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, 2023

Dhaka Bank offers credit card for women

Dhaka Bank Ltd in collaboration with Mastercard has recently launched an “Aroni Mastercard Titanium Credit Card” under “Aroni”, its dedicated banking services for women. The bank also launched a “Titanium Debit Card” and “Tayyebah Islamic Debit Card” under its Islamic banking services, “Tayyebah”. Emranul Huq, managing director and CEO of the bank, and Vikas Varma, chief operating officer for South Asia at Mastercard, attended the launching programme at the lender’s head office in Dhaka, said a press release. Md Mostaque Ahmed, AKM Shahnawaj, AMM Moyen Uddin and Darashiko Khasru, deputy managing directors of the bank, and Syed Mohammad Kamal, country manager of Mastercard, were present.

Source: https://www.thedailystar.net/business/economy/news/dhaka-bank-offers-credit-card-women-3404691

 BB fixes quotas for sukuk bond allocation

Bangladesh Bank yesterday fixed quotas for allocating sukuk bonds among Shariah-based banks, financial institutions, insurance companies and individual investors. A sukuk is a Shariah-compliant bond-like instrument used in Islamic finance. Bangladesh issued its first sovereign investment sukuk in December 2020. A central bank notice said 85 percent of the allocation would be for Shariah-based banks, financial institutions and insurance companies. About 10 percent will be allocated for Islamic branches and windows of conventional banks. The remaining 5 percent will be for individual investors, provident fund and deposit insurance. All conventional banks, financial institutions and insurance companies will be able to attend sukuk auctions.

Source: https://www.thedailystar.net/business/economy/news/bb-fixes-quotas-sukuk-bond-allocation-3404596

 Canada extends duty-free access for Bangladesh till 2034

Bangladesh will continue to enjoy duty-free access to Canada market till 2034 as per a bill passed in Canadian parliament in June. The Canadian government has extended duty-free market access to all developing countries that will benefit Bangladesh once it graduates from LDC status in 2026. Welcoming the development, BGMEA President Faruque Hassan told The Business Standard that the Canadian parliament passed a finance bill on June 8, extending the GPT scheme until the end of 2034. This policy decision will greatly support Bangladesh’s industry transformation towards a safer, cleaner, greener, and more sustainable workplace, as well as contribute to the overall infrastructure development in the country. According to the EPB (Export Promotion Bureau) data, Canada was the 11th largest exporting partner of Bangladesh with a $1.72 billion export in FY23. Besides, the North American nation is one of the major markets for Bangladeshi apparel.  Bangladesh’s RMG export to Canada reached $1.55 billion in FY23, which was $1.33 billion the previous fiscal, showing 16.55% growth.

Source: https://www.tbsnews.net/economy/canada-extends-duty-free-access-bangladesh-till-2034-689910

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,346.90
↑ 247.48↑ 0.73 %
FTSE100$ 7,338.58↑ 4.95 ↑ 0.07 %
Nikkei 225$ 32,139.33↑ 515.05↑ 1.63 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 79.77 ↓ 0.06↓ 0.08 %
Crude Oil (Brent)$ 84.38↓ 0.10↓ 0.12 %
Gold Spot$ 1,915.55↑ 0.59↑ 0.03 %

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