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 10, 2020

Motorcycle manufacturers seek financial support worth Tk 20.6b

Two associations of motorcycle assemblers and manufacturers have sought a financial support worth Tk 20.6 billion from the government to help protect the motorcycle industry. They have sought the support from the fund worth Tk 777.50 billion recently announced by the government under a stimulus package as the automobile companies are reeling from the shock of Covid-19. The manufacturers said the onslaught began at the end of March and is prevailing still now following the prolonged lock down. The manufacturers and assemblers have predicted a loss of Tk 6.0 billion from the sales of motorcycles during one month closure amid public holiday. The allocations of the proposed package includes: an amount of Tk 600 million with 2.0 per cent service charge to pay salary and wages and an amount of Tk 20 billion to support the working capital at a subsidized interest rate of 4.0 per cent. Of the listed companies, Aftab Automobile reported its revenue of above Tk 537.77 million for October-December, 2019 against above Tk 708.14 million reported for same period of the previous year. The company’s net operating cash flow was also negative (Tk 0.47) for July-December, 2019 against Tk 0.15 for July-December, 2018. The consolidated EPS of IFAD Autos declined to Tk 0.96 for October-December, 2019 from Tk 1.61 for same period of the previous year.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/motorcycle-manufacturers-seek-financial-support-worth-tk-206b-1589037759

Bangladesh-India freight train service resumes

Bangladesh Railway (BR) has started freight train service to bring in essential goods from India amid a slowdown in road-based transportation due to the coronavirus pandemic. Railway officials said the first train carrying 1,000 tonnes of onion left Gede at 04:25pm and crossed the Darshana-Gedeborder at 5:20 pm on Saturday. Though freight service from Chattogram Port is operated well, the rest of goods carrying services are not getting good response from traders and businessmen.

Source: https://today.thefinancialexpress.com.bd/trade-market/bangladesh-india-freight-train-service-resumes-1589038552

Turkey bans three int’l banks

Turkey has banned three major international banks – BNP Paribas, Citibank and UBS – from performing foreign exchange transactions with Turkish Lira. During the closed-door online meeting, Albayrak attempted to convince international investors that Turkey’s reserves are sufficient and said the country has been holding swap line talks with its G20 peers.

Source: https://today.thefinancialexpress.com.bd/trade-market/turkey-bans-three-intl-banks-1589038640

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
↑ 455.43↑ 1.91 %
FTSE1005935.98↑ 82.22↑ 1.40 %
Nikkei 22520179.09↑ 504.32↑ 2.56 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 24.74↑ 1.19↑ 5.05 %
Crude Oil (Brent)$ 30.97↑ 1.51↑ 5.13 %
Gold Spot$ 1702.70↓ 13.36↓ 0.78 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.2628
GBP 1BDT 103.224
EUR 1BDT 90.2019
INR 1BDT 1.11039





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