News Clippings
02 January 2020
Contents Section 1 : Bangla News, Page-02 Section 2 : English News, Page-29 Section 3 : Foreign News, Page-49
Circulated to: DSE Readers
Dhaka Stock Exchange Limited News Clippings
Section 1 : Bangla News
2 News Clippings
Daily Prothom Alo 02 January 2020
3 News Clippings
Daily Prothom Alo 02 January 2020
4 News Clippings
Daily Bonik Barta 02 January 2020
5 News Clippings
6 News Clippings
Daily Bonik Barta 02 January 2020
7 News Clippings
Daily Bonik Barta 02 January 2020
8 News Clippings
Daily Samakal 02 January 2020
9 News Clippings
Daily Samakal 02 January 2020
10 News Clippings
Daily Nayadiganta 02 January 2020
11 News Clippings
Daily Jugantor 02 January 2020
12 News Clippings
Daily Janakantha 02 January 2020
13 News Clippings
Daily Janakantha 02 January 2020
14 News Clippings
Daily Janakantha 02 January 2020
15 News Clippings
Daily Kaler Kantha 02 January 2020
16 News Clippings
Daily Ittefaq 02 January 2020
17 News Clippings
Daily Share Biz 02 January 2020
18 News Clippings
Daily Share Biz 02 January 2020
19 News Clippings
20 News Clippings
Daily Amader Shomoy 02 January 2020
21 News Clippings
Daily Jai Jai Din 02 January 2020
22 News Clippings
Alokito Bangladesh 02 January 2020
23 News Clippings
Bangladesh Protidin 02 January 2020
24 News Clippings
Bangladesher Khabor 02 January 2020
25 News Clippings
Desh Rupantor 02 January 2020
26 News Clippings
Desh Rupantor 02 January 2020
27 News Clippings
Daily Inqilab 02 January 2020
28 News Clippings
Section 2 : English News
29 News Clippings
The Financial Express 02 January 2020
30 News Clippings
31 News Clippings
The Financial Express 02 January 2020
32 News Clippings
33 News Clippings
The Financial Express 02 January 2020
34 News Clippings
Daily Star 02 January 2020
35 News Clippings
Daily Star 02 January 2020
36 News Clippings
Daily Sun 02 January 2020
37 News Clippings
Daily New Age 02 January 2020
38 News Clippings
Daily New Age 02 January 2020
39 News Clippings
Daily New Age 02 January 2020
40 News Clippings
Daily Observer 02 January 2020
41 News Clippings
Daily Observer 02 January 2020
42 News Clippings
Daily Independent 02 January 2020
43 News Clippings
Daily Independent 02 January 2020
44 News Clippings
Daily Dhaka Tribune 02 January 2020 Dhaka Customs posts 20% revenue growth in six months
Tribune Business Report Published at 10:31 pm January 1st, 2020
Bigstock
'The earnings would have been more had the present Finance Bill not offered zero duty facility for parts used by the local mobile phone assembling companies'
The Dhaka Customs House achieved above 20% revenue growth in the first six months of the current fiscal year, as it collected customs duty worth Tk2,218.49 crore during the period.
The performance of the single customs house, out of six in the country, is much better than national average of revenue growth from customs duty, sources at the National Board of Revenue (NBR) have said.
45 News Clippings
Officials concerned attributed the growth to post clearance audit, containing pilferage and strong monitoring by the authorities.
“We have taken zero tolerance against tax evasion and under invoicing,” Md Moazzem Hossain, commissioner, Customs House, Dhaka, told Dhaka Tribune. He said post clearance audit also gave dividend in augmenting earnings from customs duty.
According to data of Dhaka Customs, major imported items that contributed to huge revenue receipts include food products, clothing, capital machinery, telecommunication equipment and mobile phone sets.
Customs officials said the earnings would have been more had the present Finance Bill not offered zero duty facility for parts used by the local mobile phone assembling companies.
“The fiscal measures aimed at developing local telecommunication assembling sector weighed on revenue earnings of the government,” Moazzem said.
He, however, said the local assembling industry was developing and many people were employed in the sector amid fiscal measures rolled out in the budget for 2019-2020.
Asked, officials concerned at the customs house said customs duty generated from inbound international passengers was only around 1% of total yearly revenue from the customs house.
The country has six customs houses. Around 90% revenue from import-level duties is generated through the houses, while the rest comes from land customs stations, according to NBR data.
The NBR collected Tk20,649.41 crore from customs duties in July-October of the current fiscal year, leaving Tk7,799 crore shortfall against its target of Tk28,448.63 crore.
However, the collection was only 0.09% higher than that of previous year. It was Tk20,631.67 crore in last year. The government set the target of collecting Tk92,340 crore from the sector in the FY2019-20, up by 16.26%.
46 News Clippings
Daily Dhaka Tribune 02 January 2020 Finance minister: Now single-digit interest rate from April
Tribune Desk Published at 11:39 pm January 1st, 2020
File photo of Finance Minister AHM Mustafa Kamal Courtesy
It will initially be hard to implement the single-digit interest rate for all the sectors, he says
Finance Minister AHM Mustafa Kamal has said the implementation of the proposed single-digit interest rate has been deferred by three months to avoid complications.
"Hopefully, the single-digit interest rate -- highest 6% for deposit and maximum 9% for lending -- will now be implemented from April this year. The government has taken a tough stance about implementing this rate," he said while talking to reporters after a meeting of the Cabinet Committee on Public Purchase in Dhaka on Wednesday.
47 News Clippings
He said all had been ready to implement the proposed 6-9% interest rate for the manufacturing sector from January 1, reports UNB.
"But, during a meeting with bankers, it was discussed that if the proposal is implemented for only the manufacturing sector, it will create lots of complications as many industrial sectors will be left out of the benefit.
"To avoid these complications, Prime Minister Sheikh Hasina wants to apply such single-digit rate for all kinds of banking loans. That is why we have given a three-month time for banks to get prepared to apply the rate for all the sectors," the minister added.
He said all kinds of businesses -- from manufacturing to trading -- are contributing to the economy and therefore every sector should get the benefit of the single-digit interest rate.
Mustafa Kamal said it will initially be hard to implement the single-digit interest rate for all the sectors.
"But once it is implemented, the entire economy will largely be benefited."
He also said banks pay 2-3% interest on deposits all over the world except a few countries like Bangladesh.
"Even, in many developed countries, if you deposit money with banks, they will charge for such deposits instead of paying you interest," he said, adding that if the single-digit interest rate is not implemented, there will be no industrialisation.
48 News Clippings
Section 3 : Foreign News
49 News Clippings
The Financial Express 02 January 2020
50 News Clippings
Daily Star 02 January 2020
51