$

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 04, 2021

Forex reserve hits record $45.1b

The country’s foreign exchange reserves yesterday hit a new record of $45.1 billion thanks to an upward trend of remittance and lower import payments. The reserves, one of the major macroeconomic indicators of an economy, have gone up 36.22 per cent in the last one year. It was $33.11 billion on April 30, 2020, according to data from the central bank.A strong inflow of remittance has largely helped the country build up the foreign exchange reserve, said a Bangladesh Bank official. Between July and April this fiscal year, the Bangladeshi diaspora sent remittances worth $20.66 billion, up 39 per cent year-on-year. Imports, however, slightly increased 1.9 per cent year-on-year to $37.06 billion in the eight months of this fiscal year.But the reserve amount will be short lived, as the country will have to pay $1.74 billion today to settle import payments to member countries of Asian Clearing Union (ACU).

Source: https://www.thedailystar.net/business/news/forex-reserve-hits-record-451b-2087877

HSBC digitalises Unilever’s supply chain finance

The Hongkong and Shanghai Banking Corporation (HSBC) and Unilever Bangladesh this month are said to have conducted their first transaction using an electronic supply chain finance platform of the lender. The automated solution ensures working capital at “competitive prices” to Unilever Bangladesh and its supplier network, enabling end-to-end invoice digitalisation from approval to crediting accounts. HSBC says it processes over $1 million worth of trade turnover every minute, delivered through technology and platforms necessary to help manage risks, process transactions and fund activities, making it easier for businesses to connect to new markets and trade partners around the world.

Source: https://www.thedailystar.net/business/news/hsbc-digitalises-unilevers-supply-chain-finance-2087817

Jamuna Bank gets new chairman

Jamuna Bank yesterday witnessed the appointment of a new chairman of its board of directors. The appointee, Gazi Golam Ashria, is the youngest son of Textiles and Jute Minister Golam DastagirGazi and Hasina Gazi, mayor of Narayanganj’sTarabo municipality.Graduating in economics from Canada, Ashria is the director of Content Matters, Progressive Properties, Gazi Renewable Energy, Gazi Networks and Gazi Communication.

Source: https://www.thedailystar.net/business/news/jamuna-bank-gets-new-chairman-2087821

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,113.23
↑238.38↑0.70%
FTSE100$ 6,969.81↑8.33↑0.12%
Nikkei 225$ 28,812.63↓241.34↓0.83%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 64.38↓0.11↓0.17%
Crude Oil (Brent)$ 67.44↓0.12↓0.18%
Gold Spot$ 1,788.95↓3.93↓0.22%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8010
GBP 1BDT 117.1766
EUR 1BDT 101.9466

*CURRENCIES AND COMMODITIES ARE TAKEN FROM BLOOMBERG.<

AN IMPORTANT MESSAGE FROM

EMRANUL HUQ

MANAGING DIRECTOR & CEO OF DHAKA BANK LIMITED

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.

YOUR SAFETY MEANS EVERYTHING TO US
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.

WE WILL TAKE CARE OF YOUR BANKING NEEDS
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.

GET IN TOUCH IF YOU ARE IN EXTREME EMERGENCY
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.

WE WILL FREQUENTLY UPDATE YOU
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

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