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 05, 2018

DSEX crosses 5,300-mark; stocks soar

Stocks ended higher on Tuesday with core index crossed the 5,300-mark again as investors showed their buying spree on banking and telecommunication issues. Market insiders said some institutional investors were active on sector specific issues, particularly banking, financial institutions and telecommunication. The market opened on positive note and the upward trend continued till end of the session with no sign of reversal, finally DSEX ended more than 48 points higher. DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,345, advancing 48.87 points or 0.92 per cent over the previous day. Two other indices—the DS30 index and the DSE Shariah Index (DSES)–also ended higher. The DS30 index, comprising blue chips, advanced 14.41 points to finish at 1,870 and the DSE Shariah Index rose 9.60 points to close at 1,234. Turnover, another important indicator of the market, also rose to Tk 6.83 billion, which was 24 per cent higher than the previous day’s turnover of Tk 5.49 billion. A total number of 164,286 trades were executed in the day’s trading session with trading volume of 214.05 million securities. The market capitalization of the DSE stood at Tk 3,840 billion on the day which was Tk 3,817 billion in the previous day. The port city bourse traded 13.67 million shares and mutual fund units worth more than Tk 326 million in turnover.

Source: https://thefinancialexpress.com.bd/stock/dsex-crosses-5300-mark-stocks-soar-1543916308

Tk 100cr business by paper millers in Election

Election candidates’ spending on campaigning posters is likely to create about Tk 100 crore of business for the paper and printing industries, which although a drop in the ocean for the Tk 7,200 crore market is being welcomed by printers and millers. Paper millers estimate that up to 14,000 tonnes of paper would be required to print posters, ballot papers and other materials in the run up to the 11th general election scheduled for December 30. We are taking on the task of printing election posters with a festive heart. Since a competitive election is expected this time owing to participation of two mega alliances, paper millers are assuming the demand for posters will be higher than in the previous election. It appears not more than 8,000 tonnes of paper might be needed for printing posters and other campaign materials by candidates and ballots. The prices of printing paper are very high, averaging Tk 95,000 per tonne. Based on the demand projection and prices, it is likely that election will generate about Tk 100 crore worth of demand for paper and printing.

Source: https://www.thedailystar.net/business/news/tk-100cr-business-1669183

Total premium income of pvt life ins cos rises to Tk 77,318m in 2017

The total premium income of private life insurance companies increased to Tk 77,318 million in 2017 against Tk 70,954 million in 2016. The total assets of the private life insurance companies also rose to Tk 370,565 million in 2017 as against Tk 327,676 million in 2016. The figures were disclosed at the latest annual report of Bangladesh Insurance Association, placed in the 31st Annual General Meeting (AGM) of the association held at Dhaka Club on Monday. The gross premium income of non-life private insurance companies increased from Tk 25,393 million in 2016 to Tk 26,694 million in 2017 registering a growth rate of 5.12 per cent. The total assets stood at Tk 75,495 million in 2017 whereas it was Tk 67,847 million in 2016. The total investment stood at Tk 38,635 million in 2017 while, it was Tk 34,017 million in 2016. The representatives of the insurance companies discussed different aspects of the Annual Report 2017 as well as highlighted some of the activities of the Association in the meeting. The AGM adopted the audited accounts of the Association and the report of the auditors for the year ended on 31st December, 2017.

Source: https://thefinancialexpress.com.bd/stock/total-premium-income-of-pvt-life-ins-cos-rises-to-tk-77318m-in-2017-1543898920

Inflation sinks to 18-month low

Inflation dropped to the lowest in 18 months in November on the back of a fall in non-food inflation. Last month, inflation stood at 5.37 percent, down 3 basis points from October, according to the Bangladesh Bureau of Statistics. The last time inflation was this low was back in March 2017, when it stood at 5.39 percent. Inflation has been sliding for the last few months because of a decrease in food price, but November’s decline was different: it was due to a decrease in non-food inflation. Non-food inflation dropped 41 basis points to 5.49 percent in November, after climbing 45 basis points in October from a month earlier. Since the exchange rate remained stable, non-food inflation dropped, said Planning Minister AHM Mustafa Kamal while unveiling the inflation data yesterday. The government has targeted to keep inflation within 5.6 percent in fiscal 2018-19. In November, food inflation rose 21 basis points to 5.29 percent from the previous month. This was preceded by a decline of 34 basis points in October from that of the previous month. Food inflation has been falling continuously in the past couple of months. The inflation rate in Vietnam edged down to a seven-month low of 3.46 percent in November from 3.89 percent in October. In India inflation fell to 3.31 percent in October from 3.7 percent in September.

Source: https://www.thedailystar.net/business/news/inflation-sinks-18-month-low-1669177

Bangladeshi stall draws crowds at Delhi fair

The Bangladesh pavilion in Delhi Commonwealth Women Association (DCWA) and Diplomatic Community Bazar has drawn a huge number of visitors for its low-cost garment products and traditional food items. More than 30 countries participated in the fair displaying their renowned products like garments, food, chocolates and beverage items in more than 100 stalls set up inside the fair venue at Nehru Park in the Indian capital on Sunday. Famous Turkish, Spanish, Indian, European and Asian cuisines attracted a large number of visitors especially from the diplomatic missions in New Delhi, according to a press release received here yesterday. We are participating in the fair every year with Bangladeshi products and getting huge attention from visitors as they are fond of our garments and delicious food items like pitha, chatpati and biriyani.

Source: https://www.thedailystar.net/business/news/bangladeshi-stall-draws-crowds-delhi-fair-1669162

Sonali Aansh recommends 10pc cash dividend

The board of directors of Sonali Aansh Industries Limited has recommended 10 per cent cash dividend for the year ended on June 30, 2017. The final approval of recommended dividend will come during the annual general meeting scheduled to be held on December 31 at 11:30am in Dhaka. The record date for entitlement of interim dividend is December 20, 2017. The company has also reported earnings per share (EPS) of Tk 1.65, net asset value (NAV) per share of Tk 225.19, and net operating cash flow per share (NOCFPS) of Tk 31.06 for the year ended on June 30, 2017 as against Tk 1.59, Tk 224.54 and Tk 35.33 respectively for the same period of the previous year. In 2016, the textile company disbursed 12 per cent cash dividend. Sponsor-directors own 55.86 per cent stake in the company while the institutional investors own 5.63 per cent and the general public 38.51 per cent as on October 31, 2017, the DSE data shows.

Source: https://thefinancialexpress.com.bd/stock/sonali-aansh-recommends-10pc-cash-dividend-1543903361

Stimulus for jute millers

The government has offered a stimulus package to debt-stricken jute millers with a view to giving a boost to export earnings by the sector. Under the package, banks will move the outstanding loans of a debt-ridden miller to a block account and offer a two-year grace period to repay the loans. The millers will also get a repayment period of 10 years and a lower interest rate, to be set based on the cost of fund of banks, according to a central bank notice sent to lenders on Monday. The central bank issued the circular as per an instruction of the finance ministry. The ratio of defaulted loans in the jute sector stood at 19 percent of the total outstanding loans of Tk 7,961 crore as of June last year, according to data from the central bank. The government has come up with the package following repeated appeals from Bangladesh Jute Mills Corporation, Bangladesh Jute Mills Association, and Bangladesh Jute Spinners Association. Last fiscal year, the sector brought home $1.02 billion in exports, up 6.56 percent year-on-year, according to data from the Export Promotion Bureau.

Source: https://www.thedailystar.net/business/news/stimulus-jute-millers-1669180

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DSEX5,345.42738↑ 48.87647↑0.92%
Nikkei 22521,946.94↓89.11↓0.40%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 52.34↓0.91↓1.71%
Crude Oil (Brent)$ 61.00↓1.08↓1.74%
Gold Spot$ 1,235.33↓3.21↓0.26%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.5594
GBP 1BDT 106.1539
EUR 1BDT 94.6812
INR 1BDT 1.1817





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