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 26, 2018

Beximco approves 10 per cent dividend

Bangladesh Export Import Company Limited (Beximco) approved 5.0 per cent cash and 5.0 per cent stock dividend (bonus share) for the year ended on June 30, 2018 in its 45th annual general meeting (AGM) held at Beximco Industrial Park, Sarabo, Kashimpur, Gazipur recently. The company achieved sales of Tk 25,287.57 million and earned a gross profit and net profit of Tk 7,962.05 million and Tk 1,320.90 million respectively for the year ended on June 30, 2018. A large number of shareholders attended in the meeting. The shareholders were highly satisfied with the company’s performance during the year and also approved the Directors’ Report, Audited Financial Statements for the year ended on June 30, 2018, appointment of directors and appointment of auditors for the year 2018-19.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/beximco-approves-10-per-cent-dividend-1545758259

Tripura plans tea export to Bangladesh

Indian northeast state of Tripura is planning to export tea to Bangladesh through participating in the auction at Sreemangal in Sylhet. The Indian Chamber of Commerce (ICC) has also taken up the matter with Bangladesh government. Green tea production has already begun in some tea estates of the state. We want to expand it in more tea gardens, but it is a time consuming process. But, it will be done in phases. The TTDC chairman admitted that absence of a logo of Tripura tea is a serious problem for the tea growers to market their produce at a reasonable price. It is very tough to transport finished tea to Siliguri or Kolkata tea auction markets. Once a logo is allotted, this problem will be solved. The TTDC plans to open a tea corner in the capital town next month for display and sale of tea produced in the state.

Source: http://today.thefinancialexpress.com.bd/trade-market/tripura-plans-tea-export-to-bangladesh-1545759011

Sonali Bank to offer services in economic zones

Sonali Bank has teamed up with Bangladesh Economic Zones Authority (Beza) to provide banking services to foreign and local investors of the economic zones across the country. The bank will meet the financing needs of the foreign and local entrepreneurs along with providing services related to foreign currency exchange and offshore banking and establishing ATM booths in the zone areas. An authorised dealer of the bank will also be there inside the economic zones providing treasury transaction services. It is not possible to attract new foreign direct investment without ensuring updated banking services and state-of-the-art technologies.

Source: https://www.thedailystar.net/business/news/sonali-bank-offer-services-economic-zones-1678963

AGM held of International Chamber of Commerce-Bangladesh

Mahbubur Rahman, President of International Chamber of Commerce-Bangladesh, along with Eng. Akber Hakim, newly-elected President of Bangladesh Philippines Chamber of Commerce and Industry (BPCCI) and Shams Mahmud, Vice President of the chamber seen in the 2nd Annual General Meeting (AGM) held recently at Baridhara Cosmopolitan Club, Dhaka.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/mahbubur-rahman-president-of-international-chamber-of-commerce-bangladesh-1545758109

Mustard growers eye bumper yield

Mustard growers have been eyeing a bumper production this season with a hope to recoup losses they suffered previously due to severe crop failures. Farmers and agriculturists expressed optimism that favourable weather condition would bring bonanza for the growers. Mustard seed yield dropped to 0.62 million tonnes in the last season from 0.82 million tonnes the previous season, according to the provisional data of the Bangladesh Bureau of Statistics (BBS). The overall oilseed production saw a sharp decline in the outgoing calendar year 2018 after registering continuous rise during the period from 2014 to 2017. Two spells of flooding in the later part of 2017 led to severe waterlogging which continued until January 2018, badly affecting the cultivation of mustard. As a result, major mustard-growing districts, including Sirajganj, Bogra, Pabna, Rajshahi, Thakurgaon, Kushtia, Jhinaidah, Jamalpur, Madaripur, Tangail and Manikganj, witnessed 20 to 35 per cent crop losses in 2018. A farmer expects to harvest 19 maunds of mustard in February, which could earn him around Tk 37,000 (Tk 1900-Tk 1950 per maund). He counted a loss of Tk 9,000 in the last season as I got only 5.0 maunds of mustard from 2.0 bighas of land. The country produces nearly 10,000 tonnes of honey a year, of which 4,500 tonnes is collected from mustard and other oil seeds and spice fields.

Source: http://today.thefinancialexpress.com.bd/trade-market/mustard-growers-eye-bumper-yield-1545758980

Oil prices to stabilise in first-half of 2019

Russian Energy Minister Alexander Novak said on Tuesday that oil prices, which fell by more than a third this quarter, would become more stable in the first half of 2019. The Organization of the Petroleum Exporting Countries (Opec) and other large oil producers led by Russia agreed earlier this month to cut their combined crude output by 1.2 million barrels per day from January in order to stem the fall in oil prices. Novak said there were no proposals for an extraordinary meeting with Opec, and he attributed the fall in oil prices to macroeconomic factors.

Source: https://www.thedailystar.net/business/news/oil-prices-stabilise-first-half-2019-1678897

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DSEX5,300.09301↑ 18.31726↑0.34%
Nikkei 22519,241.87↑86.13↑0.45%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 42.74↑0.21↑0.49%
Crude Oil (Brent)$ 50.29↓0.18↓0.36%
Gold Spot$ 1,272.74↑4.20↑0.33%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.7467
GBP 1BDT 106.4169
EUR 1BDT 95.5886
INR 1BDT 1.1978





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