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 May 14, 2019

Net sales of savings tools up 8.0pc in nine months

The net sales of state-run savings instruments rose by more than 8.0 per cent in nine months of the current fiscal year (FY), compared to the same period of the previous fiscal. According to the Department of National Savings (DNS) data, the net sales of savings tools in the July-March period of FY 2018-19 stood at Tk 397.33 billion, up from Tk 367.09 billion in the corresponding period of FY 2017-18. The sales of savings schemes have surged in recent years due to their higher yield rates. At the same time, the government’s interest payments have also increased by more than 23 per cent in the nine months of this fiscal, the data shows. According to the official statistics, the government spent Tk 181.54 billion on interest payments in the July-March period of current FY, up from Tk147.33 billion in the same period of FY 2017-18.

Source: http://today.thefinancialexpress.com.bd/last-page/net-sales-of-savings-tools-up-80pc-in-nine-months-1557769389

Handicraft exports witness uptrend

According to BSS, the export earnings from handicraft witnessed upward trend during the July-April period of the current financial year. The country earned a total of US $17.16 million from handicraft exports in 10 months (July-April) of fiscal year 2018-19. The amount is 21.88 per cent higher than the same period of the previous fiscal year. The 10-month export earnings from handicraft were also 16.5 per cent higher than the strategic target of $14.73 million.

Source: http://today.thefinancialexpress.com.bd/trade-market/handicraft-exports-witness-uptrend-1557768027

Trade deficit narrows 9pc

Trade deficit fell 9.24 percent year-on-year to $11.92 billion in the first nine months of the current fiscal year, giving some breathing space to the government in managing the economy. A steady growth of exports against a slowdown in imports narrowed the trade gap between July and March. According to Ahsan H Mansur, Executive Director of the Policy Research Institute of Bangladesh, this indication is good for the economy. He also added, we are still in a bad state of affairs in terms of earnings from exports and the volume of foreign exchange reserve. Exports are on the rise but yet to enter an impressive zone.

Source: https://www.thedailystar.net/business/news/trade-deficit-narrows-9pc-1743340

PPPA to float tenders for developing tourism projects

The PPP Authority is set to start by next month searching private investors for developing its tourism sector projects in four potential districts. Officials said the Public Private Partnership Authority (PPPA) endorsed four projects of Bangladesh Parjatan Corporation (BPC) three to four years ago for developing international standard hotels, tourism complexes and amusement facilities in Sylhet, Cox’s Bazar, Mongla and Khulna regions. Tender for the tourism complex development project in Sylhet, Cox’s Bazar and Khulna would be invited by June.

Source: http://today.thefinancialexpress.com.bd/trade-market/pppa-to-float-tenders-next-month-for-developing-tourism-projects-1557767931

Bangladesh per capita income to be $5,700 in 2030: Standard Chartered Bank

Economic growth at 7 per cent of seven countries including Bangladesh is expected to sustain in the next decade, according to a research note of Standard Chartered Bank. According to Bloomberg report, the seven countries across the globe will be on the list of 7-per cent growth club in the 2020s dominated by Asian countries. Bangladesh’s per capita income will also increase by more than three and a half times to $5,700, exceeding India, by 2030 from $1,600 in 2018, the report referring to the Standard Chartered Bank note.

Source: http://www.newagebd.net/article/72326/bangladesh-per-capita-income-to-be-5700-in-2030-to-surpass-india-stanchart

BRAC Bank organises workshop

BRAC Bank Limited organized a workshop on “Prevention of Money Laundering and Combating Financing of Terrorism” in Bogura. A total of 127 officials of the Bogura Region participated in the daylong workshop held at the BRAC Learning Center recently.

Source: http://today.thefinancialexpress.com.bd/stock-corporate/brac-bank-organises-workshop-1557767447

IFIL gets new Chairman, Vice Chairman

Rezakul Haider has been elected Chairman of the Executive Committee of Islamic Finance and Investment Limited (IFIL) while S M Bakhtiar Alam elected Vice Chairman of the bank’s Board of Directors. They were elected at the IFIL’s 251st meeting in the city recently.

Source: http://today.thefinancialexpress.com.bd/trade-market/ifil-gets-new-chairman-vice-chairman-1557768092

Bangladesh now depends less on India for cotton

African nations have surpassed India to become the largest source of cotton for Bangladesh as local spinners and millers look to cut down their dependence on a single source for their vital raw material. Last year, Bangladesh, the largest importer of cotton in the world, met 37.06 percent of its requirement for the white fibre from East and West African countries.

Source: https://www.thedailystar.net/business/news/bangladesh-now-depends-less-india-cotton-1743343

Poverty situation improves further

According to final report of the Household Income and Expenditure Survey (HIES), the country’s poverty situation improved further between 2016 and 2018 but at slower pace among extreme poor households. The Bangladesh Bureau of Statistics (BBS) estimated that the poverty rate, among households belonging to upper ‘poverty line’, dropped to 21.8 per cent in 2018, down by 2.5 percentage point from 2016.

Source: http://today.thefinancialexpress.com.bd/first-page/poverty-situation-improves-further-1557769029

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA25,324.99 ↓617.38 ↓2.38%
FTSE1007,163.68 ↓39.61↓0.55%
Nikkei 225 20,948.59↓242.69↓1.15%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI) $ 61.18↑0.14↑0.23%
Crude Oil (Brent)$ 70.34↑0.11↑0.16%
Gold Spot $1,298.56↓1.35↓0.10%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 82.7894
GBP 1BDT 107.5620
EUR 1BDT 93.0035
INR 1BDT 1.1731





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