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 12, 2023

Mohammad Ali becomes Pubali Bank MD, CEO

Mohammad Ali has been appointed as managing director and chief executive officer of Pubali Bank Limited by its board of directors, said a press release. Prior to joining as MD and CEO, he held position of additional managing director and chief operating officer of the bank since July 1, 2020. He joined Pubali Bank as general manager and chief technical officer in 2008. Later, he was promoted to deputy managing director of the Bank. He also served as credit committee chairman along with chief risk officer, CAMLCO and CTO of the bank. 

Source: https://www.newagebd.net/article/191452/mohammad-ali-becomes-pubali-bank-md-ceo

Worker outflow hits record high but remittance falls

Bangladesh sent the highest number of migrant workers in its history in 2022 thanks to a surge in demand for labourers in the Middle Eastern countries but remittance receipts did not go up proportionately.  More than 11.35 lakh Bangladeshis left the country for jobs abroad last year, nearly doubling from 6.17 lakh migrant workers who flew abroad the previous year, data released by the Bureau of Manpower Employment and Training (BMET) showed. Despite the surge, the country did not see a higher inflow of remittances, the cheapest source of foreign currencies for Bangladesh, and a vital source of household income for the lower-income groups in the country. Rather, money transferred by workers through the official channel dropped 6.65 per cent to $21.28 billion in 2022 from $22 billion a year earlier. The discrepancy – a record outflow of migrant workers and a fall in remittance inflow – comes at a time when Bangladesh faces a dollar crisis to pay for higher trade costs. Analysts and recruiting agents blame the growing use of informal channels, also known as hundi, by migrant workers for the decline in remittances.

Source: https://www.thedailystar.net/business/economy/news/worker-outflow-hits-record-high-remittance-falls-3218836

Dhaka stocks gain for 2nd day, turnover tops Tk 500cr

Dhaka stocks gained for the second day on Wednesday, while the turnover topped Tk 500 crore as a section of investors went for buying shares, but many others remained cautious on the trading floor amid economic worries, said market operators. DSEX, the key index of the Dhaka Stock Exchange, added 4.24 points, or 0.06 per cent, to close at 6,209.52 points on the day after gaining 13.73 points in the previous session. Market operators said that the market returned to the green territory since recent corrections on the market created investment opportunities for bargain hunters who perceived some sector-specific issues trading at a lucrative price level. However, a group of investors remained concerned about their investments amid economic and other market-related issues, including floor price withdrawal from a number of companies, they said. The Dhaka bourse observed a substantial increase in participation while the total turnover rose to Tk 532.41 crore, nearly one-month higher on the day, in which around 20 per cent or Tk 108.24 crore came from block transactions, they said. The Bangladesh Securities and Exchange Commission on July 28, 2022 imposed floor prices on all companies to prevent share prices of the companies from falling beyond a certain level amid economic worries.

Source: https://www.newagebd.net/article/191419/dhaka-stocks-gain-for-2nd-day-turnover-tops-tk-500cr

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,973.01
↑ 268.91 ↑ 0.80%
FTSE100$ 7,724.98↑ 30.49 ↑ 0.40%
Nikkei 225$ 26,460.90 ↑ 14.90↑ 0.06%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 77.46 ↑ 0.05↑ 0.06%
Crude Oil (Brent)$ 82.73 ↑ 0.06↑ 0.07%
Gold Spot$ 1,884.79↑ 9.10↑ 0.49%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 107.0000
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