The gold ornament makers' body placed budget reaction

The DSEX, the benchmark index of the top bourse in Bangladesh, lost 9 points, or 0.15 per cent, to 6,356.

The DSEX, the benchmark index of the premier bourse in Bangladesh, gained 8 points, or 0.13 per cent, to 6,371 at 11:10 am.

The agricultural export from Bangladesh could decline as high as 11 per cent in the nations that are the biggest GSP facility providers following the country’s LDC graduation, according to a new study.

Stock market intermediaries yesterday urged the government to widen the corporate tax rate gap between listed and non-listed companies to encourage more companies to go public. 

The increase of duty on the import of cement clinker by Tk 200 per tonne will have an adverse impact on the cost of production and put a burden on consumers, said Mohammad Iqbal Chowdhury, chief executive officer of LafargeHolcim Bangladesh Limited.

The stubbornly high inflation has raised concerns that inflation expectations would become unanchored, meaning inflation will get much worse, which may necessitate an extended period of contractionary monetary policy, said Bangladesh Bank. 

Bangladesh’s exports bounced back in May after declining in the preceding two months riding on increased shipment of garments, the main export earning sector, according to data released by the Export Promotion Bureau (EPB) yesterday.

The 4th GTB 2023, an international trade show on garment machinery and allied products, will resume at GEC Convention Hall in Chattogram’s GEC More on June 8 after a gap of a few years due to disruptions caused by the Covid-19 pandemic.

Bank Asia Limited has signed an agreement with Grameenphone to appoint the retailers of the mobile phone operator as the bank’s micro-merchants with a view to taking banking services to the doorsteps of grassroot people and strengthening its financial inclusion drive to help Bangladesh become a cashless economy.

Mercantile Bank Limited yesterday launched a global debit card service for its customers.

The stock market of Bangladesh remained in the black yesterday, the first trading day after Finance Minister AHM Mustafa Kamal proposed the national budget for fiscal year 2023-24 on June 1.

All licensed money changers will have to become members of their trade body concerned by June 30 to run operations smoothly.   

Lankan Alliance Finance Ltd has changed its name to Alliance Finance PLC, according to a notice of the central bank.    

Setting aside a portion of money can be a great help during the worst time. People don’t know what is going to happen in the near future. Any sudden accident may occur and he may require emergency money for treatment.

The government yesterday announced that it would allow onion imports to reduce the suffering of lower-income groups amid ongoing inflationary pressure, according to an official of the agriculture ministry.

ICT trade bodies yesterday termed the proposed budget inconsistent with the government’s Smart Bangladesh vision, demanding withdrawal of VAT on software development and import duty on crucial software.

Opec and its allies met on Sunday to try to agree further cuts in production, sources told Reuters, as the group faces flagging oil prices and a looming supply glut.

Eastern Bank Ltd (EBL) has arranged a startup financing programme to disburse Tk 1 crore in favour of ShareTrip, a travel booking site of the country.

AirAsia Aviation Group Limited yesterday launched its Thai AirAsia sales office in Banani in the capital.