Prime Bank to provide support to Covid-19 affected customers
Prime Bank Limited (PBL) has committed to provide financial support to its customers, who are facing losses caused by the coronavirus outbreak. The government has already announced a financial package of around Tk 960 billion to face corona’s impact on the economy. The leading private commercial bank (PCB) has also reiterated its commitments to introduce more innovative products by the end of this calendar year for ensuring better services to its customers using modern technologies. The PBL started operation on April 17, 1995 as a PCB. Over the years, the Prime Bank has emerged as the leading private commercial bank in Bangladesh in terms of efficiency, capital adequacy, asset quality, sound management and profitability having strong liquidity, according to the bank high ups. On the other hand, the PBL Chairman Azam J Chowdhury in his statement on this occasion said Prime Bank has already made its distinctive mark in the country’s banking arena through world class products and services, consistent financial results, good governance, compliance, transparency and accountability.
No charge for Midland Bank debit card holders
Customers of Midland Bank can withdraw money using other banks’ ATMs (Automated Teller Machines) without any charges during the coronavirus-related government holidays. Besides, using the bank’s internet banking application ‘midland online’ and mobile application, customers can easily perform various tasks of daily banking from home like paying utility bills, mobile top-up and sending money from their account to any bank or bKash account with no extra charges.
Union Bank appoints new MD
A. B. M. Mokammel Hoque Chowdhury has been appointed as the Managing Director of Union Bank Limited. Prior to the appointment, he had served the bank in the capacities of Additional Managing Director and Deputy Managing Director for last 5 years. Mr. Chowdhury started his banking career as a Probationary Officer in First Security Islami Bank Limited in 2001 and then joined Union Bank Limited in 2013. Mr. Chowdhury was born in Chattogram and completed MBA major in HRM.
KSRM employees donated Tk 3.0 million
KSRM employees donated Tk 3.0 million from their salaries to the relief fund of Chattogram district administration to help people affected by the coronavirus. Syed Nazrul Alam, General Manager (human resource and admin), on behalf of the employees, handed over a symbolic cheque to Chattogram Deputy Commissioner.
‘Minister’ making ventilators locally
Minister, a Bangladeshi electronics manufacturing company, has taken an initiative to locally manufacture ventilators amid novel coronavirus outbreak in the country. The government’s ICT Division, the Federation of Bangladesh Chambers of Commerce & Industry (FBCCI), a good number of public and private hospitals, and some biomedical engineers from BUET have been assisting Minister in making quality ventilators, a product the country badly needs for its fight against the deadly virus. FBCCI President Sheikh Fazle Fahim said that Minster Hi-Tech Park Electronics Limited has developed a prototype of ventilator which, after the permission of the Ministry of Health, the company will start its production in fullswing. “The FBCCI will purchase 10 per cent of the first production and supply them to hospitals dealing with COVID-19 patients, the health ministry and other hospitals from the next production lot, as required. Minster Hi-Tech Park Electronics Ltd is working to develop ventilator for the people of the country which is very important for the treatment of COVID-19 patients. Next week we will be producing 100 units of ventilator. After that, we will produce 500, 1000 unit and later as required. The cost of this ventilator will be between BDT Tk 75,000-85,000. We have no business purpose here but we want to serve the people of this country through the supply of ventilators.
Local and Global Stock Indices *
|Index Name||Close Value||Value Change||Percentage Change|
|↑ 704.81||↑ 2.90 %|
|FTSE100||5786.96||↑ 158.53||↑ 2.82 %|
|Nikkei 225||19732.65||↓ 164.61||↓ 0.83 %|
World Commodities *
|Commodity||Close Value||Value Change||Percentage Change|
|Crude Oil (WTI)||$ 15.11||↓ 3.16||↓ 17.30 %|
|Crude Oil (Brent)||$ 27.75||↓ 0.33||↓ 1.18 %|
|Gold Spot||$ 1682.65||↓ 0.17||↓ 0.10 %|
Major Currencies Exchange Rates Movement in Last Seven Days *
|USD 1||BDT 83.1593|
|GBP 1||BDT 103.900|
|EUR 1||BDT 90.3850|
|INR 1||BDT 1.09337|
*CURRENCIES AND COMMODITIES ARE TAKEN FROM BLOOMBERG.<