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 21, 2019

Tax Fair brings NBR Tk 2,613cr

The weeklong tax fair ended yesterday amid huge participation of taxpayers, enabling the National Board of Revenue (NBR) to log in a record Tk 2,613 crore in taxes. The receipt was 6 percent higher than a year earlier, said the NBR in a press release. Taxpayers from different professions filed 6.55 lakh returns at the fair, up 34 percent from the previous year. The NBR said 18.63 lakh people received tax related assistance from taxmen from the show that started in all divisional cities on November 14. At the fair, 32,961 taxpayers signed up for Taxpayer Identification Number (TIN). Yesterday, 21 banks, financial institutions and insurance companies under the Large Taxpayers’ Unit (LTU) handed over pay orders of Tk 293 crore to NBR Chairman Md Mosharraf Hossain Bhuiyan at the fair in Dhaka. The NBR expects that the total tally of tax return submission will increase to nearly 30 lakh at the end of the current fiscal year, from nearly 22 lakh the previous year, which is just 1.33 percent of the population.

Source: https://www.thedailystar.net/business/news/tax-fair-brings-nbr-tk-2613cr-1829959

Investors eye Sector-specific Stocks

The Dhaka bourse closed the Wednesday’s session with a moderate loss in broad index following selling pressure observed in major sectors. The market opened the day’s session with a positive note but after a while the broad index started to decline and continued the trend till mid-session. Later, the DSE broad index DSEX displayed volatility and showed a little effort to overcome the initial loss. Finally, the DSEX closed at 4691.93 with a loss of 0.64 per cent or 30.43 points. On Wednesday, the shariah based index DSES declined 1.0 per cent or 10.94 points to close at 1075.44. The DS30 index comprising blue chip securities settled at 1645.30 with a loss of 0.95 per cent or 15.91 points. Of 340 issues traded, 132 advanced, 161 declined and 47 were unchanged on the premier bourse. Of the large cap companies having influence on index, the share price of Grameenphone rose 0.62 per cent or Tk 2.0 to close at Tk 323.10 each. The turnover stood at above Tk 4.06 billion which was 6.69 per cent higher than the transaction of the previous session. On the Chittagong Stock Exchange (CSE), the benchmark index CASPI declined 0.49 per cent or 71.37 points to close at 14263.01 points.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/investors-eye-sector-specific-stocks-1574268271

BD top four in Digital Economy Growth

Bangladesh has been ranked in top four list in Huawei Global Connectivity Index 2019 report for improvement & remarkable growth in digital economy in last four years. Other three countries are Ukraine, South Africa & Algeria. This list has been made by evaluating the progress in the digital economy of the world. GCI 2019 report says, as a starter nation, less than 5 years Bangladesh boosted its GCI score by seven points. Since 2015, mobile subscription penetration jumped from 5.0 per cent to 41 per cent and smartphone penetration from 7.0 per cent to 34 per cent. In addition to mobile subscription, the country’s fiber to home (FTTH) coverage & fixed broadband base also made significant progress. It is not just developed economies that can benefit from Intelligent Connectivity. GCI 2019 finds that nations at every level of digital development can access the “upside potential of AI” as a GDP booster when it is deployed by industries and organizations. Even for Frontrunners like Japan and the US that have leading ICT infrastructure, the potential of AI has only just begun to be tapped. Adopters and Starters like China, Malaysia, India, the Philippines, and Spain aren’t spinning their wheels, either. They’re rolling out AI technologies as fast as they can. As AI-infused Intelligent Connectivity begins to have a meaningful impact on the digital economy and sparks a tipping point for digital transformation, a key finding of Huawei’s GCI 2019 is that countries with GCI scores over 65 that have made continuous investment in Intelligent Connectivity can expect it to boost GDP by more than 1%. At the same time, success in the era of intelligence depends on the ability to collaborate on a global scale. Now in its sixth year, GCI 2019 highlights AI’s role as one of four key enablers that drive “Intelligent Connectivity”, alongside Broadband, Cloud, and IoT. All four have the potential to be significant catalysts for economic growth. The GCI is designed to provide actionable insights for how policy makers and economic stakeholders can foster greater success in the digital economy. The 79 countries assessed by GCI 2019 account for 95 percent of global GDP and 84 percent of the world’s population. Whatever a country’s level of digital development, policymakers need to look objectively at the strengths of their national economy and determine how they can fit into and profit from the Intelligent Connectivity ecosystem.

Source: https://today.thefinancialexpress.com.bd/trade-market/bd-top-four-in-digital-economy-growth-1574271277

Al-Arafah recognises Employees

Al-Arafah Islami Bank Limited has awarded 5 employees for complying with National Intergrity Strategy for 2018, said a statement. Chairman of the Bank Alhajj Abdus Samad Labu was present as Chief Guest on Tuesday and handed over recognition certificates and reward to the Winners. Md. Amir Uddin, PPM Director of the Bank, was present on the occasion. Managing Director and CEO Farman R Chowdhury presided over the ceremony.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/al-arafah-recognises-employees-1574268511

ICT Sector set to fetch $5.0b in Export Earnings by 2025

The country’s computer and information communication technology (ICT) sector is poised to fetch US$ 5.0 billion in export earnings by the year 2025 buoyed by competitiveness and growing number of ICT-skilled youth, industry insiders said. Experts said that the recent move to remove complications over the disbursement of the cash incentive for the ICT and computer sector will also boost the exports. In the last fiscal, the export touched $ 1.0 billion-mark, showing a 66 per cent growth over the last two years. The $ 1.0 billion industry, comprising ICT and IT enabled services, has seen higher compound annual growth than India and Vietnam in the last couple of years. Industry people said that the non-resident Bangladeshi entrepreneurs and the start-ups would be encouraged to invest in Bangladesh targeting the global ICT market to get the benefit of the 10 per cent export subsidy. 

Source: https://today.thefinancialexpress.com.bd/trade-market/ict-sector-set-to-fetch-50b-in-export-earnings-by-2025-1574271225

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DSEX4,691.93542↓30.43914↓ 0.64
↓ 112.93↓ 0.40%
FTSE1007,262.49↓ 61.31↓ 0.84%
Nikkei 22522,962.51↓186.06 ↓ 0.80%

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 57.11 ↑ 1.90↑ 3.44%
Crude Oil (Brent)$ 62.22↓ 0.18↓ 0.29%
Gold Spot$ 1,470.78↓ 0.83↓ 0.06%

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 83.1016
GBP 1BDT 107.534
EUR 1BDT 92.0331
INR 1BDT 1.15804





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