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 17, 2019

BB arranges Bankers-SME conference

Bangladesh Bank recently organised ‘Bankers-SME Entrepreneurs Conference and Open Loan Distribution Program’ in Noakhali. The conference was aimed at promoting and developing small and medium enterprises (SME) sector in the district. The day-long conference was held in Noakhali Sadar Upazila Parishad Auditorium. Md. Abdur Rahim, Executive Director, Bangladesh Bank; was present at the conference as the chief guest. BRAC Bank was the coordinator of the conference. A total of 25 banks and financial institutions of Noakhali district participated in the conference and around BDT 70 million SME loan was distributed to 60 SME entrepreneurs in the conference.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/bb-arranges-bankers-sme-confce-1555437968

PRAN exports its toiletries to seven Countries

PRAN-RFL Group is exporting its toiletries to seven countries across the world. Swift, Glitter, Livana and Ray brands of PRAN’s Sun Basic Chemicals Limited (SBCL) are now being exported to four more countries after India, Nepal and Bhutan. The new destinations of SBCL’s exports include Fiji, Vanuatu and Solomon Islands. The consignments of the products have already been sent to Fiji, Vanuatu and Solomon Islands of the Oceania region this month. Earlier, SBCL started exporting its products to Maldives in January. As per the Director (Marketing) of PRAN-RFL Group, Bangladeshi toiletries products have good prospects in global market if it is manufactured maintaining quality.

Source: http://today.thefinancialexpress.com.bd/trade-market/pran-exports-its-toiletries-to-seven-countries-1555438712

TIN not mandatory for BO accounts: NBR

The tax authority has not made opening taxpayer identification number (TIN) mandatory for stock investors, allaying the fears of general investors. Following the media reports earlier this month about TIN becoming compulsory for investing in the capital market, the Dhaka Stock Exchange plunged to its three-month low on April 3 as general investors panic sold. As per the National Board of Revenue press statement, Investors would be able to open beneficiary owner’s (BO) accounts as they could in the past. No new rule has been framed making TIN compulsory. The NBR also said it is holding consultation meeting with stakeholders ahead of framing tax proposals for fiscal 2019-20. As part of the consultation, the NBR recently sat with representatives of the DSE and the Bangladesh Insurance Association (BIA). At the meeting, the DSE, responding to a question from the NBR chairman, said those who have BO accounts have TINs, while representatives from the BIA informed that TIN is compulsory for opening insurance policy. Later, it was published in the newspaper that TIN is being made mandatory for stock investors.

Source: https://www.thedailystar.net/business/tax-and-customs/news/tin-not-mandatory-bo-accounts-nbr-1730812

Doreen Power acquires 99.90pc shares of Chandpur Power

The board of Directors of Doreen Power Generations and Systems Limited in its board meeting held recently has decided to acquire 99.90 per cent shares of Chandpur Power Generations Limited. The company had 60 per cent ownership before this decision, said a statement. The board of directors has adopted un-audited financial statements for the third quarter ended on 31 March 2019. Consolidated EPS was Tk. 1.45 for January-March 2019 as against Tk.1.72 for January-March 2018 and consolidated EPS was Tk. 5.32 for July 2018-March 2019 as against Tk. 5.53 for July 2017-March 2018. Due to lower demand of electricity in national grid, both production and supply of electricity have reduced. As a result, EPS has slightly decreased in the current period compared to last year. Currently, the company is supplying 176 mw electricity in the national grid from its existing five power plants. Chandpur Power, a 115 MW under construction power plant will commence its commercial operation in next financial year. The management of the company expects that it will generate yearly sales revenue of about Tk.6,000 million to Tk.7,000 million by utilising only 70% of its installed capacity and company will earn about Tk.800 million net profit from this revenue.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/doreen-power-acquires-9990pc-shares-of-chandpur-power1555437938

S. S. Steel Limited included in DSEX

S. S. Steel Limited has been included in DSEX, the core index of the prime bourse effective from April 23. The change was done in accordance with the DSE Bangladesh Index Methodology, designed and developed by S&P Dow Jones Indices (SPDJI) and thorough supervision by Index Committee of DSE.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/s-s-steel-limited-included-in-dsex-1555437905

Prime Bank to see ‘total change’ in two years

As per the bank’s managing director, Prime Bank Limited will be a totally new and different bank within the next two years trailblazing innovative retail and wholesale products, new business model, and digital transformation. The bank is turning around, and going for a leap forward and the transformation will be visible within the next two years.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/prime-bank-to-see-total-change-in-two-years-1555437857

First IPTV launched

BDCOM Online Ltd has introduced IPTV (internet protocol television) service in the country, the first of its kind. The IPTV was rolled out on Pahela Baishakh, the first day of the Bengali calendar, officials of BDCOM Online told the leaders of Telecom Reporters’ Network Bangladesh (TRNB) at a programme in Dhanmondi yesterday. One of the leading internet service providers in Bangladesh, the company says it has rolled out the service under its new package – Broadband360°. Apart from the IPTV service, BDCOM Online will also offer existing internet and voice-based internet telephony service and all these packages together will be called “Triple Play Service”. As per the managing director of the company, the speed of the package is expected to be about 100mbps.

Source: https://www.thedailystar.net/business/news/first-iptv-launches-1730797

Bangladesh invites Slovenian Businesses to explore opportunities

Bangladesh on Tuesday invited the Slovenian businessmen to explore enhanced trade and investment opportunities between the two countries. State minister for foreign affairs M Shahriar Alam extended the invitation mentioning the investment-friendly environment in Bangladesh. When ambassador of the Republic of Slovenia to Bangladesh with residence in New Delhi Jozef Drofenik met the state minister at the latter’s office in the morning, Shahriar also said there is an ample scope of cooperation in the field of agriculture, education, culture, trade and economic cooperation, science and technology. Recalling the support of the then Yugoslavia in the Liberation War in 1971 and subsequent assistance for reconstruction of the war-torn economy of Bangladesh in the post-Liberation War period (early 70s), the state minister expressed gratitude to the Slovenian people and stressed enhancing the existing bilateral relations between the two time-tested friendly countries in the days ahead.

Source: http://today.thefinancialexpress.com.bd/last-page/summits-fsru-likely-to-reach-bd-next-week-1555350542

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA26,452.66 ↑67.89↑0.26%
FTSE100 7,469.9↑33.05 ↑0.44%
Nikkei 225 22,289.32↑67.66↑0.30%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI) $ 64.51 ↑0.46 ↑0.72%
Crude Oil (Brent)$ 71.97 ↑0.25↑0.35%
Gold Spot $1,277.45 ↑0.66↑0.05%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.5144
GBP 1BDT 109.1580
EUR 1BDT 94.3335
INR 1BDT 1.1984





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