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 15, 2023

Chinese firm to invest $45m in Bangabandhu Sheikh Mujib Shilpa Nagar

Chinese firm Fujian Mengba Investment Co Ltd will build a steel construction materials factory at Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) by investing $45 million. To this end, Bangladesh Economic Zones Authority (Beza) and Fujian Mengba Investment signed an agreement on Wednesday (14 June) for allotment of 20acre land to the company, Beza said in a press release. Beza said the company will manufacture construction materials including MS rods, angles, channels with an investment of about $45 million. The factory is expected to create employment for 1,350 people. Bangabandhu Sheikh Mujib Shilpa Nagar, one of the largest economic zones in South Asia, is being constructed in an area of 30,000 acres of land in Mirsarai and Sitakunda upazilas of Chattogram and Sonagazi upazila of Feni. Earlier, five Chinese investors were allotted land in BSMSN. Overall, eight Chinese investors have been allocated land in the economic zone. Beza has set a target of building 100 economic zones by 2041.

Source: https://www.tbsnews.net/economy/chinese-firm-invest-45m-bangabandhu-sheikh-mujib-shilpa-nagar-649770

Tax return for credit card to bar financial inclusion

The tax on digital payments tools should be reduced and incentives should be given to encourage electronic payments in a bid to transform the country into a cashless society. According to the government’s vision of “Smart Bangladesh” by 2041, the country would become a technology-driven smart nation, a strategic roadmap building on the existing “Digital Bangladesh” Vision. With four fundamental pillars — Smart Citizen, Smart Economy, Smart Society, and Smart Government — the vision outlines an inclusive society and an aspiration to become a fully cashless economy. The digital payments industry, including different top chambers, had long anticipated the introduction of a 5 per cent incentive on digital payments, of which, users would receive a 3 per cent incentive for conducting digital transactions, while merchants would benefit from the remaining 2 per cent for accepting digital payments.

Source: https://www.thedailystar.net/special-events/national-budget-2023-24/news/tax-return-credit-card-bar-financial-inclusion-3346641

Electrical, electronic goods export surges

The shipment of electrical and electronics goods from Bangladesh displayed an impressive growth of 48 per cent in July-May of the outgoing financial year on the back of improving product quality and government support. According to the Export Promotion Bureau, Bangladesh earned $115.30 million by selling electrical and electronics items in the overseas markets in the first 11 months of 2022-23, which was $77.86 million during the identical period a year earlier. This means the segment has surpassed the $105 million export target set for the entire FY23, which ends on June 30, as well as the actual receipts of $100.10 million recorded in the previous financial year. The stellar performance comes at a time when Bangladesh’s overall export earnings have slowed owing to the global slowdown and higher inflation. The shipment grew 7.11 per cent year-on-year in July-May.

Source: https://www.thedailystar.net/business/economy/news/electrical-electronic-goods-export-surges-3346646

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,979.33
↑ 232.79↑ 0.68 %
FTSE100$ 7,602.74↑ 7.96↑ 0.10 %
Nikkei 225$ 33,609.10↓ 106.68↓ 0.32 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 68.63↑ 0.36↑ 0.53 %
Crude Oil (Brent)$ 73.56↑ 0.36↑ 0.49 %
Gold Spot$ 1,937.18↓ 5.34↓ 0.27 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 108.0300
BDT 109.0000

*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