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 14, 2023

IsDB to provide €270m for housing project

The Islamic Development Bank (IsDB) is set to provide 270 million euros to Bangladesh for the rural and peri-urban housing project. The board of governors of the bank approved the loan during its annual meeting at Jeddah in Saudi Arabia that took place from May 10 to 13, according to a press release from the Economic Relations Division (ERD) of Bangladesh. During the annual meeting, the International Islamic Trade Finance Corporation, a concern of the IsDB, celebrated its 15 years of partnership with Bangladesh. It also honoured Bangladesh with the “Largest Financing Partner” award in recognition of the country’s regular borrowing from the corporation to purchase fuel from the global market and pay back loans regularly.

Source: https://www.thedailystar.net/business/economy/news/isdb-provide-eu270m-housing-project-3319246

BB’s dollar sales this FY go past $12b

The US dollar sold by the central bank has surpassed the $12-billion mark in the ongoing fiscal year as it has had to pump the American greenbacks into the market in order to clear import bills. Between July 1 and May 10, the Bangladesh Bank supplied a record $12.05 billion to banks, in contrast to the $7.62 billion that was provided in the entire financial year of 2021-22. The central bank sold US dollars to the tune of $276.03 million in the first 10 days of the current month. It injected $851 million in April. Import payments declined 12.33 per cent year-on-year to $53.94 billion in the July-March period of FY23. It was $61.52 billion during the identical period a year ago, according to central bank figures. But it rose 11.6 per cent from the import bills cleared in July-February, when it stood at $48.31 billion.

Source: https://www.thedailystar.net/business/economy/news/bbs-dollar-sales-fy-go-past-12b-3319241

RMG exports reach $38.57 billion with 9.09% YoY growth during July-April

Bangladesh’s apparel industry has recorded a strong year-over-year (Y0Y) growth of 9.09% for the period of July-April in FY2022-23, according to the data released by the Export Promotion Bureau (EPB). The country’s total RMG export during this period reached $38.57 billion, out of which the EU market accounted for $19.20 billion, accounting for 49.78% of total exports. The EPB data revealed that the country’s export to EU countries grew by 8.58% compared to the same period of the previous fiscal year. However, exports to Germany, Bulgaria, and Poland have declined. In contrast, Bangladesh’s RMG export to France and Spain showed positive growth of 22.21% and 16.69% year-over-year, respectively.  Italy also displayed a positive trend, recording a growth of 42.40% and reaching $1.85 billion.

Source: https://www.tbsnews.net/economy/rmg/rmg-exports-reach-3857-billion-909-yoy-growth-during-july-april-630858

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,300.62
↓ 8.89↓ 0.03 %
FTSE100$ 7,754.62↑ 24.04↑ 0.31 %
Nikkei 225$ 29,388.30↑ 261.58↑ 0.90 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 70.04↓ 0.83↓ 1.17 %
Crude Oil (Brent)$ 74.17↓ 0.81↓ 1.08 %
Gold Spot$ 2,010.77↓ 4.28↓ 0.21 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 107.9400
BDT 108.0000

*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