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 4, 2023

Oil price jumps to highest in over seven months

Oil prices rose on Friday to their highest in over half a year and snapped a two-week losing streak, buoyed by expectations of tightening supplies. Saudi Arabia is widely expected to extend a voluntary 1 million barrel per day oil production cut into October, prolonging supply curbs engineered by the Organization of the Petroleum Exporting Countries (Opec) and allies, known collectively as Opec+, to support prices. Russia, the world’s second-largest oil exporter, has already agreed with Opec+ partners to cut oil exports next month, Deputy Prime Minister Alexander Novak said on Thursday. Brent crude settled up $1.66, or 1.9 percent, at $88.49 a barrel. Earlier it gained to a session high of $88.75 a barrel, the highest since Jan. 27. US West Texas Intermediate crude (WTI) had risen $1.39, roughly 1.7 percent, to $85.02. It rose earlier to $85.81, the highest since November 16.

Source: https://www.thedailystar.net/business/global-economy/news/oil-jumps-highest-over-seven-months-3410401

Retired bankers can join banks as director: Central bank

From now, retired bankers can rejoin banks as directors. Officials from any bank can become directors of the bank five years after retirement or expiry of contract. Earlier, in 2021, appointment of retired bankers was restricted to board members of the same bank they served. A high official of the central bank said that the same facility [reappointment] was earlier provided for Non-Bank Financial Institutions (NBFIs). It has now been applied for banks. In August last year, the Bangladesh Bank restricted the appointment of external auditors, legal advisers, advisers, consultants or officials who have worked in a financial institution in the previous five years as a board member of the same organisation.

Source: https://www.tbsnews.net/economy/banking/retired-bankers-can-join-banks-director-cenbank-694122

CMSMEs needs all services under one roof

All services including registration, financing, and business development of the Cottage, Micro, Small & Medium Enterprises (CMSME) sector in Bangladesh need to be under a single organization. Besides, separate policies are needed for cottage, micro and small enterprises and separate one for medium industries. Most Asian countries have a unified organisation for CMSME sector development, but in Bangladesh, entrepreneurs face service gaps due to poor inter-agency coordination, according to the keynote of the seminar, jointly organised by ILO Bangladesh and SME Foundation. SMEs drive economic growth and development, crucial for achieving Bangladesh’s national goals, including graduation from LDC status by 2026, fulfilling sustainable development goals by 2030, and becoming a developed country by 2041. He mentioned that in Bangladesh, over 90% of businesses are SMEs, providing over 64% of non-agricultural rural employment, accounting for 80-85% of industrial jobs and 25% of civil employment, and contributing over 25% to the GDP.

Source: https://www.tbsnews.net/economy/industry/cmsmes-needs-all-services-under-one-roof-694082

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,837.71
↑ 115.80↑ 0.33 %
FTSE100$ 7,464.54↑ 25.41↑ 0.34 %
Nikkei 225$ 32,852.77↑ 142.15↑ 0.43 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 85.67 ↑ 0.12↑ 0.14 %
Crude Oil (Brent)$ 88.65 ↑ 0.10↑ 0.11%
Gold Spot$ 1,945.25↑ 5.19 ↑ 0.27 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 109.5000
BDT 109.5000

*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