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

Important Business News Extracts January 02, 2020

Remittance rises by 18pc in 2019

Inward remittance grew by nearly 18 per cent to a record $18.42 billion in the just-passed 2019 for a government effort to incentivise remitters. The figures jumped from $15.53 billion in 2018, according to the central bank’s latest statistics. Financial incentive along with the depreciating mode of taka against dollar has helped boost the influx in the last calendar year, according to bankers. The remittance inflow was estimated at $1.69 billion in December last, up by nearly $132 million from that of the previous month. In November 2019, the amount stood at $1.55 billion. It was $1.18 billion in November 2018. The upward trend in influx would continue in the coming months as the government has announced 2.0 per cent incentive for remittance receipts, he hoped. The government allocated Tk 30.60 billion in incentive in the budget for FY 20 to encourage migrant workers to send their money back home through legal channels. Meanwhile, taka depreciated by Tk 1.0 against dollar in the inter-bank forex market from January 02 to December 30. Greenback was quoted at Tk 84.90 each on December 30 against Tk 83.90 on January 02. The forex reserve rose to $32.75 billion on Wednesday from $32.57 billion on the previous working day.

Source: https://today.thefinancialexpress.com.bd/last-page/remittance-rises-by-18pc-in-2019-1577902109

Foreign aid rises by 9.0pc in Jul-Nov

Foreign aid commitment to Bangladesh dropped by 47 per cent to US$2.6 billion in the first five months of the current fiscal year compared to that of the same period last fiscal, officials said on Monday. However, foreign aid went up by 9.0 per cent to $1.62 billion during the July-November period of this fiscal year compared to that of the same period last fiscal, the Economic Relations Division (ERD) provisional data showed. According to the ERD, the Bangladesh government had signed US$2.6 billion worth of loan and grant deals with overseas development partners during this period for getting assistance for different development projects. During the same period last FY2019, multilateral and bilateral development partners made commitment of $3.83 billion worth of foreign aid. Meanwhile, development partners disbursed $1.63 billion worth of medium-and long-term (MLT) concessional aid during the July-November period of the current fiscal year. In the same period last FY2019, overseas development partners disbursed $1.49 billion worth of assistance.

Source: https://today.thefinancialexpress.com.bd/trade-market/foreign-aid-rises-by-90pc-in-jul-nov-1577891279

BEZA awards Licence to Hosendi EZ

Bangladesh Economic Zones Authority (BEZA) on Wednesday awarded licence to Hosendi Economic Zone, a concern of City Group. Once completed, the proposed private economic zone (EZ) is expected to generate 15,000 direct and indirect employment as well as draw investments worth of US$ 2.0 billion. The licence awarding ceremony was held at the BEZA headquarters in the city, presided over by BEZA Executive Chairman Paban Chowdhury. The private EZ will be an environmentally friendly industrial estate having adequate amount of green zone, open spaces, waste management facilities and effluent treatment plant (ETP). The statement also said that the BEZA is implementing 100 EZs on 30,000 hectares of land by 2030 to achieve the country’s development goals through employment generations and attracting foreign direct investment (FDI). The government agency has so far given 20 pre-qualification licences to establish private EZs. Of them, 10 EZs got the final licences.

Source: https://today.thefinancialexpress.com.bd/trade-market/beza-awards-licence-to-hosendi-ez-1577891342

Green Delta Insurance Company Celebrated 34th Anniversary

Green Delta Insurance Company celebrated 34th anniversary at its head office in Dhaka on Wednesday. The founding Managing Director & Advisor, Nasir A. Choudhury (middle); MD & CEO, Farzanah Chowdhury, all management committee members and employees of Green Delta family were present.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/green-delta-insurance-company-celebrated-34th-anniversary-1577900400

MTB gets new AMD

Syed Rafiqul Haq has recently been promoted to the rank of AMD of Mutual Trust Bank Limited (MTB) with effect from January 01, 2020. Prior to this elevation, he was the DMD and Chief Business Officer (CBO) of MTB. Haq joined MTB on October 21, 2013 and since then has made significant contributions to the bank. Before joining MTB, he was the Area Head, Corporate Banking of Eastern Bank Ltd., an organisation he joined in 1998.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/mtb-gets-new-amd-1577900585

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
↑ 76.30↑ 0.27%
FTSE1007,542.44↓ 44.61↓ 0.59%
Nikkei 22523,656.62↓181.10↓ 0.76%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 61.25 ↑ 0.19↑ 0.31 %
Crude Oil (Brent)$ 66.22 ↑ 0.22↑ 0.33 %
Gold Spot$ 1,520.50↑ 3.21↑ 0.21 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.4478
GBP 1BDT 110.625
EUR 1BDT 93.5364
INR 1BDT 1.16964





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