Corporate
Corporate
Income of 25 insurance companies decreased
Staff Correspondent: Out of 42 non-life insurance companies listed in the stock market, 41 companies have published unaudited financial reports in the third quarter (July-September’23). Out of this, 25 companies saw their income decline. Revenues of 14 companies increased and 2 companies remained unchanged during the same period. This information…
Read More »Dhaka Tobacco dodges over Tk 11,000 cr VAT
Saleh Ahmed Hussain: Tobacco is injurious to health. Still, the government does not ban tobacco considering the revenue. Day after day multinational companies are making billions of taka in profit. Despite earning huge profits, the country’s second largest cigarette manufacturing company, Dhaka Tobacco Industries, has evaded about Tk 11 thousand…
Read More »62,000 eggs came from India thru Benapole
First shipment Benapole Correspondent: 61 thousand 950 eggs were imported from India for the first time through Benapole of Jessore. The import price of which is shown as $2,988.40.A vehicle carrying a consignment of eggs from Petrapole port in India entered Benapole port on Sunday (November 5) evening. The representatives…
Read More »NBR fails to meet revenue collection targets in 3-month
Syed Nasir Hossain: The National Board of Revenue (NBR) is failing to meet revenue collection targets. NBR could not achieve the target of revenue collection in the first quarter or three months of the current (2023-24) financial year i.e. July-September. At this time, despite the growth of 14.34 percent, the…
Read More »LC settlement reduced further
Staff Correspondent: Many traders are unable to open letters of credit (LC) on demand due to the dollar crisis. They are also facing various problems while settling the LC. Due to this, imports are decreasing. In the first quarter of the current financial year, LC has settled products worth $1,650…
Read More »Consultancy fees Tk106cr for Wasa Research Institute
Farhad Chowdhury: Dhaka WASA wants to establish an international standard research center. But under the two packages for its development, only the consultancy cost proposed for Tk 106.10 crore has been asked, which is 13.37 percent of the total project cost. The Planning Commission has questioned this. In this sector,…
Read More »Less FDI inflow creates pressure on reserve
FDI decreased by 7.11 pc Mahfuz Emran: One of the sources of foreign exchange is foreign direct investment or FDI. The ongoing dollar crisis in the country could not give any good news in this sector. On the other hand, foreign direct investment (FDI) fell by more than 7 percent…
Read More »Rumors of ban and withdrawal of GSP
BGMEA president Saleh Ahmed Hussain: The crisis in the large economies of the Western world due to the impact of Covid and the war in Ukraine is not going away quickly. They are moving towards contractionary economic system besides increasing the interest rate of bank loans to curb inflation. This…
Read More »Reserves falling due to lack of market based dollar rate
Loan interest rate increased again Mahfuz Emran: The International Monetary Fund (IMF) has expressed extreme displeasure over the non-fulfillment of market-based dollar rate conditions. The agency sees it as unrealistic to fix different rates especially for remittances, exports and importers.Even the rate at which Bangladesh Bank sells dollars from reserves…
Read More »Life insurers have to ensure 2-type of reserves
New rules added by IDRA Zarif Mahmud: Some new rules are going to be added to ensure transparency in the insurance system. In the light of this, bonus, office expenses or other charges can’t be included in the fixed net premium of the insurance policy in future. Besides, Islamic life…
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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 …
