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 29, 2023

Business review meeting for the year 2023 of Dhaka Bank held

A business review meeting for the year 2023 of Dhaka Bank Limited was held at Radisson Blu Dhaka on Saturday. Abdul Hai Sarker, chairman of the board of directors of the bank, inaugurated the meeting as the chief guest while Emranul Huq, managing director & CEO of Dhaka Bank, presided over the meeting. CEO of Dhaka Bank Foundation Arham Masudul Huq was also present.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/business-review-meeting-for-the-year-2023-of-dhaka-bank-held-1685296855

NBR to engage agents to help people file tax returns

The tax authority, for the first time, is going to engage individuals to help new taxpayers file tax return in a bid to increase compliance and narrow the gap between registered taxpayers and regular return filers. As planned, the National Board of Revenue (NBR) will provide an incentive to individuals, to be named “Tax Return Preparers (TRPs)”, to help it expand the number of tax return filers, which was 36 per cent of the total Taxpayers Identification Number (TIN) holders at 88 lakh as of April this year. If they can bring new taxpayers in the return filing, they will get a commission from the NBR on the tax paid by the taxpayers, he said, adding that there were practices of the TRPs in the US and Australia. The tax authority will provide a two per cent incentive on the next Tk 15,000 tax and one per cent for next Tk 50,000 of tax. The rate of incentive will be 0.5 per cent on the remaining of amount tax to be paid by taxpayers. This will be valid for the first three years, according to a draft rule.

Source: https://www.thedailystar.net/business/economy/news/nbr-engage-agents-help-people-file-tax-returns-3332096

Govt to avoid being guarantor of loans to reduce risk

The government plans a significant reduction in loan guarantees for state-owned enterprises in a bid to boost the capacity of the institutions and reduce external debt burden. Finance ministry sources have revealed that under the new measures, the government will cease to guarantee loans for government institutions or projects except for those deemed genuinely important in the public interest e.g. the TCB’s open market sale of essentials at subsidised rates and import of fertilisers. The move comes against the backdrop of a staggering 70% increase in the volume of guarantees against loans provided by various domestic and foreign lenders to state-owned enterprises since 2019. According to information revealed in the budget for the current fiscal 2022-23, the government had extended guarantees of Tk92,602 crore against loans taken by various state institutions until 30 June 2022, which was Tk57,000 three years ago.

Source: https://www.tbsnews.net/economy/govt-avoid-being-guarantor-loans-reduce-risk-639162

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,093.34
↑ 328.69↑ 1.00 %
FTSE100$ 7,627.20↑ 56.33↑ 0.74 %
Nikkei 225$ 31,224.99↑ 308.68↑ 1.00 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 73.27↑ 0.60↑ 0.83 %
Crude Oil (Brent)$ 77.49 ↑ 0.54↑ 0.70 %
Gold Spot$ 1,945.46↓ 1.00↓ 0.05 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 108.5000
BDT 108.5000

*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