$

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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Daily Business News Flash June 6, 2023

Inflation hits decade-high at 9.94% in May

Bangladesh continues to experience a sharp rally in inflation despite a decline in global commodity prices, primarily due to supply-side constraints. According to the latest report from the Bangladesh Bureau of Statistics (BBS) on Monday, the monthly inflation rate in May soared to a decade-high of 9.94%, up from 9.24% in the previous month, as both rural and urban people are paying higher prices for food and non-food items. The surge in the inflation is higher than the 7.32% growth in wages in May, the statistical agency also revealed, indicating the hardship for fixed income earners. While the inflation keeps surging, the new budget sets average annual inflation target at 6% for the next fiscal year, though economists have pointed out that the budget lacks measures to tame inflation.

Source: https://www.tbsnews.net/economy/inflation-reaches-994-may-highest-over-decade-bbs-644334

7.2% of women in Bangladesh use mobile banking thru their own accounts

Around 7.2% of women in the country are using their own accounts in Mobile Financial Services (MFS) with 20% receiving services directly and indirectly from Self Financing Schemes (SFS), according to World Bank and GSMA 2022 data. At the same time, women are not connected to 57.8% of SFS services, according to the Bangladesh Institute of Development Studies (BIDS) and Asian Development Bank (ADB) 2021 data. The Innovation and Development Associates (IDEA) Foundation is an association of socio-economic development associates in Bangladesh engaged in independent research, policy analysis, advocacy, consultancy and project implementation.

Source: https://www.tbsnews.net/economy/banking/72-women-bangladesh-use-mobile-banking-thru-their-own-accounts-644014

MetLife Bangladesh and Dhaka Bank have announced agreement

MetLife Bangladesh and Dhaka Bank Limited have announced a first-of-its-kind agreement in the financial sector to provide exclusive benefits to the agents (field forces) of MetLife on a range of Dhaka Bank’s retail banking products. As a result, MetLife agents (field forces) will be able to avail special offers on savings accounts, credit cards, personal loans, and home loans from Dhaka Bank. These benefits are exclusively designed to support the financial stability and growth of the MetLife Bangladesh agents. The agreement was recently signed by Ala Uddin, Deputy Managing Director & Chief Financial Officer, MetLife Bangladesh, and Md Mostaque Ahmed, Deputy Managing Director & Chief Emerging Market Officer of Dhaka Bank, at the Head Office of Dhaka Bank recently.

Source: https://today.thefinancialexpress.com.bd/trade-market/metlife-bangladesh-and-dhaka-bank-1685986297

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,562.86
↓ 199.90↓ 0.59 %
FTSE100$ 7,599.99↓ 7.29↓ 0.10 %
Nikkei 225$ 32,356.19↑ 138.76↑ 0.43 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 71.82↓ 0.33↓ 0.46 %
Crude Oil (Brent)$ 76.46 ↓ 0.25↓ 0.33 %
Gold Spot$ 1,959.49↓ 2.37↓ 0.12 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
CurrencyLowestHighest
USD 1BDT 107.7500
BDT 107.8000

*World Commodities & Local and Global Stock Indices data are taken from bloomberg.com<

* Exchange Rates are taken from BB website, as on latest update.<

AN IMPORTANT MESSAGE FROM

EMRANUL HUQ

MANAGING DIRECTOR & CEO OF DHAKA BANK LIMITED

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.

YOUR SAFETY MEANS EVERYTHING TO US
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.

WE WILL TAKE CARE OF YOUR BANKING NEEDS
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.

GET IN TOUCH IF YOU ARE IN EXTREME EMERGENCY
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.

WE WILL FREQUENTLY UPDATE YOU
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

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