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

Daily Business News Flash April 02, 2023

Bangladesh may start trading with India using rupee soon

Bangladesh could soon start trading with India using rupee instead of US dollar, trial for which has been done by Bangladesh Bank recently, reports UNB. The ministry of commerce has placed a written recommendation at the last cabinet meeting regarding the possibility and opportunity of using rupee instead of dollar. Currently Bangladesh exports goods to India worth around $ 2.0 billion. “The use of rupee will start with Bangladesh’s $2 billion trade with India. Bangladesh Bank has almost finished all kinds of trials in this regard. Trading in rupee will be introduced in both countries only after bilateral decision on some issues,” an executive director of Bangladesh Bank told UNB. Wishing anonymity, he said that banking systems in India and Bangladesh have to sign separate agreements on using rupee. Meanwhile, India-Bangladesh Chamber of Commerce and Industry (IBCCI) has submitted the total trade account to the central bank in the form of a proposal. This initiative is being taken to overcome the existing dollar crisis, sources said. Bangladesh Bank spokesperson Md Mezbaul Haque said that India-Bangladesh trade, using rupee instead of US dollar, is still in the experimental stage. Some issues still need to be settled.

Source: https://thefinancialexpress.com.bd/economy/bangladesh/bangladesh-may-start-trading-with-india-using-rupee-soon

Bangladesh seeks EU support for sustainable economic growth

The support and cooperation of the European Union would remain vital for Bangladesh in its pursuance of sustained economic growth in the post-LDC era.  The EU is an indispensable trade and development partner of Bangladesh, and its trade preference under GSP scheme helped Bangladesh to secure big export share in the EU countries, which has contributed a lot in achieving the threshold requirement for LDC graduation. The continued trade preferences under the EU’s GSP would contribute to making the LDC graduation smooth and sustainable, reports BSS citing a press release. A delegation led by Mohammad Tofazzel Hossain Miah, Principal Secretary to the Prime Minister of Bangladesh, made the observations during a meeting with Helena K”nig, Deputy Secretary General for Economic and Global Issues, European External Action Service (EEAS) and Monika Bylaite, Deputy Head of Delegation, South Asia, EEAS, in Brussels on Thursday. Other members of the delegation were Commerce Ministry Senior Secretary Tapan Kanti Ghosh, Bangladesh Ambassador to Belgium Mahbub Hassan Saleh, Deputy Head of Mission Preeti Rahman, BGMEA President Faruque Hassan, former President of MCCI Nihad Kabir, and Commercial Counsellor Md. Saiful Azam.

Source: https://thefinancialexpress.com.bd/economy/bangladesh/bangladesh-seeks-eu-support-for-sustainable-economic-growth

Wahida joins Agrani Bank as DMD

Wahida Begum joined Agrani Bank Limited as deputy managing director on March 28, said a press release. She was appointed to Agrani Bank through a notification released by Financial Institutions Division of the finance ministry on March 27. Wahida started her career by joining Rupali Bank Limited as a senior officer in 1998. She performed her role as general manager, zonal manager, head of department, chief executive officer of Rupali Securities Limited at different stages of her career. Prior to her current appointment, she served Ansar-VDP Unnayan Bank as managing director, said the press release. 

Source: https://www.newagebd.net/article/198163/wahida-joins-agrani-bank-as-dmd

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
FTSE100$7,631.74 ↑11.31↑0.15%
Nikkei 225$28,041.48↑258.55↑0.93%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$75.67↑1.30↑1.75%
Crude Oil (Brent)$79.89↑1.29↑1.64%
Gold Spot$1,969.28↓11.09↓0.56%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 105.0000
BDT 107.0000

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

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




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