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 30, 2019

BSEC decides to review some provisions

The securities regulator decided on Monday to take several steps for the betterment of the stock market. The steps included reviewing the existing provision for requirement of holding of minimum shares (2.0 per cent) for becoming sponsors directors of any listed companies. The Bangladesh Securities and Exchange Commission (BSEC) also decided that no prior permission would be required from the BSEC for issuing shares under private placement. Besides, a minimum of Tk 500 million needs to be raised through initial public offering (IPO) under the fixed price method while the minimum size of IPO under book-building method will be Tk 1.0 billion. The decisions were taken at a meeting of the BSEC with the stakeholders, including the Dhaka Stock Exchange (DSE), Chittagong Stock Exchange (CSE) and merchant bankers, at the BSEC office in the city. The meeting also decided that the IPO quota for institutional investors would be scrapped unless they discharge their responsibilities accordingly.

Source: http://today.thefinancialexpress.com.bd/last-page/bsec-decides-to-review-some-provisions-1556561599

 Permanent market for SME products on cards: Industries Minister

According to the Industries Minister Nurul Majid Mahmud Humayun, a permanent market will be established to facilitate marketing of products to be produced by small and medium enterprises (SMEs). The permanent market will create employment opportunities. It will also help achieve the target of the government’s election manifesto, told the Minister at the fifth buyers and sellers’ conference at Micro Industries Development Assistance and Services (MIDAS) centre in the city. SME Foundation organised a daylong conference with the participation of 45 new women entrepreneurs across the country.

Source: http://today.thefinancialexpress.com.bd/trade-market/permanent-market-for-sme-products-on-cards-1556562851

 Govt to incentivise migrant workers sending remittances

According to the director general of the Bureau of Manpower Employment and Training (BMET), the government has taken a decision to provide incentive to Bangladeshi migrant workers in sending remittances. Addressing a consultation programme, BMET DG Salim Reza stated that the ministry of finance has decided in principle to provide incentive to the workers in sending remittance. The move will help protect the interests of the migrant workers as well as increase the flow of inward remittances. The consultation on “Migrants’ Budget” was held in the capital on Monday with Deputy Speaker of the Parliament Fazle Rabbi Miah as the chief guest.

Source: http://today.thefinancialexpress.com.bd/trade-market/govt-to-incentivise-migrant-workers-sending-remittances-1556562755

Coppertech’s IPO lottery draw today

As per the officials, Coppertech Industries will hold initial public offering (IPO) lottery draw today (Tuesday) to allocate 20 million ordinary shares among the successful applicants. The lottery draw will be held at 10:30am at The AGB Colony Community Center, Motijheel in Dhaka. The results will be published on the websites of Dhaka Stock Exchange (DSE), Chittagong Stock Exchange (CSE) and the company after the programme. The securities regulator-Bangladesh Securities and Exchange Commission (BSEC) approved the IPO proposal of Coppertech on December 26, 2018. As per the BSEC approval, the company raised a capital worth Tk 200 million by offloading 20 million ordinary shares under the fixed price method.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/coppertechs-ipo-lottery-draw-today-1556556939

Microsoft sets sights on cloud Business in Bangladesh 

MICROSOFT is targeting to get huge business through its cloud solution segment in Bangladesh, especially from the private sector, as the country has been advancing digitally for the last few years. According to the Sonia Bashir Kabir, managing director for Microsoft Bangladesh, Myanmar, Nepal, Bhutan and Laos, the global software giant has been doing business in the cloud segment in the country since 2016 and has attached more importance to it recently. The MD of Microsoft Bangladesh speaking to The Daily Star on the sidelines of the Microsoft Cloud Innovation Summit at the Bangabandhu International Conference Center in Dhaka and  they are seeing huge business prospects in Bangladesh as there are 16 crore people in the country and they are generating huge data.

Source: https://www.thedailystar.net/business/global-business/news/microsoft-sets-sights-cloud-business-bangladesh-1736881

 Fazle Fahim new FBCCIPresident                                                      

Apex trade body FBCCI has named Sheikh Fazle Fahim as president for the 2019-2021 term, reports bdnews24.com. Md Ali Ashraf, MP, Chairman of the FBCCI Election Board, officially announced the names of the new office bearers on Monday after the candidates were elected unopposed. Fazle Fahim representing the Gopalganj Chamber of Commerce and Industry has been elected the 22nd president of the umbrella trade body of Bangladesh. Md Muntakim Ashraf representing Bangladesh Cold Storage Association has been elected senior vice president.

Source: http://today.thefinancialexpress.com.bd/last-page/fazle-fahim-new-fbcci-president-1556561695


The 4th Extra-ordinary General Meeting (EGM) and 23rd Annual General Meeting (AGM) of Dutch-Bangla Bank Limited were held on Monday at Pan Pacific Sonargaon Hotel, Dhaka. In presence of the shareholders, among others, it was resolved that as per Bangladesh Bank guideline, the Authorized Capital of the Bank would be increased to Tk.15,000 million from Tk.4,000 million. In this connection, amendments of the Memorandum and Articles of Association of the Bank were also approved by the shareholders in the 4th EGM of the Bank.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/dbbl-holds-agm-egm-1556557025

BASIS President becomes FBCCI Director

Bangladesh Association of Software and Information Services (BASIS) President Syed Almas Kabir has become a director of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI). Syed Almas Kabir joined the FBCCI board of directors for the period of 2019-21.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/basis-president-becomes-fbcci-director-1556557129

 Apex trade body to seek cut in Corporate tax rates

The country’s apex trade body is set to propose upward adjustment of tax-free threshold for individual taxpayers, reduction in the corporate tax rates and withdrawal of advance tax for import of raw materials for the upcoming budget. In its budget proposal for financial year (FY) 2019-20, the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) will also suggest carrying out an impact assessment on the new VAT law. It will also seek clarification on the proposed changes in VAT rates in the new VAT law that may replace the existing measures, including tariff value, value declaration process and the protection of local industry through Supplementary Duty (SD).

Source: http://today.thefinancialexpress.com.bd/first-page/apex-trade-body-to-seek-cut-in-corporate-tax-rates-1556560701

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA26,554.39 ↑11.06↑0.04%
Nikkei 225 22,258.73↓48.85↓0.22%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 63.40↓0.10↓0.16%
Crude Oil (Brent)$ 71.85↓0.19↓0.26%
Gold Spot$1,282.37 ↑2.47↑0.19%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.0016
GBP 1BDT 107.3020
EUR 1BDT 92.6685
INR 1BDT 1.1855





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