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 September 08, 2022

Target $100b export by 2030: BGMEA focuses on Asia, non-cotton items

Bangladesh’s garment manufacturers are pinning their hopes on the burgeoning Asian markets and the growing use of non-cotton apparel items to elevate their export earnings to $100 billion by 2030. Garment shipment clocked 35.47 per cent year-on-year growth in the fiscal year of 2021-22, netting $42.61 billion. Due to a lack of market diversification, 73 per cent of Bangladesh’s garment exports are limited to nine countries — the US, Germany, the UK, Spain, France, Italy, the Netherlands, Canada, and Belgium. Under the initial assessment, the BGMEA and the two partners are looking at the Asian markets as a major destination alongside the existing top three destinations, namely the European Union, the US, and Canada Asia’s apparel market is projected to be $613.70 billion in 2022, with the market expected to grow annually by 5.35 per cent from 2022 to 2026, according to German market and consumer data provider Statista. Among the Asian countries, garment shipment from Bangladesh to Japan has already moved past the $1-billion mark. It rose 16.27 per cent to $1.09 billion in the last fiscal year. In total, receipts from garment shipment in the non-traditional markets were estimated at $6.37 billion, an increase of more than 25 per cent to $5.08 billion in FY21.

Source: https://www.thedailystar.net/business/economy/news/bgmea-focuses-asia-non-cotton-items-3113966

Rubber industry’s contribution to nat’l economy rising

Contribution of the rubber industry to the national economy is increasing with a steady progress in the production of high quality rubber and rubber export. Bangladesh Forestry Development Corporation has created 18 rubber plantations on about 40,000 acres of land. To involve the private sector, 33,000 acres of government land in Chittagong Hill Tracts have been leased for rubber cultivation, according to the environment ministry.

Source: https://today.thefinancialexpress.com.bd/trade-market/rubber-industrys-contribution-to-natl-economy-rising-speakers-1662570625

100 firms to join int’l expo on printing technology, packaging from 8-10 Sept

Around 100 companies from home and abroad will participate in a twin expo on printing technology and packaging to be held from 8-10 September under one roof in the capital. Printing Industries Association of Bangladesh and ASK Trade and Exhibitions Pvt Ltd are jointly arranging the 2nd edition of PRINTECH Bangladesh 2022, an international technology trade show on printing machinery, parts, and consumables at the International Convention City Bashundhara. Together with Events Pvt Ltd of India, Futurex Trade Fair is organizing 3P Bangladesh, an international trade show relating to paper, plastic, and packaging at the same venue. Now about 7,000 printing industries are operating throughout the country out of which almost 2,000 printing houses can be considered modern and updated in technology. The current market size of the printing industry is over Tk4,000 crore a year, out of which Tk160 crore is export-oriented. Moreover, about 3 lakh people are engaged in this sector.

Source: https://www.tbsnews.net/economy/industry/100-firms-join-intl-expo-printing-technology-packaging-8-10-sept-492070

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 31,581.28
↑ 435.98↑ 1.40 %
FTSE100$ 7,237.83↓ 62.61↓ 0.86 %
Nikkei 225$ 27,992.25 ↑ 561.95 ↑ 2.05 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 82.83↑ 0.89↑ 1.09 %
Crude Oil (Brent)$ 88.84↑ 0.84↑0.95 %
Gold Spot$ 1,715.75↓ 2.62↓ 0.15 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 95.0000
GBP 1BDT 109.4780
EUR 1BDT 94.1070

*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