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 10, 2023

Apparel export to US sees 6.31% growth in July

Ready-made garments (RMG) export to the US, the largest export destination for Bangladesh has increased by 6.31% in July of 2023-24 fiscal year to $729.03 million from $685.77 million in July of 2022-23 fiscal, As per the statistics of Export Promotion Bureau (EPB). During the first month of fiscal year 2023-24, clothing export to the EU market also grew by 17.40% to $1.95 billion from $1.66 billion in the same period of last fiscal year. During the mentioned period, export to some major markets in EU region such as Spain, France, Italy, Netherland and Poland grew by 36.35%, 22.71%, 36.75%, 23.03% and 18.07% respectively. During July of FY 2023, export to the UK and Canada reached $475.54 million and $128.89 million, with 29.78% and 14.78% year-on-year growth respectively. At the same time, apparel export to the non-traditional markets also increased by 23.75% and reached $674.82 million. Among the major non-traditional markets, export to Japan, Australia, India and South Korea increased by 49.99%, 55.73%, 2.60% and 19.59% respectively.

Source: https://www.tbsnews.net/economy/rmg/apparel-export-us-sees-631-growth-july-679870

Govt to build tech park in Dhaka

The ICT Division is building a technology park in the capital’s Karwan Bazar for Tk 160 crore as it looks to install business incubation centres at universities and collaborate with industry and academia with the infrastructure. Spanning over an area of 0.47 acres, the park is the result of a collaborative financial partnership between the Bangladesh government and the World Bank under the Digital Entrepreneurship and Innovation Ecosystem Development Project of the ICT Division. The modern building with green technology will be a nine-story infrastructure, including four basements, covering around 170,000 square feet. The Vision-2041 Smart Tower Software Technology Park will also establish four software technology parks that provide startup facilities, create four labs for common usage, manage innovation programmes within software parks, and ensure skilled personnel for future innovation-related activities.

Source: https://www.thedailystar.net/business/economy/news/govt-build-tech-park-dhaka-3390591

 Fakir Knitwears to invest $46m in Bangabandhu Sheikh Nagar

One of the leading garment exporters in the country Fakir Knitwears Limited will invest $45.82 million to build a knit composite factory in Bangabandhu Sheikh Mujib Shilpa Nagar. To this end, the company signed an agreement with the Bangladesh Economic Zone Authority (Beza) to acquire a 15-acre land in the country’s largest industrial enclave. The company has been contributing to the garment industry, logistics, and agro-farm sectors since 1936. Another 15 industrial companies have started setting up factories which will start production in phases from September 2023. About 8 lakh employment opportunities will be created in this industrial city.

Source: https://www.tbsnews.net/economy/fakir-knitwears-invest-46m-bangabandhu-sheikh-nagar-679866

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 35,123.36
↓ 191.13↓ 0.54 %
FTSE100$ 7,587.30↑ 59.88↑ 0.80 %
Nikkei 225$ 32,398.47↑ 194.14↑ 0.60 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 84.33↓ 0.07↓ 0.08 %
Crude Oil (Brent)$ 87.44↓ 0.11↓ 0.13 %
Gold Spot$ 1,918.60↑ 4.14↑ 0.22 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 109.5000
BDT 109.5000

*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