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 November 04, 2021

BFIU seeks bank account info of 23 online shops

Bangladesh Financial Intelligence Unit (BFIU) has asked banks to send information of accounts of 23 digital platforms, including Daraz and Priyo Shop, and 29 executives related to the firms. After several regulatory measures, the government formed a new committee to bring all e-commerce firms in Bangladesh under one umbrella and safeguard the interests of the consumers and merchants who were deceived.

Source: https://www.thedailystar.net/business/economy/e-commerce/news/bfiu-seeks-bank-account-info-23-online-shops-2221701

 DSE daily turnover dips to four-month low

Stocks nosedived further on Wednesday, with turnover hitting four months low on the Dhaka Stock Exchange (DSE), as investors were mostly reluctant to make fresh investment amid ongoing pessimism. Turnover, a crucial indicator of the market, dipped below Tk 12 billion-mark and amounted to Tk 11.54 billion on the country’s premier bourse, in a further decline by 11 per cent over the previous day’s tally of Tk 12.95 billion. It was the lowest single-day transaction since June 29 this year, when turnover was recorded at Tk 11.48 billion. Along with low turnover, DSEX, the prime index of the DSE, also fell sharply by 56.07 points or 0.80 per cent to settle at 6,898. DSEX lost more than 164 points in the past four consecutive days. Two other indices also ended lower with the DSE 30 Index, comprising blue chips, slumped by 20.13 points to finish at 2,585 and the DSE Shariah Index (DSES) shed 7.01 points to close at 1,461. Top negative index contributors were British American Tobacco Bangladesh (BATBC), Walton, Grameenphone, Square Pharma and Robi. These five large-cap stocks jointly contributed 37 points fall to DSEX, while BATBC alone accounted for 17 points, according to amarstock.com. Share price of the heavyweight BATBC continued to decline, tumbling over 18 per cent or Tk 140 each in the past two weeks to close at Tk 606.40 on Wednesday. According to a recent DSE web post, the National Board of Revenue has issued a Tk 24,371 million demand for VAT and supplementary duties from BATBC following a High Court ruling. The Chittagong Stock Exchange (CSE), also ended sharply lower with the CSE All Share Price Index – CASPI -losing 216 points to settle at 20,187 and the Selective Categories Index – CSCX – shedding 129 points to close at 12,127.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/dse-daily-turnover-dips-to-four-month-low-1635961254

Home appliance market set to grow to $10bn

Bangladesh’s fast growing electronic appliances market has tripled to nearly $2.4 billion in a decade, helped by the growth of the economy that has created a stronger consumer class. Experts forecast a stronger pace over this decade as demand is set to boost further amid more investments by homegrown and foreign brands for a gradual localisation of their production to benefit from the government policy of lesser taxes and duties to reduce unit prices. The market for televisions, refrigerators, washing machines and other home appliances would quadruple to an annual size of $10 billion by 2030, estimates UCB Asset Management, a new generation investment industry firm. Analysts at the firm expect the average annual growth rate in the ongoing decade will increase to 17%, from the previous decade’s average of 14%.

Source: https://www.tbsnews.net/bangladesh/home-appliance-market-set-grow-10bn-324997

SCB signs deal with IDLC Finance

Standard Chartered Bangladesh has recently inked an agreement with IDLC Finance Limited (IDLC) to act as banking partner for its online digital deposit collection. IDLC Finance has recently launched an Online Digital Deposit Service to encourage customers to meet their deposit needs without visiting branches physically. This service will serve as a single gateway with multiple payment options to collect the deposits from IDLC’s valued depositors, and the real time API integration will allow instant transfer of deposit information. Standard Chartered provided IDLC Finance with its state-of-art solution called ‘Straight2Bank Pay’. Leveraging on Standard Chartered’s ‘Straight2Bank Pay’ with API integration, IDLC Finance will be able to deliver a seamless experience to its valued depositors so that depositors can open fixed deposit accounts anywhere anytime and make payment using multiple payment options at their convenience.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/scb-signs-deal-with-idlc-finance-1635961204

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 36,157.58
↑ 104.95 ↑ 0.29 %
FTSE100$ 7,248.89↓ 25.92↓ 0.36 %
Nikkei 225$ 29,726.70↑ 205.80 ↑ 0.70 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 79.99↓ 0.87↓ 1.08 %
Crude Oil (Brent)$ 81.34↓ 0.65↓ 0.79 %
Gold Spot$ 1,775.25↑ 5.41↑ 0.31 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 85.7000
GBP 1BDT 116.7063
EUR 1BDT 99.2492





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