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 18, 2023

Dhaka, Delhi close to start trading in taka, rupee

Bangladesh and India have agreed to settle a part of bilateral trade transactions in their own currencies to ease pressure on dollar holdings. To facilitate the cross-country transactions, Sonali Bank and Eastern Bank will open accounts in two Indian lenders – State Bank of India and ICICI Bank. The two Indian banks will also open similar accounts in the two Bangladeshi banks. Opening of these accounts – known as vostro and nostro accounts in global accounting – will require approval of respective central banks, officials of the Bangladesh Bank and relevant commercial banks said on Monday. Exports from Bangladesh to India are worth about $2 billion, transactions of which will be completed in rupees and takas. On the other hand, Bangladesh’s import from India in last fiscal year was about $13.69 billion, of which $2 billion, an equal trade value, will be traded in rupees, while the rest will be paid in US dollars as always.

Source: https://www.tbsnews.net/economy/dhaka-delhi-close-start-trading-taka-rupee-618338

Govt releases Tk 10 billion incentives for knitwear sector

The Ministry of Finance has released cash incentives of Tk 10 billion (1,000 crore) for the export-oriented knitwear sector. The ministry took the decision 11 days after receiving an application from Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) for financial support for payment of salary and Eid bonus ahead of Eid-ul-Fitr. The request for cash assistance was made to the government on March 30 in a letter signed by the BKMEA President AKM Salim Osman.

Source: https://today.thefinancialexpress.com.bd/trade-market/govt-releases-tk-10-billion-incentives-for-knitwear-sector-1681752939

Banks turning away from capital market, with investments far below limit set

As many as 32 scheduled banks have the scope of investing around Tk 37 billion more in total into the capital market, keeping their exposure to listed securities within the permissible limit on solo basis. At present, the lenders have a little over Tk 136 billion invested in equity and debt-backed securities, according to the Bangladesh Securities and Exchange Commission (BSEC). The regulator compiled the data as, BSEC Executive Director Mohammad Rezaul Karim said, it seeks to increase participation of institutional investors in the capital market that has been suffering from an acute liquidity crisis. It sent a letter last week to the 32 banks, requesting them to help stabilise the market through fresh investments. Banks can invest up to 25 per cent of their capital in listed securities on a solo basis and 50 per cent on a consolidated basis, according to the Bank Companies Act.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/banks-turning-away-from-capital-market-with-investments-far-below-limit-set-1681753160

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,987.18
↑ 100.71↑ 0.30 %
FTSE100$ 7,879.51↑ 7.60↑0.10 %
Nikkei 225$ 28,675.32↑ 160.54↑ 0.56 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 81.16↑ 0.33↑ 0.41 %
Crude Oil (Brent)$ 85.12↑ 0.36↑ 0.42 %
Gold Spot$ 2,000.15↑ 4.96↑ 0.25 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 107.0000
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