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, 2024

Bangladesh earns $5.31b from export in December, highest in 2023

Bangladesh’s merchandise export earnings reached a pinnacle for the year in December at nearly $5.31 billion, as per data released by the Export Promotion Bureau (EPB) on 2 January. However, this marked a slight decrease of 1.06% from December 2022 when export earnings were recorded at $5.36 billion. Data from the EPB shows that Bangladesh’s cumulative export earnings for the July-December period of the current fiscal year totaled $27.54 billion. This represents a modest 0.84% increase compared to the corresponding period in the preceding year. The textile industry, a cornerstone of Bangladesh’s exports, experienced marginal growth with readymade garment exports rising by 1.72% to $23.39 billion, constituting approximately 85% of the country’s total exports over the last six months.

Source: https://www.tbsnews.net/economy/export-earnings-drop-106-year-year-december-768286

$160m ADB loan to upgrade power network in Dhaka

The Asian Development Bank (ADB) will provide a $160-million loan to upgrade the power-distribution network in Dhaka, improve efficiency, and increase energy supply. The loan agreement was signed by the Secretary of the Economic Relations Division (ERD), Md. Shahriar Kader Siddiky, and ADB Deputy Country Director to Bangladesh, Jiangbo Ning, at a ceremony in Dhaka. The project, known as the Dhaka Power System Expansion and Strengthening Project, aims to construct eight substations and install underground cables and overhead lines spanning over 100 kilometers and 150 kilometers, respectively. In addition to enhancing the operations of the Dhaka Electric Supply Company Limited (DESCO), the project also aims to establish a safeguards unit that covers environmental, social, and gender issues. Of the total, $750,000 worth of technical assistance grant will be funded by the Republic of Korea e-Asia Knowledge Partnership Fund, administered by ADB.

Source: https://today.thefinancialexpress.com.bd/last-page/160m-adb-loan-to-upgrade-power-network-in-dhaka-1704217242

Expatriate Bangladeshis sent home $1.98b remittance in December

Expatriate Bangladeshis sent home $1.98 billion in December 2023, marking a 2.59-percent increase in remittance inflows compared to the previous month. The inflow of remittance stood at $1.98 billion in December, which is the highest in a single month in the last six months of this fiscal, 2023-24. It was $1.93 billion in November, according to the latest Bangladesh Bank (BB) data. Besides, inward remittances also saw a 17.07 per cent hike in December year on year. The remittance earnings stood at $1.7 billion in December 2022. In the recently concluded calendar year, Bangladesh received a total of $21.82 billion from January to December 2023 in remittance, reflecting a modest year-on-year rise of 2.54 per cent.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/shaifur-rahman-new-managing-director-of-cse-1704128010

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 37,715.04
↑ 25.50↑ 0.07 %
FTSE100$ 7,721.52↓ 11.72↓ 0.15 %
Nikkei 225$ 33,464.17↓ 75.45↓ 0.22 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 70.21↓ 0.17↓ 0.24 %
Crude Oil (Brent)$ 75.74↓ 0.15↓ 0.20 %
Gold Spot$ 2,064.18↑ 5.22↑ 0.25 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
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.<




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