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 28, 2022

Bangladesh meets UN target on Internet Prices

Bangladesh has met the affordability target on internet prices set by the United Nations Broadband Commission for Sustainable Development in 2021. The information was revealed in a recent report of the International Telecommunication Union (ITU) and the Alliance for Affordable Internet, giving a high-level overview of the results from the 2021 price data collection exercise, focusing on changes in affordability. In 2018, the commission set its updated affordability target: to bring prices for entry-level broadband services below 2 per cent of the average monthly gross national income per capita by 2025. According to the report, among the economies for which data were available for both 2020 and 2021, fewer met the affordability target in 2021 than in 2020. In June last year, the Bangladesh Telecommunication Regulatory Commission (BTRC) fixed the monthly cost of a connection with a minimum speed of 5 Mbps at Tk 500, 10 Mbps at Tk 800-1,000, and 20 Mbps at Tk 1,100 -1,200. The number of mobile internet subscribers dropped 1.7 per cent month-on-month in January to 11.17 crore, BTRC data showed. However, on a year-on-year basis, the number of mobile internet users rose 8.34 per cent in January.

Source: https://www.thedailystar.net/business/economy/news/bangladesh-meets-un-target-2992061

 Govt issues export policy for FY21-24

The government yesterday published a gazette on the export policy for fiscal years 2021-24, saying it was extending more policy and fiscal support, rationalising corporate tax and offering bonded warehouse facilities. The new export policy orders, aiming to encourage exploration of new markets and products as the government looks to give a much-needed boost to export earnings, will come into immediate effect, according to the notification. In the new export policy, the government laid emphasis on growing an export-led economy and generation of more employment so as to offset the Covid-19 induced challenges. It is expected that the new export order policy will be able to combat the challenges of the country’s graduation from a least developed to a developing nation by 2026.

Source: https://www.thedailystar.net/business/export/news/govt-issues-export-policy-fy21-24-2992056

City Bank gets new AMD

The City Bank has appointed Mohammad Mahbubur Rahman as its additional managing director (AMD) recently. Mr Rahman has been serving the bank as deputy managing director and chief financial officer (CFO) since 2018. He joined the City Bank in 2011 as executive vice president (EVP) and CFO. Prior to joining the City Bank, Mr Rahman was the financial management specialist, South Asia, at World Bank. He has also worked with Leads Corporation as CFO and Grameenphone in various capacities.

Source: https://today.thefinancialexpress.com.bd/trade-market/city-bank-gets-new-amd-1648402039

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,861.24
↑ 153.30↑ 0.44 %
FTSE100$ 7,483.35↑ 15.97 ↑ 0.21 %
Nikkei 225$ 28,065.49↓ 84.35↓ 0.30 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 110.61↓ 3.29↓ 2.89%
Crude Oil (Brent)$ 117.56↓ 3.09↓ 2.56 %
Gold Spot$ 1,944.89↓ 13.40↓ 0.68 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 86.2000
GBP 1BDT 113.7150
EUR 1BDT 94.6907

*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