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 31, 2022

Banks asked to encash export bills promptly

Banks are asked to encash the value-added portion of export proceeds within the next working day to help improve supply of foreign exchange to the money market. The central bank also directs all the authorized dealer (AD) bankers to encash the value-added portion of repatriated export proceeds in local currency -Bangladesh Taka (BDT) -before parking the eligible portion in a single pool for back-to-back payments. The instructions are conveyed through notification issued by the Bangladesh Bank (BB) Sunday, in the wake of strains on the country’s foreign-exchange reserves following higher import payments amid a global inflation as well as lower inflows of the greenback. Sources, however, say the central bank started inspection into alleged unusual movement of the US dollar in two more leading private commercial banks on Monday. The BB has already completed similar on-site inspections into 16 banks, including four state-owned commercial banks (SoCBs), to find out alleged ‘distortion’ on foreign-exchange rate by the banks concerned.

Source: https://today.thefinancialexpress.com.bd/first-page/banks-asked-to-encash-export-bills-promptly-1653934140

BD plans to import 18 LNG cargoes from spot mkt

Bangladesh has planned to import a total of 18 liquefied natural gas (LNG) cargoes from the spot market during the July-December period – 50 per cent higher than the January-June import. State-run Petrobangla will be importing the augmented quantity of expensive fuel to cope with the mounting natural gas demand as the country’s domestic natural gas production is on wane and its long-term LNG suppliers have rejected pleas to increase LNG cargo delivery. Bangladesh has been importing some 12 LNG cargoes from the spot market from January to June, 2022, said a senior official of the state-owned Rupantarita Prakritik Gas Company Ltd (RPGCL), a wholly-owned subsidiary of the state-run Petrobangla. RPGCL, which deals with Bangladesh’s LNG imports, will be inviting bids from each of the listed suppliers to purchase LNG from the spot market. Bangladesh imports around 138,000 cubic metres of LNG in each cargo from the spot market. Bangladesh is importing spot LNG, having a gross heating value ranging 1,025-1,100 British thermal units (Btu) per standard cubic feet (scf). The imported spot LNG is blended with locally produced natural gas, which is sulfur free and sweet gas, before it is delivered to end-users. Spot suppliers supply the fuel on a delivered ex-ship (DES) basis and the vessel sizes range between 125,000 cubic metres and 220,000 cubic metres. Bangladesh’s overall natural gas output is currently hovering around 3,095 million cubic feet per day (mmcfd), of which 760 mmcfd is re-gasified imported LNG, against the overall demand of around 4,100 mmcfd, according to Petrobangla statistics as on May 30, 2022.

Source: https://today.thefinancialexpress.com.bd/first-page/bd-plans-to-import-18-lng-cargoes-from-spot-mkt-1653934318

Agritech startup iFarmer raises $2.1m

iFarmer, a full-stack agriculture platform providing agri based services to farmers, has recently raised $2.1m in a new financing round, maintaining its accelerated growth. IDLC Venture Capital Fund, the VC arm of IDLC Finance led the financing round.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/agritech-startup-ifarmer-raises-21m-1653927874

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,212.96
↑ 575.77↑ 1.76 %
FTSE100$ 7,600.06↑ 14.60↑ 0.19 %
Nikkei 225$ 27,353.82↓ 15.61↓ 0.06 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 118.18↑ 3.11↑ 2.70 %
Crude Oil (Brent)$ 122.80↑ 1.13↑ 0.93 %
Gold Spot$ 1,852.23↓ 3.00↓ 0.16 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 87.9000
GBP 1BDT 110.9298
EUR 1BDT 94.3255

*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