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 29, 2019

Govt injects State own Banks another Tk 1,500cr

State banks can keep on expecting to be coddled despite their continued financial irregularities and irresponsible lending practices, with the government looking to inject Tk 1,500 crore in the upcoming fiscal year to help the lenders meet their capital shortfall. In the last 17 years, the government has injected a total Tk 20,584 crore of the taxpayers’ money into the state-run banks — without any tangible improvement in their governance and lending practices to show for. According to the Khandker Ibrahim Khaled, A former Deputy Governor of the Central Bank, this should be stopped and the aim of the state-run commercial Banks is to provide funds to the government from their profits and the government will spend the money for welfare activities but these Banks are being given money to meet their capital shortfall, which defeats the purpose of their existence.

Source: https://www.thedailystar.net/business/banking/news/govt-inject-another-tk-1500cr-1750240

66pc workers are women in eight EPZs

Female workers are playing a vital role to accelerate the economic activities in the Industries in country’s eight Export Processing Zones (EPZs) with around 66 per cent participation in production. According to BEPZA General Manager Nazma Binte Alamgir, Bangladesh Export Processing Zones Authority (BEPZA) has set a milestone in women empowerment. A large number of female workers are working in the EPZs. Among the total 516,588 workers in EPZs, around 66 per cent are women. Every year an increasing number of women are joining the productive workforce of EPZs. Women from the backward areas are gradually progressing their positions in the EPZs as team leaders. Before being employed in EPZ, they were considered burden of their families and they had no participation in decision-making.

Source: https://thefinancialexpress.com.bd/economy/bangladesh/66pc-workers-are-women-in-eight-epzs-1559050676

Brac Bank to train women entrepreneurs

Brac Bank has recently announced organising a Women Business Owners’ Training Programme developing and enriching women entrepreneurs’ skills. Babson College, a US entrepreneurship college, and FMO, a Dutch financial investment firm, will aid the training. The training will be held at Brac Bank’s corporate head office in the capital’s Anik Tower on July 3, 4, 8 and 9 from 9:00am to 5:00pm. Women entrepreneurs having two years’ business experience with entrepreneurial spirit, enthusiasm and persistence are eligible to apply. The application has to be submitted by July 10 at www.bracbank.com/TARA. The participants will receive a formal recognition and achievement certificate from Brac Bank Chairman Fazle Hasan Abed, CEO Selim RF Hussain and senior representatives from FMO and Babson College on the last day.

Source: https://www.thedailystar.net/business/news/brac-bank-train-women-entrepreneurs-1750207

DSEX exceeds 5,300-mark

Stocks ended higher Tuesday, after remaining flat in the past four sessions, as investors showed their buying spree amid post-Eid expectation. According to Market Analyst, investors showed buying appetite on Banking, telecommunication, food and pharmaceuticals sectors’ shares as pre-Eid sale pressure eased. Only two trading sessions are left before nine-day Eid vacation. Trading and official activities will remain closed from May 31 to June 8, including weekly and special holidays. The market opened on optimistic note and the upward trend continued until end of the session with no sign of reversal. DSEX, the prime index of the Dhaka Stock Exchange (DSE), crossed the 5,300-mark after six sessions and settled at 5,328, gaining 75.21 points or 1.43 per cent.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/dsex-exceeds-5300-mark-1559063908

Robi logs Tk 11.5cr profit in Q1

Robi started the year with a positive note and logged Tk 11.5 crore profit in the first quarter driven by data revenue growth. However, according to the new accounting practice of its parent Axiata Group, Robi made a loss of Tk 24.6 crore in the quarter. Axiata implemented the IFRS 16, an International Financial Reporting Standard promulgated by the International Accounting Standards Board in January. After recovering from the losses since its merger with Airtel and intense competition in the last couple of years, Robi has now turned into a profitable venture. Robi credited its cost optimisation initiatives and strong data and value-added service revenue growth for the turnaround.

Source: https://www.thedailystar.net/business/news/robi-logs-tk-115cr-profit-q1-1750216

New Independent Director of Berger

Parveen Mahmud has been appointed independent director and the audit committee member of Berger Paints Bangladesh. She has worked as the first woman president of the Institute of Chartered Accountant and council member for three years.

Source: https://www.thedailystar.net/business/news/parveen-mahmud-independent-director-berger-1750210

IPDC, BSRM jointly offer discounts

BSRM and IPDC Finance have entered into an agreement, the former to offer discounts on products and the latter on interest on its Bhalo Basha home loan, all marking Eid-ul-Fitr. Aameir Alihussain, Managing Director of the steel manufacturer, and Mominul Islam, Managing Director and CEO of the non-bank financial institution, signed the memorandum of understanding.

Source: https://www.thedailystar.net/business/news/ipdc-bsrm-jointly-offer-discounts-1750204

BRAC Bank organises training in city

BRAC Bank Limited, a leading Private Commercial Bank of Bangladesh, organised a training on “Excel your career with BRAC Bank” for its best performing relationship officers of SME Banking Division in the city recently. The objective of the training, held at the BRAC Bank Head Office, was to enhance the knowledge about product and credit among the officials.

Source: http://today.thefinancialexpress.com.bd/trade-market/brac-bank-organises-training-in-city-1559064735

ONE Bank signs agreement with GD Assist

ONE Bank Limited has recently signed an agreement with GD Assist, a subsidiary of Green Delta Insurance, for launching an International Co-branded Prepaid Medical Card aiming at the health tourism market of Bangladesh. Under the agreement, an international prepaid medical card will be launched in collaboration of two organisations, which would let the card holders to load money into the card and use it for their treatment in abroad.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/one-bank-signs-agreement-with-gd-assist-1559064298

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA25,347.77 ↓237.92 ↓0.93%
Nikkei 22520,956.12↓304.02↓1.43%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 58.78↓0.36↓0.61%
Crude Oil (Brent) $ 69.89↓0.22↓0.31%
Gold Spot $1,279.40↑0.07↑0.01%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 82.6888
GBP 1BDT 104.7420
EUR 1BDT 92.4376
INR 1BDT 1.1868





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