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 30, 2021

Dhaka Bank joins ADB’s trade and supply chain finance programme

Dhaka Bank Limited has recently signed an agreement with Asian Development Bank (ADB) to engage in the latter’s Trade and Supply Chain Finance Programme (TSCFP) as a confirming bank to expand its trade facilities.As per the confirming bank agreement, the regional bank will provide Dhaka Bank with guarantees to cover all or part of the risks associated with Dhaka Bank’s add confirmation and/or discounting of qualifying trade finance transactions issued by selected banks in ADB’s developing member countries.Adding payment confirmation to the letter of credit will secure the export receivables which will give comfort to the Bangladeshi exporters.Thus, it will help to have a direct impact on the growth of the Bangladesh economy.

Source: https://www.thedailystar.net/business/economy/banks/news/dhaka-bank-joins-adbs-trade-and-supply-chain-finance-programme-2186326

Core index marginally up after modest volatility

Stocks extended the rally with key index of the Dhaka Stock (DSEX) surpassing the 7,300-mark on Wednesday, for the first time after the index was introduced nearly nine years back.The market opened on a positive note and sustained till end amid modest volatility, finally ended slightly higher. Although the key index rose marginally, it’s enough to reach an all-time high.DSEX, the benchmark index of the DSE, went up by 5.61 points or 0.07 per cent to settle at 7,302-the highest since its inception on January 27, 2013, replacing the then key index — DGEN.However, the all-time high DGEN Index was 8,918 points recorded on December 5, 2010, when the market saw a bull run before a crash.The DS30 index comprising blue chips also followed the suit to close at its historical high at 2,696, after gaining 5.05 points. The DS30 Index was also launched on January 27, 2013.However, the DSE Shariah Index (DSES) went down slightly by 1.62 points to finish at 1,583.Turnover, another important indicator of the market, stood at Tk 22.69 billion on the prime bourse, which was 6.28 per cent higher than the previous day’s tally of Tk 21.35 billion.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/core-index-marginally-up-after-modest-volatility-1632929219

 Aug imports surge as economy rebounds

Bangladesh sees an import surge as apparel exporters made big purchases of textile products as capital goods from the international market to meet buyers’ enhanced requirements after the reopening of economies in the western world.A rising trend in fuel-oil prices on the global market following restoration of connectivity gradually across the world despite the ongoing Covid-19 pandemic has also pushed up overall import-payment obligations, market operators said.The settlement of letters of credit (LC), generally known as actual import, in terms of value, ballooned by 30.62 per cent to $5.17 billion in August 2021 from $3.96 billion in the previous month, according to the central bank’s latest statistics.On the other hand, the opening of LCs, generally known as import orders, rose more than 48 per cent to $6.29 billion in August from $4.25 billion a month before.Actual imports for petroleum products jumped by nearly 57 per cent to $325.62 million in August from $207.85 million in July 2020, according to the central bank data.

Source: https://today.thefinancialexpress.com.bd/first-page/aug-imports-surge-as-economy-rebounds-1632939240

 Dhaka to import 100,000 tonnes of Russian wheat

Bangladesh has decided to import 100,000 tonnes of wheat from Russia to meet the growing demand for the staple food in the country.The government took the decision during a meeting on Wednesday, according to Shamsul Arefin, additional secretary of the Cabinet Division, reports bdnews24.com.The price would be finalised later by the Cabinet Committee on Public Purchase, he said.In the meeting, the state-run Karnaphuli Fertilizer Company Limited (KAFCO) was also given the nod to buy 100,020 tonnes of urea fertilizer from Qatar and Saudi Arabia.Meanwhile, 40,000 tonnes of furnace oil is being imported from Indonesia at a cost of Tk 1.74 billion for Bangladesh Petroleum Corporation.

Source: https://today.thefinancialexpress.com.bd/trade-market/dhaka-to-import-100000-tonnes-of-russian-wheat-1632936689

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,390.72
↑90.73 ↑0.26%
FTSE100$ 7,108.16↑80.06↑1.14%
Nikkei 225$ 29,439.37↓104.92↓0.36%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 74.68↓0.15↓0.20%
Crude Oil (Brent)$ 78.25↓0.39↓0.50%
Gold Spot$ 1,733.72↑7.35↑0.43%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 85.4750
GBP 1BDT 115.7499
EUR 1BDT 99.9068





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