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, 2022

Remittance outflow crosses $100m — thru legal channel

Outward remittances from Bangladesh through legal channels crossed the $100-million mark for the first time in 2021 as more foreigners are working in the fast-growing economy, data from a global organization showed. Foreigners remitted $101 million last year, up 6.3 per cent from $95 million in 2020, according to the new estimates of the World Bank’s Global Knowledge Partnership on Migration and Development (KNOMAD). It was $32 million in 2015, $41 million in 2016, $47 million in 2017, $57 million in 2018, and $83 million in 2019. Outgoing remittances accounted for 0.02 per cent of Bangladesh’s gross domestic product (GDP) in 2021. However, the data does not capture the real scenario of remittance going out of Bangladesh since many foreigners work here illegally. Some 90,000 foreigners are employed in Bangladesh following due procedures, according to a study report of the Transparency International Bangladesh (TIB) in 2020.

Source: https://www.thedailystar.net/business/economy/news/remittance-outflow-crosses-100m-thru-legal-channel-3205081

Metro rail set to open ending 18 years of wait

The much-awaited metro rail, which was envisioned in the strategic transport plan introduced in 2005, is finally set to be inaugurated on 28 December, making Bangladesh the third country in the Indian Subcontinent with the mass rapid transit system. Prime Minister Sheikh Hasina will officially open the metro rail service from the capital’s Uttara to Agargaon, ending 18 years of wait for the Dhaka dwellers. The state-of-the-art transport will be open for the masses from the following day. Passengers will board from the terminal built on the second floor after buying a ticket from the first. After reaching the destination, they will need to use the ticket again to leave the platform. Prior to the opening of the 11km line of MRT Line-6, Dhaka Mass Transit Company Limited (DMTCL), the owner and operator of the metro rail, has issued various instructions to inform the public about how to use the service including entry to metro rail stations and purchase tickets. DMTCL is also running a campaign to enlighten the masses about dos and don’ts in the station area.

Source: https://www.tbsnews.net/bangladesh/transport/metro-rail-set-open-ending-18-years-wait-557898

REHAB Fair ends: Sales, bookings fetch Tk 3.51b

Real estate companies have bagged bookings and spot sales worth over Tk3.51 billion at the five-day housing fair that concluded on Sunday. The figure includes Tk1.68 billion against flats sales or booking, Tk800 million against plots and Tk530.73 million against commercial spaces and rest for building materials. Besides, bank commitments worth Tk10 billion were received at the fair. Organisers of the fair, Real Estate & Housing Association of Bangladesh (REHAB) office-bearers disclosed the figures at a press conference held at the fair venue. The five-day REHAB Housing Fair-2022 was held at Bangabandhu International Conference Centre (BICC) in the city’s Sher-e-Bangla Nagar area. REHAB Vice President Kamal Mahmud, Vice President and Chairman of the Fair Committee Engineer Mohammad Sohel Rana and Vice President Lion Sharif Ali Khan were present at the press conference, among others. Mr Shohel Rana said the city people’s interest in the REHAB Fair has been highly encouraging for the real estate sector. “Most of the entities participate in the fair basically for branding rather than sales,” he said, adding the goal has been successful.

 Source: https://thefinancialexpress.com.bd/trade/rehab-fair-ends-sales-bookings-fetch-tk-351b-1672027650

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,203.93
↑ 176.44 ↑ 0.53%
FTSE100$ 7,473.01 ↑ 3.73↑ 0.05%
Nikkei 225$ 26,387.44 ↑ 152.19↑ 0.58%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 79.56 ↑ 2.07 ↓ 2.67%
Crude Oil (Brent)$ 83.92 ↑ 2.94 ↑ 3.63%
Gold Spot$ 1,798.20 ↑ 5.68↑ 0.32%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 102.9200
BDT 107.0000

*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