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 21, 2021

BB bats for sukuk investors

The central bank has proposed the National Board of Revenue (NBR) to consider the profits earned by individual investors from their investment in the Islamic bond as tax-free income. The banking regulator has also suggested the NBR withdraw the 5 per cent source tax on the investment in the Shariah-compliant bond, known as sukuk. The Bangladesh Bank wrote a letter to the NBR on March 4, requesting it to take measures so that clients get inspired to purchase Sukuk certificates in the secondary bond market.The Bangladesh Bank issued a sukuk on December 28, the first of its kind in Bangladesh, to raise Tk 8,000 crore for the implementation of a nationwide safe water supply project.The government initially raised 50 per cent of the targeted amount, and the rest Tk 4,000 crore will be mobilised in May.Investors will enjoy a profit of 4.69 per cent on their investment in the Islamic bond. The sukuk will mature in five years, and the government looks to implement the safe water supply project by June 30, 2025.The central bank has urged the NBR to treat Sukuk like three other bonds the government has introduced for expatriate Bangladeshis. The Bangladeshis investing in the US Dollar Premium Bond, the US Dollar Investment Bond, and the Wage Earners Development Bond do not face any tax.

Source: https://www.thedailystar.net/business/news/bb-bats-sukuk-investors-2064089

Dhaka Bank signed an agreement recently for providing cash management services to Progressive Life Insurance Company

Dhaka Bank signed an agreement recently for providing cash management services to Progressive Life Insurance Company Limited. Akhlaqur Rahman, SEVP & Head of Corporate Banking Division, Dhaka Bank Ltd, and Ajit Chandra Aich, CEO of Progressive Life Insurance Company Limited, signed and exchanged the documents of agreement.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/dhaka-bank-signed-an-agreement-recently-for-providing-cash-management-services-to-progressive-life-insurance-company-1616254745

Take steps to lower LC margin, cut import duty

The home ministry has requested the commerce ministry to take effective measures ahead of the upcoming Ramadan so as to keep the prices of essential items stable during the holy month. To this end, it has suggested that the commerce ministry give necessary instructions to the regulator concerned to lower the margins on opening letters of credit (LCs) and cut import duty, aiming to help importers of the essential commodities. It recommended strengthening the activities of the Trading Corporation of Bangladesh (TCB) and importing essential items with providing government subsidy and incentive, if needed, to maintain price stability in the market.Trading Corporation of Bangladesh (TCB), a state-owned agency, will launch open market sale (OMS) of key essential items from April 01 next to keep prices within the buying capacity of the common people ahead of upcoming Eid-ul-Fitr. TCB would sell essential commodities in different parts of the country, using over 500 trucks in Dhaka, Chattogram and other divisional cities and each district town.

Source: https://today.thefinancialexpress.com.bd/trade-market/take-steps-to-lower-lc-margin-cut-import-duty-1616257101

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 32,627.97
FTSE100$ 6,708.71↓70.97 ↓1.05%
Nikkei 225$ 29,792.05↓424.70↓1.41%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 61.42 ↑1.42↑2.37%
Crude Oil (Brent)$ 64.53 ↑1.25↑1.98%%
Gold Spot$ 1,745.23↑8.81↑0.51%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8010
GBP 1BDT 118.4416
EUR 1BDT 101.5916





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