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 15, 2019

EBL, IDCOL arrange syndication loan for Midland East Power

Eastern Bank Ltd. (EBL) and Infrastructure Development Company (IDCOL) as Joint Lead Arrangers have arranged USD 67.25 million, BDT 920 million and Working Capital Facility of BDT 4,165 million for the Midland East Power Limited at Ashuganj, Brahmanbaria. A joint venture of Viyellatex Group and Youth Group, the 150 MW HFO Power Plant has been in commercial operation since November, 2018.

Source: https://thefinancialexpress.com.bd/trade/ebl-idcol-arrange-syndication-loan-for-midland-east-power-1557821572

US tariff on all China goods brightens Bangladesh RMG export prospect

The latest salvo of trade war between the United States and China with US preparing to slap tariffs on import of almost all products of the Asian country, has further brighten Bangladesh garment sector’s prospect to increase the market share in the US, said garment leaders and experts. In its year-long trade battles with China, the US has so far hiked tariffs on Chinese goods worth $200 billion but spared the consumer goods including garment which is also the major export item of Bangladesh to the US market. According to Ahsan H Mansur, Executive Director of Policy Research Institute, although this trade war [between the US and China] is not desirable, US orders for garment products will be diverted from China to Bangladesh and other countries.

Source: http://www.newagebd.net/article/72435/us-move-to-slap-tariff-on-all-china-goods-brightens-bdesh-rmg-export-prospect

Bangladesh seeks to forge strong economic ties with EEU

Bangladesh and the Eurasian Economic Commission (EEC) are set to sign an agreement on cooperation in 21 sectors to facilitate bilateral trade and economic development. According to the officials, Commerce Minister Tipu Munshi and a member of the EEC board will sign the deal in Moscow on May 31. The EEC is the executive body of the Eurasian Economic Union (EEU) comprising five member-countries — Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia. The signing of the memorandum of understanding (MoU) will help build a bridge with these countries, enabling Bangladesh to get greater trade benefits. Formed in 2015, the EEU is a market of 183 million people and has a land area of 20 million square kilometres.

Source: https://thefinancialexpress.com.bd/economy/bangladesh-seeks-to-forge-strong-economic-ties-with-eeu-1557808756

MTB signs agreement with Marie Stopes

Mutual Trust Bank Limited (MTB) has recently signed an agreement with Marie Stopes Bangladesh at MTB Centre, the bank’s Corporate Head Office in the capital, for Nationwide Bill Collection Services. Masrurul Islam, FCA, Country Director, Marie Stopes Bangladesh and Syed Rafiqul Haq, Deputy Managing Director & Chief Business Officer, Mutual Trust Bank Ltd (MTB) signed the agreement on behalf of their respective sides.

Source: https://thefinancialexpress.com.bd/trade/mtb-signs-agreement-with-marie-stopes-1557818916

IDLC’s profit rises 1.4pc

IDLC Finance’s net profit after tax rose 1.42 percent year-on-year to Tk 55.8 crore in the first quarter of 2019. Its earnings per share hit Tk 1.48, up from Tk 1.46 in the same period the previous year. Arif Khan, CEO and managing director of IDLC Finance, shared the company’s earnings data for the first quarter of 2019. Mr. Khan also added, while being cautious given the current liquidity and interest rate scenario, we have maintained both our loan and deposit portfolios, with a 10 percent growth in non-bank deposits.

Source: https://www.thedailystar.net/business/news/idlcs-profit-rises-14pc-1743775

Safwan Choudhury, re-elected Bank Asia Vice-Chairman

Mohd Safwan Choudhury has been re-elected as vice-chairman of Bank Asia at the bank’s board of directors’ meeting recently. Mr. Safwan Choudhury is a former president of Sylhet Chamber of Commerce and Industry and former chairman of Bangladesh Tea Association,

Source: http://www.newagebd.net/article/72443/safwan-re-elected-bank-asia-vice-chair

10-day Jamdani fair to begin on Thursday

A 10-day ‘Jamdani Fair’ will begin on the premise Shilpakala Academy in the city on Thursday, aiming to promote the century-old tradition of weaving the fabric. Bangladesh Small and Cottage Industries Corporation (BSCIC) and Shilpakala Academy are jointly organising the fair. According to the official, there will be some 25 stalls in the fair which will remain open for visitors from 10am to 10pm everyday till May 25.

Source: https://thefinancialexpress.com.bd/trade/10-day-jamdani-fair-to-begin-on-thursday-1557745651

Marcel registers 203pc growth in AC sales

The local electronics manufacturer Marcel has registered about 203 per cent growth in the sales of its air conditioner in January-April period of 2019 against the sales of the corresponding period of the previous year. Marcel officials disclosed the growth at an ‘Achievement Celebration’ held at the company’s Corporate Office. According to Dr Md Shakhawat Hossen, head of Sales of Marcel, the release of latest technologies AC as well as the announcement of user-friendly offers are resulted in registering a sharp rise in their AC sales during the first four months of the current year. Marcel announced some user-friendly facilities for the customers of Marcel ACs including six months replacement guaranty, free installation and 10 years guaranty on the compressor of Inverter AC.

Source: https://thefinancialexpress.com.bd/trade/marcel-registers-203pc-growth-in-ac-sales-1557813660

BRAC Bank, Bangladesh Honda Private Limited ink MoU

BRAC Bank Limited and Bangladesh Honda Private Limited (Honda), Manufacturer and Seller of Honda Motorcycle in Bangladesh, have recently entered into a partnership agreement for Motorcycle Financing. Yuichiro Ishii, Managing Director & CEO, Bangladesh Honda Private Limited, and Nazmur Rahim, Head of Retail Banking, BRAC Bank, signed the Memorandum of Understanding on behalf of their respective organisations at BRAC Bank head office.

Source: https://thefinancialexpress.com.bd/trade/brac-bank-bangladesh-honda-private-limited-ink-mou-1557816039

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA25,532.05 ↑207.06 ↑0.82%
FTSE1007,241.60 ↑77.92↑1.09%
Nikkei 225 21,103.38↑36.15↑0.17%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI) $ 61.45↓0.33↓0.53%
Crude Oil (Brent)$ 71.11↓0.13↓0.18%
Gold Spot $1,296.22↓0.70↓0.05%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 82.8787
GBP 1BDT 107.1880
EUR 1BDT 93.0093
INR 1BDT 1.1746





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