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 21, 2019

Govt cuts tax, duty on ATM, CCTV parts

The government has offered tax and duty benefits on import of various parts for producing and assembling ATM machine and CCTV camera in the Hi-tech Park at Kaliakoir in Gazipur. Customs Duties (CD) on import of parts have been reduced to 1.0 per cent and 10 per cent from the existing variable rates of up to 25 per cent. Besides, import of ATM machine and CCTV camera parts has been exempted from payment of Value Added Tax (VAT), Regulatory Duty (RD) and Supplementary Duty (SD). The Customs Wing of National Board of Revenue (NBR) issued a Statutory Regulatory Order (SRO), dated January 16, in this connection. As per the officials companies that will set up plants in the Hi-tech Park and produce or assemble ATM machine and CCTV camera will be entitled to enjoy the benefits under the SRO, also NBR has offered the duty benefits following requests of the Bangladesh Hi-Tech Park Authority (BHTPA) to encourage investors. According to the Managing Director of BHTPA, construction of a number of infrastructure facilities has been started for production of those items.

Source: http://today.thefinancialexpress.com.bd/first-page/govt-cuts-tax-duty-on-atm-cctv-parts-1548006652

Stocks rebound riding on bank issues

Stocks rebounded on Sunday, after two-session break, as investors showed their buying appetite on December-closing issues. As per the market analysts investors were active, particularly on banking, financial institutions and telecommunication sectors’ issues amid dividend expectation. Investors are shifting their focus on the December-ending companies’ stocks from other sectors as they will declare dividend soon, helping the market to close higher. Accordingly, banking sector was the day’s highest gainer, posting a gain of 2.93 per cent, with 29 banks out of 30, closed green. Telecommunication and financial institutions sectors also gained 2.75 per cent and 1.67 per cent respectively. The investors were active from the beginning of the session and the upward trend continued till end of the session with no sign of reversal. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 61.70 points or 1.05 per cent to settle at 5,887 after losing 38 points in the past two sessions. The two other indices also ended higher. The DS30 index, comprising blue chips, advanced 20.41 points to finish at 2,029 and the DSES (Shariah) index rose 9.06 points to settle at 1,318. IDLC Securities said the market indices rose riding on banking, telecommunication and textile sectors and top three positive index contributors were Grameenphone, Brac Bank and Pubali Bank. Turnover, another important indicator of the market, stood at Tk 9.68 billion, which was 4.25 per cent lower than the previous day’s turnover of Tk 10.11 billion. A total number of 213,118 trades were executed in the day’s trading session with trading volume of 297.35 million shares and mutual fund units. The market-cap of the DSE increased to Tk 4,162 billion which was Tk 4,121 billion in the previous day.

Source:  http://today.thefinancialexpress.com.bd/stock-corporate/stocks-rebound-riding-on-bank-issues-1548000097

China to provide $72.5m grant for welfare projects in BD

China will provide a grant of RMB 500 million or approximately $72.57 million to Bangladesh under an agreement on economic and technical cooperation. Monowar Ahmed, secretary to Economic Relations Division (ERD), and Chinese Ambassador to Bangladesh Zhang Zuo signed the agreement at Central Procurement Technical Unit yesterday. The grant shall be utilised for welfare projects such as disaster management and bridge construction, according to an ERD statement. Detailed matters would later be stipulated in separate agreements. Economic relations between Bangladesh and China were gaining greater significance. He urged the Chinese ambassador to take initiatives to quickly implement commitments in the pipeline for Bangladesh’s development. As per Chinese Ambassador the friendship between the two countries was a long lasting one and China always gave great importance to development assistance for Bangladesh and China would continue its support in developing Bangladesh’s economy. He said they would jointly push forward construction of three more “friendship bridges” in Bangladesh, bringing the total to 11.

Source: https://www.thedailystar.net/business/news/china-provide-725m-grant-welfare-projects-1690402

Adani Wilmar to invest $400m in Mirsarai Economic Zone

Adani Wilmar Limited, a joint venture of India and Singapore-based two companies, is set to invest US $400 million in Bangabandhu Sheikh Mujib Industrial City in Chattogram region to establish agro-based factories. It will manufacture import-substitute food items in 11 industrial units on 100 acres of land and create 3,550 employments. As per the Chairman of Bangladesh Economic Zones Authority (BEZA) this is a quality foreign investment. Wilmar International Limited officials showed their interest to invest in Bangladesh during Prime Minister Sheikh Hasina’s visit to Singapore in March 2018. After visiting the Mirsarai Economic Zone (EZ), the Wilmar officials expressed their satisfaction with the geographical location of the economic zone and other facilities being provided by the BEZA

Source: http://today.thefinancialexpress.com.bd/trade-market/adani-wilmar-to-invest-400m-in-mirsarai-economic-zone-1548001386

Top ten-traded companies snare 18pc of total transaction

Top ten traded companies captured 18 per cent turnover of the Dhaka bourse on Sunday. Three banks featured in the top ten-traded companies after long time. The banks were Premier Bank, Dutch-Bangla Bank and Dhaka Bank with turnover of Tk 215 million, Tk 157 million and Tk 153 million respectively. Market analysts said investors are shifting their focus on the financial sector, particularly banking and non-bank financial institutions amid dividend expectations. Banks, financial institutions, insurance and multinational companies will declare dividend soon as their year-ended on December 31, 2018. Beximco dominated the turnover chart, about 8.56 million shares of the company were traded, generating a turnover of Tk 222 million, which was 2.29 per cent of the DSE’s total turnover. The total turnover on the DSE stood at Tk 9.69 billion on Sunday which was Tk 10.11 billion on the previous session.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/top-ten-traded-cos-snare-18pc-of-total-transaction-1548000837

Dhaka stocks hit 11-month high

Dhaka stocks surged to a 11-month high on Sunday as investors went for buying shares especially Grameenphone and financial stocks amid expectations of better year-end financial results from the scrips. DSEX, the key index of Dhaka Stock Exchange, advanced by 1.05 per cent, or 61.70 points, to close at 5,887.27 points on Sunday after losing 37.7 points in the previous two sessions. Sunday’s index was the highest after February 22, 2018 when the index was at 5,906.98 points. The trading at the market began bullish that continued until the end of the day as investors went for investing funds at the capital market amid expectations over year-end financial results. Share prices of Grameenphone soared by 2.64 per cent as the company has arranged a board meeting to be held on January 27, 2019 to consider audited financial statements of the company for the year ended on December 31, 2018.

Source: http://www.newagebd.net/article/62429/dhaka-stocks-hit-11-month-high

Training for Nepalease bankers begins at BIBM

An international training programme on ‘Risk-Based Internal Audit’ for the Nepalese bank executives began on Sunday. Arranged by Bangladesh Institute of Bank Management (BIBM), the programme was inaugurated by Professor Dr. Shah Md Ahsan Habib, Director General (Current Charge) of BIBM. The initiative of BIBM-BFIN joint venture draws its root in November last year when the two institutions signed an MOU at BIBM. Governor of BB and Chairman BIBM Governing Board will distribute certificate on the final day on January 24.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/training-for-nepalease-bankers-begins-1548000898

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DSEX5,887.27724 ↑ 61.70492 ↑ 1.06 %
DJIA24,706.35↑ 336.25 ↑ 1.38%
FTSE1006,968.33 ↑133.41↑1.95%
Nikkei 22520,758.74↑92.67↑0.45%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 54.01↑0.21↑ 0.39%
Crude Oil (Brent) $ 62.96↑0.26↑0.41%
Gold Spot$1,281.81↓0.30↓ 0.02%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.6294
GBP 1BDT 107.5558
EUR 1BDT 95.1452
INR 1BDT 1.1708





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