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 October 9, 2023

Third terminal to open new horizon for overseas trade

The third terminal at the Hazrat Shahjalal International Airport (HSIA) will open a new horizon in handling and air shipment of goods as the new facility is expected to improve the capacity of the cargo village. Local exporters and importers are optimistic that the incidents of thefts will not take place anymore and freight charges will come down significantly as more airlines will operate a higher number of cargo flights, which will make the business competitive. As an important player in the global readymade garment supply chain, local apparel suppliers have to air-ship more than 800 tonnes of goods a day. The volume goes up to 1,200 tonnes during peak times. The space dedicated to export-bound cargoes in terminals 1 and 2 is 19,600 square metres and their combined annual handling capacity is two lakh tonnes. The new terminal has a space of 36,000 square metres set aside for exporters and the handling capacity is 5.46 lakh tonnes per year. Currently, an area of 13,700 square metres is dedicated to dealing with imported cargoes in the two terminals while the third one will add 27,000 square metres. The handling capacity of the first two terminals is 84,379 tonnes while the third terminal will boost the capacity by 2.73 lakh tonnes.

Source: https://www.thedailystar.net/business/economy/news/third-terminal-open-new-horizon-overseas-trade-3437466

Private coal power plants to avail tax exemption till 2039

The National Board of Revenue (NBR) has relaxed rules to extend the income tax exemption facility to private coal-fired power producers by 15 years if they start electricity generation by June 30 next year. Earlier, the NBR offered the exemption to the producers that could begin producing electricity by June 30 this year. The extension comes following recommendations from the power, energy and mineral resources ministry as most of the power plants failed to go into production by the deadline, said a senior official of the NBR. Producers that signed agreements by June 30, 2020 to establish power plants will qualify for the tax waiver for 15 years from the start of the commercial operation. And the exemption can be enjoyed until June 30, 2039, according to a notification of the NBR issued on October 3. Installed capacity totalled 27,834 megawatts last month, more than five times higher than the 4,942 MWs in 2009.

Source: https://www.thedailystar.net/business/economy/news/private-coal-power-plants-avail-tax-exemption-till-2039-3435646

Bepza Economic Zone: Three firms gear up for production

Three companies in the Bangladesh Export Processing Zone Authority (Bepza) Economic Zone, established in the Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram, are gearing up to initiate production this month. Fengqun Composite Material Co (BD) Ltd, a Chinese enterprise, is among the three firms poised to commence manufacturing operations.  With an investment target of $2.2 million, the company will focus on producing a range of items, including shoe accessories and packaging materials such as duct tape, cartons, paperboard boxes, inner boxes, corrugated boxes, rigid boxes, foil sealed bags, and chipboard packing.

Source: https://www.tbsnews.net/economy/bepza-economic-zone-three-firms-gear-production-714282

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 33,407.58
↑ 288.01↑ 0.87 %
FTSE100$ 7,494.58↑ 43.04↑ 0.58 %
Nikkei 225$ 30,994.67↓ 80.69↓ 0.26 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 82.79 ↑ 0.48 ↑ 0.58 %
Crude Oil (Brent)$ 84.58 ↑ 0.51↑ 0.61 %
Gold Spot$ 1,833.01↑ 12.71↑ 0.70 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 110.5000
BDT 110.5000

*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