Internet banking thrives
The transition from manual banking to its digital means is certainly not a new phenomenon for Bangladesh’s banking sector. But the advent of the coronavirus pandemic has had clients from all walks of life honing in on internet banking to cut the chances of contracting the deadly flu. Transactions through internet banking amounted to Tk 20,559 crore in December, up 154 per cent year-on-year and 21 per cent from that a month ago.Officials of the central bank and commercial banks say the banking sector has started taking up a wide range of initiatives since 2010 as part of its efforts to encourage the adoption of digital means.With the pandemic now starting to run out of steam, general people are still eagerly gripping onto internet banking, helping the government’s Digital Bangladesh agenda go from strength to strength.In September 2020, the BB increased the limit of inter-bank fund transfers through internet banking for clients, allowing a maximum of Tk 5 lakh per day against the previous Tk 2 lakh. The central bank also doubled the ceiling of a single transaction to Tk 1 lakh from Tk 50,000.There was 43 lakh such transactions in the banking sector in December, which is 83 per cent higher year-on-year.
Source: https://www.thedailystar.net/business/economy/news/internet-banking-thrives-2960631
Govt starts work to set up dried fish processing industry
The government has started the work to establish a global standard dried fish processing industry at Khurushkul in Cox’s Bazar at a cost of Tk 2.0 billion. Once the project is completed, above 14,000 tonnes of dried fish could be processed annually. The move to build a modern dried fish processing industry is part of the government commitment, the minister further said. He said the project could help boost dried fish exports notably, thus raising the number of jobs and income of thousands of people.Project Director Md Sumsuzzaman said above 4,500 people related to fishing and dried fish trade would directly be benefited by the project as more than 14,000 tonnes of dried fish could be processed at the hub. Fish are now being dried in traditional ways in many areas, including the key dried fish hub at Nazirtek in Cox’s Bazar.
Source: https://today.thefinancialexpress.com.bd/trade-market/govt-starts-work-to-set-up-dried-fish-processing-industry-1644681390
Bank Asia wins remittance award
Bank Asia Ltd has been awarded “Remittance Award 2021 and 2022” by the Center for NRB, a non-profit research organisation for non-resident Bangladeshis. Golam Gaffar Imtiaz Chowdhury, head of the foreign remittance department at Bank Asia, received the award from AK Abdul Momen, minister for foreign affairs, at an event titled “World Conference Series 2022 – Branding Bangladesh”
Source: https://www.thedailystar.net/business/economy/banks/news/bank-asia-wins-remittance-award-2959326
Local and Global Stock Indices *
Index Name | Close Value | Value Change | Percentage Change |
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DJIA | $ 34,738.06 | ↓503.53 | ↓1.43 % |
FTSE100 | $ 7,661.02 | ↓11.38 | ↓0.15 % |
Nikkei 225 | $ 27,696.08 | ↑116.21 | ↑0.42% |
World Commodities *
Commodity | Close Value | Value Change | Percentage Change |
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Crude Oil (WTI) | $ 93.10 | ↑3.22 | ↑3.58 % |
Crude Oil (Brent) | $ 94.44 | ↑3.03 | ↑3.31 % |
Gold Spot | $ 1,858.76 | ↑31.91 | ↑1.75% |
Major Currencies Exchange Rates Movement in Last Seven Days *
Exchange Rates |
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USD 1 | BDT 86.00
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GBP 1 | BDT 116.4096 |
EUR 1 | BDT 98.2636 |
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*CURRENCIES AND COMMODITIES ARE TAKEN FROM BLOOMBERG.<