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 7, 2023

Inflation falls slightly to 9.69% in July

Inflation fell slightly to 9.69 percent in July from 9.74 percent in the previous month thanks to the steady prices of non-food items, according to the Bangladesh Bureau of Statistics (BBS). This was the second consecutive month the consumer prices witnessed decline since May when inflation rose to 9.94 percent, an 11-year high. Food inflation rose to 9.76 percent in July from 9.73 percent in the previous month. Non-food inflation eased to 9.47 percent last month from 9.6 percent in June, according to the BBS.

Source: https://www.thedailystar.net/business/economy/news/inflation-falls-slightly-969-july-3387901

Bangladesh’s share in EU apparel market jumps to 22.20%

Bangladesh exported $22.89 billion worth of apparel to the EU market in 2022. Bangladesh, the second-largest apparel exporter to the EU, exported $22.89 billion worth of apparel to the market last year, showcasing a remarkable 35.69% year-on-year growth. Meanwhile, China’s exports stood at $30.15 billion, with a growth rate of 17.01%. In 2021, Bangladesh’s market share accounted for 19.80%, valued at $16.87 billion, while China dominated with a 30.22% share, totaling $30.22 billion. The latest data reveals that the EU’s overall apparel imports from all countries reached a staggering $103.09 billion in 2022, marking an impressive 20.97% year-on-year increase compared to $85.23 billion in the previous year. In terms of quantity, the EU’s clothing imports from Bangladesh surged by 21.20% year-on-year, surpassing China’s 17.01% year-on-year growth in 2022.

Source: https://www.tbsnews.net/economy/rmg/bangladeshs-share-eu-apparel-market-jumps-2220-678086

 Foreign loan disbursements fall 7.4% YoY

The year-on-year disbursements of foreign loans from development partners have decreased by 7.4% in the 2022-23 fiscal year but commitments of loans increased by about 7.23%. According to data from the Economic Relations Division (ERD) of the finance ministry, In the recently concluded FY23, the foreign loan disbursement has dropped to $9.267 billion from a record $10 billion disbursed in the previous 2021-22 fiscal year. And commitments of foreign aid increased to $8.798 billion in FY23, up from $8.20 billion in the previous fiscal year, ERD data shows. Japan disbursed the highest amount of loans in FY23, about $2.04 billion. Besides, the World Bank disbursed $1.93 billion and the Asian Development Bank $1.56 billion.

Source: https://www.tbsnews.net/economy/foreign-loan-disbursements-fall-74-yoy-678062

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 35,065.62
↓ 150.27↓ 0.43 %
FTSE100$ 7,564.37↑ 35.21↑ 0.47 %
Nikkei 225$ 32,208.28↑ 15.53↑ 0.05 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 82.72↓ 0.10↓ 0.12 %
Crude Oil (Brent)$ 86.15↓ 0.09↓ 0.10 %
Gold Spot$ 1,938.46↓ 4.45↓ 0.23 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 108.9800
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