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 01, 2021

BB decides not to mop up funds

Bangladesh Bank yesterday decided not to mop up any money from the market as a part of its efforts to ease the ongoing liquidity crunch in the banking sector. Bankers welcomed the central bank decision, terming it time befitting, saying it will help loosen the ongoing liquidity pressure in the banking sector. The BB decided to mop up excess liquidity on August 5 as the demand for loans nosedived during the period. Between August and November, the central bank mopped up Tk 68,971 crore through the BB bills. There are three categories of the bill based on their maturity: 7-day, 14-day and 30-day. The surplus fund totalled Tk 220,880 crore in October, up 0.6 per cent from that the month before. Of the total excess fund, Tk 168,508 crore is concentrated among only a dozen banks, accounting for 76 per cent of the additional liquidity. The call money rate stood at 4.49 per cent on November 18, up from 2.25 per cent on October 31. The central bank did not mop up any money from a scheduled auction for the BB bill held last week. The central bank yesterday took a decision to discard the auction.

Source: https://www.thedailystar.net/business/economy/banks/news/bb-decides-not-mop-funds-2907026

DP World to invest $1.0b in BD

DP World, a Dubai-based multinational logistics company, will invest $1.0 billion in Bangladesh’s supply chain infrastructure, including ports, rail network and inland container terminals, reports UNB. This is within the scope of the government-to-government agreement entered into in 2019 for public-private participation on infrastructure projects, said a press release of the company on Tuesday. The assurance came when a high-level delegation of the Bangladesh government led by State Minister for Shipping Khalid Mahmud Chowdhury, visited Jebel Ali Free Zone and the Jebel Ali Port in Dubai on November 21-23. During the tour, they also visited the DP World Pavilion at the Expo 2020 Dubai. The visit represents a key step in reinforcing DP World’s commitment to partner with the government of Bangladesh in enhancing its supply chain infrastructure and processes. The delegation members witnessed a demonstration of BoxBay, the new intelligent High Bay Storage (HBS) system, toured the Jebel Ali Free Zone and visited the DP World Cruise Terminal. Visitors to the five-floor DP World Flow pavilion, which has four main galleries, have an opportunity to explore the movement of commerce around the world that drives the global economy, giving a unique insight into the innovative technology of supply chains.

Source: https://today.thefinancialexpress.com.bd/trade-market/dp-world-to-invest-10b-in-bd-1638295834

HSBC voted ‘market leader’, ‘best service’ in Bangladesh by Euromoney

HSBC has been voted “market leader” and the “best service” in Bangladesh in the Euromoney Cash Management Survey 2021. With this, HSBC has been voted ‘market leader’ for the 12th time and the ‘best service’ for four years in a row in Bangladesh while globally, this is the 10th year in a row that the organisation has taken the top spot for corporates. HSBC Bangladesh has a wide range of liquidity management products across payables, receivables, clearing and foreign currency, liquidity, liability and investments. 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, it added.

Source: https://www.thedailystar.net/business/economy/banks/news/hsbc-voted-market-leader-best-service-bangladesh-euromoney-2906931

 Tax return submission deadline now Dec 31

The National Board of Revenue (NBR) yesterday extended the deadline for income tax return submission by a month. It means that taxpayers would be able to furnish their tax returns by December 31, according to a notification from the NBR. The extension comes on the last day of the official deadline for return filing on November 30, also termed as Tax Day as a big number of taxpayers are yet to file their income, expenditure and wealth statements. Currently, filing of income tax returns is compulsory for all taxpayers, except for credit cardholders with no taxable income, people who registered for a taxpayer identification number (TIN) to sell land and non-residents who do not have any fixed base in Bangladesh. At present, roughly 70 lakh persons are registered as taxpayers and nearly 40 per cent of the taxpayers file returns.

Source: https://www.thedailystar.net/business/economy/industries/tax-customes/news/tax-return-submission-deadline-now-dec-31-2906996

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,483.72
↓ 652.22↓ 1.86 %
FTSE100$ 7,059.45↓ 50.50↓ 0.71 %
Nikkei 225$ 27,962.50↑ 140.74↑ 0.51 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 67.59↑ 1.41↑ 2.13 %
Crude Oil (Brent)$ 70.57↓ 2.87↓ 3.91 %
Gold Spot$ 1,778.11↑ 3.59↑ 0.20 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 85.8000
GBP 1BDT 114.2770
EUR 1BDT 96.9025





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