Bourses Want Three-Year Tax-Break on Yearly Income

Daily News Flash, 10th April, 2017 DSEX - 35.61  Gold (Ounce) $ 1256.1 0  Dollar 79.71 (Buy) 79.72 (Sell) CSCX -67.83 Oil (Barrel) $52.29 Euro 84.40 (Buy) 84.44 (Sell)

BOURSES WANT THREE-YEAR TAX-BREAK ON YEARLY INCOME ...... 1 INDIAN PRIVATE SECTOR TO INVEST $9.0B IN BD ...... 2 NEGATIVE REMITTANCE GROWTH MAY DAMPEN DOMESTIC DEMAND ...... 4 AFRICA CAN BE CHEAPER COTTON SOURCE FOR BD TEXTILE SECTOR ...... 5 HAZARIBAGH TANNERIES GET TK 308 MILLION WAIVER ...... 5 STOCKS EXTEND LOSING STREAK FOR THIRD DAY ...... 6 SAIF POWERTEC LEADS DSE TRANSACTION CHART ...... 7 SOUTHEAST BANK TO ISSUE RIGHTS, FORM SUBSIDIARY COMPANY ...... 9 AIMS TO RETURN THE FUND ...... 9 TK 346M COMES FROM SPOT MARKET ...... 10 HELP NBR ENFORCE NEW VAT LAW ...... 10 HC STAYS ACCORD DECISION TO CUT BUSINESS WITH 4 RMG UNITS ...... 11 FAILED PEPSI, NIVEA ADS SHOW INDUSTRY’S DIVERSITY PROBLEM ...... 12 GOVT TO START DRIVE MAY 15 TO ENSURE USE OF JUTE BAGS FOR PACKAGING ...... 13 GARMENT SHIPMENTS TO CANADA SLIDE IN JUL-DEC ...... 14 JUTE EXPORTS TO INDIA FALL AMID ANTIDUMPING DUTY ...... 15 ERICSSON SET TO RUN 4G TRIALS ...... 16 BANGLADESHI MAGAZINE ON DENIM HITS MARKET APRIL 14 ...... 16 EUROPE ADMITS G20 ECONOMIES WILL MISS EXTRA GROWTH TARGET ...... 16 প্রতিবেশীবের চেবে আকর্ষণীে অেস্থাবে চেবশর চশোরোজার ...... 17 িাকাফুল ইসলামী ইন্স্ুুবরবন্স্র ইতিএস চেবেবে ২০ িেসা ...... 18 আন্তজষাতিক চফাবে কল চরট কমাবি োে তে綿আরতস ...... 18 চলাকসাে চেবেবে েুাশোল 綿উেবসর ...... 19 উৎিােে কার্ষক্রম োলাবি িারবে ো এুাবিক্স টুাোতর ...... 19

BOURSES WANT THREE-YEAR TAX-BREAK ON YEARLY INCOME Country's bourses demanded a three-year tax-break on their annual incomes for the sake of their 'financial stability' after the demutualisation, besides other sorts of fiscal stimulus. To this effect, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) authorities called for extension of the existing tax-holiday facility for the stock exchanges in the budget for the fiscal year (FY) 2017-18. The DSE and CSE leaders also proposed the widening of gap of corporate tax rates between the listed and non-listed companies to at least 5.0 to 10 per cent

Daily News Flash, 10th April, 2017

They made the proposals at a pre-budget meeting with the National Board of Revenue (NBR) Sunday. The NBR organised the pre-budget consultation with the representatives of financial institutions. Senior secretary of the Internal Resources Division (IRD) and NBR chairman Md Nojibur Rahman presided. Leaders from Bangladesh Insurance Association (BIA), Small and Medium Enterprises (SME) Foundation and Merchant Bankers Association placed their respective budget proposals at the meeting. Acting Managing Director (MD) of DSE Abdul Matin Patwari said the government would receive an insignificant amount of tax amounting to Tk 140 to 150 million from stock exchanges as it is under graduated rates of tax-holiday facility for five years. He proposed offering full tax exemption for next three years as two years already have passed off with tax-exemption facility. The acting MD of the premier bourse also proposed that the tax-exemption ceiling be increased for dividend up to Tk 0.1 million from Tk 25,000. President of the Brokers Association of Bangladesh Ahmad Rashid said DSE and CSE had been demutualised to meet a loan conditionality set by the Asian Development Bank (ADB). He also sought waiver of gain tax on sales of shares. CSE MD M Shaifur Rahman Mazumder said difference of corporate-tax rate should be widened to at least five per cent between listed and non-listed companies. He also proposed cuts in source tax on share transactions to 0.015 per cent from the existing 0.05 per cent and reduction in high rate of tax incidence on foreign software. "We have to pay 15 per cent VAT on maintenance fee of foreign software and also shoulder 20 per cent advance income tax, which is unbearable," he said. Md Shahabuddin, former member of the NBR, placed a presentation on behalf of the SME foundation. He proposed tax exemption for fire-fighting equipment, agricultural machinery, reduction in duty on paper and paper board, and zero-rated duty on capital machinery for SMEs. The foundation also recommended increasing the VAT-exempted turnover limit to Tk 3.6 million for small businesses and raise the ceiling of turnover tax to Tk 150 million from 8.0 million. BIA member Nasir Uddin Ahmed proposed fixing differential tax rates for life and non-life insurance companies and waiver of VAT on insurance commission. Merchant Bankers Association representative Md Ahsanullah proposed bringing uniformity on corporate-tax rates between asset management banks and other similar types of financial entities. Merchant banks have to pay corporate tax at 37.5 per cent. He also proposed encouraging investment in long-term shares by halving capital-gains tax to 5.0 per cent from 10 per cent. Source: http://print.thefinancialexpress-bd.com/2017/04/10/169615

INDIAN PRIVATE SECTOR TO INVEST $9.0B IN BD The Indian private sector has signed a number of agreements that will result in investment of over US$9.0 billion in Bangladesh. Both sides expressed satisfaction over the growth in trade and investment in the recent years. Meanwhile, another report by bdnews24.com adds: West Bengal Chief Minister Mamata Banerjee offered export of up to 1,000 MW electricity to Bangladesh during her meeting with Prime Minister Sheikh Hasina.

Daily News Flash, 10th April, 2017

"We have surplus power in West Bengal and since Bangladesh needs power for her economic growth, we can give power to Bangladesh," Mamata told journalists after meeting Sheikh Hasina with Indian PM Narendra Modi and President Pranab Mukherjee. Bangladesh is receiving 500MW electricity from West Bengal and 100 MW from Tripura. Another 60 MW will be given from Tripura, according to Indian officials. The Modi government has also promised another 500 MW to Bangladesh -- so when Mamata made the offer, Modi asked her to put it in writing. A West Bengal official said on Sunday that the offer was formally made in a letter to the Centre after instructions from the chief minister. Another report of the bdnews24.com adds: Officials concerned have been directed to conclude discussions on various aspects relating to sharing of water of the rivers Feni, Manu, Muhuri, Khowai, Gumti, Dharla and Dudhkumar between Bangladesh and India. The directive was given in the joint statement of Bangladesh Prime Minister Sheikh Hasina and her Indian counterpart Narendra Modi on Saturday. The two Prime Ministers appreciated the "positive" steps taken in respect of Bangladesh's proposal for jointly developing the Ganges Barrage on the river Padma in Bangladesh as they welcomed new developments. They pledged to pursue "new opportunities" to further deepen and broaden the relations in the 62- point statement issued after their summit meeting and exchange of signed agreements and MoUs. Those include the visit of "an Indian technical team to Bangladesh and establishment of a 'Joint Technical Sub-Group on Ganges Barrage Project' and study of the riverine border in the upstream area of project". Both leaders directed the concerned officials of the 'Joint Technical Sub-Group' to meet soon. According to the statement, 34 bilateral documents including business documents "are being signed, exchanged, adopted and handed over during the visit". Defence, civil nuclear cooperation, space technology and cyber security are some of the new areas of agreements signed during the visit. Modi announced a special medical scheme under which 100 Muktijoddhas of Bangladesh will be provided medical treatment in Indian hospitals every year. He also extended the Muktijoddha Scholarship Scheme for 10,000 heirs of Muktijhoddhas for another five years. He also announced five-year multiple entry visas for the freedom fighters. The two Prime Ministers emphasised the advantages of sub-regional cooperation in the areas of power, water resources, trade, transit and connectivity for mutual benefit. Prime Minister Modi thanked Prime Minister Hasina for the supply of broadband internet connectivity from Cox's Bazar to Tripura and Northeastern region of India. UNB adds: The two leaders stressed the need to improve market access and remove barriers to trade to ensure smooth movement of goods across the borders. The barriers include port restrictions on products, according to the joint statement issued after bilateral talks between the two leaders. Bangladesh also assured India of considering its request for doing away with the discriminatory regime of 'Minimum Import Price' in respect of import of certain products from India to Bangladesh. The two prime ministers directed their respective officials to set up Special Economic Zones (SEZs) for Indian companies quickly at the identified locations, according to the joint statement. One of the locations is a 1005-acre site at Mirsarai, for which Prime Minister Modi particularly appreciated Prime Minister Hasina's generosity and encouragement. Source: http://print.thefinancialexpress-bd.com/2017/04/10/169616

Daily News Flash, 10th April, 2017

NEGATIVE REMITTANCE GROWTH MAY DAMPEN DOMESTIC DEMAND Falling remittance inflow registers a negative growth that might cast some dampening effects on domestic demand, according to the central bank. An expected growth in private-sector credits and a fresh wave of capital-machinery import indicated buoyant domestic demand, the Bangladesh Bank observed in its latest quarterly report on the country's economic health. "However, the negative growth of remittance inflow (-17.8 per cent) might have some dampening effect on the domestic demand," it says in the Bangladesh Bank Quarterly (BBQ) for October- December 2016 period, released Sunday. The latest BB observations came against the backdrop of a falling trend in the flow of inward remittances in the recent months. Talking to the FE, a BB senior official said the inward remittance flow dropped significantly in the recent months following a sluggish trend in economic activities in the Middle-East countries coupled with a rising trend in the sending of hard-earned money by expatriate Bangladeshis through informal channels. "The overall economic growth may face an adverse impact in future if the existing downward trend in inward remittance continues," the central banker explained. He said the central bank as well as the government has got down to working on ways of enhancing the inflow of remittances immediately. As part of the moves, two teams of the BB are now working to find out reasons of the downturn in remittance inflow in the recent months. The teams had visited the Kingdom of Saudi Arabia, Singapore and Malaysia to see the actual situation with the remittances from those countries. "We're still working on the issue," a senior member of a team told the FE, adding that a report will be submitted to BB Governor Fazle Kabir in this connection by the end of this month. The overall remittance inflow has dropped by nearly 17 per cent or US$ 1.86 billion in the first nine months of this fiscal year (FY), 2016-17, against the same period of the previous fiscal. The remittance receipts came down to $9.19 billion during the July-March period, from $11.06 billion in the same period of the last fiscal, the latest BB data showed. The inflow was estimated at $1.08 billion in March 2017, up by $136.69 million from that of the previous month. In February 2017, the amount stood at $940.75 million. It was $1.28 billion in March 2016. The banking-sector indicators depicted a mixed picture in the second quarter of the current fiscal year (FY) 2016-17 compared to that in the Q2 of the FY 16. "Capital-to-risk-weighted asset ratio (CRAR) and asset quality (in terms of both gross and net NPL ratios) showed some improvements, while profitability (both ROA and ROE) and the provision- shortfall position of banks against classified loans deteriorated during the quarter under review," the BBQ noted. Looking ahead to FY 17, the BB's current forecast is that output growth is likely to be more than 7.0 per cent. This was based on current and projected trends in a number of variables, including global economic growth, domestic and foreign investment, private-sector-credit growth, electricity production and growth in capital-goods imports. "However, the downside risk to this projection may stem from the dip in remittance inflow and moderate export growth," the central bank noted. Though the current level of inflation measured by the consumer price index (CPI) on the basis of 12- month average is below the target, point- to-point non-food inflation has already been rising since July 2016.

Daily News Flash, 10th April, 2017

And this rise might put some upward pressure on average inflation in coming months, the BB hinted. During the period under review, the overall economic activities witnessed a strong growth impulse, stemming mainly from the industry and the service sectors. The large-and medium-scale industries' output registered a double-digit (13.8 per cent in October 2017) growth, aided by continued improvement in electricity supply and falling lending rates, according to the BBQ. Source: http://print.thefinancialexpress-bd.com/2017/04/10/169617

AFRICA CAN BE CHEAPER COTTON SOURCE FOR BD TEXTILE SECTOR African countries could be a highly suitable and cost-effective alternative source of raw cotton for Bangladesh's textile sector, Finance Minister AMA Muhith said Sunday. "The demand for cotton in the local textile sector is here to stay as RMG will lead our export sector for another twenty to twenty five years," he told the African-Asian Cotton B2B Meeting held in the capital. "In this context, our textile sector can look towards Africa as an alternative source of raw cotton due to its cost effectiveness," he added, amid a growing consensus among the stakeholders about the country's overdependence on Indian cotton. Bangladesh is currently the largest cotton importing country in the world. It spends more than US$ 3 billion to import cotton a year -- more than half of it comes from India. Statistics showed that while China's cotton import from India was falling, Bangladesh's cotton import from India was actually rising. If the current trend continues, insiders said, Bangladesh might well become the largest importer of Indian cotton. The finance minister was also not quite optimistic about the prospect of local cotton as a large source of raw material for the local textile industry. "Local cotton farmers are unlikely to be able to meet the bulk of the huge demand for cotton due to land shortage," he said. "At the same time, the rising demand for chemical and other fibre materials as a substitute for cotton is also not helping the local cotton industry." Currently, Bangladesh grows around 180,000 bales of cotton a year, which is just 1.0 per cent of the annual demand. However, the local producers have a target to meet 10 per cent of the demand by the end of 2025. Speaking on the occasion, the local cotton traders sought better policy incentives for importing cotton given its importance in feeding the country's export-oriented RMG sector. President of Bangladesh Cotton Association M Shahidullah said that African countries were increasingly becoming an important source of cotton for Bangladesh's garments industry. "Nevertheless, there are ample scope for diversifying our sources and explore Africa further as a bigger source of cotton, considering the issues of cost effectiveness." Vice President of Bangladesh Textile Mills Association Mohammad Ali Khokon and Baba Berthe of Bangladesh Cotton Association also spoke on the occasion. Source: http://print.thefinancialexpress-bd.com/2017/04/10/169613

HAZARIBAGH TANNERIES GET TK 308 MILLION WAIVER The Supreme Court waived on Tuesday Tk 308.3 million in penalties for tannery owners who failed to relocate their factories to Savar, report agencies. The court, however, asked the 142 tannery owners to pay one-time Tk 50,000 which will be spent for rehabilitation of the tannery workers and staff. The payment has to be made to the labour ministry within 15 days.

Daily News Flash, 10th April, 2017

On Sunday, the Appellate Division bench led by Chief Justice SK Shinha gave the order after hearing a review petition by the tanneries. It also asked the authorities concerned to provide gas, power and water connections to the tanneries in the Savar Tannery Estate within 15 days. In another verdict on the day, the Supreme Court upheld a High Court order asking for putting an end to the use of tannery waste as fish and poultry feed. A four-member Appellate Division bench, also headed by the chief justice passed the order. The Appellate Division rejected a leave-to-appeal petition filed challenging the High Court order, said lawyer Manzil Murshid. In the verdict on tannery relocation, the court asked the authorities concerned to make sure the waste emitted from the tanneries in Savar does not flow into the Dhaleshwari River. It warned of taking legal action in case of failure. Advocate Syed Amirul Islam, Barrister Sheikh Fazle Noor Tapash and Mohammad Mehedi Hasan Chowdhury stood for the tannery owners. Earlier, on March 30, The Supreme Court ordered all 154 tannery owners to relocate the tanneries from Hazaribagh area of Dhaka city to Savar by April 6. The court also fixed April 9 for hearing the petition on the fines the tannery owners were asked to pay for not relocating their factories in time. The utility services - power, gas and water - to all the Hazaribagh tanneries were disconnected on Saturday following a High Court order. Earlier on March 6, the High Court directed the government to immediately shut down the Hazaribagh tanneries and disconnect all of their utility services, including gas line, power and water, as they missed several deadlines to relocate their factories to the Savar Tannery Estate. Source: http://print.thefinancialexpress-bd.com/2017/04/10/169624

STOCKS EXTEND LOSING STREAK FOR THIRD DAY Stocks witnessed yet another sluggish trading session Sunday, with turnover falling further, as risk- averse investors continued to book profit on quick-gaining stocks. Analysts said the market faced another downbeat session as investors were mostly on profit taking mood over the last few days' price surge in sector specific issues. "Selling pressure on sector specific large-cap issues, especially from fuel and power, engineering, food and allied and bank dragged down the market for another session," said an analysts at a leading brokerage firm.

The market opened with a slight upward movement but could not sustain the momentum as the session progressed. After first one and a half hours trading, index started to drop significantly, finally closed 35.61 points lower. DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished the session at 5,700.79, losing 35.61 points or 0.62 per cent over the previous session. DSEX lost more than 76 points in the past three consecutive sessions.

Daily News Flash, 10th April, 2017

"The most large-cap stocks lost price, which could be the reason for such sharp fall of the broad index," said LankaBangla Securities, a stockbroker, in its regular market analysis. The stockbroker noted that among the top 20 large-cap stocks, only 5 stocks gained price, whereas 15 stocks experience significant price fall. The two other indices also finished lower. The DS30 index, comprising blue chips, fell 14.63 points or 0.68 per cent to settle at 2119.56. The DSE Shariah Index (DSES) lost 8.45 points or 0.64 per cent to close at 1,304.26. Turnover, another important indicator of the market, also fell sharply to Tk 7.77 billion, which was more than 25 per cent lower than the previous day's value of Tk 10.16 billion. The bank sector emerged as turnover leader after a single-session break, capturing 25 per cent of the day's total turnover value, followed by pharmaceuticals 14 per cent and engineering 13 per cent. IDLC Investments, a merchant bank, said, "The market passed another negative session, with decline in 214 issues, as against rise in 86 issues". The merchant bank noted that Southeast Bank and IFIC Bank did well, gaining 1.93 per cent and 1.70 per cent respectively, upon their declaration of dividend and annual earnings for the year ended on December 31, 2016. AT Capital Partners, an asset management company, said, "Despite started positively, downtrend continued for the third consecutive sessions as most of the stocks face heavy sell pressure". The AT Capital noted that sellers were more than double of buyers, reflecting investors' cautious stance towards market. All the large-cap sectors showed negative performance except telecommunication which gained 0.28 per cent. Fuel and power sector posted the highest loss of 0.98 per cent, closely followed by engineering 0.90 per cent, food and allied 0.61 per cent, pharmaceuticals 0.31 per cent, banks 0.29 per cent and non- bank financial institutions 0.26 per cent. The port city bourse, the Chittagong Stock Exchange (CSE), also closed lower with its Selective Categories Index - CSCX - losing 67.83 points to settle at 10,719. Losers beat gainers as 148 issues closed lower, 69 closed higher and 20 remained unchanged on the CSE. The port city bourse traded 16.36 million shares and mutual fund units' worth Tk 475 million in turnover. Source: http://print.thefinancialexpress-bd.com/2017/04/10/169570

SAIF POWERTEC LEADS DSE TRANSACTION CHART Saif Powertec dominated Sunday the premier bourse's transaction chart while Far Chemical Industries was most-traded issue on the port city's bourse. Saif Powertec, Ratanpur Steel Re-rolling Mills, Beximco, Brac Bank and City Bank were the most- active shares in terms of value on the Dhaka Stock Exchange (DSE). According to the statistics available with the DSE, about 8.11 million shares of Saif Powertec were traded, generating a turnover of more than Tk 343 million on Sunday. It was 4.41 per cent of the day's total turnover value.

Daily News Flash, 10th April, 2017

Services and real estate sector listed company's share price hovered between Tk 41.50 and Tk 43.90, before closing at Tk 42.20 on the day, losing 3.43 per cent over previous day. Saif Powertec sells and provides service of construction material handling and power generation equipment in Bangladesh. The company is also working at Chittagong Port as Container Terminal Operator. Saif Powertec, which was listed on the bourses in 2014, disbursed 5.0 per cent cash and 27 per cent stock dividend for the year ended on June 30, 2016. Meanwhile, the company issued one rights share against one existing share at a price of Tk 15, including a premium of Tk 5.0 each. The rights subscription of the Saif Powertec took placed between February 28 and March 20 and it was the first trading session for the company after credited rights shares to the respective shareholders' beneficiary owners (BO) account on April 6. The company's second quarter (Q2) consolidated earnings per share (EPS) stood at Tk 1.60 for the October-December of 2016 as against Tk 0.86 for the same period a year ago. The Chittagong-based company's paid-up capital is Tk 2.32 bullion and authorised capital is Tk 5.0 billion and the total number of securities is 232.59 million, the DSE data shows. The sponsor-directors own 40.06 per cent stake in the Saif Powertec, while the institutions own 17.16 per cent and general public 42.78 per cent as on March 31, 2017. Saif Powertec was, closely followed by Ratanpur Steel with about 93.40 million shares of Tk 329 million changing hands. The steel maker's share price closed at Tk 93.40, advancing 0.75 per cent over the previous day. Beximco emerged as the third, with about 8.71 million shares of Tk 316 million changing hands. The company's share price fell 2.19 per cent to close at Tk 35.70 each. Brac Bank notched the fourth spot with some 3.16 million shares of Tk 297 million changing hands. The bank's share price closed at Tk 94, gaining 1.73 per cent over the previous session. City Bank was the fifth on the DSE's turnover list, with 6.74 million shares of Tk 282 million changing hands. Each share of the bank closed at Tk 41.40, losing 1.90 per cent. Besides, the five most-traded shares in terms of value on the Chittagong Stock Exchange (CSE) were Far Chemical Industries, Saif Powertec, Beximco, Brac Bank and Beximco Pharmaceuticals. According to data available with the CSE, some 2.13 million units of Far Chemical were traded, generating a turnover of Tk above Tk 51 million. The company's share price fell 2.73 per cent to close at Tk 25 each. Saif Powertec notched the second spot with 776,992 shares worth Tk 33 million changing hands. The company's share price closed at Tk 42.30, losing 3.20 per cent. Beximco was the third with 823,146 shares of Tk 30 million changing hands. The company's share price fell 2.19 per cent to close at Tk 35.70 each. Brac Bank was the fourth with 262,841 shares worth Tk 25 million changing hands. The bank's share price closed at Tk 93.70 each, gaining 2.38 per cent.

Daily News Flash, 10th April, 2017

Beximco Pharma was the fifth on the CSE's transaction list with 191,708 shares of Tk 22 million changing hands. The company's share price dropped 1.78 per cent to close at Tk 115.80 each. Source: http://print.thefinancialexpress-bd.com/2017/04/10/169571

SOUTHEAST BANK TO ISSUE RIGHTS, FORM SUBSIDIARY COMPANY The board of directors of Southeast Bank has decided to issue rights share and approved to form a fully owned subsidiary company to run the bank's mobile financial services, said an official disclosure on Sunday. A rights issue is an issue of additional shares by a listed company to raise capital from existing shareholders. The existing shareholders have the privilege to buy a specified number of new shares from the firm at a particular price within a specified time. The board has decided to issue one rights share for two existing shares at an issue price of Tk 12.50, including premium of Tk 2.50 per share, subject to approval of shareholders in the extraordinary general meeting (EGM) and regulatory authorities - Bangladesh Bank (BB) and the Bangladesh Securities and Exchange Commission (BSEC), said a disclosure posted on the Dhaka Stock Exchange (DSE) website on Sunday. The board has also approved to form a fully owned subsidiary company to run the Bank's Mobile Financial Services brand named "Telecash" subject to approval from the regulatory authorities and shareholders in the extraordinary general meeting, according to the disclosure. The board has also recommended 20 per cent cash dividend for the year ended on December 31, 2016. In 2015, the bank disbursed 15 per cent cash dividend. The extraordinary general meeting (EGM) and the annual general meeting (AGM) will be held on May 22 at 10:30am and 11:00am respectively at Officers' Club in Dhaka. Source: http://print.thefinancialexpress-bd.com/2017/04/10/169579

AIMS TO RETURN THE FUND The AIMS of Bangladesh has decided to return the fund taken from sponsor for a proposed mutual fund (MF) due to some complexities. The officials of AIMS of Bangladesh said earlier they received fund of Tk 100 million from Mutual Trust Bank (MTB) to float a MF. "But we did not get the regulatory consent to float the fund. Meanwhile, the sponsor wanted to get back its fund. That's why we have decided to return the money," said a senior official of AIMS of Bangladesh. He said at that time the regulator told them no open-ended MF will be allowed. Asked, an official of the Bangladesh Securities and Exchange Commission (BSEC) said there were some complexities in the name and nature of the proposed fund. "The fund manager wanted to float a reinvestment fund. But the regulator did not agree to give consent to such kind of fund," said the BSEC official. He said the regulator also asked the fund manager to include the sponsor's name in the name of proposed MF as per the securities rules. The BSEC official said the AIMS has submitted a proposal to the regulator for returning the fund of sponsor. Source: http://print.thefinancialexpress-bd.com/2017/04/10/169578

Daily News Flash, 10th April, 2017

TK 346M COMES FROM SPOT MARKET The Dhaka bourse Sunday closed the week's first session with moderate losses in indices and turnover as most of the major sectors witnessed corrections. At the end of the day's trading session, the DSE broad index DSEX declined 0.62 per cent or 35.61 points to close at 5700.79. According to LankaBangla Securities, most large-cap stocks lost price, which could be the reason for such sharp fall of the broad index. The shariah-based index DSES lost 0.64 per cent or 8.44 points to close at 1304.26, whereas the blue chip index DS30 went down by 0.68 per cent or 14.63 points to close at 2119.56. "Among the top 20 large-cap stocks, only five gained price, whereas 15 stocks experienced significant price fall. Among the large-cap sectors, only telecommunication moved positive slightly with 0.28 per cent gain," said the LankaBangla Securities. Of 328 issues traded, 86 advanced, 214 declined and 28 were unchanged on the premier bourse. The turnover stood at above Tk 7.77 billion which was 23.53 per cent less than the turnover of the previous session. Of total turnover, Tk 346 million came from transactions executed in spot market. "Solid bearish vibe in the market created anxiety among the investors that speed up the selling pressure to avoid further losses," said the market review of the International Leasing Securities. "The earnings declaration from several individual scrips might have failed to meet the investors' expectation," said the International Leasing Securities. According to another market review of EBL Securities, the day's initial optimism reversed after a short span as risk-averse investors spurred profit booking selling spree on stocks from different sectors especially from fuel & power, bank and miscellaneous sectors. Saif Powertec topped the turnover chart with a value of Tk 343 million followed by RSRM Steel Tk 328 million, BEXIMCO Tk 315 million, BRAC Bank Tk 297 million and City Bank Tk 281 million. Among the major sectors, bank declined 0.1 per cent, engineering 0.9 per cent, financial institutions 0.3 per cent, fuel & power 1.0 per cent, miscellaneous 2.1 per cent and textile 0.6 per cent. Investors' activities were concentrated mostly on bank which captured 24.80 per cent of market turnover followed by pharmaceuticals & chemicals 13.50 million, engineering 12.70 million and textile 9.0 per cent. Hakkani Pulp was the number one gainer with a rise of 8.99 per cent to close at Tk 60.60, whereas Trust Bank topped losers' chart after declining 15.91 per cent to close at Tk 24.30. Source: http://print.thefinancialexpress-bd.com/2017/04/10/169577

HELP NBR ENFORCE NEW VAT LAW The head of National Board of Revenue (NBR) sought Sunday support from businesses to make the new VAT law effective from July 2017. "There are some myths about the new VAT law, which are not right. So, all the stakeholders including business people should help the NBR enforce the law, ignoring myths", the board chairman Md Nojibur Rahman said. He was speaking at a pre-budget meeting with the representatives from C&F agency, ship building and breaking industry, freight forwarding agency, indenting agency, Dhaka Taxes Bar Association (DTBA), Institute of Cost and Management Accountants of Bangladesh (ICMAB), Institute of Chartered Accountants of Bangladesh (ICAB), and Institute of Chartered Secretaries of Bangladesh (ICSB). Terming VAT a potential sector for revenue collection, the NBR chairman said as per the Prime Minister's decision, the businesses of the country were granted one year to fully implement the law considering request from them.

Daily News Flash, 10th April, 2017

The new law will meet the hopes of the public, said Mr Rahman adding, the NBR was working hard to facilitate small and medium enterprises through the law. Speaking at the programme, ICAB executive committee member Md Humayun Kabir said a greater consensus was needed before implementing the new VAT law so that the stakeholders could not emerge as impediments. Noting that the private sector investment has slowed down, he also said the government should take initiatives to boost private investment besides public investments. Meanwhile, the ICMAB secretary Md Abdur Rahman Khan said the country should perform well in 'Doing Business Index' to draw more foreign direct investment. Bangladesh Shipping Agents Association M Rafiqul Islam said that the capacity of the off-docks of the country has to be improved to keep pace with increased exports and imports of the country. He also urged the authorities to remove two years' old containers from the off-docks to increase its capacity. Bangladesh Inland Container Depots Association (BICDA) secretary Ruhul Amin Sikder urged the NBR to cut Advance Income Tax (AIT) for the ICDs to 2.0 per cent from 8.0 per cent after decline in their business. The meeting was also addressed by NBR members Jahangir Hossain (VAT Policy) and Parvez Iqbal (Income Tax Policy), ICMAB president Jamal Ahmed Choudhury, DTBA general secretary Md Badiuzzaman, Association of Export-Oriented Shipbuilding Industries of Bangladesh (AEOSIB) Dr Abdullahel Bari, Bangladesh Ship Breakers Association (BSBA) member Maksudur Rahman, and Bangladesh Freight Forwarders Association (BAFFA) president Md Rafiquzzaman. Source: http://print.thefinancialexpress-bd.com/2017/04/10/169584

HC STAYS ACCORD DECISION TO CUT BUSINESS WITH 4 RMG UNITS The High Court has stayed the decision of European buyers group Accord on Fire and Building Safety in Bangladesh for terminating business relations with four readymade garment factories in Bangladesh. The separate benches of High Court division of the Supreme Court have issued the orders in February and March after hearing separate writ petitions filed by the factory owners. The High Court Benches also issued Rule Nisi calling upon the Accord to show cause as to why decision of termination of the businesses would not be declared as illegal. Bangladesh’s readymade garment factory owners started seeking legal protection since last year terming some of the Accord’s initiatives illegal. A High Court Division bench comprising Justice Syed Muhammad Dastagir Husain and Justice Md Ataur Rahman Khan on March 28 stayed Accord’s decision of terminating business relations with Civic Apparels Ltd. The Accord had issued business termination letter to the factory on March 19 this year. The Civic Apparels Ltd and Tivoli Apparels Ltd filed a writ petition against the Accord decision. After hearing, the High Court stayed the Accord’s termination for three months and issued rule as to why the notification of Accord directing two of its signatory companies to terminate their business with the factory shall not be declared to have been issued without any lawful authority. The higher court also issued rule calling upon the Accord to show cause why the provision of terminating all Accord covered factories owned by the same supplier in case of remediation of any of the factories under the same supplier group as contained in the Operation Procedure Implementing Article 21 Escalation Protocol shall not be declared to be illegal. The High Court Division bench on March 29 stayed Accord’s decision of terminating business relations with Knit and Knitwear Ltd. The High Court bench issued rule calling upon to

Daily News Flash, 10th April, 2017 show cause as to why its SOP for implementation of escalation stages under Article 21 shall not be declared illegal. Another High Court bench of Justice Syed Refaat Ahmed and Justice Md Salim on March 7 issued a stay order on termination of business relations by the Accord with Interloop BD Ltd for 8 weeks. The higher court also asked factory authorities (petitioner) to conduct soil test by Bangladesh University of Engineering and Technology within the time. A High Court Bench of Justice Tariq ul Hakim and Justice Md Faruque on February 28 issued a stay order on reactivation of termination of business relations by the Accord with Heasong Knitwears Limited. The higher court ordered to receive and review the detailed engendering assessment and retrofitting design developed under the Accord’s building standard. After the Rana Plaza building collapse, which killed more than 1,100 people, mostly garment workers, in April 2013, the EU retailers formed the Accord undertaking a five-year plan which set timelines and accountability for inspections and training and workers’ empowerment programme. Source: http://www.newagebd.net/article/13136/hc-stays-accord-decision-to-cut-business-with-4- rmg-units

FAILED PEPSI, NIVEA ADS SHOW INDUSTRY’S DIVERSITY PROBLEM Recent high-profile advertising missteps by Pepsi and skin-care company Nivea underscored anew Madison Avenue’s awkward relationship with racial diversity at a time when the United States is becoming less white. PepsiCo’s ill-fated ‘Moments’ spot, featuring model Kendall Jenner, was quickly pulled with an apology after being vilified for trivializing the ‘Black Lives Matter’ movement. Nivea also apologised and withdrew an ad for a deodorant after its ‘White is Purity’ pitch was embraced by white supremacists. Social media had a field day with the botched campaigns, which seemed to suggest scant progress from the white male bubble of the 1960s depicted in the popular television series ‘Mad Men.’ ‘Between Nivea’s ‘white is purity’ ad and Pepsi’s ‘Black soda matters’ ad, I think it’s time to open my ‘Ask a Black person’ consulting firm,’ comedian Travon Free said on Twitter. In fact, data shows a diversity deficit in a sector that both reflects and moulds public sentiment. Only 4.1 per cent of advertising industry employees in the country are African Americans, well below their 13.3 per cent of the overall population. Latinos account for 12.3 per cent of the industry, compared with 17.6 per cent of the population. Nearly half of respondents among advertising employees said the industry was ‘terrible’ or ‘not great’ at hiring diverse professionals, with another 25 per cent describing it as ‘mediocre,’ according to a survey released last September by the American Association of Advertising Agencies. The trade group’s outgoing president Nancy Hill made publicly calling out ‘racist and misogynistic behaviour’ her New Years resolution for 2017. ‘I have realized given the current climate in our country and our industry, that doing that privately is tantamount to condoning the behaviour,’ Hill said in a column on a marketing industry website. ‘Others involved need to know that this industry does not tolerate this kind of thinking and its resulting behaviour any longer.’ Some major advertisers, such as Verizon, General Mills and Hewlett-Packard have threatened to fire firms that aren’t diverse enough. The demise of the Pepsi spot has especially provoked intense discussion throughout the industry. The company is led by Indian-born chief executive Indra Nooyi, a vocal proponent of diversity. A poll by PR Week showed 40 per cent on respondents blamed the debacle on lack of diversity or diversity of thought, while 25 per cent said it reflected an overzealous approach to attracting

Daily News Flash, 10th April, 2017 millennials and 13 per cent blaming the fact that it was made by Pepsi’s in-house creative team and did not involve an outside firm. The spot follows Jenner as she is stirred from a fashion shoot by a handsome Asian cellist to join an unspecified but peaceful street protest with people of all ethnicities, including African American street dancers. The two-and-a-half minute short film culminates with Jenner handing a Pepsi to a handsome grinning police officer, a move that draws wild applause from the crowd, including from a hijab- wearing photographer who nods in agreement as she records the moment. The spot spurred instant ridicule, most witheringly from Bernice King, who posted a picture of her father, Martin Luther King, being apprehended at a civil rights march by police. ‘If only Daddy would have known about the power of #Pepsi,’ King wrote on Twitter. Kelly O’Keefe, a professor of brand strategy at Virginia Commonwealth University, said the spot was shockingly heavyhanded in its constant hawking of cola. It reflected a ‘cloistered view of the world and distorted view of diversity,’ he said, adding that the spot has dominated discussion in class this week. Jake Beniflah, executive director of the Centre for Multicultural Science, thought the ad was a spoof when he first saw it because of the omnipresence of the product and in its creation of ‘utopian’ world where every race is shown. ‘Perhaps they thought diversity on camera was enough, but obviously it wasn’t,’ Beniflah said. ‘In fact, it backfired.’ For Judy Davis, a marketing professor at Eastern Michigan University, the controversy stirred memories of Barbara Gardner Proctor, one of the women she profiled in her book, ‘Pioneering African American Women in the Advertising Business: Biographies of MAD Black WOMEN.’ Proctor was fired in the 1960s from a large firm when she refused to work on a campaign that showed black women clamouring in the street for a hair product. The ad was a tasteless allusion to the civil rights movement, she said. ‘It was the same kind of trivialisation of a serious social movement and taking that to promote some brand,’ Davis said. ‘You would think in 2017 things would be different. But here we are seeing some of the same problems that were present 50 years ago, and I think that’s pretty amazing.’ Source: http://www.newagebd.net/article/13140/failed-pepsi-nivea-ads-show-industrys-diversity- problem

GOVT TO START DRIVE MAY 15 TO ENSURE USE OF JUTE BAGS FOR PACKAGING The government would launch from May 15 a special drive across the country to ensure mandatory use of jute bags for packaging of 17 commodities including paddy, rice, wheat, maize, fertiliser and sugar. The decision of conducting the special drive was taken in an inter-ministerial meeting held at the conference room of the textiles and jute ministry in the capital Dhaka on Sunday. State minister for textiles and jute Mirza Azam presided over the meeting. Azam said the government enacted the Mandatory Jute Packaging Act in 2010 to boost the use of environment-friendly jute bags for packaging of essential commodities. But, he said, polythene or polypropylene bags are still being used for packaging of the commodities instead of jute bags despite a ban on their use. Azam said that they had already given directives to the law enforcing agencies to take required steps for implementing the Mandatory Jute Packaging Act-2010.

Daily News Flash, 10th April, 2017

He also said that all the divisional commissioners and deputy commissioners had been directed to conduct special drive from May 15 to take action against any violation of the act. In the act, the government primarily made mandatory the use of jute bags for packaging of six commodities — paddy, rice, wheat, maize, fertiliser and sugar. On January 21, the government also made mandatory the use of jute bags for packaging of 11 other commodities including chilly, turmeric, onion, ginger, potato and flour. The Bangladesh Jute Mills Corporation was supposed to implement the Mandatory Jute Packaging Act-2010 from January 1, 2014 but it failed to enforce the act. Source: http://www.newagebd.net/article/13138/govt-to-start-drive-may-15-to-ensure-use-of-jute- bags-for-packaging

GARMENT SHIPMENTS TO CANADA SLIDE IN JUL-DEC

Garment shipments to Canada, one of the major export destinations for Bangladeshi manufacturers, dropped 7 percent to $437.78 million in the first half of this fiscal year on the back of lower demand. “The decline is due to global slump in demand for apparel,” said Faruque Hassan, vice-president of Bangladesh Garment Manufacturers and Expor-ters Association. In 2015, the demand for apparel items slid 7.8 percent globally and the decline continued in 2016 at the same rate, he said. As a result, Bangladesh's garment exports to some other major countries declined as well. In recent years, Bangladesh's competitors like India, Vietnam, Cambodia and Sri Lanka have managed to increase their shipments to Canada, which might be another reason for the decline, Hassan said. Masud Rahman, president of the Canadian Chamber of Commerce in Bangladesh, begs to differ. “The figure for the July-December period is just a temporary blip.” He is optimistic that shipments to Canada, where Bangladesh enjoys zero-duty benefit, will pick up soon. Bilateral trade between the two countries crossed the $2 billion mark a few years ago, which is a significant achievement, he said. Garment exports now make up 95 percent of Bangladesh's exports to Canada. To make the most of the zero-duty benefit it enjoys, Bangladesh should diversify its export basket, incorporating products like leather and leather goods, plastic goods and pharmaceuticals, Rahman added.

Daily News Flash, 10th April, 2017

Rahman's optimism is not unfounded as Canadian apparel retailers have invited many Bangladeshi garment factories to attend the Apparel Textile Sourcing Canada, the biggest garment exhibition in the North American country. The gathering, which is scheduled to take place from August 21 to 23, will be attended by apparel and textile manufacturers from more than 20 countries. Manufacturers China, Bangladesh, India, Pakistan, the US, UK, Canada, Turkey, Jordan, Switzerland, Vietnam, Nepal and more will share with Canadians their latest products and production processes in an effort to forge new business relationships. Source: http://www.thedailystar.net/business/garment-shipments-canada-slide-jul-dec-1388983

JUTE EXPORTS TO INDIA FALL AMID ANTIDUMPING DUTY Exports of jute goods to India have been affected after New Delhi imposed antidumping duties on the natural fibre-based products from Bangladesh, industry operators said yesterday. India slapped the antidumping duty – ranging between $19 and $352 a tonne -- on January 5, following which, shipments from Benapole land port, which handles over 90 percent of Bangladesh's jute exports to India, fell in both January and February this year. Year on year, jute goods exports slumped 52 percent to 6,872 tonnes in January and 37 percent to 6,155 tonnes in February, according to data from Beanpole customs. “We are still exporting to India, but the volume has declined to a large extent because of the duty,” said Mohammad Shahjahan, newly elected chairman of the Bangladesh Jute Spinners Association (BJSA). However, shipment of raw jute rose following imposition of the duty, according to data from customs and Bangladesh Jute Association. Jute is the third largest export earning sector of Bangladesh, after garments and leather, and India is one of the biggest markets for these goods. India accounted for 17 percent, or 1.41 lakh tonnes out of 8.25 lakh tonnes of jute goods exported in fiscal 2015-16, according to data compiled by the Department of Jute (DoJ). Considering overall exports worth $689 million to India, the share of jute and jute goods was 37 percent in fiscal 2015-16, according to data from the Federation of Bangladesh Chambers of Commerce and Industry. Industry insiders said the shipment of firms that face high antidumping duties has fallen in India. But the mills facing low duties have not been affected much, according to operators. As a result of a decline in demand and exports to India, a number of jute millers have cut production, said Shahjahan. But the domestic use of jute has increased as the law that mandates the use of jute bags to package cereals, including rice, is being enforced, he added. “It has become beneficial for us. The extent of our losses has reduced.”Shahjahan however expects the antidumping issue to be resolved after Prime Minister Sheikh Hasina's four-day visit to India that ends today. She requested Indian Premier Narendra Modi to review the decision. India would look into the matter, according to the Joint Statement issued on April 8. However, jute cloths to make sacks remain free from the purview of the anti dumping duty; a section of importers in India are showing interest in buying these sack cloths, said a senior official of Bangladesh Jute Mills Corporation (BJMC), seeking anonymity. Gopi Kishon Sureka, a local jute exporter, said the antidumping duty will also affect consumers in India because of the rise in prices. Source: http://www.thedailystar.net/business/jute-exports-india-fall-amid-antidumping-duty- 1388977

Daily News Flash, 10th April, 2017

ERICSSON SET TO RUN 4G TRIALS The introduction of high-speed 4G mobile services is one step closer to fruition as Ericsson will start trial runs this month in Dhaka and Chittagong. The Swedish telecom equipment maker has already brought in the equipment needed for the test runs, which will be done using a top mobile operator's network, said Abdus Salam, chief technology officer of Ericsson Bangladesh. The objective of running such trials is to get a better grasp of the technology and to figure out the kinks such that they can be ironed out before commercial deployment. “This is the right time to roll out fourth generation mobile services in Bangladesh,” Salam said, adding that a few countries in Southeast Asia have already deployed the technology and are reaping its benefit. Mobile broadband has contributed to the economic growth of Bangladesh, he added. For the test run, Ericsson is using 5 Megahertz spectrum from the 1,800 band and another 5 MHz from the 2,100 band. Earlier, another telecom vendor Huawei conducted test runs with top three mobile operators' network and found moderate speed, about 50 Mbps to 100 Mbps, both for uploading and downloading. Bangladesh Telecommunication Regulatory Commission will award the 4G licences shortly; it has already finalised the proposed guideline for the service. In the draft guideline, the BTRC has proposed Tk 15 crore as licence fees for 15 years and another Tk 7.5 crore as annual fees. All existing 3G operators will be eligible for 4G licences. Source: http://www.thedailystar.net/business/ericsson-set-run-4g-trials-1388971

BANGLADESHI MAGAZINE ON DENIM HITS MARKET APRIL 14 The first Bangladeshi magazine dedicated to denim products is hitting the local market on April 14, mainly to highlight the country rising denim industry. The Bangladesh Denim Times will be published three times a year, which will also be available online, said Mostafiz Uddin, publisher and editor of the magazine. Each issue will feature at least one portrait of a Bangladeshi factory, mill or a manufacturer. There will also be reports on Bangladesh's denim industry and denim events. No advertisement would be published on the magazine, the publisher said. The costs for running the magazine would come from the earnings of Bangladesh Denim Expo, an annual event of denim products. The 44-page publication will mainly focus on denim industrial products, trends, brands, people, leaders and forecasters, he said. Each issue will also highlight unique travel destinations in Bangladesh, restaurants, hotels and shed light on the country's culture, he said. Source: http://www.thedailystar.net/business/bangladeshi-magazine-denim-hits-market-april-14- 1388962

EUROPE ADMITS G20 ECONOMIES WILL MISS EXTRA GROWTH TARGET European Union finance ministers admitted on Saturday that the world's 20 biggest economies (G20) will miss their target of generating additional economic growth through reforms by 2018 and called for reflection on why they have failed. G20 economies agreed in 2014 to boost growth in their economies by at least an additional 2 percent over 5 years through reforms, adding more than $2 trillion (1.61 trillion pounds) to the global economy and creating millions of jobs. "It seems likely that we will not reach our 2-in-5 growth ambition by 2018," said a terms of reference document approved by EU finance ministers for the next G20 financial leaders meeting on April 20- 21 in Washington.

Daily News Flash, 10th April, 2017

"We should reflect on the appropriate communication around our 2-in-5 objective and build a shared assessment and understanding of why we have not fully delivered," said the document, obtained by Reuters. "It is thus vital to accelerate the implementation of structural reforms and of investment in productive infrastructure," it said. EU delegations to G20 meeting in Washington will also reiterate that the G20 "should avoid all forms of protectionism, support the Paris agreement on climate change, the work on green finance, and the multilateral approach to taxation and to financial regulation," the document showed. The declaration, while standard in previous G20 meetings and communiques, has become problematic since Donald Trump became the president of the United States last year.

At a meeting in March in the German town of Baden Baden, G20 finance ministers dropped a pledge to keep global trade free and open, yielding to an increasingly protectionist United States. Breaking a decade-long tradition of endorsing open trade, the G20 made only a token reference to trade in their communique in a clear defeat for host nation Germany, which fought the new U.S. government's attempts to water down past commitments. G20 finance chiefs also removed from their statement a pledge to finance the fight against climate change, an anticipated outcome after Trump called global warming a "hoax". Source: http://www.thedailystar.net/business/europe-admits-g20-economies-will-miss-extra- growth-target-1388956

প্রতিবেশীবের চেবে আকর্ষণীে অেস্থাবে চেবশর চশোরোজার বাজারেে গড় মূল্য আয় (পিই) অনুিাত ও প্রকৃত ল্ভযাাংরেে হাে (পিপভরিন্ড ইল্ড) পবরবচনায় দপিণ ও িূবব এপেয়াে উরেখর াগয দদে巁রল্াে তু ল্নায় অবমূল্যাপয়ত অবারন েরয়রে দদরেে দেয়ােবাজাে। দদেী ও পবরদেী পবপনরয়াগকােীরদে জনয এ綿 দবে আকর্বণীয়। বাাংল্ারদে বযাাংরকে এক প্রপতরবদরন সম্প্রপত এ মন্তবয কো হরয়রে। ২০১৬ সারল্ে সববরের্ ত্রৈমাপসক ি বারল্াচনা প্রপতরবদরন বাাংল্ারদে বযাাংক বরল্, ২০১৬ সারল্ দদরেে দেয়ােবাজারেে গড় পিপভরিন্ড ইল্ড পেল্ ৩ দেপমক ৮৭ েতাাংে, ভােরত া পেল্ ১ দেপমক ৪৬ এবাং শ্রীল্াংকায় ২ দেপমক ৭৫। শুধু দপিণ এপেয়ায় নয়, গড় প্রকৃত ল্ভযাাংরে বাাংল্ারদে চীন, হাংকাং ও থাইল্যারন্ডে মরতা বাজাে巁রল্া দথরকও এপগরয়। ২০১৬ সারল্ থাই দেয়ােবাজারেে গড় ইল্ড পেল্ ৩ দেপমক েূনয ৪ েতাাংে। শুধু ইরল্ডই নয়, গড় পিই পবরবচনায়ও বাাংল্ারদরেে দেয়ােবাজাে ভােত, থাইল্যান্ড ও চীরনে দচরয় আকর্বণীয় অবারন। ৩১ পিরসম্বে ঢাকা স্টক এক্সরচরেে (পিএসই) গড় পিই পেল্ ১৪ দেপমক ২৮, ভােরত া ২০ দেপমক ৮৮ ও চীরন ১৬ দেপমক ৫৮। তরব হাংকাং ও শ্রীল্াংকাে বাজারেে গড় পিই বাাংল্ারদরেে তু ল্নায় কম। সম্প্রপত প্রকাপেত ‘বাাংল্ারদে বযাাংক দকায়ার্বােপল্’ েীর্বক ওই প্রপতরবদরন প্ররয়াজনীয় তথয ও উিারেে পভপেরত এ পচৈ তু রল্ ধো হয়। প্রপতরবদন綿 ত্রতপে করেরেন দকন্দ্রীয় বযাাংরকে অথবননপতক উিরদষ্টা ি. আখতারুজ্জামান। উরেখয, দকাম্পাপনে দেয়ারেে বাজােদে ও প্রদে ল্ভযাাংরেে অনুিাতরকই পিপভরিন্ড ইল্ড পহরসরব উরেখ কো হয়। দকাম্পাপনে দেয়ারেে দাম কমরল্ তাে ইল্ড বারড়। একইভারব দকাম্পাপনে দেয়ারেে বাজােদে কমরল্ পকাংবা দেয়ােপ্রপত আয় (ইপিএস) বাড়রল্ পিই অনুিাতও করম। 駁রর্াই পবপনরয়ারগে জনয আকর্বণীয় বরল্ মরন করেন পবরের্কো। প্রপতরবদরন বাাংল্ারদে বযাাংক আরো বরল্, ২০১৬ সারল্ে দের্ারধব দদরেে দেয়ােবাজারে উরেখর াগয অগ্রগপত দদখা দগরে। সূচক ও দল্নরদরন ইপতবাচক ধাোে দনিথয কােণ巁রল্াে মরধয বযাাংপকাং খারত আমানরতে সুরদে হাে করম াওয়া, কেরিারের্ আরয় ইপতবাচক ধাো, পবরদেীরদে পবপনরয়াগ বৃপি, বাাংল্ারদে বযাাংরকে নীপত সমথবন, িু দ্র পবপনরয়াগকােীরদে আত্মপবশ্বাস বৃপি, সরববািপে োজননপতক পপতেীল্তা পেল্ অনযতম। পিরসম্বরেে দের্ পদরক পিএসইে প্রধান সূচক প্রায় 駁ই বেে িে ৫ হাজাে িরয়ন্ট োড়ায়, া আরগে প্রাপন্তরকে দচরয় ৭ দেপমক ৩ এবাং এক বেে আরগে তু ল্নায় ৮ দেপমক ৮ েতাাংে দবপে। এপদরক পিরসম্বরে দদরেে প্রধান স্টক এক্সরচে綿ে বাজাে মূল্ধন এক বেে আরগে তু ল্নায় ৯ দেপমক ৫ ও পতন মাস আরগে তু ল্নায় ৫ দেপমক ৪ েতাাংে বারড়। বাজাে-সাংপেষ্টো জানান, আরগে প্রাপন্তরকে ধাোবাপহকতায় চল্পত বেরেে প্রথম প্রাপন্তরকও ঊর্ধ্বমুখী ধাো ধরে দেরখরে দদরেে দেয়ােবাজাে। এ পহসারব ইল্ড ও পিই অনুিাত পিরসম্বরেে মরতা আকর্বণীয় না হরল্ও সব পমপল্রয় ভােত, িাপকান, শ্রীল্াংকাে দচরয় এখরনা অবমূল্যাপয়ত অবারন

Daily News Flash, 10th April, 2017

েরয়রে দদরেে দেয়ােবাজাে। দকন্দ্রীয় বযাাংরকে উিারে িাপকারনে দেয়ােবাজারেে কথা উরেখ কো হয়পন। তরব দেকিব উচ্চতায় তারদে দেয়ােবাজাে আমারদে মরতা অবমূল্যাপয়ত অবারন দনই— এ綿 পনপিত। Source: http://bonikbarta.net/bangla/news/2017-04-10/113304/প্রপতরবেীরদে-দচরয়-আকর্বণীয়-অবারন-দদরেে- দেয়ােবাজাে/

িাকাফুল ইসলামী ইন্স্ুুবরবন্স্র ইতিএস চেবেবে ২০ িেসা চল্পত পহসাববেরেে প্রথম প্রাপন্তরক (জানুয়াপে-মাচব) তাকাফুল্ ইসল্ামী ইন্স্ুযরেন্স্ পল্পমরর্রিে দেয়ােপ্রপত আয় (ইপিএস) দবরড়রে ২০ িয়সা। ঢাকা স্টক এক্সরচরেে (পিএসই) ওরয়বসাইরর্ প্রকাপেত অপনেীপিত প্রাপন্তক প্রপতরবদন পবরের্রন এমন তথয জানাদগরে। প্রাপ্ত তথযানু ায়ী, দকাম্পাপন綿ে চল্পত পহসাব বেরেে প্রথম প্রাপন্তরক ইপিএস হরয়রে ৫০ িয়সা, া আরগে বেে একই সময় পেল্ ৩০ িয়সা। অথবাৎ ইপিএস দবরড়রে ২০ িয়সা। ৩১ মাচব ২০১৭ ি বন্ত দেয়ােপ্রপত সম্পদমূল্য (এনএপভ) পেল্ ১৮ র্াকা ৩১ িয়সা। এ綿 ৩১ পিরসম্বে ২০১৬ ি বন্ত পেল্ ১৫ র্াকা ৯৯ িয়সা। ‘এ’ কযার্াগপেে দকাম্পাপন綿 ২০০৮ সারল্ িুুঁপজবাজারে তাপল্কাভু ক্ত হয়। ৩১ পিরসম্বে ২০১৬ সমাপ্ত পহসাববেরেে পনেীপিত আপথবক প্রপতরবদন ি বারল্াচনা করে িাুঁচ েতাাংে নগদ ও িাুঁচ েতাাংে দবানাস ল্ভযাাংে দ ার্ণা করেরে। এ সময় ইপিএস হরয়রে এক র্াকা ৩৬ িয়সা এবাং এনএপভ ১৬ র্াকা ৭৯ িয়সা। ২০১৫ সারল্ে সমাপ্ত পহসাববেরে পবপনরয়াগকােীরদে িাুঁচ েতাাংে নগদ ও িাুঁচ েতাাংে দবানাস ল্ভযাাংে পদরয়রে, া আরগে বেে পেল্ ১২ েতাাংে দবানাস। ওই সময় ইপিএস হরয়পেল্ এক র্াকা ৫৫ িয়সা এবাং এনএপভ পেল্ ১৬ র্াকা ৩৫ িয়সা, া আরগে বেে একই সময় পেল্ থাক্ররম এক র্াকা ৪০ িয়সা ও ১৬ র্াকা ৫৮ িয়সা। ওই বেে দকাম্পাপন綿 কে-িেবতী মুনাফা করেপেল্ িাুঁচ দকা綿 ৩২ ল্াখ ৯০ হাজাে র্াকা, া আরগে বেে পেল্ চাে দকা綿 ৩০ ল্াখ ৯০ হাজাে র্াকা। ১০০ দকা綿 র্াকা অনুরমাপদত মূল্ধরনে পবিেীরত িপেরোপধত মূল্ধন ৩৬ দকা綿 ৯ ল্াখ ৭০ হাজাে র্াকা। পেজারভবে িপেমাণ ২০ দকা綿 ১২ ল্াখ র্াকা। দকাম্পাপন綿ে দমার্ পতন দকা綿 ৬০ ল্াখ ৯৭ হাজাে ৩৮৯綿 দেয়াে েরয়রে। পিএসইে সববরের্ তথযমরত, দমার্ দেয়ারেে মরধয উরদযাক্তা/িপেচাল্ক ৪২ দেপমক ৭২ েতাাংে, প্রাপতষ্ঠাপনক ২৭ দেপমক ৪৮ েতাাংে, পবরদপে েূনয দেপমক ১৫ েতাাংে ও সাধােণ পবপনরয়াগকােীে কারে ২৯ দেপমক ৬৫ েতাাংে দেয়াে েরয়রে। Source: http://sharebiz.net/তাকাফুল্-ইসল্ামী-ইন্স্ুযরে/

আন্তজষাতিক চফাবে কল চরট কমাবি োে তে綿আরতস আন্তজব াপতক করল্ে বযবসা দথরক সেকারেে আয় বাড়ারত নতু ন 駁綿 প্রাব ত্রতপে করেরে বাাংল্ারদে দর্পল্র াগার াগ পনয়ন্ত্রণ কপমেন (পব綿আেপস)। এক綿 হরল্া এই বযবসা দথরক সেকারেে আরয়ে ভাগ ৪০ েতাাংে দথরক বাপড়রয় ৪৩ েতাাংে কো। আরেক綿 হরল্া দদরে পবরদপে কল্ আনাে সরববাচ্চ মূল্য২ র্াকা ৮০ িয়সা দথরক ১ র্াকা ২৮ িয়সায় নাপমরয় আনা। এ োড়া কল্ আনাে সববপনম্ন মূল্য ১ র্াকা ২০ িয়সা কোে সুিাপেে করেরে পব綿আেপস। একই সরে সববপনম্ন দে, অথবাৎ ১ র্াকা ২০ িয়সা পহসারব সেকােসহ সব িি巁রল্ারক আরয়ে ভাগ পদরত হরব আন্তজবাপতক দগর্ওরয় (আইপজিপিউ) অিারের্েরদে। বতবমারন আইপজিপিউ অিারের্েো ১ র্াকা ৬০ িয়সা দরে কল্ আনরল্ও আয় ভাগাভাপগ হরে ১ র্াকা ২০ িয়সা দরে। পনয়ম অনু ায়ী, এখন পবরদে থাকা আসা প্রপত এক পমপনর্ কল্ দথরক দ আয় হয়, তাে ৪০ েতাাংে সেকাে, ১৭ দেপমক ৫ েতাাংে আইপসএক্স, ২২ দেপমক ৫ েতাাংে মুর ারফান অিারের্ে আে বাপক ২০ েতাাংে আইপজিপিউ দকাম্পাপন巁রল্া দিরয় থারক। নতু ন পনয়ম কা বকে হরল্ সেকাে ৪৩ েতাাংে, আইপজিপিউ অিারের্ে ১৮ েতাাংে ও মুর ারফান অিারের্ে িারব ২১ দেপমক ৫ েতাাংে। আইপসএক্স অিারের্রেে আরয়ে অনুিাত আরগে মরতাই থাকরব। আন্তজবাপতক কল্ বযবসা দথরক সেকারেে আয় বাড়ারত গত বেরেে পিরসম্বরে পব 綿আেপসরক দাপয়ত্বে দদয় িাক ও দর্পল্র াগার াগ পবভাগ। এেিে পব綿আেপসে ভাইস দচয়ােমযান আহসান হাবীব খারনে সভািপতরত্ব এক綿 ১৩ সদরসযে কপম綿 গ ন কো হয়। এই কপম綿রত িাক ও দর্পল্র াগার াগ পবভাগ, পব綿আেপস োড়াও অথব মন্ত্রণাল্য় ও জাতীয় োজস্ব দবারিবে (এনপবআে) প্রপতপনপধরদে োখা হয়। কপম綿 আইপজিপিউ, মুর ারফান অিারের্ে, আইপসএক্সসহ সব িরিে মতামত পনরয় চূ ড়ান্ত সুিাপেে ত্রতপে করেরে। এসব প্রাব অনুরমাদরনে জনয পেগপগে িাক ও দর্পল্র াগার াগ পবভারগ িা ারনা হরব বরল্ জানা দগরে। জানরত চাইরল্ পব綿আেপসে একজন ঊর্ধ্ব তন কমবকতব া নাম প্রকাে না কোে েরতব প্রথম আরল্ারক বরল্ন, দ সব প্রাব চূ ড়ান্ত কো হরয়রে, দস巁রল্া বাবাপয়ত হরল্ এই খাত দথরক সেকারেে আয় ও করল্ে সাংখযা 駁綿ই বাড়রব। এই খারতে সরে সাংপেষ্ট বযপক্তো বল্রেন, ২০১৫ সারল্ে ২৪ জুন দথরক আন্তজবাপতক কল্ বযবসা িপেচাল্নাে দাপয়ত্ব আইওএফ (আইপজিপিউ অিারের্ে দফাোম) নারমে দবসেকাপে বযবসায়ী সাংগ রনে পনয়ন্ত্ররণ চরল্ াওয়াে িে দথরক করল্ে সাংখযা কমরত শুরু করে। আইওএফ গ রনেপতন

Daily News Flash, 10th April, 2017

মাস িে কল্ দের্ ১ র্াকা ২০ িয়সা দথরক বাপড়রয় ১ র্াকা ৬০ িয়সা কো হয়। কল্ দের্ বাড়রল্ও বাড়পত আয় হওয়া ৪০ িয়সা িারে শুধু আইপজিপিউ অিারের্েো। পনরজরদে আয় পনপিত কেরত বতবমান পনয়রমে এক綿 ফাুঁক কারজ ল্াগারে তাো। ২০১৪ সারল্ে দসরেম্বরে কল্ দেরর্ে সববপনম্ন সীমা (রলাে দের্)২ র্াকা ৪০ িয়সা দথরক কপমরয় ১ র্াকা ২০ িয়সা কো হয়। ওই সময় সববপনম্ন দে, অথবাৎ ১ র্াকা ২০ িয়সায় োজস্ব ভাগাভাপগে পনয়ম দেরখ আন্তজব াপতক কল্ আনাে নতু ন িিপত িেীিামূল্কভারব চাল্ুে অনুরমাদন দদওয়া হয়। সববপনম্ন কল্ দের্ খন২ র্াকা ৪০ িয়সা পেল্, তখন কল্ দের্ বাড়ারনাে সরববাচ্চ সীমা (পসপল্াং দের্) পেল্২ র্াকা ৮০ িয়সা। পকন্তু কল্ দের্ কপমরয় ১ র্াকা ২০ িয়সা কোে সময় আে সরববাচ্চ সীমা পনধবােণ কো হয়পন। মূল্ত কল্ দেরর্ে সরববাচ্চ সীমা দবুঁরধ নাদদওয়াে এই সুর াগ綿 কারজ ল্াপগরয় এখন বাড়পত ৪০ িয়সা আয় কেরে আইপজিপিউ অিারের্েো। পব綿আেপসে পহসাব অনু ায়ী, প্রপতপদন ত্রবধ িরথ এখন গরড় সারড় ৬ দকা綿 পমপনর্ কল্ আসরে। আইওএফ চাল্ুে আরগ ২০১৫ সারল্ প্রপতপদন গরড় ১১ দকা綿 পমপনরর্ে দবপে কল্ আসত। অথবাৎ, 駁ই বেরে কল্ আসা করমরে ৪০ েতাাংরেে দবপে। Source: http://www.prothom-alo.com/economy/article/1139996/আন্তজবাপতক-দফারন-কল্-দের্-কমারত-চায়- পব綿আেপস

চলাকসাে চেবেবে েুাশোল 綿উেবসর িুুঁপজবাজারে তাপল্কাভু ক্ত দকাম্পাপন নযােনাল্ 綿উবরসে তৃ তীয় প্রাপন্তরকে (জুল্াই, ১৬-মাচব, ১৭) অপনেীপিত আপথবক প্রপতরবদন প্রকাে কো হরয়রে। আরল্াচয সমরয় দকাম্পাপনে দেয়াে প্রপত দল্াকসান হরয়রে ৪ র্াকা০৪ িয়সা। দকাম্পাপন সূরৈ এই তথয জানা দগরে। গত বেরেে একই সমরয় দকাম্পাপনে দেয়াে প্রপত দল্াকসান পেল্১ র্াকা ৯৩ িয়সা। দসই পহরসরব আরল্াচয সমরয় দকাম্পাপনে দেয়াে প্রপত দল্াকসান দবরড়রে ২ র্াকা ১১ িয়সা বা ১০৯ দেপমক ৩২ েতাাংে। এ সমরয় দকাম্পাপনে দেয়াে প্রপত প্রকৃত সম্পদ মূল্য (এনএপভ) হরয়রে২১৩ র্াকা ৮২ িয়সা। া গত বেরেে একই সমরয় পেল্২ ৩৭ র্াকা ৭১ িয়সা। Source: http://www.arthosuchak.com/archives/332520/দল্াকসান-দবরড়রে-নযােনাল্-র্-2/

উৎিােে কার্ষক্রম োলাবি িারবে ো এুাবিক্স টুাোতর উৎিাদন কা বক্রম চাল্ারত িােরে না দেয়ােবাজারে তাপল্কাভু ক্ত চামড়া খারতে দকাম্পাপন এযারিক্স র্যানােী পল্পমরর্ি। জানা ায়, উচ্চ আদাল্রতে পনরদবরে োজধানীে হাজােীবাগ এল্াকায় সব র্যানাপেরত গত ৮ এপপ্রল্ পব駁যৎ-গযাস ও িাপনে সাংর াগ পবপে করে দদওয়া হরয়রে। এ কােরণ দসখারন অবপত এযারিক্স র্যানােীে কােখানায় পব駁যৎ-গযাস ও িাপনে সাংর াগ পবপে হরয় দগরে। আে এরত দকাম্পাপনে উৎিাদন কা বক্রমও ব হরয় দগরে বরল্ দকাম্পাপন িি দথরক জানারনা হয়। উরেখয, গত ৬ মাচব োজধানীে হাজােীবারগে সব র্যানাপে প্রপতষ্ঠানরক অপবল্রম্ব বরে পনরদবে দদন হাইরকার্ব । একইসরে কােখানা巁রল্াে পব駁যৎ, গযাস ও িাপন পবপে কোসহ সব সুর াগ-সুপবধা ব করে দদওয়াে পনরদবে দদওয়া হয়। এে ফরল্ গতকাল্ (৮ এপপ্রল্) েপনবাে সকাল্ ৯র্া দথরক িপেরবে অপধদপ্তে এক অপভ ান শুরু করে এল্াকাে পব駁যৎ-গযাস ও িাপনে সাংর াগ পবপে করে। Source: http://www.sharebazarnews.com/archives/76144