$

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

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Daily Business News Flash December 27, 2023

Remittances surge 22% in Dec’s first 22 days

Remittance inflows surged around 22% year-on-year in the first 22 days of December, thanks to some flexibility in the dollar rate permitted by the Bangladesh Bank. According to central bank data, banks received remittances of $1.57 billion in the first 22 days of this month, compared to $1.29 billion received in the corresponding period of December last year. Bankers expect remittance inflows will exceed $2 billion by the end of December if the trend so far this month continues. They have attributed the hike in remittance inflow to favourable exchange rate – up to Tk122 for a dollar. The total remittance inflow in the current financial year has decreased by about 4.19% year-on-year. From July to 22 December of the current financial year, remittances have reached $9.66 billion, compared to over $10 billion that came in during the same period last fiscal year.

Source: https://www.tbsnews.net/economy/remittances-surge-22-decs-first-22-days-764794

Pran-RFL to start producing essential goods by March

Pran-RFL Group, a leading food processor and conglomerate in Bangladesh, plans to produce flour, refined flour and semolina for consumers in their factories by March next year. The group is investing about Tk 1,500 crore to produce these essential products and will employ about 2,000 people, said a top official of the group. At present, the group offers a diverse range of 6,500 products under 200 brands. Bangladesh is expected to be the ninth-largest consumer market globally by 2030, leaving behind the United Kingdom and Germany, according to a report by HSBC Global Research in 2022.

Source: https://www.thedailystar.net/business/economy/news/pran-rfl-start-producing-essential-goods-march-3502981

Mr. Kazi Md. Talha new AMD of Padma Bank

Mr. Kazi Md. Talha has joined the Padma Bank Limited as its Additional Managing Director (AMD). Prior to joining the bank, he served as the Additional Managing Director & Chief Executive Officer of Islamic Banking Window at NRBC Bank PLC, where he demonstrated exceptional leadership and played a pivotal role in the organisation’s success.

Source: https://today.thefinancialexpress.com.bd/trade-market/kazi-md-talha-new-amd-of-padma-bank-1703605311

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 37,545.33
↑ 159.36↑ 0.43 %
FTSE100$ 7,697.51↑ 2.78 ↑ 0.04 %
Nikkei 225$ 33,694.51↑ 388.66↑ 1.17 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 75.47↓ 0.10↓ 0.13 %
Crude Oil (Brent)$ 81.07↑ 0.00↑ 0.00 %
Gold Spot$ 2,064.83↓ 2.98↓ 0.14 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
CurrencyLowestHighest
USD 1BDT 110.0000
BDT 110.0000

*World Commodities & Local and Global Stock Indices data are taken from bloomberg.com<

* Exchange Rates are taken from BB website, as on latest update.<

AN IMPORTANT MESSAGE FROM

EMRANUL HUQ

MANAGING DIRECTOR & CEO OF DHAKA BANK LIMITED

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.

YOUR SAFETY MEANS EVERYTHING TO US
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.

WE WILL TAKE CARE OF YOUR BANKING NEEDS
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.

GET IN TOUCH IF YOU ARE IN EXTREME EMERGENCY
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.

WE WILL FREQUENTLY UPDATE YOU
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

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