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 27, 2022

$2b to be sought from central bank for fuel import

Nasrul Hamid, state minister for the Ministry of Power, Energy, and Mineral Resources, and Salman F Rahman, prime minister’s private industry and investment adviser, have assured businesses that they will pursue the Bangladesh Bank for $2 billion to import fuel, according to sources present at a meeting between the government policymakers and business leaders. They will also request the central bank to raise the Bangladesh Petroleum Corporation’s LC limit to import more furnace oil.To this end, Nasrul Hamid and Salman F Rahman will meet with Bangladesh Bank Governor Abdur RoufTalukder next week.At the meeting, the state minister told Salman F Rahman, “If we cannot support businesses at this time of crisis, what will we do with $36 billion in our reserves? You keep $2 billion aside for them [industries] and let me handle the whole situation.” If $1 billion is spent on fuel imports for industries, it will pay back $4 billion in the form of export earnings, meeting sources quoted Nasrul Hamid as saying.

Source: https://www.tbsnews.net/bangladesh/energy/2b-be-sought-central-bank-fuel-import-520754

Bangladesh an attractive business hub, says US envoy

Terming Bangladesh attractive as a trade destination, US Ambassador in Dhaka Peter D Haas said the more US companies explore Bangladesh market, the better the possibility of investment from them.US investors are very keen on sectors like digital economy, renewable energy, infrastructure, agricultural technology and service sector here, he cited.He said this at a press conference, hosted by the American Chamber of Commerce in Bangladesh (AmCham) at a city hotel on Tuesday, on the upcoming three-day ‘US Trade Show-2022’.With AmCham president Syed Ershad Ahmed in the chair, AmCham vice-president Syed Mohammad Kamal, executive director Md Shahadat Hossen and member Mirza ShajibRaihan also addressed the event.The 28th trade show, co-sponsored by the AmCham and the US Embassy, will be held at Pan Pacific Sonargaon Hotel from October 27-29.The envoy said the trade show is quite significant as both Bangladesh and the USA are celebrating 50 years of their diplomatic relationship.

Source: https://thefinancialexpress.com.bd/economy/bangladesh-an-attractive-business-hub-says-us-envoy-1666757501

CSR spending of banks, other FIs double in H1

Islamic banking veteran Salim Anwar has joined Padma Bank Limited as its head of the Islamic banking division.Fourth generation Padma Bank Limited is going to launch a Shariah-based ‘Padma Bank Islami Banking’ division. Initiatives have already been taken to open Islamic banking windows in some branches, reports UNB citing a press release. Before joining Padma Bank, Salim Anwar was the Head of the Internal Control and Compliance Wing at Islami Bank Bangladesh Limited.He started his banking career at Islami Bank Bangladesh Ltd as a probationary officer in 1992. During his 30 years career, Salim Anwar served in Commercial Investment Department, Investment Policy and Planning Department and Musharaka Department in the Head Office and various branches.Besides, he served as Head of Branch in different branches for 16 years including two corporate branches.

Source: https://thefinancialexpress.com.bd/trade/csr-spending-of-banks-other-fis-double-in-h1-1666837497

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
↑ 2.37 ↑ 0.01%
Nikkei 225$27,380.48↓51.36↓0.19%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$88.10 ↑0.19↑0.22%
Crude Oil (Brent)$95.89 ↑0.20↑0.21%
Gold Spot$1,666.19↑1.62↑0.10%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 100.5200
BDT 103.5600

*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