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 29, 2023

Universal Pension Scheme: MFS service charge set at 0.7%

The mobile financial service providers can charge a maximum of Tk 0.7 for every Tk 100 deposited by the policyholders of the Universal Pension Scheme (UPS) as subscription fees to the pension authority. The move comes after the government rolled out the much-anticipated universal pension scheme on August 17 as part of an effort to bring the growing elderly population of the country under a well-organised social safety net. The policyholders will get a monthly stipend after 60 years of age subject to consistent payment of instalment for 10 years. The central bank, referring to a circular of the finance division issued on August 16, said the government earlier fixed the cash out charge at 0.7 percent for withdrawal of funds by the beneficiaries under social safety net schemes.

Source: https://www.thedailystar.net/business/news/universal-pension-scheme-mfs-service-charge-set-07-3405401

ADB to provide $300m loan to boost skills of labour force

Asian Development Bank (ADB) will provide Bangladesh USD$300 million to enhance the skills of labour force, create more employment and elevate remittance. A loan agreement was signed between the Bangladesh government and the ADB at ERD in the capital on Monday. Sharifa Khan, secretary of Economic Relations Division (ERD) and Jiangbao Ning, Deputy Country Director of ADB assigned to Bangladesh. The Finance Department of the Ministry of Finance will implement the program titled ‘Skills for Industry Competitiveness and Innovation Program’ in the period 2024-2041 with the collaboration of different government and private training institutions. ADB is one of the largest multilateral Development Partners of Bangladesh extending assistance to the country since it became a member of ADB in 1973. ADB’s total loan to Bangladesh till now is more than US$ 29,664 million and US$ 553.4 million as grant.

Source: https://today.thefinancialexpress.com.bd/trade-market/adb-to-provide-300m-loan-to-boost-skills-of-labour-force-1693244351

 Chinese carmaker BYD to buy US firm Jabil for $2.2b

Chinese automaker BYD said on Monday its electronics unit has struck a deal with US-based manufacturer Jabil Inc to buy its mobile electronics manufacturing business in China for 15.8 billion yuan ($2.2 billion). The deal will expand BYD Electronic’s (BE) customer base, product portfolio and its smartphone components business as it looks to capture Jabil’s potential growth in the sector. Singapore-based Jabil Circuit, which manufactures printed circuit boards, established a unit this month that absorbed its product-manufacturing businesses in Chengdu and Wuxi, which will now be sold to the Chinese group. Shares in BYD Electronic initially fell as much as 9 per cent in Hong Kong, but reversed their losses and closed flat by the afternoon, while the broader market closed 1 per cent higher.

Source: https://today.thefinancialexpress.com.bd/trade-market/chinese-carmaker-byd-to-buy-us-firm-jabil-for-22b-1693244368

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,559.98
↑ 213.08↑ 0.62 %
FTSE100$ 7,338.58↑ 4.95↑ 0.07 %
Nikkei 225$ 32,281.92↑ 111.93↑ 0.35 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 80.05 ↓ 0.05↓ 0.06 %
Crude Oil (Brent)$ 84.43↑ 0.01↑ 0.01 %
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