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 January 03, 2022

Woven garment export makes a strong comeback

The stunning rebound of woven garment export after one and a half years helped lift merchandise shipment from Bangladesh in the just-concluded year, helped by rising demand and inflow of increased orders. With the improvement of the Covid-19 scenario worldwide, which prompted people to return to work and take part in formal events, the woven shipment began recovering from August after going through more than 10 per cent negative growth months after months for 18 months. In August, woven exporters fetched $1.15 billion, registering 4.48 per cent year-on-year growth. December’s receipts were even better as Bangladesh broke records after bringing home $1.86 billion, the highest in a single month and up 48.17 per cent year-on-year. What is more, woven shipment grew to $8.74 billion in the second half of 2021, an increase of 24.50 per cent compared to the same period a year ago.

Source: https://www.thedailystar.net/business/economy/news/woven-garment-export-makes-strong-comeback-2931146

 Remittance slightly up in December after six months

Remittance flow to the country was slightly up in December, about $7 million, after plummeting for the last six months since June of last fiscal year. But the amount received in December of 2021 is over 20% less compared to the same month of the previous year. In December of FY2020-21, Bangladesh received $2.05 billion, which came down to $1.63 billion in December of FY2021-22. The government has set a target to earn a $26 billion remittance in the current fiscal. But remittance inflow has been only $10.23 billion in the first six months of the FY2021-22, which is only 39.37% of the target. The Bangladesh Bank report, published on Sunday, said that remittance flow increased 18.60% in 2020 against 2019. But in 2021, the remittance flow increased by only 1.5%. In 2021, a total of $22.07 billion remittances was received which was $21.74 billion in 2020. In 2019, the amount was $18.33 billion. The government has raised the incentive amount of remittance by 50% to achieve the target.

Source: https://www.tbsnews.net/economy/remittance-flow-slightly-december-after-6-months-352255

 HSBC recognised as Best Cash Management Bank

The Hongkong and Shanghai Banking Corporation Limited (HSBC) has been recognized as the best Cash Management Bank at the Corporate Treasurer Awards 2021. HSBC Bangladesh has a wide range of liquidity management products across payables, receivables, clearing and foreign currency, liquidity, liability and investments. This year the bank launched Cash Flow Forecasting tool to help clients build a more accurate picture of their future finances and manage liquidity. In addition, to support the digital banking requirements of the clients, HSBC Bangladesh has already launched smart digital propositions like: Enhanced Virtual Account, Direct Debit, eVAT, eDuty etc.The bank has invested in continuing the momentum by providing clients with more digital solutions in coming time span.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/hsbc-recognised-as-best-cash-management-bank-1641135294

 bKash launches ‘Business Dashboard’

bKash has introduced ‘Business Dashboard’ service to facilitate seamless transactions among the customers and online-based small and medium entrepreneurs, says a statement. By using bKash payment link, entrepreneurs can now receive payment easily through this B2B (Business to Business) service. Other details such as account balance and transaction history can also be viewed from the Business Dashboard. Sellers using online platforms such as Facebook can now receive payments quickly, easily, and safely with the help of bKash Business Dashboard. Users can also make payments transparently and accurately with the bKash payment link without any extra charge. To get the payment link through dashboard, entrepreneurs will have to sign up or register at business.bkash.com with their merchant account/personal retail account and an active email account. The ‘Payment Link’ will be available after the completion of registration which can be used for payments by sharing via messaging platforms, SMS, or Email.

Source: https://today.thefinancialexpress.com.bd/trade-market/bkash-launches-business-dashboard-1641139450

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 36,338.30
↓ 59.78↓ 0.16 %
FTSE100$ 7,384.54↓ 18.47↓ 0.25 %
Nikkei 225$ 28,791.71 ↓ 115.17↓ 0.40 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 75.77↑ 0.56↑ 0.74 %
Crude Oil (Brent)$ 78.31↑ 0.53↑ 0.68 %
Gold Spot$ 1,825.25↓ 3.95↓ 0.22 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 85.8000
GBP 1BDT 116.1131
EUR 1BDT 97.5718





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