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 December 02, 2020

Remittance hits $2b mark for third straight month

Bangladesh has once again gone past the $2-billion mark in remittance income as migrant workers continued to send home a massive amount for the third straight month. In November, migrant workers remitted $2.07 billion, up 34 per cent year-on-year.However, last month’s figure is slightly lower compared to the previous month when the inflow stood at $2.11 billion.Between January and March this year, a total of 181,218 Bangladeshi citizens went abroad, according to data from the Bureau of Manpower, Employment and Training (BMET). No data is available on the BMET website for April onwards. On average, the country sends workforce abroad in the range of 7 to 8 lakh people per year. Last year as much as 700,159 workers went to different countries to manage job.Diversion to formal channels for difficulties in carrying money under travel restrictions amid the pandemic and recent flood damages helped Bangladesh bring remittance flow back to the positive in 2020. The two per cent cash incentive introduced by the government last year has also encouraged the expatriate Bangladeshis to send more money through the formal channel. Between July and November, remittance hit $10.90 billion, up from 41.32 per cent year-on-year. This has had a great impact on the country’s foreign exchange reserve. The reserve stood at $41.18 billion as of November 25 in contrast to $31.72 billion one year earlier.

Source: https://www.thedailystar.net/business/news/remittance-hits-2b-mark-third-straight-month-2004465

Rampal to start its power generation by end of 2021

Bangladesh Power Development Board (BPDB) Chairman Engineer Belayet Hossain today said that the 1320 MW capacity Maitree Super Thermal Power Plant of Bangladesh-India Friendship Power Company Limited (BIFPCL) at Rampal in Bagerhat is expected to start its power generation by the end of 2021.Nearly 10,000 MW power was added to the national grid in the last eleven years and the total generation capacity is now over 20,300 MW and around 98% of the total population are under electricity coverage. BIFPCL Managing Director Animesh Jain, in his presidential speech welcomed the young engineer trainees on their joining BIFPCL and mentioned that project activities had got momentum in all respect since September 2020, and had reached into new height from last month with return of over 1200 skilled manpower from India.

Source: https://today.thefinancialexpress.com.bd/trade-market/rampal-to-start-its-power-generation-by-end-of-2021-bpdb-chairman-1606848321

Premier Bank signs MOU with UDDIPAN

An MOU was signed between The Premier Bank Limited and UDDIPAN for providing credit facilities to the low-income professionals, farmers and holders of small and marginal businesses in order to increase the income generating financial activities in rural area of the Bangladesh through MFI linkage under Bangladesh Bank Refinance Scheme.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/premier-bank-signs-mou-with-uddipan-1606845243

National Life Insurance gets new Chairman

Lawmaker Mr. MorshedAlam has been elected chairman of National Life Insurance Company. The election took place at a meeting of the board of directors through a digital platform recently. Mr. Alam is a sponsor director of the company. He is the chairman of Bengal Group, Mercantile Bank and RTV.

Source: https://www.thedailystar.net/business/news/national-life-insurance-gets-new-chairman-2004425

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 29,823.92
FTSE100$ 6,384.73↑118.54↑1.89%
Nikkei 225$ 26,756.37↓31.17 ↓0.12%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 44.10 ↓0.45↓1.01%
Crude Oil (Brent)$ 47.01↓0.41↓0.86%
Gold Spot$ 1,810.61 ↓4.63↓0.26%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8000
GBP 1BDT 112.9960
EUR 1BDT 101.1834
INR 1BDT 1.1524





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