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

Click to Close

Rate last updated: 02/01/2014 11:15:04 AM

Daily Business News Flash June 19, 2023

Income tax bill passed

Finance Minister AHM Mustafa Kamal placed the bill which was passed by voice votes. While the previous one was in English, provisions in the new law have been converted into simple Bangla and made more contemporary aligned with international best practices, applicable from the upcoming fiscal year. Currently, the government is collecting direct tax under the ordinance. There was a full-fledged income tax act in 1922. There are 348 sections in the new law, following which businesspersons can easily submit their income tax returns. A mathematical formula has been introduced in the law to help taxpayers determine their tax. The law also helps taxpayers submit their income tax returns online. As per the law, no tax deducted in advance from interest earned from securities would be considered for refund or to be carried forward. Audited financial statements have to be submitted by firms, associations of persons and funds having an annual turnover of over Tk 3 crore. The types of documents required for the submission of a company’s tax return has been reduced to 12 from 29 at present. Bank depositors having only fixed deposits of more than Tk 10 lakh will need to submit tax returns.

Source: https://www.thedailystar.net/business/economy/industries/tax-customs/news/income-tax-bill-passed-3349901

Forex reserves to rise to $30b within this month

Bangladesh’s foreign exchange reserves will rise to approximately $30 billion at the end of June this year, said the central bank yesterday. Forex reserves stood at $29.9 billion as of June 12 this year, including the export development fund and other foreign assets, down from $41.8 billion recorded at the end of June 2022, according to the Bangladesh Bank data.

Source: https://www.thedailystar.net/business/economy/news/forex-reserves-rise-30b-within-month-3349886

Parveen Mahmud wins ‘Women Global Awards 2023’

Parveen Mahmud, the first female president of the Institute of Chartered Accountants of Bangladesh (ICAB), won the “Top 50 Women Global Awards Sri Lanka 2023” in the category of “Leadership in Finance and Accounting” for her remarkable achievements and dedication to the profession in and beyond the border. She was the founding chairperson of CA Female Forum-Women in Leadership Committee at the ICAB and the vice-chairperson of the Women in Leadership Committee of the South Asian Federation of Accountants (SAFA), the apex accounting professional body of the South Asian Association for Regional Cooperation till 2019.

Source: https://www.thedailystar.net/business/economy/news/parveen-mahmud-wins-women-global-awards-2023-3349861

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,299.12
↑ 108.94↑ 0.32 %
FTSE100$ 7,642.72↑ 14.46↑ 0.19 %
Nikkei 225$ 33,349.05↓ 357.03↓ 1.06 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 70.71↓ 1.07↓ 1.49 %
Crude Oil (Brent)$ 75.46↓ 1.15↓ 1.50 %
Gold Spot$ 1,955.08↓ 2.90↓ 0.15 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 108.1900
BDT 108.8000

*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