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 08, 2023

Bangladesh improves in logistics strength

Bangladesh has climbed up four notches to rank 35th among the 50 most promising emerging logistics markets in the world, thanks to the country’s performance in both domestic and international logistics opportunities, according to the 2023 Agility Emerging Markets Logistics Index. However, Bangladesh has scored the lowest yet again among four emerging South Asian economies in the 14th annual edition of the index unveiled by Agility – a Kuwait-based global logistics company – on Tuesday. At number two in the overall ranking, India has made significant progress in the last decade in modernising its logistics and supply chain industry, read the report. Among other South Asian countries – Pakistan stood at 26th position and Sri Lanka at 30th in the index. Bangladesh has been languishing at the lowest position among the four emerging South Asian economies in the index since 2019. The index ranked the world’s 50 leading emerging markets for overall competitiveness based on four metrics: domestic logistics opportunities, international logistics opportunities, business fundamentals and digital readiness – factors that make them attractive to logistics providers, freight forwarders, air and ocean carriers, distributors and investors. This year, Bangladesh’s overall score in these metrics is 4.53 out of 10.

Source: https://www.tbsnews.net/economy/industry/bangladesh-improves-logistics-strength-581646

RMG turns to India from China to get cheaper man-made yarn

Bangladesh has shifted its focus towards India from China for importing man-made fibre yarn and fabric due to competitive pricing, improved lead time with the opening of two new land ports and growing demand of the key apparel raw material globally. Industry stakeholders say the United States’ anti-China position may have also played a role in Bangladesh’s shift towards India for man-made fibre, the import volume of which is likely to double in the next five years from the neighbouring ally. Businesses said the move towards alternative sources for raw materials will help support the growth of the man-made fibre industry in Bangladesh and reduce dependence on China. Last December, the Bangladesh government allowed the import of man-made yarn and fabric through Benapole and two other new land ports – Bhomra in Satkhira and Sonamasjid in Chapainawabganj. Last month, 60 firms of Gujarat yarn and fabric producers, most of whom are involved in the man-made fibre trade, participated in an expo in Dhaka to explore the possibility of exporting the product at a higher rate to Bangladesh.

Source: https://www.tbsnews.net/economy/rmg-turns-india-china-get-cheaper-man-made-yarn-581650

NBR collects Tk 400 billion more revenue in FY22

Finance Minister AHM Mustafa Kamal has said the National Board of Revenue (NBR) has earned Tk 400 billion more in the 2021-22 fiscal year compared to the previous fiscal. “The NBR has earned over Tk 400 billion more in 2021-22 fiscal year compare to 2020-21 fiscal”, said the finance minister replying to a starred tabled question by treasury bench lawmaker M Abdul Latif of Chattogram-11 at the Jatiya Sangsad on Tuesday, reports BSS. The country’s revenue earnings were Tk 3.01 trillion in the 2021-22 fiscal while it was Tk 2.61 trillion in 2020-21, he mentioned.

Source: https://thefinancialexpress.com.bd/economy/nbr-collects-tk-400-billion-more-revenue-in-fy22-1675776884

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,156.69
↑ 265.67↑ 0.78%
FTSE100$ 7,864.71↑ 28.00 ↑ 0.36%
Nikkei 225$ 27,596.14↓ 89.33↓ 0.32%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$77.37↑ 0.23↑ 0.30%
Crude Oil (Brent)$83.80 ↑ 0.11↑ 0.13%
Gold Spot$1,877.84↑ 4.74↑ 0.25%

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