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 03, 2024

Exports top $5b for fourth straight month

Bangladesh’s merchandise exports stayed above $5 billion for the fourth consecutive month in March, giving much-needed breathing space to an economy struggling to keep its head above water amid the persisting foreign exchange crisis. Exporters shipped goods worth $5.10 billion last month, an increase of 9.88 percent year-on-year. Exports stood at $5.30 billion in December, $5.72 billion in January and $5.18 billion in February and the healthy sales overseas came despite challenges on the global and local fronts. The shipment crossed the $5-billion milestone for the first time in January last year. Overall exports posted a 4.39 percent growth to $43.55 billion in the July-March period of the current financial year. Garment shipment rose 5.53 percent to $37.20 billion during the nine-month period of 2023-24 compared to a year ago. Of the sum, $21.01 billion came from knitwear sales, which grew 9.79 percent, and $16.19 billion from the woven sector, which was up 0.47 percent. According to the EPB, the shipment of agricultural products like tea and vegetables grew 5.6 percent to $715.84 million in July-March of FY24. Plastic goods exports increased 18.16 percent to $182.8 million. Cotton waste sales climbed 41.77 percent to $406.45 million, manmade filament export gained 12.98 percent to $246.29 million, and the shipment of specialised textiles rose 16.57 percent to $242.18 million. Non-leather footwear export was up 7.67 percent to $385.73 million.

Source: https://www.thedailystar.net/business/economy/news/exports-top-5b-fourth-straight-month-3580606

Bangladesh Economy to post subdued growth for at least three years

Bangladesh’s economy is projected to grow at less than 6 percent for three consecutive years, including the current fiscal year, said the World Bank yesterday, a pace that is slower than the average expansion recorded in the pre-pandemic decade. the economy would grow at 5.6 percent in 2023-24, lower than the South Asian average of 6 percent for 2024. Annual GDP growth averaged 6.6 percent in the decade before the pandemic struck the world in 2020. Slower growth is projected to persist in 2024-25, it said, forecasting a marginal increase to 5.7 percent, driven by a modest recovery in private consumption supported by a moderation in inflation. Once again, the forecast for Bangladesh would be lower than its projection of 6.1 percent for South Asia in 2025 though it would grow at the second-highest pace in the region.

Source: https://www.thedailystar.net/business/economy/news/economy-post-subdued-growth-least-three-years-3580671

BRAC Bank’s Astha app crosses Tk100b monthly transaction milestone

BRAC Bank’s mobile app, Astha, has achieved a record monthly transaction volume, manifesting the app’s popularity among customers as a day-to-day digital banking platform. The mobile app has crossed Tk 100 billion monthly transaction in March 2024, which is a record in Bangladesh banking industry for a single month app-based transaction. In this month, more than 2.38 lakh customers used the app making 21 lakh transactions. This transaction landmark came on the heels of two major milestone in 2023 – facilitating more than Tk 710 billion transaction and roping in 5 lakh customers.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/brac-banks-astha-app-crosses-tk100b-monthly-transaction-milestone-1712079411

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 39,170.24
↓ 396.61↓ 1.00 %
FTSE100$ 7,935.09↓ 17.53 ↓ 0.22 %
Nikkei 225$ 39,465.32↓ 373.59↓ 0.94 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 85.12↓ 0.03↓ 0.04 %
Crude Oil (Brent)$ 88.96 ↑ 0.04↑ 0.05 %
Gold Spot$ 2,282.59↑ 1.92↑ 0.08 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 110.0000
BDT 110.0000

*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