Tuesday, 26 Nov, 2024

Business

Incentives for share market, Tax-free ceiling to rise

DHAKA: With a view to incentivizing the small investors and strengthening the capital market, Finance Minsiter AHM Mustafa Kamal proposed to enhance tax exemption limit up to Tk. 50,000 from existing Tk 25,000. The minister has placed the FY20 national budget on Thursday (June 13)

Edible oil price may rise

DHAKA: Consumers may have to count increased price for edible oils as local and import taxes were proposed on soyabean, palm, sunflower and mastered oils in the national budget for fiscal year 2019-20. The Tk 5,23,190 crore budget was placed at the Jatiya Sangsad around 3pm Thursday

3-day Gold tax fair kicks off June 23

DHAKA: A three-day gold tax fair will kick off in Dhaka on June 13, said Dilip Kumar Agarwala, general secretary of Bangladesh Jewellers Samity. He said this while addressing a discussion meeting at Bailey Road officer’s club in the city on Wednesday (June 12) night. Dilip Kumar

Market showing mixed

DHAKA: Both the bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed mixed trends in the early hours of trading on Thursday (June 13).   DSEX, the prime index of Dhaka Stock Exchange (DSE), went down by 6.22 points or -0.11 percent to stand at 5,463.40

Stocks returned to losing streak after 3-day gain

DHAKA: Stocks returned to the losing streak on Wednesday (June 12), snapping a three-day gaining as profit booking tendency has been displayed by the investors. Market analysts said the market started positive but did not sustain as shaky investors mostly followed cautious stance

Govt to export 1000 manpower from every upazila

NATORE: The government will send 1.28 crore manpower abroad in the next five years. For this, one thousand skilled workers will be enlisted from every upazila. For this, the government officials, public representatives and officials of various training organizations have been

Ban on export of 3-category raw jute lifted

DHAKA: The government has withdrawn the restriction on the export of three categories of raw jute --- un-cut, BTR and BWR. The Ministry of Textiles and Jute has issued the notification on May 29 and released it on Wednesday (June 12).   The notification was issued in accordance with

DSE, CSE open on upbeat note

DHAKA: Country’s stock markets have been witnessing upward trends in its price indices on Wednesday (June 12), the fourth trading session of the week. DSEX, the key index of Dhaka Stock Exchange, went up by 11.39 points or 0.20 percent to stand at 5,464.58 after the first one

Govt to buy paddy at Tk 26

DHAKA: In a bid to compensate the loss of farmers, government has decided to buy 2.5 lakh tonnes of paddy at a cost of Tk 26 per kilogram. Earlier, the government made a decision to buy 1.5 lakh tones of paddy at the same rate. Agriculture Minister Dr Md Abdur Razzak, Food Minister

Stocks extend gaining spell

DHAKA: Stocks witnessed yet another gaining spell on Tuesday (June 11), the third session of the week, as investors’ optimism soared prior to upcoming budget declaration.  The key index of DSE, DSEX, went up by 44.38 points or 0.81 percent to close the day at 5475.98 points. 

Daraz joins hands with Visa

During the festive and holy season of Ramadan, the leading online marketplace Daraz Bangladesh(daraz.com.bd) has tied up with Visa-the global leader in digital payments technology-to offer its customers a great online shopping experience. This Ramadan and Eid campaign has been a great

Both DSE, CSE witnessing gain

DHAKA: Country’s stock markets have been witnessing upward trends in its price indices on Tuesday (June 11), the third trading session of the week. DSEX, the key index of Dhaka Stock Exchange, went up by 36.53 points or 0.67 percent to stand at 5,468.13 after the first two hours of

DSE, CSE end with gain

DHAKA: The country's twin bourses - Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – finished the session in positive on Monday (June 10), following growing confidence among the investors.   The market opened on positive note and that trend sustained till the end

Market showing positive

DHAKA: Both the bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed positive trends in the early hours of trading on Monday (June 10). DSEX, the prime index of Dhaka Stock Exchange (DSE), went up by 20.74 points or 0.3 percent to stand at 5,423.71 at

DSE, CSE end in green after Eid

DHAKA: Stocks ended in green on Sunday (June 9), the first session after nine-day Eid holidays at share market, as investors exerted buying pressures on sector-wise stocks. The core index remained positive throughout the session as enthusiastic behavior from the investors sustained and

PRAN starts mango collection

DHAKA: PRAN, one of the biggest agro-processors in the country, has started mango collection and pulping activities like previous years to manufacture mango drink, juice, mango bar and other food items. This year, PRAN is collecting and pulping the mango in its plants of PRAN Agro Ltd

Dhaka to face gas price hike with full prepaid system

DHAKA: State Minister for Power, Energy and Mineral Resources Nasrul Hamid said on Sunday (June 9) that gas price may rise in Dhaka and its surrounding areas. The old gas lines here will be repaired, he said. Besides, a project has been initiated to install pre-paid meter system in

DSE, CSE open on upbeat note

DHAKA: Trading on the country’s two bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- is underway with upward trends of share-price indices in the early hours on Sunday (June 9). Within first two hours of the day’s trading, the benchmark index of the DSE

Huawei signs deal to develop 5G in Russia

Huawei has signed a deal with Russian telecoms firm MTS to develop 5G technology in Russia. The companies will develop next-generation 5G networks in Russia over the next year, reports said. The deal was agreed as China's President Xi Jinping began a three-day visit to Russia.

Trump terminates preferential trade status for India under GSP

President Donald Trump has terminated India’s designation as a beneficiary developing nation under the key GSP trade programme after determining that it has not assured the US that it will provide “equitable and reasonable access to its markets.”  The Generalized System of