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 20, 2022

Bangladesh to be 9th largest consumer market by 2030

Bangladesh is expected to be the ninth-largest consumer market globally by 2030, leaving behind the United Kingdom and Germany, said a report by HSBC Global Research yesterday. “Bangladesh is expected to see the fastest growth in its consumer market – that is, the population earning more than $20 per day in constant Purchasing Power Parity terms – in the current decade.” HSBC prepared the Flying Dutchman’ report titled “Asia’s Shoppers in 2030” based on its new proprietary demographic database. In 2021, Bangladesh was the 16th largest consumer market globally.  Bangladesh has registered steady economic growth in recent years. With a population of 16.5 crore, the nation has seen a 6.15 per cent expansion in its gross domestic product on average since 2000. “Vietnam, Bangladesh, and India are expected to see the biggest increase in consumer spending in the current decade,” said the report.

Source: https://www.thedailystar.net/business/economy/news/bangladesh-be-9th-largest-consumer-market-2030-3147411

India’s experience in SME dev can be used in Bangladesh

Bangladesh may use the Indian experience in the development of its small and medium enterprises, analysts said at a discussion between the CII and FMC delegations at the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) office in Dhaka yesterday. For developing cooperation, SME Foundation Managing Director Md Mafizur Rahman called for signing a memorandum of understanding between the SME Foundation and its Indian counterpart. While chairing the meeting, FBCCI President Md Jashim Uddin said Bangladesh has huge potential in the cluster-based SME sector. Both countries can benefit if Bangladesh can harness the Indian experience in flourishing small-and-medium enterprises (SMEs), he added.

Source: https://www.thedailystar.net/business/economy/news/indias-experience-sme-dev-can-be-used-bangladesh-3147346

Bankers call for lifting circuit breaker on T-bond transactions

Bankers, in a meeting with the capital market regulator on Wednesday, called for lifting the circuit breaker to popularise the bond market. To increase the treasury bond transactions, the bankers came up with some other demands which they said are essential for a vibrant bond market. On 10 October, trading of treasury bonds began on the Dhaka Stock Exchange on an experimental basis. There is a 2% circuit breaker on the trading. The ceiling resulted in banks, who are reluctant to sell, holding most of the bonds. This has created a supply crunch as the market shows a significant demand.  In this situation, the regulator Bangladesh Securities and Exchange Commission (BSEC) sat with the treasury heads of all banks and sought cooperation to make treasury bond transactions vibrant. The regulator also sought bankers’ cooperation to further increase investment in the capital market by banks.

Source: https://www.tbsnews.net/economy/stocks/bankers-call-lifting-circuit-breaker-t-bond-transactions-516614

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 30,423.81
↓ 99.99 ↓ 0.33%
FTSE100$ 6,924.99↓ 11.75↓ 0.17%
Nikkei 225$26,873.51↓ 373.55↓ 1.37%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$85.98 ↑ 0.43↑ 0.50%
Crude Oil (Brent)$92.32 ↓ 0.09↓ 0.10%
Gold Spot$1,626.52 ↓ 2.92↓ 0.18%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 100.0500
BDT 105.0000

*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