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 November 17, 2019

BD, WB Group to collaborate in Business Reforms

Bangladesh and the World Bank Group have agreed to extend collaboration in a number of areas, including on doing business reforms, development of investment policies, enhancement of promotional activities and skills development to face the 4th industrial revolution. Both the sides also agreed to develop institutional capacity of Bangladesh Investment Development Authority [BIDA], introduction of risk-based management and implementation of one-stop service. The decisions came during the visit of Prime Minister’s Private Industry and Investment Adviser Salman F Rahman to Washington from November 12 to 16. During the meetings, he explained in details different aspects of the progress made so far by Bangladesh under the dynamic leadership of Prime Minister Sheikh Hasina. He also urged the WB to support Bangladesh in this journey.

Source: https://today.thefinancialexpress.com.bd/trade-market/bd-wb-group-to-collaborate-in-doing-business-reforms-1573916527

Tax Fair logs Tk 1,064cr in first three days

The National Board of Revenue [NBR] logged Tk 1,064 crore in collections in the first three days of its weeklong tax fair as an increasing number of taxpayers turned up to complete tax related formalities. The amount was around 5 percent higher than the Tk 1,014 crore of the same period a year ago, according to an NBR statement. Similarly, income tax return submissions surged 20 percent to 2.21 lakh. Attendee figures were also higher this year. The fair is in its 10th edition in providing assistance to individual taxpayers for completing tax-related formalities and creating a tax culture in the country where evasion and avoidance are said to be very high. Apart from all the divisional cities, 56 district towns and 56 upazilas are witnessing the fair. In Dhaka and Chattogram, the event is ongoing at Officer’s Club and at GEC Convention Centre respectively from 9:00am to 5:00pm. .

Source: https://www.thedailystar.net/business/news/tax-fair-logs-tk-1064cr-first-three-days-1828105

Alibaba confirms huge Hong Kong Public Listing

Chinese technology giant Alibaba on Friday confirmed plans to list in Hong Kong in what it called a $13 billion vote of confidence in the turbulent city’s markets and a step forward in its plans to go global. The enormous IPO, which Hong Kong had lobbied for, will come as a boost for authorities wrestling with pro-democracy protests that have tarnished the financial hub’s image for order and security and hammered its stock market. Alibaba will offer 500 million shares at a maximum of HK$188 apiece to retail investors, the company said. The number eight is considered auspicious in China. Over-allocation options could take the total value to more than $13 billion, making it one of the biggest IPOs in Hong Kong for a decade after insurance giant AIA raised $20.5 billion in 2010. The listing comes after the city’s exchange tweaked the rules to allow double listings, while Chief Executive Carrie Lam had also been pushing Alibaba’s billionaire founder Jack Ma to sell shares in the city. Hong Kong’s key Hang Seng Index rose 0.48 percent in morning trading following the announcement Chinese shoppers set new records for spending on Monday’s annual 24-hour “Singles’ Day” buying spree, despite an economic slowdown in the country and the worries over the US trade war.

Source: https://www.thedailystar.net/business/news/alibaba-confirms-huge-hong-kong-public-listing-worth-least-13b-1828048

ACS Textiles MD gets Tax Card

Masood Dawood Akbani, Managing Director [MD] of ACS Textiles [BD] Ltd, has been awarded Tax Card and crest by the National Board of Revenue [NBR] for paying the highest amount of income tax in textile category in last fiscal year [2018-2019]. Finance Minister A H M Mustafa Kamal handed over the Tax Cards and crests to the taxpayers for paying the highest amount of income tax in different categories in last fiscal year at a program at a city hotel on Thursday. Of the national-level highest taxpayers, 76 were under individual categories and 67 under company categories. The highest Tax Card holders are entitled to enjoy for one year a number of privileges including priority while reserving seats in public transports, public hospitals, and access to VIP lounges at the airports and invitation to various national functions.

Source: https://today.thefinancialexpress.com.bd/trade-market/acs-textiles-md-gets-tax-card-1573916511

CSE holds 24th

AGM The 24th Annual General Meeting [AGM] of Chittagong Stock Exchange Limited was held recently at CSE Conference Hall, Agrabad, Chattogram. Major General [Retd.] Mohammad Shamim Chowdhury, Chairman of CSE presided over the AGM. CSE directors Prof. Mamtaz Uddin Ahmed FCMA, Dr. Mohammad Ayub Islam, Dr. Moinul Islam Mahmud, Prof. S. M. Salamat Ullah Bhuiyan, S.M. Abu Tayyab, Mirza Salman Ispahani, Major [Retd.] Emdadul Islam, Shahjada Mahmud Chaudhuri, Md. Sayadur Rahman and Acting Managing Director Md. Gulam Faruque, and Company Secretary Rajib Saha FCS, were present in the AGM. The shareholders of the bourse approved 5.0 per cent dividend for the year 2018-2019. The shareholders also re-elected Mr. Major [Retd.] Emdadul Islam, Director of B K Capital Management Limited as Director of the Board of CSE.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/cse-holds-24th-agm-1573918150

New MD joins RAKUB

A.K.M Sajedur Rahman Khan on promotion joined as the Managing Director of Rajshahi Krishi Unnayan Bank [RAKUB] recently. Prior to this appointment, he was DMD of Sonali Bank Limited. A.K.M Sajedur Rahman Khan completed his B.Sc. [Hons.] and M.Sc. in Economics from Jahangirnagar University.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/new-md-joins-rakub-1573917982

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DSEX4,710.36618↓ 26.8039↓ 0.57
↑ 222.93↑ 0.80%
FTSE1007,302.94↑ 10.18↑ 0.14%
Nikkei 22523,303.32↑161.77 ↑ 0.70%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 57.72 ↑ 0.95↑ 1.67%
Crude Oil (Brent) $ 63.30↑ 1.02 ↑ 1.64%
Gold Spot$ 1,468.20↓ 3.20↓ 0.22%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.1568
GBP 1BDT 107.259
EUR 1BDT 91.8707
INR 1BDT 1.16094





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