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 15, 2022

Traders now allowed to export from another country

The Bangladesh Bank has announced a “Merchanting Trade” policy which will allow traders to buy goods and services from another country and export those to a third country in a bid to diversify exports. The Foreign Exchange Policy Department of Bangladesh Bank issued a circular in this regard on Wednesday, stating, “In accordance with the export policy in force, a trade for which goods or services procured from a country, are shipped or delivered directly to a third country is defined as ‘merchanting trade’. To facilitate transactional services by ADs [authorised dealers] to their ‘merchanting, trade’ customers, it has been decided to formulate a set of operational guidelines.” This type of business has been gaining popularity worldwide, but specific policies were necessary for it in Bangladesh. The new policy will allow export trade to expand and earn a lot of foreign currency. Banks are restricted to issue any forms of payment undertaking, commitments or acceptance for the credits. The difference between inward receipts and outward payments, including charges, shall be reasonably satisfactory for meeting local expenses and profits.

Source: https://www.tbsnews.net/economy/traders-now-allowed-export-another-country-496414

MFS transactions drop over 5%, but card use rises 2%

Transactions through mobile financial services registered a fall of more than 5% or Tk5,124 crore in July because economic activities went slow after Eid-Ul-Azha, one of the biggest festivals of the Muslims. Eid was celebrated on 10 July and Eid-centric activities took place mostly towards the later part of June. The amount of money transacted through MFS platforms dropped to Tk89,169 crore in July from Tk94,293 crore a month before, according to the latest Bangladesh Bank data. On the other hand, card transactions rose by 2% to Tk38,461 crore in the same month, while foreign currency transactions stood at Tk442 crore, with more people preferring credit cards in foreign travels amid a crisis of cash dollars. The number of card holders stood at 3.24 crore as of July. Customers carried out Tk25,780 crore cash-in transactions, Tk26,253 crore cash-out, Tk24,353 crore person-to-person transfer, Tk3,187 crore salaries and allowances of different organisations, Tk2,948 crore merchant payment and Tk1,859 crore utility bill payment, according to the central bank report on 13 MFS providers, including bKash and Nagad. At the end of July, the number of MFS accounts stood at more than 18.11 crore – 10.43 crore male and 7.64 crore female, while the number of agents was 15.26 lakh.

Source: https://www.tbsnews.net/economy/banking/mfs-transactions-drop-over-5-card-use-rises-2-496418

BB issues new 10-taka, 20-taka notes

Tk 10 and Tk 20 denomination notes signed by Bangladesh Bank Governor Abdur Rouf Talukder will be issued from the central bank’s Motijheel office in the city beginning from today (Thursday). Later the notes will be issued from BB’s other branches too. Alongside the new notes, the old notes will also remain valid.

Source: https://today.thefinancialexpress.com.bd/trade-market/bb-issues-new-10-taka-20-taka-notes-today-1663172898

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 31,135.09
↑ 30.12↑ 0.10 %
FTSE100$ 7,277.30 ↓ 108.56↓ 1.47 %
Nikkei 225$ 27,946.20 ↑ 127.58↑ 0.46 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 88.56↑ 0.08↑ 0.09 %
Crude Oil (Brent)$ 94.10 ↑ 0.00↑ 0.00 %
Gold Spot$ 1,692.18 ↓ 5.14↓ 0.30 %

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