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 28, 2019

Export of agro-products rises 53pc in 9 months

The export of agricultural products increased substantially so far in the current fiscal year (FY 2018-19), amid a great leap in shipments of processed food items. According to the latest data of the Export Promotion Bureau (RPB), in the first nine months, the exports have already surpassed the target worth US$ 711 million set for the FY. As per EPB data, the local traders exported goods worth $ 723 million within the third quarter (July-March), a 53 per cent growth over the corresponding period of last FY. The overall shipment of fresh produces including vegetables, fruits, tobacco, tea, flower and foliage, dry and processed foods were worth $674 million in FY ’18. Processed food items comprised more than 75 per cent ($545 million) of the total farm produce exports. The sub-sector showed a 95 per cent growth in the July-March period of FY’19 than that of FY’18. Insiders were expecting that the trend might continue in the next three months and the exports might touch $1.0 billion mark for the first time with the end of this FY, amid rising demand for Bangladeshi process and fresh produce abroad. More than 100 companies are exporting food products like confectionaries and beverages to different Middle Eastern, South Asian, African and European countries. According to Bangladesh Agro-Processors’ Association, Pran, Square, Sajeeb, ACI, Partex, Globe, Bombay Sweets, Star Line Food Products, Akij Foods, BD Foods, Arku and Ahmed Foods lead the exporters.

Source: http://today.thefinancialexpress.com.bd/trade-market/export-of-agro-products-rises-53pc-in-nine-months-1556379627

Steel Industry booming on mega projects

As per the Experts, Bangladesh’s steel industry is going from strength to strength thanks to a construction boom and implementation of mega infrastructure projects. A decade ago consumption of steel, which includes mild steel rod, prefabricated steel and corrugated iron sheet, was 1.6 million tonnes and last year it stood at about 7.5 million tonnes. As per United Securities, the steel industry passed a stellar 2018. Tapan Sengupta, executive director of BSRM, one of the leading steel manufacturers in Bangladesh, gave the credit to the government’s mega infrastructure projects. According to a report, Government projects account for 35 percent to 40 percent of the total steel consumed in Bangladesh, up from 15 percent a decade ago. And last year seven mega projects picked up steam. As per Mr. Gupta, rapid urbanisation along with faster economic development is also contributing to the growth and BSRM’s growth was 12 percent last year in terms of sales. According to sector people, today, steel is almost a Tk 50,000 crore industry.

Source: https://www.thedailystar.net/business/news/steel-industry-booming-mega-projects-1735855

Bangabandhu satellite to connect local TVs, ATMs

Alongside providing feed to local television channels (TVs), Bangabandhu satellite-I (BS-I) is set to connect automated teller machines (ATM) to offer uninterrupted and secured banking services. As per the officials, isolated parts of the country were also going to be connected with internet services using the bandwidth of the country’s first geostationary communication satellite which would complete one year of its launching on May 12. Talking to BSS, Bangladesh Communication Satellite Company Limited (BCSCL) chairman Shahjahan Mahmood on Saturday said all local TVs would be connected by May 12 while trial run of ATMs was going on for the final demonstration during the celebration of the launching anniversary. Initially, Dutch-Bangla Bank Limited (DBBL) would launch the trial run of an ATM using bandwidth of BS-I at the anniversary ceremony in presence of Prime Minister Sheikh Hasina. Replying to a query, the BCSCL chairman said BS-I would provide most secured service for ATM than fibre-based connection and ‘no scope is here of any information leakage. Besides, an initiative had also been taken to provide 3G and broadband internet connectivity using BS-I to the people of Hatia Island and other isolated parts in the country. At present, the country has nearly 40 private satellite TVs while total number of ATM booths is over 7,000.

Source: http://www.newagebd.net/article/70983/bangabandhu-satellite-to-connect-local-tvs-atms

Three Companies finance Kushiara Power

The syndicated term loan closing ceremony of raising USD 50 million and BDT 3,900 million for Kushiara Power Company Limited of Max Group was held at The Westin Dhaka recently. IDCOL is the Lead Arranger for this syndicated financing facility. Financiers to this transaction include IDCOL, Pubali Bank Limited, and NCC Bank Limited. Dr. Tawfiq-e-Elahi Chowdhury, Energy Adviser to the Prime Minister was the Chief Guest of the ceremony while Mr. Manmohan Parkash, Country Director – Bangladesh Resident Mission, Asian Development Bank, was the Special Guest. Kushiara Power Company Limited, a concern of Max Group, is a 163 MW natural gas fired combined cycle power plant located at Fenchuganj, Sylhet.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/three-cos-finance-kushiara-power-1556379157

Prime Bank Signed Prime Payroll with Eminence Chemical

Prime Bank has recently signed a ‘Prime Payroll’ agreement with Eminence Chemical Industries Limited. In presence of Md. Touhidul Alam Khan, Deputy Managing Director & CBO of Prime Bank, the agreement was signed by Mamur Ahmed, Head of Consumer Sales & Collection of Prime Bank and Belayet Hussain, Managing Director of Eminence Chemical Industries Limited.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/prime-payroll-inked-1556379248

Industry 4.0 readiness to shape future generations

As per the Chairman of ACI Group, existing Bangladesh’s stakeholders’ preparedness in Industry 4.0 will shape how they are remembered by future generations. The scale of tech jobs will be overwhelming having economical, political and societal impacts, while many traditional jobs will give way to those suited to the day and age, he said during a keynote presentation at the 2nd International Conference on Business and Management 2019 (ICBM) on Friday. Brac University’s (BracU) Brac Business School (BBS) organised the three-day event bearing the theme “Industry Focused Global Research Trends in Business and Management” at The Westin Dhaka.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/industry-40-readiness-to-shape-future-generations-1556379001

24 Companies to get ‘OSH Good Practice Award’ today

A total of 24 local companies from five sectors will be awarded today (Sunday) for their outstanding contribution in ensuring occupational safety and health (OSH) in respective workplaces. The government will hand over the ‘OSH Good Practice Award’ to the companies at a ceremony, organised by the Ministry of Labour and Employment (MoLE) at Krishibid Institution Bangladesh in the city. A wide range of activities will take place today to celebrate the National OSH Day with the theme – ‘Safe Workplace: Bangladesh towards Sustainable Development’.

Source: http://today.thefinancialexpress.com.bd/trade-market/24-cos-to-get-osh-good-practice-award-today-1556379806

Janata Bank Ltd organised Branch Managers Conference

Chief Executive Officer & Managing Director of Janata Bank Ltd Md Abdus Salam Azad addressing as the chief guest at a branch managers’ conference of Dhaka south divisional office of the bank in the city recently with deputy managing directors Md Ismail Hossain, Md Zikrul Hoque and Md Tajul Islam present.

Source: http://today.thefinancialexpress.com.bd/trade-market/chief-executive-officer-managing-director-of-janata-bank-ltd-md-abdus-salam-azad-addressing-1556379897

The 33rd Annual Business Conference of Green Delta Insurance Company Limited

The 33rd Annual Business Conference of Green Delta Insurance Company Limited was held in Dhaka on Saturday. Md. Abdul Karim, Chairman of the company, chaired the event as the chief guest. Farzanah Chowdhury, Managing Director & CEO and Nasir A. Choudhury, Advisor and Founding Managing Director seen.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/the-33rd-annual-business-conference-of-green-delta-insurance-company-limited-was-held-in-dhaka-on-saturday-1556379079

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DSEX5,266.17946 ↑25.814↑0.49%
DJIA26,543.33 ↑81.25↑0.31%
Nikkei 225 22,258.73 ↓48.85↓0.22%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 63.30↓1.91↓2.93%
Crude Oil (Brent)$ 72.15↓2.20↓2.96%
Gold Spot $1,286.16 ↑8.99↑0.70%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.3395
GBP 1BDT 107.5750
EUR 1BDT 92.8660
INR 1BDT 1.1894





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