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 07, 2022

Large conglomerates expanding ceramic footprints

Rapid urbanisation, diversified housing and a rise in people’s disposable income: these are the factors that have been boosting the country’s ceramic market to a more than Tk6,000 crore with a 20% annual growth. The increasing demands for ceramic tableware, sanitaryware and tiles encouraged the large conglomerates to enter the market while the existing players are also in an expansion mode. Meanwhile, agri- consumer giant Pran-RFL is revving up to enter the ceramic market that has clocked around 100% growth in the last six years. The company will manufacture tiles initially. Ceramic market in the past six years got at least Tk4,000 crore investments by five large companies such as Sheltech, DBL and Greatwall Ceramic – raising the total market investment to Tk10,000 crore. According to the Bangladesh Ceramic Manufacturers’ and Exporters’ Association, ceramics logged Tk6,000 crore sales in the 2020-21 fiscal year. Of it, tableware and bathroom fittings jointly amounted to Tk1,000 crore. Local manufacturers in that year sold Tk4,300 crore tiles, while the item worth Tk700 crore was imported.

Source: https://www.tbsnews.net/economy/industry/large-conglomerates-expanding-ceramic-footprints-367366

Tax receipts from DSE jump 51 per cent in seven months

The government revenue earnings from Dhaka Stock Exchange (DSE) jumped 51 per cent in seven months for July-January period of the current fiscal year compared to the same period last fiscal, powered by rising trading volume. The government bagged revenue worth Tk 2,786 million in the seven months for July-January of the fiscal year (FY) 2021-22, as against Tk 1,842 million in the same period of the previous fiscal, showing a 51 per cent growth, according to statistics with the prime bourse. Of the total earnings, Tk 2,334 million came from the TREC holders’ commission, popularly known as brokerage commission, while Tk 452 million from the share sales by sponsor-directors and placement holders during the period under review. Meanwhile, the prime bourse has started availing the electronic tax deducted at source (e-TDS) system to pay taxes to the public exchequer. Recently, it has paid tax under Tax Zone-13 of the National Board of Revenue (NBR) using the e-TDS system.The daily turnover, the important gauge, rose to about Tk 15.25 billion on an average in seven months for July-January in the current fiscal year which was Tk 12.50 billion in the same period in the previous fiscal year.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/tax-receipts-from-dse-jump-51-per-cent-in-seven-months-1644166534

Kazi Mahmood Sattar new chairman of IPDC

Renowned banker Kazi Mahmood Sattar has been appointed as the new Chairman of IPDC Finance Limited as announced in the 198th meeting of the Board of Directors. Mr. Sattar started his career with ANZ Grindlays Bank in 1981. Later he got the opportunity to work with the bank overseas in Mumbai and Melbourne.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/global-equity-funds-see-biggest-inflow-in-three-weeks-1644074548

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 35,089.74
↓21.42↓0.06 %
FTSE100$ 7,516.40↓12.44↓0.17 %
Nikkei 225$ 27,205.81↓234.18↓0.85 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 91.88 ↓0.43↓0.47 %
Crude Oil (Brent)$ 93.37↑0.10↑0.11%
Gold Spot$ 1,810.49↑2.21↑0.12%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 86.00
GBP 1BDT 116.3752
EUR 1BDT 98.4786





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