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 Jul 15, 2019

S Korea keen to cooperate in energy, ICT: PM Lee

South Korean Prime Minister Lee Nak-yon on Sunday said his country was keen to cooperate Bangladesh in various fields especially energy, infrastructure, ICT and hi-tech sectors to further strengthen trade ties between the two nations. Prime Minister made the remark while addressing at Korea-Bangladesh Business Forum under the theme ‘Promoting Business Ties Today: Bringing Mutual Prosperity Tomorrow’, jointly organised by Korea International Trade Association (KITA) and Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) at Hotel InterContinental here. ‘I hope the Korea-Bangladesh Business Forum will help advance the bilateral relations between the two countries to a new level,’ Mr. Lee said. The Korean premier said that his country was keen to provide cooperation for setting up hi-tech industries in Bangladesh for manufacturing diverse products here.

Source: http://www.newagebd.net/article/78492/s-korea-keen-to-cooperate-in-energy-ict-pm-lee

 Vivo to open mobile assembly plant in Bangladesh

Chinese smartphone manufacturer Vivo is all set to roll out the first mobile assembly plant in Bangladesh with full foreign direct investment, as international companies flock to the country to make the best use of the favourable tax regime.  The plant in Rupganj of Narayanganj will put together at least one million smartphones every year. “We hope ‘Made in Bangladesh’ handsets will be available in the market within three months,” said Tanzib Ahamed, an assistant manager of Vivo Mobile Company (BD) Ltd. He also added, “Vivo always ensures high quality and the ‘Made in Bangladesh’ products will also be of best quality and at reasonable prices.” This will be the Chinese Company’s fifth factory, after two in China and one each in India and Indonesia.

Source: https://www.thedailystar.net/business/news/vivo-open-mobile-assembly-plant-bangladesh-1771588

 Test pasteurised milk at four labs: HC

Amid a controversy over laboratory test reports on milk, the High Court yesterday directed Bangladesh Standards and Testing Institution to test pasteurised milk, produced by 14 companies, at four laboratories within a week. All these Companies are registered with the BSTI. The four institutions where the tests will be conducted are — Institute of Public Health, Bangladesh; International Centre for Diarrhoeal Disease Research, Bangladesh (icddr,b); Bangladesh Livestock Research Institute and Bangladesh Council for Scientific and Industrial Research. There has been a controversy since a team of Dhaka University researchers and the BSTI gave conflicting test reports on milk last month. In its test, the DU team found detergent and antibiotics in samples of packaged milk available in kitchen markets. But the BSTI said it didn’t find any harmful substances in the milk samples it tested.

Source: https://www.thedailystar.net/backpage/news/test-pasteurised-milk-four-labs-1771486

Climate-smart rice benefits farmers

Researchers have found cultivation of two relatively shorter duration rice varieties and the use of water-saving technology yield higher income to farmers and affect the climate less. They conducted an experiment in two upazilas of Chattogram, where farmers got three crops — two rice and a mustard — in a year by growing early-maturing rice instead of two rice crops. This increased farmers’ income by 45 percent to Tk 108,317 per hectare. Furthermore, plantation of the short-duration rice crops cut greenhouse gas emission, minimising the impact on climate.  “Farmers are benefited,” Md Rafiqul Islam, principal scientific officer and head of Bangladesh Rice Research Institute (BRRI), said at a workshop on promotion of climate-smart practices and varieties for intensive rice-based system in Bangladesh.

Source: https://www.thedailystar.net/business/news/climate-smart-rice-benefits-farmers-1771585

 Bourses suspend trading of People’s Leasing shares         

The DSE decided to suspend share trading of the ailing non-bank financial institution in accordance with Regulation 50 of the Dhaka Stock Exchange (Listing) Regulations, 2015. Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) on Sunday suspended the trading of People’s Leasing and Financial Services’ (PLFS) shares. The DSE decided to suspend share trading of the ailing non-bank financial institution in accordance with Regulation 50 of the Dhaka Stock Exchange (Listing) Regulations, 2015, said an official of DSE. According to the DSE disclosure, the decision was made at a board meeting held on Thursday. The non-bank financial institution’s share trading will be suspended until getting confirmation from Bangladesh Bank on liquidation of the Company.

Source: https://www.dhakatribune.com/business/stock/2019/07/14/bourses-suspend-trading-of-people-s-leasing-shares

Significant rise in transactions through DSE mobile app

The country’s premier bourse witnessed a significant rise in share transactions through DSE mobile app in the just concluded fiscal year (FY) compared to previous FY. The number of orders for share transaction through DSE mobile app has become noteworthy because mobile-based transactions attracted investors. According to information of Dhaka Stock Exchange (DSE), investors placed 6.9 million orders through the DSE mobile app in the FY 2018-19. In the FY 2017-18, investors placed 4.2 million orders through the mobile app. As a result, the number of orders, which were placed using mobile app, rose 57 per cent or 2.7 million in the FY 2018-19 compared to that of the FY 2017-18. At the end of the FY 2018-19, the number of active users of the DSE mobile app stood at 46,283, which was 34,080 as of July, 2018.

Source: https://thefinancialexpress.com.bd/stock/significant-rise-in-transactions-through-dse-mobile-app-1563078082

 GPH Ispat to use FUSO Branded Vehicles for goods transport

World’s second and Bangladesh’s first EAF Quantum Technology enabled integrated steel manufacturing factory of GPH Ispat will transport its goods by FUSO Prime Movers and Tipper Trucks which are made from Mercedes platform. An agreement has been signed recently between Rancon Trucks & Buses Limited (RTBL), the sole authorised distributor of FUSO in Bangladesh and GPH Ispat Limited, a renowned steel manufacturer of the country based in Kumira, Chattogram.

Source: https://thefinancialexpress.com.bd/trade/gph-ispat-to-use-fuso-branded-vehicles-for-goods-transport-1563107360

 HRC, Japanese Suzue Corporation sign JV shipping deal

HRC Group of Bangladesh and Japan-based multinational company Suzue Corporation on Sunday signed an agreement to establish a joint venture Company to operate businesses related to shipping and logistics. HRC Group Chairman and Chief Executive Officer Sayeed H Chowdhury and Suzue Corporation Chairman Takahiro Suzue signed the agreement on behalf of respective sides to establish the Company named HRC-Suzue Logistics (BD) Limited. At the ceremony, three other documents, including memorandum of association and article of association were also signed.

Source: http://www.newagebd.net/article/78509/hrc-japanese-suzue-corp-sign-jv-shipping-deal

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
Nikkei 22521,685.90↑42.37↑0.20%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI) $ 59.96↓0.25↓0.42%
Crude Oil (Brent)$ 66.52↓0.20↓0.30%%
Gold Spot $1,412.41↓3.34↓0.24%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 82.8899
GBP 1BDT 104.1860
EUR 1BDT 93.4017
INR 1BDT 1.2085





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