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 18, 2023

Economy improving, say two ministers

While Bangladesh Bank was seeing various challenges looming over the country’s economy, two ministers yesterday said the condition of the economy was improving. “Due to the ongoing global crisis, the foreign exchange reserves are under pressure for legitimate reasons but we have gradually managed to deal with it,” Planning Minister MA Mannan said. “The country seems to have handled the fluctuations of inflation well,” he said while delivering a speech at a meeting of the Executive Committee of the National Economic Council (Ecnec). In its latest policy statement, Bangladesh Bank said the near-term economic outlook seemed to be quite stable but was critically dependent on three external issues. A bumper yield of the current Aman season paddy and the abundance of winter vegetables in the market have played a major role in controlling inflation, according to Mannan. “We hope that the level of inflation will come down further in the near future,” said the minister.

Source: https://www.thedailystar.net/business/economy/news/economy-improving-say-two-ministers-3223971

BB raises rates on LTFF loans

Bangladesh Bank has raised the interest rate regarding Long Term Financing Facility (LTFF) under Financial Sector Support Project (FSSP). Foreign Exchange Policy Department of the central bank issued a circular to this effect on Monday. According to the circular, an indicative pricing range of 3.0 to 4.0 per cent would be applicable to the Participating Financial Institutions (PFIs) until further notice. With the enhancement, the following matrix will be applicable: the interest rates at 3.0 per cent, 3.25 per cent and 3.50 per cent will be applicable for banks having CAMELS Rating of 1 (One) for five, seven and ten years respectively. The rates for banks having CAMELS Rating of 2 (Two) will be 3.25 per cent 3.50 per cent and 3.75 per cent for five, seven and ten years respectively. On the other hand, the rates will be 3.50 per cent 3.75 per cent and 4.0 per cent for banks having CAMELS Rating of 3 (Three) for the same periods of time.The revised rates will come into effect from January 01, 2023, and will be applicable for all the existing loans of the LTFF, according to the circular.

Source: https://thefinancialexpress.com.bd/economy/bb-raises-rates-on-ltff-loans-1673938241

Meghna Bank gets new vice-chairman

Imrana Zaman Chowdhury, an entrepreneur, has been elected as vice-chairman of Meghna Bank. Chowdhury, a director of the bank, is also a director of Navana Pharmaceuticals and Lighthouse Navigation, a press release said. She completed her graduation in finance from the Independent University of Bangladesh. Mohammed Mamun Salam, an industrialist, has been elected as chairman of the bank’s executive committee. Salam is a sponsor director and member of the audit committee of the bank. She is also managing director of Salim & Brothers, Salam Apparel, Fashion Craft, Reliance Apparel, Reliance Denim Industries, Reliance Box Industries, Reliance Washing Industries and Four Seasons Resorts.

Source: https://www.thedailystar.net/business/economy/news/meghna-bank-gets-new-vice-chairman-3223911

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,910.85
↑ 391.76 ↑ 1.14%
FTSE100$ 7,851.03↓ 9.04 ↓ 0.12%
Nikkei 225$ 26,733.63 ↑ 594.95↑ 2.28%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 80.74↑ 0.56↑ 0.70%
Crude Oil (Brent)$ 86.45 ↑ 0.53↑ 0.62%
Gold Spot$ 1,897.97 ↓ 10.72↓ 0.56%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 104.4100
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