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 September 27, 2020

Incentivise e-payments to speed up digital transformation

Both the government and the central bank should take initiatives to provide cashback or incentive to customers for carrying out transactions using digital tools with a view to attaining sustainable economic growth, experts said yesterday. The country has made an impressive stride in expediting digital financial services (DFS) during the coronavirus pandemic as remote working received a boost to keep the deadly virus at bay while e-commerce, e-payment and even e-learning took a major leap forward.The government introduced a 2 per cent cash incentive on remittance, giving a great boost to the inflow of the money sent by expatriate Bangladeshis. The authorities should take required policy measures to allow clients to enjoy cashback or incentives on the transactions by using DFS tools. Tax rebate may also be given if people settle transactions digitally. Uniform guidelines should be rolled out to promote mobile financial services, said Kamal Quadir, chief executive officer of bKash, the country’s leading MFS operator.Clients have to pay Tk 20 for cashing out Tk 1,000 but such charges should be brought down to single-digit.Internet should be offered to commoners at lower cost so that digital financial services widen, said Tina Jabeen, managing director of Startup Bangladesh, a government initiative working to create an accelerator and its accompanying ecosystem of entrepreneurs, investors, mentors, advisers.

Source: https://www.thedailystar.net/business/news/incentivise-e-payments-speed-digital-transformation-1968193

Online platform to connect garment buyers, sellers

A local online platform for trading garment items was launched yesterday to help international suppliers and retailers meet exporters directly and facilitate verification of work orders digitally. The platform — Merchant Bay — is a subsidiary of a leading garment exporting company, Sayem Group.Some 1,000 members registered with the platform while it was undergoing development over the past one year, he said at the virtual inauguration.Merchant Bay, which has been working mainly as a matchmaking agent for buyers and sellers of garment items, has been primarily charging Tk 1,500 a month as fee and also offers an annual package of Tk 20,000. The reality of online business was realised when garment work orders worth $3.15 billion were cancelled by international retailers and brands during the March to April period as a result of the fallouts of the Covid-19 this year.Nokia has been asking to invest in Bangladesh as it believes the country is a major market for smart mobile phone sets, he said, adding that currently 82 per cent of the smartphones used by local customers were being produced locally.

Source: https://www.thedailystar.net/business/news/online-platform-connect-garment-buyers-sellers-1968181

Nitol Insurance price jumps 84 per cent in two weeks

The share price of Nitol Insurance jumped 84 per cent or Tk 30.70 each in the just two weeks to close at Tk 67.20 on Thursday. Its share price was Tk 36.50 two weeks back on September 8. During the week that ended on Thursday, with eight of the top 10 in the gainers’ list coming from the insurance sector. The week’s top eight gainers are Federal Insurance, which gained 41.57 per cent, followed by Rupali Insurance with 36.21 per cent, Nitol Insurance 33.33 per cent, Purabi General 31.53 per cent, Rupali Life 27.84 per cent, Sandhani Life 24.90 per cent, Fareast Islami Life 22.71 per cent and Delta Life Insurance gained 22.09 per cent. The life insurance sector witnessed 15 per cent gain while general insurance sector soared 11 per cent last week.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/nitol-insurance-price-jumps-84-per-cent-in-two-weeks-1601132130

EBL launches UnionPay debit and prepaid cards

Eastern Bank Limited (EBL) has launched the country’s first Dual Currency UnionPay Debit Card and Prepaid Card. Cardholders can endorse up to USD 12,000 yearly travel quota limit to the newly launched cards. These dual currency cards are accepted both locally and internationally and are good for e-commerce transactions as well.In addition to the UnionPay specific offers and benefits, EBL UnionPay Debit and Prepaid cardholders will be able to avail all the regular EBL Debit and Prepaid card product propositions.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/ebl-launches-unionpay-debit-and-prepaid-cards-1601132107

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 27,173.96
FTSE100$ 5,842.67↑19.89 ↑0.34%
Nikkei 225$ 23,204.62↑116.80↑0.51%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 40.25↓ 0.06↓0.15 %
Crude Oil (Brent)$ 41.92↓0.02↓0.05 %
Gold Spot$ 1,861.59↓6.48↓0.35%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8000
GBP 1BDT 107.9165
EUR 1BDT 98.9022
INR 1BDT 1.1526





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