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, 2021

Unique BINs for e-commerce this month

Every e-commerce and F-commerce company in Bangladesh will soon have to apply for a Unique Business Identification Number (UBIN) from the Digital Commerce Cell (DCC) as the commerce ministry is set to launch the registration from this month. The DCC will manage the UBIN to prevent any cheating by e-commerce or f-commerce companies. Currently, more than 2,500 e-commerce and nearly three lakh f-commerce companies are operating in Bangladesh. The DCC has called an important meeting on the e-commerce and f-commerce industry today as the commerce ministry along with other related ministries, departments and agencies have been working to pay back those affected by the irregular activities of some rogue e-commerce firms. On July 1 this year, the central bank launched an escrow service payment gateway to stop e-commerce companies from cheating their customers. So far, some Tk 214 crore has been deposited in the escrow payment gateway for the non-delivery of goods.

Source: https://www.thedailystar.net/business/economy/e-commerce/news/unique-bins-e-commerce-month-2907746

ICT Adviser Joy to inaugurate 5G on Dec 12

Sajeeb Ahmed Wazed, the prime minister’s ICT affairs adviser, will inaugurate 5G services on December 12. Teletalk Bangladesh took preparations to launch 5G on a limited scale next December by connecting to the existing 4G network at the initial stage as per the directions of Posts and Telecommunications Division and Bangladesh Telecommunication Regulatory Commission. This is a milestone initiative in the year of Mujib Borsho. With 5G technology, mobile subscribers will be able to use better quality voice calls and users will be able to get 20 times faster mobile internet access than 4G.

Source: https://www.thedailystar.net/business/economy/news/remittance-slides-18-month-low-2907756

Netflix gets VAT registration in BD

The USA-based subscription streaming service and production company Netflix has got the Value-Added Tax (VAT) identification number from the National Board of Revenue (NBR). The Web streaming giant received the Business Identification Number (004319482/0208) registration from the Customs, Excise and VAT Commissionerate, Dhaka South. Netflix used its Singapore address and received the registration with the name of Netflix PTE Limited, Singapore. As of October 2021, Netflix has over 214 million subscribers worldwide, including 74 million in the United States and Canada, 70 million in Europe, the Middle East, and Africa, 39 million in Latin America, and 30 million in Asia-Pacific. The company posted a net income of $2.761 billion during its 2020 Fiscal Year, which ended 31 December 2020.

Source: https://today.thefinancialexpress.com.bd/trade-market/netflix-gets-vat-registration-in-bd-1638380981#google_vignette

Remittance slides to 18-month low

The flow of remittance to Bangladesh fell sharply in November as the country’s expatriates continue to prefer informal channels for sending their money. Expatriate Bangladeshis sent $1.55 billion in November, down 5.48 per cent from a month earlier and 25 per cent year-on-year, according to data from Bangladesh Bank. This was the lowest remittance earnings since June 2020, when the amount was $1.83 billion. Since then, the monthly inflow ranged between $1.83 billion and $1.64 billion until October this year. Remittance, which plays a major role in strengthening the country’s foreign exchange reserves, fell 21 per cent year-on-year to $8.6 billion in the first five months of the current fiscal year. Reserves surpassed $48 billion in August but it has since maintained a downward trend. The reserves stood at $44.94 billion in November 24, up 9 per cent from a year ago. Remittance soared 36 per cent year-on-year in fiscal 2020-21, its sharpest increase in 30 years. Expatriates sent home $24.8 billion that year compared to $18.2 billion in 2019-20.

Source: https://www.thedailystar.net/business/economy/news/remittance-slides-18-month-low-2907756

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,022.04
↓ 461.68↓ 1.34 %
FTSE100$ 7,168.68↑ 109.23↑ 1.55 %
Nikkei 225$ 27,815.35↓ 120.27↓ 0.43 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 66.26↑ 0.69↑ 1.05 %
Crude Oil (Brent)$ 69.58↑ 0.71↑ 1.03 %
Gold Spot$ 1,779.22↓ 2.51↓ 0.14 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 85.8000
GBP 1BDT 114.1312
EUR 1BDT 97.2886





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