Corporate
Corporate
Exports-remittances decreased, increasing pressure on dollar
Mahfuz Emran: Export earnings and remittance flows, the two main sectors of foreign exchange earnings in the country, declined in April.Export earnings fell by 16.5 percent and remittances by nearly 17 percent. Reducing the income in these two sectors will increase the pressure on the foreign exchange management. At the…
Read More »Depositors withdrew Tk 18000 cr from Islami Bank in a year
Mahfuz Emran: In 2022, depositors have withdrawn Tk 17,783 crore from the private sector Islami Bank Bangladesh Limited. As a result, the deposit amount of the bank has decreased in the last year. The bank disbursed Tk 11,430 crores of loans at the same time despite the decrease in deposits.…
Read More »Laundered money not coming back even after tax exemption
Mahfuja Mukul: Tax exemptions in the current budget to bring back money laundered abroad have not yielded any results. In the 9 months (July-March) till last March, not a single person took that chance and not a single rupee returned home.In this situation, the National Board of Revenue (NBR) is…
Read More »Another name for corruption is Rajuk
Staff Correspondent: Rajdhani Unnayan Kartipaksha (RAJUK) and corruption have become synonymous. Rajuk has transformed into a profit-making and profitable organization, not a people-friendly one. It is rare for a common citizen to get services without bribery. For example, a bribe of Tk 50 thousand to Tk 2 crore has to…
Read More »United Air has to pay Tk 350 cr
If wants to fly again Mahfuja Mukul: Capital market listed United Airlines Limited wants to fly again. The airline’s operations have been suspended for nearly seven years due to management irregularities. That is why eight United Air planes have been stuck at Hazrat Shahjalal International Airport for a long time.…
Read More »Eid brings in record Tk 130.5 b remittance
Staff Correspondent: Expatriate Bangladeshis remitted 958.7 million US dollars through legal or banking channels on the occasion of Eid-ul-Fitr. In the local currency, which has an exchange rate of 107 taka per dollar, this equates to a sum of Tk 13,600 crores.In the first 21 days of April, remittances received…
Read More »Padma Bridge collects Tk 2.5 cr toll in 24-hrs
Staff Correspondent: 2 crore 55 lakhs 4 thousand 300 taka toll has been collected at Padma Bridge in 24 hours, this toll is collected from 12:00 PM on Sunday to 11:59 PM on Monday.Yesterday morning, the Additional Director of Padma Setu Amirul Haider Chowdhury confirmed the matter in the media…
Read More »Bank shares neglected even good dividends
Mahfuz Emran: At one time, the banking sector was considered as the lifeblood of the country’s stock market. Most of the transactions were held by the bank. However, the financial condition of many banks deteriorated due to various irregularities. At the same time, most of the listed banks become dependent…
Read More »Controlling inflation to be main challenge in next budget
Bunch of proposals given by ministries Mahfuja Mukul: Various ministries and government departments have asked to take necessary steps to stabilize inflation and currency exchange rates in the next budget to deal with the global economic crisis.It has also warned about excessive spending on subsidies. Besides, emphasis is said to…
Read More »Salt production increasing dramatically
Target 2.3 m metrictons in Cox’s Bazar HM Faridul Alam Shaheen, Cox’s Bazar: In intense heat, the whole country is fertile. But the exception is only in the production of salt. As the intensity of heat increases, the production of salt increases. Salt farmers are accustomed to producing salt in…
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