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 10, 2023

Bangladesh outshines China in knitwear exports for first time

Bangladesh surpassed China in knitwear exports to the European Union during the first nine months of this year. The country shipped knit items worth 8.31 billion Euro during the January-September period, slightly higher than its main competitor China that shipped the same category of items worth 8.27 billion Euro, according to Eurostat data. Local woven garments fetched 5.37 billion Euro while China bagged 8.85 billion Euro during the same period. All major exporting countries, however, witnessed double digit negative growth during the period under review as the EU’s overall imports declined by 14.10 per cent to 63.51 billion Euro. The EU imported garments worth 73.94 billion Euro during the corresponding period of last year. Bangladesh’s overall RMG exports to its largest destination in the bloc stood at 13.69 billion Euro during the nine-month period, recording a 17.66 per cent fall from 16.62 billion Euro in the corresponding period of 2022. China recorded a 20.17 per cent fall to 17.12 billion Euro while Turkey recorded a 12.67 per cent decline to 7.57 billion Euro during the period. India earned 3.35 billion Euro marking a 10.37 per cent decrease while Vietnam fetched 2.81 billion Euro with 10.59 per cent negative growth. Bangladesh holds a significant market share of 22.1 per cent after China holding 29.2 per cent of the EU’s market share in 2022. China’s share in the EU market has been decreasing since 2010 while that of Bangladesh’s has been increasing gradually mainly because of the duty-free market there.

Source: https://today.thefinancialexpress.com.bd/first-page/bangladesh-outshines-china-for-first-time-1701884106

The digital money magic in rural economy

In the early 2010s, mobile financial services (MFS) emerged from tireless efforts by the banking industry and regulators, presenting an innovation that quietly revolutionised the money transfer process in Bangladesh. Fast forward to the present day. All it takes is a tap on digital devices to effortlessly send and receive money through MFS and internet banking. The securely stored funds in the digital wallet can be conveniently withdrawn from any of the 16.30 lakh agent points nationwide, often conveniently located at shops nearest to people. Cash-out and cash-in transactions at agent points take just a minute, allowing even residents in remote villages to promptly settle their electricity and gas bills, admission and job recruitment fees, and shopping expenses using their own digital wallet or through an agent point. Besides, the advent of agent banking, ATMs, and online banking has streamlined financial transactions, making them faster and more convenient. According to Bangladesh Bank data, daily MFS transactions averaged Tk4,258 crore in August of this year. The country boasts more than 21.50 crore MFS account holders, with 55% of MFS users residing in rural areas and nearly 42% being women.

Source: https://www.tbsnews.net/economy/digital-money-magic-rural-economy-754058

Mr. S. M. Anisuzzaman promoted as DMD of Bank Asia

M. Anisuzzaman has recently been promoted as deputy managing director of Bank Asia Limited. Prior to his promotion, Mr. Anisuzzaman was senior executive vice president and company secretary and head of research & strategy of the bank. He started his banking career with IFIC Bank Ltd in 1996 as probationary officer. Later, he had stint with Prime Bank and BRAC Bank. Mr. Anisuzzaman joined Bank Asia in October 2015 in the capacity of executive vice president. During his more than 8-year career with Bank Asia, he excelled in leading the innovation, transformation, corporate governance, and regulatory affairs function of the bank.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/anisuzzaman-promoted-as-dmd-of-bank-asia-1702136290

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 36,247.87
↑ 130.49↑ 0.36 %
FTSE100$ 7,554.47↑ 40.75↑ 0.54 %
Nikkei 225$ 32,307.86↓ 550.45↓ 1.68 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 71.23↑ 1.89↑ 2.73 %
Crude Oil (Brent)$ 75.84↑ 1.79↑ 2.42 %
Gold Spot$ 2,004.67↓ 23.80↓ 1.17 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 110.2500
BDT 110.2500

*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