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 January 01, 2023

Mega projects in 2022: After two opened, sight set on more in 2023

Bangladesh witnessed successful completion of two mega projects — Padma Bridge and metro rail — in the just concluded year of 2022, marking a massive development in the country’s communications network. Some more communication projects are expected to be ready by this new year beginning today (Sunday), making a paradigm shift in the communications sector considered to be suitable for meeting the needs of the fast-growing economy that aspires to become a developed one by 2041. State Minister for Planning Professor Shamsul Alam said the government’s ambitious development dreams have come true in recent months as a couple of big infrastructures have already been materialised. At least 2-3 other projects will also become visible within this calendar year (2023) that will accelerate the country’s economic growth further, he added. Big projects like 3.32km Karnaphuli Tunnel, 127km Dohazari-Ghundum railway, Dhaka elevated expressway and BRT from Airport to Gazipur are scheduled to be completed by 2023, in addition to projects in the energy sector, including Rampal and Matarbari power plants.

Source: https://thefinancialexpress.com.bd/economy/mega-projects-in-2022-after-two-opened-sight-set-on-more-in-2023-1672541680

Revenue collection grows 14pc

Domestic revenue mobilisation posted more than 14-percent growth in the outgoing year 2022 amid inflation-fuelled economic slowdown and erosion of real income. Despite disrupted supply chain for the Russia-Ukraine war, costly dollar and high commodity prices globally, the government’s revenue-collection efforts paid off. However, the revenue board faced challenges like dollar crisis, higher import margin, regulatory duty to restrict import of non-essential products, discouraging import of luxuries and tax reduction in essential goods like petroleum products, sugar and rice. Yet the mechanics of the National Board of Revenue (NBR) brought the tax authority to a new height expediting revenue collection, better service delivery as well as compliances. The taxman innovated electronic tax-deducted at source, online tax return submission system, and verification of proof of submission of tax return.

Source: https://thefinancialexpress.com.bd/economy/revenue-collection-grows-14pc-1672455516

Malek, Elahi elected as MTB chairman, vice-chairman

Md Abdul Malek was recently elected as the chairman of Mutual Trust Bank. Malek was serving the bank as vice-chairman for the last two years, a press release said. He was the chairman of Sheltech Consultants (Pvt) Ltd. Malek obtained a bachelor’s degree in civil engineering from the Bangladesh University of Engineering & Technology. Syed Manzur Elahi, founding chairman of MTB and Pioneer Insurance Company, has been elected as vice-chairman of the bank. Elahi served as the chairman of the MTB board executive committee. He is the chairman of various concerns of Apex Group, Grey Advertising (Bangladesh), Quantum Consumer Solutions, Manusher Jonno Foundation, Sunbeams School and MTB Foundation. He is the managing director of International Publications, director of the Credit Rating Agency of Bangladesh and the Central Depository Bangladesh, chairman of the board of trustees of East West University, member of the board of trustees of the Centre for Policy Dialogue, the Diabetic Association of Bangladesh and the Bangladesh Freedom Foundation. He did an MA in economics from the University of Dhaka.

Source: https://www.thedailystar.net/business/economy/news/malek-elahi-elected-mtb-chairman-vice-chairman-3209851

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,147.25
↓ 73.55 ↓ 0.22%
FTSE100$ 7,451.74 ↑ 60.98↑ 0.81%
Nikkei 225$ 26,094.50 ↑ 0.83 0.00%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 80.26 ↑ 1.86↑ 2.37%
Crude Oil (Brent)$ 85.91 ↑ 2.45 ↑ 2.94%
Gold Spot$ 1,824.02↑ 9.11↑ 0.50%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 102.7200
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