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 June 11, 2023

World Bank keeps Bangladesh GDP growth unchanged at 5.2% in FY23

The World Bank, in its latest June edition of Global Economic Prospects, has kept Bangladesh’s gross domestic product (GDP) growth unchanged at 5.2% in the current fiscal year. In Bangladesh, elevated inflation, policy uncertainty, and weakening external demand are expected to slow growth to 5.2% in FY23 from 7.1% in the previous fiscal year. Gains in market share in key export markets are expected to sustain export growth, offsetting the effects of weaker growth in advanced economies. Growth is projected to accelerate to 6.2% in FY24 as inflationary pressures ease, reform implementation accelerates, and transportation and energy infrastructure megaprojects are completed. Global growth is projected to decelerate from 3.1% in 2022 to 2.1% in 2023. In emerging markets and developing economies other than China, growth is set to slow to 2.9% this year from 4.1% last year. These forecasts reflect broad-based downgrades.

Source: https://www.tbsnews.net/economy/world-bank-keeps-bangladesh-gdp-growth-unchanged-52-fy23-647014

Credit card spending by Bangladeshis travelling abroad rises 32% in March

Bangladeshis travelling abroad spent around Tk426 crore, equivalent to $40 million, in March to buy goods and services, which is 32% more than in February. According to a report by the Bangladesh Bank, credit cards issued by 43 Bangladeshi banks were used in various countries for buying products from department stores, pharmacies, clothing outlets and transportation in March. In February, this expenditure was around Tk313 crore or $29 million. An analysis of the credit card spending pattern reveals that about 77% of these transactions took place using VISA cards, 13% using MasterCard, and 9% using American Express cards.

Source: https://www.tbsnews.net/economy/credit-card-spending-bangladeshis-travelling-abroad-rises-32-march-646582

Bangladesh gets $858m World Bank loan for climate resilient agri, road safety

Bangladesh and the World Bank yesterday signed two financing agreements totalling $858 million to enhance climate-resilient agricultural growth, food security, and improve road safety. The credits are from the World Bank’s International Development Association (IDA) and have a 30-year term, including a five-year grace period. The $500 million Programme on Agricultural and Rural Transformation for Nutrition, Entrepreneurship, and Resilience (PARTNER) will help transform the agriculture sector by promoting crop diversification, food safety, and climate resilience across agri-food systems of Bangladesh. Bangladesh currently has the largest ongoing IDA programme totalling $16.3 billion. The World Bank was among the first development partners to support Bangladesh and has committed about $40 billion in grants, interest-free and concessional credits to the country since its independence.

Source: https://www.tbsnews.net/economy/bangladesh-receives-858million-world-bank-improve-climate-resilient-agriculture-growth-and

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,876.78
↑ 43.17↑ 0.13 %
FTSE100$ 7,562.36↓ 37.38↓ 0.49 %
Nikkei 225$ 32,265.17↑ 623.90↑ 1.97 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 70.17↓ 1.12↓ 1.57 %
Crude Oil (Brent)$ 74.79↓ 1.17↓ 1.54 %
Gold Spot$ 1,961.19↓ 4.27↓ 0.22 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 108.4600
BDT 108.5100

*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