$

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 July 06, 2023

Bangladesh’s merchandise export to UK hits $5b milestone

Bangladesh has achieved a significant milestone by surpassing the $5 billion-mark in exports to the United Kingdom, according to commerce ministry data. In the just concluded fiscal 2022-23, Bangladesh’s merchandise exports to the European country peaked at $5.3 billion, demonstrating substantial growth from $4.8 billion in the previous year and doubling the figures from a decade ago when it stood at $2.7 billion. Key export items contributing to this achievement include ready-made garments (RMG), frozen food, IT engineering, leather and jute goods, as well as bicycles. In terms of imports, Bangladesh’s trade with the UK amounted to $380 million during the first 11 months of FY23 till May. It was projected to reach around $450 million by the end of the fiscal year on 30 June, as stated by a senior official from the commerce ministry. Overall, Bangladesh’s exports recorded a year-on-year growth rate of 6.67%, totalling $55.55 billion in the last fiscal year, primarily driven by the performance of the apparel sector, according to data from the Export Promotion Bureau.

Source: https://www.tbsnews.net/economy/bangladeshs-merchandise-export-uk-hits-5bn-milestone-660646

Dhaka, Delhi set to launch trading in rupee on 11 July

Bangladesh and India are all set to start trading in rupee as the central banks of the two neighbours have made all the necessary arrangements to make this happen. According to the agreed trading mechanism, Bangladeshi exporters will now be able to get export proceeds in rupee from 11 July, and the equivalent amount will be used for import bill settlement.

Source: https://www.tbsnews.net/economy/dhaka-delhi-set-launch-trading-rupee-11-july-660354

Meridian Agro eyes leap in mango export

Defying the common notion that hilly areas are not suitable for commercial mango cultivation, Meridian Agro Industries has developed an orchard in Bandarban’s Lama upazila, which has been producing the succulent fruit in large volume and exporting it abroad. Meridian Agro produced 20 tonnes of mangoes in 2010, which increased to 120 tonnes in 2016. This year the company aims to produce around 180 tonnes of mangoes. Meridian officials said previously small businessmen bought mangoes from them and exported them. The company started exporting the produce in 2021. It sent about 600 kg of mangoes to Qatar and Saudi Arabia that year, and about 700 kg in 2022.

Source: https://www.tbsnews.net/economy/meridian-agro-eyes-leap-mango-export-660562

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,288.64
↓ 129.83↓ 0.38 %
FTSE100$ 7,442.10↓ 77.62↓ 1.03 %
Nikkei 225$ 32,643.75↓ 694.95↓ 2.08 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 71.67↓ 0.12↓ 0.17 %
Crude Oil (Brent)$ 76.37↓ 0.28↓ 0.37 %
Gold Spot$ 1,917.89↑ 2.59↑ 0.14 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
CurrencyLowestHighest
USD 1BDT 108.9000
BDT 108.9000

*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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