The National Board of Revenue may consider the Tk 115.06 crore as tax-free allowable expense for merchant banks and brokerage houses that they would waive to the small investors from interest on loans, officials concerned said. They said that in a letter in last week the finance ministry
brokerage house
Banking Division offers recipe for stockmarket
The Banking Division of the finance ministry has recommended 11 steps to the government as measures to curb stockmarket manipulation. The recommendations were based on a review of a report submitted by a stockmarket probe committee. According to the Banking Division, a law should be in place to regulate the issue of preference
SEC orders no expansion of brokerage business
The Securities and Exchange Commission has suspended all kind of activities of expanding business including opening new branches by brokerage houses until further order. The stock market regulatory body issued an order in this connection on Tuesday, an official of a brokerage house said on Thursday
All ends in the blink of an eye
Every one was waiting for the trading to begin. The trading was slated to start at 1:00pm instead of the usual 11:00am. The bourse authorities curtailed the trading time by two hours fearing that more trading would mean a greater fall. Investors at a brokerage house at Motijheel were watching the DSE president’s press