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 30, 2020

Introductory event on VAT e-payment system

The Hongkong and Shanghai Banking Corporation Limited (HSBC) in Bangladesh, in association with National Board of Revenue (NBR) on Wednesday jointly hosted an introductory event and awareness session on the recently launched NBR’s VAT e-Payment System.HSBC Bangladesh is one of the pilot banks of this project and was the first bank in the market to make live transaction on this platform, said a statement.NBR along with Bangladesh Bank has taken this remarkable initiative to digitalise the VAT payment process ensuring that overall VAT payment collection becomes more efficient and convenient for end users. In the virtual event, NBR also made a short presentation to educate the participants about how the VAT e-Payment System works.Currently, VAT payments are primarily collected through physical instruments (e.g. pay order or bank cheque) which are more manual, time consuming and error-prone in nature. Through HSBC’s eVAT proposition, businesses and organisations can quickly complete VAT payment through HSBCnet, HSBC’s online platform for corporates.The payment will be received by the NBR’s account for VAT held in Bangladesh Bank electronically. Upon completion of a successful transaction, the client will immediately receive an SMS with a VAT challan number and subsequently will receive an email with challan copy particulars. Each transaction will be completed near real-time through Real Time Gross Settlement (RTGS) transactions, instead of two to three days which is typical for payments using physical instruments.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/introductory-event-on-vat-e-payment-system-1596047587

DSEX adds 95 points in five straight sessions

Stocks extended the winning streak for the fifth straight session Wednesday as the bargain hunters continued their appetite on sector-wise issues amid post-Eid expectation.DSEX, the key index of the Dhaka Stock Exchange, went up by 14.66 points or 0.35 per cent to settle at 4,171 during the four hours trading.Market analysts said the central bank’s expansionary monetary policy statement, gradual reopening of the economy coupled with no major spike in daily Covid-19 infected cases, led investors to take position in sector-wise stocks.Turnover, another important indicator of the market, stood at Tk 3.99 billion on the country’s prime bourse, which was 10 per cent lower than the previous day’s turnover of Tk 4.45 billion.The DSE Shariah Index also advanced 0.75 point to close at 964. However, the DS30 index, comprising blue chips, lost 0.79 points to finish at 1,402.Most of the shares remained stuck at the trading. Of the issues traded, 169 remained unchanged while 126 issues advanced and 58 declined on the DSE floor.A total number of 95,161 trades were executed in the day’s trading session with a trading volume of 111.59 million shares and mutual fund units.The market-cap on the premier bourse also rose to Tk 3,233 billion on Wednesday, from Tk 3,227 billion in the previous session.The Chittagong Stock Exchange also edged higher with its All Shares Price Index (CASPI)-gaining 40 points to close at 11,874 and the Selective Categories Index – CSCX -advancing 25 points to finish at 7,200.Of the issues traded, 93 gained, 27 declined and 100 remained unchanged on the CSE.The port city bourse traded 3.84 million shares and mutual fund units with turnover value of Tk 143 million.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/dsex-adds-95-points-in-five-straight-sessions-1596047790

Mahfuzur Rahman new Chairman of Janata Bank

Dr SM Mahfuzur Rahman has been appointed as the chairman of the board of directors of Janata Bank Limited (JBL), said a press release.He is also Vice-Chancellor of BGMEA University of Fashion and Technology.Earlier, he served as the chairman of the Department of Finance and Director of the MBA, Professional Masters, International Business and Finance Departments while he was working at the University of Dhaka as a Professor since 1984.In addition, he worked as director, Rupali Bank Limited, Bangladesh Development Bank Limited and also as chairman of Investment Corporation of Bangladesh.

Source: https://today.thefinancialexpress.com.bd/trade-market/mahfuzur-rahman-new-chairman-of-janata-bank-1596048200

New independent director joins Bank Asia

Helal Ahmed Chowdhury has recently joined Bank Asia Ltd as an Independent Director, said a statement.A seasoned banker with around four and a half decades of banking experience, Mr Chowdhury started his career at Pubali Bank in 1977 as a Class-I Officer through Superior Service Examination and was promoted in course to MD & CEO (2006-2014) in the same bank which is a rare event and record.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/new-independent-director-joins-bank-asia-1596047757

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DSEX4,171.21↑14.67↑ 0.35 %
DJIA$ 26,539.57
FTSE100$ 6,131.46↑ 2.20↑0.04%
Nikkei 225$ 22,408.29↓ 11.18↓ 0.05 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 41.31↑ 0.04↑0.10 %
Crude Oil (Brent)$ 43.80↑0.05↑0.11 %
Gold Spot$ 1,965.06↓5.73↓0.29 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8000
GBP 1BDT 109.6803
EUR 1BDT 99.3686
INR 1BDT 1.1321





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