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 November 22, 2022

October revenue sees 10% growth – despite import curb

The country’s overall revenue collection saw a slight improvement in October despite most of the key indicators of the macro economy currently trending downward. According to the National Board of Revenue (NBR) sources, the growth in revenue collection was 7.67% in September, which rose to 10% in October. Though the overall revenue collection rose by 10% in October, it is still 5% less than the corresponding period last year. From July to October of the current financial year, the overall revenue collection from import duty, VAT and income tax has grown by 14%, which is also less than the same period of the last fiscal. However, the total collection of import tax [customs duty, value-added tax (VAT) and tax] increased by less than 6% in October, which was 22% in the same period of the last fiscal year 2021-22, said NBR sources, adding that the import tax collection declined a bit due to import curb measures.

Source: https://www.tbsnews.net/economy/october-revenue-sees-10-growth-despite-import-curb-536382

SIBL focuses on grassroots to build up deposit base

Social Islami Bank Ltd (SIBL) is focusing on small depositors and millions of unbanked people in order to build a strong deposit base. The private bank has introduced savings schemes for education, marriage and medical care by giving importance to the needs of people, especially the middle class. The initiative comes as people need a good chunk of money for medical treatment and to get their children admitted to educational institutions at home and abroad. The savings schemes will enable the account holders to meet a portion of their requirements. “The feature of these savings schemes is that one can get the double the amount they deposit. We have already received a very good response from savers,” said Zafar Alam, managing director and chief executive officer of SIBL. “We always keep peoples’ needs in our mind.” Apart from this, SIBL plans to introduce deposit schemes for non-resident Bangladeshis (NRBs), retired citizens and street vendors in a bid to attract savers and bring more people under the banking system.

Source: https://www.thedailystar.net/business/economy/news/sibl-focuses-grassroots-build-deposit-base-3175786

Majority of listed govt firms post annual profits

Around 61% of listed public sector companies have posted profits while the rest were in the red in the last financial year. The Bangladesh Shipping Corporation topped the list by registering a 213% increase in its profit, buoyed mainly by soaring freight rates.  But the Power Grid Company of Bangladesh (PGCB) Ltd – the only state-owned power transmission firm in the country – has experienced a 61% profit drop owing to fluctuations in foreign currency rates. Eighteen government firms are listed on the capital market, most of which have monopolies in their respective sectors. All firms having business monopolies are making good profits. On the other hand, government companies having competitors in their respective industries – engineering, food and accessories sector and hotel and tourism – have not fared well, as usual.

Source: https://thefinancialexpress.com.bd/trade/btrc-to-run-audits-on-gp-robi-banglalink-1668999026

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
↓ 45.41 ↓ 0.13%
FTSE100$7,376.85↓ 8.67↓ 0.12%
Nikkei 225$28,146.59↑ 201.80↑ 0.72%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$79.73↓ 0.35 ↓ 0.44%
Crude Oil (Brent)$87.90 ↑ 0.45↑ 0.51%
Gold Spot$1,743.23↑ 5.18↑0.30%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 103.4100
BDT 106.9000

*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