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 October 04, 2022

Rising manpower exports see falling remittance

While manpower export has been rising substantially since the beginning of the year, remittance inflow shows a completely opposite trend, falling drastically in September and putting foreign exchange reserves under more stress. This paradoxical situation is blamed on two reasons – the remittance rate cap and digital hundi. Bangladesh sent 7.84 lakh workers in the first eight months of the current year, nearly double the 2.76 lakh sent in the same period last year. Of these workers, 88% went to the Gulf countries, which are less affected by the global crisis due to the surge in oil price, meaning the workers’ earnings were not affected.The otherwise positive numbers, however, were blighted by dipping remittance inflow, which fell to a seven-month low at $1.5 billion in September after banks fixed the remittance rate at Tk108 per dollar in the second week of that month.Monthly cash in transactions in the MFS industry surged by 50% to Tk27,419 crore in June compared to the same month last year. Cash out transactions increased by 69.5% to Tk26,692 crore during the same period, according to Bangladesh Bank data.The Bangladesh Bank has set the daily transaction limit for an MFS account holder at Tk25,000 for cash out and Tk30,000 for cash in. An individual can retain deposits of up to Tk3 lakh in an MFS account.

Source: https://www.tbsnews.net/economy/why-rising-manpower-exports-see-falling-remittance-507966

ShahjalalIslami Bank gets new MD

Mosleh Uddin Ahmed joined Shahjalal Islami Bank Limited as its Managing Director & CEO on Monday. Prior to his joining Shahjalal Islami Bank, Mr Ahmed has served as Managing Director & CEO of National Credit & Commerce (NCC) Bank and South Bangla Agriculture and Commerce (SBAC) Bank. He has an illustrious career with more than three decades of banking experience in local and foreign banks. He has also served as Additional Managing Director and Deputy Managing Director in Jamuna Bank. Mr. Ahmed also served with reputation and efficiency as Senior Executive Vice President & Head of Corporate at City Bank, as Regional Credit Head of State Bank of India and as Head of Leasing Division at Prime Bank Head Office.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/shahjalal-islami-bank-gets-new-md-1664818353

Chinese co to invest $9.58m in CEPZ

A Chinese company will set up a garments factory in Chattogram Export Processing Zone (CEPZ) with an investment of $ 9.58 million. Fully foreign owned this Chinese company-M/s. Intex Link Garments (BD) Limited will produce annually 61 million pcs of T-shirt, woven pants and jacket, ladies bra and panty, mans’ boxer and sleepwear. A total of 2659 Bangladeshi nationals will get employment opportunity in this factory. An agreement to this effect was signed between Bangladesh Export Processing Zones Authority (BEPZA) and Intex Link Garments (BD) Ltd. at BEPZA Complex.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/chinese-co-to-invest-958m-in-cepz-1664818514

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 29,490.89
↑765.38↑2.66 %
FTSE100$ 6,908.76↑14.95↑0.22 %
Nikkei 225$ 26,840.75↑624.96↑2.38 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 83.71↑0.08↑0.10%
Crude Oil (Brent)$ 89.13 ↑0.27↑0.30%
Gold Spot$ 1,696.48 ↓3.41↓0.20 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 104.4000
BDT 105.2000

*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