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 14, 2022

Bangladesh leads global denim market

Bangladesh’s dominance in the global denim market has continued thanks to a surge in demand driven by the trade tension between the US and China. Owing to higher demand, denim product manufacturers have surpassed their Chinese counterparts in Europe and the US, the two major export destinations for Bangladesh.Bangladesh exported denim products worth $689.69 million to European Union in the January–June period of 2022, registering a 37.26 per cent year-on-year growth, according to data from the Export Promotion Bureau and the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).

Source: https://www.thedailystar.net/business/economy/news/bangladesh-leads-global-denim-market-3118961

Bangladesh exports its largest ever container ship to UK

Bangladesh on Tuesday exported a locally built 6100-tonne load capacity high-speed multipurpose container ship to the UK.This is the largest container ship built in the country that has been exported, according to the ship’s builder.

Ananda Shipyard, a Bangladeshi shipbuilding company, has built the ship as per the requirements of UK-based Enzian Shipping Company Ltd.The vessel was officially handed over today through a ceremony held at InterContinental Dhaka. State Minister for Shipping Khalid Mahmud Chowdhury was present as the chief guest at the function, reports UNB.

The National Board of Revenue’s Member (Customs Policy) Hossain Ahmed; Director General of Shipping Directorate, Commodore NizamulHaque; Islami Bank Managing Director and CEO MonirulMawla; Chairman of Ananda Shipyard, DrAbdullahel Bari, and Managing Director Afroza Bari also spoke in the function.DrAbdullahel Bari said that the ship is 364 feet long, 54 feet wide and 27 feet high. The ship’s engine capacity is 4130 horsepower, speed is 12.5 nautical miles and capacity is 6100 tonnes.

Source: https://thefinancialexpress.com.bd/trade/bangladesh-exports-its-largest-ever-container-ship-to-uk-1663076841

Dollar little cheaper for importers

A relative calm appears after the storm on Bangladesh’s forex market as exchange rate for importers fell slightly Tuesday while interbank transactions also saw a revamp, bankers said.The central bank has already intensified monitoring on the foreign-exchange (forex) market using its ‘dashboard’ to known about the rates for exporters, importers and the overseas exchange houses instantly.”We’ll act considering the market’s latest situation,” a senior official of the Bangladesh Bank (BB) told the FE about the market-driven exchange regime broached by bankers as a panacea for treating forex volatility.He wouldn’t elaborate.Earlier on February12, 2013, the central bank launched an electronic system-generally known as ‘dashboard’-for monitoring all kinds of foreign-exchange transactions to check fraud and forgery in the country’s banking sector.

Source: https://thefinancialexpress.com.bd/trade/dollar-little-cheaper-for-importers-1663123288

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
FTSE100$7,385.86 ↓87.17↓1.17%
Nikkei 225$27,836.20 ↓778.43↓2.72%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$86.88 ↓0.43↓0.49%
Crude Oil (Brent)$92.73 ↓ 0.44↓ 0.47%
Gold Spot$1,704.20 ↑2.03↑0.12%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 106.9000

*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