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 -August 03, 2017

Mutual Trust Bank Limited (MTB)

Mutual Trust Bank Limited (MTB) has recently signed an agreement with Guardian Life Insurance Limited. Under this agreement, MTB Credit Card holders will enjoy triple benefits insurance facilities through Guardian Life Insurance Limited, in case of specific unanticipated events. This arrangement will enable MTB cardholders to enjoy life insurance coverage up to BDT 4 million. M M Monirul Alam, Managing Director & CEO, Guardian Life Insurance Limited and Anis A. Khan, Managing Director & CEO, Mutual Trust Bank Limited signed the agreement on behalf of their respective organisations. Tapan Chowdhury, Chief Patron also seen.

Source: http://print.thefinancialexpress-bd.com/2017/08/03/179542

Ali Reza Iftekhar, Managing Director and CEO of Eastern Bank

Ali Reza Iftekhar, Managing Director and CEO of Eastern Bank, Shaheen Khan, CEO of Gemcon Food and Agricultural Products Ltd (Meena Bazar), TR Ramachandran, Visa’s Group Country Manager, India and South Asia and senior officials of the concerned organisations at the formal launching of EBL- Meena Bazar Co-branded card in Dhaka recently.

Source: http://print.thefinancialexpress-bd.com/2017/08/03/179544

New AMD of UCB

Mohammed Shawkat Jamil has been promoted as Additional Managing Director of United Commercial Bank Limited. Prior to that, he was serving the bank as Deputy Managing Director. Mr. Jamil has multifunctional experience in different segments of banking over 34 years including 20 years as Branch Manager across Bangladesh. He started his career as “Probationary Officer” in United Commercial bank Limited in 1983. He has worked and held managerial position of different branches of UCB including Principal Branch. Mr. Jamil obtained different training programmes and seminars at home and aboard.

Source: http://print.thefinancialexpress-bd.com/2017/08/03/179546

Seminar suggests measures for banks

Banks in the country should take immediate steps for ensuring compliance with SWIFT Global’s “Customer Security Programme” (CSP) framework, the deadline being January 01, 2018, speakers said at an event in the capital on Wednesday.As immediate next steps, banking entities should immediately establish cross-functional teams and conduct readiness assessment against mandatory and advisory controls, they said at a knowledge- sharing session organised by PricewaterhouseCoopers Bangladesh.”SWIFT’s CSP is a significant contribution to cyber security and it is important to focus it more on making SWIFT secure due to the high volume of transactions associated with this system”, said ShrikrishnaDikshit, Associate Director of Risk Assurance Services of PwC.

Source: http://print.thefinancialexpress-bd.com/2017/08/03/179594

Savings certificates sell like hotcakes with 55pc growth in FY17

Government’s net borrowings through the state-sponsored savings instruments marked over 55 per cent annual growth to Tk 524.17 billion last fiscal as those turned hotcakes for higher yields.Sources said the savers switch sides as banks squeezed interests on deposits. And the rush for buying savings tools prompted the department concerned to bat for pressing the brake. According to Department of National Savings (DNS) statistics, the net sales of savings certificates worth Tk 524.17 billion in the fiscal year (FY) 2016-17 marked a growth by Tk 74.17 billion over the revised target set in March last.

Source: http://print.thefinancialexpress-bd.com/2017/08/03/179597

Mongla not fit to take heat off Ctg port

Chittagong port grappling with huge vessel congestion, the country’s second sea port in Mongla remains underutilised mainly because of inadequate facilities and low draft, said stakeholders.The port at the southwest coastal belt has the capacity to handle 70,000 TEUs (twenty foot equivalent units) of containers a year.It handled 26,952 TEUs containers in fiscal 2016-17, down 36 percent year-on-year, according to data from the Mongla Port Authority.And despite the recent rise in congestion at the Chittagong port, businesses are not diverting their containers and cargo to Mongla, where the turnaround time for ships is 2.2 days — half of Chittagong port.About 92 percent of Bangladesh’s seaborne trade is done through the Chittagong port. “We do not see any rise in ships. Things are going as usual,” said Mohammad Golam Mostofa, acting chairman of Mongla Port Authority, on Aug 1.Port users blamed the low draft in the channel for the port’s failure to realise its full potential. The draft determines the minimum depth of water a ship or boat can safely navigate.Experts on several occasions in the past said the seaport in Mongla can play a pivotal role in facilitating overseas trade in the southwest part of the nation as well as the landlocked countries such as Nepal and Bhutan.

Source: http://www.thedailystar.net/business/mongla-not-fit-take-heat-ctg-port-1442713

SEZ for Japan to house apparel units

Japanese investors will be able to set up ready-made garments (RMG) units in the country’s Special Economic Zone (SEZ) dedicated for Japan, commerce minister Tofail Ahmed said on Wednesday.”Japanese investment in the country is higher as a single country. We hope it will increase further in the near future,” he told reporters, following a meeting with Japanese ambassador in Dhaka Masato Watanabe at his Secretariat office.Commerce secretary Shubhashish Bose and senior officials of the ministry were present at meeting.Replying to a question, the minister said the government has decided to dedicate a SEZ for Japanese investors where they would be able to set up RMG factories. Presently, around 350 Japanese companies, including RMG and backward linkage factories, are operating in the EPZs.


Indonesia keen to export LNG, coal to BD

Indonesia has expressed its keenness to invest in Bangladesh’s energy sector, especially building LNG infrastructure, and export coal and LNG.Newly appointed ambassador of the East-Asian Muslim country to Bangladesh Rina Suemarno expressed the interest when she called on State Minister for Power and Energy Nasrul Hamid at his office on Wednesday.The Indonesian envoy said her country wants to work with Bangladesh to build a Floating Storage Re-gasification Unit (FSRU) for LNG, and export coal and LNG to the country.She said her country also wants to invest in joint venture projects in poultry, cement and pharmaceutical industries in Bangladesh utilising the experience of the South Asian nation. “Works have advanced a lot. Now, we’re waiting to extend the cooperation,” Suemarno told the meeting.Both the state minister and the ambassador widely discussed different issues.

Source: http://www.observerbd.com/details.php?id=87541

World Commodities

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)*$ 49.40↓0.19↓0.38%
Crude Oil (Brent)*$ 52.15↓0.21↓0.40%
Gold Spot*$ 1,262.77↓3.88↓0.31%

Major Currencies Exchange Rates Movement in Last Seven Days

Exchange Rates
USD 1BDT 80.95*
GBP 1BDT 107.00*
EUR 1BDT 95.89*
INR 1BDT 1.27*





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