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 July 18, 2021

Tax receipts from DSE hit 10-year high

The government’s revenue earnings from the Dhaka bourse hit a 10-year high to Tk 2.66 billion in the just concluded fiscal year. Market operators said on the back of rising trading volume, the government earnings from the prime bourse rose accordingly, as earning is related to turnover. However, the government’s earnings from the Dhaka Stock Exchange (DSE) dipped more than 10 years low to Tk 1.04 billion in the past FY2019-20 due to sluggish market turnover coupled with trading suspension for more than two months due to Covid-19 outbreak.The government bagged revenue worth Tk 2.66 billion in the FY2020-21, which was Tk 1.04 billion in the FY2019-20, registering an increase of 156 per cent year-on-year, according to statistics from the DSE. Of the total earnings in the FY2020-21, Tk 1.80 billion came from the TREC (trading right entitlement certificate) holders’ commission, popularly known as brokerage commission.The DSE, on behalf of the government, collects the tax as TREC holders’ commission at a rate of 0.05 per cent and from sponsor-directors’ and placement holders’ shares sales at a rate of 5.0 per cent. The bourse then deposits the amount to the public exchequer.The daily turnover, the important gauge, jumped to more than Tk 10 billion on average in the FY2020-21, surging by 162 per cent over the previous fiscal’s average of Tk 3.81 billion.Between July 1 and June 30, DSEX, the prime index of the DSE, rose 2,161 points or 54 per cent to reach at 6,150 on June 30. With the inclusion of some big companies in the outgoing fiscal like largest IPO Robi Axiata, the market capitalisation of the prime bourse also soared to an all-time high at Tk 5,252 billion on July 15, 2021.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/tax-receipts-from-dse-hit-10-year-high-1626536931

 Spice market heats up ahead of Eid

Despite assurances made by the government to keep spice prices under control ahead of Eid, prices of spices including clove, cumin seeds and cardamom, known as ‘garam masala’, increased by 8.0-10 per cent in a week. Cardamom prices shot up to Tk 3,400-3,600 per kilogram (kg) at retail level depending on quality while clove to Tk 1,100-1200 a kg on Thursday.Meanwhile, the wholesalers and retailers have blamed each other for the hike. Prices of cumin seeds increased to Tk 400-500 a kg based on variety. However, cinnamon prices remained static at Tk 450-500 a kg in the week. Prices of two other main cooking ingredients, ginger and garlic, had already increased notably by 40-65 per cent in the last seven days which traders attributed to the rise in import costs. Local ginger was sold at Tk 150-160 per kg and garlic at Tk 120-140 a kg on Saturday. Imported Chinese ginger was selling at Tk 200-220 a kg while garlic at Tk 160-180 on the day. However, prices of onion remained static at Tk 45-55 a kg.The prices of spices would not go up since the government has taken necessary measures to this end like the previous years.

Source: https://today.thefinancialexpress.com.bd/trade-market/spice-market-heats-up-ahead-of-eid-1626538269

New Managing Director of National Housing

Mr. Mohammad Shamsul Islam has been appointed as Managing Director of National Housing Finance and Investments Ltd. (NHFIL) for 3 (three) yearswith effect from 16th July 2021. Mr. Mohammad Shamsul Islam joined as Additional Managing Director of National Housing Finance and Investments Ltd. (NHFIL) in February 2021. Upon retirement of immediate past Managing Director, the Board of Directors has appointed Mr. M.S. Islam as Managing Director.Prior to joining as Additional Managing Director, he was Deputy Managing Director of Global Islami Bank Limited from May 2017. Mr. M.S. Islam has more than 32 years’ experience in Banking Sector. He started his career with AB Bank Limited as Probationary Officer in the year 1989. Mr. M.S. Islam completed his MBA in Banking from the University of Dhaka.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/new-managing-director-of-national-housing-1626537228

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,687.85
FTSE100$ 7,008.09↓ 3.93↓0.06%
Nikkei 225$ 28,003.08↓276.01↓0.98%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 71.81↑0.16↑0.22%
Crude Oil (Brent)$ 73.59↑0.12↑0.16%
Gold Spot$ 1,812.05↓17.42↓0.95%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8012
GBP 1BDT 117.5345
EUR 1BDT 100.3961





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