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 9, 2023

Bankers asked not to offer over Tk 115

Two top bodies of bankers yesterday asked lenders not to offer over Tk 115 for one US dollar when conducting the exchange with Bangladeshi migrants working abroad, according to insiders. The decision comes against the backdrop of some banks offering as much as Tk 124 for a greenback in an effort to encourage remitters to send their earnings home through formal channels instead of informal money transfer systems called “hundi”. The Bangladesh Foreign Exchange Dealers’ Association (BAFEDA) and Association of Bankers’ Bangladesh (ABB) had fixed it at Tk 111 per US dollar. At the meeting on October 31, the two bodies decided to buy each US dollar from exporters at Tk 110.5 from the next day, effectively hiking the then rate by Tk 0.5. At a previous meeting on October 22, both the associations decided to let banks offer a 2.5 percent higher purchase rate at their own expense when availing US dollars from remitters. They were, however, asked to maintain proper records for verification by the banking regulator. Inflow of remittance, a major source of foreign currency for Bangladesh, declined 4.3 percent year-on-year to $6.8 billion in the July-October period of the current fiscal year of 2023-24.

Source: https://www.thedailystar.net/business/economy/news/bankers-asked-not-offer-over-tk-115-3465036

 Women entrepreneurs can get collateral-free loan up to Tk50 lakh

The Bangladesh Bank has unveiled a new loan guarantee scheme to bolster women entrepreneurs, under which a maximum of Tk50 lakh can be borrowed with the central bank’s backing. Women entrepreneurs will get the support both in working capital and term loans. This guarantee will not charge any fees and banks will provide the facility if a customer applies for it. Under the scheme, banks and financial institutions have to submit their annual targets for loan distribution to the central bank. The Bangladesh Bank will provide loan guarantees to banks accordingly. The central bank yesterday launched two new guarantee scheme facilities. One is a guarantee for loans under a Tk3,000-crore scheme for women entrepreneurs, and the other is a guarantee under a Tk1,400-crore scheme for agricultural entrepreneurs. The central bank has two other schemes to guarantee loans at consumer level – a Tk25,000-crore pre-financing scheme for Cottage, Micro, Small & Medium Enterprises (CMSME) sector and a Tk500-crore financial inclusion scheme for Tk10-50 account holders.

Source: https://www.tbsnews.net/economy/women-entrepreneurs-can-get-collateral-free-loan-tk50-lakh-735898

 Bangladesh Denim Expo begins in Dhaka

The 15th edition of the Bangladesh Denim Expo began at the International Convention City Bashundhara (ICCB) in Dhaka today where Bangladesh is taking part as the top denim exporter in the world. Eighty exhibitors from 12 countries are participating in the two-day expo this year with registered 5,000 visitors from home and abroad. Bangladesh is the second largest apparel exporting country in the world but in case of denim the country is the largest exporter both in the EU and the USA, Commerce Minister Tipu Munshi said while inaugurating the expo.

Source: https://www.thedailystar.net/business/news/bangladesh-denim-expo-begins-dhaka-3464731

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,112.27
↓ 40.33↓ 0.12 %
FTSE100$ 7,401.72↓ 8.32↓ 0.11 %
Nikkei 225$ 32,503.56↑ 337.08↑ 1.05 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 75.47↑ 0.14 ↑ 0.19 %
Crude Oil (Brent)$ 79.69 ↑ 0.15↑ 0.19 %
Gold Spot$ 1,949.23↓ 0.97↓ 0.05 %

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