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 28, 2024

Corporate tax not rising for compliant listed companies

Tax rates for publicly-listed companies may remain unchanged in the upcoming fiscal year while some changed parlances could make uncertain the availing of lower tax rates tagged with conditions. However, although the tax rate would remain same, in principle, the base rate may see a rise for the publicly listed companies which may, again, go down to the existing rates if the condition of cashless- transaction limit is complied with. However, the tax rates for listed companies with free float up to 10 per cent and above with cashless transactions would be 20 per cent and 22.5 per cent as in the current fiscal year. Noncompliance with the cashless-transaction limit has to be paid for-the rates will be higher at 22.5 per cent and 25 per cent tax respectively. However, taxmen may get ‘if conditions are met’ instead of existing ‘failure to meet the conditions’ incorporated into the Finance Bill 2024. Currently, base rates of corporate tax for listed companies are 20 per cent and 22.5 per cent which taxpayers used to avail as standard rates. If the rates change to 22.5 per cent and 25 per cent, many companies may not be able to avail 2.5-percent lower taxes by way of compliance with cashless transaction, according to the ex-official. The condition on cashless limit is not exceeding Tk 0.5 million for a single transaction and not above Tk 3.6 million per annum.

Source: https://today.thefinancialexpress.com.bd/first-page/corporate-tax-not-rising-for-compliant-listed-companies-1716834434

Pran-RFL gets nod to use land of shuttered govt textile mills

Pran-RFL Group is going to build factories to manufacture products related to textiles on the land of two shuttered mills of the Bangladesh Textile Mills Corporation under a public-private partnership. A total of 20 acres of land of RR Textile Mills located in Sitakunda of Chattogram will be leased out to the group for 30 years. Besides, Chorka Textile of the group will set up mills by taking lease of 26 acres of land of Rajshahi Textile Mills for 30 years. During the period, the government will purchase electricity from the company at Tk 7.04 per kilowatt. Besides, the committee also approved proposals to purchase 50 lakh litres of soybean oil at Tk 151.45 per litre, 1.30 crore litres of palm oil at Tk 143 per litre, and 10,000 tonnes of lentils at Tk 101.30 per kilogramme from local markets.

Source: https://www.thedailystar.net/business/news/pran-rfl-gets-nod-use-land-shuttered-govt-textile-mills-3620416

Pubali Bank launches Visa debit, credit cards with BSMMU

Pubali Bank launched co-branded Visa debit and credit cards with Bangabandhu Sheikh Mujib Medical University (BSMMU) at Shahid Dr. Milon Auditorium, BSMMU on Monday. Mohammad Ali, managing director & CEO of Pubali Bank, and Professor Dr. Deen Mohd. Noorul Huq, vice-chancellor of BSMMU.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/pubali-bank-launches-visa-debit-credit-cards-with-bsmmu-1716832779

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 39,069.59
↑ 4.33↑ 0.01 %
FTSE100$ 8,317.59↓ 21.64↓ 0.26 %
Nikkei 225$ 38,826.89↓ 73.13↓ 0.19 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 78.87↑ 1.15↑ 1.48 %
Crude Oil (Brent)$ 83.26 ↑ 0.16↑ 0.19 %
Gold Spot$ 2,352.01↑ 1.04↑ 0.04 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Inter-Bank Exchange Rates
CurrencyLowestHighestCurrent WAR

*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