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, 2023

Dollar rates now reduced for exporters, importers, remitters

After over a year, foreign-currency dealers and bankers in Bangladesh reduced the raised exchange rate of the US dollar by Tk 0.50 across the board–for remittances, export proceeds and import payments. As per the latest decision, exporters and remitters will now receive Tk 110 per dollar, down from the existing rate of Tk 110.50. Importers will now need to pay little lower, Tk 110.50, to purchase an American greenback from banks, compared to the previous rate of Tk 111. The austerity measure amid forex crunch cast its fallout on production and consumption both through fall in capital-goods import and price rises for short supply and inflation.

Source: https://today.thefinancialexpress.com.bd/first-page/dollar-rates-now-reduced-for-exporters-importers-remitters-1700676897

Chinese company to invest $28.20m in Uttara EPZ

Chinese company M/s United Spinning and Dyeing Ltd is going to invest $28.20 million to set up a Dyed Textile Yarn manufacturing industry in Uttara Export Processing Zone (EPZ).  To this end, Bangladesh Export Processing Zones Authority (Bepza) signed an agreement with the company at Bepza Complex, Dhaka on Monday (20 November). United Spinning and Dyeing Limited will create employment opportunities for 1,816 Bangladeshis and produce 12,000 tonnes of dyed textile yarn annually.

Source: https://www.tbsnews.net/economy/chinese-company-invest-2820m-uttara-epz-743046

 PHP plans to invest Tk500cr in three new products

PHP Float Glass Industries Limited, one of the leading glass manufacturers in the country, is set to invest Tk500 crore to introduce three new products – bending glass, fibreglass net, and aluminium ladders. As part of such expansion, PHP Float Glass Industries is establishing three new plants at its factory area in Barabkunda, Chattogram. Before deciding on this new investment, the company conducted market research and identified 10,000 furniture producers across the country with demand for the three products. For bending glass, used in furniture such as tea tables, PHP plans to establish a plant with a monthly capacity of producing 30,000-50,000 square feet, targeting small furniture producers. PHP Float Glass Industries was established in 2004 in Chattogram with an investment of around Tk1,500 crore on 24.27 acres of land. The company has the capacity to meet 40% of the country’s demand for float glass.

Source: https://www.tbsnews.net/economy/industry/php-plans-invest-tk500cr-three-new-products-743334

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 35,273.03
↑ 184.74↑ 0.53 %
FTSE100$ 7,469.51↓ 12.48↓ 0.17 %
Nikkei 225$ 33,451.83↑ 97.69↑ 0.29 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 76.30 ↓ 0.80 ↓ 1.04 %
Crude Oil (Brent)$ 81.00 ↓ 0.96↓ 1.17 %
Gold Spot$ 1,995.48↑ 5.31↑ 0.27 %

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