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 27, 2018

DSEX crosses 5,300-mark riding on financial stocks

Stocks maintained the upward trend for the sixth straight day on Wednesday as investors showed their buying binge on financial issues. Brokers said the market kept gaining following the news that the securities regulator relaxed the margin rules for another two years till December 31, 2020, which prompted investors to take position. DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,349, advancing 49.08 points or 0.92 per cent over the previous day. The banking sector posted the highest gain, gaining 2.10 per cent, followed by financial institutions with 1.16 per cent, pharmaceuticals 0.70 per cent, food 0.33 per cent and telecommunication 0.16 per cent. Turnover, another important indicator of the market, also rose to Tk 3.88 billion, which was 8.68 per cent higher than the previous day’s Tk 3.57 billion. A total number of 102,387 trades were executed in the day’s trading session with trading volume of 112.87 million shares and mutual fund units.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/dsex-crosses-5300-mark-riding-on-financial-stocks-1545845045

Footwear companies to expand exports to European markets

The Ambassador of Switzerland to Bangladesh Dr. René Holenstein visited Picard Bangladesh – one of the members of Leathergoods and Footwear Manufacturers & Exporters Association of Bangladesh (LFMEAB) – in Savar recently. Swiss Ambassador expressed his appreciation to LFMEAB for hosting the delegation and briefly touched upon areas for development and cooperation that could strengthen the sector, which in turn would enable Bangladesh to further expand its exports to the European markets. The Ambassador toured the factory and had exchanges with the beneficiaries of an initiative supported by the Swiss Agency for Development and Cooperation (SDC) implemented through the Center of Excellence for Leather skill Bangladesh Limited (COEL). This initiative trained 10,000 apprentices in the Bangladeshi leather industry through on-job training. It further trained 6157 women and 6615 individuals under the ‘disadvantaged’ category.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/footwear-cos-to-expand-exports-to-european-markets-1545844987

BSEC approves IPO of Coppertech

The securities regulator has approved the IPO (initial public offering) proposal of Coppertech Industries. The company will raise a capital worth Tk 200 million offloading 20 million shares under the fixed price method. The approval came on Wednesday at a meeting held at the office of the Bangladesh Securities and Exchange Commission (BSEC). The company will utilise the IPO fund to purchase plant and machineries, repay bank loans, and construct building. As per the financial statement for the year ended on June 30, 2018 the company’s net asset value (NAV) per share, without revaluation, was Tk 12.06. The BSEC officials said the suspension period has been extended following a plea of the DSE Brokers Association of Bangladesh (DBA).

Source: http://today.thefinancialexpress.com.bd/stock-corporate/bsec-approves-ipo-of-coppertech-1545844923

BR west zone implements 10 development projects

The west zone of Bangladesh Railway (BR) has implemented more than 10 development projects involving around Tk 77.83 billion to infuse dynamism into railway transportation along with boosting quality of services. We have implemented diversified infrastructural uplift works like construction of new railway line, station remodeling and launching of new trains on new routes during the last 10 years. The zone has been operating 133 trains including 40 intercity ones on different routes, including the capital Dhaka at present. Forty-seven locals or shuttle and forty-six commuter or mail trains are operating on various routes. Another 78.80 km new line from Ishwardi to Dhalarchar via Pabna has also been constructed. Under the project, 7.90-kilometre loop line along with 533-metre big bridges and 952-metre small bridges were constructed. The project has also provision of appointing 851 gatekeepers through outsourcing besides construction and reconstruction of 4,976.50 square-metres corner-rooms and repairing of 47,793 square-meters road surface attached to the level crossing.

Source: http://today.thefinancialexpress.com.bd/country/br-west-zone-implements-10-development-projects-1545835257

Jamuna Bank Foundation opens kidney dialysis centre

The Kidney Dialysis Centre of Jamuna Bank Foundation commenced its operations recently. Jamuna Bank Foundation Chairman Al-Haj Nur Mohammed attended the programme in the capital as the chief guest. Jamuna Bank Dialysis Centre will provide treatment at a low price.

Source: http://today.thefinancialexpress.com.bd/trade-market/jamuna-bank-foundation-opens-kidney-dialysis-centre-1545845541

Hamid Group to set up economic zone in Mymensingh

Hamid Group, a Bangladeshi conglomerate, will set up an economic zone on 153 acres of land in Mymensingh, aiming to give an impetus to the country’s economy. The Bangladesh Economic Zones Authority (BEZA) issued a pre-qualification licence to Hamid Group to this end at a ceremony held at BEZA headquarters in the city on Wednesday. The proposed Hamid Economic Zone (HEZ) is expected to attract foreign investment in several sectors such as food processing, light engineering, furniture, cosmetics and leather footwear. The HEZ will be established at Trishal by the Dhaka-Mymensingh highway on 153 acres of land, which will be expanded to 300 acres in the future. Work on development of infrastructure in the private EZ will start in mid-2019 with an investment of Tk 13.44 billion. The proposed EZ will host 67 industrial units in various sectors, including readymade garments (RMG), chemical, ceramic products, plastic and leather footwear. The EZ is expected to create more than 38,000 employments. The BEZA will establish 100 EZs across the country to help Bangladesh achieve its goal of becoming a developed nation by 2041.

Source: http://today.thefinancialexpress.com.bd/trade-market/hamid-group-to-set-up-economic-zone-in-mymensingh-1545845343

BB gets new executive director

Monsura Khatun has recently been promoted to executive director (statistics) at Bangladesh Bank. Prior to the promotion, she was a general manager of the credit information bureau, according to a statement. Monsura started her career as an assistant statistical officer at the statistics department of Bangladesh Bank in 1984.

Source: https://www.thedailystar.net/business/news/bb-gets-new-executive-director-1679224

Green Delta Insurance won first prize in Insurance Category in 18th ICAB National Awards once again

Green Delta Insurance has won the first prize in Insurance Category in the 18th ICAB National Awards once again for the best presented annual report of 2017. In addition, Green Delta Insurance has also won a prize in Corporate Governance Disclosures category. Farzana Chowdhury, Managing Director & CEO of Green Delta Insurance received the trophy of this award from the Chief Guest of the event, Finance Minister, Abul Maal Abdul Muhith MP, at the awarding ceremony held in the city recently

Source: http://today.thefinancialexpress.com.bd/stock-corporate/green-delta-insurance-won-first-prize-in-insurance-category-in-18th-icab-national-awards-once-again-1545845218

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DSEX5,349.18107↑ 49.08806↑0.93%
Nikkei 22520,049.68↑722.62↑3.74%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 46.06↓0.16↓0.35%
Crude Oil (Brent)$ 54.30↓0.17↓0.31%
Gold Spot$ 1,269.69↑2.55↑0.20%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.7542
GBP 1BDT 106.0077
EUR 1BDT 95.3374
INR 1BDT 1.1919





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