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 14, 2022

Oil price falls 2pc

Oil prices plunged around 2 per cent on Friday, on expectations that supply disruptions in the US Gulf of Mexico would be short-term, while recession fears clouded the demand outlook. Brent crude futures fell $1.45, or 1.5 per cent, to settle at $98.15 a barrel, while US West Texas Intermediate (WTI) crude fell $2.25, or 2.4 per cent, to settle at $92.09 a barrel. Both contracts gained more than 2 per cent on Thursday. Brent gained 3.4 per cent this week after last week’s 14 per cent tumble on fears that rising inflation and interest rates will hit economic growth and demand for fuel. WTI rose 3.5 per cent. On Thursday OPEC cut its forecast for growth in world oil demand in 2022 by 260,000 barrels per day (bpd). It now expects demand to rise by 3.1 million bpd this year. The IEA also raised its outlook for Russian oil supply by 500,000 bpd for the second half of 2022 but said Opec would struggle to boost production. US oil rigs rose three to 601 this week, energy services firm Baker Hughes Co said.

Source: https://www.thedailystar.net/business/global-economy/news/oil-price-falls-2pc-3094426

Credit card spending soars with increasing living costs: BB

Credit card debt has surged as consumers struggle to keep up with the high cost of living amid rising inflation, reports UNB. As the prices of all kinds of products including essentials are on the rise in the market people have been using their credit card loans. According to the latest data of Bangladesh Bank (BB), credit card transactions have increased by about 29 per cent in a span of one year. Credit card transactions in June 2021 were Tk 19.35 billion and in June 2022, the amount of transactions increased to Tk 24.91 billion. Credit card transactions have increased by 29 per cent or Tk 5.56 billion in a year. At the same time, the number of credit cards in the country has increased by 10,51,549 last year. In June 2022, the number of credit cards in the country increased to 37,52.891 against 27,01342 in June 2021. Besides, people borrowed Tk 1.20 billion more from credit cards in June compared to May this year.

Source: https://today.thefinancialexpress.com.bd/trade-market/credit-card-spending-soars-with-increasing-living-costs-bb-1660406634

Agent banking accounts keep growing

Transactions through agent banking accounts rose 43 per cent year-on-year to Tk 5,64,844 crore in fiscal year 2021-22 as a growing number of people are now using the new banking window, showed Bangladesh Bank data. In fiscal year 2020-21, the amount passing through these accounts, opened through agent banking services, stood at Tk 3,94,068 crore. However, the growth of the transaction amount from what was in fiscal year 2019-20 to that in fiscal year 2020-21 was 106 per cent. The number of agents across the country stood at 14,300 as of June 2022, which was 12,930 in the same month of the previous year. The number of agent banking outlets rose to 19,738 from 17,147 during the period.

Source: https://www.thedailystar.net/business/economy/news/agent-banking-accounts-keep-growing-3094441

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,761.05
↑ 424.38↑ 1.27 %
FTSE100$ 7,500.89↑ 34.98↑ 0.47 %
Nikkei 225$ 28,546.98↑ 727.65↑ 2.62 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 92.09 ↓ 2.25↓ 2.38 %
Crude Oil (Brent)$ 98.15↓ 1.45↓ 1.46 %
Gold Spot$ 1,802.40↑ 12.68↑ 0.71 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 95.0000
GBP 1BDT 116.1660
EUR 1BDT 97.8595

*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