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 9, 2023

UK offers duty-free access for 92% Bangladeshi exports

After graduating from the Least Developed Country (LDC) status, Bangladesh will get duty-free export facilities for 92% of tariff line products, including ready-made garments (RMG), in the UK market. The UK has also assured Bangladesh of lifting the existing ban on betel leaf export from the country, said sources present at a meeting of the joint working group formed for the expansion of bilateral trade and investment between the two countries. According to commerce ministry data, Bangladesh’s merchandise exports to the UK peaked at $5.3 billion in fiscal year 2022-23 (FY23), up from $4.8 billion in the previous fiscal year, and double the figure from a decade ago when it stood at $2.7 billion. Key export items contributing to this achievement include ready-made garments, frozen food, IT, engineering, leather and jute goods, as well as bicycles. Approximately 80% of the exports comprise knitwear and woven garments.  Bangladesh’s imports from the UK amounted to $380 million during the first 11 months of FY23 till May. It was projected to reach around $450 million by the end of the fiscal year on 30 June.

Source: https://www.tbsnews.net/economy/uk-offers-duty-free-access-92-bangladeshi-exports-679330

Visa opens office in Dhaka

Visa, the American multinational financial services corporation, recently opened an office in Dhaka as part of its “strategic expansion in South Asia”. Visa provides a broad range of services, which include authorisation, clearing, and settlement services for financial institutions and merchants. The company does not issue credit or debit cards, rather its clients are the ones that issue the cards. It makes its profits by selling services as a middleman between financial institutions and merchants. Visa so dominates the market that it has only a handful of big rivals, including Mastercard Inc and American Express Co, as well as digital payments companies like PayPal Holdings Inc.

Source: https://www.thedailystar.net/business/economy/news/visa-opens-office-dhaka-3389846

 DSE gets new MD

The Bangladesh Securities and Exchange Commission (BSEC) has approved ATM Tariquzzaman as managing director of the Dhaka Stock Exchange (DSE) for the next three years. The recommendation to have Tariquzzaman fill the spot was made by the board of directors of the DSE. Tariquzzaman is currently working as an executive director of the BSEC. The approval came in a commission meeting held yesterday at the BSEC office in Dhaka. The top executive position at the DSE has been vacant since last September following the resignation of Tarique Amin Bhuiyan. Earlier, the preceding managing director Kazi Sanaul Huque resigned on October 8, 2020, citing personal reasons.

Source: https://www.thedailystar.net/business/economy/news/dse-gets-new-md-3389796

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 35,314.49
↓ 158.64↓ 0.45 %
FTSE100$ 7,527.42↓ 27.07↓ 0.36 %
Nikkei 225$ 32,201.23↓ 176.06↓ 0.54 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 82.75↓ 0.17↓ 0.20 %
Crude Oil (Brent)$ 86.01↓ 0.16↓ 0.16
Gold Spot$ 1,930.66↑ 5.42↑ 0.28 %

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