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 30, 2023

Bangladesh up 12 notches in WB logistics index

Bangladesh’s ranking in the World Bank’s Logistics Performance Index (LPI) 2023 has gone up by 12 places, a development that has given an indication that the country’s skills in trade and business have improved. According to the report, Bangladesh’s rank in the index of 139 countries has risen to 88 from 100 in 2018. Bangladesh managed a score of 2.6 on a 5-point scale, helping the country secure third place among five South Asian nations assessed by the World Bank. India secured the 38th position on the index while Sri Lanka was 72nd and Bhutan 100th. Afghanistan’s stood 139th, the last to come after all countries. The report presents the latest view on trade logistics performance across 139 countries. Logistics is understood as a network of services that support the physical movement of goods, trade across borders, and commerce within borders. Bangladesh deteriorated eight notches in infrastructure, which assesses the quality of trade and transport infrastructure, to 108th from 100th.

Source: https://www.thedailystar.net/business/economy/news/bangladesh-12-notches-wb-logistics-index-3305406

Country’s salt production hits 62-year high

The country’s crude salt production reached 18.39 lakh tonnes this year, which is the highest since its production started 62 years ago. With harvesting 10,930 tonnes of salt on 25 April, the production of the essential cooking ingredient has reached 18.39 lakh tonnes which is a 62-year high.  The country produced 18.32 lakh tonnes of crude salt last year. According to Bscic data, total salt cultivation has increased by 3,133 acres in the ongoing season from 63,291 acres last year while the number of salt farmers has reached 39,467, an increase of 2,236. As per the National Salt Policy-2022, Bscic is acting as the sponsor of the salt industry. From the year 1961, salt production started in a planned manner in the country.

Source: https://www.tbsnews.net/economy/countrys-salt-production-hits-62-year-high-622494

Pacific Jeans expanding to become a $1b exporter in 5 years

Pacific Jeans Group, a leading Bangladeshi apparel exporter, is currently investing $31.75 million to increase production and achieve its goal of reaching the $1 billion export mark within the next five years. As of 2022, the company exported garments worth $500 million and has set a target of earning $600 million by the end of this year. As part of the expansion plan, a new production facility of about 7.5 lakh square feet is being set up in the Chittagong Export Processing Zone (CEPZ), which is expected to go into production by September-October this year. Pacific Jeans Group has always focused on sustainability during any new investment plan, besides its plans to reduce carbon dioxide (CO2) emissions by 65% by 2030.

Source: https://www.tbsnews.net/economy/rmg/pacific-jeans-expanding-become-1b-exporter-5-years-622122

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
FTSE100$7,852.64↓38.49↓ 0.49%
Nikkei 225$28,352.90↓63.57↓0.22%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$74.45↑ 0.15↑ 0.20%
Crude Oil (Brent)$78.00↑ 0.31↑ 0.40%
Gold Spot$1,998.88↑9.84↑0.49 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 106.6800
BDT 106.6800

*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