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 10, 2023

BD posts $3.48b FDI inflow in 2022, up by 20.16pc

Foreign direct investment (FDI) in Bangladesh rose by 20.16 per cent to $3.48 billion in 2022, according to a report of a UN agency. In 2021, the FDI flows were US$2.89 billion. Outward FDI from Bangladesh, however, declined by 42.7 per cent to US$ 53 million in 2022 against $92 million in 2021, according to the ‘World Investment Report 2023’ of the United Nations Conference on Trade and Development (UNCTAD) published on July 5. In South Asia, FDI flows to India rose by 10 per cent to $49 billion as the country became the third-largest host country in terms of green field project announcements and the second-largest for international project finance deals. FDI in Bangladesh grew by 20 per cent to $3.5 billion. The top five FDI recipient countries are Ethiopia, Cambodia, Bangladesh, Senegal and Mozambique, accounting for about 70 per cent of the total. FDI in developing countries in Asia remained flat at $662 billion in 2022, about half of global inflows. Inflows were highly concentrated in five economies–China, Singapore, Hong Kong (China), India and the United Arab Emirates and in that order accounted for almost 80 per cent of FDI in the region. Inflows to China rose by 5 per cent to $189 billion, mainly in manufacturing and high-tech industries and mostly from European multinational enterprises (MNEs). Flows to Hong Kong (China) fell by 16 per cent to $118 billion. Singapore registered another record as the inflow was up 8.0 per cent to $141 billion. The report shows that global FDI declined by 12 per cent in 2022 to $1.3 trillion, after a strong rebound in 2021 following the steep drop induced by COVID-19 in 2020.

Source: https://today.thefinancialexpress.com.bd/last-page/bd-posts-348b-fdi-inflow-in-2022-up-by-2016pc-1688924420

Ceramics export rises to four-year high in FY23

Bangladesh’s exports of ceramic products rose to a four-year high in the just-concluded fiscal year although the growth slowed as manufacturers failed to deliver products on time owing to the shortage of gas. The industry fetched $43.39 million from the shipment of ceramic products in 2022-23, up 4.91 per cent year-on-year, according to the Export Promotion Bureau. The export grew 32.95 per cent in 2021-22 and 11.23 per cent in 2020-21. The receipts in FY23 were way lower than the $68.97 million exporters brought home in 2018-19, the year before the pandemic struck the country.

Source: https://www.thedailystar.net/business/economy/news/ceramics-export-rises-four-year-high-fy23-3365206

Monthly mobile top-up thru MFS tops Tk 1,000cr for first time

Customers are increasingly opting for mobile financial services to top up balances, helping mobile carriers earn more than Tk 1,000 crore a month for the first time from the sales processed through MFS providers. Mobile phone recharging through MFS providers rose 7.69 per cent to Tk 1,017 crore in April from a month ago, data from the Bangladesh Bank showed. The growth was about 30 per cent year-on-year. The amount stood at around Tk 375 crore five years back. In Bangladesh, mobile top-up through digital means has risen sharply in recent years on the back of a surge in MFS users and debit and credit card users.

Source: https://www.thedailystar.net/business/economy/news/monthly-mobile-top-thru-mfs-tops-tk-1000cr-first-time-3365196

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,734.88
↓ 187.38↓ 0.55 %
FTSE100$ 7,256.94↓ 23.56↓ 0.32 %
Nikkei 225$ 32,120.76↓ 267.66↓ 0.83 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 73.34↓ 0.52↓ 0.70 %
Crude Oil (Brent)$ 77.95↓ 0.52↓ 0.66 %
Gold Spot$ 1,923.02↓ 2.03↓ 0.11 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 108.5000
BDT 109.0000

*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