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 21, 2022

Next budget Tk 7.46t, GDP growth target set at 7.5pc

Resource mobilisation from both internal and external sources remains a key challenge for the government to finance a big new budget outlined Tuesday apace with Bangladesh’s aspired economic growth, economists and finance officials say.Keeping such challenges in mind and next general election in sights, the government sketched out the national budget for fiscal year 2023-24 with a total outlay of Tk 7.46 trillion and gross domestic product (GDP) growth target set at 7.5 per cent, officials said.The committee for coordination on fiscal, monetary, and currency-exchange affairs, headed by Finance Minister AHM Mustafa Kamal, also set a target to hold inflation in check at around 6.0 per cent in a descent from the recent zenith fuelled by global and local price rises.On the other side of the macroeconomic scales, a less-than-expected level of resources mobilisation might widen the overall budget deficit to 6.0 per cent in terms of the country’s GDP, officials emerging from the meeting told the FE.Also, the planners guesstimated that the subsidy requirement for the next fiscal year might cross Tk 1.0 trillion in a sharp rise from present year’s Tk 820 billion.About the development-expenditure portion of the total budget the meeting issued a direction for the officials concerned to prepare a Tk 3.0-trillion annual development programme (ADP) — substantially higher too from present fiscal’s Tk 2.46 trillion.

Source: https://thefinancialexpress.com.bd/economy/next-budget-tk-746t-gdp-growth-target-set-at-75pc-1671590773

Dhaka, Ctg home to most agent banking activities

Although agent banking is spreading at a faster clip in Bangladesh, accelerating financial inclusion, a majority of activities are concentrated in Dhaka and Chattogram divisions, central bank data showed.As of October, the total number of agents was 14,833. Of them, 2,267 were in urban areas and 12,566 in rural areas, according to the monthly report of the Bangladesh Bank.There are 2,820 outlets in urban centres versus 17,544 in rural areas, meaning rural areas are quite covered by banking facilities through agent banking, said the BB.The Dhaka division has a maximum of 3,738 agents, accounting for 25 per cent of the total, while the Chattogram division came second with 22 per cent of the agents.

Source: https://www.thedailystar.net/business/economy/news/dhaka-ctg-home-most-agent-banking-activities-3201161

RMG export to EU witnesses 16.27pc growth during July-Nov

The export of RMG items to the European Union (EU) has witnessed 16.27 per cent growth during the July-November period of this year compared to the same period last year. As per the statistics of the Export Promotion Bureau (EPB), RMG export to the EU increased by 16.27 per cent, from US$ 7.81 billion to $9.07 billion in July-Nov 2022-23. Germany is the largest European market fetching $ 2.71 billion with 1.88 per cent growth compared to the same period of the previous year, reports BSS. Export to Spain and France also increased by 19.15 per cent and 38.87 per cent respectively. Export to other major EU countries such as Italy, Austria, Netherlands and Sweden have shown growth by 50.95 per cent, 48.87 per cent, 34.39 per cent and 22.90 per cent respectively. On the other hand, export to Poland has shown 19.61 per cent year-over-year negative growth during the mentioned period.

Source: https://thefinancialexpress.com.bd/economy/rmg-export-to-eu-witnesses-1627pc-growth-during-july-nov-1671458326

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
↑92.20 ↑0.28%
Nikkei 225$26,383.87 ↓184.16↓0.69%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$76.18 ↓0.05 ↓0.07%
Crude Oil (Brent)$79.97 ↓0.02 ↓0.03%
Gold Spot$1,813.90 ↓ 4.04↓ 0.22%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 102.0100
BDT 106.0000

*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