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 22, 2020

E-commerce payment made easier for buyers abroad.

Bangladesh Bank yesterday brought ease to e-commerce payment methods meant for buyers abroad, a development that would draw more attention to Bangladeshi products from overseas consumers.Cross-border exports under e-commerce were earlier allowed only against payments received over the internet before shipment.From now on, local exporters will be allowed to realise the payment after shipping the goods, according to a central bank notice.This means foreign payment service providers, which are dedicated to settling transactions between overseas consumers and local exporters, will get relief from having to enable payments before the release of products by exporters, said a central bank official.

But such merchant service providers, which are third parties to help merchants accept payments, will have to maintain an adequate balance with local banks such that local exporters can smoothly receive payments against purchase of their goods.The payment service providers enable merchants in accepting credit and debit payments as well as fund transfers through internet banking.Bangladeshi products may further attract more foreign buyers in the global market due to the latest relaxation, said the central bank official. As per the central bank rule, banks can allow such exports from e-commerce websites for individual sales of up to $500 or equivalent under cash on delivery and payment on shipment.

Source: https://www.thedailystar.net/business/news/e-commerce-payment-made-easier-buyers-abroad-2015213

FDI edges down for first time in 7yrs

Foreign direct investment to Bangladesh dropped last fiscal year, the first decline in seven years, because of the pandemic-induced slowdown in business and regulatory barriers. Net FDI nosedived 39 per cent year-on-year to $2.37 billion last fiscal year, data from the central bank showed. Although the financial meltdown caused by the coronavirus pandemic has taken a toll on the FDI flow, the whole situation should not be judged by the ongoing economic hardship alone, analysts say. Analyst added that FDI flow across the globe has declined in recent periods due to the financial crisis, which started in March.

Global FDI flows are forecast to decrease by up to 40 per cent in 2020, from their 2019 value of $1.54 trillion, according to the World Investment Report 2020 of the United Nations Conference on Trade and Development (UNCTAD) released in June. This will bring the global FDI below $1 trillion for the first time since 2005. In March, the International Monetary Fund said that investors had withdrawn $83 billion from developing countries since the beginning of the Covid-19 crisis, the largest capital outflow ever recorded.

Chief executives of global companies are now unable to visit their probable investment destinations due to the restriction, he said. In addition, the country’s FDI is shifting its pattern. In the past, foreign investors preferred investing in power plants, private hospitals, banks, and non-bank financial institutions. Now, they are thinking of investing in fintech, pharmaceutical industries, LNG plants, and agro-based manufacturing units.

Source: https://www.thedailystar.net/business/news/fdi-edges-down-first-time-7yrs-2015229

The 33rd annual general meeting (AGM) of Bangladesh Insurance Association

The 33rd annual general meeting (AGM) of Bangladesh Insurance Association (BIA) was held on Monday on a virtual platform. President of BIA Sheikh Kabir Hossain presided over the AGM while chairmen, directors and chief executive officers of insurance companies were present.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/the-33rd-annual-general-meeting-agm-of-bangladesh-insurance-association-1608565513

Jamuna Bank Limited launched its agent banking operation with agent outlet M/S J Enterprise in Cumilla recently.

Jamuna Bank Limited launched its agent banking operation with agent outlet M/S J Enterprise in Cumilla recently. Mirza Elias Uddin Ahmed, Managing Director & CEO of Jamuna Bank Limited, officially inaugurated the agent banking operation.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/jamuna-bank-limited-launched-its-agent-banking-operation-with-agent-outlet-ms-j-enterprise-in-cumilla-recently-1608565091

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 30,216.45
↑ 37.40↑ 0.12%
FTSE100$ 6,416.32↓112.86↓1.73%
Nikkei 225$ 26,613.09↓101.35 ↓ 0.38%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 47.74↓1.36↓2.77%
Crude Oil (Brent)$ 50.37↓0.18↓0.35%
Gold Spot$ 1881.53↑4.64↑0.25%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8000
GBP 1BDT 114.6835
EUR 1BDT 103.9563
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