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 25, 2023

BD soon sees complete digital bank, banking innovations

Bangladesh is set to see soon full-fledged digital bank as the country braces itself for fitting in the fast-changing technologies in the fourth industrial revolution (4IR). Bangladesh Bank Governor Abdur Rouf Talukder Wednesday apprised bankers of this and a slew of other latest innovations the central bank plans for upgrading the banking industry. In the last one decade, the economy has seen a shift from manual to digital, from legacy banking to disruptive innovating banking in the financial sector. The governor notes that AI (artificial intelligence), machine learning, robotics, quantum-point computing and other disruptive technologies are anticipated to radically transform the banking industry. A good-governance framework can mitigate risks and the culture of compliance could help banks to keep safe distance from suck risks. Terming corporate governance and NPLs (non-performing loans) two burning issues hurting banking business here, he said there is a need to bring in cultural changes, enforce ethical and good practices through training and proper education of people involved in the industry.

Source: https://today.thefinancialexpress.com.bd/first-page/bd-soon-sees-complete-digital-bank-banking-innovations-1684951288

Bangladesh’s apparel export to EU increases by 3.9%, remains second largest source

Bangladesh’s apparel export to European Union has shown value-wise growth by 3.9% during the January-March period of 2023 to $5.6 billion from $5.4 billion in January-March 2022. Also, with 24.07% share of the EU’s total RMG import (in terms of dollar value), Bangladesh remains the second largest apparel import source for the EU after China (China’s share 24.55%) during January-March 2023. However, according to the quantity-wise import statistics (measured in kilogram), Bangladesh became number “one” sourcing country for EU during the mentioned months of 2023. In fact, Bangladesh secured the top position in EU’s apparel sourcing list in terms of quantity in 2022 as well. In quantity term, import from Bangladesh saw a decline by 3.67%, or 11.84 million KGs, says a statistic recently published by Eurostat. The quantity decline was caused by inflated unit price (due to raw materials, transportation and other production cost hike) which was increased by 7.86% in January-March of 2023. The Eurostat statistic says, apparel import from the world in the mentioned period has declined by 4.94% compared to the corresponding period of 2022, about 1.22 billion dollars decline. In terms of quantity, EU’s clothing import had a stiff downturn by 12.64%, which is 136.88 million KGs less than Jan-Mar 2022.

Source: https://www.tbsnews.net/economy/rmg/bangladeshs-apparel-export-eu-increases-39-remains-second-largest-source-637618

Qatar’s Amir promises larger supply of LNG

The Amir of Qatar on Wednesday assured Bangladesh of providing all sorts of facilities regarding larger supply of LNG from his country. Now Bangladesh is importing some 40 containers of energy that means 1.8-2.5 MTA as per a 15-year contract signed in 2017. But now Bangladesh seeks the larger supply of LNG from Qatar. Qatar government has shown positive attitude towards supplying an additional 1.0-2.0 million tonnes per annum (MTPA) of liquefied natural gas (LNG) in addition to the existing contract to supply 2.5 MTPA, State Minister for Power, Energy and Mineral Resources.

Source: https://today.thefinancialexpress.com.bd/first-page/qatars-amir-promises-larger-supply-of-lng-1684951356

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 32,799.92
↓ 255.59↓ 0.77 %
FTSE100$ 7,627.10↓ 135.85↓ 1.75 %
Nikkei 225$ 30,869.36↑ 186.68↑ 0.61 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 74.21↓ 0.13↓ 0.17 %
Crude Oil (Brent)$ 78.32↓ 0.04↓ 0.05 %
Gold Spot$ 1,956.92↓ 0.24↓ 0.01 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 107.9000
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