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 22, 2023

Banks asked to disburse remittance in two days

Bangladesh Bank has asked banks to disburse remittances among beneficiaries within two days of receiving it from senders abroad. The central bank framed rules in 2014 stipulating that the disbursement must be made within two days to encourage remittance transfers through formal channels. The move comes at a time when Bangladesh is facing a shortage of foreign currencies for the smooth settlement of external payments, including import bills, while remittance inflows through banking channels have declined. However, 11.37 lakh Bangladeshis, the highest on record, went abroad for jobs in the fiscal year 2022-23, according to data from the Bureau of Manpower, Employment and Training. Remittance earnings slipped 13.34 percent year-on-year to $4.9 billion in the July-September period of the current fiscal. September was the third consecutive month to witness a fall in remittance inflow. Last month, migrant workers sent home $1.34 billion, down 12.7 percent year-on-year and a 41-month low. The daily average flow of remittance was $60 million in October, up from $45 million in September.

Source: https://www.thedailystar.net/business/economy/news/banks-asked-disburse-remittance-two-days-3447886

Renewable energy can create 9,300 jobs by 2030

The nation’s power sector will create at least 9,300 jobs in the renewable energy sector if the government can fulfil its target of renewable energy usage by 2030, a study conducted by the Centre for Policy Dialogue (CPD) found yesterday. It said the country would need an integrated and comprehensive plan to enhance the skills of manpower through proper training and re-training alongside curriculum development in universities. It mentioned the target of the Mujib Climate Prosperity Plan, which aims to make the country capable of generating at least 6,000 megawatts (MW) of electricity from renewable sources, including solar power plants and wind farms, by 2030. This will result in a 27.8 percent reduction in the use of fossil fuels and an 80.1 percent increase in renewable energy use within seven years.

Source: https://www.thedailystar.net/business/economy/news/renewable-energy-can-create-9300-jobs-2030-3447831

BSRM Steels gets $50m Jica loan

The Japan International Cooperation Agency (Jica) has committed a $50-million loan to private sector firm BSRM Steels Limited for the construction of an environmentally sustainable steel plant, marking the first instance of Jica’s loans to a private sector manufacturing company in Bangladesh. This investment is a strategic move aimed at rejuvenating Bangladesh’s private sector, as emphasised by Jica in a statement published on its website. Jica signed the loan agreement on 4 October. A ceremony to commemorate the signing was held in Mirsharai of Chattogram on 17 October. The total project cost for the steel plant amounts to $108 million, equivalent to Tk1,188 crore at the current exchange rate, with Jica contributing nearly half of the required funding.

Source: https://www.tbsnews.net/economy/industry/bsrm-steels-gets-game-changing-50m-jica-loan-724130

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,127.28
↓ 286.89↓ 0.86 %
FTSE100$ 7,402.14↓ 97.39↓ 1.30 %
Nikkei 225$ 31,259.36↓ 171.26↓ 0.54 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 88.08↓ 0.29 ↓ 0.33 %
Crude Oil (Brent)$ 92.16 ↓ 0.22↓ 0.24 %
Gold Spot$ 1,981.40↑ 6.94↑ 0.35 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 110.5000
BDT 110.5000

*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