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 May 02, 2023

Bangladesh, World Bank sign $2.25 billion loan agreement for 5 projects

The World Bank will provide $2.25 billion as a loan to Bangladesh to develop various sectors, including regional trade and connectivity, disaster preparedness and environmental management. Sharifa Khan, secretary of the Economic Relations Division (ERD) and Abdoulaye Seck, Country Director, World Bank in Bangladesh signed the financing agreements on behalf of Bangladesh and the World Bank respectively.

Source: https://www.tbsnews.net/economy/bangladesh-world-bank-sign-225-billion-loan-agreement-5-projects-624898

Non-banks’ directors cannot appoint representative in other non-banks

The directors of non-bank financial institutions (NBFIs) will not be allowed to appoint their representatives as directors to boards of other non-banks, according to a Bangladesh Bank notice issued today. Similarly, the companies, which have already appointed directors at NBFIs, will not be permitted to appoint representative directors to more than one non-bank. In addition, the individuals and companies that have shares with a non-bank will not be able to appoint representative directors to more than one NBFI. A Bangladesh Bank official said some individuals and entities, who have directorship at a non-bank, are now appointing representative directors to several NBFIs in order to control the institutions.

Source: https://www.thedailystar.net/business/news/non-banks-directors-cannot-appoint-representative-other-non-banks-3304941

Dollar rates for remittance, export proceeds raised by Tk1

The exchange rate of dollars for both remitters and exporters has been increased by Tk1. Banks will offer Tk108 per dollar for remittance and Tk106 for export proceeds from Tuesday when the new rate will come into effect. The decision came at a meeting between the Association of Bankers Bangladesh (ABB) and the Bangladesh Foreign Exchange Dealers’ Association (BAFEDA) on Sunday (30 April). As of 21 April, remitters sent $1.27 billion indicating that the earnings may stand below $2 billion for the month.  However, if the rate was high, the remittances would have been as high as $2.5 billion, according to bankers. In September last year, the BAFEDA and ABB, in a joint meeting, decided to fix the dollar rate of remittance and export proceeds at Tk108 and Tk99 respectively.

Source: https://www.tbsnews.net/economy/banking/dollar-rates-remittance-export-proceeds-raised-tk1-624354

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,051.70
↓ 46.46↓ 0.14 %
FTSE100$ 7,870.57↑ 38.99↑ 0.50 %
Nikkei 225$ 29,124.37↑ 1.19↑ 0.00 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 75.76↑ 0.10↑ 0.13 %
Crude Oil (Brent)$ 79.40↑ 0.09↑ 0.11 %
Gold Spot$ 1,982.09↓ 0.47↓ 0.02 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 107.0000
BDT 107.0000

*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