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 3, 2023

Bangladesh’s exports soar by 15.26% in July

Bangladesh’s merchandise exports grew by an impressive 15.26% year-on-year to $4.59 billion in July, the first month of the new fiscal year, as per government data. This robust growth was driven by an acceleration in the shipment of apparel items, which will help the country minimise its ongoing foreign exchange crisis. A day earlier, the Bangladesh Bank reported nearly a 6% decline in remittance inflows in July. The data released on Wednesday by the Export Promotion Bureau (EPB) showed that the garment sector contributed over 86% to the overall export earnings. The other sectors – primary commodities, jute and jute goods, frozen and live fish, agricultural products, manufactured commodities, plastic products, leather products, and non-leather footwear – also experienced positive growth year-on-year. Seeking anonymity, a leading apparel exporter told The Business Standard that his group exported 3.62 million pieces of readymade garments worth $285.7 million in the first six months of this year. This figure was lower compared to the export of 4.91 million pieces worth $373.38 million during the same period in 2022.

Source: https://www.tbsnews.net/economy/bangladeshs-exports-soar-1526-july-675682

200MW solar power plant opens

Prime Minister Sheikh Hasina yesterday inaugurated a 200-megawatt (MW) solar power plant, the highest renewable resource-focused power generation capacity of a single facility in the country, built by Beximco Power Ltd. Some $300 million was invested to set up the plant, named Teesta Solar Ltd, on 650 acres of a landmass formed through sedimentation in Sundarganj upazila of the northwestern district of Gaibandha. The plant is expected to provide 200MW of electricity to the national grid daily, said the statement issued by Public Relations Officer Shafiqul Islam of the office of the adviser to the prime minister on private industries and investment.

Source: https://www.thedailystar.net/business/economy/news/200mw-solar-power-plant-opens-3385101

Mr. Mahbubul Alam elected FBCCI president

Mr. Mahbubul Alam, a leader of the Sammilito Oikko Parishad, has been elected president of the Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) for the 2023-25 term. The elections took place Wednesday at the FBCCI office in Motijheel, Dhaka, where some 78 elected and nominated directors of the federation chose Alam as FBCCI chief. He represented the Chittagong Chamber of Commerce and Industry (CCCI). Election Board Chairman A Matin Chowdhury announced the names of the new office bearers of FBCCI. In the association group, 49 candidates contested for 23 director positions. Of them, 23 were from each of the two panels, and three were independent candidates. However, the Sammilito Baboshayee Parishad panel clinched 15 posts of directors, while Baboshayee Oikko Parishad secured 8 posts in the association group election of FBCCI, the country’s apex trade body. The new board will assume office on August 17.

Source: https://today.thefinancialexpress.com.bd/first-page/mahbubul-alam-elected-fbcci-president-1690999758

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 35,282.52
↓ 348.16↓ 0.98 %
FTSE100$ 7,561.63↓ 104.64↓ 1.36 %
Nikkei 225$ 32,274.14↓ 433.55↓ 1.33 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 79.57↑ 0.08↑ 0.10 %
Crude Oil (Brent)$ 83.28$ 83.28↑ 0.10 %
Gold Spot$ 1,937.32↑ 2.87↑ 0.15 %

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