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

Click to Close

Rate last updated: 02/01/2014 11:15:04 AM

Important Business News Extracts February 17, 2019

Document signed with Siemens to build LNG power plant at Payra

The Power Division of Bangladesh and Siemens of Germany on Friday initialled a joint development agreement for the construction of a 3600MW LNG power plant at Payra in Bangladesh. The document was signed following a meeting of the Siemens CEO Joe Kaeser with Prime Minister Sheikh Hasina at Hotel Sheraton. CEO of North West Power Generation Company of Bangladesh Khorshed Alam and Chief Executive Officer and Global President of Siemens Joe Kaeser signed the document. Briefing reporters after the meeting, Foreign Sectary Md Shahidul Haque said the power plant is the initial part of the Siemens plan to come to Bangladesh in a big way to invest in health, education mobility and other sectors.


IBBL holds biz dev confce on Agent Banking

Islami Bank Bangladesh Limited organised a business development conference for agent banking at a hotel in the city on Saturday. Md. Mahbub ul Alam, Managing Director & CEO of the Bank addressed the concluding session of the programme as chief guest. Abu Reza Md. Yeahia, Deputy Managing Director presided over the meeting. Head Office Executives and proprietors of Agent Banking outlets under Dhaka Central, Dhaka North, Cumilla & Sylhet Zones of the Bank attended the conference.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/ibbl-holds-biz-dev-confce-on-agent-banking-1550338135

Construction financing soars

The banking sector has bumped up its lending to the construction sector on the back of the government’s mega project implementation spree. As of September last year, credit flow to the construction sector stood at Tk 80,000 crore, up 20.24 percent from a year earlier, according to data from the central bank. The segment accounted for 9.44 percent of the total outstanding loans in the private sector. As per the Managing Director of Pubali Bank, construction financing has been rising for the last two years as the government is implementing a number of mega infrastructure projects. The mega infrastructure projects now under implementation are: Padma bridge, Rooppur nuclear power plant, Payra deep seaport, Dhaka-Chattogram elevated expressway, Dhaka metro rail, and Karnaphuli River Tunnel.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/ipo-subscription-of-new-line-clothings-begins-tomorrow-1550337865

IPO subscription of New Line Clothings begins tomorrow

The subscription of initial public offering (IPO) of New Line Clothings will begin tomorrow (Monday). Through the IPO, the company will raise a fund worth Tk 300 million (30 crore) from the capital market under the fixed price method. The public subscription will continue until February 28. The securities regulator — Bangladesh Securities and Exchange Commission (BSEC) — approved the company’s IPO proposal on November 28, 2018. As per the securities regulator’s approval, the company will offload 30 million ordinary shares at an offer price of Tk 10 each to raise the said amount under the fixed price method. A market lot consists of 500 shares and an investor needs Tk 5,000 to apply for each lot of the company’s IPO.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/ipo-subscription-of-new-line-clothings-begins-tomorrow-1550337865

ADP spending highest in six years

Development spending in the first seven months of the fiscal year has been the highest in six years, as the government’s efforts to improve implementation is slowly bearing fruit. Between July last year and January this year, the ministries and divisions spent Tk 62,282 crore, which is 34.43 percent of the total annual development programme outlay, according to data from the Implementation Monitoring and Evaluation Division (IMED). The amount is an increase of 13.82 percent year-on-year.

Source: https://www.thedailystar.net/business/news/adp-spending-highest-six-years-1703233

HSBC launches debit card in BD

The Hongkong and Shanghai Banking Corporation Limited (HSBC) in partnership with Visa recently launched HSBC Visa Debit Card in Bangladesh for its customers. Dr. Shirin Sharmin Chaudhury, MP, Speaker of the Parliament of the People’s Republic of Bangladesh remained present as the Chief Guest and launched the card in presence of Francois de Maricourt, Chief Executive Officer, HSBC Bangladesh, the Banks’ clients, regulators and media.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/hsbc-launches-debit-card-in-bd-1550337954

Mercantile Bank, a2i sign MoU

Mercantile Bank Limited has signed a memorandum of understanding with a2i programme at ICT Tower, Agargaon, Dhaka recently.Bank’s DMD & CSBO Adil Raihan and a2i Project Director & Additional Secretary Md. Mustafizur Rahman signed the memorandum on behalf of their respective organisations. As per the memorandum customers will get the benefit to pay their all government utility bills easily through branches of Mercantile Bank.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/mercantile-bank-a2i-sign-mou-1550337996

Mr. Kamal becomes Standard Bank EC Chair

Standard Bank Limited sponsor and founder Vice-President Kamal Mostafa Chowdhury has been elected as the chairman of the executive committee of the board of directors of the bank in its 307th meeting held recently, said a press release. Mr. Kamal is the proprietor of Raja Corporation, KMC International and director of Holy Crescent Hospital in Chattogram. He is the senior director of Chittagong Chamber of Commerce and Industries and former director of Bangladesh Malaysia Chamber of Commerce & Industry and member of FBCCI.

Source: http://www.newagebd.net/article/65026/kamal-becomes-standard-bank-ec-chair

Govt decides to start piloting vannamei shrimp farming

The government has taken a decision to start farming vannamei variety of shrimp on a pilot basis and selected 10-20 acres of land in Cox’s Bazar and Khulna districts in this regard. As per the officials, initially two entrepreneurs will get permission to launch the farming, before going for commercial production. They said the Department of Fisheries (DoF) was formulating the guidelines in this regard while a sub-committee will be formed for feasibility study in Cox’s Bazar and Khulna areas. The DoF will make Standard Operating Procedure (SOP) to operate the hatcheries.

Source: http://today.thefinancialexpress.com.bd/trade-market/govt-decides-to-start-piloting-vannamei-shrimp-farming-1550331620

15 trafficking victims return home from Indonesia

Fifteen Bangladeshi nationals who were trafficked to Indonesia returned home on Saturday. With the fresh arrival, so far 150 Bangladeshis have come from the Southeast Asian country. As per a returnee Bangladeshi, a total of 295 people from Bangladesh, among them 20 to 25 Rohingya refugees, were taken to the country by human traffickers with the promise of sending them to Malaysia for job.

Source: http://today.thefinancialexpress.com.bd/metro-news/15-trafficking-victims-return-home-from-indonesia-1550340017

Over 100 Yaba traders including 10 relatives of Bodi surrender to police in Cox’s Bazar

Over 100 Yaba traders, including 10 relatives of former MP Abdur Rahman Bodi, who have been kept at a police safe house, formally surrendered to police on Saturday. A total of 102 Yaba traders surrendered to police and deposited 0.35 million Yaba tablets and 30 firearms.


Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
FTSE1007,236.68↑39.67 ↑0.55%
Nikkei 22520,900.63↓239.08↓1.13%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 55.59↑1.18↑2.17%
Crude Oil (Brent)$ 66.25↑1.68↑2.60%
Gold Spot $1,322.49↑9.92↑0.76%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.8916
GBP 1BDT 108.1279
EUR 1BDT 94.7640
INR 1BDT 1.1778





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