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 June 01, 2022

Tax-free forex earning for flag vessels on cards

The government has decided to give tax exemption on foreign currency income by Bangladeshi flagged oceangoing ships from the upcoming fiscal year in a bid to earn $3 billion to $4 billion a year, according to finance ministry officials. Currently, these local ships have to pay 10% tax on their incomes. Ministry officials said the facility will continue till 2030 if the vessels’ foreign exchange income is brought into the country through banking channels. According to the Mercantile Marine Department, Bangladesh currently has a fleet of 81 ocean-going vessels, with KSRM Group alone owning 23 oceangoing bulk carriers. Besides, Meghna Group of Industries owns 16 vessels, Akij Group has 10, the state-run Bangladesh Shipping Corporations owns 8, Karnaphuli Group owns 6, and Bashundhara Group and BSA Group each own 5 vessels. The sector has an investment of $2 billion, according to sources. Bangladeshi businesses have to spend over $9 billion as freight charges for export and import, but local oceangoing vessels can tap into only 10-15% of it, which is less than $1 billion.

Source: https://www.tbsnews.net/economy/budget/tax-free-forex-earning-flag-vessels-cards-430778

Dhaka stocks rise slightly

Dhaka stocks rose slightly on Tuesday, extending the gaining streak to the fourth session as a section of investors went for buying shares while many others remained concerned about the macroeconomic situation. DSEX, the key index of the Dhaka Stock Exchange, increased by 0.06 per cent, or 4.19 points, to close at 6,392.85 points on Tuesday. The DSEX gained 204 points in the past four sessions. Out of the 376 issues traded on Tuesday, 137 advanced, 196 declined and 43 remained unchanged on the DSE. The Bangladesh Securities and Exchange Commission on May 25 issued a directive, lowering the price fall limit to 2 per cent from 5 per cent on all listed companies while keeping the upper limit open at 10 per cent. The turnover on the DSE dropped to Tk 637.87 crore on Tuesday compared with that of Tk 836.4 crore in the previous session. The DSE Shariah index also added 1.74 points to close at 1,403.53 points, but, the DS30 index shed 0.02 points to finish at 2,350.25 points.

Source: https://www.newagebd.net/article/172049/dhaka-stocks-rise-slightly

Mr. Monzurur Rahman re-elected chairman of Pubali Bank

Mr. Monzurur Rahman has been re-elected as Chairman of the Board of Directors of Pubali Bank Limited. He was re-elected at the 1338th Board Meeting of the bank. Mr. Monzurur Rahman is the Chairman of Rema Tea Company Ltd. He has long 53 years experience in banking, insurance and tea business. He was an Independent Director of Lafarge Holcim Bangladesh Ltd.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/monzurur-rahman-re-elected-chairman-of-pubali-bank-1654020966

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 32,990.12
↓ 222.84↓ 0.67 %
FTSE100$ 7,600.06↑ 14.60↑ 0.10 %
Nikkei 225$ 27,446.29↑ 166.49↑ 0.61 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 115.08↑ 0.41↑ 0.36 %
Crude Oil (Brent)$ 122.84↑ 1.17↑ 0.96 %
Gold Spot$ 1,835.62↓ 1.73↓ 0.09 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 87.9000
GBP 1BDT 112.6206
EUR 1BDT 95.9509

*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