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

Important Business News Extracts Jun 26, 2019

Private importers free to sell LNG to other users

The private parties concerned will have the liberty to sell re-gasified LNG at the prices negotiated with their buyers under the maiden LNG import policy adopted by the government recently. Under the “LNG Import Policy for Private Sector 2019,” the private parties, local or foreign, will be able to import LNG (liquefied natural gas), re-gasify it and sell the re-gasified LNG to the consumers of their choice. The government will not interfere in fixing the selling prices of the re-gasified LNG imported by the private parties, the policy spells out. The private sector LNG importers would also be allowed to use the imported re-gasified LNG at their own power plants and industrial units and for other commercial purposes. They would also have the liberty to supply the re-gasified LNG to others’ power plants, industrial units and commercial entities.

Source: http://today.thefinancialexpress.com.bd/first-page/private-importers-free-to-sell-lng-to-other-users-1561485276

 Play proactive role in attracting FDI: Foreign Minister

Bangladesh missions abroad should act as catalysts to promote the economic growth through luring foreign direct investment and expanding trade, Foreign Minister Dr AK Abdul Momen said on Tuesday. While addressing a seminar titled “promoting trade and investment”, the minister also urged the officials of the country’s foreign missions to gear up economic diplomacy. The Foreign Ministry, Bangladesh Investment Development Authority and Bangladesh Export Processing Zones Authority jointly organised the seminar for their senior officials. Dr Momen said, “We have achieved 16 per cent growth in FDI. But to attain the desired growth to be a middle-income country, this is not enough. So, foreign missions should play a proactive role in attracting FDI.”

Source: http://today.thefinancialexpress.com.bd/last-page/play-proactive-role-in-attracting-fdi-1561486154

 MFS, courier service providers to be cautious about Money Laundering

Mobile financial service (MFS) providers and courier Companies have been asked to take steps to control money laundering and transactions of illegally earned money. They have been told to strictly follow the provisions relating to KYC (know your customer) so that criminals could be detected. To stop transportation of drugs, arms and ammunitions, and other illegal goods, the couriers have been asked to set up scanners at their offices for detection. The directives were given at a meeting at the secretariat on Tuesday with financial institutions division senior secretary Ashadul Islam in the chair. Attended by stakeholders and government officials concerned, the meeting also discussed preserving signatures of money senders, receivers and agents in ledger books, and giving receipt of each transaction.

Source: http://today.thefinancialexpress.com.bd/last-page/mfs-courier-service-providers-asked-to-act-1561486088

Workers to get paid digitally soon: BGMEA

Garment factory owners will introduce digital salary disbursement to ensure female workers get full ownership of their earnings and more transparency in payment, said Rubana Huq, President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA). Female workers do not always see their hard-earned money come to them; they are either extorted of the sum or their guardians, which mostly happens to be their husbands or brothers, gets hold of it. The digitised payment will start on a pilot basis ahead of Eid-ul-Azha, said Huq at a discussion styled “creating the business case of MFS based wage digitisation in the garment sector”, organised by International Finance Corporation (IFC).

Source: https://www.thedailystar.net/business/news/workers-get-paid-digitally-soon-bgmea-1762546

 Gold fair fetches Tk 175cr in Tax     

Jewellers paid about Tk 175 crore in tax to legalise their undeclared stock of gold at the three-day gold fair that wrapped up yesterday. The fair, which was the first of its kind, saw more than 1,200 jewellers and traders legalise their gold, diamond and silver upon payment of a certain amount of tax, according to Bangladesh Jewellers Samity (Bajus) General Secretary Dilip Kumar Agarwala. It was not possible to ascertain the volume of gold and other metals declared as the tax on gold, diamond and silver varies, he said at the press briefing after the closing ceremony. The National Board of Revenue (NBR) organised the three-day event at the InterContinental Hotel in Dhaka. Similar fairs were also held at the other divisional cities as part of the tax administration’s initiative to allow jewellers and traders to disclose the stock of precious metals to taxmen by June 30.

Source: https://www.thedailystar.net/business/news/gold-fair-fetches-tk-175cr-tax-1762543

E-CAB seeks VAT waiver for 5 years                                                   

E-Commerce Association of Bangladesh on Tuesday demanded that the National Board of Revenue should exempt e-commerce Businesses from value added tax for at least five years otherwise the growth potential of the sector would be hampered. The association raised the demand at a press briefing at a city hotel to protest against the newly slapped 7.5 per cent VAT on the e-commerce Business in the proposed budget for 2019-20 fiscal.

Source: http://www.newagebd.net/article/76544/e-cab-seeks-vat-waiver-for-5-years

 Esquire ICL Apparel Fund approved

The Bangladesh Securities and Exchange Commission has approved an open-ended mutual fund named Esquire ICL Apparel Fund.  The primary target of the fund is Tk 25 crore. The sponsor of the fund, Esquire Knit Composite, will provide Tk 10 crore and the rest will be available for general investors.

Source: https://www.thedailystar.net/business/news/news-brief-1762525

3 Bangladeshis arrested in Kolkata on terror charge

Kolkata police yesterday arrested four people, including three Bangladeshis, from Sealdah Railway Station area for their alleged involvement in militant activities. The Bangladeshis are Ziaur Rahman alias Mohsin alias Jahir Abbas from Chapainawabganj, Mamunur Rahasid from Rangpur and Shahin Alam from Rajshahi. The other arrestee is Rabiul Islam from Mitrapur area of Burdwan in West Bengal.

Source: https://www.thedailystar.net/backpage/news/3-bangladeshis-arrested-kolkata-terror-charge-1762420

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
Nikkei 225 21,092.00↓101.81↓0.48%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 58.84↑1.01↑1.75%
Crude Oil (Brent)$ 65.76↑0.71↑1.09%
Gold Spot $1,411.52 ↓11.92↓0.84%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 82.9032
GBP 1BDT 105.5080
EUR 1BDT 94.3906
INR 1BDT 1.1938





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