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 27, 2023

Remittances stagnate despite record manpower export in FY23

Bangladesh has achieved a remarkable milestone in its manpower export during the immediate past fiscal 2022-23, sending a record 11.37 lakh workers abroad. The number surpasses the target by more than 40% and represents a substantial 15% increase compared to the previous year, according to data from the Bureau of Manpower, Employment, and Training. Despite this impressive performance in exporting manpower, the inflow of remittances has not seen a corresponding increase. Remittances only grew by a modest 2.75%, reaching a total of $21.61 billion. The amount is nearly 13% lower than remittances received two years ago despite the government’s incentive of 2.5%. In 2021, the number of skilled workers was 21.33% of the country’s total labour migration, which came down to 17.76% in 2022. However, there was no significant change in the number of semi-skilled workers, which was 3.26% in 2022 and 3.28% in 2021.

Source: https://www.tbsnews.net/economy/remittances-stagnate-despite-record-manpower-export-fy23-671646

MJL Bangladesh has entered into $75m deal for largest-ever oil tanker

MJL Bangladesh has entered into a contract with South Korea’s DH Shipbuilding to acquire a third-generation oil tanker for $75 million, equivalent to approximately Tk800 crore. The deal was officially signed on 20 July, with plans to launch the vessel into the water during the first quarter of 2026, according to Azam J Chowdhury, managing director of MJL Bangladesh. The new oil tanker will be LNG-ready and boast an impressive capacity of 115,000 deadweight tonnes (DWT), making it the largest ship to carry the Bangladesh flag. According to the Bangladesh Ocean Going Ship Owners Association, there are over 60 ocean-going ships with Bangladeshi flags, but none of them have a capacity of 115,000 DWT.

Source: https://www.tbsnews.net/economy/mjl-bangladesh-strikes-75m-deal-largest-ever-oil-tanker-672142

 Dhaka, Chittagong stocks rise

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), gained 12 points, or 0.19 per cent, to 6,345 at 12:05 pm. Turnover stood at Tk 358 crore. Of the securities, 112 advanced, 43 declined and 153 remained unchanged. The Caspi, the all-share price index of the Chittagong Stock Exchange, rose 28 points, or 0.15 per cent, to 18,738. Of the issues, 65 rose, 21 retreated, and 36 saw no price movement. Turnover of the port city bourse stood at Tk 4.4 crore at 12:05 pm.

Source: https://www.thedailystar.net/business/economy/stock/news/dhaka-chittagong-stocks-rise-3379901

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 35,520.12
↑ 82.05↑ 0.23 %
FTSE100$ 7,698.82↑ 21.93↑ 0.29 %
Nikkei 225$ 32,891.16↑ 222.82↑ 0.68 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 79.71↑ 0.93↑ 1.18 %
Crude Oil (Brent)$ 83.72↑ 0.80↑ 0.96 %
Gold Spot$ 1,974.92↑ 2.85↑ 0.14 %

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