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 30, 2019

Bangladesh signs $2.5b ODA deal with Japan

Bangladesh and Japan signed on Wednesday their 40th ODA deal involving US$ 2.5 billion for implementing five projects to bolster ties between the two countries. Economic Relations Division (ERD) Secretary Monowar Ahmed and Japanese Ambassador to Bangladesh Hiroyasu Izumi signed the ODA deal on behalf of their respective sides. Prime Minister Sheikh Hasina and her Japanese counterpart Shinzo Abe witnessed the signing at his office. Five projects, taken under the 40th Official Development Assistance (ODA) package deal, are Matarbari Port Development Project (1), Dhaka Mass Rapid Transit Development Project (Line 1), Foreign Direct Investment Promotion Project (II), Energy Efficiency and Conservation Promotion Financing Project (Phase 2) and Matarbari Ultra Super Critical Coal-Fired Power Project (V).

Source: http://today.thefinancialexpress.com.bd/first-page/bangladesh-signs-25b-oda-deal-with-japan-1559152726

WB to provide $100.5m for improving DSCC livability

The World Bank (WB) will provide Bangladesh with $100.5 million in credit to help improve livability of four large neighborhoods in Dhaka City, benefitting about a million residents. The WB financing will be available under the Dhaka City Neighbourhood Upgrading Project, which aims to enhance public spaces and urban services in four neighbourhoods—Kamrangir Char, Lalbagh, Sutrapur-Nayabazar-Gulistan, Khilgaon-Mugda-Bashabo—under the Dhaka South City Corporation (DSCC). Additional Economic Relations Division (ERD) Secretary Md. Zahidul Haque and Acting WB Country Director for Bangladesh and Bhutan Zahid Hussain signed the agreement on behalf of their respective sides at ERD in the city.

Source: https://thefinancialexpress.com.bd/national/wb-to-provide-1005m-for-improving-dscc-livability-1559138131

BSEC sets out primary market reforms

The stock market regulator has moved to implement its reform measures on the primary market as part of its two-stage plan to restore investors’ confidence. On April 29, the Bangladesh Securities and Exchange Commission (BSEC) unveiled the reform measures on both primary and secondary markets, at a meeting with the Dhaka Stock Exchange (DSE), the Chittagong Stock Exchange, the Merchant Bankers’ Association, the DSE Brokers’ Association, and the representatives from asset management companies. The move is aimed at preventing the plunge in stock prices as well as boosting investor confidence.

Source: https://www.thedailystar.net/business/news/bsec-sets-out-primary-market-reforms-1750933

Summit, JERA Asia team up for $500m energy project

Summit Corporation and JERA Asia recently signed a memorandum of understanding to initiate an energy infrastructure project at Matarbari in Cox’s Bazar involving an investment of more than $500 million. The initial agreement was signed at the New Otani Hotel in Tokyo in presence of Prime Minister Sheikh Hasina, who is now in Japan on an official visit. The project will provide impetus to Bangladesh’s trade by developing various terminals for cargo and primary fuel in Matarbari. The project is expected to be functional within two years of signing an agreement between Summit, JERA Asia and the government of Bangladesh.

Source: https://www.thedailystar.net/business/news/summit-jera-asia-team-500m-energy-project-1750963

CSE revises Shariah Index

The Chittagong Stock Exchange (CSE) has revised its Shariah Index on the basis of performance of the CSE listed companies. The new index will be effective from June 11. The CSE Shariah Index is reviewed twice in a year. The new 17 companies which have been included are: Aramit Cement, Aziz Pipes, Bangladesh Building Systems, BBS Cables, Kay & Que, Navana CNG, Usmania Glass Sheet, Ambee Pharma, Indo-Bangla Pharmaceuticals, Silva Pharmaceuticals, Aman Cotton Fibrous, Kattali Textile, ML Dyeing, Matin Spinning Mills, Pacific Denims, Shasha Denims and VFS Thread Dyeing.

Source: https://thefinancialexpress.com.bd/stock/cse-revises-shariah-index-1559112692

Bank Asia gets new audit committee Chairman

Dilwar H Choudhury has recently been elected Chairman of the audit committee of the Board of Directors of Bank Asia. Mr. Choudhury is a recognised professional banker having 35 years’ work experience in eight different countries of Asia, Europe and Africa.

Source: https://www.thedailystar.net/business/banking/news/bank-asia-gets-new-audit-committee-chairman-1750927

A change maker in fish farming

Do you remember the TV campaign, Hakim Ali’s fish farm during the 80s which was broadcast on Bangladesh Television (BTV)? He was an inspiration for a lot of fish farmers in the country. During the past two decades there has been a revolution in fish farming in the country. Bangladesh has ranked third in the world in terms of inland fish production in 2018, according to a report by United Nation’s Food and Agriculture Organization (FAO). In FY 2018, Bangladesh earned Tk 4,500 crore by exporting around 69,000 metric tons of fish and fish products. As per the records of Bangladesh Economic Review, fisheries sector contributed 3.57 percent to the national GDP in FY 2018.

Source: https://www.thedailystar.net/country/news/change-maker-fish-farming-1751005

UCB gets new AMD

Syed Faridul Islam has recently joined United Commercial Bank (UCB) as Additional Managing Director. Prior to joining the UCB, he was Deputy Managing Director and Chief Risk Officer of Prime Bank. Mr. Islam started his banking career at Grindlays Bank in 1984 and also worked at BRAC Bank and Standard Chartered Bank.

Source: https://www.thedailystar.net/business/banking/news/ucb-gets-new-amd-1750918

Dhaka Bank inks deal with IPDC Finance

Dhaka Bank has signed an agreement recently for providing online cash management services to IPDC Finance Ltd. Under the agreement, Dhaka Bank Ltd will provide automated fund collection and payment service to the clients. Mentionable that Dhaka Bank as the first local bank has introduced automated fund collection service from other Banks’ accounts.

Source: https://thefinancialexpress.com.bd/trade/dhaka-bank-inks-deal-with-ipdc-finance-1558944288

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA25,126.41 ↓221.36 ↓0.87%
Nikkei 22520,888.03↓115.34↓0.55%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 59.09↑0.28↑0.48%
Crude Oil (Brent) $ 69.59↑0.14↑0.20%
Gold Spot $1,278.16 ↓1.62↓0.13%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.0317
GBP 1BDT 104.9590
EUR 1BDT 92.5697
INR 1BDT 1.1883





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