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Daily News Flash
3rd June 2018
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Table of Contents
Macro Economy ...... 1 NBR SEEMS NOT ON COURSE TO ATTAIN REVISED TARGET ...... 1 JAPAN INTENDS TO CONFIRM OVER $ 1.83B IN AID NEXT WEEK ...... 2 GOVT EXTENDS TIMELINE TO JUNE 30: CONDENSATE ALLOCATION TO PRIVATE REFINERIES ...... 3 RMG INDUSTRY FACING TOUGH TIMES ...... 4 UPCOMING BUDGET TO HAVE A NEW CLASSIFICATION SYSTEM...... 4 WHEN ANOMALIES RULE WORK ON MATARBARI POWER PLANT ...... 6 GOVT LIKELY TO ISSUE THREE-YR FLOATING RATE BOND ...... 7 BHBFC GIVES MORE LOANS TO AREAS OUTSIDE DHAKA, CTG CITIES ...... 8 'FAST-TRACK' SEAPORT PROJECTS TREAD IN SLOW LANE ...... 9 LNG SUPPLY BEGINS JUN 12 ...... 10 CHINESE FIRM-LED CONSORTIUM TO CARRY OUT FEASIBILITY STUDY ...... 11 GAS CRISIS HALTS PRODUCTION AT SHAHJALAL FERTILIZER FACTORY ...... 11 15PC VAT ON INTERNET USE LIKELY TO BE REMOVED IN NEXT BUDGET ...... 11 NBR LIKELY TO GET REVENUE TARGET WORTH TK 291,000CR ...... 12 MEGA PROJECTS TO GET TK 29,675CR IN FY19 ...... 13 PVT SECTOR CREDIT GROWTH REMAINS ABOVE BB TARGET ...... 14 ACCORD, ALLIANCE BEYOND DEC 31 NOT REQUIRED, SAYS TOFAIL ...... 15 CUT CORPORATE TAX TO WOO BIG COMPANIES TO STOCK MARKET ...... 15 BANGLADESH PER CAPITA INCOME TO SURPASS INDIA IN TWO YEARS ...... 17 EXPORT-ORIENTED INDUSTRY DEMANDS UNIFIED, LONG-TERM TAX POLICY ...... 18 'BANGLADESH NEEDS LONG TERM POLICIES TO ATTRACT INVESTMENT' ...... 19 BB TO JACK UP FARM LOAN TARGET ...... 19 LNG PRICE SHOULD BE RATIONAL ...... 20 E-GOVERNANCE STILL A FAR CRY ...... 21 EXPERTS CALL FOR BANKING REFORM COMMISSION ...... 22 MAJOR BRANDS FAIL TO JOIN BANGLADESH FACTORY SAFETY ACCORD ...... 23 BANKS CALL FOR MORE DOLLARS FROM BB ...... 24 INTEREST PAYMENT TO GO UP 24PC ...... 25 SMARTPHONE SALES DROP 8PC ...... 26 CUSTOMERS SWITCHING BANKS FREQUENTLY ...... 27 ACCORD TO STAY FOR SIX MORE MONTHS: HC ...... 27 EC SERVER CRASH DISRUPTS SIM SALES ...... 28 HIGH TAX BARRIER TO HOUSING SECTOR DEV ...... 28
তিন বছরে ১ লাখ উর্যাক্তা তিতে কেরব তবডা ...... 29 আকারে বারে বারেট বাস্তবায়রন পেছায় ...... 30 অগ্রাতিকাে আেও ৫ প্রকরে গতি পনই ...... 31 ২০ তকতি ের্যন্ত এলাকায় িাছ িোয় তনরেিাজ্ঞা পেরয়রছ পেররাবা廬লা ...... 32 ১৩ িারেে েবযতনরে ওরেরকে জ্বালাতন পিল উরতালন ...... 33 Bank and NBFIs ...... 33 BANKS NOT DOING ENOUGH TO MEET EXPECTATIONS ...... 33 CITY BANK RECEIVES ENERGY-EFFICIENT FINANCING AWARD ...... 35 SINGLE-DIGIT LENDING RATE STILL ELUDES...... 35 BB ISSUES NEW INSTRUCTIONS FOR EXISTING BANK CREDIT ...... 37 BANK OWNERS IN BANGLADESH PUT BB, POLICYMAKERS ON TROT ...... 37 TOFAIL LAMENTS BANKS’ RELUCTANCE TO CUT INTEREST RATE DESPITE GETTING BENEFITS ...... 39 DISSATISFIED BANK CLIENTS CLOSED 16.52 LAKH ACCOUNTS IN 2017 ...... 39 THE RAPID GROWTH OF AGENT BANKING IN BANGLADESH...... 40 বযা廬রকে পেবায় অেন্তুষ্ট গ্রাহক বােরছ ...... 41 অননুরিাত্ি েিরয় প ােণা ছাোই পেয়াে তবতি করেরছন োহোলাল বযা廬ক উর্যাক্তা! ...... 42 বযা廬ক ও িাতলকাবতহর্ভয ি পকাম্পাতনে কেহাে কিরছ ...... 43 Capital Market Specific...... 44 DHAKA STOCKS DIP FOR 6TH WEEK AS PESSIMISM GRIPS MARKET ...... 44 FUNDAMENTALLY POOR SHARES JUMP DESPITE MARKET FALL ...... 45 STAKEHOLDERS CALL FOR INITIATIVES TO BOOST INVESTMENT IN UPCOMING BUDGET ...... 46 IPOS DON'T TEMPT BIG COMPANIES ...... 47 GOLDEN HARVEST TO SET UP COLD STORAGE CHAIN ...... 48 SHURWID FACES NO BAR TO REDUCE PAID-UP CAPITAL ...... 48 DRAFT AMENDMENT TO MF RULES REMAINS SHELVED FOR TWO AND A HALF YEARS ...... 50 SHASHA DENIMS TO ACQUIRE TK 480M STAKE OF EOS TEXTILES ...... 51 Z CATEGORY COS RULE DSE GAINERS' CHART ...... 52 েতিে েুনিভযলযায়নকৃি অর্য অনুরিা্ন করেরছ আতেে োইে ...... 53 ঊর্ধ্যিন কিযকিযার্ে আেততরি বা্ েেরছ অরনক প্রস্তাব ...... 53 টাকাে প্রবাহ করিরছ পেয়ােবাোরে ...... 54 িারেে পেে ত্রনও বে ্েেিন ...... 55 প্রাতিষ্ঠাতনক তবতনরয়াগকােীর্ে পেয়াে পবরেরছ ১২ পকা綿 ...... 56 আিান কটরনে ো女্া গ্রহণ �쇁 আে ...... 57 পলনর্রনে েীরেয ইন্ট্রারকা তেতিউতলন...... 57 পলনর্রনে েীরেয বস্ত্র খাি ...... 57 েপ্তাহেুরে ব্লরক ৬০ পকা綿 টাকাে পলনর্ন ...... 58
Daily News Flash Sunday, June 03, 2018
Macro Economy
NBR SEEMS NOT ON COURSE TO ATTAIN REVISED TARGET The National Board of Revenue (NBR) is likely to miss even the revised tax revenue collection target set for the current financial year, 2017-18. The shortfall in tax revenue collection stood at Tk 300 billion in the first ten months against the revised target, according to provisional data of the NBR. The size of shortfall has been gradually increasing. Officials said the NBR may miss the revenue collection target this fiscal year despite downsizing the target. They said every year the government sets on tax revenue collection target, which is 30 per cent higher than that of the previous year. The original tax revenue collection target for FY 2017-18 was Tk 2.48 trillion. The Ministry of Finance (MoF), later, cut it down to Tk 2.25 trillion, looking at tax collection trend. However, the NBR collected Tk 1.60 trillion tax revenue in the July-April period of the FY '18 against its revised target of Tk 1.90 trillion for the period. The revenue collection growth was around 14.28 per cent, on an average, in the last five fiscal years. All the three wings of the NBR missed their respective revised targets. In July-April, the Income Tax Wing experienced the highest shortfall, amounting to Tk 160 billion, against its revised target. The VAT Wing missed its target by Tk 90 billion and the Customs Wing by Tk 50 billion. The officials concerned said the government should analyse the average growth rate of tax revenue collection during the last 26 years before fixing its target. "Every year, the government sets an ambitious tax revenue collection target without taking GDP growth and inflation into consideration," said a senior NBR official. The original revenue collection target for the NBR was set with an expectation that revenue would see a 45 per cent growth over that of the last year, he also said. The revised target for the current fiscal year has been set anticipating a 32 per cent growth over the actual tax revenue collection last year, he added. For the upcoming fiscal year, 2018-19, the government is expected to propose a Tk 2.96 trillion revenue collection target for the NBR, eyeing a 33 per cent growth. The target is Tk 710 billion higher than that of the revised one for the current fiscal year. The officials said the VAT collection target would be the highest among the NBR's three wings in the upcoming fiscal. The government has set a Tk 1.10 trillion VAT collection target for the fiscal year 2018-19 against the revised target of Tk 830 billion for the current fiscal. The income tax collection target has been set at Tk 1.02 trillion, and the customs duty collection target at Tk 840 billion for the upcoming fiscal. The revised target for income tax and customs duty collection for the current fiscal is Tk 780 billion and Tk 640 billion respectively. The NBR official said the proposed target for FY 2018-19 is also ambitious like the previous financial years. He also said the NBR would focus on compilation of actual revenue collection data from this year. The NBR started compiling the revenue collection data through cross verification with the Controller General of Accounts (CGA) office. "The process of tax revenue data compilation has become slower this year because of the application of this procedure."
1 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 "However, the cross verification would help the government to minimise the mismatch in tax revenue collection data between the entities," he added. In the last FY, there was a serious mismatch between the NBR's revenue collection data and the CGA's actual figure. The NBR recorded Tk 1.85 trillion revenue collection in FY 2016-17. But according to the CGA, the actual collection was Tk 1.71 trillion. Source: http://today.thefinancialexpress.com.bd/first-page/nbr-seems-not-on-course-to-attain- revised-target-1527959053
JAPAN INTENDS TO CONFIRM OVER $ 1.83B IN AID NEXT WEEK Japan is likely to confirm a US$ 1.83 billion in aid for Bangladesh next week, officials said Saturday. The money from the country's largest bilateral development partner is meant to bankroll six development projects. Finance ministry officials said the Japan International Cooperation agency (JICA) is expected to sign a deal on Yen 200.37 billion ($ 1.83 billion) official development assistance. The agreement signing is scheduled for June 14. Under the proposed 39th ODA package, Japan will provide some Yen 2.65 billion loan for the Matarbari port development project. The Yen 37.22 billion will be for Dhaka MRT line-06 construction (phase-III) project, and Yen 7.36 billion for Dhaka MRT line-05 feasibility study project. Besides, it will lend Yen 7.93 billion for the Matarbari ultra-super critical coal-fired power plant (phase- IV) project, Yen 6.73 billion for the Jamuna railway bridge project and Yen 6.56 billion for the health service strengthening project. Meanwhile, the Economic Relations Division (ERD) and the JICA completed their preparations for signing the agreement, a finance ministry official said. "We are hopeful about confirming the loan under the upcoming aid package on June 14. The loan will be utilised for six ongoing and fresh development projects," he told the FE. In March this year, a Japanese team pledged to channel the money, expressing willingness to confirm. Headed by Japanese Ambassador in Bangladesh Hiroyasu Izumi, the team met Economic Relations Division (ERD) secretary Kazi Shofiqul Azam. A JICA team in September-October period last year completed its mission to Bangladesh to explore the possible financing to the proposed six projects. The official said the aid will be useful for Bangladesh as it will be utilised for developing the new and ongoing projects, including the Matarbari power plant. "All these projects are very important for the country to ensure smooth transportation and uninterrupted power supply," he added. The government will have to repay the loan in 30 years with a 10-year grace period. The JICA will charge 1.0 per cent interest rate for the proposed credit. Over the last five to six years, Japan has enhanced its aid with confirming more than US$ 1.0 billion worth of funds under each of the aid packages. In the last 38th ODA package, signed in June 2017, the JICA also confirmed Yen 178.223 billion ($ 1.64 billion). The credit was used for six development projects in transport infrastructure, power and water sectors. The Japanese government offered $ 700 million (Yen 76.825 billion) for Hazrat Shahjalal International Airport Expansion project, $ 480 million (Yen 52.73 billion) for the 2nd Kanchpur, Meghna and Gumti bridges construction. It also granted $ 50 million (Yen 5.593 billion) loan for Dhaka Mass Rapid Transit development project (Line 1). It confirmed loans for several projects, including $ 100 million (Yen 10.745 billion) for Matarbari ultra super critical coal-fired power plant.
2 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 In June 2016, Japan signed the 37th ODA deal worth $1.50 billion (173.54 billion Japanese Yen) with Bangladesh. And in December 2015, it signed the 36th ODA package, confirming $1.2 billion concessional loan for six development projects. Japan has provided nearly US$ 12 billion of assistance since the country's independence in 1971. Source: http://today.thefinancialexpress.com.bd/last-page/japan-intends-to-confirm-over-183b-in- aid-next-week-1527959411
GOVT EXTENDS TIMELINE TO JUNE 30: CONDENSATE ALLOCATION TO PRIVATE REFINERIES The government has further extended the current condensate allocation timeline to the privately- owned petrochemical refineries to June 30. The Energy and Mineral Resources Division (EMRD) under the Ministry of Power, Energy and Mineral Resources (MPEMR) in a meeting last week extended the timeline. The meeting also decided to allocate 500 tonnes of additional condensate to Super Petrochemical. The EMRD earlier extended the condensate allocation timeline to the private sector twice, initially to May 15 and later to May 31. The government has also planned to formulate a fresh policy to 'rationalise' distribution of condensate to the private petrochemical refineries to appease their grievances over limiting supply. The EMRD has already started working to prepare a draft of the policy, said a senior official. "We have increased condensate allocation of Super Petrochemical by cutting allocation of the state- run fractionation plants." "It is done, as the private refinery is producing light motor spirit (LMS), which is used as fuel in PT-6 training aircrafts," he added. Condensate is a low-density mixture of hydrocarbon liquids that are present as gaseous components in the raw natural gas produced from natural gas-fields. The country's privately-owned petrochemical refiners' alliance - the Petrochemical and Refiners Association of Bangladesh (PRAB) - has long been demanding higher allocation of condensate to ensure smooth operation of their factories. The alliance has been lobbying with the government high-ups to renew the refiners' contracts for getting supply of condensate from the state-run gas-fields for another five years. The officials concerned said currently some 13 privately-owned refiners are operating across the country. These refiners are receiving around 5,500 barrels per day (bpd) of condensate in total. The quantity is around 52 per cent of the country's overall output of around 10,500 bpd from the state-run natural gas-fields. The remaining condensate is being supplied to some seven state-run refineries or fractionation plants. A new state-owned fractionation plant is expected to be commissioned at Rashidpur in Sylhet by this month (June). The state-run Petrobangla earlier suspended supplying condensate to six private refineries in July 2016, as they were found supplying condensate to petrol pumps illegally without refining. The Petrobangla later resumed supplying condensate to the six firms from June 2017 after slapping several conditions to check their malpractices. The officials noted that most of the private refineries are producing petrol after refining condensate. The sharp fall in demand of petrol in the country was the main reason for limiting supply of condensate to the private firms, they added. Local car and jeep owners now prefer use of octane instead of petrol to keep their engines safe, which prompted the government to take the decision. The state-run Bangladesh Petroleum Corporation (BPC) had to stop import of petrol several years ago as the consequence. Instead, the BPC started importing octane in 2017, after ceasing its import for a couple of years, due to sharp rise in its demand, a senior BPC official said.
3 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 The local refiners are currently providing around 160,000-180,000 tonnes of petrol and 180,000- 200,000 tonnes of octane to the local market. He, however, said the consumption of petrol by cars and jeeps is declining, but it is increasing day by day by motorcycles. But once Petrobangla's plant in Rashidpur goes into production, it may affect the purchase of such products from the private refiners. Source: http://today.thefinancialexpress.com.bd/last-page/govt-extends-timeline-to-june-30- 1527959458
RMG INDUSTRY FACING TOUGH TIMES The country's readymade garment industry is now going through tough times, the BGMEA president said. "So, industry people seek cooperation of all in fighting all challenges ahead," he added. Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Siddiqur Rahman made the observations while speaking at an Iftar party and a doa mahfil organised at Hotel Radisson in the city on Friday night. BGMEA first vice president Moinuddin Ahmed (Mintu) welcomed distinguished guests and businesspeople at the function. It was attended by Chittagong City Corporation Mayor AJM Nasir Uddin, GOC of Cantonment Major General Jahangir Kabir Talukder, Chittagong Port Authority Chairman Commodore Zulfiquer Aziz, Deputy Commissioner of Chattogram Illyas Hossain, Chattogram Metropolitan Police Commissioner Iqbal Bahar and Commander of DGFI in Chattogram Brigadier General Adil Chowdhury. Additional DIG of Tourist Police Muslim Uddin, Abdul Hai Khan, PDB Chief Engineer Prabir Kumar Sen, Joint Commissioner of Customs Bond Kazi Farid Uddin, Director (traffic) CPA Golam Sarwar, SP of CID Md Nazmul Karim Khan, Director of Industrial Police Reaz Uddin Ahmed and councillors of Chittagong City Corporation also attended the function. BGMEA leaders Md Ferdous, Kazi Mahbub Uddin Jewel, AM Mahbub Chowdhury, Syed Md Tanvir, Amjad Hossain Chowdhury, Atikul Karim Khan, Enamul Haque Khan and former first vice presidents Md Shahjahan, Shahabuddin Ahmed Chowdhury, SM Abu Tayab, MA Salam and Nasir uddin Chowdhury were present. Source: http://today.thefinancialexpress.com.bd/trade-market/rmg-industry-facing-tough-times- 1527955512
UPCOMING BUDGET TO HAVE A NEW CLASSIFICATION SYSTEM The upcoming national budget will be placed before parliament under a new classification system. This will mark a departure from the old ways of presenting the same. Finance Minister AMA Muhith is expected to place the budget at Jatiya Sangsad on June 07 next. The new classification will give true pictures pertaining to expenditures and resource mobilisation, people familiar with the development told the FE.
4 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 They also said the new system will clearly highlight the liabilities of the government, which the existing budget structure fails to show. The new classification has been prepared in line with the International Monetary Fund (IMF)'s Government Finance Statistics (GFS) manual (2014). The system, a 56-digit chart from existing 13-digit, includes resource checking, regional resource distribution and quick analysis of budget features, a senior official at the finance division told the FE. "This is a more detailed reporting system intended to comply with international budgeting practices," said Md Saiful Islam, deputy chief of Public Expenditure Management Strengthening Programme, funded by the Ministry of Finance. The programme is technically being supported by the IMF. Mr Islam also said, "This is a step towards attaining accrual basis of the accounting system in the public finance." Bangladesh's accounting is cash-basis. The cash basis of accounting recognises the revenues when cash is received, and the expenses when they are paid. This method does not recognise accounts receivable or accounts payable. On transaction affairs, the budget usually had two heads: current expenditure and capital expenditure. Under the new system, there will have four broad categories of expenditures such as capital expenditure, current expenditure, financial assets and liabilities. On operational basis, the budget earlier had development and non-development expenditure. Under the new system, non-development expenditures will no longer be there. It will be replaced by operating expenditures. The operating expenditures will consist of four categories: general and administrative expense, special activity, support activities and local government transfer. Development expenditures usually consist of annual development programme (ADP) and non-ADP. But under the new classification, the ADP will consist of bloc allocation, study project, technical project and investment project. And non-ADP will have food for work programme and transfer, special project and scheme. On functional basis, Bangladesh's budget had no functional classifications. Under the new classification, there will be detailed functional basis in the next budget. For instance, cadet college expenditure was showed under the Ministry of Defence. Under the new system, this will be shown as education expenditure. Similarly, there are many health related expenditures which are usually showed as the expenses of the Ministry of Local Government, Rural Development and Cooperatives. Under the new system, expenses meant for health purposes will be shown under health related expenses. Source: http://today.thefinancialexpress.com.bd/public/first-page/upcoming-budget-to-have-a-new- classification-system-1527875729
5 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 WHEN ANOMALIES RULE WORK ON MATARBARI POWER PLANT The alleged sloppy work and anomalies have gripped the land development work for a coal-based power plant in southern Matarbari, officials said Friday. The allegations are levelled against the state-owned Coal Power Generation Company Bangladesh Limited (CPGCBL), the project implementer. They said the contractor in connivance with the staffers of the project implementing agency resorted to the irregularities involving the proposed site of the 1400 megawatts (mw) coal-fired power plant. In the first phase, the company will set up a 700MW unit in a joint venture (JV) with Singapore-based firm. The JV is now engaged in the development work. Estimated at Tk 8.16 billion, the first phase of the project involves land acquisition, development and feasibility study. Meanwhile, the state company has recently sought for revision of the project, hiking the cost to Tk 10.26 billion. The power division has recently formed a probe team, headed by one of its joint secretary, to investigate the issues relating to cost escalation. Project insiders said the barbed-fence, constructed last year to retain the project site, was in poor state. The pillar and barbed-fences were damaged in some places around the project site. The government allocated Tk 4.9 million funds for constructing the barbed-fence at the original development project proposal (DPP). Executive director (Planning and Development) of the company Md Nazrul Islam, however, told the FE over phone that he did not know about the anomalies or details of the project. "I prepared the Development Project Proposal (DPP). Recently, I have revised the original DPP," he told the FE. "Then I have sent it (revised version) to the planning ministry and the Planning Commission (PC) for its revision. But I don't know anything about the project execution in the field." Another government monitoring team of the PC found anomalies and sloppy work at the project at Matarbari. The contractor has built the embankment excavating earth from the site of the proposed plant, according to a preliminary monitoring report. The contractor is supposed to procure necessary earthen materials from outside the project site. The FE has received a copy of the report. The commission's monitoring team said the contractor has violated the DPP. Now it will require additional money for filling up the excavated land. The team after visiting the site in February reported that this was "a clear violation" of the deal with the contractor and public procurement law. The team assumed that the irregularities have been indulged in by a nexus between the site engineer of the project authority and the contractor. The commission team also found the DPP has been revised by the company, bringing changes in some areas of the projects. This resulted in cost spiral, the team said. At first, it sought Tk 639.4 million funds for the rehabilitation and compensation of the affected people at Matarbari. But in the revised DPP, the company has proposed raising the amount to Tk 2.01 billion for the same purpose. The means cost escalated by a whopping 214 per cent. Initially, the company followed the JICA's "Land Acquisition and Resettlement Action Plan 2013," where the cost was estimated much lower at Tk 639.4 million. Now as it has followed the JICA-funded Matarbari power plant project model for the same work.
6 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 Besides, the company proposed acquiring 1,429.24 acres of land, 94.75 acres more from the 1,334.49 acres, estimated originally. It enhanced the land acquisition cost to Tk 5.53 billion in the revised DPP from the original Tk 5.0 billion. The PC team expressed its dissatisfaction over the lesser payment to the affected people. The company and the district administration paid only 28 per cent of the total required fund until mid- 2017. Meanwhile, the company also spent Tk 2.66 million on the consultancy services for building a road, although there was no such provision in the original DPP. The commission team said that the proposed Tk 1.7 million consultancy services for constructing only two km approach road "seemed higher". The road located in an area that was not "so vulnerable". The commission officials said nobody could spend money on a fresh work that is not included in the DPP. In the original DPP, Tk 6.06 million had been earmarked as consultancy fees. In the revised DPP, the company has now sought Tk 14.6 million higher funds for the consultancy services. Another executive director (project) of the company Md Abdur Rouf told the FE they have sought revision of the project as they are forced to revise some components, considering the present reality. He denied that corruption or anomalies took place. "The contractor getting our conditional verbal order had excavated the land inside the project site instead of outside," he said. "Obtaining verbal order of the company high-ups, we had allowed the contractor to excavate the land inside the project site to meet emergency," he told the FE. But the condition is there to fill up the excavated land inside the site. "The contractor is bound to follow the condition. Otherwise, we won't pay the bill," the executive director said. A power division official said the ministry is investigating the anomalies. "If it is proved, we will go for tough action against the persons involved," he told the FE, preferring anonymity. A senior commission official said that the agency would proceed with the revision only after getting the investigation report of the power division. Source: http://today.thefinancialexpress.com.bd/public/last-page/when-anomalies-rule-work-on- matarbari-power-plant-1527876455
GOVT LIKELY TO ISSUE THREE-YR FLOATING RATE BOND The government is considering issuing a three-year floating rate treasury bond (FRTB), officials said. The Ministry of Finance (MoF) has already approved the manual of FRTB, they added. A circular has also been issued in this regard, paving the way for issuing such a debt instrument in the country. When contacted, a senior official of the Bangladesh Bank (BB) said, "At present, Bangladesh Government Treasury Bonds (BGTBs) having maturity periods of 2/5/10/15 and 20 years are available for investment." He added: "The nature of FRTB is different from current treasury bonds. So, we have proposed that the government should issue three/four-year maturity FRTB to differentiate it from existing ones." Besides, he said, the BB has sought a new code from the finance ministry for three-year FRTB. After its successful operation, another four-year maturity floating rate bond is likely to be issued later, the official said. The floating rate treasury bond is a debt instrument that pays periodic coupons linked with a specified reference interest rate.
7 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 The coupon rate changes periodically as the reference rate does. Bangladesh Compounded Rate (BCR) is known as the reference rate. Individuals and institutional investors, residents or non-residents will be free purchase and hold the bond. Apart from this, non-resident investors will be eligible to purchase FRTB with funds from non-resident foreign currency accounts or Non-Resident Investors Taka Accounts (NITA) with any bank in Bangladesh in the name of the purchasers. The maturity of the bond will be more than one year. The government will fix it from time to time. The coupon rate will be expressed as a summation of BCR and the spread, which is determined through auction. The coupon rate determined in auction will be fixed for the first quarter and reset on every coupon payment day for the next quarter, according to the BCR of that day. If the coupon payment date falls on a holiday, the BCR of consecutive business day will be applicable to re-fixing the coupon rate. On the basis of the bids received in auction, the cut-off rate will be determined by the auction committee. But bids higher than the cut-off rate will not be accepted. The successful bidder will pay the price equivalent to the cut-off rate that it quotes. The BB will publish the result on its website on the auction date. The secondary trading of the bond will be held freely in over-the-counter (OTC) market. The government borrows from scheduled banks through government T-bills and T-bonds and from the non-banking system mainly through National Savings Directorate (NSD) for meeting its budgetary deficit, an official of the finance division told the FE. He said shorter-maturity floating rate bond tends to have lower risks from the fluctuating interest rates. FRTB has lower risk of changing interest rates and it minimises the cost because the coupon is reset every three months, he said. "It will help curtail debt cost largely," he mentioned. Source: http://today.thefinancialexpress.com.bd/public/last-page/govt-likely-to-issue-three-yr- floating-rate-bond-1527876596
BHBFC GIVES MORE LOANS TO AREAS OUTSIDE DHAKA, CTG CITIES The disbursement of loans by Bangladesh House Building Finance Corporation (BHBFC) outside Dhaka and Chattogram metropolitan areas marked a significant rise in recent years. According to official figures, the state-run corporation gave loans amounting to nearly Tk 1.92 billion in the July-April period of the current fiscal year (FY) outside these two city areas. The amount was Tk 1.67 billion in the entire 2016-17 FY and Tk 1.38 billion in 2015-16 FY. On the other hand, the corporation disbursed loans amounting to 1.14 billion in 2017-18 FY for Dhaka and Chattogram metropolitan areas. The amount was Tk 1.11 billion in 2016-17 FY and Tk 1.09 billion in 2015-16 FY. Borrowers from outside these two metropolitan areas account for nearly 62 per cent of the total credit disbursed as of April in this fiscal year while the figure was 60 for the previous fiscal, the BHBFC data shows. The volume of loans sanctioned by the corporation for borrowers outside the two major cities also increased in the last few years. The corporation sanctioned loans amounting to Tk 2.22 billion in 2017-18 FY, compared to Tk 2.20 billion in 2016-17 FY. "We are giving priority to financing house building outside Dhaka and Chattogram metropolitan areas," BHBFC Managing Director Debasish Chakrabarty told the FE.
8 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 Keeping it in view, the BHBFC has planned to open 60 regional offices across the country, he mentioned. A person having a minimum monthly income of Tk 20,000 is eligible for BHBFC loans in areas other than the two major cities. The rate of interest on BHBFC loan in rural areas is 8.5 per cent while the figure for the borrowers in Dhaka and Chattogram cities is 9.5 per cent. The BHBFC MD also said the rate of loan recovery has now increased to around 93 per cent from 83 per cent five years ago. "Eighty per cent of the loan recipients are paying their installments regularly," he added. Currently, the BHBFC accounts for six per cent of the total credit in the house-building sector, he said and expressed the hope that the figure would reach 12 to 15 per cent shortly. When asked for comments, Policy Research Institute (PRI) executive director Ahsan H Mansur appreciated the growing disbursement of BHBFC loans for areas outside Dhaka and Chattogram metropolitan cities. However, he said, the fund size of the state-run corporation is not big enough to meet the demand of a large section of borrowers. The loan recipients would benefit more if the BHBFC could raise funds from the capital market as other financial institutions do, he pointed out. BHBFC officials also admitted that the fund size is a major challenge for them. Source: http://today.thefinancialexpress.com.bd/public/trade-market/bhbfc-gives-more-loans-to- areas-outside-dhaka-ctg-cities-1527869752
'FAST-TRACK' SEAPORT PROJECTS TREAD IN SLOW LANE The execution of two 'fast-track' seaport projects has been progressing at a very slow pace, according to relevant officials. Of the two, work on one project — the Sonadia deep-seaport -- has not yet started. Only recently, the development work at the site of another project — the Pyra seaport — has started. A top official at the ministry of shipping said the government is yet to decide whether it would set up the deep-seaport at Sonadia in the Bay of Bengal. Besides, the development work of the Pyra seaport has started well behind the schedule. In 2015, the government undertook a Tk 11.28 billion project for building the Pyra seaport by June 2018. Recently, the project has been revised, raising its cost to Tk 35 billion. The execution deadline has also been extended to 2020. The shipping ministry official said the government has failed to reach a consensus on setting up the deep-seaport at Sonadia, considering its possible environmental impact. Since the government is working on setting up the Pyra seaport and another port at Matarbari, it is treading at a slow pace on the Sonadia deep-seaport, another senior shipping ministry official said. "Basically, it's a big political decision on the part of the government," said the official. In its previous tenure, the Awami League-led government had undertaken 10 fast-track projects for the development of infrastructure, power, energy and shipping sectors. Under the fast-track programme, it had included the Sonadia deep-seaport and the Pyra seaport. Chairman of the Pyra Seaport Authority M Jahangir Alam told the FE that the agency had faced troubles in preparing work-programme for several components of the port project. "Now we are in a good position to start all the work of the port development phase by phase," he said. "We've already built the service areas at the port site. Now we are working towards acquiring 6,500 acres of land," he added. Mr Alam said the delay in initiating the capital dredging was the main obstacle to the port development.
9 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 But the setback is now over and the seaport authorities are going to sign an agreement with Belgian Jan De Nul for the dredging work on a public-private partnership (PPP) basis, the chairman said. Since the capital dredging could not be started, foreign companies did not come forward to invest in the port development. Now, he said, "I am hopeful about getting the investments after the dredging deal," he said. "I've targeted completing the capital dredging, an initial terminal, a coal terminal and the multipurpose terminal by 2020," Mr Alam said. The entire port development work will be completed by 2022, he said. It will be one of the largest port operation facilities in Bangladesh, the chairman said. About the Sonadia project, Mr Alam said the government has planned to transform the Pyra seaport into a deep-seaport in the near future. The shipping official said, "At this moment, the government has scrapped its decision to set up the deep-seaport at Sonadia." "There are some environmental issues here. The deep-seaport cannot be built now," he added. The government earlier decided to set up the Sonadia deep-seaport investing an estimate US$ 2.23 billion in the first phase to make it operational within five years from the start of construction. Source: http://today.thefinancialexpress.com.bd/public/first-page/fast-track-seaport-projects-tread- in-slow-lane-1527788946
LNG SUPPLY BEGINS JUN 12 The government has now set a target to start supplying regasified LNG (liquefied natural gas) to consumers from June 12, a senior official said. The LNG is being supplied one and a half months after its import from Middle-Eastern energy hub Qatar. "We hope everything will be in place by the time to supply the long-awaited regasified LNG to clients," the energy ministry official told the FE on Thursday. But the necessary pipeline is unlikely to be ready to evacuate the full regasified LNG supply capacity of the FSRU (floating, storage and regasification unit) from day one. It will be possible to evacuate only 60 per cent capacity of the FSRU for the gas-hungry Chattogram clients, the official added. The delay in the laying of pipeline along with tie-up and 'synchronisation' complexities has stalled the supply of LNG to clients over the past one month. The first LNG consignment from Qatar's RasGas Company Ltd reached Bangladesh on April 24. The US-based Excelerate Energy Bangladesh Ltd (EEBL) brought in its FSRU, Excellence, after loading 136,009 cubic metres of lean LNG from RasGas. But it has been alleged that Excelerate is yet to complete synchronising the FSRU with the pipeline. The official said the synchronisation and tie-up job is underway. Pipeline installation is also in progress. The construction of a 30-kilometre and 42-inch diameter Anwara-Fouzdarhat gas transmission line now seems to be a major hurdle to supply LNG beyond Chattogram. Officials said the state-run Karnaphuli Gas Distribution Company Ltd (KGDCL), the distributor for Chattogram region, will be able to consume only around 300 mmcfd with the existing pipeline. The KGDCL is responsible for supplying piped natural gas to Chattogram, Rangamati, Khagrachhari, Bandarban and Cox's Bazar districts. Petrobangla signed both 'terminal use' and 'implementation' deals with Excelerate on the project, titled 'Moheshkhali Floating LNG Terminal' on July 18, 2016. Excelerate built the regasification unit on the build, own, operate and transfer (BOOT) basis. It would charge $0.49 per mcf (1,000 cubic feet) against its service from day one. Petrobangla will buy the regasified LNG from the terminal on the take-or-pay basis, said the official. The local Summit group is building the country's second regasification unit at the same location- Moheshkhali island-in the Bay of Bengal.
10 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 Source: http://today.thefinancialexpress.com.bd/public/first-page/lng-supply-begins-jun-12- 1527789004
CHINESE FIRM-LED CONSORTIUM TO CARRY OUT FEASIBILITY STUDY The Bangladesh Railway (BR) signed on Thursday a contract with a Chinese firm-led consortium to carry out a feasibility study and detailed design work for a project on high-speed train linking Dhaka and Chattogram. The train will be operated on Dhaka-Chattogram route via Cumilla and Laksham with a view to reducing both time and distance. Project Director Mohammad Kamrul Ahsan and Business Manager of International Business Department of China Railway Design Corporation Liu Weicha signed the contract at the Rail Bhaban. Railways Minister Mujibul Haque witnessed the signing ceremony attended by senior officials of the ministry and BR. Speaking on the occasion, the railways minister said after installation of the high-speed train on the Dhaka-Chattogram route, both travel time and distance will be reduced significantly. The train will run at a speed of 200 kilometres (km) per hour and cover the distance between Dhaka and Chattogram in two hours, he added. As per the contract, China Railway Design Corporation will carry out the work in 18 months at a cost of Tk 1.02 billion. Under the initiative, the travel time of the high-speed train will be reduced to 230 kms from existing 321 kms as the new route will run from Dhaka to Chattogram via Cumilla/Laksham. The existing trains now use Dhaka-Tongi-Bhairab Bazar-Brahmanbaria-Comilla-Chattogram route. Currently, Suborno Express takes a minimum of 5.1 hours and Mohanagar Express takes a maximum of 7.3 hours to cover the distance. The initiative is also a part of the BR's master plan, he added. Among others, Rail Secretary M Mofazzel Hossain, Director General of BR M Amjad Hossain and representatives of consultancy service were present. Source: http://today.thefinancialexpress.com.bd/public/last-page/chinese-firm-led-consortium-to- carry-out-feasibility-study-1527789631
GAS CRISIS HALTS PRODUCTION AT SHAHJALAL FERTILIZER FACTORY Production at Shahjalal Fertilizer Factory in Fenchuganj here remained suspended for 40 days following an acute gas crisis, reports UNB. The newly-built factory is incurring a loss of Tk 50 lakh a day due to the suspension of production. Officials concerned here said they have no idea when the production will actually resume in the factory. They said the production in the factory came to a halt on April 23 due to inadequate supply of gas. The factory produces some 1,450 metric tonnes of fertilizer a day against its daily production capacity of 1,760 metric tonnes. Moinul Islam, executive engineer of the factory, said Bangladesh Chemical Industries Corporation (BCIC) asked them to stop the production following the nagging gas crisis. “We aren’t getting adequate gas supply from Jalalabad Gas. As a result, the production was suspended on April 23. There is a possibility to resume the production after Eid when the demand of gas may decline,” he said. Source: http://www.theindependentbd.com/post/152352
15PC VAT ON INTERNET USE LIKELY TO BE REMOVED IN NEXT BUDGET The posts and telecommunications and information and communication technology (ICT) minister, Mustafa Jabbar, said he expects good news for the telecom industry in the next budget.
11 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 “The internet is the driving force nowadays, and it is a long-standing demand of ICT trade bodies to remove or erase the 15 per cent value-added tax on internet use. Their demand is expected to be met in the upcoming budget,” the minister said. The cost of internet use will come down if the 15 per cent VAT is removed, he added. Telecom operators, however, said the government has to pay more attention to the ICT sector as it is a new sector. E-commerce-based entrepreneurs said they face a lot of problems to run their businesses, and require policy support. The Association of Mobile Telecom Operators of Bangladesh (AMTOB) recently placed a set of proposals on the budget before the National Board of Revenue (NBR). In the budget proposal, the association said the mobile phone operators invested a lot of money, even though all except Grameenphone could not make profits. The operators have to pay a lot for different kinds of taxes. They are investing a lot of money to build a network but could not make profits because the desired customer base has not been created, the association said. The association wanted the corporate tax on earnings of publicly listed and non-listed companies be brought down from 40 and 45 percent respectively to 25 and 35 percent. At present, mobile phone operators are supposed to pay Tk. 100 while issuing a new SIM. If the SIM is lost or damaged, the consumer has pay a tax of Tk. 100 for replacement. They demanded that the tax be scrapped in the next budget. The association’s proposal said the applicable 21.75 per cent tax on mobile internet use should be withdrawn so that mobile internet prices can be slashed, making its prices consistent with broadband price. The representatives of the telecom sector objected to the payment of supplementary duties and surcharges on mobile talktime. This kind of surge charges is not logical, they argued. Finance minister AMA Muhith has already hinted at a cut in corporate tax in the upcoming budget, admitting that the rates are much higher in Bangladesh. Bangladesh Association of Software and Information Services (BASIS) president Syed Almus Kabir said the software companies have to pay 10 per cent tax while exporting software even though the government has declared a tax holiday for the ICT sector. This is caused by an ambiguity in respect of tax holiday, he pointed out. He demanded a clear set of guidelines for a tax holiday. “Software companies, software developers and companies, and all information technology-related companies use the internet as raw materials but we have to pay 15 per cent VAT.” He added that prices of different kinds of products used in the sector have gone up. Amtob secretary TIM Nurul Kabir demanded the publication of a set of guidelines for the e-commerce sector to ensure that the promising sector flourishes. Source: http://www.theindependentbd.com/post/152332
NBR LIKELY TO GET REVENUE TARGET WORTH TK 291,000CR The National Board of Revenue (NBR) is likely to get a gigantic target to collect Tk 291,000 crore in revenue during the coming 2018-19 fiscal year,up 16.84 percent from Tk 248,190 crore of the current fiscal year, reports UNB. According to sources at the NBR, Finance Minister AMA Muhith has asked the revenue collecting authority to fix sector-wise targets, keeping the grand total at Tk 291,000 crore. In the outgoing fiscal 2017-18 fiscal year, the NBR got Tk 248, 190 crore as their target but it was brought down to Tk 223,000 crore in the revised budget. A senior official said that the NBR has started its work as per the directive of the Finance Minister and fixed the targets for income tax, VAT and Customs. In the coming fiscal year, the Value Added Tax (VAT) will be the highest revenue contributor with a 33 percent jump from the previous year's. The revenue collection target from VAT in 2018-19 fiscal is said to be Tk 110,000 crore.
12 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 The revenue target from income tax is Tk 98,000 crore while the target from customs is Tk 83,000 crore, with a 27.27 percent hike. The NBR official said the trend of revenue collection has been changing. After the independence, the revenue of the country was dependent on customs. But the scenario has changed in the last couple of years as revenue from income tax suppress the customs' collection, according to the official. "At present, VAT has become the highest revenue contributor," the NBR official said mentioning that VAT is the easiest process for revenue collection. "Each and every person of a society pays VAT, and it's easy to collect. That's why VAT is a popular process in the world for revenue collection." Meanwhile, the NBR has fulfilled its target to enlist new taxpayers for the 2017-18 fiscal well before the end of the fiscal year. The target was 5.26 lakh new taxpayers, as the revenue collecting authority enlisted 538,891 at the end of April. The NBR is also planning to include another 100,000 taxpayers under the tax net by the end of this outgoing fiscal. Currently, the number of eTIN holders in the country is 34.60 lakh, while the tax-GDP ratio is just over 10 percent. The NBR official said the number of taxpayers in the country is gradually increasing and it will not be a big deal forthe NBR to collect Tk 98,000 crore for the next fiscal. He mentioned that the NBR has decided to gear up its 'internal survey' apart from external one to enhance the revenue collection. Source: http://www.theindependentbd.com/post/152355
MEGA PROJECTS TO GET TK 29,675CR IN FY19 Seven large projects are likely to get Taka 29,675 crore in the upcoming budget for financial year 2018- 19 (FY19) for accelerating the implementation process of these ‘fast-track’ projects, reports BSS. “The government will allocate for the mega projects as per their demand. We want to implement the mega projects within the scheduled time for the benefits of the economy,” Finance Secretary Mohammad Muslim Chowdhury said. The mega projects are Padma Multipurpose Bridge, Padma Bridge Rail link, Dohazari-Cox’s Bazar- Gundum Rail Line, Rooppur Nuclear Power Plant, Matarbari Power Plant, Metro Rail and Payra sea Port. A senior official of the finance ministry said the government would continue financing these projects on priority basis and monitor their implementation closely since the timely implementation of the projects will ensure proper infrastructure which will help boost industrialization across the country. The senior official said the government will keep the highest allocation of about Taka 11,100 crore for the Rooppur Nuclear power plant to implement the project on scheduled for meeting the increasing demand for electricity. He said the plant is expected to add 2,400MW electricity to the national grid by 2024. The government is likely to allocate Taka 5,550 crore for the Padma Bridge Rail Link project, he informed. The official said the Padma Multipurpose Bridge is building with the government own fund while all the other projects are implementing with the support of bilateral and multilateral partners such as China, Japan and the Asian Development Bank. The Padma Multipurpose Bridge project is likely to get allocation of Taka 4,400 crore in the FY19, he added. The other projects are Dohazari-Cox’s Bazar-Gundum Rail Line (Taka 1,450 crore), Matarbari power plant (Taka 2,775 crore), Dhaka’s Metro Rail (Taka 3,900 crore) and Payra Deep Sea Port (Taka 500 crore). However, the official said, no allocation will be made for the three mega projects — Sonadia deep sea port, Rampal Power Plant and LNG terminal — as they are planned to be implemented on government- to-government (G2G) basis.
13 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 Source: http://www.theindependentbd.com/post/152223
PVT SECTOR CREDIT GROWTH REMAINS ABOVE BB TARGET Private sector credit growth declined for the second consecutive month in April but remained well above the central bank projected limit, thus nullifying banks owners’ claim of liquidity crisis. Year-on-year private sector credit growth stood at 17.65 per cent in April this year, according to a latest BB statement released on Thursday. The growth rate, however, is yet to come down within the central bank’s target of 16.8 per cent for the second half of the fiscal year 2017-18. The credit growth rate was 17.93 per cent in March. The central bank after its failure to keep private credit growth within its projected 16.3 per cent during the first half of the 2017-18 fiscal set an enhanced growth target for the second half. In the ongoing fiscal, the credit growth was above BB estimation in each month so far, while the growth was below 17 per cent for only one month — 16.94 per cent in July 2017. Asked about the reason behind the higher credit growth against BB’s projection, former advisor to the caretaker government Mirza Azizul Islam told New Age, ‘It is central bank’s inconsistent policy that was keeping private sector credit growth above its target.’ On the one hand, the central bank was projecting lower credit growth and on the other, allowing banks with additional funds from the cash reserve ratio (CRR) and giving more time to adjust the advanced deposit ratio (ADR). Therefore, the banks were giving more loans to their clients, said Islam, also former chairman of Bangladesh Securities and Exchange Commission. He also suspected that a portion of such loans might be laundered abroad ahead of the national polls or would be used in the elections. Bangladesh Bank officials said that preventing banks’ aggressive lending in apprehension that such loans might turn into classified ones within a very short time was another reason behind the central bank’s moves to reduce credit flow. To control the aggressive lending, the central bank immediately after its monetary policy statement in January this year instructed banks to reduce the ADR. The central bank asked the conventional banks to cut the ADR by 1.5 percentage points to 83.5 per cent from 85 per cent and the income deposit ratio (IDR) for Islamic banks to 89 per cent from 90 per cent. The deadline, however, was extended twice from June this year to March next year mainly due to the banks demand in this regard. Besides, the sudden rise in lending rate from around 7 per cent to above 15 per cent in a number of banks due to their desperate move to avail deposits for the adjustment of the ADR within the BB set deadline. After the instruction to adjust ADR, BB amid pressure from the bank owners reduced banks’ CRR by 1 percentage point to 5.5 per cent from 6.5 per cent. Besides, the central bank also allowed the banks to get higher amount of funds from government entities to contain the liquidity crisis. The BB data also showed that the outstanding private sector credit stood at Tk 8.81 lakh crore at the end of April this year. It also showed that the total domestic credit growth was 14.37 per cent in April with the total amount standing at Tk 9,72,474 crore. The government sector credit was negative by 14.92 per cent while other public sector credit growth was 14.72 per cent. Source: http://www.newagebd.net/article/42622/pvt-sector-credit-growth-remains-above-bb-target
14 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 ACCORD, ALLIANCE BEYOND DEC 31 NOT REQUIRED, SAYS TOFAIL Bangladesh commerce minister Tofail Ahmed on Thursday said the government had extended the time frame of two separate global retailer platforms — Accord and Alliance — for six more months and there was no possibility of further extension of the platforms after December 31 this year. ‘Bangladesh is a sovereign country. There is no such monitoring body like Accord and Alliance in any other countries in the world. Bangladesh will not require any Accord and Alliance after December 31 this year,’ the commerce minister said following a meeting with country’s readymade garment sector leaders on labour situation ahear of Eid-ul-Fitr held at Bangladesh Secretariat. He said the government formed Remediation Coordination Cell and the cell would take the factory safety responsibility from the Accord and Alliance. Following the Rana Plaza building collapse in April 2013 that killed more than 1,100 people, European retailer formed Accord on Fire and Building Safety in Bangladesh and North American buyers’ announced Alliance for Bangladesh Worker Safety undertaking a five-year plan, which set timeframes and accountability for inspections and training and workers empowerment programmes. The government extended Accord’s tenure for six more months in the second week of this month as the timeframe of the platform is going to end on May 31. This week, the government has also extended the timeframe of Alliance for six more months and the five year tenure of the platform would end on June 30. In the meeting Tofail instructed the employers to pay wages and festival allowances to the works in time so that no untoward situation takes place in the sector. He also urged the garment factory owners not to terminate any worker from his job before Eid to keep the labour situation stable in the sector. Shafiul Islam Mohiuddin, president of the Federation of Bangladesh Chambers of Commerce and Industries, said all the workers would get their wages and allowances before Eid and factory owners would not leave their office until making the payment to their workers. He, however, alleged that a quarter involved with foreign agencies is trying to ruin the growth of readymade garment industry. Md Siddiqur Rahman, president of Bangladesh Garment Manufacturers and Exporters Association, said that workers would be paid in due time before Eid. Some minor problems might be arisen in some small factories and the BGMEA is working with the factories closely so that no problems take place ahead of Eid, he said. Mansoor Ahmed, vice-president of Bangladesh Knitwear Manufacturers and Exporters Association, said that they received a list of 45 problematic factories from Industrial police and working on the units to ensure workers payment before Eid. He said that the BKMEA instructed all its member factories to make payment to the workers by June 14. Source: http://www.newagebd.net/article/42556/accord-alliance-beyond-dec-31-not-required-says- tofail
CUT CORPORATE TAX TO WOO BIG COMPANIES TO STOCK MARKET In a bid to lure multinational and large corporate companies into enlisting in Bangladesh’s stock exchanges, stakeholders are seeking a cut in the corporate tax rate for publicly listed companies in the upcoming budget for the 2018-2019 fiscal year. The supply of quality shares plays an important role in providing a much needed lift to the ailing stock market and attracting new investment to the capital market. Policy incentives could encourage multinational companies (MNCs) to be listed in stock markets, stock analysts and stakeholders say. Currently, publicly listed companies pay a minimum of 25% and a maximum of 45% tax based on their business category. As per the present tax policy, publicly listed banks, insurance, and non-banking financial institutions pay 40% corporate tax, while non-listed companies pay 42.5%.
15 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 Cigarette manufacturers and mobile phone operators currently pay 45% corporate tax. Excluding these sectors, other publicly traded companies pay 25% corporate tax, while non-listed companies pay 35%. Companies listed with stock exchanges enjoy a 10% rebate compared to non-listed companies. In the upcoming budget, stock market stakeholders urged the government to increase the existing rebate rate from 10% to 15%.
They also urged the government to reduce corporate tax for publicly traded companies from 25% to 15%. The stakeholders argued that if the government cuts corporate tax for the publicly traded companies, it would encourage more multinational companies and large corporate firms to enlist in the stock market, and the stock exchanges would turn into a viable source for raising funds. In recent years, the trend of raising funds through the stock market has seen a decline. In 2017, the Dhaka Stock Exchange (DSE) saw a sharp decline in fund raising using Initial Public Offerings (IPO), as it dropped by 74.18% to Tk219.25 crore.
In its budget proposal, the DSE urged the government to increase tax-free dividend income to Tk1 lakh from the existing TK 25,000, and to reduce tax at source on share transactions to 0.015% from the existing 0.05%. Meanwhile, the Bangladesh Leasing and Finance Companies Association (BLFCA) demanded the reduction of the corporate tax RATE for publicly traded companies to 25% from the existing rate of 40% in its proposal.
16 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 BLFCA also recommended that the corporate tax rate for the non-listed companies be reduced from the existing 42.5% to 35%. Source: https://www.dhakatribune.com/business/stock/2018/06/03/cut-corporate-tax-to-woo-big- companies-to-stock-market
BANGLADESH PER CAPITA INCOME TO SURPASS INDIA IN TWO YEARS In order to overtake its larger neighbour, Bangladesh will have to hold the GNI and GDP lead it has maintained over India in recent years Bangladesh’s per capita income will breeze past India’s by 2020, provided the country’s economy continues to deliver market beating growth statistics. In order to overtake its larger neighbour, Bangladesh will have to hold the GNI and GDP lead it has maintained over India in recent years. Bangladesh has already outperformed India in social indicators such as child mortality rate, gender equality, and life expectancy. According to data from the United Nations Conference on Trade and Development, Bangladesh’s per capita income went up by 39.11% to $1,355 in 2016 from $974 in 2013. Meanwhile, India’s per capita income moved up by 13.80% to $1,706 and Pakistan saw 20.62% growth to $1,462 over the same period. In the three years from 2013-2016, Bangladesh’s gross domestic product (at current prices) in dollar terms grew at a compounded annual rate (CAGR) of 12.9%, more than double the 5.6% by India. Bangladesh’s GDP has been showing steady growth in recent years. In the last fiscal year, Bangladesh witnessed a 7.28% growth in GDP, according to the Bangladesh Bureau of Statistics (BBS). In the budget for FY2018-19, Bangladesh is reportedly going to set a GDP growth target of 7.5%. Considering Bangladesh maintains the same growth gap in Gross National Income (GNI) and GDP with India, the country will overtake its larger neighbour in terms of per capita income by 2020, Centre for Policy Dialogue Research Director Khondaker Golam Moazzem told the Dhaka Tribune. An advantage for Bangladesh is that its economy has been doing well in recent times and growth may remain the same, the economist said. He added that while the future is bright for the country, the Bangladesh government should focus on employment generation to further increase per capita income. He also urged the government to ensure a business friendly atmosphere in order to increase private sector investment. The manufacturing industry, especially the country’s $28 billion RMG sector, has been one of the heaviest contributors to Bangladesh’s economic development. The RMG sector has benefited from China shifting its business focus towards more hi-tech and value added products due to increases in labour costs. According to a World Bank study, a 1% apparel price increase in China would create 1.36% additional demand for Bangladeshi products. Efforts to reduce child marriage, as well as increasing access to education, and financial inclusion for women, also played a role. Furthermore, the completion of mega projects, such as the Padma Bridge and the Dhaka-Chittagong highway, in the coming years is also set to give Bangladesh’s economy a boost. The government has also made it a priority to set up a number of Special Economic Zones across the country in an effort to boost investment. A key driver of economic growth in Bangladesh is its young population and the government’s efforts to engage them in information technology. The government has already established a Hi-Tech Park dedicated for the ICT sector. Source: https://www.dhakatribune.com/business/economy/2018/06/01/bangladesh-per-capita- income-to-surpass-india-in-two-years
17 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 EXPORT-ORIENTED INDUSTRY DEMANDS UNIFIED, LONG-TERM TAX POLICY The country’s export-oriented business community wants a unified and long-term tax policy in the next budget so that it can fulfil its export potential. The new budget, to be announced on June 7, will lay out the fiscal policy for 2018-19. In the previous budgets, the government offered a tax rate only valid for one year – sometimes it would go up or down the following year. But the businesspersons think short-term tax rates hinder long-term investment planning. This is why export-oriented entrepreneurs are demanding a long-term and unified tax rate and policy for their industry. They claim that this will increase the investment in the export sector and boost export earnings. “Frequent changes in policy as well as in tax rate hurt the viability of the business. It leaves the people in a dilemma about making a new investment,” Mohammad Hatem, a former vice-president of Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) told the Dhaka Tribune. Whatever the policy or tax rate is, it should be long-term for a certain period. The tax rate should be rational for the growth of the export-oriented industry, he added. A short-term policy consumes more time and money, discouraging new investment, he claimed. In the current budget, there are several rates for the export-oriented industry. People involved with sector have dubbed it an unhealthy practice, calling for a unified rate for the sector. The corporate tax for the garment industry is 12%, while for garment accessories, a backward linkage industry, it is 35%. “As a backward linkage industry, garment accessories, and packaging industry is contributing over $6.7 billion to RMG exports. Besides, we are currently exporting garment accessories products directly,” Bangladesh Garment Accessories and Packaging Manufacturers and Exporters Association (BGAPMEA) president Abdul Kader Khan told the Dhaka Tribune. The sector does not enjoy cash incentives against exports, he added, urging the government to make a unified tax rate for the sector as it is provoking uneven competition. “As it is export-oriented and the leading export earner, the RMG sector is paying 0.7% tax at source. But, it is fluctuating and every year the figure changes which hampers investment decisions,” BGMEA Senior Vice-President Faruque Hassan told the Dhaka Tribune. The BGMEA demanded zero tax at source for the apparel sector in its budget proposal for the next fiscal. Meanwhile, the business people said that every year, they submit their demands to the National Board of Revenue (NBR) but they are not reflected in the budget. “Bangladesh export earnings is dominated by the RMG sector which contributes over 82% to overall export earnings. In diversifying the export basket and promoting the emerging sector, the government’s tax policy should be equal for all,” former adviser to caretaker government ABM Mirza Azizul Islam told the Dhaka Tribune. Senior Economist at the Policy Research Institute Dr Ashikur Rahman said a long-term and unified tax rate is a logical demand of the business people. “Set a rate, whatever the government wants, but it should be for a certain period such as three to five years,” he added. This will help the business people measure costing based on it and make long-term business plans, Ashikur said. “In fixing corporate tax for the export-oriented industry, Bangladesh should consider the rates in countries with which it competes. Overall corporate tax is a little bit higher and I think, it could be reduced to give an incentive to the exporters,” he added. Source: https://www.dhakatribune.com/business/regulations/2018/06/01/export-oriented-industry- demands-unified-long-term-tax-policy
18 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 'BANGLADESH NEEDS LONG TERM POLICIES TO ATTRACT INVESTMENT' In an exclusive interview with the Dhaka Tribune’s Ibrahim Hossain Ovi, Exporters Association of Bangladesh President Abdus Salam Murshedy says that Bangladesh needs comprehensive foresight and long term investment policies to attract investment from home and abroad and retain economic growth for graduating to developing country status. Salam, also managing director of Envoy Textiles, talks about the upcoming budget as well What should the budgetary measures be to attract investment from home and abroad? Bangladesh is moving towards its goal of graduating to developing country status. In order to retain the development momentum and economic growth and make it sustainable, there is no alternative to new investments from home and abroad. Right now, Bangladesh needs a long term investment policy in the upcoming budget to attract Foreign Direct Investment (FDI) as well as local investments. Investment is the key to employment, so paving ways for investment will lead the GDP moving forward. To attract foreign investment, the government needs to build confidence of foreign investors by promoting local investment. What should the tax structure in the next budget be? Tax rate and structure should encourage investment with long term planning. To attract investment the government should offer an attractive package for the business community. I think, the tax rate should be fixed for at least five years and in some cases it could be longer as it helps to make a business plan with a vision. What should the key policy to attract investment be? The government should identify emerging sectors and then allocate land to them in the Special Economic Zones (SEZs) on a priority basis. It should implement the SEZs as soon as possible to build confidence as lengthy implementation may deter confidence. What should be taken into account for the export oriented industry? Currently Bangladeshi apparel makers are being certified by the buyers’ platform over workplace safety and workers rights. But, the manufacturers are facing price competitiveness in the global market. So, the government should continue the existing incentives and offer more policy support to reduce costs of production. What should the fiscal incentives be? Restoring discipline in the banking sector is imperative to ensure free flow of funds for investment. Keeping interest rates unchanged is a must as increases will raise the cost of doing business. The state- owned banks should also provide more investment along with the private sector. Source: https://www.dhakatribune.com/business/2018/06/01/bangladesh-needs-long-term-policies- to-attract-investment
BB TO JACK UP FARM LOAN TARGET The central bank plans to set the farm loan disbursement target for banks at Tk 21,500 crore for the next fiscal year, which is 5.39 percent higher than that of the current year. The disbursement target would be set in line with the requirement of the finance ministry, which will take into consideration the amount of outstanding loans and advances of banks as of April 30. Finance Minister AMA Muhith will announce the target in his budget speech in parliament on June 7, a Bangladesh Bank official told The Daily Star yesterday. The banking regulator is likely to revise the target slightly when the agricultural credit policy for the upcoming fiscal year will be finalised. According to the BB policy, every bank has to disburse at least 2 percent of its total loans to the agricultural sector. Banks met 88 percent of their annual farm loan disbursement target in the 10 months to April in the current fiscal year.
19 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 The BB official said the entire year's target will also be achieved as banks are showing growing interest in disbursement following good loan recovery. Source: https://www.thedailystar.net/business/bb-jack-farm-loan-target-1585519
LNG PRICE SHOULD BE RATIONAL The government should fix the rate of liquefied natural gas -- imported to ensure adequate energy supply to the gas-starved primary textile sector -- at a tolerable level, said a top textile entrepreneur. Some 196 members of Bangladesh Textile Mills Association have already received letters from different gas supplying companies like Titas Gas Transmission and Distribution Company informing them of resumption of their gas connections soon. The rate for LNG is likely to be fixed at more than Tk 14 per cubic metre and that of natural gas will also go up from the existing Tk 8 in keeping with LNG price. “Many of the textile millers might not afford this costly LNG,” Tapan Chowdhury, president of the BTMA, told The Daily Star in an interview last week. The reason being, the ultimate buyers are not ready to pay higher prices to the millers. “As a result, the garment makers will import the fabrics as they have bonded warehouse facility. And finally, the textile millers will lose the market to foreign companies.” The LNG price should be between Tk 9 and Tk 10 to attract investment, he said. “Many will set up new factories and many will expand the existing capacity, but if the rate is fixed high we cannot tap the benefits of the LNG import from Qatar. We have a lot of room for investment, especially in the weaving sector.” It takes at least Tk 500 crore to establish a spinning mill and the entrepreneurs have to take loans at high interest rates. “They should be given a special incentive like low-priced gas supply so that they are encouraged to invest.” Bangladesh has nearly 450 world-class spinning mills that are able to supply 80 percent of the yarn for the knitwear sector, while the weaving mills can supply 40 percent of the fabrics to the woven sector. The knitters are using the local yarn and fabrics due to satisfactory quality and shorter lead-time, he said. Chowdhury, also the managing director of Square Pharmaceuticals, went on to urge the government to make bank loans available at a lower interest rate. The sudden spike in interest rate is affecting businesses, he said, adding that the stockmarket has lost its credibility, so entrepreneurs have to turn to the banking sector for their financing needs. The lowering of corporate tax can be a good incentive for bringing more reputed companies to the stockmarket. “I am extremely proud as my group has two listed companies on the capital market. Our success was possible because of people's trust and confidence in us.” About Square Group, he said he has a plan to expand his business in areas like pharmaceuticals, textile and garment, and food and beverage. “The consumer market is very big -- both at home and abroad.” Square Group has 55,000 workers now and in the next five years the number will grow a lot, especially the white-collar ones, he said. It will also start production of pharmaceuticals in its plant in Kenya by the end of 2020. “Square Pharmaceuticals has a 20 percent market share in Bangladesh's medicine market -- it is difficult for us to grow any further here.” On the upcoming budget, Chowdhury said instead of collecting money from some companies the tax net should be widened. “Awareness-raising and open dialogues could be good measures for bringing in more people to the tax net.”
20 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 The business environment is good as there is no political unrest. “I hope the smooth environment will continue.” Source: https://www.thedailystar.net/business/lng-price-should-be-rational-1585456
E-GOVERNANCE STILL A FAR CRY The government had promised to disitalise all of its services to ensure e-governance by 2014 and Finance Minister AMA Muhith also reiterated it on several occasions in the past in his budget speeches. “We want to establish e-governance by 2014,” Muhith said in his budget speech for 2009-10 when the Awami League-led alliance swept to power nine years ago. Some progress is visible. But the government has not been able to live up to its promise in establishing e-governance, said researchers and digital business entrepreneurs. In the country's digital journey, the government has initiated e-tendering and electronic government procurement but failed to automate value-added tax and income tax filing system, said Ahsan H Mansur, executive director of the Policy Research Institute of Bangladesh. “Still, we are in the initial stage of adopting digital systems for the financial sector. Initiatives have been taken but they lack proper political concentration.” According to Mansur, the government has updated some of its business processes but still there is huge gap between the expectation and the reality. “The government made very high promises but very few of them have been achieved, especially when it comes to e-governance.” The former economist of the International Monetary Fund said he would give the government only 30 marks out of 100 for its efforts for digital transformation. He, however, praised the private sector for successfully introducing mobile financial services and ride- hailing services. Expectations about digital transformation are particularly high because there are about 8.60 crore active internet connections as of April, according to the Bangladesh Telecommunication Regulatory Commission. But these users do not have many things to avail from the connectivity. The ICT Division said the government has developed 200 e-services and more than 90 percent services will go live by 2021. Officials said the Access to Information (a2i) programme of the Prime Minister's Office has started training all the government officials on the digital system. The government has started e-filing systems and introduced digital signature, which has all the potential to boost transparency; but very few ministries have adopted it. Private firms are successfully providing e-ticketing services but Bangladesh Railway has not achieved that much success in the field. The government has done a lot for digitalisation but most of the work was carried out in a scattered manner, said Mahboob Zaman, managing director of DataSoft Systems Ltd. For example, the government has implemented some projects in partnership with major international companies, which failed to rope in local partners. As a result, there was no one to look after the projects when the foreign partners left after completing the projects, said Zaman, also a former president of the Bangladesh Association of Software and Information Services (BASIS). He advised the government follow “build, operate and transfer” model to reap more benefit from the digital projects. Zaman cited the setting up of about 5,000 digital union centres as one of the major successes of the government. DataSoft developed automation systems for the customs department and handed it over to the authorities concerned after running it for five years.
21 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 In his budget speech in 2009-10, Muhith had said the government will increase incentives for software industries and promote the use of indigenous software in government and private sectors. But, the government is still not procuring any local software, said Shameem Ahsan, also a former president of BASIS. “If local companies had the chance to run government projects, I can guarantee you that incidents like the Bangladesh Bank heist would not have taken place,” said Ahsan, referring to the BB reserve heist in 2016. He said many local companies are doing well abroad but they are not allowed to bid for government projects because of stringent conditions, Ahsan said. DataSoft is now establishing 10,000 smart homes in Tokyo using Internet of Things (IoT) solutions, what can be termed a spectacular leap for Bangladesh's IT industry. The company is also developing IoT solutions to manage the toll collection for a bridge in the Democratic Republic of Congo. The young government officials welcome the latest software and ICT services willingly, said Rashad Kabir, managing director of Dream71, which is working in nine countries. “But the main objections come from the mid- and high-level management, who struggle to understand and use the new software and ICT services.” Industry insiders said the government has developed 500 mobile applications but most of them are not functional and sometimes they contain backdated information. The government websites are not updated regularly and people cannot access most of the digital services. They even fail to lodge complaints. Telecom and ICT Minister Mustafa Jabbar said the government is now at the take-off stage on ensuring e-governance and will fly very shortly. “It is true that we may have failed to deliver the services to the end-users but we have learned how the services can be delivered. Mindset is also a problem and we are now working on it.” The minister said the government has rolled out the E-Government Master Plan, under which another 700 services will be digitalised with the help of the a2i programme within a short time. Source: https://www.thedailystar.net/business/e-governance-still-far-cry-1585525
EXPERTS CALL FOR BANKING REFORM COMMISSION Experts yesterday demanded that the upcoming budget contain a clear indication that a “banking reform commission” would be immediately formed to address the prevailing vulnerable situation in the banking sector. “The banking sector is passing a severe crisis moment due to different scams,” said Ahsan H Mansur, executive director of Policy Research Institute (PRI), while moderating a dialogue, “National Budget 2018-19: Thoughts at the last moment”. “So a banking commission is required to save the sector as it is an important engine for the economy,” he told the event organised by the PRI at Golden Tulip The GrandMark Dhaka in the capital's Banani. Echoing Mansur, Md Mozibur Rahman, former chairman of Tariff Commission, said, “If the sector continues to go through this situation for long, it would lead to the capsizing of the economy.” Stating that inefficiency is the main obstacle to the budget's implementation, he demanded a special allocation for efficiency improvement, reasoning that training was required to develop highly skilled manpower. Ghulam Rahman, president of the Consumers Association of Bangladesh (CAB), said local markets increased prices in response to that in the global market but the effect was not immediate when prices went down. He lauded government efforts in the last couple of years to bring a stop to a tendency to hike prices of essential commodities right after the budget was announced.
22 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 Mustafizur Rahman, distinguished fellow of the Centre for Policy Dialogue, expressed unhappiness over the implementation rate of fast-track projects, saying they were slow just like the annual development programme. The government allocated an estimated Tk 260,000 crore for 10 fast-track projects and though allocation for those increased in phases, implementation efficiency did not, he said. He suggested improving institutional capacity to implement the mega projects while forming a public expenditure commission to decide on the type of programmes to undertake. “The government should review the incentive structure in terms of strategic industrial and trade policy,” he said. Rahman also suggested allocating a particular amount in the budget giving priority to a special economic zone so that it becomes exemplary for others. Suhel A Chowdhury, a former commerce secretary, said there was a lack of efficient manpower in the government and efficient officials were not in the proper places. He also blamed inefficiency of the state machinery for the budget not being implemented properly. Asif Ibrahim, vice chairman, Newage Group of Industries Bangladesh, said the private sector was worried over the increase in bank interest rate and this was a bad sign for the economy and investment. The one-stop service of Bangladesh Investment Development Authority was also not efficient and this might be a bar to achieving the investment target, added Ibrahim, also a former president of the Dhaka Chamber of Commerce and Industry. He said the private sector was interested in paying taxes but were put off by the tedious payment procedures. Muhammad Abdul Mazid, former chairman of the National Board of Revenue (NBR), said there should be coordination between the tariff and customs policies so that businesspeople face no confusion and problems. Zaidi Sattar, chairman of PRI, stressed the need for export oriented growth. He said export-GDP ratio was declining and export growth has come down to a single digit. “We need 12 percent export growth to reach the 8 percent GDP growth target by 2021,” he said. Siddiqur Rahman Chowdhury, a former finance secretary, said there were a number of commitments in the last budget but there was no implementation afterwards. He said budgets should be big and ambitious but backed up with credibility. Shamsul Alam, energy adviser of CAB; Faisal Ahmed, chief economist of Bangladesh Bank; Ali Ahmed, chief executive officer of Bangladesh Foreign Trade Institute; Nazneen Ahmed, senior research fellow of Bangladesh Institute of Development Studies, and Sadiq Ahmed, vice chairman of PRI, addressed the programme. Source: https://www.thedailystar.net/business/experts-call-banking-reform-commission-1585516
MAJOR BRANDS FAIL TO JOIN BANGLADESH FACTORY SAFETY ACCORD Swedish furniture giant IKEA and American music mogul Sean "Diddy" Combs' clothing were among companies sourcing from Bangladesh that had failed to sign a new accord for the safety of millions of factory workers as it took effect on Friday. The new pact is a three-year extension of the Bangladesh Accord, a legally-binding agreement between global brands and trade unions drawn up after the Rana Plaza collapse, one of the worst industrial accidents in modern history. It established a fire and safety programme for the country's $28 billion a year textile industry, which employs about 4 million people. So far 175 of the 220 companies in the original accord have signed, but high-profile brands including Abercrombie & Fitch, Combs' Sean John apparel and Britain's Edinburgh Woollen Mill have not, the Clean Clothes Campaign said.
23 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 "(They) are doing themselves and their customers a disservice and are knowingly putting the lives of the workers producing for them at risk," said Christie Miedema of the Campaign, which lobbies to improve workers' conditions. More than 1,100 people were killed when the Rana Plaza factory complex collapsed in 2013, sparking outrage over poor working conditions in the garment sector. Since then Western brands that manufacture in Bangladesh have been under pressure to do more to ensure worker safety. Sean John did not respond to requests for comment and the Edinburgh Woollen Mill was not reachable. Abercrombie said it was reviewing the 2018 accord, while IKEA said it had chosen to focus on its own safety audit programme IWAY rather than signing up. Unlike the original accord, which expired on Thursday, the new one is open to non-garment companies like IKEA that produce home fabrics and textiles. Campaigners have urged them to sign up, arguing that other schemes such as IWAY lack transparency because they do not make inspection findings and reports public. "We operate on a highly competitive market, and for competitive reasons we don't hand out a list of our suppliers in Bangladesh or any other country," IKEA told the Thomson Reuters Foundation in an emailed statement. Bangladesh, which ranks behind only China as a supplier of clothes to Western countries, relies on the garment industry for more than 80 per cent of its exports. Source: https://www.thedailystar.net/business/major-brands-fail-join-bangladesh-garments-rmg- factory-safety-accord-1585207
BANKS CALL FOR MORE DOLLARS FROM BB Banks yesterday urged the central bank to inject more greenbacks into the market to address the shortage of the currency, brought on by higher import bills than export receipts in the past two years. They also urged the Bangladesh Bank to allow them to make flexible the bill for collection selling rate, which is the rate at which banks make import payments, as the current rate is not commercially viable for them. The demands were placed by the Association of Bankers, Bangladesh, a forum of managing directors of all private banks, in a meeting with the central bank high-ups at the BB headquarters in the city, said Syed Mahbubur Rahman, its chairman. The inter-bank rate and the BC selling rate have recently reached the same level, meaning banks are accruing huge losses. For instance, yesterday, the inter-bank exchange rate and the BC selling rate of the US dollar were both Tk 83.70. The market usually determines the BC selling rate in line with the market economy, but the central bank has informally been putting a cap on the rate of the US dollar for long to control the volatility in the foreign exchange market. The BB put a cap on the BC selling of the US dollar at inter-bank exchange rate plus Tk 2 on April 26 last year. In November last year, the banks decided not to sell US dollar at rates higher than Tk 83 following the central bank's request. The BC selling rate later increased to Tk 83.70 and has remained the same. The inter-bank exchange rate of the US dollar has also been maintaining an upward trend in the recent months. Yesterday it stood at Tk 83.70, up from Tk 80.57 a year earlier, according to data from the central bank. The BB is now supplying the US dollar but it was not sufficient given the large volume of import payments, said Rahman, also the managing director of Dhaka Bank. Exports have been maintaining a single-digit growth and imports double-digit growth and in the process have created a dollar shortage in the market, the ABB chairman added.
24 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 In the first nine months of the fiscal year, imports soared 24.25 percent year-on-year to $40.30 billion, while export earnings grew 6.98 percent to $27.09 billion. Between July 1 last year and May 30 this year, the BB sold $2.21 billion to banks. In contrast, it sold $175 million and purchased $1.93 billion during the course of fiscal 2016-17. The higher import payments and lower export earnings in the first nine months of the fiscal year also pushed the current account deficit to an all-time high of $7.08 billion. BB Governor Fazle Kabir presided over the meeting that was attended by City Bank Managing Director Sohail RK Hussain and Eastern Bank MD Ali Reza Iftekhar. Source: https://www.thedailystar.net/business/banks-call-more-dollars-bb-1584652
INTEREST PAYMENT TO GO UP 24PC The government's spending on interest payment is set to go up by 24 percent in the upcoming national budget compared to the previous year because of a rise in sales of costly savings instruments. On June 7, Finance Minister AMA Muhith will propose to allocate Tk 51,330 crore to pay interests in 2018-19, up from Tk 41,457 crore in the current fiscal year, according to an official of the ministry. According to a Bangladesh Bank report, government borrowing from savings instrument is increasing significantly as it carries relatively higher interest rate compared to other savings rates.
The rate of interest on savings certificates is about 12 percent whereas deposits in the banking sector offer 6 to 7 percent interest. After the Farmer's Bank scam and its failure to return depositors' money, more people are now tilting towards the savings certificates, which are deemed secure. The government has set a target to borrow Tk 30,150 crore by selling savings instruments and Tk 28,203 crore from banks in the current fiscal year. But it has not borrowed a single taka from the banking system in the first 10 months; rather, it repaid Tk 25,705 crore. However, the government sold savings instruments valued Tk 40,063 crore during the same period. The government pays 11-12 percent interest for savings certificates whereas it has the scope to borrow funds from the banking system at less than 3 percent. Because of the government's preference for savings certificates, almost half of the fund set aside for interest payment will be used for the savings tools in the current fiscal year. The finance division and a number of economists had pursued Muhith to cut the interest rate on savings certificates, but their efforts went in vain as he continues allowing it for the sake of low-income savers. However, Muhith, at various pre-budget meetings, said the government would review the savings instrument system to see whether any reform could be made. The minister also plans to set aside Tk 66,200 crore for salaries and allowances of 14 lakh public servants in the next fiscal year, up 70.20 percent from Tk 56,442 crore in the previous year.
25 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 The size of the next budget will be Tk 460,000 crore, said Muhith. However, a finance ministry official said the amount may hover between Tk 460,000 crore to Tk 470,000 crore finally. Like previous budgets, the minister will keep the budget deficit at 5 percent in 2018-19. Source: https://www.thedailystar.net/business/interest-payment-go-24pc-1584658
SMARTPHONE SALES DROP 8PC Smartphone sales fell 8 percent year-on-year to 17.22 lakh units in the first quarter this year thanks to a drastic fall in import of low-end devices. Overall mobile phone imports also fell 1.14 percent year-on-year to 79.74 lakh units in the three months to March. Despite the fall in the import amount, the value of the sets that were brought in has increased by 6.90 percent year-on-year to Tk 1,604 crore due to the customers' shift to high-end products. The industry has experienced the negative sales growth at a time when the number of 4G handset users is increasing by the day, top mobile phone importers said. Imports of handsets priced less than Tk 3,000 decreased about 90 percent to 18,500 units in the January-March period, according to a report of Bangladesh Mobile Phone Importers Association. Import of phones with price tags ranging from Tk 3,000 to Tk 4,500 also fell by 42 percent, according to the report. Counterpoint Research, a market research firm based in India, also confirmed the number. It, however, said the demand for 4G-enabled smartphones will pick up in the coming quarters with the expansion of the network coverage. Imports of handsets costing over Tk 20,000 saw a 61 percent rise while phones worth between Tk 4,500 and Tk 6,000 grew 58 percent. People now switch to high-end smartphones to use more mobile applications, said Jakaria Shahid, managing director of Edison Group, the parent company of market leader handset vendor Symphony. Shahid said internet users now look for bigger screens, which give a good visual experience for browsing videos, making the four-inch monitor almost obsolete. The bigger screens also help customers to enjoy better quality internet, said Shahid, also the general secretary of the BMPIA. Top local and international brands alike were affected by the drop in sales. However, Chinese handset maker Itel recorded a 564 percent year-on-year sales growth in the first quarter, capturing 10 percent market share. The company has already established a mobile phone assembly plant in the country, said Rezwanul Haque, CEO of Transsion Bangladesh Ltd, owner of Itel. “The price of Itel-branded products will further decline, as soon as the plant starts rolling.” As of April, the number of active mobile internet connections hit 8.01 crore and about 47 lakh new connections were added to the network in the last three months. In the country, around three crore active smartphones use eight crore SIMs that are connected with the internet, said Mahmud Hossain, chief corporate affairs officer of Grameenphone. “There are a huge number of people who still use feature phones to get access to internet,” said Hossain.
26 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 He said mobile phone operators have requested the government to reduce the tax on handset imports—which is 31 percent now—for the sake of digitisation. The higher import tax has encouraged some companies to start assembling handsets in the country. One such plant has already started operations. Source: https://www.thedailystar.net/business/smartphone-sales-drop-8pc-1584649
CUSTOMERS SWITCHING BANKS FREQUENTLY Customers switching from one bank to another became a more frequent sight in 2017 -- a development that is bound to induce soul-searching among banks on how they can provide better products and services. Last year, the customer exit rate was 12.5 percent, up from 8.6 percent in 2014, according to the survey “Sustainability in Service Quality and Customers Conformity: Drivers of Customers Loyalty to Banks”. The customer exit rate means that out of 100 customers about 13 switched to another bank. The number of accounts closed increased 58.65 percent from 2014 to 16.5 lakh in 2017, found the survey conducted by the Bangladesh Institute of Bank Management. Moreover, about 12 lakh people opened accounts but did not continue the relationship with the banks, which is three times higher than in 2014. For handling customer exit, 89 percent of the banks have complaint and suggestion box and 11 percent do not have such arrangement. Customer complaints shot up about 67 percent from fiscal 2016-17 to fiscal 2017-18, the report said. “This indicates the rise violations of customers' charter, rights and obligations.” Moreover, the involvement of bankers in the violation of laws and regulation and fraud forgery in providing quality services are remarkably increasing, it said. The study found that the number of surprise inspections to improve customer service slumped 65.79 percent to 300 in 2017 from a year earlier. It indicates that the banks are giving less importance to find the defects in customer service quality. The study also found that 41 percent of the banks do not exhibit or display the customer's right and obligation in bank branches. “The number of surprise inspections should be increased by the banks' top management,” said Khondkar Ibrahim Khaled, former deputy governor of Bangladesh Bank, at the unveiling of the report at a seminar held yesterday at the BIBM auditorium. Bankers will have to improve their behaviour to build strong relationships with clients, he added. Bank officers should be given more training on attaining customer satisfaction, said Faruq Mainuddin Ahmed, managing director of Trust Bank. Mohammad Tazul Islam, associate professor of BIBM, presented the research paper. Source: https://www.thedailystar.net/business/customers-switching-banks-frequently-1584628
ACCORD TO STAY FOR SIX MORE MONTHS: HC The High Court yesterday definitively extended the tenure of Accord for six more months effective from today, capping months of uncertainty surrounding the matter. The verdict was given out by Justice Syed Refaat Ahmed and Justice Md Salim of the Supreme Court. Earlier on May 10, the platform of 220 mainly EU-based retailers got the extension from the government to stay in Bangladesh for six more months after its original five-year tenure ends on May 31, only for it to be nulled by a High Court injunction six days later. On May 16 the bench of Ahmed and Salim had extended the restraining order on the government it gave out on April 4 -- following a writ petition filed by Chittagong-based Smart Jeans -- by three more months.
27 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 The restraining order meant the secretary to the ministry of labour and employment, inspector general of the Department of Inspections for Factories and Establishment and the secretary to the ministry of commerce could not extend the Accord's tenure. But now the issue has been sorted once and for all. The justices ordered the platform to rename it to 'Transitional Accord' and to work under the Transitional Monitoring Committee, said Md Yousuf Ali, an advocate of the Supreme Court. With the order of the court in place, the platform can continue its activities of inspection and remediation of its affiliated garment factories until November 30, he said. The Accord, which was formed in the wake of the Rana Plaza disaster in April 2013, has completed nearly 90 percent of the remediation works to enhance structural, fire and electrical safety in its 1,620 member factories. Meanwhile, Commerce Minister Tofail Ahmed at a press conference yesterday said the tenure of Accord will not be extended further after the expiry of the new six-month tenure. The Remediation Coordination Cell will pick up the baton from Accord and Alliance, the platform of 28 North American retailers formed to enhance garment factory safety in Bangladesh. The Alliance's tenure ends later this month and it will not seek further extension like its European counterpart. The cell was formed in consultation with the International Labour Organisation, Accord, Alliance, the government and Bangladesh Garment Manufacturers and Exporters Association. Source: https://www.thedailystar.net/business/accord-stay-six-more-months-hc-1584613
EC SERVER CRASH DISRUPTS SIM SALES Sales, deactivation and replacement services for mobile connections faced severe disruptions in the last two days because of slow response from the National Identification Data server of the Election Commission. The telecom operators have to use the server—which stores fingerprints of all people in the country— on a regular basis, as the government has made biometric registration mandatory for ownership of SIMs. But the operators repeatedly failed to access the server from Wednesday evening and things got worse yesterday, top officials of the telecom companies said. “Since yesterday noon, the response time from the NID server was very high. We have encountered many rejections as well,” said Taimur Rahman, spokesperson of Banglalink. “For this reason, we could not complete nearly 80 percent of the verifications, which caused dissatisfaction among our subscribers.” “The problem continued until 7pm yesterday. We urge the authorities concerned to look into the matter seriously to ensure quality services for all mobile subscribers,” he added. The operators said everyday they sell, deactivate or replace about 50,000 SIMs and the retailers and distributers were also hit by the server disruption. However, the Election Commission said to have no idea about the problem, saying there were no complaints from any part. A senior official of the commission said they needed to run maintenance work frequently and that might have been causing the disruptions. “Unfortunately, we experienced some server issues from the EC's end. Since January we have had around 10 such instances,” said Rahman, who is also the chief corporate and regulatory officer of Banglalink. Source: https://www.thedailystar.net/business/ec-server-crash-disrupts-sim-sales-1584610
HIGH TAX BARRIER TO HOUSING SECTOR DEV Commerce Minister Tofail Ahmed speaks at a roundtable titled ‘Real Estate Sector in National Economy’ at Dhaka Club in the capital on Saturday. Real Estate and Housing Association of Bangladesh (Rehab) and Centre for Communication Network (CCN) jointly organised the roundtable.
28 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 Commerce Minister Tofail Ahmed on Saturday extended his support to entrepreneurs’ demand for reduction in flat registration costs in housing sector. “15 percent tax on flat registration in housing sector does not match with the reality. There are many linkage industries to the sector which can not flourish due to the heavy taxation,” said the commerce minister while addressing a meeting in the capital. The Real Estate and Housing Association of Bangladesh (REHAB) organised the roundtable styled ‘Real Estate Sector in National Economy’ at Dhaka Club in the capital. The minister also assured the sector’s entrepreneurs that he will discuss the issue with high level of the government to reform the policy to give a boost to the housing and real estate sector. REHAB President Shamshul Arefin pointed out that there is no fixed allocation for supporting housing finance for the general people; however, the firms have counted 16 percent of tax on registration. He urged the government to bring the tax rate to 7 percent for flourishing the sector and generating more employment. Rehab Senior vice President Nurun Nabi Chowdhury said that interest rate on housing loan has crossed the single digit line. He demanded a trust of Tk 50,000 for development of the sector. FBCCI President Shafiul Islam Mohiuddin claimed that the price of raw materials including cement is ‘very high’ and the businesses should reorganize the price chart. Former Minister Kazi Firoz Rashid, Rehab First Vice President Liakat Ali Bhuiyan, Former Rajuk Chief Engineer Emdadul Alam, Amader Orthoneeti Editor Nayeemul Islam Khan, BARVIDA President Habib Ullah Dawn, Bangladesh Re-Rolling Mills Association Vice President Abu Bakar Siddique were, among others, on the occasion. Source: http://www.daily-sun.com/printversion/details/313105/2018/06/03/High-tax-barrier-to- housing-sector-dev
তিন বছপে ১ লাখ উর্যাক্তা তিতে কেরব তবডা শিশিত ত쇁ণদের উদেযোক্তো শিদেদে ততশরর জন্য েোাংলোদেি শেশন্দ োগ উ ন্ কততৃ পি (শেডো) এক綿 শেদিষ প্রকল্প িোদত শন্দ দে। এর মোধ্যদম আগোমী শতন্ েেদর এক লোখ উদেযোক্তো ততশর করদত চো শেডো। শেদেশি শেশন্দ োগ প্রশতষ্ঠোদন্র চোশিেো অন্ুযো ী োংদযোগ শিল্প োপদন্র মোধ্যদম এ উদেযোগ েো েো ন্ করো িদে। এদত েরোেশর শেদেশি শেশন্দ োগ (এফশডআই) আকতষ্ট করো েিজ িদে। আেোর টেকেই উ ন্ লিয (এেশডশজ) অজৃদন্ টেেরকোশর খোদতর শেশন্দ োগ েোড়োদন্োর টয লিয তোও েিদজ পূরণ িদে েদল মদন্ করদে শেডো। শেডোর পশরচোলক টতৌশিদুর রিমোন্ খোন্ এ শেষদ েমকোলদক েদলন্, েোাংলোদেদির ট ৌদগোশলক অে োন্ োদলো। মজুশর তু লন্োমূলক কম। এ েোড়ো এলশডশে শিদেদে অদন্ক েুশেধ্ো আদে। শকন্তু এফশডআই আিোন্ু쇂প আেদে ন্ো। এফশডআই আকতষ্ট করদত েযর্ৃ িও োর অদন্ক কোরদণর মদধ্য অন্যতম িদে- েড় শেশন্দ োগ প্রশতষ্ঠোদন্র োংদযোগ শিদল্পর উ ন্ ন্ো িও ো। এ দুেৃলতো দূর করদতই এ উদেযোগ টন্ও ো িদ দে। শতশন্ েদলন্, ২০১৬ েোদল শেডো গঠদন্র পর প্রর্ম টেোডৃ ে োদতই োংদযোগ শিল্প উ দন্র শেষদ শেদ্ধো টন্ও ো ি । এ উদেযোগ েো েো ন্ িদল টেশি-শেদেশি শেশন্দ োগ প্রশতষ্ঠোন্巁দলো টযমন্ তোদের প্রদ োজন্ী উৎপোেন্ েিদযোগী পোদে, টতমশন্ ন্তু ন্ উদেযোক্তোও ততশর িদে। পশরকল্পন্ো রদ দে, শলাংদকজ টডদ লপদমদের জন্য একেো ট ন্চোর কযোশপেোল গদড় টতোলো। টয তিশেল টর্দক ন্তু ন্ উদেযোক্তোরো তিশেল েিো তো পোদেন্। আর ন্তু ন্ উদেযোক্তোদের কোশরগশর েিতো উ দন্ এক綿 ন্ীশতমোলোর আওতো শেশন্দ োগ প্রশতষ্ঠোন্巁দলোদক েম্পতক্ত করো িদে। শে োগী ও টজলো পযৃোদ কোজ করদত এক綿 পূণৃো প্রকদল্পর মোধ্যদম উদেযোক্তো ততশর উদেযোগ টন্ও ো িদ দে। আিো করো যোদে দ্রুত প্রকল্প綿 েো েো ন্ শু쇁 িদে। টখোোঁজ শন্দ জোন্ো টগদে, প্রধ্োন্মন্ত্রী শেডোর টচ োরমযোন্ িও ো প্রকল্প綿 েতৃমোদন্ তোর অন্ুদমোেদন্র অদপিো রদ দে। প্রধ্োন্মন্ত্রীর অন্ুদমোেদন্র পর পশরকল্পন্ো কশমিদন্র অন্ুদমোেন্ েোদপদি প্রকল্প েো েো ন্ শু쇁 িদে। চলশত েেদরর জুলোই টর্দক ২০২০ েোদলর জুন্ পযৃ শতন্ েেদরর এ প্রকদল্প েয ধ্রো িদ দে ৫০ টকো綿 েোকোর কোেোকোশে। োংশিষ্টরো জোশন্দ দেন্, এ প্রকদল্প প্রশত টজলো একজন্ কদর টমোে ৬৪ জন্ মূল প্রশিিক র্োকদেন্। প্রশিিকরো উদেযোক্তো িদত আগ্রিীদের েোেোই টর্দক শু쇁 কদর প্রশিিণ এমন্শক েো েশ শিক কোদজও েিো তো করদেন্। প্রদতযক টজলো প্রশত মোদে দুদেো কদর েযোচ প্রশিিণ পোদে। প্রশত েযোদচর েেেয িদে ২২ জন্। শেন্োমূদলয ২২ শেদন্র প্রশিিণ পোদেন্ উদেযোক্তো িদত আগ্রিী ত쇁ণ-ত쇁ণীরো। এই প্রশিিদণ েযেেো শু쇁 করদত প্রর্দম কী করদত ি , কী োদে েযেেো শু쇁র কোজ巁দলো করো যোয, েযেেো শু쇁র জন্য প্রদ োজন্ী কোগজপত্র ও পশরকল্পন্ো কী োদে ততশর করদত ি , টকোন্ খোদতর েযেেোর জন্য টকোর্ো কী কী কোজ করদত িটে- এেে টিখোদন্ো িদে। এরপর অশ জ্ঞ েযেেো ীদের েদ োংদযোগ কশরদ টেও ো িদে প্রশিিণ গ্রিণকোরীদের। প্রশিিণ টিদষ যখন্ টকোদন্ো েযশক্ত তোর েযেেোশ ক পশরকল্পন্ো ততশর করদত পোরদে, তখন্ তোদক অর্ৃো দন্র শেষদ েিদযোশগতো করদে শেডো। একইেদ তোদক েোজোদরর েদ েম্পতক্ত কদর টেও ো িদে। প্রকদল্পর জন্য শেডো ইশতমদধ্য এক綿 পর্ন্কিো ততশর কদরদে।
29 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 Source: http://www.samakal.com/todays-print-edition/tp-industry-trade/article/180629/শতন্-েেদর-১-লোখ-উদেযোক্তো-ততশর-করদে- শেডো
আকারে বারে বারেট বাস্তবায়রন পেছায় টেদি েোদজে েো েো দন্র িোর েদ োষজন্ক ন্ । খরচ করদত ন্ো পোরোর আিঙ্কো েেদরর মোঝোমোশঝ আেোর েোদজে োংদিোধ্ন্ কদর েরকোর। েের টিদষ োংদিোশধ্ত েোদজদের অর্ৃও েরকোর পুদরোপুশর খরচ করদত পোদর ন্ো। গত কদ ক েেদরর েোদজে েো েো দন্র শচত্র শন্দ অেদ োষ জোশন্দ দেন্ অর্ৃমন্ত্রী আেুল মোল আেদুল মুশিত শন্দজও। গত ২৮ টম এক অন্ুষ্ঠোদন্ অর্ৃমন্ত্রী েদলন্, েোদজে েো েো দন্র িোর প্রশতেের কমদে। একেম ৯৩ টর্দক ৯৫ িতোাংি েোদজে েো েো ন্ িদতো। এখন্ টেেো ৮০ িতোাংদি টন্দম এদেদে। পশরকল্পন্ো মন্ত্রণোলদ র েো েো ন্, পশরেীিণ ও মূলযো ন্ শে োদগর (আইএমইশড) তর্য মদত, গত অর্ৃেেদর েোশষৃক উ ন্ কমৃেূশচ (এশডশপ) েো েোশ ত িদ দে ৮৯ িতোাংি। তোর আদগর েের ৯২ িতোাংি, তোর আদগর েের ৯১ িতোাংি এোং ২০১৩-১৪ অর্ৃেেদর এশডশপ েো েো ন্ িদ শেল ৯৩ িতোাংি। আর চলশত অর্ৃেেদরর ৯ মোদে খরচ িদ দে এশডশপর মোত্র ৫২ িতোাংি অর্ৃ। এ অে ো েোদজদের আকোর েোড়োদন্োর পোিোপোশি েোদজে েো েো দন্র েিমতো েোড়োদন্োর তোশগে শেদ দেন্ অর্ৃন্ীশতশেে, েোদেক আমলো ও েযেেো ী প্রশতশন্শধ্রো। তোোঁরো েদলদেন্, েরকোর প্রশতেের ঢোউে আকোদরর েোদজে শেদ কতশতত্ব টন্। শেশ মিল টর্দক েোিেো টেও ো ি । শকন্তু টয েোদজদের েড় এক綿 অাংি অেযেহৃত টর্দক যো , টে েোদজদের কতশতত্ব শন্দ প্রি তু দলদেন্ অর্ৃন্ীশতশেে ও েযেেো ীরো। গতকোল িশন্েোর েোদজে শন্দ এক টগোলদেশেল তেঠদক তোোঁরো এ প্রি টতোদলন্। রোজধ্োন্ীর েন্োন্ীদত টিোদেল টগোদেন্ 綿উশলদপ ওই টগোলদেশেল তেঠদকর আদ োজন্ কদর টেেরকোশর গদেষণো োং ো পশলশে শরেোচৃ ইন্শি綿উে (শপআরআই)। শপআরআইদ র শন্েৃোিী পশরচোলক আিেোন্ এইচ মন্েুদরর েঞ্চোলন্ো ‘জোতী েোদজে ২০১৮-১৯ টিষ মুিূদতৃর োেন্ো’ িীষৃক টগোলদেশেল তেঠদক অর্ৃন্ীশতশেে, েোদেক আমলো ও েযেেো ী প্রশতশন্শধ্রো েদলন্, ৮ িতোাংি শজশডশপর প্রেতশদ্ধ অজৃন্ করদত চোইদল েোড়োদত িদে রপ্তোশন্ প্রেতশদ্ধ। ন্তু ন্ কমৃোং োন্ ততশরর ওপর শেদত িদে শেদিষ ন্জর। েরকোদরর টমগো প্রকল্প巁দলো েো েো দন্ েোড়োদত িদে প্রোশতষ্ঠোশন্ক েিমতো। েযশক্ত খোদতর শেশন্দ োদগ আন্দত িদে গশত। রোজস্ব আিরণ শজশডশপর অন্ুপোদত েোড়োদত িদে। এ েোড়ো েযোাংক োংস্কোদর কশমিন্ গঠন্, েুষ্ঠু োদে প্রকল্প েো েো দন্ েরকোশর-টেেরকোশর শমদল কশমিন্ গঠন্, শিিো খোদত টকৌিল পশরেতৃন্, েরকোশর কমৃকতৃোদের েিমতো েোড়োদন্োর ওপর টজোর শেদত েদলদেন্ অর্ৃন্ীশতশেে, আমলো ও েযেেো ীরো। েোদেক অর্ৃেশচে শেশি嗁র রিমোন্ টচৌধ্ুরী েদলন্, ‘প্রশতেের েোদজদের আকোর েোড়দে। শকন্তু টে েোদজে শক েো েো ন্দযোগয? টিোন্ো যোদে, আেদে েোদজদের আকোর িদত পোদর চোর লোখ ৬০ িোজোর টকো綿 েোকোর টেশি। শকন্তু আপশন্ টয েড় অদঙ্কর েোদজে শেদেন্, েের টিদষ টে綿 শক খরচ িদে? গত েের েোদজে শেল শতন্ লোখ ৪০ িোজোর টকো綿 েোকো। টেখোদন্ টেদন্েু দন্ খরচ িদ দে দুই লোখ ৮৩ িোজোর টকো綿 েোকো। চলশত অর্ৃেেদরর েোদজদের আকোর চোর লোখ টকো綿 েোকোর শকেু টেশি। েের টিদষ টেখো যোদে েদেৃোচ্চ খরচ িদ দে শতন্ লোখ ৩০ িোজোর টকো綿 েোকোর মদতো। তোিদল এত শেিোল অদঙ্কর েোদজে ট োষণোর অর্ৃ কী, যশে আপশন্ টেেো খরচই করদত ন্ো পোদরন্?’ েো েতোর শন্শরদখ েোদজে প্রণ দন্র পরোমিৃ টেন্ শতশন্। কন্জুযমোরে অযোদেোশেদ িন্ অে েোাংলোদেদির (কযোে) ে োপশত টগোলোম রিমোন্ েদলন্, ‘একেো েম শেল যখন্ টেদি েোদজে ট োষণোর পর েলো িদতো গশরে মোরোর েোদজে। েে পদণযর েোম টেদড় টযত। এখন্ অেিয টে অে োর উ শত িদ দে। এখন্ েোদজে ট োষণোর পর েলো ি েযেেোেো ে েোদজে। শকন্তু টকউ েদল ন্ো েোদজে ট োক্তোেো ে। আ জৃোশতক েোজোদর েে ধ্রদন্র পদণযর েোম এখন্ শ শতিীল। শকন্তু েোাংলোদেদি তোর প্র োে টন্ই। পদণযর েোম কদম ন্ো। শকন্তু যখন্ আ জৃোশতক েোজোদর পদণযর েোম েোদড়, তখন্ আমোদের েযেেো ীরো প্রশতদযোশগতো শেদ েোম েোড়ো । এেো অনন্শতক।’ কযোদের জ্বোলোশন্ উপদেষ্টো ড. িোমেুল আলদমর মদত, ট োক্তো কখদন্ো তুৃ শকর েুশেধ্ো পো ন্ো। টয তুৃ শকর েুশেধ্ো ট োক্তো পো ন্ো, তোর টযৌশক্তকতো শন্দ ও প্রি টতোদলন্ শতশন্। েোম শন্ধ্ৃোরদণ েরকোশর োং োর কোে টর্দক ন্যোযয আচরণ পোও োর অন্ুদরোধ্ জোন্োন্ িোমেুল আলম। শতশন্ অশ দযোগ কদর েদলন্, ‘জ্বোলোশন্র েোম শন্ধ্ৃোরদণ ট োক্তো অন্যো, অন্যোযয ও অদযৌশক্তক শেদ্ধোদ র শিকোর িদে। শেদুযদতর েোম কমোদন্োর কর্ো েলশে। শেচোর টিষ, শকন্তু রো ি শন্। শেদের আর টকোদন্ো টেদি এমন্ আদে শক ন্ো, শেচোর টিষ শকন্তু রো ি ন্ো!’ ঢোকো টচম্বোর অে কমোেৃ অযোন্ড ইন্ডোশির (শডশেশেআই) েোদেক ে োপশত আশেফ ইব্রোশিম েদলন্, ‘েযোাংদকর েুদের িোর টেদড় যোও ো একেো অিশন্ োংদকত। েযোাংক巁দলো আমোদের প্রশতশ্রুশত শেদ শেল, েুদের িোর কমোদে। শকন্তু টে প্রশতশ্রুশত তোরো পূরণ কদরশন্। েুদের িোর এখন্ পযৃ কদমশন্। েেদরর পর েের ধ্দর আমরো েযেেো ীরো একই েোদের শন্দচ েে টেেো পোও োর জন্য গলো ফো綿দ শচৎকোর কদর আেশে, শকন্তু ও োন্ িপ েোশ ৃে এখদন্ো কোযৃকর ি শন্। ফদল েরকোদরর শেশ োং োর অশফদে শগদ আমোদের ি রোশন্র শিকোর িদত ি । গযোে োংদযোগ ও অেকোঠোদমো দুেৃলতো রদ ই টগদে।’ এেে কোরদণ েযশক্ত খোদতর শেশন্দ োগ শের িদ আদে েদল মত টেন্ শতশন্। আশেফ ইব্রোশিম অশ দযোগ কদর েদলন্, ‘আমোদের েযেেোোংক্রো খরচ টেদড় টগদে। েরকোর েোরো টেদি ১০০綿 অর্ৃনন্শতক অঞ্চল প্রশতষ্ঠোর ট োষণো শেদ দে। শকন্তু এখন্ পযৃ এক綿ও পুদরোপুশর চোলু ি শন্। েরকোদরর এক োং োর েদ আদরক োং োর যতেু 嗁 েমন্ব র্োকো জ쇁শর তো-ও টেখদত পোশে ন্ো।’ েযেেোোংক্রো খরচ টকন্ টেদড়দে, অর্ৃঋণ আেোলদত টকন্ েেদরর পর েের ধ্দর মোমলো ঝুদল র্োদক, চু শক্ত করদত টকন্ এত েম লোদগ, েুিোেন্ টকন্ এত দুেৃল—এেে প্রি টতোদলন্ শতশন্। একই েদ শতশন্ েরকোদরর কোদে শতন্綿 েুপোশরি তু দল ধ্দরন্। টে巁দলো িদলো—প্রর্মত েযোাংক খোত োংস্কোদর এক綿 কশমিন্ গঠন্; শিতী ত েরকোদরর চলমোন্ প্রকল্প巁দলো যোদত 膿ক েমদ টিষ করো যো টে জন্য েরকোশর ও টেেরকোশর োং োর েমন্বদ এক綿 কশমিন্ গঠন্ এোং তত তী ত েরকোশর েয কশমিন্ গঠন্। শপআরআই টচ োরমযোন্ ড. জোঈেী েোিোর েদলন্, েোম্প্রশতক েের巁দলোদত টমোে টেিজ উ重পোেন্ (শজশডশপ) অন্ুপোদত টেদি রপ্তোশন্ েোড়দে ন্ো। েরাং কমদে। অর্চ ন্ব্বইদ র েিক টর্দক টেদি শজশডশপ অন্ুপোদত রপ্তোশন্ েোড়শেল। তোোঁর মদত, টেদি রপ্তোশন্দত োেো পড়দত শু쇁 কদর ২০১২ েোল টর্দক। টে ধ্োরো অেযোিত আদে। শতশন্ েদলন্, ‘আমোদের এক টপোিোক খোত এখদন্ো প্রধ্োন্ রপ্তোশন্শন্ ৃর পণয। পণয রপ্তোশন্ েহুমুখীকরদণর কর্ো শুন্শে, শকন্তু টে綿 েো েোশ ত িদে ন্ো। অর্চ েোাংলোদেিদক িদত িদে রপ্তোশন্মুখী প্রেতশদ্ধর টেি। আজদকর েশিণ টকোশর ো, চীন্ গদড় উদঠদে রপ্তোশন্মুখী প্রেতশদ্ধর কোরদণ।
30 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 আপশন্ ৮ িতোাংি শজশডশপর প্রেতশদ্ধ অজৃদন্র স্বপ্ন টেখদেন্। এই প্রেতশদ্ধ অজৃন্ করদত িদল আপন্োদক অেিযই রপ্তোশন্ প্রেতশদ্ধ েোড়োদত িদে।’ ন্ীশত প্রণ দন্ টকোর্ো গলে তো খুোঁদজ টের করদত েরকোদরর প্রশত আহ্বোন্ জোন্োন্ শতশন্। টেেোর ফর পশলশে ডো লদগর (শেশপশড) ে োন্ী টফদলো ড. টমো োশফজুর রিমোন্ েদলন্, েরকোর প ো টেতু , 쇂পপুর, টমদরো টরল প্রকল্পেি ১০綿 প্রকল্পদক অগ্রোশধ্কোর প্রকল্প শিদেদে ট োষণো শেদ দে। এেে প্রকদল্প খরচ িদে দুই লোখ ৮০ িোজোর টকো綿 েোকোর মদতো। শকন্তু প্রোশতষ্ঠোশন্ক েিমতোর অ োদে এেে প্রকল্প দ্রুতগশতদত এদগোদে ন্ো। এেে প্রকদল্পর েো েো ন্ িোর কম। এদত একশেদক টযমন্ প্রকদল্পর েয েোড়দে, টতমশন্ টম োেও। ফদল প্রকদল্পর েুফল পোও ো টর্দক েশঞ্চত িদে মোন্ুষ। প্রেতশদ্ধ অজৃন্ও েযোিত িদে। টমো োশফজুর রিমোন্ েদলন্, ‘প্রকল্প যত কম টন্ও ো যো , তত োদলো। শকন্তু প্রকল্প অন্ুদমোেন্ টেও ো িদে টেশি। এদত েরকোদরর আশর্ৃক িত লো ন্ষ্ট িদে। কোরণ আপশন্ েে প্রকদল্প েমোন্ 巁쇁ত্ব শেদত পোরদে ন্ো। ন্োমকোও োদ েে প্রকদল্প শকেু েোকো েরোি শেদেন্। ফদল এেে প্রকল্প শন্ধ্ৃোশরত েমদ টিষ িদে ন্ো।’ শতশন্ আদরো েদলন্, েরকোর েোরো টেদি ১০০綿 অর্ৃনন্শতক অঞ্চল করোর উদেযোগ শন্দ দে, শকন্তু টকোদন্ো অগ্রোশধ্কোর টন্ই। অ তপদি যশে এক綿 অর্ৃনন্শতক অঞ্চলদক মদডল ধ্দর চোলু করো টযত, তোিদল েযেেো ীেি েোরো শেদে প্রচোর করো টযত ওই অর্ৃনন্শতক অঞ্চদলর মদডল শন্দ। শকন্তু এত েের িদ টগল এখন্ পযৃ এক綿 অর্ৃনন্শতক অঞ্চলও চোলু ি শন্। কোরণ অগ্রোশধ্কোর 膿ক টন্ই। এক綿 অর্ৃনন্শতক অঞ্চল চোলু কদর টে綿দক মদডল ধ্দর কোজ করোর আহ্বোন্ জোন্োন্ এই অর্ৃন্ীশতশেে। েোাংলোদেি ফদরন্ টরড ইন্শি綿উদের (শেএফ綿আই) প্রধ্োন্ শন্েৃোিী কমৃকতৃো আলী আিদমে েদলন্, ‘েশিণ এশি োর টেি巁দলোর রোজস্ব আেোদ র িোর আমোদের টচদ টেশি। ু েোন্ ও টন্পোদলর মদতো টেদি আমোদের টচদ টেশি রোজস্ব আেো ি । শেষ 綿 লজ্জোর। টন্পোদল রোজস্ব আেোদ র িোর শজশডশপর অন্ুপোদত প্রো ১৯ িতোাংি। ু েোদন্ ১৩ িতোাংি। অর্চ আমোদের টেদি মোত্র শজশডশপর অন্ুপোদত ১০ িতোাংি।’ শতশন্ প্রি টরদখ েদলন্, ‘যোরো কর টেও োর টযোগয, টকন্ তোদের কোে টর্দক আমরো কর আেো করদত পোরশে ন্ো?’ রোজনন্শতক েশেেো ও িশক্তিোলী প্রশতশ্রুশত েোড়ো কদরর আওতো েোড়োদন্ো ে ে ন্ েদল ম েয কদরন্ শতশন্। শপআরআইদ র োইে টচ োরমযোন্ েোশেক আিদমে েদলন্, ‘েতৃমোন্ েরকোদরর গত আে অর্ৃেের পযৃোদলোচন্ো কদর টেখো টগদে, শজশডশপর অন্ুপোদত কদরর আওতো েোদড়শন্, েরাং কদমদে। যশেও ন্ন্-েযোক্স টেদড়দে। আপশন্ যশে কদরর আওতো েোড়োদত ন্ো পোদরন্, তোিদল স্বো য ও শিিো খোদত েরোি েোড়োদেন্ শক োদে? অর্চ এ দু綿 খোদত েরোি েোড়োদন্ো জ쇁শর।’ স্বো য ও শিিো খোদত েরোি েোড়োদন্োর েোশে জোন্োদন্োর পোিোপোশি কদরর আওতো েোড়োদন্োর কর্োও েদলন্ এই অর্ৃন্ীশতশেে। েোাংলোদেি উ ন্ গদেষণো প্রশতষ্ঠোদন্র (শেআইশডএে) গদেষণো পশরচোলক ড. ন্োজন্ীন্ আিদমে েদলন্, টেদি েুিোেদন্র মোরোত্মক অ োে পশরলশিত িদে। আদে েিমতোর অ োেও। েোমোশজক েুরিো টকৌিলপদত্রর আওতো যোরো পড়োর কর্ো ন্ তোদের তোশলকো টেখো যোদে। আেোর যোরো পোও োর টযোগয তোরো েোে পড়দে। েোদজদে প্রশতেের শিিো ও স্বো য খোদত কম েরোি টেও ো ি েদল অশ দযোগ কদরন্ শতশন্। আেদে েোদজদে এই দু綿 খোদত পযৃোপ্ত েোকো টেও োর আহ্বোন্ জোন্োন্ শতশন্। েোদেক দুই েশচে টেোদিল টচৌধ্ুরী ও আেদুল মশজে মদন্ কদরন্, েোদজে েো েো দন্ যদর্ষ্ট েিমতোর অ োে আদে। প্রশিিদণর মোধ্যদম েরকোশর কমৃকতৃোদের েিতো েোড়োদন্ো জ쇁শর। এক োং োর েদ আদরক োং োর েমন্ব জ쇁শর। েোাংলোদেি েযোশরফ কশমিদন্র েোদেক টচ োরমযোন্ মশজেুর রিমোন্ েদলন্, েোদজে েো েো দন্ েিমতোর যদর্ষ্ট োেশত আদে। টেখোদন্ যদর্ষ্ট কোজ করদত িদে। এ েোড়ো শিিো যুদগোপদযোগী করদত িদে। েিতো উ দন্ কোজ করদত িদে। Source: http://www.kalerkantho.com/print-edition/first-page/2018/06/03/643556
অগ্রাতিকাে আেও ৫ প্রকরে গতি পনই আও োমী লীগ েরকোদরর দুই টম োদে অগ্রোশধ্কোর শ শিদত টন্ও ো েড় প্রকল্প巁দলোর মদধ্য পোোঁচ綿র েো েো দন্র িোর এখদন্ো ন্গণয পযৃোদ রদ দে। প্রকল্প巁দলো িদে প ো টেতু টরলোংদযোগ োপন্ এোং চট্টগ্রোদমর টেোিোজোরী টর্দক কক্সেোজোদরর রোমু িদ শম োন্মোদরর কোেোকোশে 巁ন্দুম পযৃ শেদ ল লোইন্ তিতদগজ টরলপর্, কক্সেোজোদরর মদিিখোলীদত এলএন্শজ েোশমৃন্োল ও টেোন্োশে ো গ ীর েমুদ্রেন্দর এোং পেু োখোলীদত পো রো গ ীর েমুদ্রেন্দদরর অেকোঠোদমো শন্মৃোণ। েদ্মা পেিু পেলে廬রর্াগ প ো টেতু শেদ রোজধ্োন্ী ঢোকোর েদ টেদির েশিণ-পশিমোঞ্চল, শেদিষ কদর খুলন্ো পযৃ ১৭২ শকদলোশমেোর টরলপর্ শন্মৃোণ করো িদে। ২০১৬ েোদলর টম মোদে ৩৪ িোজোর ৯৮৯ টকো綿 েোকো েযদ প ো টেতু টরলোংদযোগ প্রকল্প পোে করো ি । মূল কোজ শু쇁 িও োর আদগই এই প্রকদল্প খরচ টেদড়দে ৪ িোজোর ২৫৮ টকো綿 েোকো। োংদিোধ্দন্র পর এই প্রকদল্পর েয েোোঁশড়দ দে ৩৯ িোজোর ২৪৬ টকো綿 ৮০ লোখ েোকো। এর পোিোপোশি প্রকদল্পর টম োে দুই েের েোড়োদন্ো িদ দে। গত দুই েেদর এই প্রকদল্প েরোদির মোত্র ২ িোজোর ১৯৬ টকো綿 েোকো খরচ িদ দে। োিোল কয়লাতবদ্যযৎ পকন্দ্র েোদগরিোদের রোমপোল উপদজলো টন্ও ো িদ দে েোাংলোদেি- োরত তমত্রী েুপোর র্োরমোল পোও োর প্রদজক্ট। প্রকল্প綿 টন্ও ো িদ দে ২০১০ েোদল। ১৫ িোজোর ৯১৯ টকো綿 েোকোর এ প্রকদল্প শতন্-চতু র্ৃোাংদির টেশি অর্ৃ ঋণ শিদেদে শেদে োরতী এশক্সম েযোাংক। এ শেদুযৎদকদের উৎপোেন্িমতো ১ িোজোর ৩২০ টমগোও োে। ২০১৮ েোদলর শডদেম্বর মোদের মদধ্য প্রর্ম পযৃোদ শেদুযৎ উৎপোেন্ শু쇁 িও োর কর্ো রদ দে। োয়ো গর্ীে েিুদ্রবন্দে পো রো গ ীর েমুদ্রেন্দদরর অেকোঠোদমো শন্মৃোদণর জন্য ২০১৫ েোদল ৩ িোজোর ৩৫০ টকো綿 েোকোর প্রকল্প টন্ও ো ি । আদগ শন্মৃোণ করো অেকোঠোদমো শেদ েীশমত পশরেদর পো রো েন্দদরর কোযৃক্রম শু쇁 িদ দে। এই প্রকদল্প এখন্ পযৃ ৬১০ টকো綿 েোকো খরচ িদ দে।
31 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 িরহেখালী এলএনতে টাতিযনাল প্রো ে েের আদগ চট্টগ্রোদম তরলীকতত প্রোকতশতক গযোে েোশমৃন্োল েো এলএন্শজ েোশমৃন্োল শন্মৃোদণর প্রকল্প টন্ও ো ি । এখদন্ো মূল কোজই শু쇁 ি শন্। ন্োন্ো টেন্েরেোদরর পর দুই েের আদগ যুক্তরোদের এশক্সলোদরে এন্োশজৃ ন্োদমর এক綿 টকোম্পোশন্র েদ 膿কোেোশর চু শক্ত িদ দে। এই প্রকদল্পর েয ধ্রো িদ দে ১৫৬ টকো綿 ডলোর। পোনাত্য়া গর্ীে েিুদ্রবন্দে কক্সেোজোদরর টেোন্োশে ো গ ীর েমুদ্রেন্দর শন্মৃোদণর জন্য কোশরগশর ও অর্ৃনন্শতক েমীিো টিষ িদ দে। এ綿 গ ন্ৃদমে েু গ ন্ৃদমে (শজ-েু -শজ) পদ্ধশতদত শন্মৃোণ করো িদে। এ জন্য প্রোর্শমক োদে চীন্, োরত, যুক্তরোজযেি টেি কদ ক綿 টেি আগ্রি টেশখদ দে। Source: http://www.prothomalo.com/economy/article/1501736/
২০ তকতি ের্যন্ত এলাকায় িাছ িোয় তনরেিাজ্ঞা পেরয়রছ পেররাবা廬লা কক্সেোজোদরর কলোতলীর পশিদম গ ীর েমুদ্র টর্দক মদিিখোলী িীপ পযৃ ২০ শকদলোশমেোর েমুদ্র এলোকো মোে ধ্রো শন্দষধ্োজ্ঞো টচদ দে রোেো ি টতল, গযোে ও খশন্জ েম্পে করদপোদরিন্ (টপদরোেোাংলো)। আমেোশন্কতত এলএন্শজ েিন্কোরী জোিোজ ও োেমোন্ েোশমৃন্োদলর শন্রোপিোর স্বোদর্ৃ েমুদদ্রর ওই এলোকো মোে ধ্রো এ শন্দষধ্োজ্ঞো টচদ দে োং ো綿। জোন্ো টগদে, মদিিখোলী িীপ টর্দক েোদড় শতন্-চোর শকদলোশমেোর দূর েমুদদ্র টপদরোেোাংলোর োেমোন্ এলএন্শজ েোশমৃন্োদলর অে োন্। টেখোন্ টর্দক ২ েিশমক ২৯ শকদলোশমেোর উিদর েোশমে পোও োদরর এলএন্শজ েোশমৃন্োল綿 শন্মৃোদণর কর্ো রদ দে। আর টপদরোেোাংলোর এলএন্শজ েোশমৃন্োল টর্দক ১৭ শকদলোশমেোর েশিণ-পূদেৃ এোং কলোতলী তেকত টর্দক ১৭ শকদলোশমেোর পশিদম টন্োঙর কদর রোখো িদে এলএন্শজেোিী জোিোজ। ফদল জোিোজ টন্োঙর করোর অে োন্ টর্দক টপদরোেোাংলো ও েোশমদের োেমোন্ েোশমৃন্োল পযৃ টমোে ২০ শকদলোশমেোর উপ嗂লজুদড় এলএন্শজ প্রকদল্পর শন্রোপিোর জন্য কলোতলী টর্দক মদিিখোলী িীপ পযৃ ম重েয শিকোর ে করদত টপদরোেোাংলোর কোদে অন্ুদরোধ্ কদরদে েোশমৃন্োল মশন্েশরাংদ র েোশ দত্ব র্োকো 쇂পো শরত প্রোকতশতক গযোে টকোম্পোশন্ শলশমদেড (আরশপশজশেএল)। প্রশতষ্ঠোন্綿 জোন্ো, কোতোরেি মধ্যপ্রোদচযর শেশ টেি টর্দক েমুদ্রপদর্ এলএন্শজ শন্দ আেো জোিোজ, েোশ ৃে ট দেল ও োেমোন্ েোশমৃন্োদলর শন্রোপিো েোাংলোদেি েরকোরদক শন্শিত করদত িদে। তোই এলএন্শজ প্রকল্প এলোকোর শন্রোপিো শন্শিত করদত ম重েয আিরণ শন্শষদ্ধ ট োষণো করদত ম重েয ও প্রোশণেম্পে মন্ত্রণোল দক শন্দেৃি শেদত টপদরোেোাংলোর কোদে শচ膿 টে ো িদ দে। পদর এ শেষদ েযে ো টন্ োর জন্য গত ২১ টম জ্বোলোশন্ ও খশন্জ েম্পে মন্ত্রণোলদ শচ膿 টে টপদরোেোাংলো। এ শেষদ টপদরোেোাংলোর টচ োরমযোন্ আেুল মন্েুর টমো. ফদ জউল্লোি েশণক েোতৃোদক েদলন্, এলএন্শজেোিী জোিোজ চলোচদলর েম েোগদর জোল র্োকদল জোিোজ আেদক যোও োর ঝুোঁ শক র্োদক। তোই ঝুোঁ শক এড়োদত এোং শেদেিী োেমোন্ েোশমৃন্োল, টপোেৃ েোশ ৃে ট দেল এোং েোগ টেোদের শন্রোপিো মোে ধ্রো ে রোখোর জন্য ম重েয ও প্রোশণেম্পে মন্ত্রণোল দক অন্ুদরোধ্ করো িদ দে। তদে এেো েে েমদ র জন্য ন্ , টকেল জোিোজ চলোচদলর েম ে করোর কর্ো েলো িদ দে। টেদি ইশলদির পোোঁচ綿 অ োরদণযর এক綿 কক্সেোজোদরর মদিিখোলী। এেোড়ো শুোঁেশক মোদের জন্যও শেখযোত িীপ উপদজলো綿। েতৃমোদন্ এখোদন্ শতন্綿 শুোঁেশকপল্লী রদ দে। কতশষর পর ম重েয শিকোরই এখোন্কোর জন্দগোষ্ঠীর প্রধ্োন্ টপিো। উপ嗂লজুদড় ম重েয শিকোর ে িদল িশতগ্রস্ত িদে এ টপিোর েদ জশড়ত কদ ক িোজোর মোন্ুষ। েরেরোি কমদে শুোঁেশকেি েোমুশদ্রক মোদের। এ শেষদ চট্টগ্রোম শেেশেেযোলদ র টমশরন্ ইন্শি綿উদের অধ্যোপক ড. টিোেোইন্ জোমোল েদলন্, ম重েযজীেীরো েোমশ ক োদে িশতগ্র িদে এেো 膿ক। মোে শিকোর ে র্োকদল েরকোর টজদলদের ন্োন্ো েুশেধ্ো শেদ িশত টমেোদন্োর টচষ্টো কদর র্োদক। এদিদত্রও টতমন্綿 করো িদল েমেযো িদে ন্ো। এেোড়ো জোিোজ চলোচল কোদল টযদকোদন্ো এলোকো মোদের শেচরণ কম ি । তোই এলএন্শজ এলোকো টযদিতু জোিোজ আেো-যোও ো িদে, তোই ওই এলোকো মোে ধ্রো শন্শষদ্ধ িদল টজদলদের খুে টেশি িশত িও োর আিঙ্কো টন্ই। টপদরোেোাংলো েূত্র জোন্ো, েতৃমোদন্ টেদি তেশন্ক ৩৭০ টকো綿 ন্ফুে গযোদের চোশিেো রদ দে। এর শেপরীদত েরেরোি করো িদে ২৬০ টকো綿 ন্ফুে গযোে। অর্ৃোৎ তেশন্ক ১১০ টকো綿 ন্ফুে গযোদের োংকে রদ দে। এ োংকে ক্রদমই েোড়দে। এশেদক ন্তু ন্ টকোদন্ো গযোেদিত্র টর্দক গযোে উদিোলন্ শু쇁 ন্ো িও ো োংকে তীব্র িদে। তোই োেশত দূর করদত এলএন্শজ আমেোশন্র উদেযোগ টন্ জ্বোলোশন্ শে োগ। এ লদিয এক綿 োেমোন্ েোশমৃন্োল শন্মৃোণ ও েযেিোর শেষদ ২০১৬ েোদলর জুলোইদ টপদরোেোাংলো ও যুক্তরোদের এশক্সলোদরে এন্োশজৃর মদধ্য চু শক্ত ি । এরই মদধ্য কক্সেোজোদরর মদিিখোলীদত এক綿 োেমোন্ েোশমৃন্োল (এফএেআরইউ) শন্মৃোণ টিষ কদরদে এশক্সলোদরে এন্োশজৃ । ওই েোশমৃন্োল টর্দক তেশন্ক ৫০ টকো綿 ন্ফুে গযোে জোতী শগ্রদড েরেরোি করো ে ে িদে। গত মোদের টিদষর শেদক এ গযোে জোতী শগ্রদড টযোগ িও োর কর্ো র্োকদলও কোশরগশর ত্রু綿র কোরদণ তো ে ে ি শন্। তদে চলশত েেদরর টিদষর শেদক অর্েো ২০১৯ েোদলর শু쇁দত টেদির প্রর্ম েোশমৃন্োল টর্দক েয েহুল এ গযোে েরেরোি ে ে িদে েদল জোশন্দ দে জ্বোলোশন্ শে োগ। একই এলোকো আদরো ৫০ টকো綿 ন্ফুে েিমতোর অপর এক綿 েোশমৃন্োল োপদন্ জ্বোলোশন্ শে োগ ও টপদরোেোাংলোর েদ চু শক্ত কদরদে েোশমে। ২০১৯ েোদলর টিদষর শেদক ওই েোশমৃন্োল টর্দকও জোতী শগ্রদড গযোে েরেরোদির কর্ো রদ দে। Source: http://bonikbarta.net/bangla/news/2018-06-02/159778/
32 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 ১৩ িারেে েবযতনরে ওরেরকে জ্বালাতন পিল উরতালন অপশরদিোশধ্ত জ্বোলোশন্ টতল রফতোশন্কোরকদের টজোে অগৃোন্োইদজিন্ অে েয টপদরোশল োম এক্সদপো綿ৃাং কোশিজ (ওদপক)। আ জৃোশতক েোজোদর েরেরোি শন্ ন্ত্রদণর মোধ্যদম জ্বোলোশন্ পণয綿র েরপতদন্র লোগোম েোন্দত তেশেক উদিোলন্ হ্রোেোংক্রো চু শক্ত এশগদ শন্দ যোদে ওদপক ু ক্ত টেি巁দলো। চু শক্তর আওতো টজোে ু ক্ত টেি巁দলো জ্বোলোশন্ টতল উদিোলন্ শন্ধ্ৃোশরত পশরমোদণ েীমোেদ্ধ টরদখদে। এ ধ্োরোেোশিকতো চলশত েেদরর টম মোদে ওদপক ু ক্ত টেি巁দলো অপশরদিোশধ্ত জ্বোলোশন্ টতদলর েশ শলত উদিোলন্ ১৩ মোদের মদধ্য েেৃশন্ম্ন অে োদন্ টন্দম এদেদে। মূলত ট শন্জুদ লো ও ন্োইদজশর ো জ্বোলোশন্ পণয綿র উদিোলন্ উদল্লখদযোগয পশরমোদণ কদম আেো এ েম টজোে ু ক্ত টেি巁দলো অপশরদিোশধ্ত জ্বোলোশন্ টতদলর েশ শলত উদিোলন্ও কদমদে। শব্র綿ি োংেোেমোধ্যম র েোদেৃর এক জশরপশ শিক প্রশতদেেদন্ এ তর্য উদঠ এদেদে। প্রশতদেেদন্র তর্য অন্ুযো ,ী ২০১৮ েোদলর টম মোদে ওদপক ু ক্ত টেি巁দলো অপশরদিোশধ্ত জ্বোলোশন্ টতদলর েশ শলত তেশন্ক উদিোলন্ েোোঁশড়দ দে ৩ টকো綿 ২০ লোখ েযোদরদল, যো শেগত ১৩ মোদের মদধ্য েেৃশন্ম্ন। চলশত েেদরর এশপ্রদল ওদপক ু ক্ত টেি巁দলো জ্বোলোশন্ পণয綿র েশ শলত তেশন্ক উদিোলন্ েোোঁশড়দ শেল ৩ টকো綿 ২০ লোখ ৭০ িোজোর েযোদরদল। টেই শিেোদে, এক মোদের েযেধ্োদন্ ওদপক ু ক্ত টেি巁দলো জ্বোলোশন্ পণয綿র েশ শলত তেশন্ক উদিোলন্ ৭০ িোজোর েযোদরল কদমদে। এ েম জ্বোলোশন্ পণয綿র উদিোলন্ েেদচদ টেশি কদমদে আশিকোর েতিিম জ্বোলোশন্ টতল উদিোলন্কোরী টেি ন্োইদজশর ো । র েোদেৃর প্রশতদেেদন্র তর্য অন্ুযো ী, চলশত েেদরর এশপ্রদল টেি綿দত প্রশতশেন্ গদড় ১৯ লোখ ৪০ িোজোর েযোদরল অপশরদিোশধ্ত জ্বোলোশন্ টতল উদিোলন্ িদ শেল। গত টম মোদে ন্োইদজশর ো জ্বোলোশন্ পণয綿র তেশন্ক গড় উদিোলন্ েোোঁশড়দ দে ১৮ লোখ ৫০ িোজোর েযোদরদল, যো আদগর মোদের তু লন্ো তেশন্ক ৯০ িোজোর েযোদরল কম। ন্োইদজশর ো জ্বোলোশন্ টতল েরেরোিকোরী পোইপলোইদন্ ত্রু綿 ধ্রো পড়োর টজর ধ্দর এ েম জ্বোলোশন্ টতল উদিোলন্ কদমদে েদল জোশন্দ দে র েোেৃ। একই শচত্র টেখো টগদে ট শন্জুদ লো ।ও গত এশপ্রদল টেি綿দত প্রশতশেন্ গদড় ১৫ লোখ েযোদরল অপশরদিোশধ্ত জ্বোলোশন্ টতল উদিোলন্ িদ শেল। এক মোদের েযেধ্োদন্ টেি綿দত জ্বোলোশন্ পণয綿র তেশন্ক গড় উদিোলন্ েোোঁশড়দ দে ১৪ লোখ ৫০ িোজোর েযোদরদল। অর্ৃোৎ আদগর মোদের তু লন্ো গত টম মোদে ট শন্জুদ লো অপশরদিোশধ্ত জ্বোলোশন্ টতল উদিোলন্ কদমদে তেশন্ক ৫০ িোজোর েযোদরল। শকেুশেন্ ধ্দরই টেি綿র জ্বোলোশন্ টতল উদিোলন্ খোদত ধ্োরোেোশিক মন্দোে ো েজো রদ দে। এরই মদধ্য আগোম শন্েৃোচদন্ জ ী িদ ট শন্জুদ লোর টপ্রশেদডে পদে আদরো ে েেদরর জন্য আেীন্ িদ দেন্ েোমপ ী শন্দকোলোে মোদুদরো। তোর এ জদ ন্োদখোি যুক্তরোে। টেি綿র শে쇁দদ্ধ ন্তু ন্ কদর মোশকৃন্ শন্দষধ্োজ্ঞো আদরোদপর টজোরোদলো ে োেন্ো রদ দে। শন্দষধ্োজ্ঞো আদরোপ িদল ট শন্জুদ লোর জ্বোলোশন্ টতল খোত ন্তু ন্ কদর োংকদের মুদখ পড়দে। গত টম মোদে টেৌশে আরে, ইরোক, োংযুক্ত আরে আশমরোতেি কদ ক綿 টেি ওদপদকর চু শক্তর িতৃ টমদন্ জ্বোলোশন্ টতল উদিোলন্ কদরদে। তদে শলশে ো ও ইরোদন্ জ্বোলোশন্ পণয綿র উদিোলন্ উদল্লখদযোগয পশরমোদণ কদমদে। এশেদক ওদপক ু ক্ত ন্ো িদ ও টজোদের চু শক্তর িতৃ টমদন্ অপশরদিোশধ্ত জ্বোলোশন্ টতল উদিোলন্ েীশমত টরদখদে রোশি ো। টেি綿র েরকোশর তর্য অন্ুযো ,ী চলশত েেদরর এশপ্রদল রোশি োর 嗂প巁দলো টর্দক প্রশতশেন্ গদড় ১ টকো綿 ১০ লোখ েযোদরল অপশরদিোশধ্ত জ্বোলোশন্ টতল উদিোলন্ িদ শেল। গত টম মোদে টেি綿দত জ্বোলোশন্ পণয綿র তেশন্ক গড় উদিোলন্ েোোঁড়ো ১ টকো綿 ৯ লোখ ৭০ িোজোর েযোদরল। টেই শিেোদে, এক মোদের েযেধ্োদন্ রোশি ো জ্বোলোশন্ টতল উদিোলন্ তেশন্ক ৩০ িোজোর েযোদরল কদমদে। এর আদগ ২০১৬ েোদলর অদক্টোেদর টেি綿র ইশতিোদে েদেৃোচ্চ তেশন্ক ১ টকো綿 ১২ লোখ ৪৭ িোজোর েযোদরল অপশরদিোশধ্ত জ্বোলোশন্ টতল উদিোলন্ িদ শেল। গদেষণো প্রশতষ্ঠোন্ 綿এে লম্বোদডৃর টজযষ্ঠ অর্ৃন্ীশতশেে কন্িোশেদন্োে ট দন্綿ে েদলন্, চু শক্তর িতৃ টমদন্ উদিোলন্ কশমদ জ্বোলোশন্ টতদলর েোম েোড়োদত চোইদে ওদপক। তদে রোশি ো ও টেৌশে আরদের মদতো েতিৎ উদিোলন্কোরী দু綿 টেি চলশত েেদরর শডদেম্বর টিদষ চু শক্ত পুন্মূৃলযো দন্ আগ্রিী। তোই জ্বোলোশন্ টতদলর উদিোলন্ কমোর েুফল এখন্ই পোও ো যোদে ন্ো। ওদপদকর চু শক্তর শেষযদতর ওপর আগোমী শেন্巁দলো জ্বোলোশন্ পণয綿র েোজোর পশরশ শত শন্ ৃর করদে। Source: http://bonikbarta.net/bangla/news/2018-06-03/159819/
Bank and NBFIs
BANKS NOT DOING ENOUGH TO MEET EXPECTATIONS The banking industry in the country has 'failed' to meet expectations of customers, according to the findings of a research study released on Thursday. The study showed that the number of 'unsatisfied' bank clients has been increasing gradually. Over 1.6 million or 12.5 per cent of the account holders closed their accounts in 2017 due to 'unsatisfactory' services, it found. The customer exit rate was 8.6 per cent, 9.42 per cent and 11.64 per cent in 2014, 2015 and 2016 respectively, according to the study findings.
33 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 The Bangladesh Institute of Bank Management (BIBM) conducted the study on 'Sustainability in Service Quality and Customers Conformity: Drivers of Customers Loyalty to Banks'. It covered 27 banks and 620 randomly-selected respondents. The study analysed 22 factors of customer expectation and service delivery in the banking system. It was done to know whether the banks' service delivery satisfied their target groups or not. Among others, the research considered factors like modern/up-to-date equipment, physical facilities, well-dress/neatness of the employees, materials associated with the service, and key promises by the bankers. Besides, it also analysed factors like willingness to help the customers, showing sincere interest, performing service rightly, keeping accurate records, spontaneous and self-motivated employees, employee behaviour, and commitment to service. Following the study, banking sector experts and professionals called for paying more attention to the changing attitude of bankers in dealing with the clients. It is needed to overcome the mismatch between expectations and service delivery. In none of these 22 factors the service delivery to the customers "crosses expectations," said BIBM associate professor Dr. Mohammad Tajul Islam. He was disclosing the findings of the study. "It indicates that the banking industry has failed to meet the customers' expectations in all aspects." Citing the report's findings, he said the number of closed accounts is rising gradually. But 56 per cent of the banks do not conduct any interview to know the reasons of their signing out, he added. "Even 99 per cent of banks do not maintain any customer track record," he said. "The commercial banks can reduce their customer exit rate by ensuring a better relationship with them," he observed. The number of customer complaints also rose significantly over the years. A total of 1,033 complaints were received by the commercial banks in 2015 while 1,393 in 2016, and 2,050 in 2017. Managing Director (MD) and Chief Executive Officer (CEO) of Trust Bank Limited Faruk Mainuddin Ahmed said the study found that the customers are not happy with the banking hours, which is very surprising. He said the customers are still unsatisfied, although the transaction time has been expanded from 1:00 pm to 4:00 pm. Mr. Ahmed called upon the Financial Integrity and Customer Services Department (FICSD) of the Bangladesh Bank (BB) to analyse the merit of the complaints. The major portion of the complaints comes from defaulter borrowers, he noted. To regain trust of the customers, he suggested reducing dependence on the services based on human- interaction and promoting technology-based service delivery. Professor at the Department of Marketing of the Dhaka University (DU) Dr. Md. Mizanur Rahman said the bankers need to be professional. They should be given proper training keeping in mind the requirements of the customers. "We're probably more interested in product innovation, and unfortunately least focused on market and process innovation." He termed the unhealthy competition in the banking system a major concern. He said the number of banks is quite high in view of the size of the economy and still new banks are coming in. "Some of the banks are giving undue advantages to the customers to cope with the tough competition," he opined. MD of Bangladesh Krishi Bank Ali Hossain Prodhania said around 60 per cent of the complaints are related with compliance.
34 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 "I investigated 50 complaints that our bank received. Of those, I noted only two as (genuine) complaints," he said. He also highlighted the importance of dealing with the 'priority' customers in a planned way, so that the general customers do not feel neglected. Former Deputy Governor of the BB Khondkar Ibrahim Khaled said the customers do not come to a bank seeing its building. Rather, they come to the bank to avail services from the people working there, he added. He said there are many customers who change their banks, once the bankers they are close to move elsewhere. "That is the quality of a banker. A banker needs to be a good public relations officer," he stated. "The banks should train their employers in such a way," he added. Former Professor of Department of Economics at DU Dr Barkat-e-Khuda, BIBM Director General Dr. Toufic Ahmad Choudhury and BIBM Professor Dr. Prashanta Kumer Banerjee, among others, spoke at the function. Source: http://today.thefinancialexpress.com.bd/public/first-page/banks-not-doing-enough-to-meet- expectations-1527789076
CITY BANK RECEIVES ENERGY-EFFICIENT FINANCING AWARD City Bank recently won a prestigious 'Global Climate Partnership Award 2018' from Global Climate Partnership Fund (GCPF), according to a statement. This is one of the most prestigious awards on energy-efficient financing, which recognizes outstanding performance and impact of partner institutions in the areas of energy efficiency and renewable energy-related green lending. The award giving ceremony was held in Zurich, Switzerland where the bank's Managing Director (MD) and CEO Sohail R. K. Hussain received the award. Members of GCPF Board, Investment Committee, Investors and representatives from other financial institutions were also present in the event. The award was open to all financial institutions that have a partnership with the Global Partnership Fund (GCPF). City Bank had to compete with 29 financial institutions from 22 countries who are involved in advanced energy efficient and renewable energy financing. The bank's strong commitment towards environment-friendly lending is saving 152,522MWh of energy every year through energy-efficient investments and has contributed to reduce 42,749 tonne CO2 emission annually, said the statement. Global Climate Partnership Fund S. A., SICAV-SIF (GCPF) is an investment company located at Luxembourg. GCPF invests at developing and emerging economies with high greenhouse gas emissions and significant potential to improve energy efficiency and climate change. The fund is backed by international institutions like Danish International Development Agency (DANIDA), KfWEntwicklungsbank, International Finance Corporation (IFC), Development Bank of Austria (OeEB), Dutch Development Bank (FMO), German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB). Source: http://today.thefinancialexpress.com.bd/public/stock-corporate/city-bank-receives-energy- efficient-financing-award-1527791551
SINGLE-DIGIT LENDING RATE STILL ELUDES Despite government measures to bring down the interest rate on loans to single digits, the lending rate still hovers around 12–13 per cent, thereby scuppering the attempts made so far to shore up the banking system. Prime Minister Sheikh Hasina herself has directed the bankers on April 13 to offer single-digit interest rates on loans in order to boost investment in Bangladesh. “Interest rates have to
35 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 be slashed and they should be in single digits. Otherwise, investment will not accelerate, along with employment generation,” she said. But banks have failed to abide by the PM’s directive. On the back of such failure, Bangladesh Bank, in a recent order, has also asked banks to maintain the interest rate spread, the gap between the interest rates for credit and deposit, within 4 per cent, down from the previous ceiling of 5 per cent. The central bank said banks were frequently increasing the interest rate on their different credit products, which created a horrible situation in the banking sector. Sources at different banks say bringing the interest rate down to a single digit would not be a cakewalk under present circumstances. Arfan Ali, senior banker and managing director of Bank Asia Ltd, told The Independent that credit growth, at this moment, is still higher than deposit growth. “It will be against the basic understanding of banking if we lower the lending rate now.” Ali said the banking sector still cannot get out of the liquidity crisis. “Without a balanced cash flow, which I would say is still absent, it will be not be able to bring down the interest rate soon.” To get the banking sector out of the liquidity crunch, the government earlier had decided to inject Tk. 10,000 crore by slashing the cash reserve ratio (CRR) by one per cent, which would thereby release this amount into the system. The reduction in the CRR—the minimum fraction of customer deposits each commercial bank must hold as reserves in the central bank for risk management—is likely to give some cash-starved private banks “much-needed” funds for meeting their customers’ requirements. Along with this fresh injection of money through the reduction in the CRR, the government has also decided to allow state agencies to deposit 50 per cent of their funds with private banks, up from the existing ceiling of 25 per cent, to tackle the liquidity crisis. Economist Dr Selim Raihan, executive director of South Asian Network for Economic Modeling (SANEM), said the two decisions were not taken in a proper manner. Bangladesh Bank (BB), the central bank, has its own policymaking unit. “They could have taken the decisions after discussions among themselves, but this did not happen. More surprisingly, the decisions were taken following pressure from the banks.” He said the central bank’s decisions would send a “wrong message” to the entire financial sector. “There is no guarantee that the banks with bad performance will not misuse the money if they are given more now,” he said, expressing fears that the failure to punish the loan defaulters due to the central bank’s “weak control” will lead to even more bad loans. Nazrul Islam Mazumder, chairman of the Bangladesh Association of Bankers (BAB), however, said though the government has taken those measures, “the cash flow in the banks has not increased yet”. Mazumder, who heads the association of private bank owners, said even the state-owned banks have not brought down their lending rates to single digits despite having large chunks of idle money. “We will meet finance minister Abul Maal Abdul Muhith on Thursday to discuss the current situation,” he said. The BB, meanwhile, in its latest monetary policy for January–June, has created provisions for tightening the money supply and curb excessive lending. The new policy has set private sector credit growth target at 16.8 per cent against 18.13 per cent growth in the first half of the fiscal year 2017–18. In July last year, the central bank set the private sector credit growth target at 16.3 per cent, but the growth was way over target on the back of rising imports and development activities. The continued negative trend of the government’s bank borrowings has prompted the central bank to raise the private sector credit growth target. The BB slashed the loan-deposit ratio by two percentage points to 83 per cent, meaning that the banks’ ability to lend will be further tightened.
36 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 On 30 May, the Bangladesh Bank (BB) took some initiatives to rein in the rising interest rate to curb the higher interest rate. For instance, banks will not be able to change the interest rate on loans if the credit agreement mentions fixed interest rate. As per the BB the banks will have to give notice to borrowers at least three months before increasing the lending rate. They can increase the rate by a maximum of 0.05 percent for term loans and 1 per cent for working capital and other loans in a year. In the past few months, a series of loan scams in Farmers and some other banks created a dent in depositors’ confidence in private banks, which subsequently led to the liquidity crisis. Most government agencies are now reluctant to deposit their money in private banks, thinking that they are fundamentally weak; a number of government agencies have already withdrawn a significant amount of their deposits from private banks. Because of their fund withdrawals, a number of banks have been scouting around for deposits to adjust their loan-deposit ratio, and in doing so, are pushing up the interest rate for deposits. While it is positive news for depositors it is also pushing up the interest rate for lending. There is adequate liquidity in the country, as the call money market rate suggests: it is less than 4 per cent. Meanwhile, most of the private commercial banks, which have crossed the loan-deposit ratio (LDR) limit, are chasing deposits to bring down the ratio within 85 per cent as they cannot recover loans overnight. An 85 per cent LDR limit means a bank can give a loan of Tk. 85 against a deposit of Tk. 100. Of the 57 banks, the loan-deposit ratio of 38 banks is already lower than 83 per cent. To adjust to the new ceiling, banks will have to increase the total deposits by Tk. 11,000 crore. Talking with The Independent, economist Mirza Azizul Islam criticised the government move to inject money into the banking system by reducing the CRR and allowing-state owned agencies to deposit money in the commercial banks. He said instead of ensuring good governance in the country’s crisis-riddled banking sector, the authorities are desperate to save a bad bank. “First, the banks should improve their management capacity to recover their bad debts and continue their business with the recovered money. Injecting public money into bad banks can never be a good practice,” he said. Source: http://www.theindependentbd.com/post/152566
BB ISSUES NEW INSTRUCTIONS FOR EXISTING BANK CREDIT Bangladesh Bank (BB) on Wednesday issued new instructions for banks to avoid the increasing trend of lending rate, reports BSS. “Banks can’t increase the rate of interest if the rate is fixed. In case of flexible, variable or floating interest rate, banks can increase the rate once in a year,” said a BB circular issued on Wednesday. For increasing the interest rate, the circular said, banks will have to issue notice to the borrowers at least three months ago. In case of term loans, banks can increase the lending rate by 0.50 per cent each time. But, in case of current capital and other loans, they can increase the rate up to one percent, the circular said. Source: http://www.theindependentbd.com/post/152329
BANK OWNERS IN BANGLADESH PUT BB, POLICYMAKERS ON TROT Bank owners’ using powers to realise ‘undue’ demands thwarted the role of the Bangladesh Bank while the government’s bailing out the almost bankrupt Farmers Bank, hit by loan scams, set a bad precedent in the ailing banking sector in the outgoing financial year 2018. Experts noted that FY18 was inauspicious one as both the central bank and the government policymakers had to remain busy amidst wave of demands, including for amendment to the Bank Company Act 1991 and decrease in cash reserve requirement, by the bankers.
37 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 They said that the government and the central bank hardly looked at the growing non-performing loans, sanction of loans on political consideration and hostile takeover of private banks. The government met the bank owners’ demand for deposition of 50 per cent of funds instead of the existing 25 per cent by the state-owned agencies in the private banks despite growing mistrust of private banks due to Farmers Bank’s failure to repay the deposits to the Bangladesh Climate Trust Fund and the Bangladesh Telecom Regulatory Commission. In the past week, state-owned Sonali, Agrani, Janata and Rupali banks provided Tk 160 crore each and state-owned Investment Corporation of Bangladesh provided Tk 45 crore to make a fund of Tk 715 crore to bail out the almost bankrupt Farmers Bank following government instructions. Former Bangladesh Bank governor Salehuddin Ahmed said that the banking sector failed to recover from its disastrous position in the outgoing financial year with problems remaining unsolved, no improvement in governance and continued high rate of corruption and writing-off of bad loans. Criticising the central bank, he said that it bowed down to the pressure from bank owners instead of enforcing banking rules and regulations to protect interest of the depositors. The bank owners forced the government to meet their demands, including allowing four directors, instead of two, from a family and extending the tenure of directors to three consecutive terms by controversial amendment to the Bank Company Act 1991. The bank owners also realised their demand for lowering the bank rate to 6 per cent from 6.75 per cent and cash reserve requirement of 5.5 per cent from 6.5 per cent on pretext of liquidity crisis. Former Bangladesh Bank deputy governor Ibrahim Khaled said that he had never witnessed such using of power by the bankers especially by 5-6 people. ‘This 5-6 people have captured the government,’ he said without naming anyone. The government met all the demands made by these people although the demands were undue and harmful to the public interest, he said. Ibrahim Khaled did not think that such measures would help healing the wounds of the banking sectors. Instead, it would aggravate the problems, he noted. S Alam Group, a Chittagong-based trading house, tightened its grips on Social Islami Bank Limited by purchasing about 50 per cent stake in the Shariah-based bank through 19 companies in October 2017 that experts described as a hostile takeover. Non-performing loans in Bangladesh’s banking sector surged to over Tk 80,000 crore for the first time at the end of September 2017 from Tk 65,731 crore a year back with a 22.15 per cent hike. The amount of non-performing loans crossed double digit mark to 10.67 per cent of the total outstanding loans, a sign of weakness of the banking sector. In April 2018, Centre for Policy Dialogue termed the country’s crippled banking sector an orphan and suspected that a huge amount of money was being laundered from the banking sector through import payments. CPD distinguished fellow Debapriya Bhattacharya said that the banking sector became an orphan where the protector was abusing the orphan. The think-tank advised that the government should set up an independent commission to critically assess the problems and weaknesses of the state-owned banks. The outgoing FY18 could not bring any positive breakthrough for the state-owned banks as defaulted loans in the six state-owned banks — Sonali, Janata, Agrani, Rupali, BASIC and Bangladesh Development Bank — increased to Tk 38,517.32 crore as of September 30, 2017 from Tk 34,580 crore as of June 30, 2017 According to Bangladesh Bank report, the defaulted loan was Tk 13,771 crore for Sonali Bank, Tk 7,599 crore for BASIC Bank, Tk 5,819 crore for Janata Bank, Tk 5,116 crore for Agrani Bank and Tk 4,251 crore for Rupali Bank. Source: http://www.newagebd.net/article/42709/bank-owners-in-bangladesh-put-bb-policymakers- on-trot
38 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 TOFAIL LAMENTS BANKS’ RELUCTANCE TO CUT INTEREST RATE DESPITE GETTING BENEFITS Bangladesh commerce minister Tofail Ahmed on Saturday criticised banks for their reluctance to cut interest rate even after getting several benefits from the government in recent months. ‘We need to be careful about the banking sector and we are concerned about the interest rate,’ the commerce minister said while addressing a seminar on the contribution of housing sector to national economy held at Dhaka Club. The government recently extended various benefits to the country’s private banks such as instructing state agencies to deposit 50 per cent of their funds, instead of the existing 25 per cent, with private banks, Tofail said. He said that the government provided all the benefits with a condition that they would reduce their interest rates to single digit but they were yet to do it. Real Estate and Housing Association of Bangladesh and Centre for Communication Network jointly organised the seminar. The minister also said that banks should provide support to the housing sector as the sector was one of the risk-free industries. Tofail said that the flat registration cost should not be 14/15 per cent and he would discuss the issue with government high-ups. Md Shafiul Islam Mohiuddin, president of Federation of Bangladesh Chambers of Commerce and Industry, demanded that the land and flat registration process be made easy. Demanding a refinancing fund for the housing sector, he also demanded scope of investment of undisclosed money in the country. REHAB president Alamgir Shamsul Alamin alleged that none of the banks in the country finance the housing sector as Bangladesh Bank asked them not to make any investment in the sector. ‘Prime minister has pledged housing for all but there is no allocation in the budged for the sector. The government allocated Tk 3,733 crore in the FY 18 for housing sector but it was only for the housing of government service holders, not general people,’ he said. Alamgir demanded Tk 50,000 crore refinancing fund with single digit interest rate for the buyers of flats. Jatiya Party presidium member Kazi Firoz Rashid said that the government had no initiative for the betterment of the housing sector rather it created barriers. ‘Nothing happens in the country without intervention of the prime minister. Now my question is that what is the activity of others ministries and ministers,’ he said. Firoz termed Rajdhani Unnayan Kartipakkha a ‘corruption hub’. Dhaka University development studies professor Rashed Al Mahmud Titumir, Awami League lawmaker Nurjahan Begum Mukta and former minister Sheikh ShahidulIslam, among others, spoke at the programme. Source: http://www.newagebd.net/article/42705/tofail-laments-banks-reluctance-to-cut-interest- rate-despite-getting-benefits
DISSATISFIED BANK CLIENTS CLOSED 16.52 LAKH ACCOUNTS IN 2017 The number of customers dissatisfied with banking services has been on the rise as 16.52 lakh dissatisfied customers closed their accounts in Bangladesh in the year 2017, according to a study report released on Thursday. The report was presented at a seminar on ‘sustainability in service quality and customers conformity: drivers of customers’ loyalty to banks’ at Bangladesh Institute of Bank Management Auditorium in Dhaka. A team comprising of BIBM associate professors Mohammad Tazul Islam and Rexona Yesmin, Bangladesh Bank financial integrity and customer service department deputy general manager Mohammad Johirul Hossain, BIBM lecturer Lamiya Rahman and EBL EVP M Khorshed Anowar conducted the study.
39 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 In 2017, 12.5 per cent of around 13 crore bank accounts were closed only because of the customers’ dissatisfaction over the banks’ services, the study report said. Not a single bank out of the 56 scheduled banks managed to escape from such account closure by the customers. The figure of account closure by the customers following dissatisfaction was 8.6 per cent in the year 2014. The figure gradually increased to 9.42 in 2015 and 11.64 per cent in 2016, thus suggesting the need for banks service quality improvement, Mohammad Tazul Islam said. Fifty six per cent of the banks did not keep any record of the accounts closed due to dissatisfaction over service quality. To improve the situation, commercial banks will have to ensure better service quality for their customers along with taking remedial steps to prevent such account closure, he said. BIBM chair professor Barkat-e-Khuda said that customer satisfaction was a key factor of success in economics. Besides providing good products, banks have to ensure good service quality as well, he said. Former Bangladesh Bank deputy governor and BIBM chair professor Khondker Ibrahim Khaled said that the bankers should be taught some courtesies in their foundation course. He also observed that the majority of the banks’ employees do not behave well with customers. Khaled said that a good banker should be a good public relation person as well. Bangladesh Krishi Bank managing director Md Ali Hossain Prodhania said that the banks should formulate a policy considering the changed requirements of the customers. Banks should segregate customers in different criteria and formulate plans for the criterion-specific customers, he said. Dhaka University marketing department professor Md Mizanur Rahman said that the banks most equipped with strategies made profit the most. Therefore, he said, banks have to implement their strategies by providing quality services to their customers. BIBM director general Toufic Ahmad Choudhury presided over the seminar where BIBM director Prashanta Kumar Banerjee was present, among others. Source: http://www.newagebd.net/article/42555/dissatisfied-bank-clients-closed-1652-lakh- accounts-in-2017
THE RAPID GROWTH OF AGENT BANKING IN BANGLADESH 'As per the central bank’s provisions, it is expected that the agents will provide the maximum number of services to the clients. Therefore, they should not limit themselves only to facilitating account access to customers or transferring money' Within just one-and-a-half years of its inception, agent banking has been able to attract a huge number of clients, forcing most commercial banks to take up this alternative form of financial service in addition to branch-based banking. Agent banking is a limited scale banking and financial service for those living in remote areas across the country through persons under a valid agency agreement, rather than a teller or cashier, according to Bangladesh Bank agent banking guideline 2013. An agent is a third party owner of an outlet who conducts banking transactions such as cash deposits, withdrawals, small value loan disbursement and recovery of loans, transfer of funds, paying bills under the government’s social safety net programs, and account inquiries on behalf of a bank. Although the central bank issued an agent banking guideline in 2013, the first banks started full- fledged agent operations in 2016. The business took off almost immediately, with 544,536 accounts opened with deposits of Tk380.68 crore opened between October and December that year. By the end of March this year, the number of agent banking accounts stood at 1,468,797 with deposits of Tk1,634.36 crore, according to the latest estimate of Bangladesh Bank. It started off with 10 banks and now 16 commercial banks run agent operations - Dutch-Bangla Bank Limited (DBBL), Bank Asia, Al-Arafah Islami Bank, Social Islami Bank Limited, Modhumoti Bank Ltd,
40 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 Mutual Trust Bank Limited, NRB Commercial Bank, Standard Bank Ltd, Agrani Bank Ltd, Midland Bank, First Security Islami Bank, The City Bank, Islami Bank Bangladesh Ltd, The Premier Bank Ltd, United Commercial Bank Limited, and AB Bank Limited. Meanwhile, Trust Bank, South Bangla Agriculture and Commerce Bank, Brac Bank Ltd, and NRB Bank have secured licenses from the central bank to operate agent banking, but they are yet to launch the service. Secret behind the growth Agent banking has been able to get such popularity mainly for its simplicity to the clients and cost- effectiveness for the banks. According to a research paper titled, “Alternative delivery channel: Opportunities and challenges of the new banking environment” by Bangladesh Institute of Bank Management (BIBM), agent banking has become popular because of its benefits for both the banks and clients, while the country’s economy is also being benefited through financial inclusion. According to the paper, the banks have been able to increase customer volume, improve financial appearance, lower operating costs, expansion of business, increase deposit collection, improve banks’ branding and widen their spreads. Agent banking has facilitated customers by providing full-fledged banking services at their doorsteps in the remote area, and it has made convenient and easy for channeling remittance. Until March, 31, 2018, Tk2,674 crore of inward remittances was channeled through 4,905 agent banking outlets across the country. The agent banking outlets are now not only limited to services like cash deposits, cash withdrawal remittance payment only, the banks have started giving out small loans through the outlets. As of March 31, this year, six banks have disbursed Tk122.25 crore in credit through their agent banking outlets. Challenges Though substantial progress has been made in the area of agent banking in terms of the number of agents, account-holders and deposits, there are a number of challenges confronting the growth of this new tool of banking. The BIBM research paper identified seven challenges for banks. The challenges are: selection and monitoring of agents, cheque book issue and clearing cheque, limited transaction time, power failure, cash carrying or management risk, physical and cyber security, and settlement of complaints. Another research paper by BIBM titled “Agent Banking: Effectiveness in Financial Inclusion,” says product lending is still absent in the agent banking outlets. “As per the central bank’s provisions, it is expected that the agents will provide the maximum number of services to the clients. Therefore, they should not limit themselves only to facilitating account access to customers or transferring money,” it says. Central bank data says agent banking is concentrated in two banks, with DBBL and Bank Asia covering more than 86% of agent banking accounts. By the end of March 2018, a total of 884,680 accounts were opened through DBBL and 380,936 accounts through Bank Asia. A senior official of Bangladesh Bank said the central bank was preparing a revised draft of the existing agent banking guideline, which will be finalized and approved very soon. Source: https://www.dhakatribune.com/business/2018/06/03/the-rapid-growth-of-agent-banking- in-bangladesh
বযা廬রকে পেবায় অেন্তুষ্ট গ্রাহক বােরছ েোাংলোদেি ইন্শি綿উে অে েযোাংক মযোদন্জদমদের (শেআইশেএম) গদেষণো প্রশতদেেদন্ েলো িদ দে, েযোাংশকাং টেেো অেন্তুষ্ট গ্রোিক োংখযো েোড়দে। ২০১৪ েোদল টমোে গ্রোিদকর ৮ েিশমক ৬০ িতোাংি অেন্তুষ্ট িদ েযোাংক শিেোে ে কদর টে । ২০১৫ েোদল এ ধ্রদন্র গ্রোিদকর োংখযো টেদড় েোোঁড়ো ৯ েিশমক
41 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 ৪২ িতোাংি। ২০১৬ েোদল এ োংখযো আরও টেদড় েোোঁড়ো ১১ েিশমক ৬৪ িতোাংি। েেৃদিষ ২০১৭ েোদল ১৬ লোখ ৫২ িোজোর ৮৮১綿 েযোাংক শিেোে ে িদ দে অেন্তুশষ্টর কোরদণ, যো টেদির টমোে েযোাংক শিেোদের েোদড় ১২ িতোাংি। েতিস্পশতেোর রোজধ্োন্ীর শমরপুদর শেআইশেএম শমলন্ো তদন্ েযোাংদকর টেেোর মোন্ শন্দ এক টেশমন্োদর উপ োশপত প্রশতদেেদন্ এ তর্য উপ োপন্ করো ি । টেশমন্োদর প্রশতদেেন্綿 উপ োপন্ কদরন্ শেআইশেএদমর েিদযোগী অধ্যোপক ড. টমোিো ে তোজুল ইেলোম। গদেষণো েদল আরও শেদলন্ শেআইশেএদমর েিকোরী অধ্যোপক টরদক্সোন্ো ই োেশমন্, শেআইশেএদমর প্র োষক লোশম ো রিমোন্, ইিোন্ৃ েযোাংক শলশমদেদডর এশক্সশকউ綿 োইে টপ্রশেদডে এোং অযোশক্টাং টিড অে শরদেইল এম টখোরদিে আদন্ো োর এোং েোাংলোদেি েযোাংদকর ফোইন্যোশি োল ইশেশগ্র綿 এোং কোিমোর েোশ ৃে শডপোেৃদমদের উপ-মিোেযে োপক টমোিো ে জশির টিোদেন্। টেশমন্োদর উপশ ত শেদলন্ েোাংলোদেি েযোাংদকর েোদেক টডপু綿 গ ন্ৃর টখোন্দকোর ইব্রোশিম খোদলে, শেআইশেএদমর টচ োর প্রদফের এোং ঢোকো শেেশেেযোলদ র অর্ৃন্ীশত শে োদগর েোদেক অধ্যোপক ড. েরকত-এ-টখোেো, রোি েযোাংদকর েযে োপন্ো পশরচোলক এোং প্রধ্োন্ শন্েৃোিী কমৃকতৃো ফো쇁ক মঈন্ুশিন্, ঢোকো শেেশেেযোলদ র মোদকৃ綿াং শে োদগর অধ্যোপক ড. টমো. শমজোন্ুর রিমোন্, েোাংলোদেি েযোাংদকর েোদেক শন্েৃোিী পশরচোলক এোং শেআইশেএদমর েুপোরশন্উমোরোশর অধ্যোপক ই োশেন্ আলী, কতশষ েযোাংদকর েযে োপন্ো পশরচোলক টমো. আলী টিোদেন্ প্রধ্োশন্ ো প্রমুখ। অন্ুষ্ঠোদন্ ে োপশতত্ব কদরন্ শেআইশেএদমর মিোপশরচোলক ড. টতৌশফক আিমে টচৌধ্ুরী। শতশন্ গ্রোিকদের েযোাংশকাং টেেোর মোন্ আরও েোড়োদন্োর ওপর 巁쇁ত্বোদরোপ কদরন্। অন্ুষ্ঠোদন্ স্বোগত েক্তেয রোদখন্ শেআইশেএদমর অধ্যোপক এোং পশরচোলক (গদেষণো, উ ন্ এোং পরোমিৃ) ড. প্রিো 嗁মোর েযোন্োশজৃ । শতশন্ টেশমন্োদরর শেষদ র ওপর েূচন্ো েক্তেয টেন্। প্রশতদেেদন্ েলো ি , প্রশত েের গ্রোিকরো অদন্ক েযোাংক শিেোে ে করদলও ৫৬ িতোাংি েযোাংদক এ শেষদ গ্রোিকদের টকোদন্ো েোিোৎকোর টন্ও োর েযে ো টন্ই। এমন্শক ে িদ যোও ো এেে েযোাংক শিেোেধ্োরীর টকোদন্ো টরকডৃও োংরিণ করো ি ন্ো। এ অে ো টর্দক উিরদণর জন্য েোশণশজযক েযোাংক巁দলোদক েযোাংশকাং টেেো গ্রোিকদের আরও োদলো টেেো শেদত িদে। একই েদ টকন্ েযোাংক শিেোে ে িদে তো টজদন্ টে অন্ুযো ী েযে ো শন্দত িদে। অধ্যোপক ড. েরকত-এ-টখোেো েদলন্, অর্ৃন্ীশতদত গ্রোিক েন্তুশষ্ট েোফলয অজৃদন্র অন্যতম শন্ োমক। েযোাংশকাং খোদতও োদলো পদণযর েদ োদলো টেেো প্রেোন্ করদত িদে। টখোন্দকোর ইব্রোশিম খোদলে েদলন্, ফোউদন্ডিন্ প্রশিিদণই েযোাংশকাং খোদত কমীদের শকেু টেৌজন্যতো শিশখদ শেদত িদে। েম্প্রশত েোশণশজযক েযোাংক巁দলোর কমৃকতৃোদের এক綿 েড় অাংি গ্রোিকদের েদ টেৌজন্যমূলক েযেিোর কদর ন্ো। েযোাংকোরদের গ্রোিকদের আ ো অজৃন্ করদত িদে। একজন্ োদলো েযোাংকোর িদেন্ একজন্ োদলো জন্োংদযোগ কমৃকতৃো। টমো. আলী টিোদেন্ প্রধ্োশন্ ো েদলন্, েযোাংশকাং খোদতর গ্রোিকদের চোশিেোর পশরেতৃন্ িদ দে। েুতরোাং শেষ 綿 শেদেচন্ো শন্দ েযোাংদকর টকৌিল প্রণ ন্ করদত িদে। গ্রোিকদের মদধ্য কযোেোগশর কদর পশরকল্পন্ো করদল ইশতেোচক ফল শন্দ আেদে। ফো쇁ক মঈন্ুশিন্ আিদমে েদলন্, গ্রোিকদের েন্তুশষ্ট এোং দ্রুত টেেো টেও োর জন্য েযোাংদকর কমৃকতৃোদের প্রশিিদণর েযে ো করদত িদে। অধ্যোপক ড. টমো. শমজোন্ুর রিমোন্ েদলন্, টয েযোাংদকর টকৌিল যত উ ত তোরো টেশি মুন্োফো কদর। গ্রোিকদক উিম টেেো শেদ ই টকৌিল েো েো ন্ করদত িদে। েযোাংশকাং খোদত অেু প্রশতদযোশগতো চলদে। Source: http://www.samakal.com/todays-print-edition/tp-industry-trade/article/180632/েযোাংদকর-টেেো -অেন্তুষ্ট-গ্রোিক-েোড়দে
অননুরিাত্ি েিরয় প ােণা ছাোই পেয়াে তবতি করেরছন োহোলাল বযা廬ক উর্যাক্তা! টকোদন্ো ধ্রদন্র পূেৃদ োষণো েোড়োই শন্শষদ্ধ েমদ অধ্ৃদকো綿রও টেশি টি োর শেশক্র কদরদেন্ িোিজোলোল ইেলোমী েযোাংক শলশমদেদডর উদেযোক্তো টমোিো ে িোেোন্। তোেোড়ো টি োর শেশক্র টর্দক প্রোপ্ত মূলধ্শন্ মুন্োফোর ওপর প্রদযোজয ৫ িতোাংি করও এদিদত্র পশরদিোধ্ করো ি শন্। এদত টি োর শেশক্রর মোধ্যদম শেশকউশর綿জ আইদন্র পোিোপোশি আ কর আইন্ও কদরদেন্ েযোাংক綿র এ উদেযোক্তো। এ শেষদ শন্ ন্ত্রক োং ো েোাংলোদেি শেশকউশর綿জ অযোন্ড এক্সদচঞ্জ কশমিদন্ (শেএেইশে) জমো টে ো এক তে প্রশতদেেদন্ এমন্綿ই জোশন্দ দে চট্টগ্রোম িক এক্সদচঞ্জ (শেএেই) কততৃ পি। শেএেইর প্রশতদেেন্ অন্ুেোদর, গত েেদরর অদক্টোেদর উদেযোক্তো টমোিো ে িোেোদন্র কোদে পুোঁশজেোজোদর তোশলকো ু ক্ত িশর োিশ শিক েযোাংক綿র ২ টকো綿 ৩১ লোখ ৭৭ িোজোর ৯৪১綿 টি োর শেল। তদে এর পদরর মোদেই, অর্ৃোৎ ন্দ ম্বদর তোর টি োর োংখযো কদম ১ টকো綿 ৭৫ লোখ ৬৩ িোজোদর েোোঁড়ো। এক মোদের েযেধ্োদন্ টমোিো ে িোেোন্ েযোাংক綿র ৫৬ লোখ ১৪ িোজোর ৯৪০綿 টি োর শেশক্র কদর টেন্। তদে এ-োংক্রো টকোদন্ো পূেৃদ োষণো শেএেইশে, শডএেই শকাংেো শেএেইর কোদে পোঠোদন্ো ি শন্। আর ট োষণো েোড়োই টি োর শেশক্র করোর কোরদণ িক এক্সদচদঞ্জর পদি ৫ িতোাংি িোদর কযোশপেোল টগইন্ েযোক্স টকদে রোখোও ে ে ি শন্। টি োর শেশক্রর শেষদ শেএেইর পি টর্দক িোিজোলোল ইেলোমী েযোাংদকর উদেযোক্তো টমোিো ে িোেোদন্র কোদে েযোখযো চোও ো িদ শেল। শেএেইর শচ膿র জেোদে শতশন্ গত েেদরর ন্দ ম্বদর তোর কোদে র্োকো েযোাংক綿র শকেু টি োর শেশক্রর তর্য শন্শিত কদরদেন্। শেএেইর পযৃদেিণ অন্ুেোদর, পূেৃদ োষণো েোড়ো টি োর শেশক্রর ফদল শেএেইশের ২০১০ েোদলর জোশরকতত এেইশে/ শেএমআরআরশেশড/২০০৯- ১৯৩/৪৯/অযোডশমন্/ ০৩-৪৮ শন্দেৃিন্ো লঙ্ঘন্ করো িদ দে। পোিোপোশি িক এক্সদচদঞ্জর শলশিাং টর巁দলিন্ও করো িদ দে। শেশকউশর綿শজ ও এক্সদচঞ্জ কশমিন্ (েুশেধ্োদ োগী েযেেো শন্শষদ্ধকরণ ) শেশধ্মোলো ১৯৯৫-এর শেশধ্-৪-এর উপশেশধ্ ২ অন্ুেোদর িক এক্সদচদঞ্জ তোশলকো ু ক্ত টকোম্পোশন্র টকোদন্ো উদেযোক্তো, পশরচোলক, কমৃকতৃো েো কমৃচোরী, শন্রীিক েো শন্রীিোর েদ োংশিষ্ট েযশক্ত, পরোমিৃক েো আইন্ উপদেষ্টো শকাংেো শেশকউশর綿জ অযোন্ড এক্সদচঞ্জ অশডৃন্যোি ১৯৬৯-এর টেকিন্ ১২টত উশল্লশখত েুশেধ্োদ োগী উক্ত টকোম্পোশন্র েোশষৃক শিেোে েমোপ্ত িও োর দুই মোে আদগ টর্দক টকোম্পোশন্র পষৃে কততৃ ক েোশষৃক শিেোে চূ ড়ো অন্ুদমোেদন্র তোশরখ পযৃ টকোদন্ো টি োর ক্র -শেক্র শকাংেো অন্য টকোদন্ো োদে োন্ো র েো গ্রিণ
42 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 করদত পোরদে ন্ো। ফদল িোিজোলোল ইেলোমী েযোাংদকর উদেযোক্তো টমোিো ে িোেোন্ ২০১৭ েোদলর ৩১ শডদেম্বর শিেোে েের েমোপ্ত িও োর দুই মোে আদগ ন্দ ম্বদর টি োর শেশক্র করোর মোধ্যদম শেশকউশর綿জ ও এক্সদচঞ্জ কশমিন্ (েুশেধ্োদ োগী েযেেো শন্শষদ্ধকরণ) শেশধ্মোলো ১৯৯৫-এর শেশধ্-৪-এর উপশেশধ্ ২-এর শেধ্োন্ লঙ্ঘন্ কদরদেন্। এেোড়ো আ কর অধ্যোদেি ১৯৮৪-এর টেকিন্ ৫৩এম অন্ুেোদর টি োর শেশক্র শকাংেো ি ো দরর আদগ কর পশরদিোদধ্র শন্ ম র্োকদলও এদিদত্র তো লঙ্ঘন্ করো িদ দে। এ শেষদ জোন্দত চোইদল িোিজোলোল ইেলোমী েযোাংদকর টকোম্পোশন্ েশচে আেুল েোিোর েশণক েোতৃোদক েদলন্, টকোদন্ো উদেযোক্তো েো পশরচোলক টি োর শকন্দত েো টেচদত চোইদল েযোাংক কততৃ পিদক জোন্ো। তদে এ উদেযোক্তোর টি োর শেশক্রর শেষ 綿 েম্পদকৃ েযোাংক কততৃ পিও অেগত শেল ন্ো। এখন্ শতশন্ আমোদের পষৃদেও টন্ই। শেশডশেএদলর কোে টর্দক মোে টিদষ টি োরদিোশোংদ র তর্য পোও োর পর শেষ 綿 আমোদের ন্জদর এদেদে। শেষ 綿 আমরো এক্সদচঞ্জ কততৃ পিদক অেগত কদরশে। শতশন্ আদরো জোন্োন্, উদেযোক্তো টমোিো ে িোেোন্ পিো োতগ্র অে ো আদেন্। আমোদের জোন্োমদত অন্য েোশণশজযক েযোাংদক তোর শকেু টি োর শলদ দন্ রোখো শেল। পোওন্ো আেোদ োংশিষ্ট েযোাংক কততৃ পি টেেে টি োরই শেশক্র কদর শেদ শেল শকন্ো, তো আমোর জোন্ো টন্ই। এশেদক অেু টমোিো ে িোেোদন্র েক্তেয পোও ো যো শন্। তোর েযশক্তগত শেও শিেোে শেল িোিজোলোল ইেলোমী েযোাংক শেশকউশর綿জ শলশমদেদড। টব্রোকোদরজ িোউজ綿র প্রধ্োন্ শন্েৃোিী কমৃকতৃো টমো. আদন্ো োর টিোদেন্ েদলন্, আমোদের িোউদজ উন্োর শেও শিেোে র্োকদলও গত ন্দ ম্বদর টয টি োর শেশক্র িদ দে, টে綿 আমোদের মোধ্যদম ি শন্। শেএেইশের ঊর্ধ্ৃতন্ এক কমৃকতৃো জোন্োন্, িোিজোলোল ইেলোমী েযোাংদকর উদেযোক্তো টমোিো ে িোেোন্ ট োষণো েোড়োই শন্শষদ্ধ েমদ টি োর শেশক্রর মোধ্যদম শেশকউশর綿জ আইন্ লঙ্ঘন্ কদরদেন্। এ শেষদ শেএেইর এক綿 প্রশতদেেন্ আমোদের কোদে এদেদে। শডএেইর প্রশতদেেন্綿 িোদত টপদল আমরো প্রদ োজন্ী েযে ো টন্ে। প্রে ত, িোিজোলোল ইেলোমী েযোাংদকর উদেযোক্তো টমোিো ে িোেোন্ েেৃদিষ ২০১২ েোদল েযোাংক綿র পষৃদে পশরচোলক শিদেদে েোশ ত্ব পোলন্ কদরদেন্। শতশন্ এইচঅযোন্ডআর গ্রুপ অে টকোম্পোশন্জ, এইচঅযোন্ডআর টি োর মযোদন্জদমে শলশমদেড, এইচঅযোন্ডআর লযোন্ড টডদ লপদমেে শলশমদেড, এইচঅযোন্ডআর এদগ্রো কমটেক্স, এইচঅযোন্ডআর ইউশন্ োেৃ ইমদপক্স শলশমদেড, এইচঅযোন্ডআর এন্োশজৃ শলশমদেড ও েোোঁধ্ন্ ফুড ইন্ডোশিদজর েযে োপন্ো পশরচোলক। তোেোড়ো টমোিো ে িোেোন্ টফমোে গ্রুপ অে টকোম্পোশন্জ শলশমদেড, টফমোে শপ্রশোং অযোন্ড পযোদকশজাং শলশমদেড, টফমোে পোরশফউমোশর েোেোই োেৃ, টফমোে টজন্োদরল এদজশিজ, গ্রীন্ টেোপ অযোন্ড টকশমকযোল টকোম্পোশন্ শলশমদেড, েোউর্ইি ইউশন্ োশেৃ綿, ইদডন্ মোশি টক োর িেশপেোল শলশমদেড ও ইউশন্ োেৃোল টিলর্ েোশ ৃদেে অযোন্ড শরেোচৃ শলশমদেদডর পশরচোলক। এেোড়ো শতশন্ েোাংলোদেি েোশিক 巁ডে মযোন্ুফযোকচোরোেৃ অযোন্ড এক্সদপোেৃোদেৃর (শেশপশজএমইএ) োইে টপ্রশেদডে শেদলন্। Source: http://bonikbarta.net/bangla/news/2018-06-03/159855/
বযা廬ক ও িাতলকাবতহর্ভয ি পকাম্পাতনে কেহাে কিরছ কদ ক েের ধ্দরই করদপোদরে করিোর কমোদন্োর েোশে জোশন্দ আেদেন্ েযেেো ীরো। একোশধ্কেোর এ করিোর কমোদন্োর উদেযোগও টন্ ো ি । যশেও েড় রোজস্ব লদিযর কোরদণ টিষ পযৃ েদর আদে েরকোর। তদে আগোমী ২০১৮-১৯ অর্ৃেেদরর েোদজদে েযোাংক ও তোশলকোেশি ূৃ ত টকোম্পোশন্র করদপোদরে করিোর শকেুেো কমদে েদল জোতী রোজস্ব টেোডৃ (এন্শেআর) েূত্র শন্শিত কদরদে। এন্শেআর কমৃকতৃোরো েলদেন্, েযোাংশকাং খোদত েুেিোর কশমদ শেশন্দ োদগ গশত আন্দত চো েরকোর। এদিদত্র েযোাংক巁দলোর আদ েমন্ব আন্দত ২০১৮- ১৯ অর্ৃেেদরর েোদজদে করদপোদরে করিোদর শকেুেো েোড় টে োর পশরকল্পন্ো িদ দে। এর অাংি শিদেদে েযোাংশকাং খোদত শেেযমোন্ দু綿 স্ল্যোদে (তোশলকো ু ক্ত ও তোশলকোেশি ূৃ ত) এ করিোর টেড়-দুই িতোাংিী পদ ে কমোদন্ো িদে। টেই েদ পুোঁশজেোজোদরর েোইদর র্োকো টকোম্পোশন্র করদপোদরে করিোরও টেড় িতোাংিী পদ ে কমদে। শেশন্দ োগ উৎেোশিত করদত এন্শেআর করদপোদরে করিোর কমোদন্ো আগ্রিী েদল জোন্োন্ োং ো綿র টচ োরমযোন্ ও অ য রীণ েম্পে শে োদগর টজযষ্ঠ েশচে টমো. টমোিোররফ টিোদেন্ োঁু ই ো। েশণক েোতৃোদক শতশন্ েদলন্, টেদি করদপোদরে করিোর অদন্ক টেশি উদল্লখ কদর তো কমোদন্োর জন্য েযেেো ীরো েী ৃশেন্ ধ্দরই েোশে জোশন্দ আেদেন্। অর্ৃমন্ত্রীও এ েযোপোদর ইশতেোচক। আমরো অন্যোন্য টেদির েদ েোাংলোদেদির করদপোদরে করিোর পযৃোদলোচন্ো কদর খুে টেশি পোর্ৃকয পোইশন্। তদে শেশন্দ োগ উৎেোশিত করদত করদপোদরে করিোর কশমদ আন্দত চোই আমরো। রোজস্ব আিরদণর তোশগদের কোরদণ একেোদরই তো কশমদ আন্ো ে ে ন্ । আমোদের লিয ধ্ীদর ধ্ীদর তো কশমদ আন্ো। আগোমী অর্ৃেেদরই কদ ক綿 খোদত আমরো েুোংেোে শেদত পোরে েদল আিো করশে। শেেযমোন্ কোঠোদমো অন্ুযো ী আে綿 স্ল্যোদে টকোম্পোশন্র করদপোদরে কর আিরণ কদর এন্শেআর। প্রর্ম স্ল্যোদে পুোঁশজেোজোদর তোশলকো ু ক্ত টকোম্পোশন্দক ২৫ িতোাংি িোদর এ কর পশরদিোধ্ করদত ি । আগোমী েোদজদে এ িোর অপশরেশতৃত র্োকদত পোদর। শিতী স্ল্যোদে তোশলকোেশি ূৃ ত টকোম্পোশন্র মুন্োফোর ওপর ৩৫ িতোাংি কর আিরণ কদর এন্শেআর। আগোমী েোদজদে তো ৩৩ েিশমক ৫ িতোাংি িদত যোদে। েযেেো ীদের েোশে ও অন্যোন্য টেদির করদপোদরে করিোর পযৃোদলোচন্ো কদর এ খোদত করিোর কমোদন্ো িদে েদল জোশন্দ দে এন্শেআর। শেেযমোন্ কোঠোদমোর তত তী ও চতু র্ৃ স্ল্যোদের অধ্ীদন্ করদপোদরে কর আিরণ করো ি ৫৭綿 েযোাংক টর্দক। মোদচৃে েযোাংক েোড়ো েীমো ও আশর্ৃক প্রশতষ্ঠোন্巁দলোদক একই স্ল্যোদের অধ্ীদন্ কর পশরদিোধ্ করদত ি । এর মদধ্য পুোঁশজেোজোদর তোশলকো ু ক্ত েযোাংক, েীমো ও আশর্ৃক প্রশতষ্ঠোন্巁দলোর (মোদচৃে েযোাংক েোড়ো) টিদত্র করদপোদরে কর প্রদযোজয ৪০ িতোাংি। ২০১৩ েোদল অন্ুদমোেন্ পোও ো ন্তু ন্ েযোাংক巁দলোদকও শেদিষ েুশেধ্ো এ স্ল্যোদে করদপোদরে কর পশরদিোদধ্র েুদযোগ টে ো িদ দে। চতু র্ৃ স্ল্যোদে ৪২ েিশমক ৫০ িতোাংি িোদর কর পশরদিোধ্ করদত ি তোশলকোেশি ূৃ ত েযোাংক, েীমো ও আশর্ৃক প্রশতষ্ঠোন্দক। েযোাংক巁দলোর করদপোদরে কদরর টিদত্র এ দু綿 স্ল্যোদেই করদপোদরে করিোর টেড়-দুই িতোাংিী পদ ে কমোদন্ো িদত পোদর। অর্ৃোৎ
43 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 তোশলকো ু ক্ত েযোাংদকর করদপোরে কর িদত পোদর ৩৮ টর্দক েোদড় ৩৮ িতোাংি। তোশলকোেশি ুৃ ত েযোাংদকর টিদত্র এ িোর ৪০ িতোাংদি টন্দম আেদত পোদর। এর আদগ ২০১৪-১৫ অর্ৃেেদর তোশলকো ু ক্ত েযোাংদকর করিোর ৪২ েিশমক ৫০ টর্দক ৪০ িতোাংি করো ি । তদে তোশলকোেশি ূৃ ত েযোাংদকর করিোর ে েের ধ্দর একই আদে। েুেিোর কশমদ েযোাংক巁দলো টযন্ টেেরকোশর খোদত শেশন্দ োদগর পর মুন্োফো র্োকদত পোদর, টে綿 শেদেচন্ো শন্দ ই করদপোদরে করিোর কমোদন্োর উদেযোগ টন্ ো িদ দে েদল জোশন্দ দে এন্শেআর। েুেিোর কমোদন্ো ও টেড েমন্বদ র পরও েযোাংক巁দলো টযন্ মুন্োফো র্োকদত পোদর, তোর জন্য করদপোদরে করিোর কমোদন্ো জ쇁শর েদল মদন্ কদরন্ েযোাংকোররোও। েযোাংদকর প্রধ্োন্ শন্েৃোিীদের োংগঠন্ অযোদেোশেদ িন্ অে েযোাংকোেৃ েোাংলোদেদির (এশেশে) টচ োরমযোন্ ও ঢোকো েযোাংদকর েযে োপন্ো পশরচোলক (এমশড) তে ে মোিেুেুর রিমোন্ এ প্রেদ েশণক েোতৃোদক েদলন্, চলমোন্ োংকে ও অন্যোন্য টেদির তু লন্ো আমোদের করদপোদরে করিোর টেশি িও ো তো েমন্বদ র জন্য েী ৃশেন্ ধ্দরই আমরো েোশে জোশন্দ আেশে। েুেিোর কশমদ আন্োর পর করদপোদরে কর ন্ো কমদল েযোাংদকর মুন্োফোর শকেু র্োকদে ন্ো। আমোদের প্র োে িদলো, েযোাংদকর করদপোদরে করিোর ৩৫ িতোাংদি ন্োশমদ আন্ো। েযোাংক ও তোশলকোেশি ূৃ ত টকোম্পোশন্ েোড়ো পদরর চোর綿 স্ল্যোদে করদপোদরে করিোদর আগোমী অর্ৃেেদর টকোদন্ো পশরেতৃদন্র ে োেন্ো টন্ই েদল জোশন্দ দে এন্শেআর েূত্র। পদরর চোর綿 স্ল্যোদে েতৃমোদন্ মোদচৃে েযোাংক টর্দক ৩৭ েিশমক ৫০, শেগোদরে, জেৃো, 巁লেি তোমোকজোত দ্রেয প্রস্তুতকোরী টকোম্পোশন্ টর্দক ৪৫, তোশলকো ু ক্ত টেলদফোন্ অপোদরের টর্দক ৪০ ও তোশলকোেশি ূৃ ত অপোদরের টর্দক ৪৫ িতোাংি িোদর করদপোদরে কর আেো করো ি । এেোড়ো ততশর টপোিোক খোদতর প্রশতষ্ঠোন্ টর্দক ১০ ও ১২ িতোাংি, েমেো প্রশতষ্ঠোন্ টর্দক ১৫ ও টকোম্পোশন্র ল যোাংদির ওপর ২০ িতোাংি িোদর করদপোদরে কর আিরণ করদে এন্শেআর। Source: http://bonikbarta.net/bangla/news/2018-06-03/159897/
Capital Market Specific
DHAKA STOCKS DIP FOR 6TH WEEK AS PESSIMISM GRIPS MARKET Dhaka stocks in the past week dropped for the sixth consecutive week as investors remained confused about the market behaviour ahead of the upcoming national budget. DSEX, the key index of Dhaka Stock Exchange, lost 1.58 per cent or 85.81 points over the week to finish at 5,343.88 points on Thursday, the last trading session of the week. The key index shed 500 points in the last six weeks, with just five positive sessions, wiping out Tk 27,772.50 crore from the market capitalisation. Despite a brief positive start on Sunday, the first trading session, with the move from the intermediaries, the market resumed losing streak on the following day and continued to fall for the rest of the sessions of the past week. Investors, finding no hope of positive return, kept share sales to avoid further losses, market operators said. The relentless downfall in recent times caught the investors off guard as they have become confused about what should be their moves. The downtrend sapped prices of most of the trusted scrips. Share prices of Grameenphone, BRAC Bank, Islami Bank, City Bank, Investment Corporation of Bangladesh and Square Pharmaceuticals plummeted by more than 10 per cent over the six-week falling spell. The investors feared that the market would remain in the negative territory ahead of the budget, scheduled to be announced on June 7. The market has been undergoing a series of issues that kept pushing the investors to the exit. The banking sector has been infected with scams, huge amount of default loans and poor regulatory actions that cut earnings of most of the banks. The poor disclosures by most of the high-profile companies worsen the situation. The government’s failure to revive the financial market by providing a series of facilities, including policy relaxation, also raised questions among the investors.
44 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 United International University professor Mohammad Musa told New Age that the market was falling mainly due to the uncertain political situation ahead of election, vulnerable financial market and Eid centric sale pressure. He also said that a huge amount of money might have been laundered which resulted in liquidity crisis in the financial market. Out of the 342 companies and mutual funds traded in the past week, 214 declined, 102 advanced, and 26 remained unchanged. ‘The capital bourse of the country extended their losing streak as macro fundamentals has made investors wary of widening current account deficit and depreciation of BDT against USD. Furthermore, investors are concerned regarding upcoming budget declaration,’ said EBL Securities in its weekly market commentary. The financial sectors led the nosedive over the week with a decline in share prices of bank and non- bank financial institutions by 1.6 per cent and 1.0 per cent respectively. Besides, share prices of telecommunication, pharmaceuticals and energy sectors dropped by 3.3 per cent, 2.4 per cent, 0.5 per cent respectively. Average daily turnover on the bourse, dropped to Tk 453.03 crore compared with that of Tk 471.58 crore in the previous week. DS30, the blue chip index of the DSE, also plummeted 1.98 per cent, or 39.88 points, to close at 1,975.00 points over the week. Shariah index DSES, slumped 1.70 per cent, or 21.39 points, to close at 1,238.31 points. Intraco Refueling Station led the turnover chart with its shares worth Tk 118.53 crore changing hands. Bangladesh Export Import Company, Berger Paints Bangladesh, Alif Industries, United Power Generation Company, Bangladesh Steel Re-Rolling Mills, Legacy Footwear, Queen South Textile Mills, Miracle Industries and Monno Ceramics were the other turnover leaders. Alif Industries gained the most in the week with a 17.50 -per cent increase in its share prices, while Rupali Bank was the worst loser shedding 16.97 per cent. Source: http://www.newagebd.net/article/42706/dhaka-stocks-dip-for-6th-week-as-pessimism- grips-market
FUNDAMENTALLY POOR SHARES JUMP DESPITE MARKET FALL The share prices of fundamentally poor companies at the Dhaka Stock Exchange soared in May when all high-profile companies plunged. The DSE key index, DSEX, lost 500 points in last six weeks that eroded prices of all the ‘trusted’ stocks except Khulna Power Company, United Power Generation and Berger Paints Bangladesh, market operators said. The DSEX lost 395 points in May, coming down to 5,343.87 points on May 31 from 5,739.22 points on April 30. Market operators said investors, finding nowhere to flee amid a prolonged downward trend at the market, chose the non-fundamental stocks for investment amid various rumours about the scrips. The country’s capital market is driven by the general investors who lack knowledge for investment in the capital market, they said. Stock market experts said investors’ rumour-based investments and negligence in making investment decisions were major reasons for the abnormal hike in prices of these stocks. Lack of effective regulatory action against manipulators and rumour-mongers also contributed to the unusual hike, they said. The share prices of Legacy Footwear soared by 58 per cent in May to settle at Tk 91.6 on May 31. In reply to the DSE’s query about the reason of the price hike, the company repeatedly informed the bourse that there was no price sensitive information behind the surge. The company also requested investors not to bring rumours into consideration before investing their funds.
45 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 It was seen that investors were keen to invest in the newly listed companies. Queen South Textile Mills, which launched its trading on March 13, surged by 20 per cent over the month of May to close at Tk 54 on May 31. The company informed the DSE thrice that it had no undisclosed price sensitive information behind the recent unusual price hike of its shares. Newly listed Intraco Refueling Station since its debut on May 17 surged by 19.27 per cent. Advent Pharmaceuticals, which made its debut on April 12, surged over 10 per cent in May. Alif Industries surged by 24 per cent in last three trading sessions. Monno Jute Stafflers and SinoBangla Industries also shot up by 32.77 per cent and 22.17 respectively in May. In response to DSE queries in May, the companies also informed the bourse that there was no undisclosed price sensitive information of the companies for the unusual price hike of their shares. Kay & Que, Miracle Industries and Shepherd Industries also soared by more than 10 per cent in May sans price sensitive information. Market experts said investors preferred junk shares due to lack of knowledge and lack of product variety at the market. They said the Bangladesh Securities and Exchange Commission should strengthen its market monitoring, otherwise the small-scale investors would suffer losses. United International University business faculty professor Mohammad Musa told New Age that there were several reasons for the price hike of low-profile companies. ‘Sponsor-directors of such companies are often involved in malpractices to raise the companies’ share prices,’ he said. Some of the brokerage houses are also linked with market syndicates to make quick gain, he said. ‘So, investors should not invest in the low-profile companies on the basis of rumours,’ he added. Source: http://www.newagebd.net/article/42621/fundamentally-poor-shares-jump-despite-market- fall
STAKEHOLDERS CALL FOR INITIATIVES TO BOOST INVESTMENT IN UPCOMING BUDGET Researchers and stakeholders have called for initiatives to increase investment in the upcoming budget. They made the remark at a roundtable titled “National budget 2018-2019: The last moment’s thoughts” organized by Policy Research Institute and Channel 71 in Dhaka on Saturday. Zaidi Sattar, chairman of Policy Research Institute, said: “The contribution of export to GDP ratio should be increased.” He sought reforms in tariff policy. Former Dhaka Chamber of Commerce and Industry president Asif Ibrahim stressed the need for coordination among regulators and ministries. He proposed establishing an advisory authority to expedite the implementation of infrastructure projects. He said the government should form a banking commission to address the problems and irregularities in the sector in the upcoming budget. Centre for Policy Dialogue’s distinguished fellow Mustafizur Rahman said the government should form a public expenditure review commission to ensure the implementation of the Annual Development Program. He also urged the government to complete one Special Economic Zone so that it can be a model. Ahsan H Mansur, executive director of Policy Research Institute, called for the proper use of subsidies allocated in the budget. Former National Board of Revenue chairman Muhammad Abdul Mazid said: “The government should not change tax related laws every year as it makes the businessmen confused.”
46 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 Bangladesh Bank’s Chief Economist Faisal Ahmed, Consumers Association of Bangladesh President Ghulam Rahman, former commerce secretary Suhel A Chowdhury and former finance secretary Siddiqur Rahman Choudhury were also present at the event among others. Source: https://www.dhakatribune.com/business/2018/06/03/stakeholders-call-for-initiatives-to- boost-investment-in-upcoming-budget
IPOS DON'T TEMPT BIG COMPANIES
Lengthy process, legal bindings to publish all information and inconvenience of holding annual general meetings put off big groups from getting listed despite the privilege of 10 percent lower corporate tax. So much that the capital market last year witnessed the lowest initial public offerings and also the smallest amount of funds raised since 2009. “Big companies should come to the capital market to enhance their reputation and ensure good governance,” said Tapan Chowdhury, managing director of Square Pharmaceuticals and former president of the Bangladesh Association of Publicly Listed Companies. Chowdhury said the regulator always keeps an eye on the listed companies, which must ensure accountability in every step. “Many companies don't want to do that level of scrutiny. But this accountability is good for any company.” He urged the government to increase the corporate tax incentive. Merchant bankers said the revenue concealing tendency is a big reason for not getting listed. Most companies don't want to pay tax at all, so tax incentives don't work on them. “Lack of governance in every sphere is the main problem,” said Khairul Bashar Abu Taher Mohammed, secretary general of the Bangladesh Merchant Bankers Association. Big business groups are reluctant to publish information about their companies for many reasons, and they don't want any legal bindings. It takes more than a year to get the approval for IPO in the book- building system, so the companies would have to wait a while to raise funds, said Mohammed, also the chief executive of MTB Capital. “Entrepreneurs can't make any plans on the basis of IPO capital due to the lengthy time for listing,” said Md Salauddin Sikder, managing director of Imperial Capital. For instance, Bashundhara Paper Mills, Aman Cotton Fibrous, STS Holdings and Dhaka Regency Hotel held their road shows in 2016, but none of the companies are yet to get listed on the capital market. “The book-building method is a time-consuming exercise,” said Sikder.
47 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 Merchant bankers cite the case of neighbouring India, where the IPO processing time has been cut down. The average time taken by the Securities and Exchange Board of India in processing draft offer documents has reduced from 78 days in 2016-17 to 61 days in 2017-18. Some entrepreneurs also blame the high costs for IPOs. In the fixed-price method, the issuer will have to expend 2 percent for Tk 100 crore raised, 4 percent for Tk 50 crore, 6 percent for Tk 40 crore, 8 percent for Tk 30 crore, 9 percent for Tk 20 crore, and 10 percent for Tk 15 crore. In the book-building method, the IPO cost may be 1-1.5 percent of the amount raised. So, the government should make the big companies get listed on the stock market, said Abu Ahmed, a former chairman of Dhaka University's economics department. In 2010, the Bangladesh Securities Exchange and Commission gave an order that if the paid-up capital of a private company exceeds Tk 40 crore, the company will have to convert itself into a public limited company. If the paid-up capital of a company exceeds Tk 50 crore, the company will have to apply for an IPO. But no one is paying any heed to the order. Almost 350 companies are listed with the Large Taxpayer Unit of the National Board of Revenue and they are all making profits and have huge capital base. But most of them are not listed. In the last 10 years, RAK Ceramics and Grameenphone were the only two multinational companies that went public. “These non-listed big companies have requested for more time, which we are giving them,” said Saifur Rahman, spokesperson of the BSEC. Listing is helpful for a company's long-term sustainability, said Md Moniruzzaman, managing director of IDLC Investments. Bangladesh's stock market has a severe shortage of good securities. The government has been looking to offload shares of its companies, but that is yet to materialise. Source: https://www.thedailystar.net/business/ipos-dont-tempt-big-companies-1585531
GOLDEN HARVEST TO SET UP COLD STORAGE CHAIN Golden Harvest Ice Cream Limited, a fully owned subsidiary of Golden Harvest Agro Industries, signed an agreement with IFC lnfraVentures on Tuesday to set up cold chain warehouses across the country. The company says the temperature controlled logistics infrastructure would be used in keeping and distributing goods in the freshest possible manner and in reducing wastage which results from non- temperature controlled movement. The project aims to ensure consumer safety, reduce post-harvest losses, remove middlemen, and reduce variations in quality. It would also ensure hygiene, freshness and quality, including reduction in formalin use on food products. Initially the warehouses would be set up in Dhaka, Chittagong, Gazipur, Jessore and Khulna. “Anyone can keep their products in these warehouses,” said Mohius Samad Choudhury, a director of Golden Harvest. The services will cater to sub-sectors such as agribusiness, supermarkets, dairy, meats, restaurants (quick service and fine dining), seafood and fish, pharmaceuticals, e-grocers and e-commerce. IFC InfraVentures is a $150 million global infrastructure project development fund that has been created as part of World Bank Group's efforts to increase the pipeline of bankable projects in developing countries. Each share of Golden Harvest, listed on Dhaka Stock Exchange in 2013, closed at Tk 40.5 yesterday. Source: https://www.thedailystar.net/business/golden-harvest-set-cold-storage-chain-1584619
SHURWID FACES NO BAR TO REDUCE PAID-UP CAPITAL Shurwid Industries Limited would have no restriction to reduce its paid-up capital subject to the court's permission and compliance with the companies act, according to legal experts and officials.
48 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 Officials at the securities regulator said the company could reduce its paid-up capital after ensuring the interests of the general shareholders. On May 24 last, the shareholders of Shurwid Industries, a 'Z' category company, got shareholders' approval when the latter endorsed a resolution to reduce the company's paid-up capital. The company will reduce paid-up capital to lessen its accumulated loss and enhance its capacity so that it could recommend dividends. The company incurred losses in last three consecutive years and disbursed no dividend during these years. Supreme Court lawyer Barrister Tanjib-ul Alam said a company could reduce its paid-up capital if its objectives match with the conditions of the section 59 of the companies act, 1994. With reference to the section, he told the FE that Shurwid Industries has no bar to reduce paid-up capital in order to reduce accumulated losses. The section reads, subject to confirmation by the Court, a company limited by shares, if so authorised by its articles, may by special resolution reduce its share capital in any way, and in particular the company may, as part of this general power-- (a) extinguish or reduce the liability on any of its shares in respect of share capital not paid-up; (b) either with or without extinguishing or reducing liability on any of its shares, cancel any paid-up share capital which is lost or presented by available assets; (c) either with or without extinguishing or reducing liability on any of its shares, pay off any paid-up share capital which is in excess of the wants of the company; (d) so far as is necessary, alter its memorandum by reducing the amount of its share capital and of its shares accordingly. A senior official at Bangladesh Securities and Exchange Commission (BSEC) said Shurwid Industries could reduce its paid-up capital as per the court's permission despite there is no provision in the securities rules. "Shareholders have also given the consent in favor of reducing the company's paid-up capital," he said. After getting the court's permission, the securities regulator will examine some issues regarding shareholders' interest and mandatory capital of a listed company, he added. Niloy Cement was the first listed company that had reduced the paid-up capital in 2010 to adjust its accumulated losses. Later the company, however, shifted to the over-the-counter (OTC) market due to poor performance. As per the shareholders' approval, Shurwid Industries would reduce the paid-up capital at a ratio of 5:2. Asked about the adjusted share price, the chairman of Shurwid Industries said if the price of five shares is Tk 100 now, the price of three shares will then be Tk 100. The company's present paid-up capital would then stand at Tk 312.91 million, after a deduction of above Tk 208.61 million. Engineer Mahmudul Hasan, chairman of Shurwid Industries, said finding no other way of reducing losses they have taken initiative of reducing paid-up capital. He said their company would not be able to disburse dividend even in next five to seven years provisioning losses. "Our company will be able to recommend dividend this year through reduction of the paid-up capital," Mr. Hasan said. In response to a question, the chairman of Shurwid Industries ruled out the possibility of incurring losses by general investors as the capital will be reduced at adjusted price. "The company's will also require up-gradation from 'Z' category for banking finance," said the chairman of Shurwid Industries. The company's sponsor-directors hold only 9.99 per cent shares of Shurwid Industries despite sponsor-directors are required to hold at least 30 per cent shares compared to paid-up capital. The chairman of Shurwid Industries was also asked whether they want to reduce paid-up capital to ease sponsor-directors' compliance regarding minimum share holding.
49 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 In his reply, the chairman said the ratios of shareholding by sponsor-directors and general shareholders would remain unchanged even after reduction of paid-up capital at a certain ratio. Source: http://today.thefinancialexpress.com.bd/stock-corporate/shurwid-faces-no-bar-to-reduce- paid-up-capital-1527955993
DRAFT AMENDMENT TO MF RULES REMAINS SHELVED FOR TWO AND A HALF YEARS The securities regulator has not yet finalised the proposed amendment to the rules of mutual funds (MFs) despite it had approved a draft more than two and a half years ago. The Bangladesh Securities and Exchange Commission (BSEC) had earlier moved to restore investors' confidence in the MFs through amending the rules. In this regard, the regulator had approved the draft of the proposed amendment to the MFs on December 7, 2015. The BSEC was supposed to finalise the amendment after taking public opinion. But the regulator is yet to do it despite about two and half years already passed by now. Meanwhile, the BSEC finalised some other amendments to the securities rules. Officials concerned at the BSEC declined to comment about any update on finalising the amendment to the rules of MFs. Top BSEC officials could not be reached for their comment. Asked, Faruq Ahmad Siddiqi, a former BSEC chairman, said the securities regulator itself approved the draft in the board meeting. "That's why, the commission should have been finalised the amendment unless any change took place in their decision," he said. Shahidul Islam CFA, Chief Executive Officer of VIPB Asset Management Company, said that a revised rule is required for operations of the MFs. "There is no logic to keep it pending for a long time," he said. Presently, there are 37 closed-end MFs listed with the stock exchanges. Following the declining market trend and investors' shaky confidence, the units of the most of the MFs are being traded below their respective face value. Of the MFs, the market prices of 31 remain below their face value of Tk 10 each. The trading of the units of these MFs closed at prices ranging between Tk 5.40 and Tk 9.90 per unit on Thursday last. Among the proposed amendment provisions, the fund managers were supposed to recommend RIU (re- investment unit) as dividend after taking the regulatory permission. This provision was included in the proposed amendment following mass issuance of RIU by some fund managers amid declining trend of the capital market. Due to disbursement of RIU, the management fees of fund managers would go up in line with the increased size of the MFs. But the unit holders failed to realise profits as the market prices of most of the MFs are below their face value. Three MFs did not recommend any dividend for the year ended on June 30, 2017. Other MFs recommended dividends ranging from 2.50 per cent to 18 per cent in the form of cash and RIU, and only cash.
50 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 Seven MFs recommended dividends in the form of both cash and RIU and the amount of RIU would be higher than the amount of cash dividend. The management fees of the asset management companies (AMCs) and trustees were also supposed to be restructured. As per another proposed provision, the condition for cutting the management fees would be included if the AMCs fail to give dividends. At the same time, the AMCs will be eligible for offering performance bonus if they could give cash dividends above stipulated rates, according to another proposed provision. The chief executive officer (CEO) of an AMC is also supposed to be appointed with prior consent by the BSEC. The regulator is also supposed to incorporate a mandatory provision of publishing complete information about the fund for the greater interest of the investors. The regulator proposed to cut management fees of fund managers due to failure in issuing dividends. "Net Asset Value (NAV) of the MFs will have to be calculated daily instead of weekly basis," according to the draft amendment to the MFs. Source: http://today.thefinancialexpress.com.bd/stock-corporate/draft-amendment-to-mf-rules- remains-shelved-for-two-and-a-half-years-1527956031
SHASHA DENIMS TO ACQUIRE TK 480M STAKE OF EOS TEXTILES Shasha Denims Limited (SDL) will acquire 40 per cent stake of EOS Textiles Mills Limited. The shares are valued at approximately Tk 480 million. "The process of acquisition of EOS Textiles Mills is almost done," Aslam Ahmed Khan, company secretary of the Shasha Denims told the FE on Thursday. Mr. Khan said out of Tk 480 million, Tk 300 million will come from initial public offering (IPO) fund, as approved by shareholders in the 20th annual general meeting (AGM) held in November last year. Remaining Tk 180 million will come from company's cash flow to acquire 40 per cent shares of EOS Textiles Mills, he said. EOS Textiles Mills is a 100 per cent export-oriented textile company established on 8th June, 1998 by Italian investors. Recently, the company has signed a memorandum of understanding (MoU) with EOS Textile Ltd in this regard. Shasha Denims, a sister concern of Shasha Group, one of the leading denim producers in Bangladesh, raised Tk 1.75 billion through IPO in 2014 for a major expansion and improve the quality of denim fabrics by installing modern machinery with the IPO funds. The company floated 50 million ordinary shares at an offer price of Tk 35, including a premium of Tk 25 for each Tk 10 share and raise the said amount. "The company has already spent its maximum amount of IPO fund for purchasing and installing the required machinery," said Mr Khan. He noted that most of the machinery is already installed and some would be set up shortly. After completion of the project, revenue of the company will be increased accordingly in the coming years, he said. "For the factory extension, new and essential machinery including indigo machine have also been installed in the existing factory for raising production that saves 60 per cent water and 40 per cent chemicals in process in comparison to any other conventional dyeing machinery," said Shams Mahmud, managing director of Shasha Denims, in its latest annual report.. "We hope to make a remarkable growth and profit once the extension project is successfully done," said Mr Mahmud. The company earned a total gross revenue of Tk 4.33 billion as export income in 2016-2017, against Tk 4.41 billion in 2015-2016, registering a 1.77 per cent decline compared to last year.
51 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 "The total revenue fell slightly due to overall export decline in the last quarter of the financial year (FY) 2016-17" according to the company's annual report. "The company couldn't add any income from new capital injection during the year as full expansion is yet to be completed," the annual report said. The company's total assets stands at Tk 7.11 billion as on June 30, 2017 from Tk 6.67 billion as on June 30, 2016, showing a 15 per cent growth year-on-year. The Shasha Denims has reported consolidated earnings per share (EPS) of Tk 1.25 for January-March, 2018 quarter as against Tk 1.09 for same quarter in the previous year. In nine months for July 2017-March 2018, its consolidated EPS was Tk 3.65 as against Tk 3.57 for July 2016-March 2017. The consolidated net operating cash flow per share (NOCFPS) was Tk 2.26 for July 2017-March 2018 as against Tk 1.37 for July 2016-March 2017. The consolidated net asset value (NAV) per share was Tk 47.24 as on March 31, 2018 and Tk 44.66 as on June 30, 2017. Each share of Shasha Denim, which was listed on the Dhaka bourse in 2015, closed at Tk 61.60 on Thursday on the Dhaka bourse, advancing 1.82 per cent over the previous session. In 2017, the Shasha Denims disbursed 25 per cent cash and 6.0 per cent stock dividend. The company's paid-up capital is more than Tk 1.19 billion and authorised capital is Tk 2.25 billion, while the total number of securities is 119.55 million. Source: http://today.thefinancialexpress.com.bd/public/stock-corporate/shasha-denims-to-acquire- tk-480m-stake-of-eos-textiles-1527869178
Z CATEGORY COS RULE DSE GAINERS' CHART The 'Z' category companies dominated the gainers' chart of Dhaka Stock Exchange (DSE) on Thursday. Of the top 10 gainer companies, six were from the 'Z' category entities listed with the country's premier bourse. The market prices of these companies rose by 6.36 to 8.59 per cent. The companies saw mixed performance during the January-March period of this calendar year. Some of them incurred losses during the period. Of the companies, the share price of Modern Dyeing & Screen Printing rose 8.59 per cent or Tk 17.40 on Thursday. The company's share price stood at Tk 209.50 at close. Only 432 shares changed hands through 12 transactions on the DSE. On May 21, the company's share price stood at Tk 227.90 at close. Later, the share price declined until May 29. The company's EPS was Tk. 0.45 for the January-March period in 2018 against Tk. 0.38 for the corresponding period in 2017. The share price of Savar Refractories closed at Tk 150.40 with a rise of 8.01 per cent or Tk 11.50. A total of 1,211 shares changed hands through 19 transactions executed at the premier bourse on the day. The company saw a downward trend during the period of May 23 to May 29 last. In the last two sessions, the company's share price rose 7.58 per cent or Tk 10.60 to close at Tk 150.40. The company incurred a loss of Tk 0.33 per share for the January-March period of 2018 against the loss of Tk. 0.44 per share for the corresponding period of 2017. The share price of Shyampur Sugar Mills closed at Tk 42.90 with a rise of 7.44 per cent or Tk 3.0. A total of 12,345 shares changed hands through 98 transactions at the DSE. After showing a declining trend during the period of May 21 to May 28, the company's share price rose in the last two sessions. The company incurred a loss of Tk 14.99 per share for the January-March period of 2018 against the loss of Tk 8.63 per share for the corresponding period in 2017.
52 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 The share price of Zeal Bangla Sugar Mills rose 7.35 per cent or Tk 3.3 to close at Tk 48.30 on the day. A total of 12,169 shares changed hands through 49 transactions executed at the DSE. After a declining trend lasting until May 28 last, the company's share price rose in the last three consecutive sessions. The company incurred a loss of Tk 6.53 per share during the Jan.-March period of 2018 against the loss of Tk 2.96 per share in the corresponding period of 2017. The share price of Information Services Network closed at Tk 20.60 with a rise of 6.60 per cent or Tk 1.3. A total of 25,383 shares changed hands through 60 transactions at the DSE. The company saw an upward trend in the last two sessions after declining in the previous nine sessions. The company's earnings per share (EPS) stood at Tk. 0.07 for the January-March period of 2018 against the loss of Tk 0.13 per share in the corresponding period of 2017. The Bangladesh Welding Electrodes share price closed at Tk 18.20 with a rise of 6.36 per cent or Tk 1.1 on Thursday. A total of 84,343 shares changed hands through 152 transactions executed at the premier bourse. After a straight fall in 13 sessions, the share price of the company rose in the last three consecutive sessions. The company incurred a loss of Tk 0.17 per share during the October-December period of 2017 against the loss of Tk 0.29 per share for October-December, 2016. Source: http://today.thefinancialexpress.com.bd/public/stock-corporate/z-category-cos-rule-dse- gainers-chart-1527791463
েতিে েুনিভযলযায়নকৃি অর্য অনুরিা্ন করেরছ আতেে োইে জশম এোং জশম উ ন্ োংক্রো পুনর্মূল্যা붼নকৃত শিেোে অন্ুদমোেন্করেরে আজিি পাইপ জল্জর্রেরেে পজেচাল্কবৃন্দ।৭ গত ই মর্ িজর্ ও িজর্ উন্ন붼রনে জল্জিত র্মল্য ধো হ붼 ১ মকা綿 ৭২ ল্াি ৭৩ হািাে ৬৬১ োকা যাে নযাযয বািাে র্মল্য র্মল্ত ১৮ মকা綿 ৫৫ ল্াি োকা। অতএব মে অনুযা붼ী পুনর্মূল্যা붼ন উদ্বৃত্ত হর붼রে ১৬ মকা綿 ৮২ ল্াি ২৬ হািাে ৩৩৯ োকা। মকাম্পাজন綿রক এই পুনর্মূল্যা붼নকৃত র্ুরল্যই িজর্ এবং িজর্ে উন্ন붼ন জহোব মেিারত হরব। Source: http://www.dailystockbangladesh.com/জশমর-পুন্মূৃলযো ন্কতত-অ/
ঊর্ধ্যিন কিযকিযার্ে আেততরি বা্ েেরছ অরনক প্রস্তাব টি োরেোজোদর তোশলকো ু ক্ত েে টকোম্পোশন্দত েুিোেন্ আন্দত প্রোশতষ্ঠোশন্ক েুিোেন্ ন্ীশতমোলো আমূল োংদিোধ্দন্র উদেযোগ শন্দ দে শন্ ন্ত্রক োং ো েোাংলোদেি শেশকউশর綿জ অযোন্ড এক্সদচঞ্জ কশমিন্ (শেএেইশে)। তদে ন্ীশতমোলো োংদিোধ্দন্র পদর্ '嗁ল রোশখ, ন্ো মোন্ রোশখ' অে ো পদড়দে োং ো綿। তোশলকো ু ক্ত টকোম্পোশন্巁দলোর োংগঠন্ শেএশপএলশে চোইদলও োং োর শকেু কমৃকতৃোর আপশিদত প্র োশেত োংদিোধ্ন্ প্র োদের েোমোন্যই 綿কদে। োংশিষ্ে েূদত্র জোন্ো টগদে। েোশষৃক কমৃপশরকল্পন্ো র্োকো এ োংদিোধ্ন্ প্র োে চলশত অর্ৃেেদরর মদধ্য টিষ করদত চো কশমিন্। এ কোরদণ গতকোল িশন্েোর েু綿র শেদন্ তেঠক কদর োংদিোধ্ন্ প্র োে綿 প্রো চূ ড়ো করো িদ দে। আজ টরোেেোর কশমিন্ ে ো তো অন্ুদমোেন্ িদে। এরপর টগদজে করো িদে। কশমিন্ েূত্র জোন্ো, প্রোশতষ্ঠোশন্ক েুিোেন্ ন্ীশতমোলো োংদিোধ্দন্ গত ৪ জোন্ু োশর টয খেড়ো প্রকোি করো িদ শেল তোর অদন্ক শকেু েোে টেও ো িদে। এর েেদল শেেযমোন্ ন্ীশতমোলো綿দক ধ্দর ন্তু ন্ শকেু িতৃ টযোগ করো িদে। অর্চ খেড়ো প্রকোদির পর তোশলকো ু ক্ত টকোম্পোশন্巁দলোর োংগঠন্ েোাংলোদেি অযোদেোশেদ িন্ অে পোেশলকশল শলদিড টকোম্পোশন্জ (শেএশপএলশে) শকেু োংদিোধ্ন্ েুপোশরিেি োংদিোশধ্ত ন্ীশতমোলোদক স্বোগত জোশন্দ দে। আশর্ৃক ও েযেেো টিদত্র ন্োন্ো টপিোজীেী োংগঠন্ও এই োংদিোধ্ন্ প্র োেদক স্বোগত জোশন্দ মতোমত শেদ দে। তোদের মদত, টিষ পযৃ এেো েো েো ন্ করো টগদল টকোম্পোশন্দত েোধ্োরণ শেশন্দ োগকোরীদের স্বোর্ৃ অদন্কেোই েুরশিত িদে। তদে কশমিদন্রই কদ কজন্ ঊর্ধ্ৃতন্ কমৃকতৃো মদন্ কদরন্, প্র োশেত োংদিোধ্ন্ প্র োে綿 অদন্ক ▁চু মোদন্র। েোাংলোদেি এখন্ও এই ন্ীশতমোলো অন্ুেরদণ প্রস্তুত ন্ । তোদের প্র োদের কোরদণই োংদিোশধ্ত খেড়ো ন্ীশতমোলোর অদন্ক শকেু েোে টেও ো িদে। এ শেষদ ওই কমৃকতৃোদের েক্তেয িদলো- েো েতোর শন্শরদখ শকেু ন্তু ন্ প্র োে রোখো িদে। অন্যশেদক, টি োরেোজোর োংশিষ্ট োংগঠন্ ও গদেষণো প্রশতষ্ঠোন্巁দলোর োষয, এ ন্ীশতমোলো কোযৃকর করো টগদল টকোম্পোশন্দত দুন্ীশত কমত, টকোম্পোশন্ পশরচোলন্ো টপিোেোশরত্ব ততশর িটতো, েোড়ত জেোেশেশিতো। টকোম্পোশন্র আ -েয োংক্রো আশর্ৃক শিেোদে স্বেতো আেোর েুদযোগ ততশর িদতো। তোদত টি োরদিোেোরদের োদলো মুন্োফোর েুদযোগ ততশর িদতো।
53 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 োংশিষ্ট কমৃকতৃোরো জোন্োন্, পষৃদের ূ শমকো ও েো েোশ ত্ব েুশন্শেৃষ্ট করোর পোিোপোশি জেোেশেশি শন্শিত, শেদিষ কদর শন্দজদের টলোকদক স্বতন্ত্র পশরচোলক করোর প্রর্ো েদ পযৃোপ্ত োংস্কোর প্র োে আন্ো িদ শেল। আশর্ৃক শিেোদে স্বেতো আন্দত অদন্ক প্র োে আন্ো ি । এক綿 তোশলকো ু ক্ত টকোম্পোশন্ যর্োযর্দে ো পশরচোলন্ো করদত টযেে শন্ ম মোন্ো েরকোর, টেরকম ন্ীশত প্র োেই আন্ো িদ শেল, শকন্তু এর েোমোন্যই র্োকদে চূ ড়ো োংদিোধ্দন্। কশমিদন্র িীষৃ এক কমৃকতৃোর তত্ত্বোেধ্োদন্ এ োংক্রো এক綿 কশম綿 গত শডদেম্বদর োংদিোশধ্ত ন্ীশতমোলোর প্র োে ততশর কদর, যো গত ২ জোন্ু োশর কশমিদন্র ে ো োংদিোধ্ন্ প্র োে চূ ড়ো ি । এরপর তো জন্মত জশরদপ টেও ো ি । একই েদ কশমিদন্র কদ কজন্ শন্েৃোিী কমৃকতৃোদক অন্োন্ুষ্ঠোশন্ক োদে পরীিো-শন্রীিো কদর মতোমত শেদত েলো ি । কশমিদন্র ঊর্ধ্ৃতন্ কমৃকতৃোরো প্র োশেত ন্ীশতমোলো綿 পযৃোদলোচন্ো কদর মত টেন্, োংদিোশধ্ত ন্ীশতমোলো টযেে ন্ীশত অন্ুেরদণর কর্ো েলো িদ দে, তো শুধ্ু উ ত টেি巁দলোদতই েো েো ন্ ে ে। েোাংলোদেি ন্ীশতমোলো অন্ুেরণ করদত পোরদে ন্ো। টয ন্ীশতমোলো েো েো ন্ ে ে ন্ , তো অন্ুেরদণ েোধ্যেোধ্কতো আদরোপ করো 膿ক িদে ন্ো। কমৃকতৃোদের একজন্ েমকোলদক জোন্োন্, টযেে প্র োে আন্ো িদ শেল, তো ি দতো োদলো। শকন্তু েোাংলোদেদির টকোম্পোশন্巁দলোর জন্য তো পশরপোলন্ করো ে ে শক-ন্ো, তোও টেখদত িদে। তোদের ওপর েোড়শত টেোঝো চোশপদ টেও ো উশচত ন্ । কশমিদন্র প্রর্ম প্র োদের কতেো টিষ পযৃ চূ ড়ো ন্ীশতমোলো শিদেদে র্োকদে, তো েড় কর্ো ন্ । এখোদন্ যুশক্তযুক্ত অাংি র্োকদে শক-ন্ো, তোই টেখোর শেষ । শেএশপএলশের ে োপশত ও এমদজএল েোাংলোদেদির েযে োপন্ো পশরচোলক আজম টজ টচৌধ্ুরী েমকোলদক েদলন্, ধ্ীদর ধ্ীদর উ ত েুিোেন্ প্রশক্র ো ঢু কদত িদে। শকন্তু শেষ 綿 এমন্ ন্ো ি , তো শুধ্ু কোগদজ-কলদমই রদ যো । টকোম্পোশন্巁দলো এ ন্ীশতমোলো অন্ুেরণ করদে তো ন্জরেোশরর েযে ো র্োকদত িদে। প্রশত শতন্ েো ে মোে অ র টকোম্পোশন্ টর্দক এ শেষদ প্রশতদেেন্ শন্দত িদে এোং যোচোইদ র েযে োও র্োকদত িদে। তদে এই যোচোইদ র কোজ িক এক্সদচঞ্জ ন্ , শন্ ন্ত্রক োং োদকই শন্দত িদে। অযোকোউেযোেদের টপিোজীেী োংগঠন্ কি অযোন্ড মযোদন্জদমে অযোকোউেযোেে অে েোাংলোদেিও (আইশেএমএশে) প্র োশেত ন্ীশতমোলো綿দক স্বোগত জোশন্দ দে। োংগঠন্綿র োইে টপ্রশেদডন্ে ও তোশলকো ু ক্ত আইশডএলশে ফোইন্যোদির েযে োপন্ো পশরচোলক আশরফ খোন্ও মদন্ কদরন্ এ綿 োদলো প্র োে। তোশলকো ু ক্ত টকোম্পোশন্巁দলোর শন্দজদের স্বোদর্ৃই এেো েো েো ন্ করো প্রদ োজন্। শন্ ন্ত্রক োং ো শেএেইশের েোদেক এই কশমিন্োর েমকোলদক েদলন্, েোশেৃক োদে কশমিদন্র প্র োে綿 োদলো। েুিোেদন্র জন্য প্রোশতষ্ঠোশন্ক েুিোেন্ ন্ীশতমোলো শকেু পশরেতৃন্ আন্ো জ쇁শর িদ পড়দে। তদে এ পশরেতৃন্ একই েদ যুদগোপদযোগী ও েো েে ত িদত িদে। একশেদন্ পশরেতৃন্ ে ে ন্ । তদে োদলো শকেুর জন্য পশরেতৃদন্র েূচন্োেো িও ো জ쇁শর। Source: http://www.samakal.com/todays-print-edition/tp-industry-trade/article/1806433/ঊর্ধ্ৃতন্-কমৃকতৃোদের-আপশিদত-েোে- পড়দে-অদন্ক-প্র োে
টাকাে প্রবাহ করিরছ পেয়ােবাোরে ঢোকো িক এক্সদচদঞ্জর পুরদন্ো টব্রোকোরদের একজন্ িোশকল শরজ ী। একোশধ্কেোর টেদির প্রধ্োন্ এ এক্সদচদঞ্জর ে োপশতর েোশ ত্ব পোলন্ কদরন্। শডশমউচু োলোইদজিদন্র পরও টি োরদিোেোর পশরচোলক শেদলন্। িোশকল শরজ ী িক ন্োদমর টব্রোকোদরজ িোউদের েযে োপন্ো পশরচোলক। টি োরেোজোদরর েোম্প্রশতক েরপতদন্র কোরণ এোং আে েোদজে শন্দ েমকোদলর েদ কর্ো েদলদেন্। েোিোৎকোর শন্দ দেন্ আদন্ো োর ইব্রোিীম েিকাল:টি োরেোজোর টকমন্ চলদে? োতকল তেের্ী: গত কদ ক েপ্তোি ধ্দর ক্রমোগত েরপতন্ িদে। েূচক টেখদলই তো টেোঝো যোদে। টম মোদে শডএেইএক্স েূচক প্রো ৭ িতোাংি কদমদে। শেশন্দ োগকোরীদের মদধ্য িতোিো আদে। তোই েোজোর োদলো চলদে ন্ো। েিকাল:আগোমী েোদজে ট োষণোর অদন্ক আদগই অর্ৃমন্ত্রী করদপোদরে কর কমোদেন্ েদল ট োষণো শেদ দেন্। আেোর চীদন্র দুই েড় িক এক্সদচদঞ্জর শডএেইর টকৌিলগত অাংিীেোর িও ো েমদ র েযোপোর। দু綿ই োদলো খের। এ েমদ েরপতদন্র কোরণ কী? োতকল তেের্ী:টেখুন্, যখন্ টি োদরর টক্রতো েোদড়, তখন্ টি োর চোশিেো েোদড় এোং েোজোর ঊর্ধ্ৃমুখী ি । চোশিেো কমদল উদিোেো দে। প্রি িদলো, এখন্ চোশিেো কমদে টকন্। এর কোরণ েযোাংক েুেিোর অদন্ক টেদড় টগদে। িঠোৎ েুেিোর ৭ টর্দক ১১ িতোাংি িদ দে। মূলত টকেী েযোাংক আমোন্ত ও ঋদণর অন্ুপোত-এশড টরশিও কমোদন্োর কোরদণ তো েমন্ব করদত েোড়শত আমোন্ত োংগ্রি করদত যোও ো এমন্綿 িদ দে। েযোাংক巁দলো েোড়শত েুে অফোর কদরও টয খুে টেশি আমোন্ত পোদে, অে ো টতমন্ ন্ । আেোর যতেু 嗁 পোদে, তোর েড় অাংি এশডআর েমন্ব করদত টরদখ শেদে। েোজোদর েোকো আেদে ন্ো। অন্যশেদক আমেোশন্ েতশদ্ধ পোও ো ডলোর শকন্দত শগদ েযোাংক টর্দক ন্গে েোকো কমদে। ফদল েোজোদর অদর্ৃর প্রেোি কদমদে। আেোর েুেিোর েোড়ো অদন্দক টি োরেোজোর টর্দক েযোাংদক আমোন্ত রোখোদকই টেশি প্রোধ্োন্য শেদেন্। েযোাংক েুেিোর েোড়দল শেদের েে টেদির টি োরেোজোদর েরপতন্ ি । এেোই স্বো োশেক। তদে উদিদগর শেষ েো িদলো, েুেিোর েতশদ্ধর কোরদণ যতেো েরপতন্ িও োর কর্ো শেল, তোর টর্দক টেশি িদ যোদে। েিকাল:আপশন্ েলদেন্, েযোাংক েুেিোর েতশদ্ধই েরপতদন্র কোরণ? োতকল তেের্ী: এেোই েড় কোরণ। ে েত েুেিোদরর েোইদর আরও টকোদন্ো কোরণ যুক্ত র্োকদত পোদর। টযমন্ চলশত রমজোন্ ও আে ঈে। প্রশত েেরই েোধ্োরণত এ েম েোজোদর শেশন্দ োগ কম ি । তোদত েরপতন্ও ি । অন্যশেদক আেদে ৭ জুন্ েোদজে উপ োপন্ করো িদে। েোদজদের আদগও েোজোদর অশ রতো র্োদক। তদে এ巁দলো েোমশ ক ইেুয। েুেিোরেোই েেদচদ টেশি েমেযো করদে েদল মদন্ কশর। এ綿 কমদল েোজোর আেোর স্বো োশেক ধ্োরো চদল যোদে- এেো আমোর শেেোে।
54 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 েিকাল:েুেিোর কমোদন্োর জন্য েোাংলোদেি েযোাংক শেআরআর ১ িতোাংি কশমদ দে। এদত েযোাংক巁দলো ন্গদে প্রো ১০ িোজোর টকো綿 েোকো টপদ দে। আেোর টেেরকোশর েযোাংদক েরকোশর প্রশতষ্ঠোদন্র আমোন্ত রোখোর িোর শি巁ণ েোশড়দ ৫০ িতোাংি কদরদে েরকোর। এ巁দলো েযোাংক মোশলকদের েোশে শেল। এেে েোশে পূরদণর পরও টতো েুেিোর কমদে ন্ো। কোরণ কী? োতকল তেের্ী:টয কোরদণ েুেিোর েোড়ল, টে綿ই টতো কমোদন্ো ি শন্। টেখুন্, গত শডদেম্বর পযৃ েুেিোর স্বো োশেক ধ্োরো শেল। জোন্ু োশরদত এদে যখন্ই েোাংলোদেি েযোাংক এশড টরশিও কমোদন্োর ট োষণো শেল, তখন্ই েুদের িোর লোগোম েোড়ো িদ দে। এই টয এশডআদরর কোরদণ েুেিোর টেদড় টগদে, এ綿 যশে আদগর অে োদন্ আন্ো িদতো, তোিদল েমেযোর েমোধ্োন্ িদ টযত। শকন্তু এখন্ও টতো এ শেষদ টকোদন্ো কর্ো শুন্শে ন্ো। েিকাল: টকেী েযোাংক টতো আগোমী শডদেম্বর পযৃ এশডআর েমন্বদ েযোাংক巁দলো েম পোদে। তোিদল েমেযো টকোর্ো? োতকল তেের্ী:েমেযো টতো আদে। এ েমন্ব জুদন্র মদধ্য ন্ো কদর শডদেম্বদর করদত িদে। প্রি িদলো, েমন্ব েো কী কদর িদে। েমন্ব করদত শগদ জোন্ু োশর টর্দক েযোাংক巁দলো আগ্রোেী োদে অর্ৃোৎ টক কোর আদগ টেশি আমোন্ত োংগ্রি করদত পোদর, তোর প্রশতদযোশগতো ন্োদম। ওই প্রশতদযোশগতো কী টর্দমদে? তোিদল েুেিোর কমদে কী োদে? এর পরও েযোাংক খোদত ন্োন্ো দুন্ীশতর খেদর মোন্ুদষর আ ো শকেুেো িদলও কদমদে। ফদল েযোাংক চোশিেো অন্ুযো ী আমোন্ত পোদে ন্ো। শিগশগরই আমোন্ত েতশদ্ধর আিোও টন্ই। কোরণ মোন্ুদষর জীেন্যোত্রোর েয েোড়দে। ফদল েঞ্চ কমদে। েিকাল:েুদের িোদর লোগোম েোন্দত টকেী েযোাংক গত েপ্তোদি এক েো嗁ৃলোদর আমোন্ত ও ঋদণর েুেিোদরর েযেধ্োন্-টেড ১ িতোাংি কশমদ ৪ িতোাংি কদরদে। আেোর েেদর একেোদরর টেশি ঋদণর েুেিোর েোড়োদত পোরদে ন্ো েদল েযোাংক巁দলোদক শন্দেৃিন্ো শেদ দে। এদত কোজ িদে? োতকল তেের্ী :আেদল েোজোর অর্ৃন্ীশত যখন্ েড় ি , তখন্ কতশত্রম েযে ো শেদ তো টযমন্ ইেো শন্ ন্ত্রণ করো যো ন্ো। েোাংলোদেি েযোাংক যো করদে, তো কতশত্রম েযে ো। েযোাংক巁দলোর কোদে যশে চোশিেো অন্ুযো ী ঋণ প্রেোদন্র িমতো ন্ো র্োদক, তখন্ টে শন্দজর পশরচোলন্ো েয টমেোদত টেশি েুে টন্দেই। টেড কশমদ েুেিোর কমোদন্ো যোদে েদল মদন্ ি ন্ো। তোিদল প্রি িদত পোদর, েুেিোর কমোদন্োর স্বো োশেক উপো েো কী। আমোর মদন্ ি , এশড টরশিও আদগর জো গো শন্দত িদে। তোিদল এই এশডআর েমন্বদ েযোাংক巁দলোর ওপর আর চোপ র্োকদে ন্ো। েোজোদর ঋণ ও আমোন্দত োরেোময আেদে। েুেিোর আপন্ো টর্দকই কদম আেদে। েুেিোর কমদল টি োরেোজোরও শন্দজর স্বো োশেক ধ্োরো শফরদে। েিকাল:৭ জুন্ জোতী েোদজে ট োষণো। টি োরেোজোদরর জন্য োদলো শকেু আিো করদেন্ শন্ি ?ই োতকল তেের্ী: অর্ৃমন্ত্রী অদন্কেোরই েদলদেন্, করদপোদরে েযোক্স কমোদেন্। এেো টি োরেোজোদরর জন্য েড় পোও ো িদে। আমোদের েোশে আদে, তিতকর প্রতযোিোর করো। ল যোাংি আদ র ওপর করমুক্ত েীমো অ ত এক লোখ েোকো উ ীত করো। তোেোড়ো টলন্দেদন্র ওপর কর কমোদন্োরও েোশে আদে। এেো িদল টি োরেোজোদর শেশন্দ োগ েোড়দে। েিকাল:অন্য টকোদন্ো েোশে আদে আপন্োর? োতকল তেের্ী:আমোদের টি োরেোজোদর অ ু ত একেো শফ আদে। েযোাংক অযোকোউে করদত কোউদক টকোদন্ো শফ শেদত ি ন্ো। তদে টি োরেোজোদর শেও অযোকোউে খুলদত এোং প্রশত েের ন্েো দন্র ন্োদম একজন্ শেশন্দ োগকোরীদক অ ত ৫০০ েোকো শেদত ি । এর মদধ্য েরকোরই পো ২০০ েোকো। আর শন্ ন্ত্রক োং ো ৫০ েোকো। অন্য টকোদন্ো টেদি এমন্ শফ টন্ও ো ি শক-ন্ো, তো জোন্ো টন্ই। এেো তু দল টেও ো েরকোর। Source: http://www.samakal.com/todays-print-edition/tp-taka-ana-pai/article/1806385/েোকোর-প্রেোি-কদমদে-টি োরেোজোদর
িারেে পেে ত্রনও বে ্েেিন আেোর েরপতন্ িদে টি োরেোজোদর। েোন্ো েরপতদন্র চতু র্ৃ শেদন্ গতকোল েতিস্পশতেোরও প্রধ্োন্ টি োরেোজোর শডএেইদত টলন্দেন্ িও ো ৬৩ িতোাংি এোং চট্টগ্রোমদকশেক টি োরেোজোর শেএেইদত প্রো ৬৯ িতোাংি টি োদরর েরপতন্ িদ দে। েোজোর োংশিষ্ট েূত্র巁দলো জোন্ো , টেোে-েড় েে টেশণর শেশন্দ োগকোরীদের টর্দক টি োর শেশক্রর চোপ র্োকোই এ েরপতদন্র কোরণ। েপ্তোদির টিষ শেদন্র অশধ্কোাংি টি োদরর েরপতদন্ েূচদকও েড় পতন্ িদ দে। শডএেই প্রধ্োন্ মূলযেূচক শডএেইএক্স প্রো ৫২ পদ ে েো ১ িতোাংি কদম ৫৩৮৩ পদ দে টন্দমদে। আর শেএেইর প্রধ্োন্ েূচক শেএেশেএক্স প্রো টেো ো ১ িতোাংি কদম ৯৯৭৬ পদ দে টন্দমদে। তো েোড়ো েুধ্েোদরর তু লন্ো উ েোজোদরর টলন্দেন্ প্রো ১০১ টকো綿 েোকো েো প্রো ২১ িতোাংি কদম ৩৮২ টকো綿 েোকোর শন্দচ টন্দমদে। শডএেইর খোতও োশর টলন্দেন্ পযৃোদলোচন্ো টেখো টগদে, চোমড়ো ও চোমড়োজোত পণয, পোে এোং ভ্রমণ ও অেকোি খোত েোড়ো অন্য েে খোদতর অশধ্কোাংি টি োদরর েোজোরের কদমদে। েেদচদ টেশি কদমদে েযোাংক খোদতর টি োরের। তদে েোজোর েূচক কমোর টিদত্র েযোাংদকর টর্দকও ওষুধ্ ও রেো ন্ খোদতর টি োরের হ্রোদের ূ শমকো শেল টেশি। পযৃোদলোচন্ো টেখো টগদে, টলোশজাং প্রোইদের শিেোদে েযোাংক খোদতর টলন্দেন্ িও ো ২৮ টকোম্পোশন্র মদধ্য ১৮綿র েোজোরের কদমদে, টেদড়দে ে 綿র ও অপশরেশতৃত শেল েোশক চোর綿। তোর পরও খোত綿র েোশেৃক টি োরের কদমদে ১ েিশমক ১২ িতোাংি। েেৃোশধ্ক েোদড় ৯ িতোাংি ের িোশরদ এন্শেশে েযোাংদকর টি োরের ১৪ েোকো ২০ প েো টন্দমদে। ল যোাংি োংক্রো টরকডৃ টডে টিদষ টলন্দেদন্র প্রর্ম শেদন্ এন্শেশে েযোাংদকর টি োরের কদম যোও োদক ের োংদিোধ্ন্ ন্ো েদল েরপতন্ েলোর কোরণ েযোাংক綿 গত েেদরর জন্য ১৩ িতোাংি ন্গে ল যোাংি শেদ দে। এমন্ ল যোাংদির পরও এতেো ের কদম যোও ো একেু টেশিই েদল মদন্ কদরন্ েোজোর োংশিষ্টরো। তো েোড়ো গতকোল েোদড় ৩ িতোাংি ের িোশরদ ব্রযোক েযোাংদকর টি োরের ৭৪ েোকো ৫০ প েো টন্দমদে। এই দুই টি োদরর কোরদণই েূচক কদমদে ১০ পদ দের টেশি। শেপরীদত েেৃোশধ্ক ইেলোমী েযোাংদকর টি োর টেো ো ৯ িতোাংি টেদড় েোদড় ২৩ েোকো ও পূেোলী েযোাংদকর টি োর েোদড় ৩ িতোাংি টেদড় ২২ েোকো ৮০ প েো ওঠো েূচদক টযোগ িদ দে েোদড় ৪ পদ ে। এর পরও েোকদলয েযোাংক খোদতর কোরদণ েূচক কদমদে প্রো ১৩ পদ ে।
55 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 তদে খোতও োশর েূচক পতদন্ েড় কোরণ শেল ওষুধ্ ও রেো ন্ খোত। এ খোদতর কোরদণ েূচক কদমদে ১৭ পদ ে। এ খোদতর ২৮ টকোম্পোশন্র মদধ্য ২৩綿র েরপতন্ই এ কোরণ। তদে শুধ্ু স্ক োর ফোমৃোর ের টেড় িতোাংি কদম ২৮২ েোকো ২০ প েো ন্োমোদতই েূচক কদমদে অ ত ৯ পদ ে। তো েোড়ো টরদন্েো ও টেশক্সমদকো ফোমৃোর টি োরের যর্োক্রদম আধ্ো িতোাংি ও ১ িতোাংি কদমদে প্রো ৫ পদ ে। যশেও এ খোদতর েেৃোশধ্ক েোদড় ৩ িতোাংি ের িোশরদ দে ও োেো টকশমকযোল এোং আড়োই িতোাংি িোদর ের কদমদে এশেআই ফমুৃদলিন্ ও ওশর ন্ ইন্শফউিন্দের। একক টকোম্পোশন্ শিদেদে েরপতদন্র িীদষৃ শেল এন্শেশে েযোাংক। েরপতদন্ এরপদরর অে োদন্ েীমো খোদতর টকোম্পোশন্巁দলোই শেল টেশি। টযমন্ েরপতদন্র শিতী টর্দক প种চম অে োদন্ শেল এশি ো পযোশেশফক ইিুযদরি, ইিলযোন্ড ইিুযদরি, প্র োশত ইিুযদরি ও টলোেোল ইিুযদরি। এেে েীমো টকোম্পোশন্র টি োরের েোদড় ৫ টর্দক প্রো ৮ িতোাংি পযৃ কদমদে। তদে এমন্ েরপতদন্র শেদন্ও ইেলোমী েযোাংক শেল েরেতশদ্ধর িীদষৃ। েোশকৃে টব্রকোদরর েদেৃোচ্চ েদরর তু লন্ো মোত্র ১০ প েো কদম শডএেইদত ২৪ েোকো ৮০ প েো টকন্োদেচো িদ দে। েরেতশদ্ধর এর পদরর অে োদন্ র্োকো মডোন্ৃ ডোইাং, েো োর শরফযোক্টশরজ, িযোমপুর েুগোর, শঝলেোাংলো েুগোর, 쇂পোলী লোইফ, শপ্রশম োর শেদমদের টি োরের ৭ টর্দক েোদড় ৮ িতোাংি পযৃ টেদড়দে। এশেদক ও綿শে টর্দক মূল েোজোদর টফরোর পর িঠোৎ কদর টলন্দেদন্র িীদষৃ উদঠ এদেদে আশলফ ইন্ডোশিজ টকোম্পোশন্র টি োর। গতকোল শুধ্ু শডএেইদত এ টকোম্পোশন্র ১৮ টকো綿 েোকোরও টেশি মূদলযর টি োর টকন্োদেচো িদ দে। টলন্দেদন্ এর পদরর অে োদন্ র্োকো স্ক োর ফোমৃো, টেশক্সমদকো শলশমদেড, শলগযোশে ফুেও যোর, ইিোদকো, গ্রোমীণদফোন্, মু ু শেরোশমক এোং 嗁ইন্ েোউর্ টেক্সেোইদলর প্রো ১০ টর্দক ১৬ টকো綿 েোকোর টি োর টকন্োদেচো িদ দে। Source: http://www.samakal.com/todays-print-edition/tp-stock-market/article/180634/মোদের-টিষ-শেদন্ও-েড়-েরপতন্
প্রাতিষ্ঠাতনক তবতনরয়াগকােীর্ে পেয়াে পবরেরছ ১২ পকা綿 টি োরেোজোদর তোশলকো ু ক্ত অশধ্কোাংি টকোম্পোশন্দত এশপ্রদল প্রোশতষ্ঠোশন্ক টি োর টেদড়দে। ১৫৮ টকোম্পোশন্দত প্রোশতষ্ঠোশন্ক শেশন্দ োগকোরীদের টি োর টেদড়দে। শেপরীদত কদমদে ৮৯綿দত। ঢোকো িক এক্সদচঞ্জ (শডএেই) টর্দক প্রোপ্ত তর্য পযৃোদলোচন্ো আরও টেখো টগদে টমোে টি োদর প্রোশতষ্ঠোশন্ক অাংি অ ত ১ িতোাংি টেদড়দে ৪০ টকোম্পোশন্দত এোং কদমদে ২০綿দত। গত এশপ্রল টিদষ টেদির প্রধ্োন্ এ টি োরেোজোদর তোশলকো ু ক্ত টকোম্পোশন্ শেল ৩০৩綿। এর মদধ্য গতকোল পযৃ শুধ্ু জুে শস্পন্োেৃ, তু াংিোই শন্綿াং ও শেএন্এ টেক্সেোইদলর টি োরদিোশোংদ র তর্য টমদলশন্। প্রোপ্ত তর্য পযৃোদলোচন্ো টেখো টগদে, েোশেৃক শেদেচন্ো এশপ্রদল তোশলকো ু ক্ত টকোম্পোশন্巁দলোদত ন্োন্ো প্রশতষ্ঠোদন্র ধ্োরণ করো টি োর টেদড়দে প্রো ১২ টকো綿 ৪ লোখ। শেেযমোন্ েযে ো প্রোশতষ্ঠোশন্ক শেশন্দ োগকোরীদের প্রকতত শেশন্দ োদগর তর্য প্রকোি করো ি ন্ো। প্রোপ্ত তর্য অন্ুযো ,ী এশপ্রল টিদষ তোশলকো ু ক্ত েে টকোম্পোশন্র পশরদিোশধ্ত মূলধ্ন্ শেল ৫৮ িোজোর ৯৯১ টকো綿 েোকো। অর্ৃোৎ ১০ েোকো অশ শিত মূদলযর টমোে টি োর শেল প্রো ৫ িোজোর ৮৯৯ টকো綿। এদত প্রোশতষ্ঠোশন্ক শেশন্দ োগকোরীদের অাংি টমোে টি োদরর ১৮ েিশমক ৪৭ িতোাংি। েোজোর মূলয শেদেচন্ো গত এশপ্রদল প্রোশতষ্ঠোশন্ক শেশন্দ োগকোরীদের ধ্োরণ করো েে টি োদরর মূলয ৭৫০ টকো綿 েোকো টেদড়দে। এশপ্রল টিদষ এদের ধ্োরণ করো েে টি োদরর েোজোর মূলয শেল ৪৭ িোজোর ২৭৯ টকো綿 েোকো, যো টমোদের ১৪ েিশমক ০৭ িতোাংি। এ েম তোশলকো ু ক্ত ৩০৩ টকোম্পোশন্র েে টি োদরর েোজোর মূলয শেল ৩ লোখ ৩৬ িোজোর ২৫ টকো綿 েোকো। পযৃোদলোচন্ো আরও টেখো টগদে, এশপ্রল টিদষ মোদকৃেোইল ইিুযদরদি প্রোশতষ্ঠোশন্ক শেশন্দ োগকোরীদের ধ্োরণ করো টি োর টমোদের প্রো ৭ িতোাংি টেদড় ৩১ েিশমক ৮৬ িতোাংদি উ ীত িদ দে। একক টকোম্পোশন্র টমোে টি োদরর িতোাংি শেদেচন্ো যো েদেৃোচ্চ। শেপরীদত পপুলোর লোইফ ইিুযদরদির টমোে টি োর টর্দক প্রোশতষ্ঠোশন্ক শেশন্দ োগকোরীদের টি োর কদমদে েেৃোশধ্ক প্রো েোদড় ১২ িতোাংি। গত মোচৃ টিদষ েীমো টকোম্পোশন্綿দত প্রোশতষ্ঠোশন্ক টি োর শেল টমোদের টপৌদন্ ২৭ িতোাংি, যো এশপ্রল টিদষ েোদড় ১৪ িতোাংদির শন্দচ টন্দমদে। পবরেরছ:প্রোশতষ্ঠোশন্ক টি োর েতশদ্ধদত মোদকৃেোইল ইিুযদরদির পদরর অে োদন্ শেল আল-আরোফোহ্ ইেলোমী েযোাংক। েযোাংক綿দত প্রোশতষ্ঠোশন্ক টি োর প্রো েোদড় ৪ িতোাংি টেদড় েোদড় ১৭ িতোাংি েোশড়দ দে। ডশরন্ পোও োদর প্রো ৪ িতোাংি টেদড় ১৩ েিশমক ৫৯ িতোাংদি উ ীত িদ দে। েোদড় ৩ িতোাংি টেদড় শেকন্ ফোমৃো প্রোশতষ্ঠোশন্ক টি োর টেদড় ২৩ েিশমক ১৭ িতোাংদি উ ীত িদ দে। এ েোড়ো রশিম টেক্সেোইল, আদন্ো োর গযোল োন্োইশজাং, ে োন্ী লোইফ ইিুযদরি এোং ড্রোগন্ টেোদ েোর অযোন্ড শস্পশন্াংদ র টমোে টি োদরর ৩ টর্দক েোদড় ৪ িতোাংি প্রোশতষ্ঠোশন্ক টি োর টেদড়দে। টমোে টি োদর প্রোশতষ্ঠোশন্ক টি োর ২ টর্দক প্রো ৩ িতোাংি পযৃ টযেে টকোম্পোশন্দত টেদড়দে, টে巁দলো িদলো- ন্ো োন্ো শেএন্শজ, ওদ শিন্ টমশরন্ শিপই োডৃ , আমরো টন্েও োকৃ , ইেদন্ শেন্ো, আশলফ ইন্ডোশিজ, আরশড ফুড, এমশে ফোমৃো, আশজজ পোইপে, এএফশে এদগ্রো েোদ োদেক, শেএেআরএম শিল, ফু -ও োাং ফুড, এদপক্স ফুড ও অযোক綿 ফোইন্। করিরছ:শেপরীদত প্রোশতষ্ঠোশন্ক টি োর কমো পপুলোর লোইফ ইিুযদরদির পদরর অে োদন্ শেল টডিো লোইফ ইিুযদরি। েীমো টকোম্পোশন্綿 টর্দক প্রোশতষ্ঠোশন্ক শেশন্দ োগকোরীদের টি োর ৮ িতোাংি কদম ১৭ েিশমক ৩৪ িতোাংদি টন্দমদে। এরপদরর অে োদন্ র্োকো রশিমো ফুড করদপোদরিন্ টর্দক প্রো ৮ িতোাংি কদম ২০ েিশমক ৬৭ িতোাংদি, প ো লোইফ ইিুযদরি টর্দক টেো ো ৫ িতোাংি কদম ১৬ েিশমক ৪৪ িতোাংদি টন্দমদে। টেযোেোল ইেলোমী েযোাংক টর্দক প্রোশতষ্ঠোশন্ক টি োর কদমদে ৫ িতোাংদির ওপর। েযোাংক綿দত গত এশপ্রল টিদষ প্রোশতষ্ঠোশন্ক শেশন্দ োগকোরীদের ধ্োরণ করো টি োর শেল টমোদের প্রো ৩৮ িতোাংি। েোলদ ো টকশমকযোল টর্দক ৪ েিশমক ৬২ িতোাংি কদম েোদড় ৯ িতোাংদি এোং ইিোন্ৃ লুশব্রদকেে টর্দক টপৌদন্ ৪ িতোাংি কদম েোদড় ২২ িতোাংদি টন্দমদে।
56 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 এ েোড়ো টযেে টকোম্পোশন্ টর্দক প্রোশতষ্ঠোশন্ক টি োর ২ িতোাংদির ওপর কদমদে টে巁দলো িদলো- জোশিন্ শস্পশন্াং, অশলশম্পক এদক্সেশরজ ও আশলফ মযোন্ুফযোকচোশরাং। Source: http://www.samakal.com/todays-print-edition/tp-stock-market/article/180633/প্রোশতষ্ঠোশন্ক-শেশন্দ োগকোরীদের-টি োর- টেদড়দে-১২-টকো綿
আিান কটরনে ো女্া গ্রহণ �쇁 আে েুকশেশোং পদ্ধশতর প্রোর্শমক গণপ্র োদের (আইশপও) শিতী ধ্োদপ েোধ্োরণ শেশন্দ োগকোরীদের কোে টর্দক চোোঁেো গ্রিদণর অন্ুমশত টপদ দে আমোন্ কেন্ ফোইব্রোে শলশমদেড। আজ টর্দক ১০ জুন্ পযৃ এ টকোম্পোশন্র প্রোর্শমক টি োদরর েোেশিপিন্ চলদে। ৩ টম টকোম্পোশন্綿দক আইশপও েোেশিপিন্ শু쇁র জন্য ে শতপত্র টে শন্ ন্ত্রক োং ো েোাংলোদেি শেশকউশর綿জ অযোন্ড এক্সদচঞ্জ কশমিন্ (শেএেইশে)। তর্যোন্ুেোদর, ৬২৯তম কশমিন্ ে ো েুকশেশোং পদ্ধশতর আশপওর মোধ্যদম আমোন্ কেন্দক ৮০ টকো綿 েোকো মূলধ্ন্ উদিোলদন্র অন্ুদমোেন্ টে শেএেইশে। প্রর্ম েফো টযোগয প্রোশতষ্ঠোশন্ক শেশন্দ োগকোরীদের (ইআই) শেশডাংদ আমোন্ কেদন্র প্রশত綿 টি োদরর জন্য ৪০ েোকো কোে অফ প্রোইে শন্ধ্ৃোশরত ি । এ েোদম ১ টকো綿 ২৫ লোখ টি োর পোদে ইআইরো। আর েোশক অর্ৃ োংগ্রদির জন্য শন্ ম অন্ুযো ী কোে অফ প্রোইদের টচদ ১০ িতোাংি কম মূদলয অর্ৃোৎ ৩৬ েোকো েদর েোধ্োরণ শেশন্দ োগকোরীদের কোদে ৮৩ লোখ ৩৩ িোজোর ৩৩৩綿 টি োর শেশক্র করদে টকোম্পোশন্綿। টে টি োর巁দলো টকন্োর জন্যই চোোঁেো ও আদেেন্ জমো টেদেন্ েোধ্োরণ শেশন্দ োগকোরীরো। আইশপওর মোধ্যদম োংগতিীত অদর্ৃ কোরখোন্োর ন্তু ন্ যন্ত্রপোশত ও েরঞ্জোম ক্র, েযোাংকঋণ পশরদিোধ্ ও আইশপও প্রশক্র োর খরচ েোেে েয করদে আমোন্ কেন্। যন্ত্রপোশত ও েরঞ্জোদমর জন্য টকোম্পোশন্綿 েয করদে ৪৯ টকো綿 ৩৮ লোখ েোকো, ঋণ টিোদধ্ েয িদে ১৭ টকো綿 ১২ লোখ, চলশত মূলধ্ন্ শিদেদে েযেিোর করো িদে ১০ টকো綿 ও েোশক েোদড় ৩ টকো綿 েোকো েয িদে আইশপও প্রশক্র োর েয শন্েৃোদি। এর আদগ গত েেদরর ন্দ ম্বদর ইআইদের শেশডাংদ র মোধ্যদম ৪০ েোকো কোে অফ প্রোইে শন্ধ্ৃোশরত ি আমোন্ কেদন্র। আইশপওর েুকশেশোং পদ্ধশতর শন্ ম অন্ুেোদর, টয েদর ইআইদের কোদে টি োর শেশক্রর লিযমোত্রো অশজৃত ি , তোই োংশিষ্ট টকোম্পোশন্র কোে অফ প্রোইে। এ শিেোদে আমোন্ কেদন্র শেশডাংদ েদেৃোচ্চ ৫৬ েোকো ের উঠদলও ৪০ েোকো এদে টি োর শেশক্রর লিযমোত্রো অশজৃত িও ো টে綿ই কোে অফ প্রোইে শিদেদে শন্ধ্ৃোশরত ি । আমোন্ কেদন্র ইেুয েযে োপন্োর েোশ দত্ব রদ দে আইশেশে কযোশপেোল মযোদন্জদমে শলশমদেড। টকোম্পোশন্র আইশপও প্রেদপক্টোে টর্দক জোন্ো যো , আমোন্ কেন্ মূলত েুতো উৎপোেন্কোরী প্রশতষ্ঠোন্। কেন্, পশলদ িোর, শেল্কেি অন্যোন্য েুতো উৎপোেন্ কদর তোরো। গোজীপুদরর শ্রীপুদর অেশ ত আমোন্ কেন্ ফোইব্রোদের কোরখোন্ো পরীিোমূলক উৎপোেন্ শু쇁 ি ২০০৬ েোদল। আর ২০০৭ েোদল পূণৃো েোশণশজযক উৎপোেদন্ যো তোরো। কোরখোন্োর েতৃমোন্ উৎপোেন্ েিমতো ৬ িোজোর ১৯৫ েন্। ২০১৬ েোদলর ৩০ জুন্ েমোপ্ত শিেোে েেদর আমোন্ কেদন্র টি োরপ্রশত আ (ইশপএে) ি ৩ েোকো ৩৮ প েো, আদগর েের যো শেল ৩ েোকো ২১ প েো। টকোম্পোশন্র শন্ে েম্পে রদ দে ৪০৮ টকো綿 ৪৪ লোখ েোকোর। টি োরপ্রশত শন্ে েম্পেমূলয (এন্এশ শপএে) শেল ৩৫ েোকো ৬৩ প েো। ২০১৬ েোদলর ৩০ জুন্ পযৃ টকোম্পোশন্綿র পশরদিোশধ্ত মূলধ্ন্ শেল ৮০ টকো綿 েোকো। Source: http://bonikbarta.net/bangla/news/2018-06-03/159853/
পলনর্রনে েীরেয ইন্ট্রারকা তেতিউতলন শেেো ী েপ্তোদি ঢোকো িক এক্সদচদঞ্জ (শডএেই) টলন্দেদন্র িীদষৃ রদ দে ইিোদকো শরশফউশলন্ টিিন্ শলশমদেড। আদলোচয েপ্তোদি টকোম্পোশন্綿র টি োর ের কদমদে ৪ েিশমক ০৬ িতোাংি। ঢোকো িক এক্সদচঞ্জ (শডএেই) েূদত্র এ তর্য জোন্ো টগদে। আদলোচয েপ্তোদি টকোম্পোশন্綿র ২ টকো綿 ১৭ লোখ টি োর টলন্দেন্ িদ দে। যোর েোজোর মূলয ১১৮ টকো綿 ৫৩ লোখ েোকো। তোশলকোর শিতী োদন্ রদ দে েোাংলোদেি এক্সদপোে ইমদপোেৃ টকোম্পোশন্ (টেশক্সমদকো) শলশমদেড। আদলোচয েপ্তোদি টকোম্পোশন্綿র ৩ টকো綿 ৩৮ লোখ টি োর টলন্দেন্ িদ দে। যোর েোজোর মূলয ৯৩ টকো綿 ৫ লোখ েোকো। তোশলকোর তত তী োদন্ রদ দে েোজৃোর টপইেে েোাংলোদেি শলশমদেড। গত েপ্তোদি টকোম্পোশন্綿র ৩ লোখ টি োর টলন্দেন্ িদ দে। যোর েোজোর মূলয ৮০ টকো綿 েোকো। েপদেন্ তোশলকো র্োকো অন্য টকোম্পোশন্巁দলো িদে- আশলফ ইন্ডোশিজ, ইউন্োইদেড পোও োর টজন্োদরিন্ অযোন্ড শডশিউিন্ টকোম্পোশন্, েোাংলোদেি এক্সদপোেৃ ইমদপোেৃ টকোম্পোশন্ (টেশক্সমদকো), েোাংলোদেি শিল শর-টরোশলাং শমলে, শলগযোশে ফুেও যোর, 嗁ইন্ েোউর্ টেক্সেোইল, শমরোকল ইন্ডোশিজ এোং মু ু শেরোশমক ইন্ডোশিজ শলশমদেড। Source: http://www.arthosuchak.com/archives/436296/
পলনর্রনে েীরেয বস্ত্র খাি েমোপ্ত েপ্তোদি ঢোকো িক এক্সদচদঞ্জ (শডএেই) টলন্দেদন্র িীদষৃ উদঠ এদেদে েস্ত্র খোত। শডএেইদত টমোে টলন্দেদন্র ১৯ িতোাংি অেেোন্ রদ দে এই খোদত। লাংকোেোাংলো শেশকউশর綿জ শলশমদেড েূদত্র এ তর্য জোন্ো টগদে।
57 Back to Table of Contents Daily News Flash Sunday, June 03, 2018 েূত্র মদত, পুদরো েপ্তোদি েস্ত্র খোদত ৮১ টকো綿 ৬১ লোখ েোকোর টি োর টলন্দেন্ িদ দে। প্রদকৌিল খোদত ১৫ িতোাংি টলন্দেন্ কদর তোশলকোর শিতী োদন্ রদ দে। েপ্তোিজুদড় এই খোদত ৬৬ টকো綿 ৮১ লোখ েোকোর টি োর টলন্দেন্ িদ দে। শেশেধ্ খোদত ১৩ িতোাংি টলন্দেন্ কদর তোশলকোর তত তী োদন্ রদ দে। টলন্দেদন্র িীদষৃ র্োকো অন্য খোত巁দলোর মদধ্য জ্বোলোশন্-শেদুযৎ খোদত ১২ িতোাংি, েযোাংক খোদত ১০ িতোাংি, ওষুধ্-রেো ন্ খোদত ৯ িতোাংি, েযোন্োশর খোদত ৪ িতোাংি, শেরোশমক ও খোেয খোদত ৩ িতোাংি, আই綿 ও টেশলকশমউশন্দকিন্ খোদত ২ িতোাংি কদর টলন্দেন্ িদ দে। এেোড়ো শমউচু য োল ফোন্ড, টেেো-আেোেন্, ভ্রমণ-অেকোি, পোে, শেদমে ও েোধ্োরণ শেমো খোদত ১ িতোাংি কদর টলন্দেন্ িদ দে। Source: http://www.arthosuchak.com/archives/436402/
েপ্তাহেুরে ব্লরক ৬০ পকা綿 টাকাে পলনর্ন শেেো ী েপ্তোদি ঢোকো িক এক্সদচদঞ্জ (শডএেই) ব্লক মোদকৃদে টমোে ১৬ টকোম্পোশন্র টি োর টলন্দেন্ িদ দে। টকোম্পোশন্巁দলোর টমোে ৭২ লোখ ৯ িোজোর ৩০১綿 টি োর েো ইউশন্ে টলন্দেন্ িদ দে। যোর আশর্ৃক মূলয ৬০ টকো綿 ১০ লোখ েোকো। লাংকোেোাংলো শেশকউশর綿জ শলশমদেড েূদত্র এ তর্য জোন্ো টগদে। েূত্র জোন্ো, গত েপ্তোদি ব্লক মোদকৃদে েেদচদ টেশি টি োর টলন্দেন্ িদ দে এন্শেশে েযোাংক শলশমদেদডর। এই টকোম্পোশন্র ২৮ টকো綿 ৮১ লোখ টি োর টলন্দেন্ িদ দে। যোর আশর্ৃক মূলয ৪ টকো綿 ৯৮ লোখ েোকো। ব্লক মোদকৃদে টলন্দেদন্র শিতী অে োদন্ রদ দে েোাংলোদেি শেশোং শেদিমে শলশমদেড (শেশেএে) । টকোম্পোশন্綿র টমোে ১২ লোখ ৪৪ িোজোর 綿 টি োর ব্লদক টলন্দেন্ িদ দে। যোর আশর্ৃক মূলয ৩ টকো綿 ৭০ লোখ েোকো। তোশলকোর তত তী োদন্ র্োকো েোশমে পোও োদরর ১০ লোখ টি োর টলন্দেন্ কদরদে। যোর আশর্ৃক মূলয ৩ টকো綿 ৬১ লোখ েোকো। ব্লদক টলন্দেন্ করো অন্য টকোম্পোশন্巁দলো িদে- স্ক োর ফোমৃো, গ্রোমীণদফোন্, 嗁ইন্ েোউর্ টেক্সেোইল, শেএ綿শেশে, ওদ িোন্ৃ টমশরন্ শিপই োডৃ , শলদন্ডশেশড, শে োরশেশড, িোইল ক্রোফে, ইউন্োইদেড পোও োর টজন্োদরিন্ অযোন্ড টডদ লপদমে টকোম্পোশন্, এেইএমএল টলকচোর ই嗁যশ 綿 মযঅদন্জদমে ফোন্ড, শমরোকল ইন্ডোশিজ, পযোরোমোউে টেক্সেোইল ও িোিো টডশন্মে শলশমদেড। Source: http://www.arthosuchak.com/archives/436427/
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EBLSL Research
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