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 29, 2022

Textile millers expect bumper sales this Eid

Local textile millers are expecting bumper sales in the upcoming Eid-ul-Fitr, the biggest shopping season in Bangladesh. Two mega-events, namely Eid-ul-Fitr and Pahela Baishakh, which celebrates the first day of the Bengali calendar, make up the biggest shopping season in the country. More than 2,500 power looms are running at full capacity alone in Madhabdi, Chowala, Baburhaat, Shekherchar as well as Araihazar of Narayanganj to produce fabrics. Usually, textile millers sell fabrics like saris, lungis, and salwar kameez and the fabrics used in making trousers and shirts worth Tk 25,000 crore in the run-up to the Eid-ul-Fitr festival alone. The annual consumption of fabrics in Bangladesh is 692 crore metres considering the current population of the country. The value of the quantity is $9.02 billion and nearly 20 lakh people are directly employed in the primary textile sector, according to Mohammad Ali Khokon, president of the BTMA.

Source: https://www.thedailystar.net/business/economy/news/textile-millers-expect-bumper-sales-eid-2992881

Excess liquidity risks fuelling inflation

Excess liquidity in the country’s banking system is likely to fuel inflationary pressure on the economy, the central bank cautions over money-supply upturn. The latest BB observations come against the backdrop of rising trend in inflation in recent months mainly due to higher prices of food items along with other essentials. Meanwhile, by official count, the inflation as measured by consumer price index (CPI) rose to 6.17 per cent in February 2022 from 5.86 per cent a month before on point-to-point basis while the inflation reached 5.69 per cent from 5.62 per cent on 12-month average. Surplus liquidity came down to Tk 2115.06 billion in January 2022 from Tk 2167.29 billion a month ago, according to the central bank’s latest statistics. It was Tk 2314.63 billion in June 2021.

Source: https://today.thefinancialexpress.com.bd/first-page/excess-liquidity-risks-fuelling-inflation-1648490598

BSCIC looks to utilise 500 vacant plots

The Bangladesh Small and Cottage Industries Corporation (BSCIC) is scheduled to publish newspaper advertisements today, seeking applications from entrepreneurs to allot 500 plots lying vacant for years in its industrial estates. According to BSCIC sources, a Gopalganj estate has the highest number of vacant plots (131), followed by one in Moulvibazar (119), Chuadanga (50), Jhalakathi (43), Barguna (40), Madaripur (38) and Khagrachari (33).

Source: https://www.thedailystar.net/business/organisation-news/news/bscic-looks-utilise-500-vacant-plots-2992876

MTB inks deal with RANGS Group

Mutual Trust Bank Limited (MTB) has recently signed an agreement with RANKS Construction Limited (RCL) & RANGS Motors Limited (RML) to finance customers to buy LONKING brand construction equipment & MAHINDRA & MAHINDRA and VOLVO EICHER brand commercial vehicles respectively.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/mtb-inks-deal-with-rangs-group-1648488642

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,955.89
↑ 94.65↑ 0.27 %
FTSE100$ 7,473.14↓ 10.21↓ 0.14 %
Nikkei 225$ 28,111.92↑ 168.03↑ 0.60 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 104.78↓ 1.18↓ 1.11 %
Crude Oil (Brent)$ 111.19↓ 1.29↓ 1.15 %
Gold Spot$ 1,923.26↑ 0.46↑ 0.02 %

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