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 1, 2023

BB shuffles tasks for deputy governors

The Bangladesh Bank (BB), in a major move, made some changes in the responsibilities of its deputy governors on Tuesday, the BB sources said. As part of the changes, the central bank has given the responsibilities of Foreign Reserve and Treasury Management Department, Department of Banking Inspection-4 and 7 to Deputy Governor Abu Farah Md. Nasser. Before the reshuffle, Deputy Governor Kazi Sayedur Rahman was in-charge of these departments. When contacted, BB Spokesperson Md Mezbaul Hoque said the central bank has made some changes in distributing portfolios of the two deputy governors. Deputy Governor Kazi Sayedur Rahman will be in-charge of some other key units like Bangladesh Bank Training Academy, Credit Information Bureau, Debt Management Department, Security Management, and Human Resources Department-1 and 2. Foreign Reserve and Treasury Management Department was one of the key units that came under stress because of the ongoing dollar shortfall and gradual fall in foreign currency reserve. On the other hand, Department of Banking Inspection-7 is tasked to monitor some banks like Social Islami Bank Limited (SIBL), Al-Arafah Bank, EXIM Bank, and Union Bank. Of these, there are reports of loan-related irregularities in SIBL and Union Bank. There are 50 departments in the central bank and four deputy governors are assigned to supervise these units.

Source: https://thefinancialexpress.com.bd/economy/bb-shuffles-tasks-for-deputy-governors-1675218735

DITF ends with export orders worth about Tk 300 crore

The 27th Dhaka International Trade Fair-2023 ended on Tuesday with businesses receiving export orders worth about $30.38 million (about Tk 300 crore) while goods worth Tk 100 crore were sold in the month-long exhibition at the Bangabandhu Bangladesh-China Friendship Exhibition Centre at Purbachal in Dhaka. A total of 47 businesses received awards in several categories like best pavilion and stalls for their performance in the event. Textiles and jute minister Golam Dastagir Gazi attended as chief guest and distributed the awards among the businesses at the closing ceremony of the month-long event. Commerce minister Tipu Munshi and Federation of Bangladesh Chambers of Commerce and Industry senior vice-president Mostofa Azad Chowdhury Babu attended as special guests at the closing ceremony of the country’s largest international trade fair on the BBCFEC premises. PB vice-chairman AHM Ahsan delivered the welcome speech. The government has set export target of $67 billion for the current financial year and hopefully we will achieve the target, he said.

Source: https://www.newagebd.net/article/193213/ditf-ends-with-export-orders-worth-about-tk-300-crore

Alamgir becomes DMD of UCB

Alamgir Kabir has recently been promoted to deputy managing director of United Commercial Bank PLC, according to a press release. Prior to joining as DMD, he served as senior executive vice-president and corporate banking division head at the bank.   He also served UCB as its head of credit risk management division and head of different branches. He also held numerous other senior management positions in Jamuna Bank and ICB Islami Bank Ltd. He started his career in 1999 at First Security Islami Bank Limited. He obtained his MBA and BBA from the University of Chittagong.

Source: https://www.newagebd.net/article/193210/alamgir-becomes-dmd-of-ucb

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,086.04
↑ 368.95 ↑ 1.09%
FTSE100$ 7,771.70↓ 13.17 ↓ 0.17%
Nikkei 225$ 27,342.39↑ 15.28↑ 0.06%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$79.22 ↑ 0.35 ↑ 0.44%
Crude Oil (Brent)$84.49 ↓ 0.41↓ 0.48%
Gold Spot$1,926.16↓ 2.20↓ 0.11%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 103.4183
BDT 105.3500

*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