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 August 03, 2022

Export earnings grow 15% in first month of new fiscal year

Bangladesh’s export earnings saw around 15% growth, rising to $3.98 billion in the first month of the new fiscal year. Of the export earnings, RMG shipments earned over $3.36 billion, registering a 16.61% growth year-on-year, according to data released by the Export Promotion Bureau (EPB) on Tuesday. Export receipts surpassed the $3.92 billion target set for the month. Export has been 14.72% higher than the $3.47 billion of July last year. Of the receipts, more than $1,854 million came from knitwear shipments, while woven items fetched around $1,512 million. According to the Bangladesh Bank data, the country’s trade deficit hit a historic high of $33.25 billion in the fiscal 2021-22 due to a surge in imports and commodity price hikes in the global market. The trade deficit in FY21 stood at $23.78 billion. Between July and June last fiscal year, imports increased to $82.50 billion, up 35.95% year-on-year when exports grew 33.45% to $49.25 billion. The current account deficit also surpassed $18.50 billion during the time.

Source: https://www.tbsnews.net/economy/export-earnings-grow-15-first-month-new-fiscal-year-470210

Dollar price for LC settlement rising despite fall in kerb market

The price of dollar for import payments against letters of credit has been on the rise despite a fall in the kerb market. On Tuesday, banks charged importers up to Tk107 for a dollar, which was Tk105 last week, while the interbank exchange rate has been constant at Tk94.70 for the last eight days. The greenback fell to Tk107 in the kerb market on Tuesday from a record  high of Tk112 on 26 July, thanks to the ongoing central bank’s raids and other regulatory measures. According to the latest data, the central bank sold dollars to commercial banks at the rate of Tk94.70. At the beginning of May, it was just TK86.45.

Source: https://www.tbsnews.net/economy/dollar-price-lc-settlement-rising-despite-fall-kerb-market-470226

Action plan unveiled for impact investment

The National Advisory Board (NAB), a committee that guides impact investment in Bangladesh, has unveiled a strategic action plan to attract local and global investment, particularly from the private sector, to help fund sustainable development in the country. Planning Minister MA Mannan and BIDA Executive Chairman Md Sirazul Islam jointly unveiled the plan, styled “Bangladesh Impact Investment Strategy and Action Plan (BIISAP)” at the Bangladesh Investment Development Authority (BIDA). The strategic plan will help attract more investment opportunities to minimise the financial gaps for fulfilling the sustainable development goals (SDGs) of Bangladesh. The central bank has already declared Tk 1,000 crore for one of the funds aimed at helping start-ups expand and flourish in a bid to encourage youth entrepreneurs.

Source: https://www.thedailystar.net/business/economy/industries/investments/news/action-plan-unveiled-impact-investment-3086486

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 32,396.17
↓ 402.23↓ 1.23 %
FTSE100$ 7,409.11↓ 4.31↓ 0.06 %
Nikkei 225$ 27,736.59↑ 141.86↑ 0.51 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 94.08↓ 0.34↓ 0.36 %
Crude Oil (Brent)$ 100.14↓ 0.40↓ 0.40 %
Gold Spot$ 1,769.83↑ 9.44↑ 0.54 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 94.7000
GBP 1BDT 116.0264
EUR 1BDT 97.2096

*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