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

Click to Close

Rate last updated: 02/01/2014 11:15:04 AM

Daily Business News Flash May 03, 2023

WB to provide $2.25b for five BD projects

The World Bank will provide Bangladesh with loans worth US$2.25 billion to finance the growth, regional connectivity, and disaster preparedness programmes. The financing agreements were signed on five projects during the celebration of 50 years of ‘strong partnership’ between the World Bank (WB) and Bangladesh in Washington, USA. The partnership has helped lift millions of Bangladeshis out of poverty and supported the country’s economic growth and development. Of the financing agreements, $753.45 million will be made available for Accelerating Transport and Trade Connectivity in Eastern South Asia (ACCESS) Programme Phase 1, aiming to help improve regional trade. The WB will also provide $500 million worth of credit for Resilient Infrastructure for Adaptation and Vulnerability Reduction (RIVER) project, which will be the first major investment project to support the Bangladesh Delta Plan 2100. Another $500 million worth of loan will be available under the First Green and Climate Resilient Development Credit, aiming to help Bangladesh’s transition to green and climate-resilient development. Besides, the WB will also provide $250 million for Sustainable Microenterprise and Resilient Transformation (SMART) and $250 million for Bangladesh Environmental Sustainability and Transformation (BEST) Project to support the micro-enterprises sector and strengthen environment management in Bangladesh respectively.

Source: https://today.thefinancialexpress.com.bd/first-page/wb-to-provide-225b-for-five-bd-projects-1683052188

Bangladesh’s exports to India could rise by 300% if connectivity improves

Indian High Commissioner in Dhaka Pranay Verma said on Tuesday that Bangladesh’s exports to India could increase by nearly 300% if connectivity improves along with trade and infrastructure. Studies indicate that the seamless connectivity between India and Bangladesh has the potential to increase national income by 17% in Bangladesh and 8% in India. In the last 10 years, Bangladesh’s exports to India have increased by around four times, reaching nearly $2 billion in the fiscal 2021–22. According to data from the Bangladesh Bank, in the fiscal 2017–18, goods worth $8.62 billion were imported from India, and the volume increased to over $14 billion in the fiscal 2021–22. It took us 47 years to have our first $1 billion export, and it took us another only four years to make it to $2 billion.

Source: https://www.tbsnews.net/economy/bangladeshs-export-india-could-increase-nearly-300-if-connectivity-improves-indian-envoy

Romo Rouf Chowdhury re-elected as Bank Asia chairman

Romo Rouf Chowdhury has been re-elected as chairman of Bank Asia Limited on Sunday. Mr. Chowdhury is one of the sponsor shareholders as well as sponsor directors of Bank Asia. He is a graduate in engineering from Durham University, United Kingdom. He has more than 30 years of experience as an industrialist. Currently, Mr. Chowdhury holds the position of chairman of Rancon Group.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/romo-rouf-chowdhury-re-elected-as-bank-asia-chairman-1683051879

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,684.53
↓ 367.17↓ 1.08 %
FTSE100$ 7,773.03↓ 97.54↓ 1.24 %
Nikkei 225$ 29,157.95↑ 34.77↑ 0.12 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 71.57↓ 0.09↓ 0.13 %
Crude Oil (Brent)$ 75.29↓ 0.03↓ 0.04 %
Gold Spot$ 2,017.06↑ 0.38↑ 0.02 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 106.8000
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