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 20, 2021

Sonali Paper recommends 40 per cent dividend

Sonali Paper & Board Mills has recommended 20 per cent cash and 20 per cent stock dividend for the year ended on June 30, 2021. In a disclosure, the company said its dividends are recommended out of the distributable profit for that period.One rights share will be issued against two existing shares at Tk. 10.00 each after considering 20 per cent stock dividend for the year ended on June 30, 2021 subject to the approval of the shareholders along with complying with relevant rules and regulations.The company has also reported EPS of Tk. 4.89, NAV per share of Tk. 284.33 and NOCFPS of Tk. 13.53 for the year ended on June 30, 2021 as against Tk. 1.46, Tk. 307.88 and Tk. 13.31 respectively for the same period of the previous year.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/sonali-paper-recommends-40-per-cent-dividend-1632071045

 Union Bank gets BSEC approval to go public

The Bangladesh Securities and Exchange Commission (BSEC) has approved the proposal of Union Bank Limited for issuance of IPO of BDT 4.28 billion under fixed price method, said a statement. It is the largest IPO in terms of size among the banks and the 4th highest in the capital market of Bangladesh. The Prime Bank Investment Limited (PBIL) is the manager to the issue of this IPO.PBIL is also the lead arranger of Al-Arafah Islami Bank Mudaraba perpetual bond of BDT 5.0 billion where BDT 4.50 billion will be raised under Private Placement and the rest BDT 500 million will be under public offer.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/union-bank-gets-bsec-approval-to-go-public-1632071060

Walton marks World Ozone Day

The Department of Environment (DoE) and Walton Hi-Tech Industries Limited jointly organised the seminar marking the ‘World Ozone Day-2021’ at Walton corporate office in the capital. The World Ozone Day is celebrated internationally on September 16 every year to raise awareness about depletion of ozone layer and the global warming. This year’s theme for the day was ‘Montreal Protocol — keeping us, our food, and vaccines cool.”The Montreal Protocol on Substances that Deplete the Ozone Layer was signed in 1987. Bangladesh is one of the signatories to the protocol. Under the protocol, the country is working towards controlling the use of about 100 ozone-depleting substances.

Source: https://today.thefinancialexpress.com.bd/trade-market/walton-marks-world-ozone-day-1632070480

VAT registration suspension looms on 1,400 Chattogram businesses

At least 1,400 business entities under the Chattala Division of the Chattogram Customs, Excise and VAT Commissionerate are going to face suspension of their VAT registration because of not filing returns despite receiving repeated notices from the authorities.The VAT registration or BIN (Business Identification Number) of the companies that do not file their returns within the next one month will be locked or suspended temporarily, he also said, pointing out that if VAT returns are submitted, there will be a scope to reopen their BIN numbers.The number of VAT-registered businesses under the Chattala division is 5,600. As of July, 75% of them filed VAT returns but about 1,400 companies did not. Till August 2021, the number of VAT registered businesses in the eight VAT commissionerate divisions was 31,649 and 75% of them filed VAT returns until July, according to the Chattogram VAT Commissionerate.A VAT return has to be filed every month. If a business does not submit the return of a previous month by the 15th of the current month, they are fined Tk10,000 per month. Online VAT returns have been made mandatory since the new VAT Act came into force in July 2019, according to the VAT Act.

Source: https://www.tbsnews.net/economy/vat-registration-suspension-looms-1400-ctg-businesses-304912

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 34,584.88
FTSE100$ 6,963.64↓63.84↓0.91%
Nikkei 225$ 30,500.05↑176.71↑0.58%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 71.35↓0.62↓0.86%
Crude Oil (Brent)$ 74.77↓0.57↓0.76%
Gold Spot$ 1,749.87↓ 4.47↓0.25%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 85.2500
GBP 1BDT 117.1847
EUR 1BDT 99.9897





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