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 19, 2019

Bangladesh leads world in Green RMG Production

Bangladesh is now home to the highest number of platinum rated garment factories in the world, which portrays the country’s strong footing in green production. Twenty-five Bangladeshi factories have achieved the highest certificate provided by the US Green Building Council [USGBC], a Washington-based non-profit organization that promotes sustainability in building design, construction and operation. Six out of the top 10 LEED [Leadership in Energy and Environmental Design] certified factories worldwide are located in Bangladesh, according to Mr.Faisal Samad, vice-president of the Bangladesh Garment Manufacturers and Exporters Association [BGMEA]. Currently, the total number of LEED certified green garment factories in Bangladesh is 91, which is also the highest in the world.

Source: https://www.thedailystar.net/business/news/bangladesh-leads-world-green-rmg-production-1802119

SBC posts 10pc Net Profit

The lone state-owned non-life insurer Sadharan Bima Corporation [SBC] fetched an approximately 10-per cent net profit after tax in the 2018 calendar year. The healthy profit is attributable to premium earnings from the government’s mega development projects. SBC earned a net profit to the tune of Tk 2.33 billion in the year under review against Tk 2.12 billion in 2017, according to an audited financial statement. On the other hand, the profit before tax was Tk 3.25 billion in 2018 compared to Tk 3.02 in 2017. SBP wants to launch hospitalization scheme for government employees and crop insurance for farmers. SBC recently contributed Tk 500 million to the national exchequer for the year that ended in December 2018. SBC has a strong financial base having more than 20-per cent stake in the country’s total non-life insurance market. The company is entitled to 50 per cent of the public-sector business in Bangladesh.

Source: http://today.thefinancialexpress.com.bd/trade-market/sbc-posts-10pc-net-profit-1568827976

BD Products pull crowd at Paris

Bangladeshi products are drawing the attention of the visitors at the ‘Texworld Paris’, being held in the French capital from September 16 to 19 according to reports BSS. A total of 16 Bangladeshi apparel, fabric and leather garment manufacturers are taking part in the four-day tradeshow, according to a press release in Dhaka on Wednesday. The Bangladeshi business firms are Evince Textile, Momtex Expo, Regent Textile, Zaber and Zubair Fabrics, Argon Denims, Chittagong Denim Mills, NZ Denim, Ayesha and Galeya Fashions, Fahim Apparels, Fashion group or S&S Swimwear Limited, GMS Composite Knitting Industries Limited or Elham Sourcing, JM Knitwear, Pakiza Knit Composite Limited, Pacific Export & Euro Fashion Mart, Synergies Sourcing and Toads Printing. The fair is displaying a global range of fashion products from the major manufacturing countries, including Bangladesh, India, China, Cambodia, South Korea, Indonesia, Sri Lanka, Taiwan, Thailand, Turkey and Pakistan.

Source: http://today.thefinancialexpress.com.bd/trade-market/bd-products-pull-crowd-at-paris-1568828018

Young Business Leader Mujib among 10 UN SDG Pioneers

The United Nations Global Compact has announced 10 new SDG Pioneers – young business leaders including one from Bangladesh who are doing an exceptional job to advance the Sustainable Development Goals [SDGs]. The young business leader selected from Bangladesh is Mashook Mujib Chowdhury, Sustainability Manager of DBL Group, according to UNB. The 2019 SDG Pioneers will participate in the ‘UN Global Compact Leaders Week’ to be organized on the sidelines of the 74th session of the United Nations General Assembly [UNGA] on Sept 23-26 at the UN Headquarters in New York, USA. Prime Minister Sheikh Hasina will attend the 74th UNGA. The 2019 search for SDG Pioneers focused on professionals aged 35 and under, working at any level in a company participating in the UN Global Compact, according to UN Information Centre in Dhaka. The SDG Pioneers were judged by an expert panel comprised of representatives of Government, business and civil society.

Source: http://today.thefinancialexpress.com.bd/trade-market/young-business-leader-mujib-among-10-un-sdg-pioneers-1568828035

CIP status for 182 Exporters, Businesspeople

The government yesterday bestowed the Commercially Important Person [CIP] status on 182 exporters and businesspeople in recognition of their stellar contribution to exports and trade for 2017.Of the recipients, 136 were given the cards in export category and 46 in trade category. The CIP cards given under the trade category are for the president, vice-presidents and directors of the country’s apex trade body, the Federation of Bangladesh Chambers of Commerce and Industry [FBCCI]. The awardees represent diverse sectors such as jute and jute goods, garment and textiles, leather and leather goods, fruits and vegetables, frozen fish, sea foods, processed and agricultural foods, software and IT services, home textile, tea, engineering products, ships and yarn. Bangladesh started its journey as a garment manufacturing nation in the late 1970s and now is the second largest apparel exporter worldwide. After independence, Bangladesh exported eight million kilograms of tea, out of a total production of 10 million kgs. However, last year the country produced 85 million kgs of tea and all of them were consumed locally. Besides, the country had to import a handsome quantity of tea to meet the local demand.

Source: https://www.thedailystar.net/business/news/cip-status-182-exporters-businesspeople-1802122

Mercantile Bank to open Islamic Window

The Board of Directors of Mercantile Bank Limited has approved a proposal to establish an Islamic Banking Window. The decision was taken at a meeting of board of directors of the Mercantile Bank held on Tuesday, according to an official disclosure on Wednesday. The board of directors of Mercantile Bank has approved to initiate required course of activity for establishing Islamic Banking Window side by side with the conventional banking of the Bank. The establishment of Islamic Banking Window, also known as Shariah-based banking system, is subject to the approval of regulatory authority and also the shareholders of the Bank in Extraordinary General Meeting [EGM]. The bank’s consolidated Earnings Per Share [EPS] stood at Tk 1.16 for April-June 2019 as against Tk 0.88 for April-June 2018. In six months for January-June 2019, its consolidated EPS was Tk 1.79 as against Tk 1.69 for January-June 2018.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/mercantile-bank-to-open-islamic-window-1568827374

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DSEX4888.01587↓40.97↓ 0.83
FTSE1007,314.05 ↓ 6.35 ↓0.09%
Nikkei 225 22,183.53 ↓222.82↓1.01%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 58.23 ↑ 0.12↑ 0.21%
Crude Oil (Brent)$ 63.70 ↑ 0.10 ↑ 0.16%
Gold Spot $ 1,495.04 ↑ 1.04 ↑ 0.07%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 82.7957
GBP 1BDT 103.299
EUR 1BDT 91.5040
INR 1BDT 1.16157





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