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 October 16, 2022

Dhaka Bank raises Tk 900cr for Bashundhara Oil

Dhaka Bank Ltd has arranged a syndicated loan of Tk 900 crore for Bashundhara Oil and Gas Company Ltd (BOGCL) to help it set up a plant to refine crude petroleum products. Other lenders are Southeast Bank, Social Islami Bank, NRB Bank, South Bangla Agriculture & Commerce Bank, and Saudi-Bangladesh Industrial and Agricultural Investment Company (Sabinco). The annual refining capacity of the plant, located in Keraniganj of Dhaka, is 17 lakh tonnes. The plant will mainly produce bitumen by refining crude oil. In addition, diesel, furnace oil and naphtha will be produced. The financial closure ceremony of the syndicated term loan was held at a local hotel in the capital on October 12. Emranul Huq, managing director of Dhaka Bank, M Kamal Hossain, MD of Southeast Bank, Zafar Alam, MD of Social Islami Bank, Mamoon Mahmood Shah, MD of NRB Bank, Habibur Rahman, MD (current charge) of SBAC Bank, and Ahmed Ehsanul Karim, MD of Sabinco, attended the programme.

Source: https://www.thedailystar.net/business/economy/news/dhaka-bank-raises-tk-900cr-bashundhara-oil-3143646

Negotiations on $4.5 billion IMF loan open soon

Negations on a US$4.5-billion budget-support credit Bangladesh seeks from the International Monetary Fund open soon as an IMF mission arrives here this week for a firsthand view of the country’s creditworthiness. An IMF executive in a press briefing Saturday spoke in detail about Bangladesh’s approach for the credit and its economic situation, especially inflation, currency depreciation, growth prospect and the like. We are currently preparing for negotiation mission, for first negotiation mission to Bangladesh, which will start next week,” said Anne-Marie Gulde, Deputy Director, Asia and Pacific Department at the IMF. “We are also using the current period of the authorities here to already start discussing some of the issues that have come up,” she said while briefing journalists at the IMF headquarters. The Fund shared the transcript of the press briefing on its website.

Source: https://thefinancialexpress.com.bd/economy/negotiations-on-45-billion-imf-loan-open-soon-1665887162

Remittance through bKash doubles in 2021

Migrant workers and Bangladeshis living abroad sent a whopping Tk2,427 crore through bKash in 2021, giving a testament to the growing popularity of the alternative payment/remitting channel among expatriates. That means remittance disbursement through bKash shot up by 111% year-on-year in 2021, up from Tk1,151 crore in 2020. The remittances sent by the expatriates from more than 70 countries are instantly reaching their relatives’ bKash accounts through 75 Money Transfer Organisations (MTO) via settlement in 12 commercial banks in Bangladesh. In continuation of the last few years, the remittance disbursement through bKash is also increasing this year as well and is poised to reach a new milestone. In the first eight months of this year, Tk2,343 crore remittances were disbursed through bKash.

Source: https://www.tbsnews.net/economy/remittance-through-bkash-doubles-2021-514250

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 29,634.83
↓ 403.89 ↓ 1.34%
FTSE100$ 6,858.79 ↑ 8.52↑ 0.12%
Nikkei 225$27,090.76↑853.34↑ 3.25%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$85.61 ↓ 3.50↓ 3.93%
Crude Oil (Brent)$91.63↓ 2.94↓ 3.11%
Gold Spot$1,644.47 ↓ 21.90↓ 1.31%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 103.1500
BDT 105.5500

*World Commodities & Local and Global Stock Indices data are taken from bloomberg.com<

* Exchange Rates are taken from BB website, as on latest update.<




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