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 February 07, 2023

Inflation rate maintains declining trend for fifth consecutive month

The inflation rate eased further as it fell to 8.57 per cent in January down from 8.71 per cent last December, according to the monthly consumer price (CPI) index of the Bangladesh Bureau of Statistics (BBS). State Minister for Planning Dr Shamsul Alam told BSS that the inflation rate has been falling in the country since September last while the wage rate is also increasing. “This means that the economy is now more active and vibrant,” he said adding that the country’s export earnings were much higher during this July-December period compared to the same period last year. A BSS report said the inflation rate decreased last month mainly because of the downtrend in food and non-food inflation. The inflation rate was 8.85 per cent in November last, the CPI index said. The point-to-point food inflation came down to 7.76 per cent in January down from 7.91 per cent in December. On the other hand, the point-to-point non-food inflation also declined slightly to 9.84 per cent in January down from 9.96 per cent in December. The BBS data showed that the general point-to-point inflation in the urban areas also declined to 8.39 per cent in January down from 8.43 per cent in December. National wage index rate in January was 7.06 per cent up from 7.03 per cent in December. In reply to a question, State Minister Alam said there is no reason to lose trust in the statistics of the BBS as it has been discharging its duties diligently.


Mudarabah comes to feed cash-strapped Islamic banks

A new financial instrument styled Mudarabah Liquidity Support (MLS) comes for feeding the cash-strapped Islamic banking system, in the wake of reports of recent hefty withdrawals. Bangladesh Bank (BB) introduced Sunday the Shari’ah-compliant financial instrument in order to ensure “financial stability and resilience” in the banks. The central bank introduced such guidelines on the day as there is a debate over liquidity support in recent times to Islamic banks through Islamic bonds. The main feature of the MLS is claims of banks on the government of Bangladesh arising from subsidies or incentives to be received against special schemes/programmes shall be considered collateral. Claims against remittance incentives and against financial stimulus or incentives facilities are also to be used as collateral. The applied amount of MLS shall be for a minimum amount of Tk 100 million or multiples thereof. “The expected profit rate shall be euivalent to the prevailing 03 (three) months MTDR (Mudarabah Term Deposit Receipt) rate of the respective bank at the time of availing MLS,” says one guideline. The tenure of the MLS is 07/14/28 days.

Source: https://thefinancialexpress.com.bd/economy/mudarabah-comes-to-feed-cash-strapped-islamic-banks-1675739112

Bangladesh now home to half of top green factories worldwide

Bangladesh became home to half of the top 100 green industrial units worldwide after KDS IDR Limited, a garment factory in Kalurghat, received platinum certification from the Leadership in Energy and Environmental Design (LEED) programme on February 1. Platinum certification is the highest category in the ranking system while gold is the second highest and silver is the third. There is also a fourth category for industrial units that just meet the minimum requirements. Being the global champion in LEED certified factories, Bangladesh has 63 platinum rated garment units while another 110 are gold rated, 10 are silver rated and four are just certified. Besides, more than 500 other garment factories are awaiting LEED certification by the United States Green Building Council (USGBC) for their green initiatives, according to the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).

Source: https://www.thedailystar.net/business/economy/news/bangladesh-now-home-half-top-green-factories-worldwide-3241006

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,891.02
↓ 34.99↓ 0.10%
FTSE100$ 7,836.71↓ 65.09↓ 0.82%
Nikkei 225$ 27,679.08↓ 14.57↓ 0.05%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$74.86↑ 0.75↑ 0.30%
Crude Oil (Brent)$81.75↑ 0.76↑ 0.94%
Gold Spot$1,874.19↑ 6.71↑ 0.36%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 103.4627
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