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 13, 2022

Economy to grow 6.9pc next fiscal year: WB

Bangladesh’s economy is projected to grow 6.9 per cent in fiscal year 2022-23 thanks to strong export growth and a rebound in domestic demand, the World Bank (WB) said in its Global Economic Prospects released on Tuesday. The multilateral lender forecasted that gross domestic product (GDP) would expand 6.4 per cent in the current fiscal year of 2021-22, up 1.3 percentage points from its June projection of 5.1 per cent for the fiscal. For the next fiscal year 2022-23, it raised the forecast for Bangladesh by 0.7 percentage points from 6.2 per cent. It said output in South Asia is projected to expand by 7.6 per cent in 2022, accelerating from 7 per cent the previous year, as Covid-19 vaccination progresses and contact-intensive sectors recover. The WB, however, said following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid fresh threats from Covid-19 variants and a rise in inflation, debt, and income inequality that could endanger the recovery in emerging and developing economies.

Source: https://www.thedailystar.net/business/economy/news/economy-grow-69pc-next-fiscal-year-wb-2938251

Govt aims high on circular economy to export $80b by 2024

Bangladesh will have to boost exports by 76% in FY22, FY23 and FY24, to achieve the target. The government now looks to create a circular economy by developing backward and forward linkages with incentives and policy support as well as encouraging domestic and foreign investments in deemed exports – all for reaching a target of $80 billion in export earnings by FY24, which was 57% higher than the current fiscal year’s expected amount. The Cabinet Committee on Economic Affairs in a meeting gave its seal of approval to the draft of “Export Policy 2021-2024” on Wednesday, setting the new target, which will come into effect after approval from the Cabinet Division. Bangladesh will have to boost exports by 76% in FY22, FY23 and FY24, to achieve the target. The 2018-21 export policy had targeted a $60 billion in exports but fell short of it by 25% owing to the pandemic onslaughts. In FY21, Bangladesh exported products and services to the tune of $45.39 billion.

Source: https://www.tbsnews.net/economy/govt-aims-high-circular-economy-export-80b-2024-356674

Mr. Ferdous Ali Khan new vice chairman of Standard Bank

Mr. Ferdous Ali Khan has been elected as the Vice Chairman of the Board of Directors of Standard Bank Limited in its 351st meeting held recently. A pioneer in the tailoring industry, Mr. Khan is the founder of country’s renowned tailoring brand “Ferdous Tailors & Fabrics”. He is a member of Uttara Club Ltd, Army Golf Club and BCI, Dhaka.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/mr-ferdous-ali-khan-new-vice-chairman-of-standard-bank-1642001111

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 36,290.32
↑ 38.30↑ 0.11 %
FTSE100$ 7,551.72↑ 60.35↑ 0.81 %
Nikkei 225$ 28,494.60↓ 271.06↓ 0.96 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 82.48 ↓ 0.16↓ 0.19 %
Crude Oil (Brent)$ 84.49↓ 0.18↓ 0.21 %
Gold Spot$ 1,825.57↓ 0.58↓ 0.03 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 86.00
GBP 1BDT 117.2782
EUR 1BDT 97.7648





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