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 22, 2022

Inflation climbs to 16-month high

Inflation in Bangladesh jumped to 6.17 per cent in February, the highest in 16 months, driven by soaring costs of foods, further eroding the purchasing capacity of consumers. In February this year, consumers had to spend 6.22 per cent more than a year ago to buy foods, data from the Bangladesh Bureau of Statistics (BBS) showed yesterday. Non–food inflation, which includes clothing, footwear, fuel, lighting, transport and healthcare, declined 16 basis points to 6.10 per cent in February from the prior month. The previous high of inflation was reported in October 2020 when it stood at 6.44 per cent. On Sunday, the Centre for Policy Dialogue (CPD) said the consumption basket used for calculating overall general inflation was created in 2005 and it does not reflect the current consumption pattern of consumers or the actual prices in the market in 2022. Based on the price levels of the fiscal year of 2005-06, the BBS computes the Consumer Price Index (CPI) and inflation for rural areas by taking into account the prices of 318 items and for urban inflation, it considers 422 commodities and services.

Source: https://www.thedailystar.net/business/economy/news/inflation-climbs-16-month-high-2987886

Banks’ offshore units to need specific codes

With rising operations of offshore banking units (OBU), the Bangladesh Bank has asked banks concerned to register new units with a specific code, in order to collect and preserve information. A central bank circular in this regard issued on Monday said that a bank has to apply to the central bank for a code, attaching required documents, within seven days of launching a new OBU. Similarly, when discontinuing an OBU, the bank has to inform the central bank within seven days. However, codes previously issued by the Foreign Exchange Policy Department of the central bank will remain active.

Source: https://www.tbsnews.net/economy/banking/banks-offshore-units-come-under-specific-codes-388774

Gold price drops again in one week

As per the fixed rate, a Tk1,076 reduction was announced per bhori for  22 karat and 21k gold, a release of the Bangladesh Jewelers’ Association said, adding the new price would be effective from Tuesday. Per bhori 22k gold will now retail at Tk77,072 and per bhori 21k gold at Tk73,574. Per bhori 18k gold will sell at Tk63,080 after reduction of the price by Tk955 and per bhori gold (sanatan) at Tk54,587 after reduction of the price by Tk776.

Source: https://www.tbsnews.net/economy/gold-price-drops-again-one-week-388782

MTB celebrated ‘Customer Service Week 2022’

MTB recently celebrated ‘Customer Service Week 2022’ in Chattogram Region for providing its customers with a delightful banking experience. Syed Mahbubur Rahman, Managing Director & CEO of MTB, inaugurated this event in the presence of some distinguished customers in a simple ceremony held at Agrabad Branch in Chattogram.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/mtb-celebrated-customer-service-week-2022-1647879043

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,552.99
↓ 201.94↓ 0.58 %
FTSE100$ 7,442.39↑ 37.66↑ 0.51 %
Nikkei 225$ 27,264.53↑ 437.10↑ 1.63 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 114.30↑ 2.18↑ 1.94 %
Crude Oil (Brent)$ 118.09↑ 2.47↑ 2.14 %
Gold Spot$ 1,936.37↑ 0.46↑ 0.02 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 86.00
GBP 1BDT 113.3824
EUR 1BDT 95.1074

*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