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 07, 2022

Bangladesh Bank fixes interbank dollar rate at Tk91.95

The Bangladesh Bank fixed the interbank exchange rate of dollar at Tk91.95 today. About $10 million was sold by the central bank on Monday, said BB spokesperson Md Serajul Islam. The central bank will sell dollars at the newly fixed rate from now. The price has been increased by Tk2.05 from Sunday’s rate of Tk89.90. On Thursday, the price of dollars was Tk91.5. Previously on Sunday, most banks in the country settled import Letters of Credit (LCs) at Tk91.50-Tk92 per dollar, two days after the central bank withdrew the uniform exchange rate of dollars. In interbank transactions alone, the taka has depreciated by more than 3% against the US dollar since April 2021. In April last, the exchange rate was Tk84.8. On 12 April, following an inter-ministerial meeting, the BPC was told to pay the fuel oil bill by purchasing dollars at the market rate or the interbank rate. On April 26 of the same month, the BPC informed the decision to the state-owned and private banks.  With the inter-bank exchange rate rising, the value of paper dollars is also increasing by leaps and bounds. On Monday, buyers had to pay Tk98.20 to buy $1 from money exchangers. Earlier, on 17 May, the price of $1 rose to Tk102 in the kerb market.

Source: https://www.tbsnews.net/economy/bangladesh-bank-fixes-interbank-dollar-rate-tk9195-434150

Govt to lower corporate tax to 12% for non-RMG sectors

The government is going to introduce a 12% corporate tax for all export sectors – the same rate as the readymade garment industry is now enjoying – with a view to encouraging export diversification, according to finance ministry sources. Besides, green industries exporting goods and services will be taxed at 10%. All sectors other than the RMG now pay a 30% tax for exports of goods and services. The prevailing tax rate for export-oriented RMG factories stands at 12% and it is 10% for green ones. The new budget will also propose imposing a 5% source tax on rental value of waterbodies, which are not government property.  At the same time, Internet service providers also will face a 10% source tax while receiving their payments.

Source: https://www.tbsnews.net/economy/budget/govt-lower-corporate-tax-12-non-rmg-sectors-434486

Insurance companies see highest price appreciation

Dhaka bourse closed the Monday’s session marginally lower after seven sessions of continuous rise following mixed performance of major sectors. Insiders said investors opted to book profits offloading their holdings matured in previous sessions. Of the major sectors, general insurance saw the highest price appreciation and all of the top 10 gainers were from this sector. The share prices of the top 10 gainers rose ranging 9.39 per cent to 10 per cent on Dhaka Stock Exchange (DSE). The DSE opened the day’s session positively and the DSE broad index DSEX continued an upward trend for around 50 minutes. Later, the DSEX exhibited ups and downs and finally closed the session with a marginal loss. At the end of the session, the DSEX closed at 6489.17 with a loss of 0.12 per cent or 8.22 points.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/tanjil-chowdhury-re-elected-chairman-of-prime-bank-1654452984

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 32,915.78
↑ 16.08↑ 0.05 %
FTSE100$ 7,608.22↑ 75.27↑ 1.00 %
Nikkei 225$ 28,076.09↑ 160.20↑ 0.57 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 119.33↑ 0.83↑ 0.70 %
Crude Oil (Brent)$ 120.26↑ 0.75↑ 0.63 %
Gold Spot$ 1,840.81↓ 0.62↓ 0.03 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 91.5000
GBP 1BDT 114.3018
EUR 1BDT 98.1063

*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