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 26, 2020

Forex reserve crosses $41b

Bangladesh’s foreign exchange (forex) reserve crossed US$ 41 billion-mark on Wednesday due to lower import payment obligations and higher growth of inward remittance. It rose to $ 41.10 billion on the day from $ 40.99 billion of the previous working day, according to the central bank’s latest data. The reserve was $41.02 billion on October 29 last. Purchasing the US dollar from the commercial banks directly has contributed to achieve the record reserve. Foreign loans and assistance have also helped push up the reserve.

Source: https://today.thefinancialexpress.com.bd/first-page/forex-reserve-crosses-41b-1606327715

First Security Islami Bank opens two sub-branches

Social Islami Bank Limited (SIBL) inaugurated 162nd, 163rd and 164th branches in Bhanga, Faridpur, Muradnagar, Cumilla and Chayani Bazar, Begumgonj, Noakhali respectively on Tuesday. The Panditsar Bazar Sub-branch and Battoli Bazar Sub-branch of First Security Islami Bank Ltd started their operation at Hawladar Bhaban, Panditsar Bazar, Noria, Shariatpur and Muktijoddha Market, Battoli Bazar, Fazilpur, Feni on Wednesday with a view to providing shariah based banking services to its clients.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/first-security-islami-bank-opens-two-sub-branches-1606329320

DCCI signs MoU with ICMAB

The Dhaka Chamber of Commerce and Industry (DCCI) has signed a memorandum of understanding (MoU) with the Institute of Cost and Management Accountants of Bangladesh (ICMAB) with a view to working together to improve the business climate. DCCI President Shams Mahmud and ICMAB President Md Jasim Uddin Akond signed the MoU in the city on Tuesday. Shams Mahmud said the signing the MoU will usher in an opportunity for both the organisations to work together for the betterment of the business community. He also appreciated the professionals of ICMAB for their hard work to ensure transparency in the financial system of a company. CMA professionals can create a great impact by using their expertise to ensure clarity in various economic aspects. DCCI Senior Vice President NKA Mobin said that DCCI and ICMAB can jointly work to promote business-friendly environment in the country for the development of economy. DCCI Vice President Mohammad Bashiruddin, Convenor Golam Zialani and council members of ICMAB were present at the signing ceremony.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/dcci-signs-mou-with-icmab-1606329142

Apex Tannery approves 12pc cash dividend

The 44th Annual General Meeting (AGM) of Apex Tannery Limited was held by using a digital platform on Wednesday. Chairman of the Company Syed Manzur Elahi presided over the meeting. The meeting approved 12 per cent cash dividend.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/apex-tannery-approves-12pc-cash-dividend-1606329020

Elon Musk now world’s second wealthiest person

Elon Musk, the charismatic chief of electric automaker Tesla, has overtaken Bill Gates to become the world’s second richest person, according to the Bloomberg list of billionaires. The South African-born Musk, 49, added $7.2 billion in wealth on Monday alone following Tesla’s latest surge. He now has an estimated $128 billion. The outspoken Musk, who is also cofounder of SpaceX, had already overtaken numerous luminaries in recent weeks, including Facebook Chief Executive Mark Zuckerberg and Bernard Arnault, the head of French luxury giant LVMH. In 2020, Tesla shares have surged more than 500 percent and the company is now valued at more than $500 billion. Musk, who owns about 18 percent of the shares, has made some $100 billion during this stretch.

Source: https://www.thedailystar.net/business/news/elon-musk-now-worlds-second-wealthiest-person-2001177

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 29,872.47
↓ 173.77↓ 0.58 %
FTSE100$ 6,391.09↓ 41.08↓ 0.64 %
Nikkei 225$ 26,445.25↑ 148.39 ↑ 0.56 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 45.88 ↑ 0.17↑ 0.37 %
Crude Oil (Brent)$ 48.86↑ 0.25↑ 0.51 %
Gold Spot$ 1,811.10 ↑ 3.54↑ 0.20 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8000
GBP 1BDT 113.3182
EUR 1BDT 100.8442
INR 1BDT 1.1524





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