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 March 22, 2020

BB asks all banks to craft business continuity plan

The central bank has asked all banks to prepare business continuity plan immediately to ensure that operations are not interrupted in the aftermath of pandemic exigencies. The Bangladesh Bank, or BB, has also instructed financial service providers to ready a list of key persons, who are involved in critical service management, including the information and communications technology infrastructure. The advisory came on Thursday, which asked chief executives of the banks to keep the banking and payment services uninterrupted in response to Covid-19 caused by new coronavirus.Some apparel makers at the meeting demanded shutdown of garment units, payment of wages and other allowances following the adverse impact of COVID-19 on the sector. Meeting sources said they sought prompt government support to meet the emergencies.

Source: https://today.thefinancialexpress.com.bd/first-page/bb-asks-all-banks-to-craft-business-continuity-plan-1584809371

WB provides $ 170m for Dhaka’s better sanitation

The World Bank has approved US$ 170 million to further improve sanitation services in capital, benefiting around 1.5 million urban people.The scheme will also provide 50,000 new household sewer connections. Further, to improve the quality of living in slum and low-income housing areas, the project will upgrade toilets and install communal septic tanks.The project will also help construct a new Sewage Treatment Plant at Pagla area with a capacity of treating about 150 million litres of domestic waste water per day.Dhaka’s 881 km sewer system is old. Often untreated domestic sewage and industrial effluent are illegally discharged into rivers and canals causing pollution and flooding.The project will receive a scale-up facility credit from the World Bank’s International Development Association (IDA), with a 34-year term, including a four-year grace period. The project also includes $ 170 million financing from the Asian Infrastructure Investment Bank (AIIB) and $ 143 million financing from the Bangladesh government.

Source: https://today.thefinancialexpress.com.bd/trade-market/wb-provides-170m-for-dhakas-better-sanitation-1584805270

Govt focuses on youths working with blockchain solutions

State Minister for ICT Zunaid Ahmed Palak has said through holding Blockchain Olympiad in Bangladesh, the government is bringing focus on the new wave of young talents working with most innovative blockchain solutions in the country.The aim of the workshop was to develop capacity of the youths to participate in the Blockchain Olympiad Bangladesh scheduled for April 16-18. The registration is open till March 31 and interested participants are encouraged to join through the BCOLBD website. A total of 157 teams comprising 459 students of 15 universities participated in the webinar on Blockchain technology.DrKaykobad said the top 20 teams from the BCOLBD will be mentored to further improve their quality and capacity as blockchain professionals and the top five teams will be given cash awards. The BCOLBD will also sponsor for participation in the International Blockchain Olympiad which is going to be held in Hong Kong sometimes in July this year.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/govt-focuses-on-youths-working-with-blockchain-solutions-1584804769

Quadruple cropping pattern more profitable: Agriculturists

A new initiative aimed at increasing impact investment in the country’s social business as well as environmental sectors has been launched recently. The programme titled ‘BiniyogBriddhi (B-Briddhi) or Scaling Impact Enterprises of Bangladesh’ is a collaboration of three local and international organisations, a statement said on Saturday.The three organisations including German-based financial consultancy firm-Roots of Impact (RoI), Bangladesh’s business consultant firm LightCastle Partners (LCP) and the Swiss Agency for Development and Cooperation (SDC) in Bangladesh launched the scheme through a video conference from their respective offices amid coronavirus outbreak.The entrepreneurs, who will play positive role in tackling environmental problems as well as improving the condition of the backward people, will get financial assistance under the programme. To this end, initially applications will be accepted from impact entrepreneurs and accelerator programmes through the website-www.sie-b.org. Applicants have been requested to visit the website for detailed information, the statement added.

Source: https://today.thefinancialexpress.com.bd/trade-market/scheme-on-impact-investment-in-social-business-launched-1584805252

Scheme on impact investment in social business launched

Bangladesh Krishi Bank (BKB) on Tuesday launched a Tk 3.0 billion low cost credit scheme on the occasion of the birth centenary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman. Around 50,000 marginal poor will get accesses to the loan at 7.0 per cent simple interest.Seventeen borrowers received Tk 1.5 million at a launching ceremony of the scheme at the state-run specialised bank’s headquarters in the capital on the day. The BKB officials expected that disbursement of the loan will be completed by the end of this calendar year. Interested marginal poor, who normally are not eligible for the farm loan, will be entitled to get the loan under the scheme.

Source: https://today.thefinancialexpress.com.bd/trade-market/bkb-launches-tk-30b-credit-scheme-1584461752

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DSEX3,974.96475↑196.75↑10.29 %
↓ 196.75↓ 4.96 %
Nikkei 22516,552.83↓173.72↓1.04 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$22.63 ↓ 3.28↓ 12.66%
Crude Oil (Brent)$ 26.98 ↓ 1.49↓ 5.23 %
Gold Spot$1,498.64 ↑27.40↑1.86%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 82.9956
GBP 1BDT 96.6251
EUR 1BDT 88.7339
INR 1BDT 1.10577





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