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 20, 2023

Formal remittance outflow stood at $137m in 2022

Foreigners working in Bangladesh sent home $137 million in 2022, World Bank data showed although analysts believe the exact figure would be much higher since many people from other nations are employed in the country without valid permits. The outflow was up 37 per cent from a year ago when it stood at $100 million, according to the new estimate of the Global Knowledge Partnership on Migration and Development (KNOMAD), an initiative of the Washington-based lender. One of them is the Bangladesh Investment Development Authority, which approved 15,128 applications seeking work permits in 2021-22, up 87.32 per cent from the previous year. The applicants came from 106 countries. The permits are for foreign nationals who are engaged in Bida-registered industrial projects, commercial offices, and other organisations. In 2020, the Transparency International Bangladesh (TIB) said an estimated $3.1 billion was siphoned away every year by foreign nationals employed in the country.

Source: https://www.thedailystar.net/business/economy/news/formal-remittance-outflow-stood-137m-2022-3373736

 BEZA inks deals with two firms to allot land at Bangabandhu Shilpa Nagar

Two companies, with a total investment of around US$42 million, signed land allotment agreements with Bangladesh Economic Zones Authority (BEZA) to build factories in the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) for manufacturing ceramics and textile chemicals, reports BSS. The companies are X Ceramics Limited and Dysin Advanced Materials Limited. They will set up their factories on 30 acres of land. BEZA Executive Member (Investment Development) Md Mozibor Rahman, Managing Director of the X Ceramics Limited Mahin Bin Mazher and Managing Director of the Dysin Advanced Materials Mohammad Amanur Rahman inked the agreements on behalf of their respective sides at a function at BEZA conference room in the city on Wednesday. X Ceramics Limited will build a ceramics factory on 20 acres of land in BSMSN with an investment of $29 million. This factory will employ 1,500 people. The other company Dysin Advanced Materials Limited will invest $13 million on 10 acres of land to build a textile chemical factory.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/beza-inks-deals-with-two-firms-to-allot-land-at-bangabandhu-shilpa-nagar-1689788583

 First ‘Best of Bangladesh’ expo in Europe on 4-5 September

The first ever “Best of Bangladesh” exposition – exhibiting only Bangladeshi products in Europe – will be held on 4-5 September in Amsterdam, Netherlands. The event to be organised by the Bangladesh Apparel Exchange with the support of the Bangladesh Embassy in the Netherlands aims to open the doors for Europe to experience what the best of Bangladeshi industries has to offer. A total of 40 Bangladeshi companies – the best from the country’s apparel, textile, leather, agro, jute, handicrafts, pharmaceutical, light engineering, digital industry, fast-moving consumer goods, and bicycle sectors – will showcase their sustainable and innovative products in the exposition. 

Source: https://www.tbsnews.net/economy/rmg/first-best-bangladesh-expo-europe-4-5-sep-668302

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 35,061.21
↑ 109.28↑ 0.31 %
FTSE100$ 7,588.20↑ 134.51↑ 1.80 %
Nikkei 225$ 32,559.16↓ 336.87↓ 1.02 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 75.44↑ 0.09↑ 0.12 %
Crude Oil (Brent)$ 79.55↑ 0.09↑ 0.11 %
Gold Spot$ 1,984.45↑ 7.81↑ 0.40 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 109.0000
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