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 29, 2022

Bangladesh keen to sign FTA with Malaysia, says finance minister

Finance Minister AHM Mustafa Kamal on Wednesday said that Bangladesh is keen to sign a Free Trade Agreement (FTA) with Malaysia.Kamal came up with the statement during a bilateral meeting with a Malaysian delegation headed by Malaysian Deputy Finance Minister DatoIndearMohaShar Abdullah, in Manila in the Philippines as part of the Annual Meeting of the Asian Development Bank (ADB), reports BSS.During the meeting, the finance minister also urged the Malaysian side to expedite the process of signing the FTA, said a finance ministry press release.Welcoming the decision of the Malaysian government for allowing Bangladeshi workers in all sectors of their country, Kamal requested the Malaysian Deputy Finance Minister to recruit more manpower from Bangladesh.Referring to the signing of the MoU between the two countries on the import of LNG from Malaysia, Kamal sought the cooperation of the Malaysian government to import LNG as per the requirement of Bangladesh.Noting that Malaysia is an important country for attracting more FDI for Bangladesh, he said that since September 2022, the total FDI from Malaysia in Bangladesh’s telecom sector reached $788 million.

Source: https://thefinancialexpress.com.bd/trade/bangladesh-keen-to-sign-fta-with-malaysia-says-finance-minister-1664371851

Bangladesh Bank sets cost ceiling for short-term trade finance in forex

Bangladesh Bank (BB) has set the all-in-cost ceiling for short-term permissible trade finance in foreign exchange. “Given the global market trends, it has been decided to set all-in-cost ceiling per annum at SOFR + 3.50 per cent for short-term trade finance in foreign exchange,” said a BB circular on Wednesday. All other applicable instructions in this regard shall remain unchanged, reports BSS citing the circular. 

Source: https://thefinancialexpress.com.bd/economy/bangladesh-bank-sets-cost-ceiling-for-short-term-trade-finance-in-forex-1664366601

NFBIs demand withdrawal of cap on deposit interest

The non-bank financial institutions have demanded withdrawal of the 7 per cent interest cap on deposit.They came up with the demand at the first meeting of the Federation of Bangladesh Chambers of Commerce and Industry’s standing committee on non-banking financial institutions, held at the FBCCI office in Dhaka today.As per the instruction given by Bangladesh Bank, NBFIs cannot offer more than 7 per cent interest on deposit, which is lower than the banks offer to their clients, the committee said.Therefore, this circular puts the NBFIs at unfair competition with the banks. The central bank’s loan moratorium facilities are also applicable only on banks and thus these policies are discriminatory to the country’s NBFIs, members of the committee added.

Source: https://thefinancialexpress.com.bd/economy/bangladesh-likely-to-get-120b-to-150b-loan-support-from-adb-over-next-five-years-1664287055

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
Nikkei 225$26,307.03↑133.05↑0.51%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$81.80 ↓0.35↓0.43%
Crude Oil (Brent)$88.89 ↓0.43↓0.48%
Gold Spot$1,653.86 ↓6.11↓0.37%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 100.9300
BDT 107.4000

*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