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 September 13, 2022

BD can earn $20b more from exports to EU, UK

Bangladesh could earn an additional US$20 billion through export of goods to the European Union (EU) and the United Kingdom (UK), as full potentials of the markets still remain untapped, according to the findings of a latest study. The country fetched about $28 billion from the EU and the UK in last fiscal year, 2021-22, marking a 32 per cent export growth, of which some $26 billion came from ready-made garment (RMG) exports, according to data. The EU and the UK jointly account for 45 per cent of the global apparel market with more than $200 billion annual import, according to the study – conducted by the Research and Policy Integration for Development (RAPID).

Source: https://thefinancialexpress.com.bd/economy/bd-can-earn-20b-more-from-exports-to-eu-uk-1663037928

Bangladesh Bank increases dollar price by Tk1 to Tk96

Central bank sources confirmed the increase in the exchange rate. A day ago, the central bank had traded dollars for Tk95 each. On the same day, banks capped the rates of the dollar at Tk108 for remittance inflows and Tk99 for export proceeds as part of an effort to curb volatility in the country’s foreign exchange market. The two organisations collected a maximum of Tk108 per dollar in remittances from Monday while encashing export revenue at a maximum of Tk99 per dollar. Additionally, they opened LC at Tk1 more than the weighted average of the exchange rate of remittance and export.

The interbank dollar exchange rate on Monday was Tk103.5. 

Source: https://www.tbsnews.net/economy/banking/bangladesh-bank-increases-dollar-price-tk1-tk96-495086

Manpower export sees robust growth in eight months

The country’s overseas employments in the eight months of the current year witnessed a robust growth following demands of manpower from different job-destination countries. Bangladesh sent 783925 workers abroad in the January-August period of 2022, as against 275791 in the matching period of 2021, reflecting more than 184 per cent growth, official data showed. Besides, the employments has increased over 23 per cent in August alone than that of previous month. It showed 92908 workers found jobs in August and 75,499 in July. Manpower recruiters hoped that more workers would go abroad in coming months as Malaysia started hiring workers from Bangladesh in the last month. Malaysia, a vital market for Bangladeshi workers hired 573 workers from the country in August under the new deal, signed between the two countries in 2021. The South East Asian country is expected to recruit more than 500,000 workers from Bangladesh in the next three years.

Source: https://thefinancialexpress.com.bd/economy/bangladesh/manpower-export-sees-robust-growth-in-eight-months-1662777787

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
↑229.63↑ 0.71%
FTSE100$7,473.03↑ 121.96↑1.66%
Nikkei 225$28,576.40 ↑ 34.29↑0.12%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$87.56 ↓ 0.22↓ 0.25%
Crude Oil (Brent)$93.68↓ 0.32↓ 0.34%
Gold Spot$1,721.70 ↓ 2.84↓0.16%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 95.0000
GBP 1BDT 110.1145
EUR 1BDT 95.4085

*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