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 January 08, 2020

Average inflation up, marginally, in 2019

The average inflation rate has increased by 0.04 percentage points for the 12 months in the just-concluded year 2019 to 5.59 per cent due to some volatility in commodity markets in the country, official figures show. According to the Bangladesh Bureau of Statistics (BBS) data unveiled on Tuesday, the average inflation rate was 5.59 per cent in 2019 as against 5.55 per cent for the previous calendar year 2018. For the current fiscal year (FY), 2019-20, the government has projected the inflation rate at 5.50 per cent. Meanwhile, the point-to-point inflation rate dropped to 5.75 per cent in December from 6.05 per cent in November 2019, the BBS data show. The figure for December 2018 was 5.35 per cent. According to the BBS data, the food inflation in December across the country on point-to-point basis dropped slightly by 0.53 percentage points to 5.88 per cent from 6.41 per cent in the previous month. However, the non-food inflation rate increased by 0.08 percentage points to 5.55 per cent in December from 5.47 per cent in the previous month, the BBS data showed. In rural areas, the point-to-point inflation rate in the last month fell to 5.76 per cent from 6.01 per cent in November. In villages, the food inflation was recorded at 6.12 per cent in December, down from 6.54 per cent in November. The non-food inflation, however, increased to 5.07 per cent in December in rural Bangladesh from 4.99 per cent in November. According to the BBS data, the inflation rate in urban areas dropped to 5.73 per cent in December from 6.12 per cent in November. The food inflation rate in urban areas was recorded at 5.34 per cent in December, down from 6.11 per cent in November. However, the non-food inflation rate in urban areas increased in December to 6.19 per cent from 6.13 per cent in the previous month. The BBS also unveiled the wage rate index (WRI) on Tuesday. It showed that the WRI rose to 6.54 per cent in December from 6.42 per cent in November.

Source: https://today.thefinancialexpress.com.bd/first-page/average-inflation-up-marginally-in-2019-1578419613

Core index sheds 4.15pc in 3 sessions

Dhaka bourse on Tuesday extended its losing streak featuring another sharp loss in core index as losers took control over gainers following investors’ panic-driven sales executed to escape further loss. Like previous two sessions, the large-cap companies triggered the fall of DSEX, broad index of Dhaka Stock Exchange (DSE). Only 12 per cent of securities traded on the DSE went green on Tuesday while 76 per cent securities closed in red amid investors’ lack of confidence in the market. Later, a recovery stance was observed but faded away after mid-session and the core index witnessed free fall for rest of the session. Finally, the DSEX settled at 4281.43 points with a loss of 1.16 per cent or 50.52 points. The core index lost 4.15 per cent in last three sessions in a row. Of the large-cap companies, the share price of Grameenphone declined 0.84 per cent, Square Pharmaceuticals 1.42 per cent, British American Tobacco Bangladesh 0.99 per cent, BRAC Bank 3.81 per cent and United Power Generation and Distribution Company 1.40 per cent. On Tuesday, the shariah-based index DSES declined 1.03 per cent or 10.15 points to close at 972.98. The DS30 index comprising blue chip securities went down by 1.07 per cent or 15.63 points to close at 1436.26 points. Of 354 issues traded, 42 advanced, 269 declined and 43 remained unchanged on the premier bourse DSE. Zeal Bangla Sugar Mills was the worst loser after declining 9.91 per cent to close at Tk 30.90 each. On Chittagong Stock Exchange (CSE), the benchmark index CASPI declined 1.68 per cent or 223.11 points to close at 13010.46 points. Of 248 issues traded, only 41 advanced, 186 declined and 21 were unchanged. And the turnover stood at above Tk 145.56 million on the port city bourse CSE on Tuesday.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/core-index-sheds-415pc-in-3-sessions-1578419135

Govt sets target to export $50b RMG in FY ’21

The government has set a target of exporting $50 billion readymade garment (RMG) in 2020-21 fiscal year (FY ’21), Secretary of Ministry of Textiles and Jute Lokman Hossain Mia said at a press conference in the capital on Tuesday, reports BSS. He said the $50 billion RMG export target has been set in line with the government’s commitment to enhance earnings from this sector which is also manifested in the ruling party’s election manifesto. He made the revealation at the press conference on the ‘National Textile Day 2020 and Multipurpose Textile Fair’ which will begin in the city on Thursday, at the Secretariat in the morning. Prime Minister Sheikh Hasina is expected to inaugurate the three-day ‘Multipurpose Textile Fair’ as the chief guest on Thursdasy at Bangabandhu International Conference Centre.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/govt-sets-target-to-export-50b-rmg-in-fy-21-1578419308

Mr. Reshadur Rahman and Mr. Abdul Hai Sarker handing over a cheque to Prime Minister Sheikh Hasina

Dhaka Bank Limited Chairman Mr. Reshadur Rahman and Director Mr. Abdul Hai Sarker handing over a cheque to Prime Minister Sheikh Hasina at Gonobhabon on Monday as the bank donated Tk 50 million to Bangabandhu Welfare Trust for celebrating the ‘Mujib Year’.

Source: https://today.thefinancialexpress.com.bd/trade-market/reshadur-rahman-and-abdul-hai-sarker-handing-over-a-cheque-toprime-minister-sheikh-hasina-1578418551

Bank Asia achieves ISO 27001:2013 certificate

Bank Asia achieved ISO 27001:2013 certificate for its compliance with Information Security Management System (ISMS) which is an International Risk Management Framework.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/bank-asia-achieves-iso-270012013-certificate-1578419203

Walton to raise Tk 1.0 billion under book building method

Walton Hi-Tech Industries will raise a capital worth Tk 1.0 billion under book building method to expand business and repay bank loans. The Bangladesh Securities and Exchange Commission (BSEC) on Tuesday approved the company’s proposal on fixing cut-off price. Under the book building method, institutional investors get shares at cut-off price while general investors get shares at 10 per cent discount on this price. As per the financial statement for the year ended on June 30, 2019 the company’s net asset value (NAV) with revaluation reserve is Tk 243.16 per share, while the NAV without revaluation reserve stood at Tk 138.53 per share. For same period, the company’s earnings per share (EPS) is Tk 28.42 as per weighted average calculated after tax. The offer price of the IFIL’s bond will be Tk 2.5 million per unit.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/walton-to-raise-tk-10-billion-under-book-building-method-1578419098

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DSEX4,281.43531↓ 50.52335↓ 1.17 %
↓ 119.70 ↓ 0.42 %
FTSE1007,573.85↓ 1.49↓ 0.02 %
Nikkei 22523,254.42 ↓ 321.30 ↓ 1.36 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 63.54 ↑ 0.84↑ 1.34 %
Crude Oil (Brent)$ 69.19↑ 0.92 ↑ 1.35 %
Gold Spot$ 1,592.79↑18.42↑ 1.17 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.3265
GBP 1BDT 109.520
EUR 1BDT 93.0597
INR 1BDT 1.15970





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