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 17, 2017

Banks asked to receive application even if export proceeds not repatriated

Bangladesh Bank on Wednesday asked commercial banks to receive the applications submitted by the exporters against their claimed subsidy and cash incentive even if the export proceeds were not repatriated. The exporters, however, will get the cash incentive and subsidy against their exported items after the repatriation of the export proceeds. In such case, the banks earlier did not accept the applications from the exporters if the export earnings were not repatriated to Bangladesh. The BB issued a circular to authorised dealer branches of all banks asking them to follow the new directives so that the exporters could enjoy the subsidy and cash incentive instantly after repatriation of export earnings.The banks, however, will have to take prior approval from the central bank before processing the applications.

Source:  http://www.newagebd.net/article/22138/banks-asked-to-receive-application-even-if-export-proceeds-not-repatriated

HSBC launches app to help clients track global trade transactions

HSBC yesterday introduced a new mobile banking application for exporters and importers in Bangladesh to give them an edge in tracking international trade transactions digitally. The world’s leading trade bank unveiled the HSBC net Trade Transaction Tracker at a ceremony at the Westin hotel in Dhaka. The app can be used on iPhones and all android smartphones. It will provide HSBC customers with a real-time view of their documentary credits, collections and payments across markets and countries worldwide.“The HSBC Trade Transaction Tracker helps customers manage their trade banking activities more efficiently,” Ajay Sharma, regional head of global trade and receivables finance of HSBC Asia Pacific, said at the launch.

Source:   http://www.thedailystar.net/business/hsbc-launches-app-help-clients-track-global-trade-transactions-1449865

Al-Arafah signs MoU with aamra Payment

Al-Arafah Islami Bank Limited Wednesday signed a Memorandum of Understanding (MoU) with aamra Payment Systems Limited (APSL), a payment systems service provider, to facilitate development of cutting-edge payment systems and solutions in Bangladesh. The MoU signing ceremony was held at Al-Arafah Tower, the Head Office of the Bank. Alhajj Abdus Samad, Chairman of the Bank and Syed Faruque Ahmed, Chairman of aamra companies were present on the occasion where Managing Director of Al-Arafah Islami Bank Limited Md. Habibur Rahman and Managing Director of aamra technologies Syed Farhad Ahmed signed the agreement on behalf of their respective organizations.

Source: http://print.thefinancialexpress-bd.com/2017/08/17/180805

NRBC Bank signs MoU with US Bangla Airlines

A Memorandum of Understanding (MoU) was signed recently between the NRBC Bank Limited and US Bangla Airlines Limited. As per the agreement, all VISA Card holders of NRBC Bank will enjoy three and six months of zero per cent Simplebuy Facility (monthly instalment) on various packages offered by the airlines company. Kazi Safayet Kabir, Executive Vice-President and Head of FI and ADC of NRBC Bank, and Sohail Majid, Deputy Director, Marketing and Sales of US Bangla Airlines, signed the MoU on behalf of their respective sides.

Source:  http://print.thefinancialexpress-bd.com/2017/08/17/180820

Sonali Bank Limited and Pran Dairy

Finance Minister AMA Muhith was present as a memorandum of understanding was signed between Sonali Bank Limited and Pran Dairy on Wednesday at a city hotel.

Source: http://print.thefinancialexpress-bd.com/2017/08/17/180822

South Bangla Agriculture & Commerce (SBAC) Bank Ltd

South Bangla Agriculture & Commerce (SBAC) Bank Ltd recently accorded a farewell reception to its former managing director and CEO Md. Rafiqul Islam. The bank’s managing director and CEO (CC) Md. Golam Faruque handed over a crest to the past managing director.

Source: http://print.thefinancialexpress-bd.com/2017/08/17/180815

Rice import gets boost

Disclosing for the first time this year’s crop loss figure, the government yesterday decided to slash the tax on rice imports to 2 percent from 10 percent. Flashfloods in the six northeastern haor districts and fungal attacks (rice blast) in 19 districts in the Boro season have caused 20 lakh tonnes of crop loss, said the food ministry.At least 20 districts in the north and elsewhere in the country have been flooded over the past few days. Against this backdrop, a cabinet committee meeting at the secretariat yesterday approved the government’s decision to import 20 lakh tonnes of food grains – 15 lakh tonnes of rice and 5 lakh tonnes of wheat – in the current fiscal year. This is an 11 lakh tonnes addition to the government’s earlier projected food import volume of 9 lakh tonnes.

Source: http://www.thedailystar.net/frontpage/rice-import-gets-boost-1449682

Bangladesh now attractive FDI destination: Japanese envoy

Outgoing ambassador of Japan in Dhaka Masato Watanabe on Wednesday said Bangladesh has turned into an attractive destination for Foreign Direct Investment (FDI), reports BSS.”The present government has initiated economic development under the leadership of Prime Minister Sheikh Hasina. For this, the country has become an attractive destination for FDI,” he said while paying a farewell call on Industries Minister Amir Hossain Amu at the Industries Ministry in the city. During the meeting, they discussed various bilateral issues, including Japanese investment, technology transfer and relocation of Japanese factories to Bangladesh.Informing about the establishment of Special Economic Zone (SEZ) for Japanese entrepreneurs, Amu said the Japanese businessmen can invest in the economic zone.

Source:  http://www.thedailystar.net/business/imports-rise-9pc-economy-heats-1449247

Regent to operate a flight every day on Doha route

Regent Airways yesterday announced operating a flight every day on the Doha route from August 24, the airline said in a statement.The private carrier now operates four flights a week from Dhaka and Chittagong on the route.Regent started flights on Dhaka-Doha route on May 19 this year. It also started flights from Chittagong to Doha route on July 2.Regent Airways is now operating a total of seven international routes.Regent will start another new international route for Dammam of Saudi Arabia in October.


Bangladeshi consumers very optimistic: Mastercard survey

Bangladesh is the third most optimistic market in the Asia Pacific thanks to consumers’ positive outlook on stockmarket, jobs and income, according to the Mastercard Index of Consumer Confidence released yesterday.In the first half of 2017, the country’s score in the index rose 6.6 points to 89.4 compared to the second half of 2016.The index is calculated on a scale of 0 to 100, with zero being the most pessimistic, 100 the most optimistic and between 40 and 60 being neutral.With the increase, Bangladesh moved further into the ‘very optimistic’ territory, with improvement in all five components that made up the index.Cambodia leads the region as the most optimistic market with 93.1 points. Vietnam (90.8), the Philippines (88.8) and China (88.2) rounded off the top five.This is the most comprehensive and longest running survey of its kind in the region.

Source:   http://www.thedailystar.net/business/bangladeshi-consumers-very-optimistic-mastercard-survey-1449868

World Commodities

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)*$46.90↑0.12↑0.26%
Crude Oil (Brent)*$ 50.51↑0.24↑0.48%
Gold Spot*1,287.44↑4.33↑0.34%

Major Currencies Exchange Rates Movement in Last Seven Days

Exchange Rates
USD 1BDT 80.84*
GBP 1BDT 104.35*
EUR 1BDT 95.25*
INR 1BDT 1.26*





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