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 20, 2019

BCIC to get Tk 48b counter-guarantee

According to official, the government is set to extend counter-guarantees worth Tk 48 billion for the Bangladesh Chemical Industries Corporation (BCIC).The measure will facilitate uninterrupted imports of fertiliser for the country’s agriculture sector.The BCIC recently wrote to industries ministry seeking extension of the tenure of counter-guarantees, issued in favour of five state-owned banks (SoBs), by one year to June 30, 2020. According to the BCIC, the tenure of counter-guarantees expired on June 30 this year. Industries ministry later forwarded the letter to finance ministry to continue fertiliser imports smoothly. A senior BCIC official said it is not possible for banks to open letters of credit (LCs) to import urea for fiscal year (FY) 2018-19. Fertiliser imports would get hampered if the government does not issue counter-guarantees to the SoBs.

Source: https://thefinancialexpress.com.bd/trade/bcic-to-get-tk-48b-counter-guarantee-1558153308

Core index exceeds 5,300-mark again

Dhaka stocks surged more than 2.0 per cent on Sunday as investors reacted positively to the Bangladesh Bank’s market supportive measures. DSEX, the prime index of the Dhaka Stock Exchange (DSE), soared nearly 105 points or 2.01 per cent to settle at 5,335. According to the market analysts, the Central Bank’s market supportive measures which widened the Banks’ scope to invest in the stock market, created hype among investors. The Bangladesh Bank (BB) issued a circular on Thursday for exempting banks’ investments in non-listed companies from capital market exposure, a move that can give banks plenty of room for fresh investments in the stock market.

Source: https://thefinancialexpress.com.bd/stock/core-index-exceeds-5300-mark-again-1558289297

 MFS limits jacked up

The Bangladesh Bank yesterday raised the transaction ceiling for mobile financial service following requests from industry players with a view to promoting the alternate payment platform. The move comes two and a half years after it had lowered the ceiling on the ground that the facility was being abused by vested quarters. From now on, a maximum of Tk 30,000 can be deposited into an MFS account in a day, up from existing Tk 15,000. The monthly transaction ceiling has been doubled to Tk 2 lakh.

Source: https://www.thedailystar.net/business/news/mfs-limits-jacked-1746178

BGMEA to set up RSC for better monitoring

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has planned to establish a ‘RMG Sustainability Council (RSC) to ensure the full and independent national compliance monitoring system in Bangladesh. The RSC will be governed by BGMEA, Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), brands, and workers’ representatives. The RSC will take over the structure, operation and resources of Accord as it phases out from Bangladesh in the 281 days of signing of the current memorandum of understanding (MoU).

Source: https://thefinancialexpress.com.bd/stock/city-bank-to-issue-tk-30b-zero-coupon-bonds-1557986690

 BASIS seeks Tk 5.0b allocation in next budget for TA projects        

ICT Businesses urged the government to allocate Tk 5.0 billion for Technical Assistance (TA) projects and Tk 2.0 billion as ICT development fund in the national budget for the fiscal year 2019-20. A delegation of Bangladesh Association of Software and Information Services (BASIS) and other Business leaders placed the pre-budget proposal to Finance Minister A H M Mustafa Kamal at a meeting at the Economic Relations Division. BASIS urged the minister to allocate the fund for the TA projects in the next budget to enhance the capacity of the local industry.

Source: http://today.thefinancialexpress.com.bd/trade-market/basis-seeks-tk-50b-allocation-in-next-budget-for-ta-projects-1558286606

 New FBCCI Board of Director takes charge                                       

New board of directors of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) took charge officially on Sunday. Board of the country’s apex trade body, elected for 2019-2021 tenure, took over the charge at a function held at the FBCCI Bhaban.

Source: https://thefinancialexpress.com.bd/trade/new-fbcci-board-of-director-takes-charge-1558268954

Runner Automobiles makes debut tomorrow

Runner Automobiles Ltd will make its share trading debut tomorrow (Tuesday) on the bourses under ‘N’ category. According to a DSE official, despite the company’s IPO shares were credited into respective BO accounts on March 25, trading was delayed due to sluggish market trend. Runner Automobiles, a flagship company of Runner Group, raised a fund worth Tk 1.0 billion by floating 13.93 million shares from the capital market under the book-building method.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/runner-automobiles-makes-debut-tomorrow-1558285413

 Oikko: New SME outlet opens

Oikko, the first sales and digital experience outlet for SME products has opened recently. Country’s 90 million SME entrepreneurs will be benefitted by this outlet. Oikko is working on the development of SME entrepreneurs and various development activities of this sector. Oikko has developed the biggest online market of SME entrepreneurs as OIkko.com.bd.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/sme-outlet-opens-1558285593

 Standard Bank, Eurotex Knitwear sign deal

Standard Bank Ltd. and Eurotex Knitwear Limited have signed an agreement for specialised services of Retail Banking named “Employee Savings Account Services” recently at SBL Head Office, Dhaka. Under this agreement, around four thousand employees of Eurotex Knitwear Limited will get their salaries through the benefit-rich savings account of SBL.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/standard-bank-eurotex-knitwear-sign-deal-1558285507

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA25,764.00 ↓98.68 ↓0.38%
Nikkei 225 21,331.30↑81.21↑0.38%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 63.54↑0.78↑1.24%
Crude Oil (Brent)$ 73.20↑0.99↑1.37%
Gold Spot $1,277.03↓0.50↓0.04%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 82.6429
GBP 1BDT 105.0620
EUR 1BDT 92.1948
INR 1BDT 1.1714





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