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

Click to Close

Rate last updated: 02/01/2014 11:15:04 AM

Daily Business News Flash April 18, 2022

7.5pc GDP growth target set for FY23

The government has set an ambitious economic growth target of 7.5 per cent for the next fiscal year although the country faces new headwinds owing to higher prices of commodities globally and is still recovering from the shocks of the coronavirus pandemic. It also maintained its previous projection of gross domestic product growth of 7.2 per cent for the current fiscal year, ending in June.The WB has projected that Bangladesh’s GDP would grow by 6.7 per cent in FY23, while the ADB expected the economy to expand by 7.1 per cent.When the budget for the current fiscal year was unveiled in June last year, the inflation goal was set at 5.3 per cent. It was later revised upwards to 5.7 per cent as prices went up for a combination of multiple factors. Inflation jumped to 6.17 per cent in February, the highest in 16 months, driven by soaring costs of foods.According to the government’s projection, the size of the economy would be $512 billion, or Tk 44,12,849 crore in FY23, while it was Tk 38,95,483 crore in FY22.

Source: https://www.thedailystar.net/business/economy/news/75pc-gdp-growth-target-set-fy23-3006791

More subsidies coming to tame inflation

The government is going to formulate the next budget with the intent to keep inflation at a tolerable level by increasing subsidy allocations without resorting to upward adjustments to the prices of gas, electricity, and fertilisers. The budget for the upcoming fiscal 2022-23 also aims at alleviating poverty by boosting domestic investment all the more and creating more jobs. Some Tk72,745 crore will be earmarked for subsidies and incentives in FY23, which is 54% higher than the original budget for the current fiscal year and 24% higher than the revised budget. The subsidies for LNG, electricity, and agriculture will stand at Tk46,300 crore. According to sources in the know about the development, the allocation for the agriculture ministry is going to go up by 43.35% from over Tk16,201 crore to a little more than Tk23,224 crore.

Source: https://www.tbsnews.net/economy/more-subsidies-coming-tame-inflation-404954

BTCL launches prepaid services for high speed internet, telephone

Bangladesh Telecommunications Company Limited (BTCL) launched prepaid services for its customers on Sunday to ensure high speed internet and telephone services, reports UNB. Posts and Telecommunications Minister Mustafa Jabbar inaugurated the services at BTCL’s Easkaton office. Managing director of BTCL Rafiqul Matin said the prepaid package including telephone and internet bundle packages and customers can get telephone package after recharging Tk 150 for 30 days. For internet package, the BTCL has introduced 11 packages from 5mbps to 100mbps ranging from Tk 500 to 4200.Customers of BTCL can apply for the prepaid service and choose their packages through BTCL portal http:mybtcl.btcl.gov.bd at home. Besides, customers will get unlimited talk time facility from BTCL to BTCL at Tk 100 for 30 days while for other operators the call rate will be Tk 48 paisa per minute.

Source: https://today.thefinancialexpress.com.bd/trade-market/btcl-launches-prepaid-services-for-high-speed-internet-telephone-1650214532

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,451.23
FTSE100$ 7,616.38↑35.58↑0.47 %
Nikkei 225$ 26,596.66↓496.53↓1.83%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 107.70↑0.75↑0.70%
Crude Oil (Brent)$ 112.63↑0.93↑0.83%
Gold Spot$ 1,984.47↑6.23↑0.31%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 86.2000
GBP 1BDT 112.5944
EUR 1BDT 93.1822

*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