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

Click to Close

Rate last updated: 02/01/2014 11:15:04 AM

Daily Business News Flash April 13, 2023

Japan proposes industrial hub in Bangladesh

Japan has proposed developing an industrial hub in Bangladesh with supply chains to the landlocked northeastern states of India, and to Nepal and Bhutan beyond by developing a port and transport in the region, officials said on Tuesday. It comes after Japanese Prime Minister Fumio Kishida’s visit to India last month in which he touted the idea of a new industrial hub for the Bay of Bengal and northeast India that could bolster development in the impoverished region of 300 million people. After Kishida’s visit, his government approved $1.27 billion in funding to Bangladesh for three infrastructure projects – including a new commercial port in the Matarbari area with links to adjacent landlocked Indian states, including Tripura, and wider international markets. “It can be a win-win plan for India and Bangladesh,” Hiroshi Suzuki, Japan’s ambassador to India, said on Tuesday, citing the industrial hub proposal at a meeting of Indian, Bangladeshi and Japanese officials in Agartala, the Tripura state capital. He said the deep seaport was likely to become operational by 2027 and would be a key to building an industrial hub connecting the Bangladeshi capital Dhaka to landlocked areas of India. G Kishan Reddy, India’s federal minister for its northeast region welcomed the Japanese initiative at the meeting. Bangladeshi minister of state for foreign affairs Shahriar Alam said it would boost Indian-Bangladeshi trade and help bring in Japanese and other foreign investment.

Source: https://www.thedailystar.net/business/global-economy/news/japan-proposes-industrial-hub-bangladesh-3295851

Poverty rate drops to 18.6% with a rise in inequality

The latest household survey comes with good news that the poverty rate in Bangladesh dropped to 18.6% in the last six years – half of the period being devastated by twin global shocks.  But there is a note of warning too – the improvement comes with widening income inequality. The latest Household Income and Expenditure Survey (HIES), conducted by the Bangladesh Bureau of Statistics (BBS) and released on Wednesday, also shows higher poverty incidence in villages than in towns with people spending more on goods and services other than food. The HIES 2022 shows that the poverty rate has declined by 5.6 percentage points in six years from 24.3% in 2016, marking a less than 1% fall per year. While this is still a positive trend, the reduction rate has been decreasing continuously from over 1% average decline per year since 2000. Extreme poverty fell to 5.6%. Six years ago, 12.9% of the population were extremely poor, according to the survey.  Bangladesh has made significant progress in economic growth and poverty reduction in the last two decades, which has been recognised globally. 

Source: https://www.tbsnews.net/economy/incomes-grow-inequality-widens-615274

Cashless land dev tax starts on Pahela Baishakh

The cashless land development tax service will come into effect from Pahela Baishakh, the first day of Bengali New Year, on April 14, said an official release on Wednesday. The cashless land development tax system is being implemented in line with the announcement made by prime minister Sheikh Hasina at the inaugural function of the national land conference in the capital on March 29. In that programme, the premier announced the introduction of cashless land development tax from the beginning of the Bengali New Year on April 14, this year.  A public notice has already been issued by the Ministry of Land in this regard. ‘Decision has been taken to realise the land development tax through online like mobile payment, debit or credit card payment or bank transactions from the first day of the Baishakh in order to make land development tax realization programme more people-friendly’, said the notice. All the concerned land owners have been requested to pay their land development tax regularly and timely for implementing the cashless land development tax service fully in digital form.

Source: https://www.newagebd.net/article/199265/cashless-land-dev-tax-starts-on-pahela-baishakh

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
Nikkei 225$28,107.97↑25.27↑0.09%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$82.99↓0.27↓0.32%
Crude Oil (Brent)$87.00↓0.33↓0.38%
Gold Spot$2,019.10↑4.17 ↑0.21%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 106.9500
BDT 107.0000

*World Commodities & Local and Global Stock Indices data are taken from bloomberg.com<

* Exchange Rates are taken from BB website, as on latest update.<




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