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 28, 2022

Apparel shipments see big jump in August

Bangladesh’s apparel exports registered a 58% year-on-year growth to over $2.5 billion in the first 22 days of August – at a time when the sector’s major export destinations are experiencing record inflation owing to the ongoing war between Russia and Ukraine. The sector enjoyed a whopping 446% growth year-on-year in a single day during the period, but the shipments also witnessed a negative growth of 54% in a day, said sources at the Bangladesh Garment Manufacturers and Exporters Association (BGMEA). For the first time, exports to a single country – the USA – are crossing $10 billion. Of this $10 billion, $9 billion came from the RMG sector in FY22, according to the EPB. Walmart, one of the major USA buyers of Bangladesh’s readymade garments, officially announced that they will procure 30% less for the spring season as they have huge unsold inventory.

Source: https://www.tbsnews.net/economy/rmg/apparel-shipments-see-big-jump-august-483482

Daraz to invest Tk1,000cr in Bangladesh in next 3-4 years

Daraz Group will invest Tk1,000 crore in Bangladesh in the next three-four years. In addition to this, boasting a grand shopping experience, the campaign comprises massive discount offers of up to Tk15,000, gamification giveaways, vouchers, payment offers, new user gifts, flash puzzle challenges, exclusive launches, and exceptional EMI facilities. Currently, the share of e-commerce sector in the country’s retail product sales is only 2%, while it is 6% in India and 20% in Indonesia.

Source: https://www.tbsnews.net/economy/daraz-invest-tk1000cr-bangladesh-next-3-4-years-ceo-483890

 Mr. Romo Rouf new chairman of Bank Asia

Mr. Romo Rouf Chowdhury has been elected Chairman of Bank Asia Ltd. in the 479th meeting of the bank’s Board of Directors held on Thursday. Mr Chowdhury is one of the sponsor-shareholders as well as sponsor-directors of Bank Asia Ltd. He is a graduate in Engineering from Durham University, UK. He has more than 30 years of experience as an industrialist. He is one of the successful young entrepreneurs of the country. Currently, Mr Romo Chowdhury holds the position of Chairman of Rancon Group, which has more than 30 subsidiaries, including Rancon Motorbikes Ltd., Rancon Motors Ltd., Rangs Ltd., Rangs Properties Ltd., Rancon Automobiles Ltd., Rancon Oceana Ltd., Rancon Sea Fishing Ltd. and Rancon Electronics Ltd.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/romo-rouf-new-chairman-of-bank-asia-1661618411

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 32,283.40
↓ 1,008.38↓ 3.03 %
FTSE100$ 7,427.31↓ 52.43↓ 0.70 %
Nikkei 225$ 28,641.38↑ 162.37↑ 0.57 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 93.06 ↑ 0.54↑ 0.58 %
Crude Oil (Brent)$ 100.99↑ 1.65↑ 1.66 %
Gold Spot$ 1,738.14↓ 20.57↓ 1.17 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 95.0000
GBP 1BDT 112.1095
EUR 1BDT 94.7055

*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