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 October 14, 2019

Citi Bank holds Innovation Day

Bangladesh has recently organized an event titled ‘Citi Innovation Day 2019’. The event underlined innovation as the key problem solving tool for many day-to-day complex banking matters businesses face in Bangladesh. Attended by over 40 guests including clients, regulators, partners and key stakeholders, the event delivered differentiated content. The event demonstrated the use of the latest technologies in building Citi’s products and solutions for clients across the world as well as in Bangladesh. Citi, a leading Global Bank, has been pioneering many digital innovations in Bangladesh and has been recognized as the Best Corporate/Institutional Digital Bank in Bangladesh for the 12th consecutive year by Global Finance. Bangladesh, spoke about the key components to enable the country’s ease of doing business and highlighted Citi’s role in introducing innovative solutions in the financial sector, according to Mr. Md. Moinul Huq, Head of Treasury and Trade solutions, Citi Bank. Apart from discussing disruptive technologies and Citi’s proactive solutions, the event included an interactive workshop on the use of design thinking tools in solving complex problems. The workshop also engaged clients to solve specific real life problems relevant to their businesses.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/citi-holds-innovation-day-1570987677

Padma Bank ranks 28th in Remittance collection

Padma Bank, a fourth generation PCB has stood 28th among the 57 remittance receiving Banks in the country, according to a recent Central Bank ranking. The Bangladesh Bank has prepared the list based on the amount of remittances that the Local Banks received in September this year. Padma Bank has topped the list among the fourth generation Banks after it signed an array of foreign exchange agreements with well-known companies and exchange houses in the world, according to a statement. The Bank after the re-launching of remittance business in August ’19 has already signed 8 remittance deals with renowned companies and exchange houses across the world. Nine more deals are under the process and would be signed with the next few weeks, according to the Bank statement. All 57 branches of the Bank has also initiated awareness raising programmes to promote these remittance saving schemes. These schemes have revolutionized remittance collection from abroad by helping tens of thousands of Bangladesh migrants to open accounts easily and without hassles.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/padma-bank-ranks-28th-in-remittance-collection-1570987842

Bangladesh second in South Asia in GDP Growth: WB

The Bangladesh economy is forecast to achieve the second highest growth rate this fiscal year in South Asia, according to the World Bank in its biennial regional economic update yesterday. Bangladesh’s gross domestic product is projected to grow at 7.2 percent this fiscal year and 7.3 percent the following year, according to the latest edition of the ‘South Asia Economic Focus, Making [De]centralization Work’, Bhutan topped the list with an estimated 7.4 percent growth this fiscal year. The outlook is clouded by rising financial sector vulnerability, but the economy is likely to maintain growth above 7 percent, supported by a robust macroeconomic framework, political stability and strong public investments. The WB forecast is much lower than the government’s target of 8.2 percent for the current fiscal year. The GDP is estimated to have grown 8.1 percent in the fiscal year that ended in June, in the highest expansion in the region. Pakistan’s growth is projected to deteriorate further to 2.4 percent this fiscal year. In Sri Lanka, growth is expected to soften to 2.7 percent in 2019. In the Maldives, growth is expected to reach 5.2 percent in 2019 while it is projected to average 6.5 percent in Nepal over this and the next fiscal year. Afghanistan is expected to recover and reach 3 percent in 2020 and 3.5 percent in 2021.

Source: https://www.thedailystar.net/business/news/bangladesh-second-south-asia-gdp-growth-wb-1813420

SIBL signs MoU with UCEP Bangladesh

Social Islami Bank Limited [SIBL] and UCEP Bangladesh have taken a project named “UCEP-SIBL Skills Training Project” for providing Skill Development Training to the underprivileged youth of the society, according to a statement. The Bank signed a MoU with UCEP Bangladesh in this regard at the head office of the Bank on Sunday. Under this project, SIBL will provide financial support and UCEP will provide all technical and logistic supports. Initially the training programme will be started in Dhaka and Chattogram and gradually it will be extended other divisions of the country. The participants will also get job placement opportunity.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/sibl-signs-mou-with-ucep-bangladesh-1570987763

ONE Bank signs deal with Secret Recipe

ONE Bank Limited signed an agreement with Secret Recipe, Malaysian largest café chain in Bangladesh and its master franchisee Pepperoni Ltd recently. Md. Kamruzzaman, Head of Retail Banking of OBL and K.S.M Mohith-Ul Bari, Head of Business, Pepperoni Ltd, signed the agreement. OBL Employee and Platinum Credit Card holders will enjoy 12 per cent discount and all other OBL Credit, debit and prepaid card holders will enjoy 10 per cent discount on all food items.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/mncs-not-spared-from-bearish-onslaught-1570893389

Project put on ice as Chinese fund gets uncertain

The implementation of the Cox’s Bazar marine drive expressway project, for which China pledged fund, has apparently been put on a back burner. Previously, the government had scrapped a deal with the China Harbour Engineering Company Ltd for the US$2.0 billion project. Another Chinese company has recently shown interest, but no Expression of Interest will be submitted before the feasibility study of the project is completed. The roads and bridges ministry has started to conduct the study of late and after that it will decide on the implementation. In September 2016, the cabinet committee on economic affairs approved the project under direct purchase method. China committed to finance the project during the visit of President Xi Jinping in 2016. Later, the Roads and Highways Department prepared the project paper. The project titled “Construction of the marine drive expressway and coastal protection work from Sitakunda-Chittagong-Cox’s Bazar” will be implemented under preferential export buyers’ credit offered by China if it would be evaluated as feasible.

Source: http://today.thefinancialexpress.com.bd/trade-market/project-put-on-ice-as-chinese-fund-gets-uncertain-1570988399

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DSEX4761.87908↓ 48.34↓ 1.00
↑ 319.92 ↑ 1.21%
FTSE1007,247.08↑ 60.72↑ 0.84%
Nikkei 22521,798.87 ↑ 246.89 ↑ 1.15%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 54.41 ↓ 0.29 ↓ 0.53%
Crude Oil (Brent)$ 60.24 ↓ 0.27 ↓ 0.45%
Gold Spot$ 1,486.79 ↓ 2.22 ↓ 0.15%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.0573
GBP 1BDT 104.984
EUR 1BDT 91.6442
INR 1BDT 1.17264





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