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 March 08, 2022

Bangladesh, India and Nepal finalise MoU to boost trade, connectivity

South Asian neighbours Bangladesh, India, and Nepal have finalised a memorandum of understanding (MoU) for implementing the long-awaited Bangladesh-Bhutan-India-Nepal (BBIN) Motor Vehicles Agreement (MVA). The BBIN connectivity project is aimed to boost regional trade and connectivity, reports Hindustan Times. This initiative was conceived after the South Asian Association for Regional Cooperation (Saarc) failed to agree on a regional motor vehicles agreement during a summit in Nepal in 2014. The BBIN project suffered a setback in 2017 when Bhutan temporarily opted out of it after being unable to get parliamentary approval for the MVA. The BBIN Motor Vehicle Agreement for the Regulation of Passenger, Personal and Cargo Vehicular Traffic between the four countries was signed during a transport ministers’ meeting in Thimpu on June 15, 2015. Bhutan had earlier given its consent for the entry into force of the MVA among the other 3 countries, without any obligation to itself, pending the completion of internal procedures for ratifying the agreement.

 Source: https://www.tbsnews.net/world/south-asia/bangladesh-india-and-nepal-finalise-mou-boost-trade-connectivity-382003

Current account deficit hits all-time high

Bangladesh’s current account deficit hit an all-time high of $10 billion in just the first seven months of the ongoing fiscal year due to the escalation of trade deficit and dwindling remittances. The large shortfall in the current account will only widen further because of the ongoing pressure on the foreign exchange reserve and exchange rate between the US dollar and taka. The previous highest deficit in the current account was $9.56 billion in FY 2017-18, data from Bangladesh Bank showed. The deficit was $4.57 billion last fiscal year. A current account deficit occurs when the total value of goods and services a country imports exceeds the total value of goods and services it exports. The increasing trend of trade deficit, which stood at nearly $18.7 billion between the months of July and January in FY2021-22, are one of the main reasons for the shortfall in the current account, said Mustafizur Rahman, a distinguished fellow of the Centre for Policy Dialogue.

Source: https://www.thedailystar.net/business/economy/banks/news/current-account-deficit-hits-all-time-high-2978676

Savings certificate sales rise 35% in Jan

Customers bought savings certificates worth Tk9,966 crore in January, which was Tk7,362 crore in the previous month. In January this year, both sale of savings certificates and the government’s net debt increased about 35.37% compared to the previous month. Customers bought savings certificates worth Tk9,966 crore in January, which was Tk7,362 crore in December 2021.

Source: https://www.tbsnews.net/economy/savings-certificate-sales-rise-35-jan-381424

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 32,632.64
↓ 184.74↓ 0.56 %
FTSE100$ 6,964.11↑ 4.63↑ 0.07 %
Nikkei 225$ 24,868.80↑ 77.85↑ 0.31 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 126.31↑ 2.61↑ 2.11 %
Crude Oil (Brent)$ 131.40↑ 3.42↑ 2.67 %
Gold Spot$ 2,055.78↑ 5.02↑ 0.24 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 86.00
GBP 1BDT 112.7116
EUR 1BDT 93.3616

*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