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 December 04, 2022

“Economy will become normal by March-April”-Says planning minister

Planning Minister MA Mannan today said there is no dollar crisis in the country, only a shortage. The economy will return to normalcy by March-April next year, he said. He made the comments while talking to reporters after the opening ceremony of the two-day wrestling competition at Sunamganj district stadium this morning, reports our Sylhet correspondent. The minister said, “Remittance has increased last month, and exports are also increasing. Slowly it will return to the previous state. I expect everything will become completely normal by March-April next year.” “Since I work inside [the government], it’s like, I know about the groceries since I work in the kitchen. On that basis, I’m saying that there is no reason to fear,” he said. Mannan also said, “Fields are filled with paddy and vegetables, and ponds and haors are full of fish. So, why should we worry?”

Source: https://www.thedailystar.net/business/economy/news/economy-will-become-normal-march-april-3186871

Differing views on interest cap

Economists and experts at a conference on Saturday made differing views on the withdrawal of the banking rate cap in order to tame inflation and weather macro-economy. Almost all the economists favoured withdrawal of the interest rate cap while some policymakers and businessmen disfavored it. They were addressing a session styled ‘Economic policy: Addressing post-Covid challenges’ of the Annual BIDS Conference, moderated by BIDS director general Dr Binayak Sen, at a city hotel. Economists Dr Sadiq Ahmed, Dr Debapriya Bhattacharya and Prof Mustafizur Rahman laid emphasis on the withdrawal of both interest and deposit rate caps. PM’s private-sector adviser Salman F Rahman, principal secretary Ahmad Kaikaus, Towfiq-E-Elahi Chowdhury, businessman Anwar-ul-Alam Chowdhury and FBCCI president Jashim Uddin favoured the current interest rate cap for protecting domestic industries.

Source: https://thefinancialexpress.com.bd/economy/differing-views-on-interest-cap-1670123592

Bangladesh sees 5pc remittance growth in 2022, despite global headwinds

Remittances to low and middle income countries (LMICs) withstood global headwinds in 2022, growing an estimated 5.0 per cent to $626 billion. This is sharply lower than the 10.2 per cent increase in 2021, according to the latest World Bank Migration and Development Brief. Remittances are a vital source of household income for LMICs. They alleviate poverty, improve nutritional outcomes, and are associated with increased birth weight and higher school enrollment rates for children in disadvantaged households, reports BSS. Studies show that remittances help recipient households to build resilience, for example through financing better housing and to cope with the losses in the aftermath of disasters.

Source: https://thefinancialexpress.com.bd/economy/bangladesh-sees-5pc-remittance-growth-in-2022-despite-global-headwinds-1669891837

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,429.88
↑ 34.87↑ 0.10%
FTSE100$ 7,556.23↓ 2.26 ↓ 0.03%
Nikkei 225$ 27,777.90↓ 448.18↓ 1.59%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 79.98↓ 1.24↓ 1.53%
Crude Oil (Brent)$ 85.57 ↓ 1.31↓ 1.51%
Gold Spot$1,797.63 ↓ 5.47↓ 0.30%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 105.4000
BDT 105.4000

*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