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 24, 2022

Bangladesh’s economy still safe enough despite global recession: PM

Prime Minister Sheikh Hasina today said the country’s economy still remains vibrant and safe enough despite the entire world is going through an economic recession due to the Covid-19 pandemic, Russia-Ukraine war, and sanctions.”I can say that our economy is still vibrant and safe enough although the entire world is witnessing economic meltdown due to the Covid-19, Russia-Ukraine war, and sanctions,” she said.The prime minister said her government is very much alert and active to overcome the global recession.She said this while addressing a ceremony at the parade ground of the Bangladesh Air Force Academy here marking the President Parade (Winter)-2022.The premier directed the newly-commissioned Bangladesh Air Force cadets to be responsive towards the country and its people while discharging their professional duties being imbued with patriotism, sincerity, and integrity.She simultaneously asked the newly commissioned cadets to remain prepared all the time to enhance professional excellence with proper utilisation and practice of the training achieved from the air force academy.The prime minister asked the fresher to put emphasis on training as it increases excellence.

Source: https://www.tbsnews.net/bangladesh/bangladeshs-economy-dynamic-and-safe-pm-hasina-538154

Banks thrive on fees but core business suffers

Most of the listed banks in Bangladesh logged higher profits in the January to September period of 2022 on the back of increased incomes from commissions and fees whereas their core business suffered from the slowdown in the economy. Despite a lower turnover in the stock market owing to the Russia-Ukraine war-induced uncertainty, banks collectively posted more than 72 per cent rise in incomes through commission and fees after their revenue rose for the surge in the US dollar price against the taka.The local foreign exchange market turned volatile after the shortage of the American greenback hit the country following the unprecedented jump in import bills fuelled by the conflict.Of the 31 banks listed on the Dhaka Stock Exchange (DSE), 18 logged higher profits and 11 saw lower profits in the first nine months this year. One incurred loss.

Source: https://www.thedailystar.net/business/economy/news/banks-thrive-fees-core-business-suffers-3177951

Import-export registration certificate tenures extended to 5yrs

The government has extended the tenures of the Import Registration Certificate (IRC) and the Export Registration Certificate (ERC) to five years from one year.The government has come up with the move as part of its effort to ease of doing business in the country.The commerce ministry published a circular to this end on November 23.Businesses have been demanding to extend the terms of IRC and ERC to five years.The fee would be realised according to the tenure of the certificates, the circular said.

Source: https://www.thedailystar.net/business/news/import-export-registration-certificate-tenures-extended-5yrs-3178136

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
↑95.96 ↑0.28%
FTSE100$7,465.24 ↑12.40 ↑0.17%
Nikkei 225$28,383.09↑267.35↑0.95%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$77.42 ↓0.52 ↓0.67%
Crude Oil (Brent)$84.72 ↓0.69 ↓0.81%
Gold Spot$ 1,757.26 ↑7.58↑0.43%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 103.0600
BDT 105.6700

*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