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, 2020

Poor paid-up capital of DSE brokers haunt investors

Paid-up capital of a significant number of brokerage firms of Dhaka Stock Exchange (DSE) still remain poor compared to stipulated capital requirements set to avert the risk of doing business. The Bangladesh Securities and Exchange Commission (BSEC) enacted the risk based rules in May 29, 2019 setting minimum capital requirement ranging between Tk 50 million and Tk 150 million for the stock brokers in accordance with the nature of their operations. The BSEC set the minimum capital requirements following the bitter experience of 2010-11 stock market crash for which lenders were blamed for disbursing margin loans beyond their capacity of controlling risks. Of 250 brokerage firms, the paid-up capitals of six are still below Tk 10 million, while 15 brokerage firms have paid-up capital worth Tk 10 million each. According to DSE information, 93 brokerage firms are doing business with paid-up capitals ranging from above Tk 10 million to Tk 50 million each. The paid-up capitals of the remaining brokerage firms are above Tk 50 million each. According to Bangladesh Securities and Exchange Commission (Risk Based Supervision) Rules, 2019, a general stock broker must have a minimum regulatory capital worth Tk 50 million as base requirement. Regulatory capital means the minimum amount of total capital (sum of core capital and supplementary capital) requirement that the intermediaries are required to main on continuous basis. A stock broker having involvement with wholesale trading will have an additional capital worth Tk 30 million over the base requirement. A stock dealer will have an additional Tk 20 million over the base requirement, but minimum Tk 20 million is required if the entity works as stock dealer only. And a full functional stock broker and stock dealer will have a minimum regulatory capital worth Tk 150 million.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/poor-paid-up-capital-of-dse-brokers-haunt-investors-1588002540

Dhaka Bank Khulna Branch donated Tk 1.0 million to DC Office, Bagerhat

Dhaka Bank Limited donated Tk 1.0 million to Bagerhat DC Office to support poor and underprivileged people of Bagerhat district to fight coronavirus pandemic. Mehedi Zaman Khan, Manager, Khulna Branch, handed over the cheque to Ishtiaq Ahmed, Executive Magistrate, DC Office, Bagerhat.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/dhaka-bank-donated-tk-10-million-1588002593

MTB employees donate one-day salary

Employees of Mutual Trust Bank Limited (MTB) donated their one-day salary for the people in need who have been suffering during the nationwide shutdown due to the coronavirus pandemic, and to help fight the coronavirus outbreak in the country. “The country and its people have given us many successes and now, this is our duty to stand beside our country and its people during their time in distress”, MTB Managing Director & CEO Syed Mahbubur Rahman said. He also expressed heartfelt gratitude to all employees of MTB for their support towards the cause of the nation.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/mtb-employees-donate-one-day-salary-1588002621

BBS Cables handed over PPE

BBS Cables Ltd handed over personal protective equipment (PPE), mask and gloves to health care providers, hospitals, health workers, administrative service providers, thana and other government office representatives in different districts and upazilas of the country recently. Managing Director of BBS Cables Eng. Abu Noman Howlader, Director Eng. Muhammad Badrul Hassan and Eng. Muhammad Rohul Majid were present on the occasion.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/bbs-cables-handed-over-ppe-1588002791

GSK Bangladesh had a stunning turnaround in 2019

GSK Bangladesh’s profits surged in 2019 even though the British multinational saw a decline in turnover thanks to the relief from incurring losses from its pharma unit. Last year, the company’s profits stood at Tk 98.57 crore in 2019, up from the Tk 63.54 crore losses it had logged in for the previous year. This year’s earnings per share stood at Tk 81.83, which is its highest yet since it got listed in the Dhaka Stock Exchange in 1976. “The shuttering of our loss-making pharma unit has brought this result to our balance sheet,” said Masud Khan, chairman of GSK Bangladesh In 2019, its revenues amounted to Tk 447.5 crore, down 7.1 per cent year-on-year, thanks to lower sales of Horlicks, a sweet malted milk-based beverage that has been one of the crown jewels in its portfolio since ages. After the shutdown of its pharma unit in 2018, the company’s focus turned to its consumer healthcare business, where Horlicks is its premier brand. In 2019, sales of the company’s powder products, including Horlicks, dropped 11.08 per cent to Tk 404.17 crore. Horlicks, which can be bought for as low as Tk 10 in sachets, increased its market penetration to 8.9 per cent in 2019 from 6.9 per cent in 2018. However, the large packs of Horlicks faced a challenging market situation this year with a decline in average household consumption. Sales of GSK Bangladesh’s oral product, like Sensodyne, rose 59.75 per cent to Tk 43.31 crore. But for now, the company is rewarding its shareholders generously: it is set to distribute 530 per cent cash dividend for the year ended on December 31, 2019. Some 18 per cent of the company’s shares are with the public. Stocks of the multinational company traded at Tk 2,046 on March 25, the last day of trading before it went on recess for the outbreak of coronavirus in Bangladesh.

Source: https://www.thedailystar.net/business/news/gsk-bangladesh-had-stunning-turnaround-2019-1897465

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
↑ 358.51↑ 1.51 %
FTSE1005846.79↑ 94.56↑ 1.64 %
Nikkei 22519754.04↓ 29.18↓ 0.15 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 11.21↓ 1.57↓ 12.28 %
Crude Oil (Brent)$ 19.18↓ 0.81↓ 4.05 %
Gold Spot$ 1693.78↓ 20.21↓ 1.18 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.1662
GBP 1BDT 103.271
EUR 1BDT 90.1032
INR 1BDT 1.09883





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