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 29, 2024

Government eyes $2b export earnings from jute products in 2-3 years

Textiles and Jute Minister Jahangir Kabir Nanak has said the government eyes to increase yearly export earnings from jute and jute goods to $2.0 billion within next two-three years. Every year, Bangladesh exports on an average jute and jute goods worth $1.0 billion. We want to double the export earnings within the next 2-3 years. We will formulate and implement work-plans as per the goal. Ambiente Fair, held annually in Frankfurt Main, Germany, has earned worldwide recognition as the premier international trade fair for consumer goods since its inception in 1967. With its rich history and global reach, Ambiente serves as a vital platform for showcasing the latest trends, innovations, and emerging brands in the consumer goods sector, spanning dining, living, and giving segments. Ambiente 2024, taking place from January 26 to 30, 2024, has attracted over 150,000 visitors from around the globe, making it a hub for networking and business opportunities. This year, more than 4,500 exhibitors are presenting their products, with nearly 50 companies from Bangladesh participating under various schemes, including Export Promotion Bureau (EPB) and CBI.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/govt-eyes-2b-export-earnings-from-jute-products-in-2-3-yrs-1706463759

Virtual apparel marketplaces have potential for additional $500m exports

Bangladesh has the potential to achieve another $500 million in apparel exports to the US, the European Union, and African region through virtual marketplaces by 2027. Bangladesh also has the potential to export $308 million to these markets through a virtual marketplace by 2026. Bangladesh can gain 0.20% of the USA, 0.10% of the EU, and 0.75% of the African virtual apparel markets, whose worth will be $489 million by 2027. In the fiscal 2022-23, Bangladesh exported garment items worth $46.99 billion, according to data from the Export Promotion Bureau.

Source: https://www.tbsnews.net/economy/rmg/virtual-apparel-marketplaces-have-potential-additional-500m-exports-study-781590

E-com transactions thru cards on rise

E-commerce transactions through cards in the country have continued to increase in recent months, indicating a growing preference among consumers for online shopping. This trend reflects people’s inclination towards purchasing items online due to its convenience and affordability as it saves time and offers competitive prices. According to the data released by the Bangladesh Bank, card-based online purchases marked a 2.29-percent increase in November 2023 compared to that in the previous month. In November, consumers spent more than Tk 16.22 billion on various products and services, up from over Tk 15.85 billion in October. The data also reveals that consumers spent over Tk 14.48 billion on different products and services in September. In August, they spent Tk 14.80 billion on products and services, surpassing July’s spending of Tk 14.26 billion.

Source: https://today.thefinancialexpress.com.bd/last-page/e-com-transactions-thru-cards-on-rise-1706465236

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 38,109.43
↑ 60.30↑ 0.16 %
FTSE100$ 7,635.09↑ 105.36↑ 1.40 %
Nikkei 225$ 36,100.09↑ 349.02↑ 0.98 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 78.46↑ 0.45↑ 0.58 %
Crude Oil (Brent)$ 84.01↑ 0.46↑ 0.55 %
Gold Spot$ 2,027.01↑ 8.49↑ 0.42 %

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