Corporate
Corporate
Businessmen are not interested in trade on rupee with India
Rabiul Haque: In the bilateral trade of Bangladesh with India, there are two sides of profit and loss of transaction in Indian currency Rupee. Businessmen of the two countries can open import-export LCs in rupees instead of dollars. But the businessmen of Bangladesh are not interested in this as the…
Read More »Legacy footwear share price increased by Tk 100 in 5 months
Suspect manipulation as company is in loss Zarif Mahmud: Share price of Legacy Footware, a listed company of tannery sector in the country’s capital market, have been rising abnormally despite the continuous business declines and losses and investors not getting the expected dividends year after year. Although the company’s business…
Read More »Uncommon leapfrogs of weak companies
Mahfuz Emran: Fu-Wang Food has never paid a dividend of more than 2 percent in the last four years. The shares were stuck at the floor price (minimum price) day after day as there were no buyers. That company’s share price has soared recently. The share price almost doubled in…
Read More »Rising RMG exports to new markets
A real boon to economy Staff Correspondent: Rising apparel shipments to non-traditional markets offer a new ray of hope for the country’s export sector amid the global economic crisis.Despite falling global demand and an energy crisis, Bangladesh witnessed a 10 percent growth in RMG exports in FY23, with increased exports…
Read More »Revenue deficit stood Tk34,158 cr
Fiscal Year 2022-23 Mahfuz Emran: The ongoing global economic crisis continues to have a negative impact on revenue collection. The National Board of Revenue has a target of Tk 370 thousand crore in the fiscal year 2022-23. However, in the financial year (July-May), the revenue deficit is Tk 34,158 crores.…
Read More »Tk 7.61 trillion budget passed for FY 2023-24
Staff Correspondent: The budget of Tk 761,785 crore (Tk 7.61 trillion) for the financial year 2023-24 has been passed by the National Parliament. Finance Minister AHM Mustafa Kamal proposed this budget in the National Parliament on June 1 with the theme of ‘Smart Bangladesh’s progress beyond a decade and a…
Read More »Money laundering still increasing in Bangladesh
Tk 92,000 cr smuggled every year Zarif Mahmud: According to the GFI report released in December last year, $4,965 million have been smuggled out of Bangladesh in 6 years. Which is Tk 556,000 crores in local currency as Tk 112 per dollar. An average of Tk 92,000 thousand crore is…
Read More »AIIB to provide $ 400m as budget support to Bangladesh; deal signed
Diplomatic Correspondent: The government yesterday signed a $400 million budget support loan agreement with the Asian Infrastructure Investment Bank (AIIB) to implement the second subprogram of the Sustainable Economic Recovery Programme.The Sustainable Economic Recovery Programme (subprogramme-2) launched in October 2021 to support economic recovery after the COVID-19 pandemic, also aims…
Read More »Insurance for buildingsto be mandatory
Mahfuja Mukul: There are frequent incidents of serious fire in buildings happening in the country. The buildingsare also collapsing. The building owners are facing huge damages. Apart from this, even though there is not much damage to buildings in the earthquake, the country is at risk of a major earthquake,…
Read More »Allocation reduced at end of financial year
19 projects of LGED Tk 580 cr couldn’t be spent Mahfuja Mukul: At the very end of the fiscal year, the allocation of 19 ongoing projects of the Local Government Engineering Department (LGED) is being cut.Tk 580.79 crore is being deducted from these projects due to not being able to…
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Hotels to be converted for Covid hospitals
Hospitals overwhelmed Staff Correspondent: The government is going to rent hotels for providing treatment …
