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 27, 2022

Economy showing signs of a turnaround.

Although uncertainty prevails over the country’s economy with regard to both global and domestic contexts, Finance Minister AHM Mustafa Kamal yesterday portrayed a rosy picture of it in parliament. Presenting a report on the implementation progress of the national budget for 2021-22 in the fiscal year’s first quarter from July to September, Kamal said despite the pandemic’s effects, the country’s macroeconomy has started to turn around.

He hoped that the 7.2 per cent growth target for gross domestic product (GDP) would be achieved this fiscal year. Hoping to keep the inflation rate within 5.3 per cent, the minister said the monetary policy has been formulated keeping these targets in mind. The finance minister hoped that the country’s per capita income would increase to $2,785 in the current fiscal year of 2021-22. In 2020-21, per capita income stood at $2,227. Due to the sincerity and efforts of the pro-poor government, both the poverty and extreme poverty rates have come down to 20.5 per cent and 10.5 per cent respectively in 2020, said Kamal. He informed that remittance inflow in the country was at $5.41 billion in the first quarter of the fiscal year, which was 19.44 per cent less than that in the same period of the previous fiscal year.

Mentioning that labour export had resumed, including to the main market of Saudi Arabia, he hoped that remittance inflow at the end of the current fiscal year would reach levels similar to that of the previous year.  As a whole, all the indicators of the macroeconomy including growth in GDP, per capita income as well as export are in the positive mode in the first quarter of the current fiscal year, said the minister.

Source: https://www.thedailystar.net/business/economy/news/economy-showing-signs-turnaround-2948171

BGMEA president calls for factory-based skill dev training.

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Faruque Hassan has urged all BGMEA members to arrange in-house training for both workers and supervisors in order to strengthen the future of the ever-growing RMG industry. “I believe a dedicated initiative by each of our factories to train workers will actually complement the whole industry,” he wrote in a letter sent to the BGMEA members recently. 

“Many new technologies are coming which can make the production process faster, leaner and simpler. Technology evolution and the urge to be more efficient and adaptive to 4IR require more effort in skills development. Therefore, we need to re-skill and up-skill our human resources to prepare for the next big challenges, he added. In collaboration with the government, other stakeholders and the development partners of BGMEA, the organization reportedly is engaged in a number of skill development programs for existing and new workers, including the establishment of the “Centre for Innovation, Efficiency and OSH”. These efforts are expected to facilitate automation, 3D designing, innovation, using the best industrial engineering process and practices, and inspire modular processes.

The president also noted that the number of LEED-certified RMG factories has increased to 157 now, of which 47 are platinum and 96 are gold rated. “We all know how difficult this has been to cope up with the impact, starting from cancellation of orders, discounts, deferred payment, non-payment, buyer’s bankruptcy, forced loan and so on. Yet the morale was kept high, and the industry proved its resilience through all the sacrifices our entrepreneurs have made.”

Source: https://www.tbsnews.net/economy/rmg/bgmea-president-calls-factory-based-skill-dev-training-362854

DSE launches project to go paperless

The Dhaka Stock Exchange (DSE) has initiated a project as part of its efforts to go paperless in order to reduce hassles and cut the expenses for the bourse and its stakeholders. The project will cost Tk 47 lakh, and the premier exchange of Bangladesh will receive service from Indian business solution provider Addteq under the initiative. “The DSE is digitised but not digitalised, so we are now working to do that. Making the bourse paperless is aligned with it,” said Tarique Amin Bhuiyan, managing director of the DSE, at the launching event at the exchange in the capital. “We are going to be paperless eventually. Now, it has started and I hope the full paperless activities will be seen within the current year.” Thanks to the paperless initiative, anyone will be able to work from remote locations, and the works for the DSE and its stakeholders will be easy, hassle-free and time-saving, Bhuiyan added. DSE Chairman Md Eunusur Rahman said he heard that the DSE was 100 per cent automated, but in reality, it was not.

Source: https://www.thedailystar.net/business/economy/stock/news/dse-launches-project-go-paperless-2948176

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,168.09
↓ 129.64↓ 0.38 %
FTSE100$ 7,469.78↑ 98.32↑ 1.33 %
Nikkei 225$ 26,160.40↓ 850.93↓ 3.15 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 86.49 ↓ 0.86↓ 0.98 %
Crude Oil (Brent)$ 89.13↓ 0.83↓ 0.92 %
Gold Spot$ 1,816.09↓ 3.50↓ 0.19 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 86.00
GBP 1BDT 116.1000
EUR 1BDT 97.2058





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