banks appoint managing directors (MDs) on a contractual basis. The BB has taken the move after a number of banks had appointed their former officials as independent directors at their boards. The Banking Companies Act has barred banks from appointing an individual as an independent director of the lender’s board if there is any possibility of conflict of interest between the lender and the person in the future.The central bank cited the banking companies law and said a person, who had an interest in a bank in the past and has at present, cannot be appointed as an independent director. Against the backdrop, the BB asked three banks in January to remove independent directors from their boards.Before the issuance of the circular, banks were permitted to appoint former MDs and top executives as consultants or advisers one year after the retirement of the officials.

Source: https://www.thedailystar.net/business/banking/news/banks-cant-appoint-former-mds-independent-directors-2093549

Banking hour 10am to 2pm until May 23

Bangladesh Bank yesterday instructed lenders to continue their limited banking operations until May 23. The central bank took the decision after the government extended the nationwide restrictions on public movement until May 23 to contain the second wave of Covid-19 infections.Clients will be able to enjoy banking services from 10am to 2pm during this time, according to a notice of Bangladesh Bank. Besides, the branches will remain open until 3:30pm to complete their regular procedures. In the notice, the central bank, however, has not given any indication on the alternate-day duty rosters for employees.

Source: https://www.thedailystar.net/business/banking/news/banking-hour-10am-2pm-until-may-23-2093533

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,382.13
FTSE100$ 7,043.61↑80.28↑1.15%
Nikkei 225$ 27,675.26↓409.21↓1.46%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 65.58 ↑0.30↑0.46%
Crude Oil (Brent)$ 68.88↑0.17↑0.25%
Gold Spot$ 1,852.18↑8.75↑0.47%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8000
GBP 1BDT 119.5680
EUR 1BDT 102.9811





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