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

Click to Close

Rate last updated: 02/01/2014 11:15:04 AM

Important Business News Extracts May 12, 2019

Merchandise exports witness 11.61pc growth

The country’s merchandise exports during the July-April of current fiscal (FY19) marked 11.61 per cent growth, according to official data released on Thursday. As per data by Export Promotion Bureau (EPB), merchandise export in FY19 stood at $33.93 billion which was $30.40 billion during the same period of the previous fiscal (FY18). The data also showed that export performance was 6.36 per cent higher than the target set for the ten-month period of this fiscal. The single month earnings in this year’s April grew by 2.69 per cent to $3.03 billion, which was $ 2.95 billion in the same month of 2018.

Source: https://thefinancialexpress.com.bd/economy/merchandise-exports-witness-1161pc-growth-1557407442

IPDC on a roll

When a majority of financial institutions are struggling with default loans and a lack of Corporate governance, IPDC Finance Ltd has achieved stellar success by rolling out a raft of successful Business models. According to the Mominul Islam, Managing Director of IPDC, the success story of IPDC is an example for the entire financial sector. IPDC’s journey was not smooth. When Mr. Islam joined IPDC as the head of operations in 2006, its classified loan stood at 37 percent. It did not have proper Corporate governance related model, risk management framework, technological module and dedicated loan recovery unit. Since then, the country’s first private sector financial institution has grown from strength to strength by improving the whole system.

Source: https://www.thedailystar.net/business/news/ipdc-roll-1742176

VAT waiver for API producers

The list concerning tax exemptions granted by the National Board of Revenue (NBR) has grown a bit longer in the first week of the current month. The Board has issued an order allowing the import of raw materials and reagents for the production of active pharmaceutical ingredients (API) or the basic drug by the country’s Pharmaceutical Industries without paying the value added tax (VAT). The NBR’s move has fulfilled a long-standing demand of the drug companies wanting to be involved in API production. However, the Board has decided to be watchful. It has attached a few conditions to the facility of VAT waiver that, according to the order, would remain effective until December 2025.

Source: https://thefinancialexpress.com.bd/editorial/vat-waiver-for-api-producers-1557591040

BRAC Bank celebrates 2nd anniversary of ‘TARA’

BRAC Bank Limited has recently celebrated the second anniversary of the launch of its comprehensive Women’s Banking solutions ‘TARA’. Mr. Selim R. F. Hussain, Managing Director & CEO, BRAC Bank, and senior officials were present at the program to mark the occasion.

Source: https://thefinancialexpress.com.bd/trade/brac-bank-celebrates-2nd-anniv-of-tara-1557564307

DSE to launch one-stop data exchange services

The Dhaka Stock Exchange has planned to launch a one-stop data exchange solution agency styled as Financial Data Exchange Platform for the regulators, stock exchanges and other core market institutions including brokerage houses, Commercial Banks, Asset Management Companies and market intermediaries. As per the official, the decision came following a proposal by a Chinese consortium comprising the Shenzhen Stock Exchange and the Shanghai Stock Exchange, DSE’s strategic partners. DSE official added, a software system that would provide a secure, reliable and fast channel for trading, flow of funds and information about various types of financial institution in Bangladesh.

Source: http://www.newagebd.net/article/72128/dse-to-launch-one-stop-data-exchange-services

Bank Asia holds workshop on Islamic Banking

Bank Asia recently organised a day-long workshop on Islamic Banking in its Corporate Office for Dhaka based 50 Heads of Branches.

Source: https://thefinancialexpress.com.bd/trade/bank-asia-holds-workshop-on-islamic-banking-1557468262

Yamaha bikes to be built in BD from next year

Yamaha motorcycles will be manufactured in Bangladesh starting next year, a move which the initiators say will offer competitive prices to bikers. According to the FH Ansarey, Managing Director of ACI Motors, It will take up the rest of this year to set up the manufacturing operations and it is a joint initiative of ACI Limited and Yamaha Motor Corporation bringing the Japanese brand’s two-wheelers.

Source: https://www.thedailystar.net/business/news/yamaha-bikes-be-built-here-next-year-1742338

BIDA to set up lounge for Investors at Dhaka airport

Bangladesh Investment Development Authority (BIDA) is going to set up a lounge at Hazrat Shahjalal International Airport to facilitate Foreign Investors’ use of the airport and fast deliver related services. According to the Executive Chairman of BIDA, Kazi M Aminul Islam, they are going to float a tender on setting up the lounge and will be able to open its doors for the investors within three to four months.

Source: https://www.thedailystar.net/business/news/bida-set-lounge-investors-dhaka-airport-1742326

BYLC honours six young leaders

Bangladesh Youth Leadership Center (BYLC), a leadership institute, has honoured six young leaders at a ceremony for their contributions to society. The BYLC handed over awards to the six leaders at its second alumni awards ceremony held on Friday at the Bangabandhu International Conference Center in the capital.

Source: https://thefinancialexpress.com.bd/trade/bylc-honours-six-young-leaders-1557562313

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA25,942.37 ↑114.01 ↑0.44%
Nikkei 225 21,344.92↓57.21↓0.27%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI) $ 61.66↓0.04↓0.06%
Crude Oil (Brent)$ 70.62↑0.23↑0.33%
Gold Spot $1,286.05↑1.97↑0.15%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 82.7540
GBP 1BDT 107.5790
EUR 1BDT 92.9343
INR 1BDT 1.1803





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