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 06, 2019

BB revises interest rate policy on short term foreign currency loans

According to the official, central bank has revised interest rate policy on short-term foreign currency loans linked with global bench mark rate.Under the revised policy, the banker are allowed to fix the interest rates on buyers’/suppliers’ credit at six-month LIBOR (London Inter-bank Offered Rate) plus maximum 3.50 per cent instead of earlier maximum 6.0 per cent. The Bangladesh Bank (BB) said in a notification on Sunday that the revised rate structure shall continue until further instructions. As per the BB senior official, the central bank revised its policy on usance interest rate against import under suppliers’/ buyers credit to facilitate the country’s business community.

Source: http://today.thefinancialexpress.com.bd/last-page/bb-revises-interest-rate-policy-on-short-term-foreign-currency-loans-1557081993

Three drug makers become NBR’s trusted traders

According to the official, Square, Beximco and Incepta Pharmaceuticals yesterday were granted the privilege of being the revenue authority’s trusted traders — meaning they would be able to clear their imported and exported goods from the ports faster than the rest. The three drug makers were declared Authorised Economic Operators (AEOs) by the National Board of Revenue (NBR) at an accreditation ceremony organised jointly with the USAID-Bangladesh Trade Facilitation Activity II project. At the event, the NBR launched the AEO programme to facilitate trade by providing green channel to compliant Businesses to do overseas trade in a secure, transparent and predictable trading environment. As per AEO, the Companies will enjoy several benefits that include examination of goods on their premises, direct clearance of goods from ports and completion of clearance procedures before the arrival of goods.

Source: https://www.thedailystar.net/business/news/three-drug-makers-become-nbrs-trusted-traders-1739305

DSE turnover crosses Tk 5.0 billion-mark

Stocks maintained the upward trend for the third day in a row on Sunday as optimistic investors showed their buying spree across the board amid positive expectation. As per the marker analyst, stocks kept gaining as the enthusiastic buyers continued their buying appetite on large-cap stocks, taking the prime index above 5,300-mark once again. According to stockbroker the investors became active on the market for taking fresh position in sector specific stocks considering favourable price level. Positive quarterly earnings disclosures some of the companies also made investors buoyant in the market.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/dse-turnover-crosses-tk-50-billion-mark-1557083524

Non-RMG exporters to get bond facility

According to the Chief of NBR, the National Board of Revenue (NBR) has started a thorough review of the existing bonded warehouse facility as part of its move to extend the same to non-apparel exports. The NBR Chairman added Readymade garment (RMG) makes up around 85 per cent of the country’s exports. Now time has come we diversified export-basket and expand the duty-free facility to other export-oriented sectors. The NBR chairman’s comments came at an orientation programme arranged for the members of the Economic Reporters Forum (ERF). The programme titled ‘Tariff modernisation and expansion of bonded warehouse facilitates to non-RMG’ exporters,’ was organised by the ERF in collaboration with Bangladesh Investment Climate Fund II (BICF) of the International Finance Corporation (IFC).

Source: http://today.thefinancialexpress.com.bd/first-page/non-rmg-exporters-to-get-bond-facility-1557081383

Australia, ILO to support RMG workplace safety programme

Australia has forged a partnership with the International Labour Organization (ILO) to support a work safety programme in the readymade garments sector in Bangladesh. ‘Better Work Bangladesh’, the programme aims to improve working conditions, advance women’s economic potential and boost the competitiveness of the country’s readymade garment industry. Better Work Bangladesh (BWB) is a joint programme of the ILO and the International Finance Corporation (IFC). The Australian government has been supporting BWB since 2016 and till date the programme reaches 485,708 workers in 210 factories who work with 22 international brands.

Source: http://today.thefinancialexpress.com.bd/trade-market/australia-ilo-to-support-rmg-workplace-safety-programme-1557085295

Fifth edition of AGROW Award launched

Standard Chartered Bangladesh yesterday announced the launch of a fifth edition of Standard Chartered – Channel I Agrow Award 2019 to recognise the best performers in the agriculture sector. The Bank and Channel I—the joint organisers of the event—made the announcement at a press conference. This year, awards will be presented in eight different categories: farmer of the year – male; farmer of the year – female; heroes for change; jury special; best agricultural organisation in research, innovation and technology; best agricultural organisation in support and execution; best agricultural exporter and lifetime achievement award.

Source: https://www.thedailystar.net/business/news/fifth-edition-agrow-award-launched-1739329

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)$ 60.54↓1.40↓2.26%
Crude Oil (Brent)$ 69.45↓1.40↓1.98%
Gold Spot$1,282.14 ↑3.03↑0.24%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 82.7699
GBP 1BDT 108.9980
EUR 1BDT 92.6634
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