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 7, 2023

Agricultural prices may fall by 7% in 2023

The prices of agricultural products are projected to fall by 7 percent in 2023, according to the World Bank’s latest Commodity Markets Outlook report. The global lender also forecasted that the agricultural prices will see a further 2 percent decline in 2024 and 2025 thanks to ample supplies. It said the baseline forecasts assume that the latest conflict will have a limited impact on commodity prices, with prices ultimately being driven by fundamental demand and supply factors. Prior to the latest conflict in the Middle East, agricultural commodity prices fell 3 percent in the third quarter, mainly driven by declines in the price of food. The food price index fell by 3 percent, led by a 7 percent drop in grains. The non-renewal of the Black Sea Grain Initiative, India’s export ban of non-basmati rice, and the impending El Niño drove volatility in agricultural prices, but ample supplies kept prices on a mild downward trend. Following a more than 11 percent fall in 2023, the grains price index is projected to fall by 4 percent on average in 2024 and 2025 amid ample supplies and adequate stock levels.

Source: https://www.thedailystar.net/business/global-economy/news/agricultural-prices-may-fall-7-2023-wb-3463046

 IDCOL funds Sirajganj Economic Zone

The Infrastructure Development Company Limited (IDCOL), a government-owned financial institution, has extended significant financial support to Sirajganj Economic Zone Limited (SEZL) for the establishment of a 1035-acre economic zone, making it the largest private economic zone in Bangladesh. IDCOL’s approval of Tk 1,725 million in debt financing underscores its commitment to supporting large-scale infrastructure projects in the private sector. As of now, IDCOL has already disbursed Tk 725 million for the development of on-site and off-site facilities for SEZL. The Sirajganj Economic Zone is expected to facilitate both local and foreign investments, attracting substantial foreign investment to the private sector of Bangladesh. The economic zone is expected to create employment opportunities for some 500,000 individuals, contributing significantly to the region’s economic growth.

Source: https://today.thefinancialexpress.com.bd/trade-market/idcol-funds-sirajganj-economic-zone-1699286236

 HSBC Bangladesh hosts event promoting Japan–Bangladesh business opportunities

The Hongkong and Shanghai Banking Corporation Limited (HSBC) in Bangladesh has recently organised a corridor event titled “Japan – Bangladesh Business Corridor: Legacy and the Future” for its Japanese stakeholders. The event aimed to celebrate the longstanding relationship and strengthen the business engagement between the two countries. Dignitaries from Japanese businesses operating in Bangladesh and other stakeholders graced the event. Since Bangladesh’s independence, Japan has established itself as a major bilateral development partner of the budding nation.

Source: https://www.dhakatribune.com/business/banks/330251/hsbc-bangladesh-hosts-event-promoting

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,095.86
↑ 34.54↑ 0.10 %
FTSE100$ 7,417.76↑ 0.03↑ 0.00 %
Nikkei 225$ 32,301.93↓ 406.55↓ 1.24 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 80.40↓ 0.42 ↓ 0.52 %
Crude Oil (Brent)$ 84.69 ↓ 0.49↓ 0.58 %
Gold Spot$ 1,971.45↓ 6.69↓ 0.34 %

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