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

Important Business News Extracts April 12, 2020

Govt’s Tk 5,000cr lifeline for farmers all set

There seems to be finally some light at the end of the tunnel for the agriculture sector as the central bank and agriculture ministry have finalised a Tk 5,000 crore rescue package for farmers, rice millers, producers of all agro-products and owners of dairy farms. Since the countrywide shutdown was announced on March 25 with the view to flattening the curve of coronavirus, farmers have been passing sleepless nights as it essentially ruptured the distribution network for fresh produce tipping them towards a pool of losses. With the hope of pulling them out of the pits, the government has prepared the package, which is due to be announced in a day or two. Along with the farmers, businesses and entrepreneurs of the agriculture sector will be allowed to take loans at 5 per cent interest from the packet, said central bank and agriculture ministry officials involved in drawing up the bailout package. A fresh refinance scheme will be constituted with the Bangladesh Bank’s own funds to implement the package. Banks will take funds from the scheme at 2 per cent interest and disburse them at 5 per cent interest. The borrowers will get the loans as working capital, with repayment duration being 18 months, including a six-month grace period. Besides, the central bank is working on slashing the interest rate on farm loans by 2 percentage points to 7 per cent. The BB has set a farm loan disbursement target of Tk 24,124 crore for fiscal 2019-20. Every bank will have to disburse 2.5 per cent of their total loans per year to farmers.

Source: https://www.thedailystar.net/business/news/govts-tk-5000cr-lifeline-farmers-all-set-1892125

Pharma companies rule the roost

The country’s capital market was mainly driven by pharmaceuticals and chemicals sector in March following investors’ increased participation in share transactions. On the trading sessions executed between March 8 and March 25, pharmaceutical and chemical companies had the highest contribution up to 77.6 per cent in daily market turnover. Dhaka Stock Exchange (DSE) executed the last trading session on March 25. On the day, the DSE featured a turnover of above Tk 3.48 billion and the greater portion of this value came from transactions of the shares of pharmaceutical and chemical companies. Listed pharmaceuticals and chemical companies posted a turnover of above Tk 2.7 billion and grabbed 77.6 per cent of the market turnover featured by the DSE on March 25. The banking sector featured the second highest turnover of above Tk 318.2 million, which was 9.1 per cent of the total market turnover posted by the DSE on March 25. On the day, pharmaceutical and chemical companies featured a turnover of above Tk 606.1 million on the DSE. The banking sector posted the second highest turnover of above Tk 208.2 million and grabbed 14.9 per cent of the market turnover on March 24. The pharmaceutical and chemical companies posted a turnover of above Tk 938.2 million on March 23 and captured 36.9 per cent of the market turnover worth above Tk 2.54 billion observed on the DSE. On the day, the fuel & power sector featured the second highest turnover of Tk 316.9 million.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/pharma-cos-rule-the-roost-1586618372

GSK posts ever highest EPS in 2019

GlaxoSmithKline Bangladesh Ltd has posted the ever highest earnings per share in 2019 thanks to closure of its unprofitable pharmaceuticals business in Bangladesh. The UK-based pharmaceuticals giant has reported EPS of Tk 81.83 for the year ended on December 31, 2019, the ever highest in the history of the company that validates the decision to closure the pharmaceuticals business, according to its latest annual report 2019. The GSK, one of the world’s leading research-based pharmaceutical and healthcare companies, shut its medicine manufacturing unit in 2018 after six decades of operation due to incurring huge losses for the five consecutive years before closure. Sensodyne had a bonanza year in 2019, achieving multiple brand and commercial targets. The board of directors of the company has recommended 530 per cent cash dividend for the year ended on December 31, 2019.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/gsk-posts-ever-highest-eps-in-2019-1586618513

Agrani Bank Principal branch’s lockdown withdrawn

Agrani Bank Limited withdrew lockdown of the principal branch of the bank from today (Sunday) as it was imposed after an official tested positive for the novel coronavirus. The authorities of the bank decided to withdraw the lockdown as per the permission of civil surgeon, local thana and Bangladesh Bank as the final PCR lab report of the alleged official came negative. The principal branch, situated on the first floor of the Agrani Bank Bhaban at Motijheel in Dhaka, will continue its normal activities from today (Sunday). The branch was ordered to lockdown from April 09, 2020. The activities of the branch were continued at Amin Court Branch. .

Source: https://today.thefinancialexpress.com.bd/stock-corporate/agrani-bank-principal-branchs-lockdown-withdrawn-1586618531

GSK partners with CARE Bangladesh

With the financial support from GlaxoSmithKline (GSK) Bangladesh funded HALOW+ (Health Access and Linkage Opportunities for Workers Plus) project, GSK distributed personal protective equipment (PPE), disposable hand gloves, mask, hand sanitizer, liquid soap, hand rubs in Gazipur recently with the support of CARE Bangladesh, health officials, local government officials and community volunteers.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/gsk-partners-with-care-bangladesh-1586618406

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
↑ 285.80↑ 1.22 %
FTSE1005842.66↑ 164.93↑ 2.90 %
Nikkei 22519498.50↑ 152.73↑ 0.79 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$22.76↓ 2.33↓ 9.29 %
Crude Oil (Brent)$ 31.48↓ 1.36↓ 4.14 %
Gold Spot$1,696.65↑ 12.92↑ 0.77 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.0430
GBP 1BDT 103.363
EUR 1BDT 90.7718
INR 1BDT 1.09485





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