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 09, 2019

BB to issue new guideline soon: Mustafa Kamal

According to the Finance Minister Mustafa Kamal, the new guideline on restructuring of bad loans would be issued by the Bangladesh Bank soon. It will be issued before the placement of budget for the next financial year on June 13. The government has prepared the new guideline amid criticisms that it would offer restructuring of bad loan on further relaxed conditions and would be misused by wilful and large loan defaulters. Mustafa Kamal had earlier said that the new loan restructuring guideline with the provision of 9 per cent interest against the current 11-12 per cent would come into effect from May 1.

Source: http://www.newagebd.net/article/71876/bb-to-issue-new-guideline-soon-mustafa-kamal

New ADP to be 21pc bigger

The government is set to fix the size of the development budget at Tk 202,721 crore for 2019-20, up 21.39 percent from the current fiscal year, as it looks to mobilise a higher amount of foreign aid piled up in the pipeline. As of November last year, the amount of foreign aid in the pipeline stood at $48.75 billion. The draft proposal was adopted at an inter-ministerial meeting chaired by Planning Minister MA Mannan at the Planning Ministry. As per Mr. Mannan, they will place the draft of the annual development programme at the National Economic Council (NEC) meeting next week for its final approval.

Source: https://www.thedailystar.net/business/news/new-adp-be-21pc-bigger-1740955

Saudi Investment Group keen to invest in Bangladesh ports

Saudi port operator and investment group – Red Sea Gateway Terminal (RSGT) – has expressed willingness to invest in Chattogram, Mongla and Payra ports and terminal sector in Bangladesh. According to the investment interest came when RSGT associate director Hassan Al Tahat met State Minister for Shipping Khalid Mahmud Chowdhury. Minister added, the Saudi investment in Bangladesh’s port and terminal sector would become a milestone.

Source: https://thefinancialexpress.com.bd/trade/saudi-investment-group-keen-to-invest-in-bangladesh-ports-1557324670

Pathao targets up to $50 million in fresh funds

As per the Senior Executive, Pathao, a Bangladeshi ride-hailing firm, is seeking to raise up to $50 million in its latest funding round to add more services such as payments and expand its food delivery business. The Indonesia’s Go-Jek-backed Bangladeshi start-up, which was established in 2015 as an e-commerce logistics provider, has since expanded into food delivery and ride-hailing for motorbikes and cars. According to the Pathao’s Chief Operating Officer, Pradeep Grewal, they are looking to raise around $40-$50 million.

Source: https://thefinancialexpress.com.bd/trade/mtb-launches-two-sme-products-1557210781

BRAC Bank, Energypac Fashions sign deal

BRAC Bank Limited and Energypac Fashions Ltd have signed an Employee Banking Agreement. Energypac Fashions Ltd, a leading technologically advanced RMG Company in Bangladesh, is one of our largest corporate clients of the bank. Under this agreement, employees of Energypac Fashions Ltd. will enjoy exclusive Employee Banking Service of BRAC Bank.

Source: https://thefinancialexpress.com.bd/trade/brac-bank-energypac-fashions-sign-deal-1557298178

Next budget to be more people-friendly

According to the Finance Minister AHM Mustafa Kamal, the next budget for fiscal 2019-20 would be more people-friendly and ensure smooth implementation of development projects. The Minister also added, the budget will be for all people. We will give the budget for development of all people.

Source: https://www.thedailystar.net/business/next-budget-be-more-pro-people-mustafa-kamal-says-1740946

BSRM – Uttaran Water Project in Shatkhira

BSRM and its NGO partner Uttaran have agreed to set up a submersible pipeline water supply project in Khanpur, Tala, Shatkhira. The capacity of the water reservoir will be 50,000 litre, 500 HHs and 3,700 family members will be benefitted. The project is expected to be completed by December 2019. Mr. Shahidul Islam of Uttaran, Mr. Kazi Anwar Ahmed and Ruhi M. Ahmed of BSRM group signed the JV agreement in Dhaka recently.

Source: https://thefinancialexpress.com.bd/trade/bsrm-uttaran-water-project-in-shatkhira-1557300107

IOM to implement PACE programme for migrants

The Gap Inc, a global apparel retailer, and the International Organisation for Migration (IOM) have recently signed an agreement that will enable the UN agency to implement the company’s innovative Personal Advancement and Career Enhancement (PACE) curriculum modules in Bangladesh. The PACE curriculum will provide foundational life skills, technical training and education, including courses on communication, problem-solving, decision-making, time and stress management and financial literacy.

Source: https://thefinancialexpress.com.bd/trade/iom-to-implement-pace-programme-for-migrants-1557288541

GP launches healthcare services in eight centres

Grameenphone has recently launched healthcare services in eight Grameenphone Centres in Dhaka and Chattogram. The service outlets, named Tonic Booth, are available in six GPCs at Gulshan, Mirpur, Dhanmondi, Motijheel, Farmgate and the head office in Dhaka.

Source: http://www.newagebd.net/article/71878/gp-launches-healthcare-services-in-eight-centres

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA25,967.33 ↑2.24↑0.01%
Nikkei 225 21,376.02↓226.57↓1.05%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI) $ 61.63↓0.49↓0.79%
Crude Oil (Brent)$ 69.82↓0.55↓0.78%
Gold Spot $1,279.83 ↓1.05↓0.08%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 82.9175
GBP 1BDT 108.0430
EUR 1BDT 92.8492
INR 1BDT 1.1885





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