Corporate

Market faces huge volatility Staff Correspondent : The Dhaka and Chittagong Stock Exchanges (DSE and CSE) on Sunday downgraded the shares of 22 listed companies from the previous ‘A’ or ‘B’ category to the ‘Z’ category. Due to this, at the beginning of trading at 10 am, the price of…

Zarif Mahmud: No direct or indirect tax shall be levied on the interest or profit earned by banks through offshore banking business. Besides, there will be no tax or duty on the income earned by the depositors. The government is going to enact the ‘Offshore Banking Act’ for the first…

For electricity subsidy Zarif Mahmud : The Finance Department has signed a memorandum of understanding with 24 banks regarding the issue of bonds for payment of power sector subsidies. The agreement was signed between 24 banks, creditor power generation companies and the power department at Vidyut Bhaban on February 7.…

Staff Correspondent : In 2023, more than 11,000 complaints were made by customers against the country’s mobile phone operator companies. These complaints have been submitted to the Bangladesh Telecommunication Regulatory Commission (BTRC). The regulator said that 76 per cent of complaints have been resolved within a year. However, the assessment…

Nasiruddin Ahmed : The government is facing a cash crisis amid the severe dollar crisis due to the global and domestic economic recession.Due to the increase in the prices of all kinds of products in the international and domestic markets, the expenditure of the government has increased. In contrast, incomes…

Staff Correspondent : According to Air Quality Index (IQIR), an air quality monitoring organization, Dhaka’s air is unhealthy most of the year. During the winter season that becomes ‘very unhealthy’. The sky of Dhaka is covered with gray dust. Dhaka also tops the world list of air pollution. It is…

China-Russia set tough terms Zarif Mahmud : The foreign debt of the government has been increasing rapidly for several years. Among these are China, Russia’s tough terms and high interest loans. Due to these loans, the average interest rate of the government’s foreign debt repayment is increasing. Interest rates on…

Effect of increase in defaulted loans to bank In 2020, defaulted loans in the banking sector were Tk 88,730 crores. It increased to Tk 1 lakh 56 thousand crores in June. In two and a half years, defaulted loans have increased by Tk 67,270 crore or 76 pc Zarif Mahmud…

Farhad Chowdhury : Bangladesh’s economic growth was above 6 percent for more than a decade. At one point it crossed 7 percent and touched 8 percent. But the statistics of Bangladesh Bureau of Statistics (BBS) says that the country’s economy suffered a major shock after Covid. In that financial year…

Syed Nasir Hossain : Even though Ramadan, the month of moderation, is one and a half months away, the black shadow of unscrupulous businessmen has started falling in the market. The old cycle of cutting the pockets of the buyer is moving again. Chickpeas, edible oil, sugar, anchor dal, dates…