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 16, 2020

Bangladesh moves two notches Up

Bangladesh has moved two notches up in the World Bank’s Women, Business and the Law 2020 study but the country still has a long way to go in creating opportunities for them in employment and entrepreneurship. The country’s score was slightly up to 49.4 from 49.38 a year ago on a scale of 0-100, with 100 representing the best. The WB put Bangladesh at the 171st in this year’s ranking out of 190 economies, up from the 169th last year out of 187 nations. Of the other South Asian countries, India was the 117th, Sri Lanka 137th and Pakistan 172nd. The index measures only formal laws and the regulations which govern a woman’s ability to work or own businesses – a country’s actual norms and practices are not captured. The global average score was 75.2, which improved slightly from 73.9 two years ago. Clearly, much more work remains as women in many countries have only a fraction of the legal rights of men, holding them back from opportunities for employment and entrepreneurship. Advanced economies continue to make progress on the indicators. Of the 40 economies with scores above 90, 27 are OECD high-income economies. The Czech Republic and the United States reformed laws related to paternity and parental leave, giving parents more opportunity to share childcare responsibilities, while Italy and Slovenia equalised pension benefits between men and women.

Source: https://www.thedailystar.net/business/news/bangladesh-moves-two-notches-1854733

Five teams get Tk 0.8m seed funding each

The names of the winners of Youth Entrepreneurship Challenge (YEC), a social initiative by Bangladesh Youth Leadership Center (BYLC) to encourage and promote the promising entrepreneurs, have been announced at a ceremony in the capital, reports UNB. The YEC, an initiative under BYLC’s entrepreneurship development wing in association with DFID and Manusher Jonno Foundation, is part of the organisation’s efforts to nurture the passion of aspiring entrepreneurs with unique revenue-generating business ideas by connecting them to the right tools and networks. Each of the five winning teams received seed funding of Tk 0.8 million (Tk 8 lakh) with an option of further Tk 1.5 million (Tk 15 lakh) in additional investment, based on their performances. Moreover, the five teams will have access to a co-working space, mentoring, and a rigorous accelerator curriculum for six months from BYLC. Over 500 business ideas were submitted in the initial phase of the challenge. The selection process included a residential bootcamp with 200 top founders, further vetting of top 30 teams, and presentation of 16 finalists in front of an investment committee comprising of BYLC management, industry experts, entrepreneurs, and investors.

Source: https://today.thefinancialexpress.com.bd/trade-market/five-teams-get-tk-08m-seed-funding-each-1579113015

CAAB inks deal with ADC

The Civil Aviation Authority Bangladesh (CAAB) has signed a contract with the Aviation Dhaka Consortium (ADC) regarding construction of Hazrat Shahjalal International Airport (HSIA)’s third terminal. Chairman of CAAB Air Vice Marshal M Mofidur Rahman and Mitsubishi Corporation’s General Manager Yasunori Sakamoto signed the deal at HSIA in the city on behalf of their respective sides, said a press release. After completion of HSIA’s third terminal, it will ensure modern facilities with international standard for about 20 million passengers per year, according to the press release.

Source: https://today.thefinancialexpress.com.bd/trade-market/caab-inks-deal-with-adc-1579112995

BPBL opened first Experience Zone in Laksam

Berger Paints Bangladesh Limited (BPBL) has opened its first Experience Zone in Laksam. The inauguration ceremony took place on Wednesday at Dhan Bazar, Laksam. Rupali Chowdhury, Managing Director, Berger Paints Bangladesh Limited, seen, among others.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/bpbl-opened-first-experience-zone-in-laksam-1579110857

LankaBangla Finance signs MOU with Easytrax

LankaBangla Finance Ltd (LBFL) signed a memorandum of understanding (MOU) with Easytrax World for its customer privileges, said a statement. Khurshed Alam, Head of Retail Business of LBFL and Abul Basar Md Sharif, Managing Director & COO of Easytrax World, signed the MOU on behalf of their respective organisations recently. Under this MOU, LBFL card members will enjoy 20 per cent discount on total bill or maximum Tk 2000 from Easytrax World.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/ific-bank-signs-mou-with-anwar-landmark-1579023368

Mr. Rashed Maqsood new MD of Standard Bank

Mr. Khondoker Rashed Maqsood has been appointed as Managing Director & CEO of Standard Bank Limited. Mr. Rashed completed his MBA in Finance from IBA of University of Dhaka and started his career with American Express Bank as a Management Trainee in 1992. Prior to joining SBL, he was the Managing Director of NRBC Bank Limited and also worked as the Managing Director & Country Officer of Citibank N.A. Bangladesh.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/rashed-maqsood-new-md-of-standard-bank-1579110794

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DSEX4,068.20457↑ 31.96↑ 0.79 %
↑ 90.55↑ 0.31 %
FTSE1007,642.80↑ 20.45↑ 0.27 %
Nikkei 22523,933.69↑ 17.11↑ 0.07 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 58.17 ↑ 0.36↑ 0.62 %
Crude Oil (Brent)$ 64.41↑ 0.41↑ 0.64 %
Gold Spot$ 1,556.61↑ 0.36↑ 0.02 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.1352
GBP 1BDT 108.259
EUR 1BDT 92.6220
INR 1BDT 1.17370





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