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 April 11, 2023

BB sets goal for 75% retail transactions digitally by 2027

The central bank has set a goal so that at least 75 per cent of retail transactions are settled through digital technologies by 2027, a move that may give Bangladesh’s digital transformation a massive fillip and turn the cash-based economy into cashless. The Bangladesh Bank will heavily rely on Bangla QR, a uniform digital payment system launched by the central bank in January, to reach its goal of cutting cash-based retail transactions significantly. On a number of occasions recently, Governor Abdur Rouf Talukder has talked about the BB plans to have at least 75 per cent of transactions settled online within four years. Md Mezbaul Haque, the spokesperson of the BB, said the central bank has set a roadmap so that at least three-quarters of retail transactions are settled through digital methods by 2027. “And an interoperable QR code will play a vital role in implementing the roadmap.” Digital transactions in Bangladesh were largely non-existent two decades ago. The scenario started to change after the present government swept to power in December 2008.

Source: https://www.thedailystar.net/business/economy/news/bb-sets-goal-75-retail-transactions-digitally-2027-3294081

Female bankers in top positions on the rise

An increasing number of female bankers are gradually securing top positions at banks thanks to their skills, competence and dedication, according to a Bangladesh Bank report released yesterday. The ratio of women in senior positions at banks was 9.22 per cent in July-December of 2022. It was 7.57 per cent five years ago, said the BB in its Gender Equality Report of Banks and Financial Institutions. Similarly, the proportion of female bankers at the entry-level and mid-level posts increased, albeit at a slower pace. The percentage of women as board members rose to 14.22 per cent in July-December of last year from 13.7 per cent five years ago. The ratio of female bankers also increased. For example, at the end of December 2018, women accounted for 15 per cent of the total bankers at 168,192. Four years down the line, women comprised 16.29 per cent of the workforce in the banking sector at 196,102 in the second half of 2022, according to the central bank report. The ratio of women in senior positions at banks was 9.22 per cent in July-December of 2022

Source: https://www.thedailystar.net/business/economy/news/female-bankers-top-positions-the-rise-3294076

BSC goes for big shipping business worldwide

Bangladesh Shipping Corporation (BSC) has opted for big seaborne cargo-transportation business worldwide but partnering a new private company to make it happen raises scepticism, sources said. They say the state corporation that struggles to run its own small fleet through self-arrangement now aims to launch feeder service, short-sea service, and even a mainline-vessel service. An overriding objective is to “earn and save foreign currency” for the country — in time of global and local scramble for the greenback to navigate a dearth of the main trading currency. To aid the corporation in this stride, the corporation last week signed a memorandum of understanding (MoU) with a recently formed company, namely, ‘Marine House-the Relief Group (MRG)’, owned by a legal firm and a consultancy house jointly, which never worked to carry out such a big task. Under the accord, MRG will help BSC start up shipping business as an NVOCC (non-vessel operating cargo carrier) or box operator, and mainline operator or vessel-operating cargo carrier. Under the flagship venture it will launch feeder service, short-sea shipping, conventional liner service, project and heavy lift carrier, inter-modal door-to-door combined transport-service provider, off- dock and container-freight station, sea-and air-cargo forwarding and handling agencies, and logistics services, among others.

Source: https://thefinancialexpress.com.bd/economy/bangladesh/bangladesh-eyes-to-earn-10b-in-leather-product-export

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
Nikkei 225$28,008.59↑374.93↑1.36%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$80.32↑0.58↑0.73%
Crude Oil (Brent)$84.74↑0.56↑0.67%
Gold Spot$1,999.43↑7.95 ↑0.40%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 107.2000
BDT 107.2000

*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