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

Click to Close

Rate last updated: 02/01/2014 11:15:04 AM

Important Business News Extracts April 26, 2020

MFIs seek Tk 225b refinance fund

The country’s microfinance institutions, or MFIs, have sought Tk 225 billion refinancing fund as stimulus package to overcome the economic losses from the coronavirus pandemic. Credit and Development Forum, or CDF, a national grouping of the MFIs, has sent letters to government high-ups, including Prime Minister’s Office, Bangladesh Bank governor, Microcredit Regulatory Authority, the Finance Ministry, and the NGO Affairs Bureau, pleading for the rescue package. The agencies sought the fund for a period of five years and at 9.0 per cent rate of interest, of which the small lenders would pay 4.5 per cent and the central bank would pay the rest on behalf of the government, according to the letter obtained by the FE. In April 20, the Bangladesh Bank unveiled a financial package of Tk 30 billion for underprivileged farmers, professionals and micro enterprises to help them offset the negative impact of the virus. Marginal businesses and farmers with no access to banks and non-bank financial institutions will be allowed to get the loans from the revolving fund at 9.0 per cent interest rate. The MFIs) with certificates from the Microcredit Regulatory Authority can give out the loans. Under the package, the BB will initially provide the fund to banks at 1.0 per cent interest, which they will lend to the MFIs at 3.5 per cent interest. The MFIs will be allowed to charge a maximum of 9.0 per cent interest on borrowers.

Source: https://today.thefinancialexpress.com.bd/trade-market/mfis-seek-tk-225b-refinance-fund-1587826744

Nagad gives Tk 0.5 million to virus-hit employees

Bangladesh Post Office’s mobile financial service, Nagad, has decided to stand beside its around 0.2 million (2.0 lakh) employees amid the coronavirus (COVID-19) pandemic. Nagad will provide up to Tk 0.5 million (5.0 lakh) each for treatment if any of its entrepreneurs, distributors and salespersons become coronavirus positive. As the country is going through an unwanted situation rendered by the deadly COVID-19 pandemic, Nagad thinks it is the best moment to extend humanitarian assistance to the people. It said Nagad has taken up the initiative to stand by the employees and their family members to acknowledge and appreciate their efforts. Nagad is pledge-bound to work for the country and its people till the end. It said with a view to helping people and the country as a whole, Nagad has cut down merchant to merchant transaction fees to Tk 6.

Source: https://today.thefinancialexpress.com.bd/trade-market/nagad-gives-tk-05-million-to-virus-hit-employees-1587826767

Biman starts first flight to Guangzhou in May

National flag carrier Biman Bangladesh Airlines has finally got approval to operate flights to Guangzhou of China. Managing Director of Biman Bangladesh Airlines Mokabbir Hossain confirmed this to the FE. Biman has a plan to start operation from May this year. Mokabbir said that Biman is planning to provide cargo services to any organisation if they need to charter any aircraft. Talking to the FE, Mr Hossain said that Biman got the approval from Civil Aviation Administration of China in the end of March to operate Guangzhou flight. Biman will operate weekly one flight with Boeing 737-800. This will mainly carry cargo, he mentioned. Biman MD claimed that none of its 5,200 employees was infected during the COVID-19 pandemic as they followed the guidelines of ICAO (International Civil Aviation Organization) and WHO (World Health Organization). Biman has 150 cockpit crew and 500 cabin crew who are perfectly alright. But people made hue and cry over their continuing flight operations to London and Manchester. When asked, aviation expert Kazi Wahidul Alam said that it will not be commercially viable for Biman to operate weekly one flight to Guangzhou. Besides, Chinese government now allows only Chinese nationals to China. But cargo operation by Biman will be viable as the price for per kg cargo has risen significantly from US$ 2-2.5 to US$ 6-7.

Source: https://today.thefinancialexpress.com.bd/trade-market/biman-starts-first-flight-to-guangzhou-in-may-1587826855

BSRM has been distributing PPE materials for doctors and nurses in various hospitals of Chattogram and Dhaka

BSRM has been distributing PPE materials for doctors and nurses in various hospitals of Chattogram and Dhaka. BSRM distributed PPE material at Dhaka Kurmitola General Hospital (left) and Kuwait Bangladesh Friendship Government Hospital (right). Both the Hospital in-charge’s received the materials from BSRM.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/bsrm-has-been-distributing-ppe-materials-for-doctors-and-nurses-in-various-hospitals-of-chattogram-and-dhaka-1587825844

eGeneration employs AI to fight COVID-19

eGeneration has taken the initiative to help fight coronavirus by introducing the ‘Beat Corona – AI against corona’ quest. eGeneration has developed CoronaBot and X-ray image analysis tool specifically geared to improve and accelerate the detection of coronavirus Furthermore, eGeneration has developed an X-ray image analysis tool using machine learning technology which has proven to be an effective method of detecting COVID-19 from chest X-ray image. Using this tool, users will be able to identify whether they are healthy, suffering from a mild case of pneumonia or infected by COVID-19 by simply providing an x-ray image of their lungs to eGeneration BeatCorona. Two machine learning models are used in this tool: Feed-forward Neural Network and Convolutional Neural Network which are trained with processed data collected from various hospitals of Italy and China. These X-rays will help facilitate in the undertaking of massive screening programs while speeding up the detection of coronavirus which results in the successful reduction of transmission.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/egeneration-employs-ai-to-fight-covid-19-1587825882

Akij stands by Corona fighters

To protect the health of doctors and nurses at Kurmitola General Hospital, Akij Group has recently provided medical equipment and financial assistance to the hospital. Sheikh Jamil Uddin, director of Akij Textile Mills. Limited, handed over the materials to the hospital Director Brigadier General Jamil Ahmed and Assistant Director Lieutenant Colonel Abdul Wahab. Meanwhile, Bangladesh Police is working tirelessly to ensure social distance everywhere in the country. Akij Food and Beverages Limited, another affiliated company of Akij Group, has distributed masks and spa drinking water among the Dhaka range police as collaborators and in honor of these fighters.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/akij-stands-by-corona-fighters-1587825999

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
↑ 260.01↑ 1.11 %
FTSE1005752.23↓ 74.38↓ 1.28 %
Nikkei 22519262.00↓ 167.44↓ 0.86 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 16.94↑ 0.44↑ 2.67 %
Crude Oil (Brent)$ 21.44↑ 0.11↑ 0.52 %
Gold Spot$ 1729.60↓ 0.91↓ 0.05 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.2972
GBP 1BDT 102.934
EUR 1BDT 90.1201
INR 1BDT 1.09742





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