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 November 15, 2023

Exchange houses won’t get higher than banks’ fixed rate for a dollar

Foreign exchange houses will not get higher than the banks’ fixed rate at the time of selling US dollar to banks in Bangladesh. The central bank shared the information in a meeting between the representatives of the top foreign exchange houses in Bangladesh and the officials of the Foreign Exchange Policy Department (FEPD) of the central bank held at the BB headquarters in Dhaka today. The banking watchdog made the call nearly a week after directing banks not to buy US dollar from the remitters at rates over Tk 116. In the directive issued on November 9, it was said that banks can offer a maximum of Tk 116 per dollar, including incentives for collecting remittance, as per the decision of the Bangladesh Foreign Exchange Dealers’ Association (Bafeda) and the Association of Bankers’ Bangladesh (ABB). According to the Bafeda-ABB decision, banks will be able to collect a dollar from exchange houses at a maximum rate of Tk 110.5 while banks can provide a maximum incentive of 2.5 percent from their own funds. The customers will get Tk 116 for every US dollar, including a government incentive of 2.5 percent.

Source: https://www.thedailystar.net/business/news/exchange-houses-wont-get-higher-banks-fixed-rate-dollar-bb-3468851

Credit card transaction in taka drops 8%, in dollar rises 4.5%

The approaching national elections, characterised by political instability, and persisting economic uncertainty contributed to a 7.73% decline in credit card transactions in taka during September. Conversely, credit card transactions in dollars have witnessed a 4.52% increase amid the dollar crisis, as revealed by a Bangladesh Bank report. The central bank report shows Bangladeshis reduced their credit card spending in taka by Tk188 crore to Tk2,249 crore in September from Tk2,437 crore in August. Credit card usage within the country is predominantly concentrated in departmental stores. In September, departmental stores accounted for 48.54% of credit card transactions, followed by retail outlet services (12.85%), utilities (9.23%), and cash withdrawals (8.64%). According to central bank data, Bangladesh’s foreign exchange reserves stood at $20.78 billion as of 9 November, a significant decline from $34.24 billion in the same period of 2022.

Source: https://www.tbsnews.net/economy/credit-card-transaction-taka-drops-8-dollar-rises-45-739738

 Roche, Radiant Pharma ink deal for co-promotion

F Hoffmann-La Roche, a global research-based innovative pharmaceutical company in Switzerland, and Radiant Pharmaceuticals Ltd, a manufacturer of pharmaceutical products in Bangladesh and an importer of specialised lifesaving medicines, signed a co-promotion agreement to bring synergy in the areas of alleviating severe disease conditions like cancer, ophthalmology and neurology.

Source: https://www.thedailystar.net/business/organisation-news/news/roche-radiant-pharma-ink-deal-co-promotion-3469676

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,827.70
↑ 489.83↑ 1.43 %
FTSE100$ 7,440.47↑ 14.64↑ 0.20 %
Nikkei 225$ 33,460.96↑ 765.03↑ 2.34 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 78.42↑ 0.16 ↑ 0.20 %
Crude Oil (Brent)$ 82.69 ↑ 0.22↑ 0.27 %
Gold Spot$ 1,966.76↑ 2.47↑ 0.13 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 111.0000
BDT 111.0000

*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