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 July 04, 2022

Export hits all-time high of $52b

Exports from Bangladesh hit an all-time high of $52.08 billion in the just-concluded fiscal year, giving much-needed breathing space to the country amid ongoing volatility in the foreign exchange regime, official figures showed yesterday. This is the first-time overseas sales went past the $50-billion mark, comfortably overshooting the target of $43.5 billion set for the fiscal year of 2021-22. In FY22, receipts were up 34.38 per cent compared to a year ago, when exporters brought home $38.76 billion, according to the Export Promotion Bureau (EPB). Alone in June, the shipment stood at $4.908 billion, up 37.19 per cent year-on-year, and the highest ever on record in a single month. The previous highest was registered in December last year when the earnings stood at $4.907 billion. As usual, apparel shipment, which accounts for about 85 per cent of the national earnings from international sources, was the biggest contributor to the highest export shipment. Garment shipment clocked 35.47 per cent year-on-year growth in FY22, netting $42.61 billion. Of the sum, $23.21 billion came from knitwear shipment, up 36.88 per cent. Woven garment shipment grew 33.82 per cent to $19.39 billion. Home textiles fetched $1.62 billion, an increase of 43.28 per cent from a year ago, as demand grew significantly since people still spend more time indoors than in the past as the coronavirus is yet to be eliminated.

Source: https://www.thedailystar.net/business/export/news/export-hits-all-time-high-52b-3063181

Remittances fall 15pc in FY22

Remittances slipped back into negative growth in fiscal year 2021-22 for the first time in the last six fiscal years as many remitters opted for the informal channels to send their money.  The inflow stood at $21.03 billion in FY22, a decrease of 15 per cent year-on-year, according to data from Bangladesh Bank. But the positive part is that last fiscal year’s inflow was higher than that of FY20 when the pandemic was largely absent. Migrant workers had remitted $18.2 billion during the period. Expatriate Bangladeshis sent a record $24.77 billion in FY21 when the hundi system, an illegal cross-boundary financial system to launder money, remained inoperative due to the pandemic. Some 8.77 lakh people went abroad for work in the first 11 months of FY22 in contrast to 2.31 lakh in the entire FY21.

Source: https://www.thedailystar.net/business/economy/news/remittances-fall-15pc-fy22-3063176

New AMD of EBL

Ahmed Shaheen has been promoted to Additional Managing Director of Eastern Bank Ltd (EBL). Prior to this, Shaheen had been serving as Deputy Managing Director and Head of Corporate Banking of EBL. He has over 29 years of professional exposure to Bangladesh banking industry. Shaheen started his career with IFIC Bank and served at different senior positions. He briefly served as Deputy Managing Director and Chief Business Officer at Prime Bank Ltd from April 1, 2015 to July 31, 2016 before rejoining EBL as Deputy Managing Director.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/new-amd-of-ebl-1656868200

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 31,097.26
↑ 321.83↑ 1.05 %
FTSE100$ 7,168.65↓ 0.63↓ 0.01 %
Nikkei 225$ 26,097.56↑ 161.94↑ 0.62 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 108.30↓ 0.13↓ 0.12 %
Crude Oil (Brent)$ 111.49↓ 0.14↓ 0.13 %
Gold Spot$ 1,811.81↑ 0.38↑ 0.02 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 93.4500
GBP 1BDT 113.0558
EUR 1BDT 97.4684

*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