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 January 03, 2023

Year ends with average inflation of 7.70 pc

Though the monthly rate of inflation eased in December last, the just concluded year was marked by a higher rate of inflation of 7.70 per cent on average, compared to 5.54 per cent in 2021. Bangladesh Bureau of Statistics (BBS) released the December inflation data on Monday, which also showed that inflation in the last month of 2022 came down to 8.71 per cent from the rate of 8.85 per cent in November. Inflation in December 2021 was 6.05 per cent. BBS data also showed that food inflation cooled down to 7.91 per cent in December from 8.14 per cent in November. Non-food inflation was, however, almost static at 9.96 per cent in December, which was 9.98 per cent in November.

Source: https://thefinancialexpress.com.bd/economy/year-ends-with-average-inflation-of-770-pc-1672666751

Dec exports all-time high

Manufactured garments carried Bangladesh to another export income record in December, breaking the previous highest in November. In December, exports grew by slightly over 9%, reaching $5.37 billion, the highest in a single month. According to sources in the apparel sector, higher raw material prices, higher export orders compared to previous months, export of high-value garments and a shift from China by major buyers, among other competitors, played a significant role behind the record exports in December. Additional orders from traditional and new markets outside Europe and America contributed to the overall increase in exports. Meanwhile, the country’s external trade deficit decreased by 6.41% to $11.79 billion year-on-year in the first five months of the current fiscal year. The trade deficit in the corresponding period of the previous financial year was $12.60 billion.

Source: https://www.tbsnews.net/economy/bangladesh-sees-record-single-month-exports-december-561702

External debt falls in Q1

Following an upward trend, Bangladesh’s external debt declined to some extent in the first quarter (Q1) of the current fiscal year (FY 2022-23) thanks to lower public borrowings due to stalled less-priority projects amid the sluggish economic situation. The debt fell by over US$ 2.54 billion to $ 92.69 billion in the July-September quarter of FY 2022-23 from $ 95.23 billion in the previous quarter (April-June period of FY 2021-22), according to latest figures of Bangladesh Bank (BB). In the January-March and October-December quarters of the last FY, the foreign debt figures – $93.23 billion and $90.79 billion – showed an upward trend. Of the total Q1 debt, the public sector accounted for $67.29 billion, down $0.73 billion from the previous quarter while private sector debt declined by $0.55 billion to $25.40 billion. Of the private sector debt, about $11.05 billion was directly borrowed by the power, gas and petroleum sectors, followed by the manufacturing sector $4.22 billion and trade and commerce around $3.0 billion. Seeking anonymity, a BB official said the public sector draw down from the external sources plummeted by around 25 per cent in the Q1 of the current FY, contributing to the downward trend in the foreign debt situation.

Source: https://thefinancialexpress.com.bd/economy/external-debt-falls-in-q1-1672714561

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,147.25
↓ 73.55 ↓ 0.22%
FTSE100$ 7,451.74↓ 60.98↓ 0.81%
Nikkei 225$ 26,094.50 ↑ 0.83 0.00%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 79.91 ↓ 0.35↓ 0.44%
Crude Oil (Brent)$ 85.51 ↓ 0.40 ↓ 0.47%
Gold Spot$ 1,840.11↑ 16.09↑ 0.88%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 103.4400
BDT 104.3500

*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