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 08, 2022

Bangladesh receives record $2.09B remittance in April

Bangladesh has received $2.09 billion in remittances in April, the highest amount in a single month of the current fiscal year. According to the sector insiders, expatriates usually send more remittances to the country on the occasion of Eid festival. In its continuation, the flow of remittances has increased since the beginning of Ramadan. Besides, the government is now giving 2.5% incentive on remitances. According to the BB, five state-owned commercial banks received $354.89 million in April, private commercial banks received remittance of $1612.74 million, foreign banks $7.35 million and two specialised banks $34.51 million. Bangladesh received $1.85 billion in remittances in March of fiscal year 2021-22.

Source: https://www.tbsnews.net/economy/bangladesh-receives-record-209-bln-remittance-april-413930

RMG sees new investments with strong global demand

Entrepreneurs are now stepping up with fresh investments in the apparel sector that is currently on a roll with an excellent flow of work orders – even though there is uncertainty over uninterrupted power and energy supplies. To cash in on this hot streak, a few big names, such as Team Group, Urmi Group, Chattogram-based RDM Group and the real estate giant Sheltech, are now setting up new facilities to boost their production capacity and have a bigger stake in the global RMG export market. If this calculation is taken into account, 160 big and small factories, which have obtained BGMEA and BKMEA memberships for setting up new facilities, invested approximately Tk4,000 crore in constructing knit, woven and denim factories, industry insiders say. The current investments in garment and textile industries stand at Tk18,000-Tk20,000 crore.

Source: https://www.tbsnews.net/economy/rmg/rmg-sees-new-investments-strong-global-demand-414618

Imports jump 50pc in nine months of FY ’22

Bangladesh’s overall imports jumped by nearly 50 per cent in the first nine months of this fiscal year (FY ’22) following higher imports of fuel oils and industrial raw materials. The settlement of letters of credit (LCs), generally known as actual import, in terms of value, rose by 49.64 per cent or US $20.09 billion to $60.57 billion during the July-March period of fiscal year 2021-22, from $40.48 billion in the same period of the previous fiscal, according to the central bank’s latest statistics. On the other hand, opening of LCs, generally known as import orders, increased by more than 46 per cent or $21.55 billion to $68.36 billion during the period under review from $46.81 billion in the same period of FY ’21. The US dollar was quoted at Tk 86.45 each in the forex market on April 26 against Tk 86.00 on March 21. It also remained unchanged at Tk 86.45 on Thursday (May 5). However, import of consumer goods also jumped by more than 41 per cent to $6.86 billion during the period under review from $4.85 billion in the same period of FY ’21.

Source: https://today.thefinancialexpress.com.bd/first-page/imports-jump-50pc-in-nine-months-of-fy-22-1651942555

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 32,899.37
↓ 98.60↓ 0.30 %
FTSE100$ 7,387.94↓ 115.33↓ 1.54 %
Nikkei 225$ 27,003.56↑ 185.03↑ 0.69 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 109.77↑ 1.51↑ 1.39 %
Crude Oil (Brent)$ 112.39↑ 1.49↑ 1.34 %
Gold Spot$ 1,883.81↑ 6.63↑ 0.35 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 86.4500
GBP 1BDT 109.1431
EUR 1BDT 91.8531

*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