For corporate reporting excellence, Dhaka Bank Limited has been awarded by the ICAB
For corporate reporting excellence, Dhaka Bank Limited has been awarded by the Institute of Chartered Accountants of Bangladesh (ICAB). At a ceremony held in Dhaka recently, the bank received the award in the presence of Commerce Minister Tipu Munshi and State Minister for Planning Dr Shamsul Alam.
Most banks’ income swells on higher interest income, return from govt securities
Most of the listed banks logged a higher profit year-on-year in the nine months through September this year, as the government’s money tightening policy led to an increase in interest income and return from Treasury bonds. Twelve of the financial institutions even secured a double-digit growth during the period, compared to the corresponding period last year, reaping benefits from the central bank’s move to tame inflation. Of the 35 banks listed on the Dhaka Stock Exchange (DSE), 22 witnessed a profit growth, 10 endured a drop in income, two saw their losses widen, and one had its income static between Jan-Sept 2022 and Jan-Sept 2023. During the period, the foreign exchange gain was not as overwhelming as it was last year for the Bangladesh Bank stopped selling dollars to private banks at cheaper rates from its foreign exchange reserves.
Freelancers can now bring dollar earning in 5 minutes with Priyo Pay
Priyo Pay, a Bangladeshi fintech company, is set to be launched officially in November, promising to transfer foreign currency earnings to freelancers’ local bank accounts within five minutes. While transforming the financial landscape for Bangladeshi freelancers, the service will reduce the need to rely on foreign platforms to repatriate remittances against small value service exports in non-physical form such as data entry, data process, off-shore IT service, business process outsourcing. Freelancers have long faced difficulties repatriating their earnings. Now, what they will need is an account with Priyo Pay to get their dollar earnings transferred to local bank accounts in real time. The user will receive a Mastercard for making foreign payments.
Local and Global Stock Indices *
|Index Name||Close Value||Value Change||Percentage Change|
|↑ 222.24||↑ 0.66 %|
|FTSE100||$ 7,417.73||↓ 28.80||↓ 0.39 %|
|Nikkei 225||$ 32,734.24||↑ 784.35||↑ 2.45 %|
World Commodities *
|Commodity||Close Value||Value Change||Percentage Change|
|Crude Oil (WTI)||$ 81.00||↑ 0.49 ||↑ 0.61 %|
|Crude Oil (Brent)||$ 85.29 ||↑ 0.40||↑ 0.47 %|
|Gold Spot||$ 1,983.95||↓ 8.70||↓ 0.44 %|
Major Currencies Exchange Rates Movement in Last Seven Days *
|USD 1||BDT 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.<