$

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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Daily Business News Flash June 13, 2023

Universal pension from July, monthly contribution Tk500-5000

The government is set to launch the universal pension scheme nationwide in July, with individual contributions ranging from a minimum of Tk500 to a maximum of Tk5,000 per month. Individuals aged above 50 will also be able to join the scheme, but to be eligible for the pension, they will need to make contributions for 10 years, according to finance ministry officials. The scheme will initially target four categories – private sector employees, non-resident Bangladeshis, individuals from the informal sector, and insolvent individuals. According to the officials, individuals living below the poverty line will be classified as insolvent and the finance ministry is currently analysing the methods for identifying them. Government beneficiaries who are very poor may also be included in this category. And their monthly contribution is likely to be set at Tk500. The monthly contribution for private sector employees is likely to be set from a minimum of Tk1,000 to a maximum of Tk5,000.

Source: https://www.tbsnews.net/economy/universal-pension-july-monthly-contribution-tk500-5000-648746

Country’s export earnings to rise by $70b in FY24

Commerce Minister Tipu Munshi on Monday said the country’s export earnings most hopefully will be increased to $70 billion in the next year. The government has formulated a series of import policies aiming to strengthen the position of the country for bringing mobility in export under competitive global trade, the minister said while responding to a question tabled by treasury bench lawmaker Morshed Alam of Noakhali-2 in parliament. To promote the export trade, Tipu Munshi said the government has encouraged the establishment of labour intensive industries. Even the national export trophy 2018-19 has been provided to encourage the exporters. The government has developed the Export Development Fund (EDF) to $7 billion aiming to facilitate procurement of raw materials for the exporters.

 Source: https://www.tbsnews.net/economy/countrys-export-earnings-rise-70b-fy24-648718

Dutch-Bangla Bank gets new chairman

Sadia Rayen Ahmed was elected the Chairman of Dutch-Bangla Bank Ltd. at the 267th meeting of the Board of Directors of the bank on Monday. She succeeds Sayem Ahmed, says a press release. Sadia Rayen Ahmed has been serving as a Director of the bank since June 14, 2022. She has business experience since 2012 as the Deputy Managing Director (Finance) of various textile spinning mills with monthly export of $80 million. She completed her education from the American International School in Dhaka, Branksome Hall, Canada and the University of Toronto, St. George, Canada.

 Source: https://today.thefinancialexpress.com.bd/trade-market/dutch-bangla-bank-gets-new-chairman-1686591645

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,066.33
↑ 189.55↑ 0.56 %
FTSE100$ 7,570.69↑ 8.33↑ 0.11 %
Nikkei 225$ 33,055.04↑ 621.04↑ 1.91 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 67.47↑ 0.35↑ 0.52 %
Crude Oil (Brent)$ 72.32↑ 0.48↑ 0.67 %
Gold Spot$ 1,960.98↑ 3.14↑ 0.16 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
CurrencyLowestHighest
USD 1BDT 108.7000
BDT 108.7000

*World Commodities & Local and Global Stock Indices data are taken from bloomberg.com<

* Exchange Rates are taken from BB website, as on latest update.<

AN IMPORTANT MESSAGE FROM

EMRANUL HUQ

MANAGING DIRECTOR & CEO OF DHAKA BANK LIMITED

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.

YOUR SAFETY MEANS EVERYTHING TO US
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.

WE WILL TAKE CARE OF YOUR BANKING NEEDS
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.

GET IN TOUCH IF YOU ARE IN EXTREME EMERGENCY
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.

WE WILL FREQUENTLY UPDATE YOU
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

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