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 March 07, 2022

Light commercial vehicle market expanding

The market for light commercial vehicles (LCVs) is growing steadily thanks to the rising number of small and medium enterprises and young entrepreneurs running businesses all over Bangladesh, according to market players. The LCV market size reached about Tk 1,200 crore in 2021 with annual sales averaging 11,000 units for the past three years. LCVs control 42 per cent of the commercial vehicle market on average, but in 2021, the segment’s market share edged up to 45 per cent on the back of 6 per cent growth in sales. Besides, a number of expatriates who returned home amid the ongoing coronavirus pandemic are purchasing LCVs, such as small covered vans and pickup trucks, to use them for commercial purposes. In both cases, the entrepreneurs make use of LCVs to pick up or make deliveries. Energypac’s assembly plant cranks out about 1,000 pickup trucks and 1,500 small covered vans per year. However, the presence of Japanese and Chinese truck manufacturers is very insignificant as Indian companies gained a foothold in Bangladesh by entering the market back in the 1980s and have since gradually overtaken their Asian and European counterparts.

Source: https://www.thedailystar.net/business/economy/news/light-commercial-vehicle-market-expanding-2977306

NBR extends duty benefit for raw sugar import

The National Board of Revenue (NBR) has extended its reduced tariff benefit for importing raw sugar until May 15 so that consumers can buy the sweetener at reasonable prices during the upcoming month of Ramadan. As such, refiners can import raw sugar by paying 20 per cent regulatory duty instead of the previous 30 per cent, according to a notification from the NBR issued yesterday. The move comes after the previous concessionary benefit for importing raw sugar with 20 per cent regulatory duty expired on February 28. The NBR slashed the regulatory duty on raw sugar on October 14 and offered the privilege until February 28 to curb the spiralling prices in the domestic market. On average, prices were 3.27 per cent higher than the Tk 75-78 paid per kilogramme a month ago. Similarly, yesterday’s refined sugar prices in Dhaka were 17 per cent higher year-on-year compared to Tk 65-70 in 2021, as per TCB data.

Source: https://www.thedailystar.net/business/economy/news/nbr-extends-duty-benefit-raw-sugar-import-2977286

International event on Islamic banking, finance on June 6

An international event on Islamic banking and finance will be held on June 6. “Malaysia-based REDmoney group is organizing the event titled ‘International IFN Bangladesh OnAir Forum”, said Md. Touhidul Alam Khan, Additional Managing Director of Standard Bank Limited who is nominated as one of the members of advisory board of this event. Under this theme, several emerging issues like tax, and regulatory changes on Sukuk, its potentiality as a form of mainstream financing, Shariah-based green and responsible financing solutions in response to important challenges, such as limiting climate change, alleviating poverty, and driving financial inclusion will be discussed. Bangladesh has 11 full-fledged Islamic banks and 15 Islamic windows, holding almost 24% of the country’s deposits and investments. There are 11 Takaful operators and about 12 conventional insurers are offering Takaful products.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/international-event-on-islamic-banking-finance-on-june-6-1646579358

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,614.80
↓ 179.86↓ 0.53 %
FTSE100$ 6,987.14↓ 251.71↓ 3.48 %
Nikkei 225$ 25,149.21↓ 836.26↓ 3.22 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 124.08↑ 8.40↑ 7.26 %
Crude Oil (Brent)$ 128.00↑ 9.89↑ 8.37 %
Gold Spot$ 1,989.78↑ 19.08↑ 0.97 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 86.00
GBP 1BDT 113.7694
EUR 1BDT 93.9808

*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