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

Click to Close

Rate last updated: 02/01/2014 11:15:04 AM

Important Business News Extracts March 08, 2020

BD’s economic growth to continue at 8.0pc this FY

Japanese Ambassador in Dhaka Naoki Ito on Saturday expressed the hope that Bangladesh’s economic growth will continue at 8.0 per cent this fiscal year (FY) despite negative impact of the coronavirus outbreak. Despite negative impact of the coronavirus, Bangladesh economy will continue to grow at 8.0 per cent. all investment and cooperation made by Japan under the comprehensive partnership signed between the two Prime Ministers of Japan and Bangladesh, and said the country’s growth is likely to accelerate further after completion of many of the Japan-funded infrastructure projects by 2024 and 2025. Despite the increase of virus-affected patients from 156 in February to 284 in March, the Ambassador said it is only 0.02 per cent of the total population. The Japan government is preparing to host the Tokyo Olymic to be held in July 24 as IOC international committee already issued the statement to continue preparation for the event. Japanese investment flow increased to 160 per cent in the fiscal year 2018-2019 compared to the previous fiscal year. There is still a huge room for improvement in ease of doing business and business climate, and urged the government of Bangladesh to take policies addressing key elements for the Japanese companies.

Source: https://today.thefinancialexpress.com.bd/trade-market/bds-economic-growth-to-continue-at-80pc-this-fy-1583596293

Interest rate caps poised to shrink NBR’s collections

The state coffer’s receipts from the banking sector, which accounts for about one-third of the National Board of Revenue’s Large Taxpayers Unit’s collections, are likely fall in the wake of interest rate caps on loans and deposits, said taxmen and bankers. Banks accounted for 35 per cent of tax collection of Large Taxpayers Unit, the main tax collector for income tax under the NBR, in the first half of the current fiscal year. One of the reasons banks’ profits will shrink is because of inclusion of consumer loans to the 9 per cent interest rate bracket. If the interest rates on consumer loan are reduced to 9 per cent, no bank will be able to manage. This is why bank’s income will drop and so will their profits. Its total collection was nearly one-fourth the total income tax of Tk 73,000 crore collected by the NBR in fiscal 2018-19. The LTU logged in Tk 17,420 crore last fiscal year and the amount of collection from the banking sector was 38 per cent of its total receipts. Between July last year and February this year, the LTU collected Tk 10,200 crore and the contribution of banking sector continued to remain more than one-third of its total tax receipts. The NBR collected Tk 6,577 crore tax on interest income of saving and fixed deposits last fiscal year, up 9 per cent year-on-year, according to data from the field office. The tax authority collects 10 per cent tax on interest earnings of depositors with Taxpayers Identification Numbers (TINs) and 15 per cent from those who do not have TINs.

Source: https://www.thedailystar.net/business/news/interest-rate-caps-poised-shrink-nbrs-collections-1877947

“Sobar Jonno Bari” under its home loan product of Dhaka Bank Limited

Emranul Huq, Managing Director & CEO of Dhaka Bank Limited and other senior executives represents the inauguration as the bank announced an offer ‘Sobar Jonno Bari’ under its home loan product recently. This offer is valid for the ‘Mujib Borsho’.

Source: https://today.thefinancialexpress.com.bd/trade-market/emranul-huq-3rd-from-r-managing-director-ceo-of-dhaka-bank-limitedposing-with-other-1583596396

StanChart celebrates success stories of women

Standard Chartered Bangladesh recently organised a read-aloud for its employees and their children in a bid to celebrate the incredible stories of some Bangladeshi women who left their marks in their respective fields. During the story-telling event, HerStory Foundation fellows spelled out the contributions of Khana, a Bengali poet and astrologer of olden times, and Rokia Afzal Rahman, a modern-day woman entrepreneur. Khana authored rhymes on agricultural practices which are still popular in rural Bangladesh, while Rokia is a trailblazer for women empowerment, a former adviser of the caretaker government and the founding president of the Bangladesh Federation of Women Entrepreneurs. The story-telling session was followed by a panel discussion led by Bitopi Das Chowdhury, the country head of corporate affairs, brand and marketing of the bank.

Source: https://www.thedailystar.net/business/news/stanchart-celebrates-success-stories-women-1877944

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DSEX4,384.48319↓ 25.14↓ 0.57 %
↓ 256.50↓ 0.98 %
FTSE1006,462.55↓ 242.88 ↓ 3.62 %
Nikkei 22520,749.75↓ 579.37↓ 2.72 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 41.28↓ 4.62↓ 10.07 %
Crude Oil (Brent)$ 45.27 ↓ 4.72 ↓ 9.44 %
Gold Spot$ 1,673.83 ↑ 1.60 ↑ 0.10 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.2758
GBP 1BDT 108.627
EUR 1BDT 93.9334
INR 1BDT 1.11862





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