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 30, 2022

Private sector development real growth driver for BD economy

UK Prime Minister’s Trade Envoy Rushanara Ali on Tuesday said Bangladesh has achieved tremendous success in the socio-economic sector. She noted that coordination between public and private sectors is essential for the continuation of this progress. She also said that the private sector development and trade expansion are the real growth drivers for Bangladesh’s economy. Rizwan Rahman said bilateral trade between Bangladesh and the UK was USD $ 4.11 billion in 2021. The UK’s net FDI stock in Bangladesh was about $ 2.53 billion and the UK is the 3rd largest export destination for Bangladesh and in the future it will grow further. He invited British investments in the shipbuilding, RMG, agro-processing, leather and footwear, light engineering and skills development sectors of Bangladesh. Bangladesh will enjoy duty-free, quota-free facility in the UK up to 2029, the DCCI president said and urged the UK to allow Bangladesh to enjoy this facility even after 2029.

Source: https://today.thefinancialexpress.com.bd/trade-market/private-sector-development-real-growth-driver-for-bd-economy-1648572075

WB approves $358m to help BD improve road safety

The World Bank approved on Tuesday $358 million of financing to help Bangladesh improve road safety and reduce fatalities and injuries from road traffic crashes in selected high-risk highways and district roads, reports BSS. The Road Safety Project will help Bangladesh achieve the Sustainable Development Goals on road safety by 2030. In two national highways-N4 (Gazipur-Elenga) and N6 (Natore to Nawabganj)-the project will pilot comprehensive road safety measures, including improved engineering designs, signing and marking, pedestrian facilities, speed enforcement, emergency care. The credit is from the World Bank’s International Development Association (IDA), which provides concessional financing, has a 30-year term, including a five-year grace period. Bangladesh currently has the largest ongoing IDA program totaling over $14.5 billion. The World Bank was among the first development partners to support Bangladesh and has committed $35 billion in grants, interest-free, and concessional credits to the country since its Independence. The costs related to traffic crashes can be as high as 5.1 percent of the GDP. Unsafe and under-invested road infrastructure is one of the key factors for crashes.

Source: https://today.thefinancialexpress.com.bd/trade-market/wb-approves-358m-to-help-bd-improve-road-safety-1648572112

Stocks rise for second day

The stock market index continued to rise for a second consecutive day yesterday, the eve of a meeting between the Bangladesh Securities and Exchange Commission (BSEC) and stakeholders on the market’s current condition. The DSEX, the benchmark index of Dhaka Stock Exchange (DSE), edged up 7 points, or 0.10 per cent, to 6,765. Chittagong Stock Exchange (CSE) also rose yesterday. The Caspi, the main index of the bourse of the port city, went up 15 points, or 0.07 per cent, to 19,804. Among the 301 stocks to be traded, 139 rose, 124 fell and 38 remained unchanged.

Source: https://www.thedailystar.net/business/economy/stock/news/stocks-rise-second-day-2993691

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 35,294.19
↑ 338.30↑ 0.97 %
FTSE100$ 7,537.25↑ 64.11↑ 0.86 %
Nikkei 225$ 27,813.10↓ 439.32↓ 1.55 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 104.88↑ 0.64↑ 0.61 %
Crude Oil (Brent)$ 111.03↑ 0.80↑ 0.73 %
Gold Spot$ 1,924.06↑ 4.63↑ 0.24 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 86.2000
GBP 1BDT 112.8099
EUR 1BDT 94.6648

*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