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 March 03, 2019

BB for AML, CFT practices with effective utilisation of Tech-Savvy innovations

bKash Limited in association with Bangladesh Financial Intelligence Unit (BFIU) and Bangladesh Bank on Saturday organised a day-long workshop on ‘Technological innovations and its impact on AML & CFT Practices in MFS’ for the senior officials of bKash to sensitise them on the issue. Head of Bangladesh Financial Intelligence Unit (BFIU) was present at the workshop as the Chief Guest while Joint Director of Bangladesh Financial Intelligence Unit presented the keynote paper. A total of 125 officials of Bangladesh Bank, BRAC Bank Limited, other banks and bKash participated at the workshop. Addressing the workshop, the Chief Guest urges the practitioners to ensure AML& CFT practices with effective utilisation of technological innovations.


 Women Entrepreneurs for raising BB revolving fund credit limit  

Women Entrepreneurs Network for Development Association on Saturday placed for consideration in the upcoming budget a set of eight proposals, including increase in credit limit of revolving fund of Bangladesh Bank for women entrepreneurs. The Association President raised the demands at a press conference for consideration of the government for the development women entrepreneurship in the country. WEND demanded that the government should ensure access to finance at lower interest rate and easier conditions for women entrepreneurs through raising the credit limit of revolving fund of Bangladesh Bank to Tk 1 crore. The other demands include reduction of tax and VAT rates, setting up of a training institute, establishment of support service centre at each division and allotment of plots to women entrepreneurs at economic zones with easier condition. Referring to Mastercard Index of Women Entrepreneurs data, Nadia said that 31.6 per cent of total entrepreneurs were women who had been relentlessly working to develop the economy of the country.

Source: http://www.newagebd.net/article/66278/women-entrepreneurs-for-raising-bb-revolving-fund-credit-limit

 Singer’s profit rises by 23pc in 2018  

Singer Bangladesh has announced that its net profit increased by 23 per cent to Tk 92 crore in 2018. The company’s operating profit marked a 40 per cent increase in the year with its turnover rising by 24 per cent to Tk 1,370 crore. The company also declared 30 per cent stock dividend for the shareholders for the year. Singer’s financial service offerings like Western Union, Bkash, Grameen airtime reloads and utility bill payments increased in value by 13 per cent in 2018 to Tk 130 crore. According to a press release, Singer continued to enjoy significant increases in unit sales, in particular computers by 70 per cent, panel televisions by 28 per cent, washing machines by 24 per cent, kitchen and small appliances by 20 per cent and refrigerators by 17 per cent – boosted by lower prices to customers and increased advertising spend.

Source: http://www.newagebd.net/article/66281/singers-profit-rises-by-23pc-in-2018

 Dutch Organisation to help boost Black Tiger Shrimp production

Bangladesh Shrimp and Fish Foundation (BSFF) and a Dutch research enterprise have signed a multi-year Memorandum of Understanding (MoU) in The Hague to transfer knowledge and innovations for boosting black tiger shrimp production in Bangladesh. President of BSFF and Managing Director of Hendrix Genetics Aquaculture signed the MoU. The principal destination of black tiger shrimp is the European market, where the Netherlands tops the list both in terms of value (US$ 89.82 million in 2017-18) and volume.


 $185m WB loan for Renewable Energy

The World Bank has approved $185 million to add up to 310 Megawatt (MW) in renewable energy generation capacity in Bangladesh and mobilise private sector participation to meet the growing demand for electricity in the country. The Scaling-up Renewable Energy Project will increase installed capacity of renewables through piloting and expanding investments in key market segments. According to a press release, it will build the first 50 MW phase of a large scale solar panel energy park in Feni district, which will be implemented by the Electricity Generation Company of Bangladesh (EGCB).

Source: http://today.thefinancialexpress.com.bd/trade-market/185m-wb-loan-for-renewable-energy-1551541699

 Local Tech Company gaining foothold in Global Markets  

Albeit largely unknown at home, many Bangladeshi technology companies have established their footprints in overseas markets, representing the country with their head holding high thanks to quality services. Dhaka-based Systems Solutions & Development Technologies Ltd (SSD-Tech) is one of them. Started out with lease finance automation 15 years ago, it has initially worked with two Fortune 500 companies – Petronas and British American Tobacco – in Malaysia and later with global telecom giants Telenor, Axiata, and Ooredoo as technology partner. Today, SSD-Tech provides solutions to many major telecom operators, financial institutions and large enterprises globally. It is a registered company in Bangladesh, Malaysia and Myanmar.

Source: https://www.thedailystar.net/business/news/local-tech-company-gaining-foothold-global-markets-1709803

 NRBs urge Govt to provide incentive for Remittance sending

Bangladeshi Expatriates on Saturday urged the government to introduce incentives to encourage remittance sending in the country. Speaking at World Conference Series of the non-resident Bangladeshis at Sonargoan hotel in Dhaka, Expatriates also called for creating congenial atmosphere for attracting more investment from the Expatriates. Planning minister MA Mannan, who was the chief guest at the conference, said the Government considering importance of migrant Bangladeshis had already asked its foreign missions to provide 24-hour-consular services to them. As per the Minister, that the government was also appealing to the Bangladeshi Expatriates with different professions to come to the country and contribute in respective fields. Praising the role of NRBs, the Planning Minister said the Government would work together with them closely in coming days.

Source: http://www.newagebd.net/article/66275/nrbs-urge-govt-to-provide-incentive-for-remittance-sending

Govt sets targets to reduce time, cost for int’l trade

The Government has set a number of targets to reduce time and cost related to international trade considering the status of Singapore in these fields as the benchmark. As per the Officials, time and cost for import and export in terms of border and documentary compliances will be lowered significantly through implementation of a set of measures to make a noticeable improvement in the trading across border, indicator of the Ease of Doing Business Index of the World Bank and the decision was taken at the second meeting of a committee on enhancing skills and capacity of port and customs, the two agencies involved in trading across border.

Source: http://www.newagebd.net/article/66273/govt-sets-targets-to-reduce-time-cost-for-intl-trade

 Uttara Motors participates in Indo-Bangla Automotive show

Uttara Motors Ltd participated in the Indo-Bangla Automotive Show ’19 with their most popular Suzuki Vehicle and Smart hybrid technology Ciaz & Ertiga which were recently launched. Uttara Motors Ltd, the leading and renowned automobile marketing company in Bangladesh, has been importing, assembling and marketing different types of vehicles for last four decades in with success.

Source: http://today.thefinancialexpress.com.bd/trade-market/uttara-motors-participates-in-indo-bangla-automotive-show-1551541855

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
Nikkei 22521,602.69↑217.53↑1.02%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 55.80↓1.42↓2.48%
Crude Oil (Brent)$ 65.07↓1.24↓1.87%
Gold Spot$1,293.43↓19.89↓1.51%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.8787
GBP 1BDT 110.7367
EUR 1BDT 95.3281
INR 1BDT 1.1829





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