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 22, 2020

GP approves 130pc cash dividend

The 23rd Annual General Meeting (AGM) of Grameenphone Ltd was held on Tuesday. In compliance with the directives set by the Bangladesh Securities and Exchange Commission and considering the health and safety of all the attending shareholders, staff, and others during the ongoing COVID-19 situation, Grameenphone carried this year’s AGM virtually by using digital platform. The Board of Directors of Grameenphone Ltd announced a final dividend for the year 2019 in cash at the rate of 40% of the paid-up capital, or BDT 4.0 per share of BDT 10 each. With this cash dividend pay-out, the total cash dividend stands at 130% of the paid-up capital, including the previous 90% interim cash dividend pay-out, amounting to 50.86% of Profit After Tax for the year 2019. For Grameenphone, 2019 was a challenging year considering disputed audit claims by BTRC. Grameenphone, however, looks forward to solving this dispute before the Hon’ble Courts or amicably through arbitration.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/gp-approves-130pc-cash-dividend-1587482566

Most listed food & allied companies’ earnings dip

Earnings of most of the listed food & allied sector companies plunged in July-December, 2019 compared to the same period of the previous year. Market analysts said many companies are counting further losses as business activities remained almost halted due to month-long lockdown caused by coronavirus pandemic. According to market insiders, the pandemic is affecting almost all the listed companies due to the shortage of raw materials that come from external sources. According to DSE data, the EPS of Apex Foods declined to Tk 0.65 in the July-December period of 2019 against Tk 1.10 in the same period of the previous year. The Apex Foods has reported (un-audited) profits of Tk 3.73 million during the period under review, the DSE data shows. The Apex Foods noted that EPS was restated from Tk 0.65 to Tk 1.10 due to deferred tax on cash incentive receivable as on December 31, 2018 by Tk 25,37,000. British American Tobacco Company reported its EPS of Tk 51.37 for the year ended on December 31, 2019 against Tk 55.62 for the same period last year. The multinational company has also recommended 400 per cent cash dividend for the year ended on December 31, 2019. The state-run sugar mill has incurred a loss of Tk 230.22 million in July-December, 2019 period. The EPS of Zeal Bangla Sugar Mills, another state-run sugar mills, was Tk 35.50 in negative for July-December, 2019 against negative of Tk 36.27 in the same period of the previous year. The company has also reported loss of Tk 213.01 million in July-December, 2019 period. On the other hand, EPS of six companies – AMCL (Pran), Fine Foods, Fu-Wang Food, Golden Harvest Agro Industries, Olympic Industries and Rangpur Dairy & Food Products surged year-on-year in July-December, 2019, the DSE data showed.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/most-listed-food-allied-companies-earnings-dip-1587482511

New ‘Country Head’ of Bank Alfalah

Bank Alfalah has recently appointed Mr. Adil lslam as ‘Country Head’. He has more than 29 years of banking and business leadership experience, gained through working in various international banks and financial institutions in South & Southeast Asia and the Middle East. Mr. Adil Islam has done his post-graduation in International Banking and Financial Studies from Herriot-Watt University, Edinburgh, Scotland. He has held business and functional head positions both in Bangladesh and in overseas locations, working for renowned banks like HSBC, ANZ, American Express, Mashreq Bank, Bank Saudi Al Fransi (Credit Agricole) and other international organizations. Over the years, he has held positions like Chief Risk Officer for South & Southeast Asia, ANZ Bank Singapore; Chief Risk Officer, HSBC Indonesia; Head of Wholesale Banking, HSBC Bangladesh. .

Source: https://today.thefinancialexpress.com.bd/stock-corporate/new-country-head-of-bank-alfalah-1587482628

BSFIC starts selling sugar

The Bangladesh Sugar and Food Industries Corporation (BSFIC) has started selling sugar as part of its move to supply better quality local product to the consumers ahead of Ramadan month. As per the press release, sugar will also be supplied to the dealers registered under the corporation. Each one-kg packet of sugar will be sold at Tk 65 at super shops like Agora, Shwapno, Meenabazar, CSD and Pran in the capital. The sugar packets will be also available on the basement of Sugar Industries Bhaban in Dilkusa of the capital. Besides, the BSFIC will also monitor the market so that consumers can buy sugar at a fair price.

Source: https://today.thefinancialexpress.com.bd/trade-market/bsfic-starts-selling-sugar-1587482281

Union Bank appoints new MD

ABM Mokammel Hoque Chowdhury has recently been appointed as managing director of Union Bank. Prior to the appointment, he served the bank as additional managing director. He also served it as a deputy managing director.

Source: https://www.thedailystar.net/business/news/union-bank-appoints-new-md-1895449

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
↓ 631.56↓ 2.67 %
FTSE1005641.03↓ 171.80↓ 2.96 %
Nikkei 22518991.51↓ 289.27↓ 1.50 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 10.88↓ 0.69↓ 5.96 %
Crude Oil (Brent)$ 16.39↓ 2.94↓ 15.21 %
Gold Spot$ 1684.94↓ 1.26↓ 0.07 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.2522
GBP 1BDT 102.738
EUR 1BDT 90.2865
INR 1BDT 1.08919





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