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 19, 2022

Loan defaulters get a big break

Bangladesh Bank yesterday substantially relaxed the policy for rescheduling defaulted loans, allowing defaulters to repay term loans over a maximum period of eight years whereas it was previously two years. Defaulters will also be allowed to reschedule their non-performing loans (NPLs) four times whereas previously they could do so three times, according to a Bangladesh Bank notice. The BB said the new rules have been issued to keep the financial sector stable from the adverse impacts stemming from the long-lasting effects of the coronavirus pandemic and the prolonging Russia-Ukraine war. As per the new rules, defaulters who took term loans would be allowed to repay funds over a period of six years to eight years. In contrast, it was previously nine months to two years.

Source: https://www.thedailystar.net/business/economy/news/loan-defaulters-get-big-break-3073776

BD products to get duty-free access

Australia will continue to provide Bangladesh with duty-free access to its market even after the country’s graduation from the LDC category in view of the prospects of higher trade and investment flow. High Commissioner of Australia to Bangladesh Jeremy Bruer informed his government’s decision to BGMEA President Faruque Hassan during a courtesy meeting, as a BGMEA delegation visited the Australian High Commission on Sunday. Australia has emerged as a prospective destination for Bangladeshi ready-made garments in recent years, as shipments increased to US $812 million in the just ended financial year (FY 22), marking a 12 per cent growth over the previous FY, according to the Export Promotion Bureau (EPB). They sought cooperation of Australia in developing knowledge and skills of the students of BGMEA University of Fashion and Technology (BUFT) in textile, apparel, fashion, design and business through collaboration with leading Australian universities and fashion institutes.

Source: https://today.thefinancialexpress.com.bd/trade-market/bd-products-to-get-duty-free-access-1658162318

Oil price jumps

Oil prices extended gains on Monday, propped up by a weaker dollar and tight supplies that offset concerns about recession and the prospect of widespread Covid-19 lockdowns in China again reducing fuel demand. Brent crude futures for September settlement rose $2.44, or 2.4 per cent, to $103.60 a barrel by 0900 GMT, having advanced by 2.1 per cent on Friday. US West Texas Intermediate (WTI) crude futures for August delivery gained $2.17, or 2.2 per cent, to $99.76 after rising by 1.9 per cent in the previous session. Global markets are focused this week on the resumption of Russian gas flows to Europe via the Nord Stream 1 pipeline, which is scheduled to end maintenance on July 21.

Source: https://www.thedailystar.net/business/global-economy/news/oil-price-jumps-3073746

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 31,072.61
↓ 215.65↓ 0.69 %
FTSE100$ 7,223.24 ↑ 64.23 ↑ 0.90 %
Nikkei 225$ 26,969.84↑ 181.37↑ 0.68 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 102.32↓ 0.28↓ 0.27 %
Crude Oil (Brent)$ 105.82↓ 0.45↓ 0.42 %
Gold Spot$ 1,709.26↑ 0.04↑ 0.00 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 93.9500
GBP 1BDT 111.3871
EUR 1BDT 94.8049

*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