Month: October 2014

A two-day internet trade fair of the Chittagong Stock Exchange begins in Dhaka today in a bid to make internet-based stocks trading familiar with the capital market investors. The investors will get detail information and demonstration on how they can be able to trade by using devices like mobile phone, smartphone, tab, laptop and desktop

Dhaka stocks bounced back on Tuesday with increased turnover as investors opted to purchase shares in cheap considering last three trading sessions’ freefall amid support from some state-owned entities. The key index of the Dhaka Stock Exchange, DSEX, rose by 1.73 per cent, or 89.31 points, to increase at 5,233.82 points. Market operators said the ... Read more

Farm Loan Disbursement By Pvt Banks Farmers pay double the interest rate set by BB Many farmers who take agriculture loan from the private commercial banks are paying almost double the interest rate set by the Bangladesh Bank, the central bank officials alleged. BB data showed that private and foreign commercial banks had disbursed Tk ... Read more

EU commissioner urges Bangladesh govt European Union commissioner Laszlo Andor on Monday urged the Bangladesh government to formulate rules under the Labour Act to ensure effective implementation and enforcement of the amended labour law. The commissioner in a statement on a follow-up meeting of Bangladesh Sustainability Compact held in Brussels said after signing the agreement, ... Read more

Bangladesh Bank on Monday gave 10 more days to the three banks which failed to reduce the number of directors from a single family to two in their respective boards in accordance with the bank company act. The three banks are National Bank, Premier Bank and The City Bank. The BB on Monday issued separate ... Read more

Bangladesh Garment Manufacturers and Exporters Association has been lobbying the National Board of Revenue for extending the special income tax rate facility for readymade garment exporting industry for five more years. The revenue board withdrew the facility of reduced income tax rate at 10 per cent for the sector from the current fiscal year to ... Read more

Company share price hits roof after trading suspension withdrawal Shahjibazar Power Company inflated its net profit by Tk 11.68 crore in its financial statement for the July 2013-March 2014 period, finds a Bangladesh Securities and Exchange Commission special audit. Following the finding, the capital market regulator decided to take action against Shahjibazar for its failure ... Read more

Dhaka stocks declined for the third trading session on Monday in volatile trading as investors, panicked by the previous trading session’s freefall, continued selling shares. Investors also said that merchant banks and large-scale investors increased share sales with an intention to pull down the share prices to get shares cheap.

Appollo Ispat Complex Limited on Monday said it would set up a galvanising plant with non-oxidised furnace technology for producing CI sheets in environment-friendly manner. The NOF is a rapid heating furnace that eliminates hydrochloric acid and lead at the final stage of galvanising process making it environment friendly, said a company

NBR launches e-filing project Taxpayers will be able to file their income tax returns online from anywhere in the country without visiting tax offices from the next fiscal year under the e-filing programme of the National Board of Revenue. ‘Initially, the revenue board will launch a pilot project in June next year in big cities ... Read more