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 December 03, 2018

Dhaka Bank wins ‘The Banker Award-2018’

Dhaka Bank Limited has been accredited as ‘Bank of the Year-2018 in Bangladesh’ for banking excellence from THE BANKER. THE BANKER’s’ Bank of the Year’ Awards are regarded as the OSCARS of the Banking Industry. For the last 92 years, THE BANKER has been the world’s leading monthly international financial affairs magazine owned by The Financial Times Ltd, UK, said a statement. Syed Mahbubur Rahman, Managing Director & CEO of Dhaka Bank Limited received the ‘Bank of the Year-2018’ award from THE BANKER in a grand ceremony at Sheraton Grand London Park Lane, London. This year Bank of the Year-2018 awards ceremony was hosted by Fiona Bruceat Sheraton Grand London Park Lane, London. The Banker Awards Ceremony was attended by more than 350 Bank Chairpersons, CEO’s, CFO’s and other senior managers from over 120 countries. During the ceremony award winning crest was handed over to Mr. Syed Mahbubur Rahman, Managing Director & CEO of Dhaka Bank Limited. The recognition of being named as Bank of the Year in Bangladesh by the world’s longest running international banking title is testament to the strong management, sound business model, banking innovations and prudent risk approach of Dhaka Bank Limited.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/dhaka-bank-wins-the-banker-award-2018-1543767073

Exports to India thru’ Benapole soar 65pc

Goods export to India through Benapole land port increased around 65 percent year-on-year to Tk 4,040.35 crore in 10 months to October this year thanks to infrastructure upgrades. Export volume also rose, by 40 percent year-on-year, to 322,000 tonnes during the period. Benapole Customs Commissioner Belal Hossain Chowdhury has attributed the growth to the opening of a dedicated bypass road connecting Benapole and Petrapole for faster transport of export goods and introduction of digital tax processes. Raw materials imported for making goods for renowned brands are now being examined in a day at the port, he said. The products shipped to India mainly include apparel items, leftover garments, rice powder, fish, Mahogany wood, mosquito net materials, jute, thread made from jute goods, jute bags, plastic bottles, ceramics and food items. Export of shirts, t-shirts, jeans and trousers for different luxury brands, including Zara, FHM and Raymond, has also started through the port recently; earlier those were sent through air shipment.

Source: https://www.thedailystar.net/business/news/exports-india-thru-benapole-soar-65pc-1668427

Auto parts market swells on rising demand

The automotive component market in Bangladesh has more than doubled in a space of a decade driven by rising car users, said industry people. Importers bring in engine, alternator, radiator, air conditioner, suspension, brake pads, spoiler, rim, tyre, trim package, body components, among other spare parts needed to serve the booming automotive market. The market size of automotive components was about Tk 1,300 crore to Tk 1,400 crore last year with an annual growth rate of 10 to 12 percent in the last one decade. The market size was not more than Tk 500 crore 10 years age. At least 200 traders import auto spare parts and most of them have workshops. More than 2,500 traders are involved in the component business.

Source: https://www.thedailystar.net/business/news/auto-parts-market-swells-rising-demand-1668445

Apparel sector leaders pay tribute to Annisul Huq

Leaders of the country’s apparel industry paid tribute on Sunday to late mayor Annisul Huq and recalled his great contributions to society and the business arena. Annisul Huq, the mayor of Dhaka North City Corporation (DNCC) who also served as president of the country’ apex trade body FBCCI, the BGMEA and the SAARC Chamber of Commerce and Industry, was a successful organiser, a good human being and active social worker, they said. They made the remarks at a meeting in memory of Annisul Huq, organised by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) at its complex in the city. Terming him a humble and gentle leader, BGMEA president Md Siddiqur Rahman said Annisul Huq became successful in all fields — from business to politics — due to his strong leadership.

Source: http://today.thefinancialexpress.com.bd/trade-market/apparel-sector-leaders-pay-tribute-to-annisul-huq-1543770533

City Bank wins best digital bank award

City Bank has been named the ‘Best Consumer Digital Bank in Bangladesh 2018’ by Global Finance. This is for the fourth time, the bank recently received such accolade from this North America based top financial publication known for recognising fintech innovations worldwide. City Bank’s robust, state-of-the-art digital banking platform, Citytouch, has been very popular among its customers. As Bangladesh has been observing constantly increasing mobile penetration for a while now, a platform like ‘Citytouch’, which is designed to bring together all the conveniences of banking to the internet-enabled devices, is more relevant than ever before and this award is recognising this achievement.

Source: http://today.thefinancialexpress.com.bd/trade-market/city-bank-wins-best-digital-bank-award-1543770568

LafargeHolcim will merge with Holcim Cement

LafargeHolcim Bangladesh Limited (LHBL) will merge with Holcim Cement (Bangladesh) Limited (HBL), a 100 per cent subsidiary of the former. The HBL will merge with the company (LHBL), and the company shall be the surviving entity. The share price of the LHBL closed at Tk 41.50 each on Sunday with a marginal rise of 2.22 per cent or Tk 0.90 on the Dhaka Stock Exchange (DSE). The company (LHBL) will provide updates to the regulatory authorities and shareholders, as and when required, in conformity with applicable laws. The LHBL, presently, an ‘A’ category company, was listed on the stock exchanges in 2003. The company’s sponsor-directors hold 64.68 per cent shares, institutes 16.02 per cent, foreign shareholders 1.03 per cent and general public 18.27 per cent as of October 31, 2018.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/lafargeholcim-will-merge-with-holcim-cement-1543767013

Shakhawat Hossain receiving the National Export Trophy

Managing Director of Paramount Textile Shakhawat Hossain receiving the National Export Trophy for the year 2015-2016 from Prime Minister Sheikh Hasina at a programme organised jointly by the commerce ministry and EPB in the city on Sunday.

Source: http://today.thefinancialexpress.com.bd/country/bogura-flower-farmers-eye-tk-100m-profit-1543667954

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
Nikkei 22522,641.46↑290.40↑1.30%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 53.71↑2.78↑5.46%
Crude Oil (Brent)$ 62.45↑2.99↑5.03%
Gold Spot$ 1,225.60↑5.08↑0.42%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 85.1535
GBP 1BDT 108.8006
EUR 1BDT 96.6663
INR 1BDT 1.2163





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