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

Click to Close

Rate last updated: 02/01/2014 11:15:04 AM

Daily Business News Flash June 28, 2022

World Bank to give Bangladesh $18b IDA loans in next five years

Inflows of foreign assistance will continue to go up, with Bangladesh receiving $18 billion from the World Bank’s soft loan window International Development Association (IDA) alone in the next five years. The Washington-based lender will provide the country with fresh loans amounting to $10 billion – $2 billion a year – during the time and will also release $8.24 billion in the pipeline, according to a draft of the Country Partnership Framework (CPF) programme for FY23-FY27.Moreover, its sister organisation International Finance Corporation (IFC) will finance $4.5 billion for the private sector development, while the Multilateral Investment Guarantee Agency (MIGA) will give guarantees of $695 million a year for external loans in energy and manufacturing sectors.Bangladesh got $11.83 billion during FY16-FY22 – $1.67 billion per fiscal year on average – from the IDA under the Country Assistance Strategy, the most important country-level document tailored to guide the World Bank Group’s support to a member country as per the needs.The loan tenure was initially up to FY20 and later was extended to FY22 because of Covid-19. In FY11-FY15, the IDA provided the country with $6.1 billion in soft loans, $1.22 billion a year.

Source: https://www.tbsnews.net/economy/world-bank-give-bangladesh-18b-ida-loans-next-five-years-448418

Govt to get back loan money for Padma Bridge by 2057

Road transport and bridges minister Obaidul Quader on Monday said the loans taken for the construction of Padma Bridge would be repaid by 2057 through collecting tolls. Prime minister Sheikh Hasina inaugurated the 6.15 kilometers Padma Bridge on June 25 connecting south-western districts with Dhaka. Besides, in response to another question, railway minister Nurul Islam Sujan said that the cost per passenger per kilometer of the railway is Tk 2.43 and the income is Tk 0.82. On the other hand, the cost per tonne of transporting goods is Tk 7.94 per tonne and the income is Tk 3.18. The minister presented the revenue and expenditure information on the basis of the railway costing profile prepared for the 2016-17 financial year. He presented the revenue figures of Railways for the last 5 years (FY 2016-17 to FY 2020-21). According to the information of the minister, in 5 years it has carried 361.7 million passengers and 28 million tonnes of cargo.

Source: https://today.thefinancialexpress.com.bd/trade-market/govt-to-get-back-loan-money-for-padma-bridge-by-2057-js-told-1656351326

Ansar-VDP Unnayan Bank MD reappointed

Md. Mosaddake-Ul-Alam joined Ansar-VDP Unnayan Bank as Managing Director on Monday for another term, said the bank in a statement. The Financial Institutions Division under the Ministry of Finance issued a circular on June 13 appointing him to the post again on a contractual basis for a period of two years with effect from June 27 2022 or the date of joining. Mosaddake-Ul-Alam joined Ansar-VDP Unna-yan Bank as managing director on November 14, 2019 on his being promoted to the post.

Source: https://today.thefinancialexpress.com.bd/trade-market/ansar-vdp-unnayan-bank-md-reappointed-1656351477

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 31,438.26
↓62.42↓0.20 %
FTSE100$ 7,258.32↑49.51↑0.69%
Nikkei 225$ 26,914.75↑43.48↑0.16%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 110.80↑1.23↑1.12%
Crude Oil (Brent)$ 116.47↑1.38↑1.20%
Gold Spot$ 1,826.33↑3.48↑0.19%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 92.9500
GBP 1BDT 114.0125
EUR 1BDT 98.1366

*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