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 November 12, 2019

First Taka bond listed on London Stock Exchange

The first-ever Bangladeshi Taka-denominated bond titled “Bangla Bond” was listed on the London Stock Exchange (LSE) on Monday which will help Bangladesh raise money from overseas investment. Bangla Bond” would help raise money from overseas investment which is set to be invested back in Bangladesh for further strengthening its private sector. UK government and IFC officials and investors from the UK and Bangladesh were present. Initially, the Bangla Bond is equivalent to US$10 million on the London bourse and it will have a three-year maturity, with a 6.3 per cent annual rate of interest. The IFC is the guarantor of Bangla Bond in the international market. The proceeds from this bond in the European market will be invested back in Bangladesh for development of its private sector. “The Ring, The Bell” ceremony was scheduled to be followed by an ‘Investor’s Roundtable’ to showcase Bangladesh’s growth story and investment opportunities.

Source: https://today.thefinancialexpress.com.bd/first-page/first-taka-bond-listed-on-london-stock-exchange-1573494140

PPP law to include G2G provision

The cabinet approved, in principle, the draft of “The Bangladesh Public-Private Partnership (PPP) (amendment) Law, 2019″ on Monday keeping a provision of undertaking and implementing the G2G (government to government) projects in the existing act, reports BSS. The Bangladesh Public-Private Partnership (PPP) Act, 2015” was framed to create a partnership with private sector by attracting local and foreign investment aimed at improving living standard of the people and expediting the country’s socioeconomic progress as well as building infrastructures. “Under the existing law there is no provision about the G2G schemes. But after the introduction of the PPP Act, 2015 the government took initiatives for execution of the PPP projects (G2G PPP) with various countries. Policy for Implementing PPP Projects through Government to Government (G2G)” and other counties have also shown their interest to undertake schemes in this process. The proposal has been made as arrangement of six meetings in a year is time consuming and it is not possible for the members, including the chairman of the Board of Governors.

Source: https://today.thefinancialexpress.com.bd/last-page/ppp-law-to-include-g2g-provision-1573494861

China’s top co to help develop BD’s financial market base

Kingdom Technology, a leading financial technology provider in China, showed keen interest to develop Bangladesh’s financial market infrastructures in collaboration with local firms. Kingdom Technology is a financial technology provider listed on Shenzhen and Shanghai Stock Exchanges. With over 8000 employees, the company has provided the digital trading platform to 50 per cent brokers in China as well as helping build the technology infrastructure for Shenzhen and Shanghai Stock Exchanges and China’s central bank. Kingdom Technology intends to be a long-term partner in leveraging technology for Bangladesh’s financial sector and economic development. Shenzhen Stock Exchange is the 8th largest stock market globally with a combined market value of $ 3.3 trillion embarked on a thriving digital platform.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/chinas-top-co-to-help-develop-bds-financial-market-base-1573495865

UCB signed agreement with 7 districts Police

United Commercial Bank Limited (UCB) signed an agreement with the 7 districts Police (Rangpur, Dinajpur, Nilphamari, Kurigram, Thakurgaonn, Panchagarh and Gaibandha) under Rangpur range on e-trafficking prosecution and a fine payment system recently. As per the agreement, the payment of fines for traffic cases filed with 7 (Seven) districts police under Rangpur range can be easily initiated through UCash, the mobile financial service of UCB. Senior officials were present at the event.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/ucb-signed-agreement-with-7-districts-police-1573496212

Businesses expect robust growth next year

As high as 97 percent of business enterprises in Bangladesh said they would expand their operations next year, buoyed by a strong economy and positive international trade prospects, according to the HSBC’s flagship Navigator report. The percentage is much higher than the global average of 79 percent and the Asian average of 77 percent. The study gauges sentiment and expectations of businesses in the near to mid-term future on topics, including business outlook, international trade, geopolitics, sustainability, technology and wellbeing. It is compiled from responses by decision-makers at 9,131 businesses – from small and mid-market to large corporations – across a broad range of industry sectors in 35 markets. The survey was conducted between August and September 2019. The report — Navigator: Now, next and how for business – surveyed 193 businesses in Bangladesh, shedding light on their investment priorities, decision-making drivers, and plans to implement change and growth expectations. Bolstered by fast–growing industries, nine in 10 Bangladeshi businesses believe international trade is a force for good that will drive innovation and improve efficiency.

Source: https://www.thedailystar.net/business/news/businesses-expect-robust-growth-next-year-1825984

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DSEX4,781.47581↑ 9.55919↑ 0.20
FTSE1007,328.54↓ 30.84↓0.42%
Nikkei 22523,369.21↑37.37 ↑0.16%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 56.81 ↓ 0.05↓ 0.09%
Crude Oil (Brent) $ 62.18↑ 0.00 ↑ 0.00%
Gold Spot$ 1,456.64 ↑0.78↑ 0.05%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.1330
GBP 1BDT 106.655
EUR 1BDT 91.6916
INR 1BDT 1.16491





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