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 30, 2022

BB okays MFS providers to bring remittance directly

Bangladesh Bank has allowed mobile financial service (MFS) providers to bring inward remittance, in order to increase remittance inflow.The foreign exchange policy department of Bangladesh Bank issued a circular in this regard on Tuesday, according to UNB.According to the circular, authorised dealers can make drawing arrangements directly with exchange houses abroad without prior permission from Bangladesh Bank.Authorised dealers are also allowed to go for drawing arrangements without letters of reference or certificates from the Bangladesh embassy or high commission of the respective country.In order to bring wider flexibility, MFS providers will be allowed to repatriate wage earners’ remittance in association with internationally recognised online payment gateway service providers, banks, digital wallets, card schemes, and aggregators abroad, said the Bangladesh Bank notification.In this context, MFS providers must have standing arrangements with foreign PSPs to receive foreign currency in their account, and equivalent taka value will be credited to the wage earners’ MFS accounts.

Source: https://thefinancialexpress.com.bd/economy/bb-okays-mfs-providers-to-bring-remittance-directly-1669725552

Dozen cos plan to raise Tk700cr from stock market for expansion

A dozen companies are planning to raise around Tk700 crore funds from the capital market through initial public offering (IPO). They intend to go for business expansion with the new capital infusion. The business entities are choosing the stock market for sourcing finance at a time when bank money has become costlier amid liquidity crunch.Most of the fund raisers are small companies that are trying to recover from pandemic-induced losses but finding it difficult to get bank financing.But, some big groups are also planning to raise funds from the stock market aiming to gain reputation for their subsidiaries and attract foreign investors.For instance, Partex Group, one of the largest conglomerates in the country, is hunting for foreign investments for its affiliate company Partex Cables to set up a backward linkage industry that will supply raw materials for manufacturing cables.

Source: https://www.tbsnews.net/economy/stocks/dozen-cos-plan-raise-tk700cr-stock-market-expansion-541866

Limited designs, outdated tech plaguing SMEs

Limited knowledge of designs and outdated technologies are common problems plaguing almost all clusters of small and medium-sized enterprises (SMEs) around Bangladesh, said speakers at a seminar yesterday.According to SME Foundation, clusters are a concentration of enterprises within a geographical location producing similar products or services and having common strengths, weaknesses, opportunities and threats.Most SME clusters produce almost similar products throughout their life but customers’ choices are changing every day and they are not willing to purchase products of the same design, quality or shape at a high price, they said.As a result, they are attracted to imported good-looking products, even when those are of a lower quality and cost more, they added.

Source: https://www.thedailystar.net/business/economy/news/limited-designs-outdated-tech-plaguing-smes-3182971

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
↑3.07 ↑0.01%
FTSE100$7,512.00↑37.98 ↑0.51%
Nikkei 225$27,938.74↓89.10↓0.32%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$78.55↑0.35↑0.45%
Crude Oil (Brent)$83.90↑0.87 ↑1.05%
Gold Spot$1,753.56 ↑3.71↑0.21%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 102.4800
BDT 104.0000

*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