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 20, 2022

Price rises push inflation to 8-yr high at 7.42pc

Price rises pushed up inflation to a record-high 7.42 per cent in Bangladesh by official count, overshooting government estimation amid market volatility globally and locally. Economists suggest contingency planning for possible crisis management as the rate of point-to-point inflation, as of May, hit the highest level in eight years as revealed in the official statistics released Sunday. Eight years ago in May 2014, the month-on-month inflation was recorded at a new peak of 7.48 per cent, the Bangladesh Bureau of Statistics (BBS) data showed. A record-high consumer price index (CPI), recorded at 8.30 per cent last month, built up massive inflationary pressure on food items, according to the BBS data. However, the rate of inflation on account of food declined a bit to 6.08 per cent in the past month, the national statistical body showed. Meanwhile, the rate of the point-to-point inflation in the previous month of April was 6.29 per cent. Besides, the CPI pressure in May last year (2021) was comparatively cool as it was recorded at 5.26 per cent.

Source: https://today.thefinancialexpress.com.bd/first-page/price-rises-push-inflation-to-8-yr-high-at-742pc-1655661509

City Bank perpetual bond makes debut today

Trading of The City Bank Perpetual Bond will commence on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) today (Monday) under the settlement category ‘N’. Perpetual bonds are fixed income securities with no maturity date and they are often considered a type of equity rather than debt. These types of bonds are not redeemable; instead provide a never-ending stream of interest payments. Currently, six perpetual bonds are listed with the stock market and the City Bank Perpetual Bond is the seventh listed perpetual bond. The stock market regulator — Bangladesh Securities and Exchange Commission (BSEC)– on June 23, 2020 accorded its consent to The City Bank for raising additional Tier-l capital through issuance of perpetual bond worth Tk 4.0 billion.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/city-bank-perpetual-bond-makes-debut-today-1655656276

Citizens Bank PLC entered into an agreement with DBBL

Citizens Bank PLC (CZB) has entered into an agreement with Dutch Bangla Bank Limited (DBBL) for sharing the services of Rocket, a mobile financial services platform of the latter. Mohammad Iqbal, SEVP & Head of Business, and Md Rezaul Karim, EVP & Head of Mobile Banking Division, signed the agreement on behalf of their respective organisations in presence of Mohammad Masoom, Managing Director & CEO, Citizens Bank PLC, and Md Shahadat Hossain, Deputy Managing Director, Dutch Bangla Bank Ltd.

Source: https://today.thefinancialexpress.com.bd/trade-market/citizens-bank-plc-entered-into-an-agreement-with-dbbl-1655658484

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 29,888.78
↓ 38.29↓ 0.13 %
FTSE100$ 7,016.25↓ 28.73↓ 0.41 %
Nikkei 225$ 25,658.12↓ 304.88↓ 1.17 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 109.14↓ 0.42 ↓ 0.38 %
Crude Oil (Brent)$ 112.89↓ 0.23↓ 0.20 %
Gold Spot$ 1,844.99↑ 5.60↑ 0.30 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 92.8375
GBP 1BDT 113.5277
EUR 1BDT 97.5111

*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