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 May 05, 2019

BSEC approves Tk 3.0b DBH Bond

The securities regulator has given consent for issuance non-convertible zero coupon bond Tk 3.0 billion of the Delta Brac Housing Finance Corporation (DBH). The approval came at a meeting of the Bangladesh Securities and Exchange Commission (BSEC) held recently presided over by its Chairman Prof. M Khairul Hossain. As per the BSEC approval, denomination of the fully redeemable, unsecured and unlisted non-convertible bond is Tk 1.0 million per unit with tenure up to five years. The bond will be issued to the institutional investors, insurance companies, corporate entities and other eligible investor thorough private placement within the range of interest from 7.0 per cent to 8.0 per cent per annum. The consent has been accorded subject to issuance of no objection certificate (NOC) from Bangladesh Bank and compliance with the relevant laws and regulatory requirements and also shall adherence to the conditions imposed by BSEC under section-2CC of the Securities and Exchange Ordinance, 1969.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/bsec-approves-tk-30b-dbh-bond-1556986420

Counter-guarantee against $300m ITFC loan soon

According to the official, the government is set to issue a counter-guarantee against an ITFC loan worth US$ 300 million to finance fuel oil import by Bangladesh Petroleum Corporation (BPC). As per BPC official, the loan will be taken from the International Islamic Trade Finance Corporation (ITFC) which requires a guarantee from the central bank and a counter-guarantee from the government. According to a finance ministry, they are going to issue a counter-guarantee soon in favour of Bangladesh Bank (BB) to facilitate BPC’s oil import and operations. In the third week of the last month, the state-run BPC in a letter requested the Energy and Mineral Resources Division (EMRD) to take necessary steps in this regard.

Source: http://today.thefinancialexpress.com.bd/last-page/counter-guarantee-against-300m-itfc-loan-soon-1556988558

UCB to install 300 CRMs by year-end

In a trailblazing move, United Commercial Bank (UCB), a leading first generation private commercial bank has progressed fast to replace the traditional automated teller machines (ATMs) with cash recycler machines (CRM) that also allow cash to be credited in real time. A CRM accepts cash, counts the notes, authenticates them and credits the amount to the bank account in real time. Unlike an ATM that just allows cash withdrawal, a CRM accepts cash, counts the notes, authenticates them and credits the amount to the bank account in real time, reducing the manual labour for the service for banks. So far, UCB has installed 115 CRMs.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/ucb-to-install-300-crms-by-year-end-1556986286

JCI Bangladesh, City Alo sign MoU

A memorandum of understanding was signed between JCI Bangladesh and City Alo at the City Alo Centre to work on women’s empowerment. JCI Bangladesh and City Alo will work together for different causes relating to women’s empowerment through organising advocacy workshops, trainings, seminars and other impactful activities. Mr. Irfan Islam, 2019 National President of JCI Bangladesh, on behalf of JCI Bangladesh and Mr. Arup Haider, Head of Retail Banking of the City bank Limited, signed the MOU. JCI Bangladesh has around 1000 members, 40 per cent of them are females.

Source: http://today.thefinancialexpress.com.bd/trade-market/jci-bangladesh-city-alo-sign-mou-1556985521

BSEC drafts share short-selling rules

Bangladesh Securities and Exchange Commission has drafted rules for short sales of shares to legalise the issue at the country’s capital market with the aim of launching new products including derivatives and sukuk at the market. Short sales are a transaction in which the seller does not actually own the stock that is being sold but borrows it from the broker-dealer through which he or she is placing the sell order. The seller then has the obligation to buy back the stock at some point in the future. Short sales are not permitted in the country’s capital market as per the existing rules. BSEC has recently posted the rules on its web site seeking public opinions. According to the drafted rules, stockbrokers may only enter into the short sales of any eligible securities on behalf of clients, if the transaction is confirmed by the client in a format approved by the exchange and the stockbroker takes the responsibility for ensuring the timely delivery of the securities.

Source: http://www.newagebd.net/article/71413/bsec-drafts-share-short-selling-rules

MNCs show mixed EPS trends in January-March

The listed multinational companies (MNCs) showed mixed performance in earnings for the January-March, 2019 compared to the same period in the previous year. Eight multinational companies, out of eleven listed with the country’s capital market, disclosed un-audited financial statements for January-March, 2019 period so far. Of them, earnings per share (EPS) of four companies rose between 4.64 per cent and 110 per cent while four companies EPS declined up to 61 per cent, according to statistics available with the Dhaka Stock Exchange. EPS is the portion of a company’s profit allocated to each outstanding share of common stock. In short, it serves as an indicator of a company’s profitability.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/mncs-show-mixed-eps-trends-in-january-march-1556986165

One Bank holds Regional Branch Conference

Chairman of the Board of Directors of ONE Bank Limited Sayeed H Chowdhury inaugurating the Regional Branches Conference-2019 of the bank at the Spectra Convention Centre in the city on Saturday in presence of the bank’s Executive Committee Chairman Zahur Ullah, Director Shawket Jaman and Managing Director M Fakhrul Alam

Source: http://today.thefinancialexpress.com.bd/trade-market/chairman-of-the-board-of-directors-of-one-bank-limited-sayeed-h-chowdhury-inaugurating-1556985693

Apex relaunches e-commerce site

Apex has announced the relaunch of their brand new, refreshed e-commerce which boasts enhanced performance and features to provide the people of Bangladesh with access of Apex’s footwear, accessories and apparel collection from wherever they want at their own convenience.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/apex-relaunches-e-commerce-site-1556986408

BEA accords reception to Kholiquzzaman

Bangladesh Economic Association on Saturday accorded reception to Independence Award winning economist Qazi Kholiquzzaman Ahmad at the Engineers Institution Auditorium in the city. Chaired by BEA president Abul Barkat, Bangladesh Bank governor Fazle Kabir spoke on the occasion as chief guest while Kholiquzzaman and his wife Zaheda Ahmad and BEA general secretary Jamal Uddin Ahmed also spoke.

Source: http://www.newagebd.net/article/71479/bea-accords-reception-to-kholiquzzaman

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA26,504.95 ↑197.16↑0.75%
Nikkei 225 22,258.73↓48.85↓0.22%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 61.94↑0.13↑0.21%
Crude Oil (Brent)$ 70.85↑0.10↑0.14%
Gold Spot$1,279.11 ↑8.42↑0.66%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 82.7699
GBP 1BDT 108.9980
EUR 1BDT 92.6742
INR 1BDT 1.1939





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