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 August 29, 2022

Rice market: Import duty withdrawn, regulatory excise duty reduced to 5.0pc from 25pc

The government on Sunday withdrew the total import duty on rice and reduced the regulatory excise duty from 25 per cent to 5 per cent. The government issued a gazette notification on Sunday after growing the price of the most consumed main staple. This duty cut will be applicable to imports of boiled and non-boiled atap rice, not to aromatic rice, reports UNB. The traders have to take permission before importing the staple from the Ministry of Food for each consignment, to enjoy the tax reduction facility.

Source: https://thefinancialexpress.com.bd/trade/rice-market-import-duty-withdrawn-regulatory-excise-duty-reduced-to-50pc-from-25pc-1661707007

NBR waives entire advance tax on diesel to cut import cost

The National Board of Revenue (NBR) has waived the entire advance tax on diesel aiming to cut the import cost of the key gasoline item. The NBR issued a notification in this regard, according to a BSS report published on Sunday. The NBR also reduced import duty to 5 per cent from 10 per cent. The reduced import tariff would remain effective until December 31 this year.

Source: https://thefinancialexpress.com.bd/trade/nbr-waives-entire-advance-tax-on-diesel-to-cut-import-cost-1661700761

BB implements Tk 250b loan package for small entrepreneurs

The small entrepreneurs in the cluster-based manufacturing industries will get 5-year term loans with flexible conditions from the Tk 250 billion special refinance scheme of Bangladesh Bank. The central bank signed a loan deal with 46 banks on Wednesday to implement the scheme to help the cottage and small industries recover from the Covid-19 pandemic shock. The entrepreneurs will borrow from the scheme at 7 per cent interest rate for a 5-year term, while the banks will get funds from the BB at 2.0 per cent interest for a 3-year term. The BB has specified that that a minimum of 70 per cent of the total disbursed loans should be distributed to the manufacturing and service sector and a maximum of 30 per cent in the business sector. 

Source: https://thefinancialexpress.com.bd/economy/bangladesh/bb-implements-tk-250b-loan-package-for-small-entrepreneurs-1661432227

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 32,283.40
↓ 1,008.38↓ 3.03 %
FTSE100$ 7,427.31↓ 52.43↓ 0.70 %
Nikkei 225$ 27,851.68↓ 789.70↓ 2.76%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 94.26 ↑ 1.20↑ 1.29%
Crude Oil (Brent)$ 101.95↑ 0.96↑ 0.95%
Gold Spot$1,726.71↓11.43↓ 0.66%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 95.0000
GBP 1BDT 111.6345
EUR 1BDT 94.6675

*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