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 31, 2022

Apparel exports see nearly 14% growth in July

Bangladesh’s apparel exports have raked in around $2.78 billion with nearly 14% year-on-year growth in the first 27 days of July, while the sector is bracing for around 30% shortage of work orders in the coming months. The sector enjoyed a whopping 1,128% growth year-on-year in a single day during the period, but the shipment also witnessed zero export on 10 July, said sources at the Bangladesh Garment Manufacturers and Exporters Association (BGMEA). Industry leaders fear that if the global economy does not recover soon from the economic slowdown caused by the ongoing war between Russia and Ukraine, apparel exports may fail to achieve the last fiscal year’s record receipts amounting to $42.2 billion. The government has set a target to earn $46 billion through RMG exports in the current fiscal year. Bangladesh’s major export destinations – the United States and European countries – are now facing a 40-year high inflation. In FY22, readymade garment shipments amounted to $42.2 billion with about 35% year-on-year growth.

Source: https://www.tbsnews.net/economy/apparel-exports-see-nearly-14-growth-july-468230

Bata posts 16 times higher profit in Apr-Jun as Covid restrictions go

Bata Shoe Company (Bangladesh) Limited posted 16 times higher profit year-on-year in the April-June quarter of this year, due to good business during the Eid seasons. During the period, the company earned a net profit of Tk26.54 crore, up from Tk1.56 crore a year ago. In April-June this year, Bata’s revenue grew by 45% to Tk313.57 crore from Tk217 crore during the same period a year ago. At the end of the first half of this year, the company’s total revenue stood at Tk528.13 crore and net profit at Tk33.39 crore. Its earnings per share (EPS) was Tk19.41 for the second quarter of this year and Tk24.41 for the first half. Meanwhile, Bata had paid 25% final cash dividends for 2021 while it had already disbursed 75% interim cash dividends for the year. For the year, Bata shareholders in Bangladesh are getting Tk10 cash as dividends against each share having a face value of Tk10. At the end of June this year, Bata’s net asset value per share stood at Tk274.24, while its shares closed 0.85% lower at Tk923.50 on Thursday on the Dhaka Stock Exchange.

Source: https://www.tbsnews.net/economy/bata-posts-16-times-higher-profit-apr-jun-covid-restrictions-go-468154

Standard Bank wins ‘The Quality Choice Prize 2022’ from ESQR

The European Society for Quality Research (ESQR) has awarded Standard Bank Limited with “The Quality Choice Prize 2022” in Gold category. Managing Director & CEO of the bank Khondoker Rashed Maqsood received the award at the presentation ceremony of the award held at the AC Hotel by Marriott, Barcelona, Spain recently, with the attendance of representatives from 35 countries and 43 award-winning companies in the presence of the international business community.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/standard-bank-wins-the-quality-choice-prize-2022-from-esqr-1659196422

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 32,845.13
↑ 315.50↑ 0.97 %
FTSE100$ 7,423.43↑ 78.18↑ 1.06 %
Nikkei 225$ 27,801.64↓ 13.84↓ 0.05 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 98.62↑ 2.20↑ 2.28 %
Crude Oil (Brent)$ 103.97↑ 2.14↑ 2.10 %
Gold Spot$ 1,765.94↑ 10.10↑ 0.58 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 94.7000
GBP 1BDT 115.1552
EUR 1BDT 96.6508

*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