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 Aug 21, 2019

Inflation edges up in July

Inflation rose 10 basis points to 5.62 percent in July as both food and non-food prices moved upwards. In June, inflation was 5.52 percent, down 11 basis points compared to the previous month, because of a decline in both food and non-food prices. Planning Minister MA Mannan released the monthly consumer price index report of the Bangladesh Bureau of Statistics at the National Economic Council in Dhaka yesterday. He said the inflation slightly increased in the first month of the fiscal year as prices of vegetables rose because of heavy rains and floods in the rural areas. The floods and rains hampered production and disrupted the supply chain. Besides, people bought more products in Eid-ul-Azha, pushing up the price of both food and non-food items. Food inflation was up two basis points from 5.40 percent in June to 5.42 percent in July, while non-food inflation rose to 5.94 percent last month, up 23 basis points from 5.71 percent a month ago. a very strong growth in remittance in July is likely to have boosted demand pressure on both food and non-food inflation. The spending on the occasion of Eid-ul-Azha added about Tk 40,000 crore to the economy, up 29 percent year-on-year. About Tk 28,687 crore came from cattle sales and the remaining Tk 15,000 crore through the sales of commodities, refrigerators, freezers, clothing and furniture alongside transportation and tourism.

Source: https://www.thedailystar.net/business/news/inflation-edges-july-1787974

Monno Jute Staffers share jumps 108pc in a month sans PSI

The share price of Monno Jute Stafflers is soaring without any price sensitive information (PSI) as the company’s price surged further by 3.88 per cent on Tuesday. In last one month, the company’s share price jumped more than 108 per cent or Tk 742 each to close at Tk 1,429 on Tuesday. The company’s share price was Tk 686.90 each a month ago on July 21 on the Dhaka Stock Exchange (DSE). The price ranged between Tk 641.10 and Tk 5,634.20 in last one year, according to DSE data. Following the recent abnormal price hike, the DSE served show-cause notice on the company on Tuesday. Investors should be careful about the unusual price hike of low-cap companies and should not pay any heed to rumors at the time of trading shares. The company’s Earnings Per Share (EPS) stood at Tk 5.70 for July 2018-March 2019 as against Tk 2.95 for July 2017-March 2018.The Net Operating Cash Flow Per s Share (NOCFPS) was Tk 4.38 for July 2018-March 2019 as against Tk 19.16 for July 2017-March 2018. The Net Asset Value (NAV) per share was Tk 17.54 as on March 31, 2019 and Tk 53.30 as on June 30, 2018.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/monno-jute-stafflers-share-jumps-108pc-in-a-month-sans-psi-1566313768

Ten Companies snare 29pc transaction

Ten most-traded companies accounted for 29 per cent transactions on the Dhaka Stock Exchange (DSE) on Tuesday. United Power Generation & Distribution Company topped the list again. Market analysts said investors showed their appetite on United Power shares after that the company recommended healthy dividend for the year ended on June 30, 2019. The power generation company has recently recommended 130 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2019. The record date is on September 8. The United Power and its major shareholder United Mymensingh Power recently executed an agreement with an international private equity group for an investment of Tk 8.5 billion (approximately US$100 million) which also encouraged investors. According to statistics available with the DSE, 763,147 shares of United Power were traded, generating a turnover of nearly Tk 301 million, which was 6.36 per cent of the total turnover. The total turnover on the DSE stood at Tk 4.73 billion on Tuesday, down from Tk 4.85 billion in the previous session. The company’s share closed at Tk 394.40 each, gaining 0.72 per cent over the previous day. The company has also reported consolidated Earnings Per Share (EPS) of Tk 16.08, consolidated Net Asset Value (NAV) per share of Tk 62.80 and consolidated Net Operating Cash Flow Per Share (NOCFPS) Tk 16.14 for the year ended on June 30, 2019.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/ten-companies-snare-29pc-transaction-1566313856

BD to be Ninth source country

Bangladesh is going to be enlisted as a source country in terms of sending workers to Japan, creating scope for employment of its skilled labor. Both the nations will sign a memorandum of understanding styled ‘Specialized Skilled Workers’ on August 27. Once this deal is done, Bangladesh will be the ninth source country for the emerging Japanese labor market. Japan as the world’s third-largest economy needs 345,000 foreign workers by the calendar year 2025. It enlisted eight countries including Nepal, the Philippines, Vietnam and Cambodia as source countries for workforce. Bangladesh will be able to send skilled workers for 14 sectors and more than 100 sub-sectors like caregiving, construction and automobile. An official of the ministry concerned said the development came following the recent visit of Prime Minister Sheikh Hasina to Japan. Bangladesh sends technical interns (TIs) to Japan under a Memorandum of Cooperation (MoC) signed by the Bureau of Manpower Employment and Training (BMET).

Source: http://today.thefinancialexpress.com.bd/trade-market/bd-to-be-ninth-source-country-1566315882

Bank Asia inaugurated Central Foreign Exchange Reporting Hub

Bank Asia Ltd inaugurated Central Foreign Exchange Reporting Hub-Gulshan for its Dhaka North Zone Branches. From now onwards, customers will enjoy specialized services in foreign trade related transaction and related reporting will be faster, secured and error-free.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/mercantile-bank-workshop-on-ict-security-awareness-1566234778

Exports smash record in July, fetch $3.89b

Exports brought home record amounts in July, in a development that will bring a huge sigh of relief for the government battling sizeable balance of payments deficit. Last month, overseas shipments fetched $3.89 billion, up 8.66 percent year-on-year, according to data from the Export Promotion Bureau. The amount also exceeded the month’s target by $60.86 million. The amount bested the record for the highest single month export earnings of $3.81 billion logged in May. Of the sum, garment shipments fetched $3.31 billion, up 9.60 percent year-on-year and $97.48 million more than the target for the month. The president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Rubana Huq said that this is a peak month and therefore it is not unnatural for exports to grow. The US-China trade war is working in Bangladesh’s favor.

Source: https://www.thedailystar.net/business/export/news/exports-smash-record-july-fetch-389b-1787980

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
FTSE100 7,125.00↓64.65 ↓0.90%
Nikkei 225 20,596.92 ↓80.30↓0.39%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 56.34 ↑0.13 ↑0.23%
Crude Oil (Brent) $ 60.28 ↑0.25↑0.42%
Gold Spot $ 1,503.85 ↓3.35↓0.24%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 82.9302
GBP 1BDT 100.597
EUR 1BDT 91.9490
INR 1BDT 1.15649





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