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 05, 2022

Forex crisis spills over into call money market

The ongoing strain on Bangladesh’s foreign exchange regime has created cash shortages in the banking sector, sending the interbank call money rate to a 19-month high yesterday. The weighted average rate in the interbank call money market, where banks borrow from each other on an overnight basis, stood at 4.65 per cent yesterday in contrast to 3.52 per cent a month ago and 1.89 per cent a year prior. The previous peak was recorded in August 2020 when the rate stood at 4.7 per cent. This forced the Bangladesh Bank to inject a record $3.78 billion between July 1 and March 23 to keep the exchange rate of the taka against the dollar stable. This means banks have to spend more than Tk 32,500 crore to buy the dollars. One USD yields Tk 86.20 as per the current interbank rate. Between January and June, imports soared to $46.67 billion, up 46 per cent year-on-year. Exports increased 29 per cent to $27.97 billion.

Source: https://www.thedailystar.net/business/economy/news/forex-crisis-spills-over-call-money-market-2998226

March exports hit record $4.76b

Export receipts hit $4.76 billion in March, the highest ever on record in a single month, posting 55 per cent growth year-on-year as buoyancy remained in shipments of major manufactured goods such as garments, home textiles and leather footwear despite the Russia-Ukraine war’s effect on global trade. The previous record was of October 2021 when it reached $4.73 billion. With March, the total earnings from shipping goods abroad rose 33.4 per cent year-on-year to $38.6 billion in nine months since July of fiscal year 2021-22, providing much-needed support to the country’s foreign exchange reserves, which is under pressure amid ballooning imports. The foreign exchange reserve, which stood at $46 billion on December 29, 2021, stood at $44.25 billion on March 30, according to Bangladesh Bank.

Source: https://www.thedailystar.net/business/export/news/march-exports-hit-record-476b-2998216

Tax receipts jump 43pc in nine months

The government revenue earnings from Dhaka Stock Exchange (DSE) jumped 43 per cent in nine months of the current fiscal year compared to the same period last fiscal, powered by rising trading volume. The government bagged revenue worth Tk 3,256 million in nine months for July-March of the current fiscal year, as against Tk 2,274 million in the same period of the previous fiscal, showing a 43 per cent growth, the DSE statistics shows. Of the total earnings in July-March for the current fiscal, Tk 2,741 million came from the TREC holders’ commission, popularly known as brokerage commission, while Tk 515 million came from the share sales by sponsor-directors and placement holders, the DSE data shows. The DSE paid tax worth Tk 2.72 billion in FY2011-12, Tk 1.27 billion in FY2012-13, Tk 1.54 billion in FY2013-14, Tk 1.74 billion in FY2014-15, Tk 1.58 billion in FY2015-16, Tk 2.46 billion in FY2016-17, Tk 2.33 billion in FY2017-18 and Tk 2.51 billion in FY2018-2019 on TREC holders’ commission and share sales by sponsor-directors and placement holders.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/tax-receipts-jump-43pc-in-nine-months-1649093531

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,921.88
↑ 103.61↑ 0.30 %
FTSE100$ 7,558.92↑ 21.02↑ 0.28 %
Nikkei 225$ 27,708.30↓ 28.17↓ 0.10 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 104.79↑ 1.51↑ 1.46 %
Crude Oil (Brent)$ 109.12↑ 1.59↑ 1.48 %
Gold Spot$ 1,927.92↓ 4.81↓ 0.25 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 86.2000
GBP 1BDT 113.0599
EUR 1BDT 95.3113

*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