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 February 06, 2023

GDP growth rate 7.10pc, per capita income $2,793 in FY22

The gross domestic product (GDP) growth rate in the country in the last fiscal year (FY22) reached a healthy 7.10 per cent braving the shocks from the Covid-19 pandemic and the Russia-Ukraine conflict. The GDP growth rate in the country in FY21 was 6.94 per cent up from 3.45 per cent notched in FY20. The GDP growth rate in the country in FY19 was a healthy
7.88 per cent, reports BSS. According to the latest data of the Bangladesh Bureau of Statistics (BBS) issued on Sunday, the per capita income in the country in the last fiscal year (FY22) was $2,793 up from $2,591 recorded in FY21. The per capita income in FY20 was $2,326 up from $2,209 in FY19. Planning Minister MA Mannan on Sunday said that the latest GDP growth figures of Bangladesh were very good as he termed it as ‘outstanding’ considering the current global condition. He said amid the current global situation mostly because of the Russia-Ukraine conflict and the shocks of the Covid-19 pandemic, the figures were pretty good. “I was not surprised to see the figures amid the current global condition. The internal force has played its due role behind the such performance,” Mannan also noted that the strong labour force both domestically and in abroad has been continuing to give a solid foundation to the economy. He also hoped that the GDP growth rate in the current fiscal year and also in the next fiscal year would continue to keep up the current momentum despite the downward predictions by the development partners. The BBS statistics showed that the GDP size of Bangladesh in constant prices in the last fiscal year (FY22) reached Taka 3,03,51,496 million up from Taka 2,83,39,444 million recorded in FY21.

Source:  https://thefinancialexpress.com.bd/economy/gdp-growth-rate-710pc-per-capita-income-2793-in-fy22-1675606996

Launch campaigns at grassroots to boost tax

Prime Minister Sheikh Hasina yesterday asked the National Board of Revenue (NBR) to launch campaigns at the grassroots level and motivate people to pay tax as the country’s socioeconomic condition has improved radically in the last 14 years. “If you carry out campaigns there [at the upazila and union levels] in a good manner, people will spontaneously come forward [to pay tax]. They [taxpayers] are now getting services. So, people will pay tax to avail the services,” Hasina added. The premier made this comment while inaugurating the Revenue Conference 2023 at the Bangabandhu International Conference Centre in Dhaka. The NBR organised the two-day conference, which is the first of its kind, to develop the country’s revenue management system.

Source: https://www.thedailystar.net/business/economy/news/launch-campaigns-grassroots-boost-tax-3240116

Launch campaigns at grassroots to boost tax

Stocks in Bangladesh ended a three-day rise yesterday while a third of the turnover of the Dhaka bourse was of that of five companies. The DSEX, the benchmark index of the premier bourse in Bangladesh, fell 8 points, or 0.13 per cent, to close the day at 6,286. The DS30, the blue-chip index, dropped 0.20 per cent to 2,226 and the DSES, the Shariah-compliant index, also declined 0.41 per cent to 1,368. Of the securities to undergo trade, 43 advanced, 133 declined and 171 did not show any price movement. Turnover, an important indicator of the market, rose 9 per cent from that on the previous day of trade to Tk 752 crore. Of it, Tk 267 crore, or 35 per cent, was of five companies.

Source: https://www.thedailystar.net/business/economy/stock/news/five-firms-dominate-dse-turnover-3240076

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,926.01
↓ 127.93↓ 0.38%
FTSE100$ 7,901.80↑ 81.64↑ 1.04
Nikkei 225$ 27,726.04↑ 216.58↑ 0.79%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$73.54↓ 0.15↓ 0.20%
Crude Oil (Brent)$80.18↑ 0.24↑ 0.30%
Gold Spot$1,877.99↑ 13.02↑ 0.15%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 106.6000
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