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 26, 2021

Govt’s bank borrowing surges for lower sales of savings tools

Government borrowing from the banking sector has seen a rapid surge this fiscal year mainly due to the lower investment of general people and firms in national savings tools, a development that may crowd out the private sector. The government took loans to the tune of Tk 22,344 crore from banks between July 1 and December 14, data from the Bangladesh Bank showed. It borrowed Tk 26,078 crore last fiscal year. The government has set a bank borrowing target of Tk 76,452 crore for the current fiscal year. Between July and October, net investment in the savings tools stood at Tk 9,325 crore, down 40 per cent year-on-year. Credit growth accelerated to 9.44 per cent in October, the highest in 13 months, overcoming sluggishness it had faced right after the virus arrived on the shores of the country in March last year as demand plunged. One of the factors for the higher government borrowing might be the acceleration of implementation of major development projects, which had come to a standstill after the pandemic hit Bangladesh, said Emranul Huq, managing director of Dhaka Bank. Exports surged in November as it raked in $4.04 billion, reflecting the strong demand for apparel from Bangladesh. But the flow of remittance fell 25 per cent to $1.55 billion in the month, the lowest since June 2020.

Source: https://www.thedailystar.net/business/economy/news/govts-bank-borrowing-surges-lower-sales-savings-tools-2925686

$21b investment proposals since Covid outbreak

Bangladesh has received investment proposals totaling $21.17 billion since the coronavirus pandemic struck the world nearly two years ago. The Bangladesh Investment Development Authority (Bida), has got proposals involving $14.77 billion, the Bangladesh Economic Zones Authority $5 billion, the Bangladesh Export Processing Zones Authority $1.35 billion, and the Bangladesh Hi-Tech Park Authority $5.5 billion. The proposals were received by the four investment promotion agencies between January 2020 and December 20 this year, and the figures were disclosed at the ongoing Dubai Expo 2020. In 2020, the Bida attracted $7.12 billion worth investment proposals. Of the sum, $4.85 billion came from local investors and $2.26 billion from foreign investors and the joint ventures set up by local and foreign investors. The agency wooed $7.65 billion worth of investment proposals as of December 20 this year. Proposals worth $6.85 billion came from local investors and $806.27 million from foreign investors and the joint ventures of local and foreign firms. FDI to Bangladesh stood at $2.51 billion in the last fiscal year, whereas countries such as Vietnam usually mobilised $8-10 billion in FDI per year, according to an analyst.

Source: https://www.thedailystar.net/business/economy/news/21b-investment-proposals-covid-outbreak-2924531

Apparel industry continues marathon in sustainability

As the world’s second largest garment exporter, Bangladesh’s garment industry has made great strides over the past years in integrating sustainability into the core of its operations. This is evident from the fact that Bangladesh has the highest number of green garment factories in the world with 152 LEED-certified green factories, of which 44 are platinum rated and 94 are gold rated. Moreover, 40 out of the top 100 green factories in the world belong to Bangladesh while 500 more are in the process of getting certification. This proves our focused drive towards environmental sustainability. Moreover, considering the gravity of global warming, we are determined and committed to carry forward the environmental sustainability that we have achieved so far. That is why while leading a delegation of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) at the COP26, we reaffirmed our commitment to climate action.

Source: https://www.thedailystar.net/business/economy/news/recovery-remains-fragile-cpd-2924541

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 35,950.56
↑ 196.67↑ 0.55 %
FTSE100$ 7,372.10↓ 1.24↓ 0.02 %
Nikkei 225$ 28,782.59 ↓ 15.78↓ 0.05 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 73.79 ↑ 1.03↑ 1.42 %
Crude Oil (Brent)$ 76.14↓ 0.71↓ 0.92 %
Gold Spot$ 1,817.32↑ 8.51↑ 0.47 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 85.8000
GBP 1BDT 114.5773
EUR 1BDT 97.1857





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