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 May 17, 2022

Taka depreciates deeper

Bangladesh taka’s value dropped deeper in exchange with the US dollar amid higher demand for the greenback against lower receipts through trade and remittance. The local currency lost its value by 80 paisa on the inter-bank foreign- exchange (forex) market on Monday in such a fall after over a week, market operators told the FE. The US currency was quoted at Tk 87.50 each on the day against Tk 86.70 on the previous working day. It was Tk 86.45 on May 08. The dollar was traded at Tk 85.80 on January 08 this calendar year. The US dollar was quoted at maximum of Tk 87.60 each for the sale of bills for collection, generally known as BC, on the day against Tk 86.75 of the previous level. Bangladesh’s foreign-exchange reserves came down to $41.91 billion on Monday from $41.93 billion of the previous working day, according to official figures. The reserves fell to $41.95 billion on May 11 after the payment worth $2.24 billion to the Asian Clearing Union (ACU) against the imports of March-April period of 2022 from $44.11 billion of the previous working day.

Source: https://today.thefinancialexpress.com.bd/first-page/taka-depreciates-deeper-1652723389

Exporters for continuation of 0.5% source tax for 5 years

The Exporters Association of Bangladesh (EAB) has urged the government to continue 0.5% tax deducted at sources, widely known as source tax, on exports for at least five years in a bid to keep up Bangladesh’s export competitiveness amid the ongoing crises – soaring production costs, falling rates of taka against dollar and surging freight charges. The exporters also demanded to consider the source tax as the final settlement for the earnings so that they need not recalculate it in their income tax files.

Source: https://www.tbsnews.net/nbr/exporters-continuation-05-source-tax-5-years-421090

New AMD of Jamuna Bank

Md. Abdus Salam has been promoted as Additional Managing Director of Jamuna Bank Limited (JBL). He joined Jamuna Bank Limited as Executive Vice President in June of 2010, Mr. Salam started his banking career with Islami Bank Bangladesh Limited as Probationary Officer in May 1989. Afterwards he served Social Islami Bank Limited, Prime Bank Limited, and Mercantile Bank Limited in different capacities.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/new-amd-of-jamuna-bank-1652717598

NCC Bank to launch Islamic banking business

NCC Bank is going to introduce Islamic banking through setting up separate windows by the third quarter of this calendar year. The second generation Private Commercial Bank (PCB) has already received a no-objection certificate (NoC) from the central bank in this connection. NCC Bank is planning to enhance its financing in Retail and Small and Medium Enterprises (SME) for minimising risk and diversifying portfolios by the next two years. Under the new plans of the bank, the investment in Retail and SME will be reached at 35 per cent of its total loans and advances within 2023-24 from the existing level of 24 per cent.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/ncc-bank-to-launch-islamic-banking-business-1652717335

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 32,223.42
↑ 26.76↑ 0.08 %
FTSE100$ 7,464.80↑ 46.65↑ 0.63 %
Nikkei 225$ 26,627.50↑ 80.45↑ 0.30 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 113.78↓ 0.42↓ 0.37 %
Crude Oil (Brent)$ 113.92↓ 0.32↓ 0.28 %
Gold Spot$ 1,824.07↓ 0.07↓ 0.00%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 86.7000
GBP 1BDT 106.3376
EUR 1BDT 90.2981

*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