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 13, 2019

BB asks four SoCBs to focus on SME lending

According to the official, the Central Bank has asked the four State-owned Commercial Banks (SoCBs) to focus on SME (small and medium enterprise) lending, particularly in the manufacturing sector, along with large loans to minimise risks. The advice was given at a meeting held at the Bangladesh Bank (BB) headquarters in Dhaka on Sunday to review the memorandums of understanding (MoUs) of Sonali Bank, Janata Bank, Agrani Bank and Rupali Bank. BB Governor Fazle Kabir chaired the programme. Official also added, there is no alternative but to boost recovery drive to improve their (SoCBs) financial health and the Public Banks have been advised to expedite SME lending to bring unbanked people under the banking network.

Source: http://today.thefinancialexpress.com.bd/first-page/bb-asks-four-socbs-to-focus-on-sme-lending-1557681633

Islamic Finance to issue Tk 3.0b bond

As per the official, the Board of Directors of Islamic Finance & Investment has decided to issue IFIL Mudaraba non-convertible fully redeemable subordinated bond of Tk 3.0 billion. The company will issue the bond only for raising fund subject to the approval of the regulatory authorities- Bangladesh Bank (BB) and Bangladesh Securities and Exchange Commission (BSEC).

Source: https://thefinancialexpress.com.bd/stock/islamic-finance-to-issue-tk-30b-bond-1557638644

Two Companies to raise Capital through SME Platform

Two small capital Companies namely Krishibid Seed and Annex Suites have taken initiatives to raise capital through SME Platform of the country’s premier bourse. As part of the process of raising capital, both the companies have signed agreement with their issue manager– MTB Capital. The Dhaka Stock Exchange (DSE) formally launched the ‘DSE SME Platform’ on April 30 last to facilitate the growth of small and medium sized Companies. As per the agreement, Krishibid Seed, a private limited company of Krishibid Group, will raise a capital worth Tk 150 million offloading 15 million ordinary shares at an offer price of Tk 10 each under the fixed price method.

Source: http://www.today.thefinancialexpress.com.bd/stock-caorporate/two-cos-to-raise-capital-through-sme-platform-1557683049 

NBR to allow private ICDs in Dhaka

National Board of Revenue has, in principle, decided to allow setting up private inland container depot under Dhaka Customs House to ease congestion at air cargo village at Hazrat Shahjalal International Airport. NBR has asked Dhaka Customs House to frame a policy on licencing, conditions and other relevant issues of private ICDs, also known as off-dock or air freight station. A senior customs house official last week told New Age they had already finalised the draft of the policy and had submitted to Dhaka Customs House commissioner Md. Moazzem Hossain to place before NBR.

Source: http://www.newagebd.net/article/72237/nbr-to-allow-private-icds-in-dhaka

All exports to get same incentives in Budget

According to the Prime Minister’s (PM) Private Industry and Investment Adviser Salman F Rahman, all export-oriented sectors will get incentive benefits, similar to ready-made garments (RMG), from the next financial year (FY), 2019-20, to ensure diversification in the country’s exports. While speaking in a workshop titled ‘’Bangladesh – Leveraging Growth Opportunities in the Neighbourhood’ Mr. Rahman added, all the incentives, provided to garments sector, will now be given to all exports, irrespectively. The decision to give equal incentives to all exports will be reflected from the next budget.

Source: http://today.thefinancialexpress.com.bd/last-page/all-exports-to-get-same-incentives-in-budget-1557682117

A Rouf Chowdhury, reelected as Chairman of Bank Asia

A Rouf Chowdhury has recently been reelected as Chairman of Bank Asia. The leading promoter of the bank, Mr. Chowdhury is the Chairman of Rangs Group and Sea Resources Group and a director of The Daily Star, the highest circulated English daily in the country.

Source: https://www.thedailystar.net/business/news/rouf-chowdhury-reelected-chairman-bank-asia-1742746

Nargis Anwar, new Vice-Chairman of Premier Leasing and Finance

Nargis Anwar has been elected as new vice-chairman of Premier Leasing & Finance recently. Nargis is the chairperson of Living Plus Limited, a Real Estate company currently. She is also a sponsor shareholder of Mercantile Bank.

Source: http://www.newagebd.net/article/72245/nargis-elected-as-new-vice-chair-of-premier-leasing-and-finance

Two mutual funds declare 8.0pc cash dividend

The Trustee Board of two mutual funds — the AIBL 1st Islamic Mutual Fund and MBL 1st Mutual Fund — have declared 8.0 per cent cash dividend each based on the net income for the year ended March 31, 2019.

Source: https://thefinancialexpress.com.bd/stock/bangladesh/two-more-mutual-funds-declare-80pc-cash-dividend-1557670972

Hatil brings robot carpenters

Hatil has invested over Tk 200 crore to renovate its Zirani Bazar factory in Savar with state-of-the-art machinery, including automated robotic systems, in an attempt to take its growing global popularity to newer heights. The additions led to increased technological dependence for the 20-acre plant but that did not translate into job cuts, much to the relief of around 2,300 human employees of the company, rather it doubled production. The tech includes a robotic arm for lacquering, computer-aided design machinery and curing equipment using ultraviolet light. Most of the fund came as loans from HSBC, Mutual Trust Bank, Prime Bank and others.

Source: https://www.thedailystar.net/business/news/hatil-brings-robot-carpenters-1742773

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA25,942.37 ↑114.01 ↑0.44%
Nikkei 225 21,244.53↓100.39↓0.47%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI) $ 61.57↓0.09↓0.15%
Crude Oil (Brent)$ 70.67↑0.05↑0.07%
Gold Spot $1,285.15↓0.90↓0.07%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 82.7540
GBP 1BDT 107.5820
EUR 1BDT 92.9387
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