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 September 04, 2019

Inflation edges down in August

Inflation declined 13 basis points to 5.49 percent in August, helped by the downward movement of both food and non-food prices. Last month’s rate also bucked the rising trend as inflation had risen 10 basis points to 5.62 percent in the first month of the current fiscal year. Planning Minister MA Mannan released the monthly consumer price index report of the Bangladesh Bureau of Statistics at National Economic Council in Dhaka yesterday. He said that it was happy news that inflation did not go up in August. Food inflation edged down 15 basis points from 5.62 percent in July to 5.49 percent last month while non-food inflation came down to 5.82 percent, down 12 basis points from 5.94 percent a month ago. The government has targeted a 5.5 percent inflation rate in the current fiscal year. It was able to contain it at 5.48 percent last fiscal year, comfortably below the target of 5.6 percent.

Source: https://www.thedailystar.net/business/news/inflation-edges-down-august-1795228

BTRC starts work on 5G Guideline

Bangladesh is homing in on a 2022 roll-out of the Fifth Generation [5G] cellular network technology, with the telecom regulator now working on a guideline for the next generation of mobile internet connectivity that comes with super-fast speeds. With 5G, mobile users can expect average download speeds of at least 1 Gigabits per second, in contrast to 7.5 Megabits per second under 4G. A national committee—led by the Bangladesh Telecommunication Regulatory Commission’s spectrum management commissioner Md Aminul Hassan—yesterday convened to discuss issues that the guideline needs to address. 5G networks are already starting to appear and are expected to launch across the world by 2020. The Bangladesh government has initially targeted to launch 5G service by the end of 2022 or early 2023. But leading mobile phone operators said that the market ecosystem is not ready yet to reap the full benefits of 4G, let alone the next generation 5G.

Source: https://www.thedailystar.net/business/5g-mobile-internet-service-guideline-btrc-starts-work-1795237

FDI for Sustainable Economic Development: ICCB

Foreign Direct Investment [FDI] has an important role to play in helping to achieve the United Nations [UN] Agenda, Sustainable Development Goals [SDGs] by 2030, observed International Chamber of Commerce-Bangladesh [ICCB] at its current news bulletin [April-June 2019]. FDI has for long been the most viable method of wealth and technological transfer between the developing and the developed countries of the world,” as per the bulletin released here on Tuesday. FDI is considered to be the most powerful international mechanism for mobilizing tangible and intangible assets that are essential for growth and development. Global flow of FDI continued their slide in 2018, falling by 13 per cent to US$ 1.3 trillion. The decline – the third consecutive year’s fall in FDI – has been mainly due to large-scale repatriations of accumulated foreign earnings by United States Multinational Enterprises [MNEs] in the first two quarters of 2018, following tax reforms introduced by Trump administration at the end of 2017.

Source: http://today.thefinancialexpress.com.bd/trade-market/fdi-for-sustainable-economic-development-iccb-1567531497

BEZA to launch OSS Centre by end of September

The Bangladesh Economic Zones Authority [BEZA] is set to launch its ‘One Stop Service [OSS] Centre’ by the end of this month [September] to provide all the necessary services to the investors of the economic zones in a single window. Under the OSS center investors in the economic zones will get all sorts of services in a single window to start their business within a short time. BEZA has selected a total of 107 services under OSS center. Out of the services, BEZA is providing 52 services directly while the other 55 are being provided through the assistance of different ministries or departments. The BEZA chief law officer hoped that BEZA’s all 52 services will be available online within June, 2020.

Source: https://www.thedailystar.net/business/news/remittance-climbs-cash-incentive-1794730

ADN Telecom to issue Shares under Book Building

The securities regulator has allowed ADN Telecom to issue shares to Eligible Investors [EIs] and general public under the book building method. The regulatory consent came Tuesday at a meeting held at the office of the Bangladesh Securities and Exchange Commission [BSEC]. As per the BSEC approval, the company will issue over 11.87 million shares to EIs at a price of Tk 30 each, the cut off price. Over 7.91 million shares will be issued to general investors at a price of Tk 27 each. The company will utilize the IPO [initial public offering] fund worth Tk 570 million to develop infrastructure, establish data center, repay bank loans and bear the IPO expenses. As per the financial statement for the year ended on June 30, 2017 the net asset value [NAV] per share is Tk 16.13. The basic EPS [earnings per share] and adjusted EPS are Tk 2.52 and Tk 2.36 respectively. The weighted average EPS stood at Tk 1.81.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/adn-telecom-to-issue-shares-under-book-building-1567529338

Massive Policy reforms to attract Foreign Investors

Bangladesh needs massive policy reforms and more business-friendly rules and regulations to attract more foreign investors, according to Mr. Kazi M Aminul Islam, the outgoing executive chairman of Bangladesh Investment Development Authority [Bida]. Reforms and change in rules and policies should continue as per requirement. Bida has been working for the last three years to create a business-friendly environment. The country’s ranking will move into double-digit from last year’s 176th out of 190 countries in the World Bank’s Ease of Doing Business index, on the back of the Bida’s reform plan. Bida has prepared 88 reform proposals related to the ease of doing business. During the three-year period, the Bida allowed 937 foreign companies to open offices in Bangladesh and issued 8,319 work permits. Globally renowned investors such as Mitsubishi Motors, Suzuki, Toyota, Honda, Sumitomo, Reliance, Adani, Hitachi and JTI have either invested in the country or are set to invest. Foreign investors are giving priority to telecom, banking, power, energy, food processing, trading and agriculture sectors for their investment.

Source: https://www.thedailystar.net/business/news/massive-policy-reforms-must-attract-foreign-investors-1795231

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
FTSE1007,268.19 ↓13.75 ↓0.19%
Nikkei 225 20,634.48↑14.29↑0.07%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 54.16 ↑ 0.22 ↑ 0.41%
Crude Oil (Brent)$ 58.44↑ 0.18↑ 0.31%
Gold Spot$ 1,544.25 ↓ 2.85↓ 0.18%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 82.8735
GBP 1BDT 99.8450
EUR 1BDT 90.7648
INR 1BDT 1.14669





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