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 11, 2020

Govt to fulfill vacancies of top officials at BSEC

The government will fulfill the vacancies of the top officials at the securities regulator timely to avoid disruptions in the operations of regulatory affairs. A top official of the financial institutions division (FID) of the ministry of finance (MoF) said this following the discussions regarding the vacancies created in the posts of two commissioners at the securities regulator. The tenure of the chairman of the Bangladesh Securities and Exchange Commission (BSEC) also will end on May 14. After his departure, there will be only one commissioner at the BSEC. The BSEC office, stock exchanges and trading on bourses remained closed since March 26 following the public holiday announced to flatten the infection curve of Covid-19. The commission of the securities regulator is comprised of its chairman and four commissioners and the quorum is fulfilled at the commissioner meeting if at least the chairman and two commissioners remain present. The securities regulator became unable to hold any commission meeting since May 4 due to quorum crisis created following the expiry of the tenure of the BSEC commissioner professor Helal Uddin Nizami. Before facing quorum crisis, the incumbent commission held its last meeting on April 29.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/govt-to-fulfill-vacancies-of-top-officials-at-bsec-1589123475

50 lakh poor households to get cash aid through MFS from May 14

The government’s move to provide cash assistance to 50 lakh poor families hit by the coronavirus pandemic is finally taking off, with the four major mobile financial service providers set to deliver it from May 14. The disbursement will be kicked off by Prime Minister Sheikh Hasina, who will hand over Tk 2,500 each to ten families, said Md. Shah Kamal, senior secretary of the ministry of disaster management and relief. The MFS operators will have to send the Tk 2,500 with the cash-out charge to each family and for disbursement purpose, the government will bear only Tk 15 (0.6 per cent) for each disbursement, said Tanvir A Mishuk, managing director of Nagad, a joint venture of the postal division and a private firm that will disburse the highest amount of Tk 425 crore. The other operators will also get Tk 15 from the government but since their cash-out charge is higher they will have to send that full cash-out value to the beneficiary families, he added. Market leader bKash will disburse Tk 375 crore, Rocket Tk 250 crore and SureCash Tk 200 crore. The database contains the National Identity (NID) number of recipients, their mobile phone numbers, address, the person’s age and the number of family members such that all duplications and other irregularities can be avoided, according to officials.

Source: https://www.thedailystar.net/business/news/50-lakh-poor-households-get-cash-aid-through-mfs-may-14-1901455

DSE, CSE donate Tk 12.50m to PM’s relief fund

The Dhaka Stock Exchange and the Chittagong Stock Exchange have donated Tk 10 million and Tk 2.50 million respectively to the Prime Minister’s Relief and Welfare Fund to help fight the Covid-19 pandemic. The country’s prime bourse donated the fund to the Prime Minister’s Relief and Welfare Fund so that the government could expedite its initiatives to prevent the spread of coronavirus, said a press release on Sunday. The DSE chairman Md Eunusur Rahman handed over the cheque to Ahmad Kaikaus, the principal secretary to the Prime Minister at the Prime Minister’s Office on Sunday. On the other hand, the CSE management and staff contributed one month basic salary worth Tk 2.50 million to the Prime Minister’s Relief and Welfare Fund in the same venue on the day, according to a CSE press release. While handing over the cheque, the CSE Chairman Asif Ibrahim mentioned to the Prime Minister that CSE has taken responsibility of 4,000 destitute families in Chittagong amid ongoing pandemic. The CSE chairman requested the Prime Minister to consider the CSE plea for a stimulus package of Tk 10.50 billion for the benefit of retail investors and brokerage houses.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/dse-cse-donate-tk-1250m-to-pms-relief-fund-1589123555

Max Group donates Tk 30m to PM’s fund

Max Group, one of the largest engineering companies of Bangladesh, has donated an amount of Taka 30 million to Prime Minister’s Relief and Welfare Fund to combat the Coronavirus outbreak in the country. Furthermore, employees of all stages of the company have a contribution in this humanitarian initiative.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/max-group-donates-tk-30m-to-pms-fund-1589123883

Jamuna Bank gets new chairman

Fazlur Rahman has recently been elected as the chairman of Jamuna Bank. The election took place at a meeting of the board of directors of the private commercial bank, according to a press release. A renowned entrepreneur, Rahman is the chairman and managing director of City Group, which he founded in 1972. It is now a leading group of companies in Bangladesh, employing more than 15,000 people. Rahman had served the bank as its chairman from 2006 to 2007.

Source: https://www.thedailystar.net/business/news/jamuna-bank-gets-new-chairman-1901446

BARI gets new DG

Noted agriculture scientist Dr. Md Nazirul Islam has joined as Director General (DG) of Bangladesh Agricultural Research Institute (BARI). He officially took over his new charges by handing over his joining letter to Secretary of the ministry of agriculture Md. Nasiruzzaman on Sunday. Nazirul Islam joined the BARI as a scientific officer on January 11, 1989.

Source: https://today.thefinancialexpress.com.bd/trade-market/bari-gets-new-dg-1589124901

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
↑ 455.43↑ 1.91 %
FTSE1005935.98↑ 82.22↑ 1.40 %
Nikkei 22520454.46↑ 275.37↑ 1.36 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 24.45↓ 0.29↓ 1.17 %
Crude Oil (Brent)$ 30.61↓ 0.36↓ 1.16 %
Gold Spot$ 1705.42↑ 2.72↑ 0.16 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.2628
GBP 1BDT 103.228
EUR 1BDT 90.1997
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