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 24, 2023

Gold price hits all-time high of Tk100,777 per bhori

The price of top-quality gold has reached an all-time high of Tk100,777 per bhori following an increase of Tk2,333. The Bangladesh Jeweller’s Association (BAJUS) in a press release on Thursday said the adjustment followed a price hike in the local bullion market. With the new rates, 22-carat gold will cost Tk100,777 lakh per bhori, 21-carat gold will cost Tk96,228 per bhori and 18-carat gold will cost Tk82,464 per bhori. Besides, the gold price of the traditional method rose to Tk68,701 per bhori.

Source: https://www.tbsnews.net/markets/gold-price-hits-all-time-high-tk178-lakh-bhori-668794

Foreign direct investment on dive

Foreign direct investment in Bangladesh seems on a dive as the net FDI inflow marked about 30-percent annualized fall in the first quarter of this year, under lingering shadows of global economic upset. Latest statistics available with the central bank show the ebb tide in flow of foreign capital into the country, acting as one of major factors for its deficit in financial account. Among the other reasons the country sees prolonged balance-of-payments (BoP) shortfall are below-par remittance and export receipts, according to finance officials and economists. The unhappy development in the area of inbound overseas investment comes at a time when the 450-billion-plus economy is passing tough times amid forex dearth in the wake of the country’s falling foreign-currency reserves. In the January-March period of 2023, the FDI-starved Bangladesh received net inflow of overseas investment equivalent to US$ 626.47 million, down 29.49 per cent from US$ 888.48 million recorded in the same period of time a year before. According to the BB data, the gross volume of forex reserves remained on a slide, amounting to $29.85 billion as of July 19, 2023 by official count, but the net volume of reserves under the IMF’s BPM6 manual is equivalent to $23.45 billion.

Source: https://today.thefinancialexpress.com.bd/first-page/foreign-direct-investment-on-dive-1690134376

 BD, Japan ink three MoUs on trade

Bangladesh and Japan inked three memorandum of understandings (MoUs) to enhance bilateral trade and investment between the two countries. The MoUs were signed at a daylong summit on “Bangladesh-Japan economic relations for the next 50 years: for the industry upgradation of Bangladesh” held at a hotel in the city on Sunday. The Japan External Trade Organisation (JETRO), Bangladesh Investment Development Authority (BIDA), and the Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) jointly organised the summit.

Source: https://today.thefinancialexpress.com.bd/trade-market/bd-japan-ink-three-mous-on-trade-1690132427

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 35,227.69
↑ 2.51↑ 0.01 %
FTSE100$ 7,663.73↑ 17.68↑ 0.23 %
Nikkei 225$ 32,701.65↑ 397.40↑ 1.23 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 76.92↓ 0.15↓ 0.19 %
Crude Oil (Brent)$ 80.92↓ 0.15↓ 0.19 %
Gold Spot$ 1,960.57↓ 1.37↓ 0.07 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 108.6600
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