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 16, 2019

Most Banks’ EPS up in Jan-Mar

The consolidated earnings per share (EPS) of most of the listed Banks rose in the first quarter (Q1) for January-March, 2019 of this year compared to that of the same quarter last year. EPS is the portion of a Company’s profit allocated to each outstanding share of common stock. In short, it serves as an indicator of a Company’s profitability. According to the market analysts, the banking sector remained volatile with ongoing liquidity crisis, soaring interest rate coupled with huge non-performing loans which may affect the Banks’ profitability at the end of the year. All 30 banks listed with the Dhaka Stock Exchange (DSE) disclosed their un-audited consolidated EPS for January-March, 2019 quarter.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/most-banks-eps-up-in-jan-mar-1557940240

Develop stock, bond markets to meet infrastructure financing needs

According to the official of a state-run non-bank financial institution, Bangladesh must develop its capital and bond markets to meet the long-term financing needs of infrastructure projects as bank loans are not viable for mega initiatives worth billions of dollars. As per SM Formanul Islam, Executive Director and CEO of Bangladesh Infrastructure Finance Fund, funds will have to come from the stock market or the financial sector. So, if we can’t develop the stock and bond markets, we will not have access to funds and a country could not implement infrastructure projects relying on bank borrowing.

Source: https://www.thedailystar.net/business/news/develop-stock-bond-markets-meet-infrastructure-financing-needs-1744351

Automobile repair draws big Business groups’ interest

Big Business groups are entering the automobile workshop business, tempted by the massive jump in the number of motor vehicles plying the roads in the past several years. Their entry means traditional workshops will gradually be phased out and replaced with sophisticated automated repair centres. According to market players, the owner of a five-year-old 1,500cc car has to spend an average Tk 18,000 a year for servicing. The cost is 20 percent to 30 percent higher for higher capacity cars. As per Zahirul Hoque, Secretary General of the Bangladesh Automobile Workshop Malik Samity (BAWMS), while there is no reliable data of the auto workshop industry the market has been increasing almost 15 percent annually for the last five to six years.

Source: https://www.thedailystar.net/business/news/automobile-repair-draws-big-business-groups-interest-1744339

Energypac brings $16m in FDI

Energypac Power Venture, a subsidiary of Energypac, has recently signed a joint-venture agreement with UAE-based EMA Power Investment, bringing in $16 million foreign direct investment into the country’s booming power sector. The EMA is a joint venture between South Korea’s Daelim Energy and IDB Infrastructure Fund II managed by ASMA Capital. The investment is for implementing a 115 megawatt heavy fuel oil-fired power plant project at Thakurgaon. Daelim Energy will avail 49 percent stake of the project through the investment.

Source: https://www.thedailystar.net/business/news/energypac-brings-16m-fdi-1744315

Govt bond yield rises sharply

Yield on government treasury bonds (T-bonds) increased significantly on Tuesday following an upward trend in interest rates particularly on bank deposits. According to officials and Bankers, high yield on the government securities may continue till July due to higher demand for liquidity ahead of Eid-ul-Fitr festival along with impact on closing of the fiscal year. As per the auction results, published by Bangladesh Bank (BB), the cut-off yield — generally known as interest rate — on 05-Year Bangladesh Government Treasury Bonds (BGTBs) rose to 7.46 per cent on the day from 6.99 per cent of the previous auction held on April 09.

Source: https://thefinancialexpress.com.bd/economy/govt-bond-yield-rises-sharply-1557891935

NRB Global Bank gets new AMD

Md Mostafizur Rahman Siddiquee has joined NRB Global Bank as Additional Managing Director recently. He was working in Islami Bank Bangladesh. He has 33 years’ job experiences in banking arena.

Source: http://www.newagebd.net/article/72548/mostafizur-joins-nrb-global-bank-amd

Women own 2.8pc Business in BD: ILO

According to the ILO, women’s participation is limited to 10 per cent of the total Business in the country, whereas only 2.8 per cent of the Business is owned by women. Some 26.6 per cent women have deposit in the Banks, and only 1.8 per cent women have access to bank credit. Besides, women face more barriers than men in becoming Entrepreneurs and starting their own Business in the country. The ILO, in collaboration with the Directorate of Technical Education (DTE) of the Ministry of Education, conducted the study under Bangladesh Skills for Employment and Productivity (B-SEP) Project. It is an initiative of the government, funded by Canada and implemented by the ILO.

Source: http://today.thefinancialexpress.com.bd/trade-market/women-own-28pc-business-in-bd-ilo-1557941111

ASM Feroz Alam re-elected Chairman of Premier Leasing Securities

ASM Feroz Alam was re-elected as Chairman of Premier Leasing Securities Limited in its 53rd meeting of the Board of Directors of the Company. ASM Feroz Alam is the Vice Chairman of Mercantile Bank Limited. He is also the Director of Mercantile Bank Securities Limited and Managing Director of Toyo System BD Ltd.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/news-briefs-16-05-2019-1557940512

E-commerce fair kicks off tomorrow

A two-day e-commerce fair kicks off tomorrow (Friday) aiming to make the online-based services popular. Telecom and ICT Minister Mustafa Jabbar will inaugurate the fair as the Chief Guest. The fair will be held at the General Post Office (GPO) premises in Dhaka. Some 50 large e-commerce firms will take part in the event, where there will be 80 stalls, six pavilions and six mini pavilions. Bangladesh Post Office and the E-Commerce Association of Bangladesh (e-CAB) are jointly organising the fair.

Source: http://today.thefinancialexpress.com.bd/last-page/e-commerce-fair-kicks-off-tomorrow-1557942786

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA25,648.02 ↑115.97 ↑0.45%
FTSE100 7,296.95 ↑55.35↑0.76%
Nikkei 225 21,009.11↓179.45↓0.85%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI) $ 62.40↑0..38↑0.61%
Crude Oil (Brent)$ 72.12↑0.35↑0.49%
Gold Spot $1,295.85↓0.64↓0.05%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 82.9866
GBP 1BDT 106.8880
EUR 1BDT 92.9682
INR 1BDT 1.1785





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