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

Click to Close

Rate last updated: 02/01/2014 11:15:04 AM

Daily Business News Flash October 15, 2020

Bangladesh set to surpass India in per capita GDP

Bangladesh is set to surpass India in terms of per capita gross domestic product (GDP) in 2020 thanks to robust agriculture production, exports and remittance despite the coronavirus pandemic, in another testimony to the country’s steadily growing economy. According to the International Monetary Fund’s latest World Economic Outlook report, Bangladesh’s per capita GDP would rise to $1,887.97 at current prices at the end of this year, up 3.96 per cent from $1,816.04 in 2019. India’s per capita GDP would fall to $1,877 in 2020, a decline of 10.3 per cent. Bangladesh’s progress was appreciated by the Indian media yesterday. Besides, during the intervening period, while India’s savings and investments remained lukewarm, the corresponding numbers for Bangladesh saw a sizeable surge, the Economic Times of India reported. Five years ago, India’s per capita GDP was nearly 40 per cent higher than that of Bangladesh. In the last five years, Bangladesh’s per capita GDP has grown at a compound annual growth rate of 9.1 per cent, against 3.2 per cent growth posted by India for the period. Apart from Bangladesh, only two countries in South Asia, namely Bhutan and Nepal, would register positive growth in the per capita GDP, expanding by 2.2 per cent and 3.4 per cent respectively in 2020. Pakistan’s per capita GDP was $1,348.68 in 2019. Its figure for 2020 was not available in the IMF’s report. In Asia, only Egypt, Timor-Leste and Turkmenistan are ahead of Bangladesh in per capita GDP growth terms, expanding by 17 per cent, 16.25 per cent and 4.5 per cent respectively. China, the world’s second-largest economy, would see its per capita GDP growth rise at 3.01 per cent. In Africa, only Malawi’s per capita GDP growth would be higher than that of Bangladesh as it would expand by 5.65 per cent. Per capita GDP for India is likely to grow 8.2 per cent to $2,030 next year. Bangladesh’s per capita GDP would grow by 5.4 per cent to $1,990 in the year.

Source: https://www.thedailystar.net/business/news/bangladesh-set-surpass-india-capita-gdp-1978285

SIBL started the operation of opening e-Account through its mobile app “SIBL NOW”

SIBL started the operation of opening e-Account through its mobile app “SIBL NOW”. Managing Director & CEO Quazi Osman Ali inaugurated the launching programme as the chief guest through virtual platform on Wednesday at the head office in the city. MISL is the vendor of the mobile app.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/sibl-started-the-operation-of-opening-e-account-through-its-mobile-app-sibl-now-managing-director-ceo-quazi-osman-ali-1602691315

EBL launches Inward Remittance Services for cardholders

Eastern Bank Limited (EBL) launched Inward Remittance Services for EBL Visa Cardholders through a zoom conference on Tuesday. This new service will enable EBL Visa Cardholders to receive foreign remittances almost instantly. At the moment, EBL customers will require EBL Visa Debit Travel Quota Card to receive foreign remittances. Soon other EBL card products will be enabled to receive inward remittances. Remitters will be able to send $2500 per transaction using one card, up to five transactions a month per card, and 30 transactions a year per card. Launching the service, Managing Director and CEO of EBL, Ali Reza Iftekhar said, “Bangladesh received over $18.32B in remittances in 2019 with Malaysia and Singapore together accounting for over $1.6B dollars.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/ebl-launches-inward-remittance-services-for-cardholders-1602691671

EU can slap tariffs on U.S. goods over Boeing aid: WTO

The World Trade Organization (WTO) on Tuesday ruled that the European Union (EU) can impose tariffs on U.S. products worth around 4 billion U.S. dollars, in retaliation for government subsidies given to the aircraft manufacturer Boeing. The WTO said in an arbitration decision that the level of countermeasures, amounting to 3.99 billion dollars, is commensurate with the adverse effects suffered by Boeing’s European rival Airbus in terms of lost sales and impeded imports and exports of its aircraft. The long-standing issue between the EU and the U.S. began in 2004, when the U.S. accused France, Spain and Germany-also known as the “Airbus member states”-of providing illegal subsidies and grants to support the production of a range of Airbus products. Following prolonged legal proceedings, the WTO allowed the U.S. to take countermeasures against European exports worth up to 7.5 billion dollars in October 2019. The basis for this was a 2018 decision that found that the EU and the “Airbus member states” had not fully complied with previous WTO rulings with regard to Repayable Launch Investment for the A350 and A380 programs.

Source: https://today.thefinancialexpress.com.bd/trade-market/eu-can-slap-tariffs-on-us-goods-over-boeing-aid-wto-1602689455

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 28,514.00
↓ 165.81↓ 0.58 %
FTSE100$ 5,935.06↓ 34.65↓ 0.58 %
Nikkei 225$ 23,490.56↓ 136.17↓ 0.58 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 41.10↑ 0.06↑ 0.15 %
Crude Oil (Brent)$ 43.39↑ 0.07↑ 0.16 %
Gold Spot$ 1,897.29↓ 4.23↓ 0.22 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8000
GBP 1BDT 109.7397
EUR 1BDT 99.6230
INR 1BDT 1.1553





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