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 November 23, 2022

Banks urged to speed up disbursing agricultural loans

The Bangladesh Bank governor has urged the commercial banks to speed up disbursing agricultural loans to overcome the ongoing economic crisis and possible threats of food shortage in the country. Bangladesh Bank Governor Abdur Rouf Talukder gave instructions to the scheduled banks’ managing directors in this regard in a meeting Tuesday to fully implement the government’s agricultural policy. The central bank governor has also asked the commercial banks to reduce investment in defaulted industrial loans. Bangladesh Bank officials present at the meeting said the managing directors of the banks were reminded of the emphasis on agriculture given by the prime minister to reduce the import dependency for food. The central bank also urged the commercial banks to focus more on agriculture than the general loans.

Source: https://www.tbsnews.net/economy/october-revenue-sees-10-growth-despite-import-curb-536382

Apparel orders pick up after three dull months

Apparel orders have started to pick up after three slow months as fresh inquiries are coming in from top buyers for the spring season, with manufacturers considering it a positive sign for the country amid the global economic downturn. On another positive note, buyers are also taking in products they previously kept on hold or asked not to ship, say RMG exporters. Neela Hosna Ara, chairperson of Crony Group, one of the country’s top knitwear exporters, said that currently many buyers are in town and are making more inquiries as well as placing more orders than in the past few months. However, entrepreneurs have pointed out that despite an increase in inquiries, buyers are quoting low prices. They said Bangladesh produces a bigger chunk of basic apparel items, demand for which is higher than any other value-added products. Besides, the trend of buyers shifting orders from China – as the country is still in Covid-induced lockdown – has proved to be beneficial for Bangladesh.

Source: https://www.tbsnews.net/economy/rmg/apparel-orders-pick-after-three-dull-months-537138

Industries starting to flourish following Covid-19

Factories at the industrial estate of the Bangladesh Small and Cottage Industries Corporation (BSCIC) in Jhenaidah are starting to flourish after being under threat of closure amid the pandemic years from 2019 to 2021. The industrial estate was established in 1988 on 15.70 acres of land alongside the Jhenaidah-Dhaka highway in Dhanharia village, according to BSCIC officials. With all 101 plots in the BSCIC estate already allocated for various industries, just five units in the area are currently inoperative as their owners will soon be changed. Total investments in the industrial area amount to Tk 207.67 lakh while some 97 per cent of the service charge levied on factories is realised each month.

Source: https://www.thedailystar.net/business/economy/news/industries-starting-flourish-following-covid-19-3176801

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
↑ 397.82 ↑ 1.18%
FTSE100$7,452.84↑ 75.99↑ 1.03%
Nikkei 225$28,115.74↑ 170.95↑ 0.61%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$80.83 ↓ 0.12 ↓ 0.15%
Crude Oil (Brent)$88.22 ↓ 0.14 ↓ 0.16%
Gold Spot$1,733.86↓ 6.39↓ 0.37%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 105.9500
BDT 105.9500

*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