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 September 05, 2022

Tax receipts from DSE jump 128pc in August

The government’s revenue earnings from Dhaka Stock Exchange (DSE) jumped 128 per cent month on month in August on the back of rising trading volume. Market operators said the revenue earnings from the prime bourse increased in step with growing turnover, as earnings are related to turnover. The government bagged revenue worth Tk 329 million in August 2022, up by a whopping 128 per cent, from Tk 144 million in July 2022, according to the DSE data. Of the total earnings in August, Tk 262 million came from the tax on the TREC (trading right entitlement certificate) holders’ commission, popularly known as brokerage commission, while Tk 67 million came from the tax on share sales by sponsor-directors and placement holders, the DSE statistics show. The government collected revenue worth Tk 473 million in the first two months of this fiscal year — July and August — which was Tk 791 million in the same month of the previous fiscal year. The daily turnover, an important gauge, jumped to Tk 12.75 billion on average in August 2022. The average daily turnover was Tk 6.46 billion in July 2022, according to the DSE data. DSEX, the prime index of the DSE, also rose 323 points or 5.27 per cent in August to close the month at 6,457. Meanwhile, the government’s revenue earnings from the DSE hit an 11-year high to Tk 2.91 billion in the outgoing Fiscal Year (FY) 2021-2022.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/tax-receipts-from-dse-jump-128pc-in-august-1662311372

KEPZ to get $6m investment in RMG, bag manufacturing industry

HZ Outdoor International Company Limited is going to set up a Garments and Bag manufacturing industry in Karnaphuli Export Processing Zone (KEPZ) with an investment of $6.03 million, reports BSS. An agreement to this effect was signed between Bangladesh Export Processing Zones Authority (BEPZA) and HZ Outdoor International Company Limited at BEPZA Complex in the city on Sunday. Member (Investment Promotion) of BEPZA Ali Reza Mazid and General Manager of Ms HZ Outdoor Roberto Haryono Go signed the agreement on behalf of their respective organisations. Fully foreign owned, this China-Taiwanese company will produce annually 3.08 million pcs of jackets, bags, shirt, pants, shorts, trousers, cap or hat, skirt, vest and shocks. A total of 2202 Bangladeshi nationals will get employment opportunity in this factory.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/kepz-to-get-6m-investment-in-rmg-bag-manufacturing-industry-1662311493

July trade deficit nearly $2b despite lower imports

The trade deficit in July – the first month of the current fiscal year – stood at $1.98 billion, despite lower imports owing to various conditions imposed by the central bank to keep the country’s foreign exchange reserves stable. The deficit is $628 million or a 46.41% increase from $1.35 billion in the same month of the last fiscal year.

Source: https://www.tbsnews.net/economy/july-trade-deficit-nearly-2b-despite-lower-imports-490186

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 31,318.44
↓ 337.98↓ 1.07%
FTSE100$7,281.19 ↑ 132.69↑ 1.86%
Nikkei 225$ 27,610.75↓ 40.09 ↓ 0.14 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 88.17↑ 1.30↑ 1.50 %
Crude Oil (Brent)$ 94.47↑ 1.45↑ 1.56 %
Gold Spot$ 1,711.00↓ 1.19↓ 0.07 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 95.0000
GBP 1BDT 109.3545
EUR 1BDT 94.5725

*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