Daily News Flash 12th September 2017

1

DSEX 1628 Gold (Ounce) $134000 Dollar 8070 (Buy) 8070 (Sell) CSCX 2372 Oil (Barrel) $4767 Euro 9711(Buy) 9714(Sell)

BANGLADESH BANK DECIDES TO KEEP WATCHFUL EYE ON EXPOSURE OF BANKS 2

TAX RECEIPTS FROM DSE JUMP 170PC IN TWO MONTHS 3

STOCKS WITNESS MILD CORRECTION AFTER RECORD HIGH 4

COUNTRYrsquoS TOTAL POWER GENERATION CAPACITY STANDS 15761MW 4

BANGLADESH PRODUCES 14M TONNES SALTS THIS YEAR 5

STOP LOAN CONCENTRATION IN FEW BIG BUSINESSES 5

BD FIRM LIKELY TO ACQUIRE MALAYSIAN CO 6

BD GOLD RESERVE RISES FOURFOLD IN SEVEN YRS 7

SAVINGS TOOLS FACE REFORMS 8

ARTIFICIAL INTELLIGENCE HOLDS BRIGHT PROSPECTS EXPERTS 9

TANNERS OFFERING LOW PRICES FOR RAWHIDE MAKING EXCUSES 10

AGENT BANKING ACCOUNTS SOAR 60PC 11

THATS IT FASHIONS TO BUY 11CR SHARES OF PUBALI BANK 12

BATB SEEKS QUICK END TO TAX DISPUTE WITH NBR 13

BANKSrsquo CSR SPENDING UP 1584PC IN H1 13

EU BUYERS CUT BUSINESS TIES WITH 8 MORE RMG FACTORIES 14

BBrsquoS REFINANCING FUND FOR JUTE GETS HUGE RESPONSE 15

AKIJ GROUP LOOKS TO INVEST $20M IN MALAYSIA 16

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Daily News Flash 12th September 2017

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BANGLADESH BANK DECIDES TO KEEP WATCHFUL EYE ON EXPOSURE OF BANKS The central bank has decided to strengthen monitoring of commercial banks exposure to share market with a view to avoiding recurrence of an unwanted situation officials said Under the latest move the banks will have to submit their reports on fresh investment in the capital market to the Bangladesh Bank (BB) on weekly basis mentioning daily transactions separately Currently the banks are eligible to submit such weekly reports to the Department of Off-site Supervision (DOS) of the central bank on gross transactions basis without mentioning daily transactions separately The report must be submitted to the central banks concerned department on Thursdays within 500 PM by e-mail according to a communication issued by the BB Monday Weve intensified our monitoring and supervision on banks investment in the capital market through revising reporting format a BB senior official told the FE Under the revised reporting format the banks will have to furnish information about total fresh investments in the stock market along with total fresh fund provided to their subsidiaries Besides the banks will need to provide information about the margin loans made available to the customers by the subsidiaries on daily basis The central bank has laid emphasis on the issue of minimising risks of the banks according to the official The banks will have to report on each and every transaction relating to fresh investment in the capital market properly the central banker said while replying to a query He also said the central bank wants to know about the banks actual investment trend in the share market The BBs latest move comes against the backdrops of a sharp rise in the prime index of the Dhaka Stock Exchange (DSE) in recent days DSEX gained 250 points or 423 per cent in the just one month as it was 5901 points on August 10 and reached at 6151 points Monday the DSE data showed The market rose sharply on the back of large-cap shares especially heavyweight banking sector which led to the rise in daily turnover and the list of gainers in recent weeks according to the market operators They also said the increase in idle liquidity in the banking sector opened up fresh opportunity for banks to invest more in the stock market through lending to merchant banks The banks are now allowed to invest of 25 per cent of their total capital in line with the Banking Companies (Amended) Act 2013

Daily News Flash 12th September 2017

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According to the Banking Companies Act 1991 (Amended in 2013) total capital comprises four components paid-up capital balance in share premium account statutory reserve and retained earnings as stated in the latest audited financial statements While calculating total investment in the capital market different components including all types of shares debentures corporate bonds mutual fund units and other securities will be considered it added Source httpthefinancialexpresscombdstockbangladeshbangladesh-bank-decides-to-keep-watchful-eye-on-exposure-of-banks-1505188167

TAX RECEIPTS FROM DSE JUMP 170PC IN TWO MONTHS The governments revenue earnings from the major bourse marked a whopping 170 per cent rise in the first two months of the current fiscal year (FY) compared to the same period a year ago amid rising trading volume Analysts said on the back of rising turnover the government earnings from the premier bourse rose accordingly as earning is related to turnover The government bagged tax worth Tk 523 million in July-August the first two months of the current FY 201-18 as against Tk 194 million in the same period in the previous fiscal year which was 170 per cent higher according to statistics from the Dhaka Stock Exchange (DSE) Of the total earnings in July and August Tk 405 million came from the TREC (trading right entitlement certificate) holders commission popularly known as brokerage commission while Tk 118 million came from the share sales by sponsor-directors and placement holders the DSE data shows The DSE on behalf of the government collects tax as TREC holders commission and sponsor-directors and placement holders shares sales at the rate of 005 per cent and 50 per cent respectively and deposits the amount to the government exchequer On the other hand the government earned Tk 194 million in the first two months (July-August) for the FY 2016-17 the DSE data shows The government earnings from the DSE marked a significant rise in July-August period of the current FY as turnover increased compared to the same period in the previous FY said a DSE official The earnings are related to turnover Its usual that tax collection will rise if turnover increased the DSE official told the FE The daily average turnover on the DSE stood at more than Tk 10 billion in recent months which was around 450 billion in the previous year the DSE data shows DSEX the prime index of the DSE which replaced the DGEN in four-and-a-half-year back also added 350 points or 620 per cent in July and August as it opened at 5656 points and reached at 6006 points as on August 31 Meanwhile the government revenue collection from the DSE was Tk 127 billion in the FY 2012-13 Tk 154 billion in the FY 2013-14 Tk 174 billion in the FY 2014-15 Tk 158 billion in FY 2015-16 and Tk 247 billion in the just concluded fiscal year However the highest revenue collection of Tk 447 billion came from the DSE in the FY 2010-11 when the market was wild before crash Source httpthefinancialexpresscombdstockbangladeshtax-receipts-from-dse-jump-170pc-in-two-months-1505118985

Daily News Flash 12th September 2017

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BANGLADESH BANK DECIDES TO KEEP WATCHFUL EYE ON EXPOSURE OF BANKS The central bank has decided to strengthen monitoring of commercial banks exposure to share market with a view to avoiding recurrence of an unwanted situation officials said Under the latest move the banks will have to submit their reports on fresh investment in the capital market to the Bangladesh Bank (BB) on weekly basis mentioning daily transactions separately Currently the banks are eligible to submit such weekly reports to the Department of Off-site Supervision (DOS) of the central bank on gross transactions basis without mentioning daily transactions separately The report must be submitted to the central banks concerned department on Thursdays within 500 PM by e-mail according to a communication issued by the BB Monday Weve intensified our monitoring and supervision on banks investment in the capital market through revising reporting format a BB senior official told the FE Under the revised reporting format the banks will have to furnish information about total fresh investments in the stock market along with total fresh fund provided to their subsidiaries Besides the banks will need to provide information about the margin loans made available to the customers by the subsidiaries on daily basis The central bank has laid emphasis on the issue of minimising risks of the banks according to the official The banks will have to report on each and every transaction relating to fresh investment in the capital market properly the central banker said while replying to a query He also said the central bank wants to know about the banks actual investment trend in the share market The BBs latest move comes against the backdrops of a sharp rise in the prime index of the Dhaka Stock Exchange (DSE) in recent days DSEX gained 250 points or 423 per cent in the just one month as it was 5901 points on August 10 and reached at 6151 points Monday the DSE data showed The market rose sharply on the back of large-cap shares especially heavyweight banking sector which led to the rise in daily turnover and the list of gainers in recent weeks according to the market operators They also said the increase in idle liquidity in the banking sector opened up fresh opportunity for banks to invest more in the stock market through lending to merchant banks The banks are now allowed to invest of 25 per cent of their total capital in line with the Banking Companies (Amended) Act 2013

Daily News Flash 12th September 2017

3

According to the Banking Companies Act 1991 (Amended in 2013) total capital comprises four components paid-up capital balance in share premium account statutory reserve and retained earnings as stated in the latest audited financial statements While calculating total investment in the capital market different components including all types of shares debentures corporate bonds mutual fund units and other securities will be considered it added Source httpthefinancialexpresscombdstockbangladeshbangladesh-bank-decides-to-keep-watchful-eye-on-exposure-of-banks-1505188167

TAX RECEIPTS FROM DSE JUMP 170PC IN TWO MONTHS The governments revenue earnings from the major bourse marked a whopping 170 per cent rise in the first two months of the current fiscal year (FY) compared to the same period a year ago amid rising trading volume Analysts said on the back of rising turnover the government earnings from the premier bourse rose accordingly as earning is related to turnover The government bagged tax worth Tk 523 million in July-August the first two months of the current FY 201-18 as against Tk 194 million in the same period in the previous fiscal year which was 170 per cent higher according to statistics from the Dhaka Stock Exchange (DSE) Of the total earnings in July and August Tk 405 million came from the TREC (trading right entitlement certificate) holders commission popularly known as brokerage commission while Tk 118 million came from the share sales by sponsor-directors and placement holders the DSE data shows The DSE on behalf of the government collects tax as TREC holders commission and sponsor-directors and placement holders shares sales at the rate of 005 per cent and 50 per cent respectively and deposits the amount to the government exchequer On the other hand the government earned Tk 194 million in the first two months (July-August) for the FY 2016-17 the DSE data shows The government earnings from the DSE marked a significant rise in July-August period of the current FY as turnover increased compared to the same period in the previous FY said a DSE official The earnings are related to turnover Its usual that tax collection will rise if turnover increased the DSE official told the FE The daily average turnover on the DSE stood at more than Tk 10 billion in recent months which was around 450 billion in the previous year the DSE data shows DSEX the prime index of the DSE which replaced the DGEN in four-and-a-half-year back also added 350 points or 620 per cent in July and August as it opened at 5656 points and reached at 6006 points as on August 31 Meanwhile the government revenue collection from the DSE was Tk 127 billion in the FY 2012-13 Tk 154 billion in the FY 2013-14 Tk 174 billion in the FY 2014-15 Tk 158 billion in FY 2015-16 and Tk 247 billion in the just concluded fiscal year However the highest revenue collection of Tk 447 billion came from the DSE in the FY 2010-11 when the market was wild before crash Source httpthefinancialexpresscombdstockbangladeshtax-receipts-from-dse-jump-170pc-in-two-months-1505118985

Daily News Flash 12th September 2017

3

According to the Banking Companies Act 1991 (Amended in 2013) total capital comprises four components paid-up capital balance in share premium account statutory reserve and retained earnings as stated in the latest audited financial statements While calculating total investment in the capital market different components including all types of shares debentures corporate bonds mutual fund units and other securities will be considered it added Source httpthefinancialexpresscombdstockbangladeshbangladesh-bank-decides-to-keep-watchful-eye-on-exposure-of-banks-1505188167

TAX RECEIPTS FROM DSE JUMP 170PC IN TWO MONTHS The governments revenue earnings from the major bourse marked a whopping 170 per cent rise in the first two months of the current fiscal year (FY) compared to the same period a year ago amid rising trading volume Analysts said on the back of rising turnover the government earnings from the premier bourse rose accordingly as earning is related to turnover The government bagged tax worth Tk 523 million in July-August the first two months of the current FY 201-18 as against Tk 194 million in the same period in the previous fiscal year which was 170 per cent higher according to statistics from the Dhaka Stock Exchange (DSE) Of the total earnings in July and August Tk 405 million came from the TREC (trading right entitlement certificate) holders commission popularly known as brokerage commission while Tk 118 million came from the share sales by sponsor-directors and placement holders the DSE data shows The DSE on behalf of the government collects tax as TREC holders commission and sponsor-directors and placement holders shares sales at the rate of 005 per cent and 50 per cent respectively and deposits the amount to the government exchequer On the other hand the government earned Tk 194 million in the first two months (July-August) for the FY 2016-17 the DSE data shows The government earnings from the DSE marked a significant rise in July-August period of the current FY as turnover increased compared to the same period in the previous FY said a DSE official The earnings are related to turnover Its usual that tax collection will rise if turnover increased the DSE official told the FE The daily average turnover on the DSE stood at more than Tk 10 billion in recent months which was around 450 billion in the previous year the DSE data shows DSEX the prime index of the DSE which replaced the DGEN in four-and-a-half-year back also added 350 points or 620 per cent in July and August as it opened at 5656 points and reached at 6006 points as on August 31 Meanwhile the government revenue collection from the DSE was Tk 127 billion in the FY 2012-13 Tk 154 billion in the FY 2013-14 Tk 174 billion in the FY 2014-15 Tk 158 billion in FY 2015-16 and Tk 247 billion in the just concluded fiscal year However the highest revenue collection of Tk 447 billion came from the DSE in the FY 2010-11 when the market was wild before crash Source httpthefinancialexpresscombdstockbangladeshtax-receipts-from-dse-jump-170pc-in-two-months-1505118985

Daily News Flash 12th September 2017

4

STOCKS WITNESS MILD CORRECTION AFTER RECORD HIGH Stocks witnessed a marginal correction on Monday snapping the record rally as late hours sale pressure wiped out all the early gains Brokers said the market finished in the red as optimistic investors showed their buying appetite on sector-wise stocks in the early trading while some investors opted for booking profit in the late hours taking the market in the red zone The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher in the morning Monday Within the first hour of trading DSEX the prime index of the DSE rose more than 30 points but rest of the session it fell steadily and finally ended more than 16 points lower DSEX the core index of the DSE settled at 6151 points after losing 1628 points or 026 per cent over the previous day However the two other indices maintained their record-breaking rally The DS30 index comprising blue chips advanced 735 points or 033 per cent to finish at historical high at 2209 points since its inception in January 2013 The DSE Shariah Index (DSES) also rose to record high to close at 1372 points gaining 345 points or 025 per cent Turnover the important indicator of the market stood at Tk 1152 billion on the DSE which was 858 per cent lower than the previous dayrsquos turnover of Tk 1260 billion A total number of 0163 million trades were executed in the dayrsquos trading session with a trading volume of 32681 million securities The total market capitalisation of the DSE came down to Tk 4113 million from all-time high of Tk 4122 billion the previous day Of the 331 issues traded 122 closed higher 170 closed lower and 39 remained unchanged on the DSE trading floor LankaBangla Finance topped the turnover chart with about 718 million shares of Tk 457 million changing hands closely followed by Lafarge Surma Cement Square Pharmaceuticals CMC Kamal and Premier Bank S Alam Cold Rolled Steels was the dayrsquos highest gainer posting a 994 per cent rise while Meghna Pet was the worst loser losing by 984 per cent The port city bourse the Chittagong Stock Exchange (CSE) also closed marginally lower with its Selective Categories Index - CSCX ndashlosing 24 points to settle at 11533 points Losers beat gainers as 142 issues closed lower 101 closed higher and 30 remained unchanged on the CSE The port city bourse traded 1790 million shares and mutual fund units worth Tk 711 million Source httpthefinancialexpresscombdstockbangladeshstocks-witness-mild-correction-after-record-high-1505124871

COUNTRYrsquoS TOTAL POWER GENERATION CAPACITY STANDS 15761MW The total power generation capacity of the country now stands at 15761 MW This was disclosed by Power Division Secretary Dr Ahmad Kaikaus while he made a power-point presentation on the power sector Sunday He made this presentation at a function where the Prime Minister Sheikh Hasina inaugurated the Ashuganj 450MW combined cycle (north) power plant Keraniganj 108MW power plant import of 60 MW power from Tripura and cent per cent electrification of 10 upazilas of the country through a videoconference from her official residence Ganobhaban He further informed that the number of power connection receivers increased to 259 million in July which was 108 million at the beginning of 2009

Daily News Flash 12th September 2017

5

The transmission lines rose to 10436 kilometers while the distribution line to 401000 kilometers The distribution system loss came down to 998 per cent from the previous 1433 per cent he said Meanwhile Rural Electrification Board (REB) has set a target to bring all the 460 upazilas under 100 per cent electrification As per latest statistics released by REB so far 26 upazilas have been brought under 100 per cent coverage while 35 upazilas will come under the same programme by next month another 141 upazila will get 100 per cent electrification by December this year The REB plan reveals that hundred per cent electrification will be completed in some 137 upazilas in June next year while the remaining 121 upazilas will get 100 per cent electrification by December 2018 according to a report by UNB The REB official document shows the REB currently has 195 million consumers of different kinds including irrigation pumps Source httpthefinancialexpresscombdeconomybangladeshcountrys-total-power-generation-capacity-stands-15761mw-1505133582

BANGLADESH PRODUCES 14M TONNES SALTS THIS YEAR Some 14 million tonnes of salt was produced in the country this year against the annual demand of 16 million tonnes according to industries and commerce ministries Salt industry is the largest labor oriented cottage industry in Bangladesh In Bangladesh salt is produced from sea water by solar and lixiviation process in the coastal areas of the districts of Chittagong Coxrsquos bazaar Noakhali Barishal Khulna and the adjoining off-shore islands But the units in Coxrsquos bazaar account for the manufacture of about 95 per cent of the total production of the country It contributes heavily to the development of the economy of Bangladesh in terms of output employment generation and industrialization Besides using by every person as food items it is also very important raw material for some industries Salt is an essential ingredient for the preservation of rawhides Rawhide traders said it needs 8-10 kg salt for preserving each cow rawhide while 10-12 kg for each buffalo rawhide and 1-2kg salt for goat and sheep So it will cost Tk 150 to Tk 200 against salt for each cowhide It needs to use salt in rawhides within six hours after the animal slaughtered Tanners are worried as prices of salt increased substantially recently It will raise the cost of rawhide preservation of sacrificed animals during the Eid-ul Azha It is selling at Tk 18-19 per kg against the import price of only Tk 525 the tanners also claimed on Saturday Though the government has allowed the import of unrefined salt keeping in mind the tannery industrys demand some unscrupulous businesspeople increased the prices of salt creating an artificial crisis in the market ahead of the Eid-ul Azha they claimed The government has already approved 232 refinery mills to import o5 million tonnes of salt more to meet the deficit-SAA Source httpthefinancialexpresscombdeconomybangladesh-produces-14m-tonnes-salts-this-year-1503209483

STOP LOAN CONCENTRATION IN FEW BIG BUSINESSES The central bank asked the commercial banks to avert loan concentration in single big groups or sectors through diverting their investment portfolios to minimise default risks

Daily News Flash 12th September 2017

6

In another major directive the banks have been advised not to mention the names of specific universities or subjects from now on for recruitment of officials particularly Management Trainee Officer (MTO) and Probationary Officer (PO) The instructions were made Sunday at a meeting of bankers held at the central bank headquarters in the capital with Bangladesh Bank (BB) Governor Fazle Kabir in the chair The latest BB moves came against the backdrop of rising trend in consumer financing by the banks in 2016 amid falling lending rates and rising purchasing power of the countrys middle-class people Consumer credit rose 2822 per cent year on year to Tk 36983 billion in 2016 from Tk 28843 billion a year ago the BB data showed The central bank advised that the bankers take careful measure for financing in consumer products particularly lifestyle ones to avoid loan-concentration risk according to officials Weve advised the bankers to move up carefully about consumer financing SK Sur Chowdhury deputy governor of the BB told reporters after the meeting He also said the banks had been asked to avoid loan concentration with a group as well as sector in order to minimise risk The banks may face risk if loans are concentrated in a particular sector or a business group the deputy governor explained Meanwhile the overall asset quality of the countrys banking sector deteriorated slightly in 2016 while nearly 46 per cent of the total default loans are concentrated in three sectors Mentioning loan concentration in different sectors including readymade garment (RMG) and commercial loans the BB government asked the bankers to look into the issue properly The three sectors -- readymade garment (RMG) large-scale industries and commercial loans -- shared 458 per cent of total concentrated default loans The highest level of classified loan concentration has taken place in the commercial loans covering trade and commerce standing at 234 per cent in 2016 It was followed by 126 per cent and 98 per cent respectively in RMG and large-scale industrial credits according to the BBs latest Financial Stability Report (FSR) The total outstanding loans in the banking sector rose to Tk 67372 billion in 2016 from Tk 584615 billion a year before It was Tk 517837 billion in 2015 About new provisions on bank officials recruitment the deputy governor said an increased number of candidates will get the opportunity to compete for jobs under the new recruitment process At the meeting the BB governor advised the bankers to act as kind bankers to help people particularly in natural calamity according to Anis A Khan chairman of the Association of Bankers Bangladesh (ABB) The governor also told the bankers at the meeting to handle the NPL (non-performing loan) issue strictly the leading banker added He also said the central bank advised that the bankers should take effective measures to introduce internet banking as early as possible Currently 28 banks out of 57 are providing internet banking services to their clients Besides only nine banks have introduced Apps the ABB chief added Source httpthefinancialexpresscombdeconomybangladeshstop-loan-concentration-in-few-big-businesses-1505108238

BD FIRM LIKELY TO ACQUIRE MALAYSIAN CO Industrial conglomerate Akij Group is likely to get permission to invest US$20 million in Malaysia from its exporters retention quota officials said The central bank recently forwarded a proposal in evaluation committee (PEC) report to the finance ministry for a decision regarding Akij Groups plea to make equity investment abroad at the first go

Daily News Flash 12th September 2017

7

Now the financial institutions division under the ministry of finance is scrutinising the central banks report before providing the go-ahead to Akij sources said With $20 million worth of equity investment the Bangladeshi conglomerate wants to acquire Robin Resources (Malaysia) Sdn Bhd by taking $60 million more loans from abroad The company will produce fibreboard and wood-based products there and export to various countries According to the central banks PEC report the Malaysian Robin Resources Sdn Bhd is a profitable company and provided 10 per cent 20 per cent and 82 per cent dividend to shareholders during 2014 2015 and 2016 respectively According to the last audited financial report the earning per share of the company is $013 The company may earn some $8306 million as profit over next 10 years and the Akij Group has pledged to repatriate $2990 million during the period The central bank suggested submitting the proposal before the cabinet committee on economic affairs for its consideration However the PEC set some conditions against making equity investment which include 100 per cent repatriation of profit in the form of dividend taking prior permission from the central bank in case of reinvestment of earningsdividendssale proceeds of sharesresidual amount in case of liquidation and prior permission from Bangladesh Bank in case of share transfer or the winding up of the company The central bank also made compulsory employment creation for Bangladeshi nationals in the proposed company and asked for following zero-tolerance policy in case of money laundering and terror financing Earlier a cabinet meeting chaired by finance minister AMA Muhith in mid-May decided in principle to allow Bangladeshi investments abroad amid a strong plea made by several companies Before that the Bangladesh Bank had forwarded application of Akij Group Ha-Meem Group and Nitol-Niloy Group which sought permission to make equity investment worth a total of $37 million in Malaysia Haiti and Gambia respectively After the cabinet decision the central bank asked the three companies to submit detailed project proposal mentioning required statistics for the equity investment However only Akij Group submitted the project proposal so far Meanwhile following a PMO (Prime Ministers Office) directive an inter-ministerial committee led by executive member of the Bangladesh Investment Development Authority (BIDA) Ajit Kumar Paul is preparing a report asserting the necessity of allowing overseas investment by resident Bangladeshis The committee will submit the report shortly to the PMO Presently making equity investment abroad for resident Bangladeshis is not open under the foreign-exchange regulation act But under sub-section 6 of section-4 of the act the central bank in consultation with the government can identify areas of equity investment abroad Contacted over telephone Sunday secretary of the Financial Institutions Division Md Eunusur Rahman told the FE the ministry has been scrutinising the central banks report regarding Akij Groups application If we find it appropriate we will send it to the cabinet body for government decision he said Source httpthefinancialexpresscombdtradebd-firm-likely-to-acquire-malaysian-co-1505111303

BD GOLD RESERVE RISES FOURFOLD IN SEVEN YRS Bangladeshs official gold reserve has risen four times in seven years since 2010 to 14 tonnes prompting economists to discourage its external purchase now Sources said a big purchase and recurrent seizure of the precious metal at the airports during the time resulted in a rapid increase in the size of the reserve

Daily News Flash 12th September 2017

8

The official gold reserve had been recorded just 35 tonnes until 2009 It climbed to 135 tonnes the following year 2010 and to 138 tonnes in 2014 During the last two quarters ending June 2017 more 200 kilogrammes were added to boost the stock to an all-time high at 14 tonnes according to World Gold Council (WGC) findings Bangladesh had purchased 10 tonnes of gold bullion worth about US$400 million in 2010 from the International Monetary Fund as part of a bid for diversifying its reserve Gold had played a central role in the international monetary system until the collapse of the Bretton Woods system of fixed exchange rates in 1973 Since then its role has diminished But it remains an important asset in the reserve holdings of several countries and the IMF is still one of the worlds largest official holders of gold However economists familiar with the matter told the FE that the importance of gold in international financial system is no more but adequate reserve holding is good They said this precious metal has opposite relationship with the dollar and if the dollar weakens then the gold prices appreciate And for this reason there is a need for gold reserve in state coffers They noted that Bangladesh does not allow any import of gold and it may be sold out to private parties in crisis Dr Zahid Hussain the lead economist at the Dhaka office of the World Bank (WB) told the FE To diversify our foreign-exchange reserves such type of holding is necessary This may be used to feed the domestic demand as the country does not allow import of gold Dr Ahsan H Mansur executive director at the Policy Research Institute of Bangladesh said gold was earlier believed to be safe haven and it now again has an attraction as the rate of interest remained low globally Apart from this there are many gold-trading exchanges globally and for this reason the demand for gold remained high in recent years Dr Mansur however told the FE that Bangladesh should not purchase gold right now Bangladesh had no gold reserve since its inception in 1971 and the stocks were built by seizure and purchase of 10 tonnes by immediate-past governor of Bangladesh Bank Dr Atiur Rahman However beginning in 2010 central banks around the world turned from being net sellers of gold to net buyers of the same Last year they collectively added 483 tonnes-the second-largest annual total since the end of the gold standard-with Russia and China accounting for most of the activity The second half of 2015 saw the most robust purchasing on record according to the World Gold Council (WGC) In the meantime the USA remained number-one official reserve holder of gold by virtue of having 8333 tonnes followed by Germany holding 3381 tonnes Neighbouring India stood tenth holding 557 tonnes of gold Source httpthefinancialexpresscombdtradebd-gold-reserve-rises-fourfold-in-seven-yrs-1505106685

SAVINGS TOOLS FACE REFORMS The government plans to introduce two different interest rates on savings tools in order to rein in its growing reliance on the high-cost borrowings The government is considering to lower the interest rate on savings certificates for institutional buyers and keep the rate for individual buyers unchanged said an official in the finance ministry The official said the rate for institutional buyers could be brought down to close to the rates offered by banks Hedayetullah Al Mamoon senior secretary of the finance division said the ministry is examining the matter but no decision has been taken yet He said the savings scheme system would be remodelled keeping in mind the small savers

Daily News Flash 12th September 2017

9

Savings instruments are sold at about 17000 outlets ldquoSo it is difficult to identify buyersrdquo said the senior secretary adding that the savings scheme system would go digital An official of the savings directorate said a major part of the savings instruments is bought by institutional buyers As savings instruments yield higher interest compared to banks many private firms government organisations and financial institutions invest in the tools to make profits easily said an official of the central bank The government currently offers 1128 percent interest on five-year tenure savings tools to finance part of the annual budget The rate is 5 to 6 percentage points higher than those offered by commercial banks on term deposits As a result the governments borrowing from savings certificates is on the rise In the last fiscal year the government had targeted to borrow Tk 19610 crore from the sales of savings instruments The amount was raised to Tk 45000 crore in the revised budget But the governments net borrowing overshot to Tk 52417 crore Gross sales of savings instruments grew 40 percent year-on-year to Tk 75134 crore in the last fiscal year The momentum has continued in the current fiscal year as well In July net sales of savings certificates stood at Tk 5053 crore which is 44 percent higher than that in the same period in the last fiscal year On the other hand the governments borrowing from banks showed a reverse scenario although the cost of funds is lower In 2016-17 the governments goal of borrowing from the banking system was set at Tk 38938 crore Later it was revised down to Tk 23903 crore But the government had not borrowed a single taka from banks rather it repaid Tk 16885 crore Finance Minister AMA Muhith said several times that the rate of interest on savings instruments would be cut The finance ministry has also formed a committee to deal with the issue The finance ministry official said various quarters including the bureaucrats are opposed to lowering the rate of interest as it would affect low-income groups In June Agriculture Minister Matia Chowdhury criticised Muhiths plan to cut the interest rate on saving certificates Source httpwwwthedailystarnetbusinesssavings-tools-face-reforms-1460980

ARTIFICIAL INTELLIGENCE HOLDS BRIGHT PROSPECTS EXPERTS The use of artificial intelligence (AI) can help a country increase domestic production reduce costs and ensure security to a great extent experts said yesterday The countries in the developed world are using AI widely to boost their growth said Shehzad Noor Taus a Bangladeshi born expert and a deep learning software engineer at NVIDIA a global leader in visual computing technologies Taus who is also a former machine learning developer of IBM spoke at a roundtable on ldquoArtificial intelligence the next big thing for Bangladeshrdquo organised by eGeneration Ltd at Janata Tower Software Technology Park in Dhaka One cannot imagine how widely international companies and agencies are now using AI to boost their production and ensure security he said Machines equipped with AI which is also called intelligent agents collect information of its users and generate a new kind of data to solve a problem Artificial intelligence is now used extensively for medical science and harvesting and it also helps in ensuring autonomous surveillance and establishing smart cities experts said Around 58 percent of the businesses in the US have considered AI technologies but only 12 percent of them are actually using these systems nowadays the organisers said at the roundtable referring American market research company Forrester

Daily News Flash 12th September 2017

10

This will create a huge opportunity for the early adopters to pull ahead of their competitors eGeneration said Success of a business largely depends on knowledge and artificial intelligence finds out new knowledge for the entrepreneurs said Mohammad Mahfuzul Islam professor of computer science and engineering at Bangladesh University of Engineering and Technology ldquoMost of the countries in the developed world are now using AI to increase their productivityrdquo said Islam who is also the president of Bangladesh Computer Society According to different technological studies no doctors will be required after 2040 as machines will then be able to predict diseases and give treatment he said ldquoIn some cases people in Bangladesh are using different data generated by machines with AI for treatments and getting successrdquo AI is undeniably the future of information technology and changing the world for the better said Mustafa Jabbar president of Bangladesh Association of Software and Information Services Even global companies now purchase users data from Bangladesh to utilise them to increase their production said ABM Hamidul Mishbah a Supreme Court lawyer In 2018 there will be 6 crore devices connected with artificial intelligence in the world said Shameem Ahsan chairman of eGeneration group who chaired the roundtable ldquoA common debate has already arisen that the use of AI can reduce job opportunities but I think that will not happen The use of AI will also create new jobs which will help in maintaining equilibriumrdquo Companies in Bangladesh lag behind the ones in the developed countries as they are still adopting a go-slow policy to use AI he said AI makes it happen what people used to read in science fictions decades ago Noor Taus said Driverless cars are now a reality in the developed world through the use of mathematical algorithms he said Amazon and Facebook are using AI technology extensively to design their products he said The Bangladesh market has huge potential for artificial intelligence said SM Ashraful Islam executive vice chairman of eGeneration Group ldquoThe benefits of AI for public health agriculture traffic management national security manufacturing and service industries pose a lot of opportunities for us that we must explorerdquo He suggested the collaboration between the government academia and industry is needed to prepare the country for adoption of AI Japan is now rapidly increasing their productivity and smartly managing traffic by using AI Islam said Source httpwwwthedailystarnetbusinessartificial-intelligence-holds-bright-prospects-experts-1460977

TANNERS OFFERING LOW PRICES FOR RAWHIDE MAKING EXCUSES Tanners are offering merchants low prices for rawhides under the excuse of having borne high investment for machinery at the newly constructed Savar leather estate running operations there on a limited scale of having unsold stocks and falling international prices of leather goods The business cycle mainly centres around the Eid-ul-Azha sacrifices when over 50 percent of the annual sourcing occurs with rawhides changing hands from seasonal retailers to merchants to tannery owners Tannery owners have started buying the rawhides which merchants cure with salt from the major markets such as those in Posta and Amin Bazar in Dhaka Razarhaat in Jessore Palashpur in Thakurgaon Natore sadar market Shambuganj in Mymensingh and Rangpur ldquoThe tanners are offering us low pricesrdquo said Mohammad Ali a trader at Posta the countrys largest rawhide market

Daily News Flash 12th September 2017

11

Merchants on an average paid retailers between Tk 1400 and Tk 1500 for each rawhide and afterwards spent Tk 300 to Tk 350 behind the salt labour transport and warehouse rent Ali said However tanners are now offering between Tk 1800 and Tk 2000 for each rawhide he said The merchants have no option but to give in as the tanners act in unison he added Ali Hossain former chairman of Bangladesh Hide and Skin Merchant Association also stated that the prices were relatively lower this year and that tanners were reasoning the same The tanners are paying Tk 80 per square feet of premium quality rawhide and between Tk 50 and Tk 60 per square feet for those of lower grades Rawhide quality falls for reasons such as delayed and inadequate application of salt poor transportation and inefficient skinning This year there is a possibility of 20 percent of rawhides depreciating in quality for the application of inadequate salt said Shaheen Ahamed president of Bangladesh Tanners Association Every 75-kilogramme bag of salt sold between Tk 1400 and Tk 1500 centring Eid whereas it was between Tk 800 and Tk 900 even two to three months ago Tanners say the quality of rawhides from Dhaka and the countrys northern districts were usually good and those from Barisal Chittagong and Noakhali were of a lower grade due to attacks by insects ldquoWe have already sent our representatives to different markets of the country to buy rawhides from merchants We will continue purchasing rawhides for the next two to three monthsrdquo Ahamed said Ali Hossain said this year over one crore pieces of rawhide would be processed into leather including that of nearly 55 lakh cows 40 lakh goats and 10 lakh buffaloes and sheep Tanners have already invested nearly Tk 5000 crore to set up new factories at the Savar leather estate and this had a negative impact on rawhide sales he said The industries ministry claimed that 80 tanneries started operations at the Savar leather estate although industry insiders said the figure was hardly 40 till date That so many tanneries have halted operations or are running on a limited capacity also had a negative impact on the rawhide market Hossain said He claimed that retailers bought rawhides at prices higher than the government fixed rates of Tk 50-55 per square feet Moin Uddin deputy manager of the Savar leather estate claimed that 85 tanneries had started operations and the number would cross 100 within next month as construction works were going on in full swing On the other hand people who sacrificed animals say rawhide prices dropped over 30 percent compared to that following the previous Eid They said a medium sized rawhide of a cow sold between Tk 600 and Tk 800 this Eid but it sold between Tk 1200 and Tk 1300 last year The number of rawhide laden trucks arriving every day at the Savar leather estate is increasing This Eid the price per square feet of cow rawhide was fixed at Tk 50-55 in Dhaka and Tk 40-45 outside For that of he-goat it was Tk 40-45 and for she-goat Tk 15-17 Leather and leather goods are the second highest export earning sector after apparel It raked in $123 billion last fiscal year up 629 percent year-on-year according to data from Bangladesh Export Promotion Bureau Source httpwwwthedailystarnetbusinesstanners-offering-low-prices-rawhide-making-excuses-1460983

AGENT BANKING ACCOUNTS SOAR 60PC About 33 lakh agent banking accounts were opened in the first half of the year -- an increase of 6018 percent -- thanks to the growing popularity of this new form of banking service aimed at those living in remote areas across the country So much that some banks are giving higher priority to developing their agent banking infrastructure than to building their mobile banking platform

Daily News Flash 12th September 2017

12

Agent banking means providing limited scale banking and financial services to the underserved population through engaged agents under a valid agency agreement rather than a teller cashier It is the owner of an outlet who conducts banking transactions on behalf of a bank The Bangladesh Bank has decided to promote this complimentary channel to reach the poor segment of the society as well as existing bank customers with a range of financial services especially to geographically dispersed locations It had issued the agent banking guideline in 2013 but it was not until last year that banks rolled out their full-fledged operations At the end of June the total number of agent banking accounts stood at 873 lakh in contrast to 545 lakh at the end of December last year according to data from the BB This channel is increasingly becoming the medium of choice for migrant workers to send money home because there is no additional fee to withdraw money from accounts In contrast there is a 2 percent charge for taking money out from mobile banking accounts Between the months of January and June Tk 89019 crore of remittance was sent which is almost treble that in the preceding six months ldquoAgent banking is getting popular because it is cost-effectiverdquo Abul Kashem Mohammad Shirin managing director of Dutch-Bangla Bank earlier told The Daily Star Subsequently banks are fast buying into this concept In the first six months of 2017 seven banks have signed up for agent banking licence to take the tally to 17 Of the 17 banks 12 are already running their own agent banking operations with one in the process of rolling out their service The banks that are providing agent banking services are Dutch-Bangla Bank Asia Al-Arafah Islami Social Islami Modhumoti Mutual Trust NRB Commercial Standard Agrani Midland First Security Islami and City Bank Of them Dutch-Bangla is the market leader with its 1454 agent outlets and 575 lakh agent banking accounts It is followed by Bank Asia which has 1238 agent outlets and about two lakh agent banking accounts Agent banking is growing in prominence due to increasing financial literacy and awareness about the channel said Arfan Ali president and managing director of Bank Asia ldquoBesides the agents have won peoples trustrdquo he said adding that agent banking allows banks to offer a wider range of products and services than through the mobile banking platform The agents provide services such as cash deposits withdrawals remittance disbursement small-value loan disbursement loan recovery and cash payments under the governments social safety net programmes In contrast only account deposits and withdrawals can be made through the mobile banking platform At the end of July the total number of mobile banking accounts stood at 544 crore However there are risks to agent banking such as choosing the right agent and liquidity management in remote areas Ali added The central bank has formed a committee to prepare a comprehensive guideline to make the agent banking service easier said a senior BB official Source httpwwwthedailystarnetbusinessagent-banking-accounts-soar-60pc-1460974

THATS IT FASHIONS TO BUY 11CR SHARES OF PUBALI BANK Thats It Fashions Ltd one of the corporate directors of Pubali Bank announced yesterday that it wants to buy 11 crore shares of the bank within next 30 working days Thats It Fashions a concern of Ha-Meem Group will buy the shares from the block market through stock exchanges according to a posting on the Dhaka Stock Exchange website

Daily News Flash 12th September 2017

13

The garment-maker will have to spend nearly Tk 30 crore to buy the shares at the present market price A Pubali Bank share traded at Tk 265 yesterday ldquoBasically shares will be transferred from one concern of Ha-Meem Group to another concern of the grouprdquo said Abdur Razzak Mondal who represents Thats It Fashions in Pubali Banks board As on July 31 this year sponsors and directors held 2889 percent share in the bank below the mandatory 30 percent threshold set by the Bangladesh Securities and Exchange Commission in 2011 ldquoThe new share purchase will take the sponsors and directors holdings to above 30 percentrdquo said Mondal Pubali Bank is the countrys largest private commercial lender with 455 branches Source httpwwwthedailystarnetbusinessthats-it-fashions-buy-11cr-shares-pubali-bank-1460971

BATB SEEKS QUICK END TO TAX DISPUTE WITH NBR British American Tobacco Bangladesh has sought an out-of-court settlement for a VAT dispute amounting to Tk 1924 crore as it looks to close the episode that has dragged on for four years and the UK Foreign Office into a major lobbying controversy The British multinational company in July wrote to the revenue authoritys Large Taxpayers Unit about its intent to resolve the value-added tax wrangle through the Alternative Dispute Resolution method This was followed by a letter from Alison Blake the British high commissioner to Bangladesh to Finance Minister AMA Muhith early last month on the matter ldquoI understand you have advocated that the NBR arrange meetings with the law minister and attorney general to discuss the possibilities of an out-of-court settlement but somehow these meetings have not been heldrdquo she said in the letter ADR is the procedure for settling disputes without litigation ADR is usually less formal less expensive and less time-consuming than a trial The National Board of Revenue though said it cannot do anything on the matter as long as the case remains pending with the Supreme Court ldquoOut-of-court settlement through the ADR is not possible right nowrdquo said LTU Commissioner Md Matiur Rahman ldquoThe matter in question is sub judice and should be settled in the court of lawrdquo said NBR Chairman Nojibur Rahman while acknowledging that BATB is a good taxpayer one that provides a substantive amount of revenue to the public exchequer every year Source httpwwwthedailystarnetbusinessbatb-seeks-quick-end-tax-dispute-nbr-1460968

BANKSrsquo CSR SPENDING UP 1584PC IN H1 Banksrsquo CSR expenditure increased by 1584 per cent to Tk 32622 crore in the first half of this year from Tk 28159 crore during the corresponding period a year ago But 26 banks failed to spend 30 per cent of their total expenditure in educational sector defying the central bankrsquos directive Six banks failed to spend any fund in their corporate social responsibility programmesrsquo fund in the January-June period of this year according to a recent Bangladesh Bank report The six banks are Rupali Bank Bangladesh Krishi Bank Rajshahi Krishi Unnayan Bank Bangladesh Development Bank ICB Islamic Bank and Woori Bank Besides eight more banks spent an insignificant amount of CSR fund in the first six months of this year The banks are Janata Bank BASIC Bank Bangladesh Commerce Bank Meghna Bank Bank Alfalah Commercial Bank of Ceylon Habib Bank and National Bank of Pakistan The eight banks collectively spent only Tk 116 crore in their CSR programmes

Daily News Flash 12th September 2017

14

The banks and NBFIs will have to use 30 per cent of total CSR expenditure in the education sector for the underprivileged population according to the central bank circular The expenditure should be for scholarships and stipends for students from low-income family in reputed academic and vocational training institutions Twenty-six banks failed to spend 30 per cent of total expenditure in the educational sector in the first of this year Banksrsquo CSR expenditure in the educational sector however increased to Tk 12675 crore in the January-June period of this year from Tk 84 crore in the same period of 2016 The banks and NBFIs are supposed to allocate at least 20 per cent of their CSR fund for preventive and curative healthcare support assistance for underprivileged population segments The banks and NBFIs are told to allocate their CSR fund for hygiene initiatives like provision of safe drinking water hygienic toilet facilities for poor households and for floating population in the urban areas The remainder of direct budgetary CSR expenditure allocations are supposed to be used in such other areas as emergency disaster relief promoting adoption of environmentally sustainable output practices and lifestyle promoting artistic cultural literary sports and recreational facilities for the underprivileged people BB officials are not totally convinced that the entire CSR fund went to the purposes of serving underprivileged section of the society as many of the banks disbursed the fund for influential sections A BB official said that banks were also under pressure to disburse CSR fund to organisations close to influential sections of the society including ruling party leaders to lsquopleasersquo the government Besides a number of banks also disbursed CSR fund to the law enforcement agencies either by donating cars or constructing buildings they said Although the central bank has a policy on the CSR it did not monitor the banksrsquo activities in this regard and in some cases it overlooks the banksrsquo CSR activities because of the connection of influential people he said The BB introduced the guidelines in 2014 after banksrsquo CSR fund surged to Tk 44715 crore in 2013 from Tk 30467 crore in 2012 and Tk 21883 crore in 2011 The banks spend Tk 49675 crore in their CSR programmes in 2016 and Tk 52781 crore in 2015 The BB official said that the central bank had not conducted detailed inspections of the banksrsquo CSR fund disbursement process in recent period He said that the banks might violate the central bankrsquos rules and regulations in disbursing the CSR fund as they frequently distributed the fund on political consideration The central bank earlier unearthed that some state-owned and private commercial banks had committed financial crimes in disbursing their CSR fund the official said The government suspended the CSR programmes of four state-owned banks for some months in 2014 he said The BB earlier issued the CSR guidelines saying that the board of directors of the banks and non-bank financial institutions must scrupulously avoid any allocation in favour of any entity directly or indirectly connected with their directors senior management members or with trustees of their CSR foundations Source httpwwwnewagebdnetarticle23832banks-csr-spending-up-1584pc-in-h1

EU BUYERS CUT BUSINESS TIES WITH 8 MORE RMG FACTORIES A consortium of European brands and buyers has recently terminated business relations with eight more readymade garment factories in Bangladesh as the companies failed to ensure workplace safety as per the standards of the group

Daily News Flash 12th September 2017

15

With the eight the Accord on Fire and Building Safety in Bangladesh has so far cut business relations with 97 RMG factories on ground of safety issues The eight factories are Fulpur Knit and Garments Ltd two factories of FNF Group mdash Arion Dresses Limited and Klarion Designs Ltd two factories of Fashion Store Group mdash Fashion Store Ltd and Purnata Fashion Limited Tean T-Shirt Fashion Ltd and two units of Rashed Group mdash Deshone Apparels Ltd and Rashed Exports Limited In separate statements the Accord said that the signatory companies of the platform terminated business relations with the factories due to their failure in implementing workplace safety measures and submitting corrective action plans Despite notice and warning and numerous efforts by the Accord staff and Accord signatories the factory owners continued to fail to cooperate and implement the corrective action plans approved by the Accord the buyersrsquo platform said After the Rana Plaza building collapse in April 24 2013 that killed more than 1100 people mostly garments workers EU retailers formed the Accord to improve factory safety in Bangladesh At the same time North American retailers including Walmart and Gap formed the Alliance for Bangladesh Worker Safety undertaking a five-year plan which set timeframes and accountability for inspections and training and workers empowerment programmes The Alliance has so far cut business relations with 159 supplier factories due to their failure in making adequate remediation progress Both the platforms conducted safety inspections in more than 2300 RMG factories from where they procure products Source httpwwwnewagebdnetarticle23834eu-buyers-cut-business-ties-with-8-more-rmg-factories

BBrsquoS REFINANCING FUND FOR JUTE GETS HUGE RESPONSE The refinancing scheme of Bangladesh Bank for jute sector has drawn a huge response from borrowers as banks have already disbursed Tk 34322 crore revolving loan since its launch in June 2014 BB launched the refinancing scheme with a fund of Tk 200 crore in 2014 to support jute sector for bringing back its glorious past Eighteen private and public commercial banks were nominated for channelling the fund to the public and private jute mills raw jute traders and exporters The banks are Sonali Bank Rupali Bank Agrani Bank Janata Bank Basic Bank United Commercial Bank IFIC Bank National Bank Prime Bank AB Bank Mercantile Bank Uttara Bank Bank Asia Standard Bank One Bank The City Bank NRBC Bank and Rajshahi Krishi Unnayan Bank lsquoOf the allocated fund the banks initially disbursed Tk 17523 crore But the amount of disbursement has increased to Tk 34322 crore due to huge demand from borrowersrsquo said an official of BB He said the central bank allocated Tk 7763 crore for public jute mills Tk 9367 crore for private jute mills and Tk 2870 crore for raw jute traders and exporters at 5 per cent interest rate to the banks lsquoThe banks initially disbursed Tk 7083 crore to the public jute mills Tk 8450 crore to the private jute mills and Tk 1990 crore to the jute mills and raw jute traders and exportersrsquo he added The BB official said the banks recovered Tk 237 crore and the present balance of the scheme is Tk 9385 crore He also said major part of the fund was received by private jute mills across the country Among the banks Janata Bank disbursed the highest Tk 10721 crore the BB official added Under the BBrsquos scheme he said banks are allowed to charge 90 per cent interest rate for the raw jute purchasing purpose

Daily News Flash 12th September 2017

16

Banks can provide loan to the jute mills and exporters for one year to purchases jute from farmers subject to repayment or adjustment of each quarterly interest and real amount The loan can be yearly renewed in the five years tenure subject to repayment or adjustment of principal and interest amount in every year Source httpwwwnewagebdnetarticle23835bbs-refinancing-fund-for-jute-gets-huge-response

AKIJ GROUP LOOKS TO INVEST $20M IN MALAYSIA While three leading Bangladeshi companies applied to make equity investments overseas only Akij Jute Mills Ltd was recommended by a committee formed by Bangladesh Bank The Financial Institutions Division under the Ministry of Finance had proposed the Cabinet Division about permitting three local firms to invest abroad Nitol-Niloy Group Ha-Meem Group and Akij Group were the three contenders The Cabinet Committee on Economic Affairs tasked Bangladesh Bank to form the committee to evaluate the companies Bangladesh Bank Performance Evaluation Committee (PEC) had 13 conditions all of which were met by Akij Jute Mills Ltd The conditions included creating employment opportunities for Bangladeshi workers in the country of investment remit profit made abroad back to Bangladesh account for the investment capital among others Akij Jute Mills Ltd proposed to acquire a Malaysian company called Robin Resources (Malaysia) Sdn Bhd including its fully-owned subsidiary Robina Flooring (Malaysia) Sdn Bhd The PEC responded positively to the proposal in Malaysia and the recommendation was passed by the committeersquos Executive Director Ahmed Jamal Under the Foreign Exchange Regulation Act overseas investment is not permitted for resident Bangladeshis If the Akij Group investment comes through it will break open new grounds in foreign trade for the country Source httpwwwdhakatribunecombusiness20170911akij-group-looks-invest-20m-malaysia

ও ও

( ) ১৬ অ ( )

৪৩

৫২ ৬ ১৬৭

অ ও ও

৩০ -৩০ ৭ ২ ২০৯

৩ ১ ৩৭২ অ

অ

অ ও অ অ

অ ও অ ও

ও

অ ১০

১ ৩০ ২ ৬৬ ৪০

অ ৩৫

৪৬

ও ১০ ৬৪

ও ২৯ ১৩৯

১০৩

১ ১৫২ ১০৮

৭১ ৭

Daily News Flash 12th September 2017

17

Source httpwwwprothom-alocomeconomyarticle1319986

৬৮ ৬৮ অ অ - ১৫ অ

অ অ অ

( - - ৫) ( )

ও ও ৪৯৮ ( )

অ ১৮ ১৫ অ

৬০ ১২ ৮ অ অ

অ

( ) ৬৬০ ৩৫২

ঋ ( ) ১৬৬ ১৪২

ও - - -৫

( - -ও -৫) - - ৫ ১৬ ১৯

অ ১৬ ১৫

ও

অ অ

ও ও ও

অ ও অ ও

ও

অ

ও

- অ অ

অ ও

অ ও

অ ৩৭ ৯০

অ

( ) অ ১

( ) ও ও

অ

অ ও

ও অ

৬৪ ৬৯৩ ১ ৬ ৪৬ ৯৩

৭ ৫০ ৪৪ ১ ৩ ৫১

অ অ অ

ও ১৯৮২ অ

অ অ ও

অ ২০১৪ ৬৯ ২৬

২০১৪

অ অ

অ অ

Daily News Flash 12th September 2017

18

অ অ অ

ও ৪৯৮ ৫৮

অ অ

অ ও

১১ ২০১৪-১৫ অ ২২৮ অ ও অ ও

অ অ

ও

ও

ও

অ অ ও

ও

ও ৯৫ অ ও

অ

( ) অ

অ

অ অ

Source httpwwwprothom-alocomeconomyarticle1320006

৩২৬

( - ) ( ) ৩২৬ অ

অ ও

১ ৭২

ও

ও অ ও অ

২৪ অ ৪০ ও অ

অ ৫৯

অ - ৪৪ ৭০

- lsquo

rsquo

Daily News Flash 12th September 2017

19

৩১ ১৬ ১৫

১৪

৩০ ২০ ১০

অ

অ ১২৭

৯৪ ৩৪

অ ৩৯ ১১ ২৯

অ অ ও

৫

ও

অ অ ( ) ও

অ অ

১০ ( ndash ২০১৭)

৫৯

ndash ৪৪

৩১

১৬

১৫

১৪

১১

৯

৯

৮

Source httpwwwprothom-alocomeconomyarticle1319996

ও ৬ ৫৭

৬ ৪১ ও

অ

৪ ৪৯৭ ১ ৯০

অ ও অ অ অ অ (অ )

৩০৪

৩২৩ ৫ ৮৮

Daily News Flash 12th September 2017

20

৫৩০ ৫৬

২০১৫ ৫৪০ ১ ৭৭

lsquo

- -

rsquo

অ lsquo

অ rsquo

lsquo ও ও sbquo অ ‛

অ ও ও

অ rsquo

অ অ - ১ ৪৩১

৪ ২৭

৬৫২ ৬ ১৬ ১৩

৩৯ ১৪

ও ও

২৩২ ২১ ৪

৫১ ৪ ৫৭

Source httpwwwprothom-alocomeconomyarticle1319981

৬৮ ও ( ) ও ৬৮ অ

ও ও ২০১০ ২০১৫

ও ৩৭ ৮০ ও

১৯৯১ ৩৭ ৩ অ ৩০ ৮

অ ৬৭ ৮২ ৭৯ ৭০০

২০ অ

৯ ৯৭ অ ১ ৬০

অ - ও ৩৭ ৬৪ ৯২

৩৭ ৮০ ৭০ ৬৮

২ ও

ও অ

ও

৬৮

ও

৩৭ ৮০ ও ১৯৯১ ৩৭ ৩ অ

৩০ ৮ ৬৮

অ

ও lsquo ও

৪৫

ও rsquo

Source httpwwwkalerkanthocomprint-editionindustry-business20170912541584

Daily News Flash 12th September 2017

21

অ

অ অ

অ ও

ও ৩৫ ৪০

১২০০ ১৮০০

অ ও

অ ও ৬০

৬৫ ও ২৫ ৩০

অ ও

ও

ও অ

ও

৩০

Source httpwwwkalerkanthocomprint-editionindustry-business20170912541593

ও ২৭ ও অ ও

২০০৮ ৩৭ - ২০০ ও অ

( ) ও অ ২০১০

অ ও অ ও

( ) অ অ mdash

অ ও ২৭

ও ( ) ও ও

২৭ ৪১ ও ও

ও ২৭ ও অ

২০২০ - ও

ও

ও ২৭ ৪১

ও

ও অ ১০ অ ৭

ও অ

২০০৮ অ ( ) অ

ও ২১৩ ২০১০

Daily News Flash 12th September 2017

22

ও ৩৩২

২৫১ ও ৮০ ও ও

২০২০ অ

৫০ ও -

ও

lsquo ও অ

অ ২০২০

ও rsquo

২৭ ও ১০ ১০

৯০

ও ৯০ ২০০

ও ৭০

১৯৮২ ও ১৭০ অ

ও ১৫ ৬০০ ৩৩৫

১৩৩ ও অ ও ১০

ও ও ও ৮০

ও অ

অ অ ( )

ও

অ

ও ও ১২

ও

ও

৭৭ - ও ও

Source httpwwwkalerkanthocomprint-editionindustry-business20170912541591

- - অ

ও

ও অ ও

১১ অ

অ

অ - -

অ ও

ও ও

ও অ

ও ও

Daily News Flash 12th September 2017

23

অ ( )

অ অ ও

অ

অ অ

অ

Source httpwwwkalerkanthocomprint-editionindustry-business20170912541587

৫০ ১৫৫

অ (২২ ১১ ৬৬৪ ) ৫০ ১৫৫ ২১ ৪৭ ৮২২

১৮ ৪১ ৯৯০ ২৬ ৮২৭

অ

১৩

২৭

৮ অ

২২ ৪৮ ৬৩৯ ২১ ৪৬ ৪৮১ ১৮ ৪০ ৮২৪

২৬ ২৪৪ অ

Source httpwwwkalerkanthocomprint-editionindustry-business20170912541585

৩১ অ অ

( ) ও অ

ও ও অ

অ অ অ অ -১৯৯১

৩০ ৮৮

ও অ অ ও -

২০০২ও

অ ও

অ

ও ও

অ

অ অ ১৭ ২৭

৩ ২৯৬ ২১৮

৪১৩ ২৮৬

১২৬ ৬৫ ৯

১২ ২

১৭ ও

ও অ অ

ও

২৯ ২০১৭ অ অ

অ

Daily News Flash 12th September 2017

24

অ ও ১৬

৩০ ৮৮

৫ ৫ ৩৪৩

২১৮ ২০৯ ৫

২ ২ ও ২

২

অ ১৯৯১ ১৪ ( )(১)

১০

ও ১৪ ( )(১) অ

অ ৫

ও অ অ ও ২০০২ অ

অ ১০ অ

ও

ও

অ ও ৮ ৯৮ ও

ও অ ও

৩ ৬০ ও ও ১ ৫০ অ

অ অ

ও ও

ও ও

ও

ও অ ও ও

অ ও অ

অ অ অ ঋ ও

ঋ ঋ

ও

ও

অ

ও

ও অ

ও

অ অ

অ

ও

Source httpwwwarthosuchakcomarchives370456

Daily News Flash 12th September 2017

25

lsquo rsquo

( )

অ অ

২০১০ অ অ

ও

ও

ও ২০২১ ও ২০৪১

অ

ও ও

অ ও

Source httpwwwarthosuchakcomarchives370654

ও ( )

ও অ ২

অ -

-

Source httpwwwarthosuchakcomarchives370625

ও ( ও) ৪০

অ

অ

( ) ও অ

ও

৪০ ও

অ ৯৫ ৩৮ ও

১০ ৫ ৫৬ ১২ ৯৪ ১৬

৯ ৯৫ ৫৬

৫ ৪ ৭২ ও ২

অ ১০ অ ১০০ ৩৯ ৩০

২০১৫ ৪ ০২

১৫ ৬৬ ৮৮ ১২ ৬৩ ৬৮

২১ ১৬

ও ও

অ ১

Daily News Flash 12th September 2017

26

অ অ

২ ও

অ - অ

ও ও

ও ও

অ

অ ৩

ও

অ

ও

Source httpwwwda ও-অ -অ -2

৪ ১১ অ - ও ( ) ৩৩

২৯ অ

১১ ১৮ অ ২০১৬

৭ অ -২০১৭-

ও ঋ ও অ - ও অ

ঋ

ও

ও অ

ও অ

৩৩ ১১

ঋ ঋ - ঋ

অ

ও ও ও ও

ও অ

ও ২০১৫ ৩২ ১৮ ও

১০

২০১৬ ২১ ও

১১ ৪-

১৮

অ ও ও mdash

২০১৬ ৩৩

৪৭০ অ ২০১৫ ও ৯৭০ অ

৫১ ও ও অ

২০০৯ ৪৩৬

২০১০ ৬১০ ২০১১ ৭০০ ২০১২ ৬১০ ২০১৩ ৮০০

Daily News Flash 12th September 2017

27

২০১৫ ৯৫০ ২০১৫ ৯৭০ ও

২০১৬ ৪৭০

২০১০ ( ও ) ১৫ ২০১৬

ও ৪ ৪ ৪ ২ ২০১০

( ও ) ৩ ২০১৬ ও ৭

ও ৬

২০১৬ ঋ ২ ৫২০

অ ১ ৯৮০ ২০১৬ ৫৪০

ঋ ৭ ৩

৮ ১ ঋ ৪ ৫০০

২০১৬ ৩৩ ও ২০

১০

২৩

২০১৬ অ

Source -৪ - -

- ও অ

ও ও

ও

২২০

১

ও

ও ও

অ ১ ৭

১৬৯ ১ ৬৩ ১৩২

ও ও

২০১৭-১৮

( - ) ও (অ - )

অ - ২০০৮

৩০ ২০১৬-১৭ ( )

৪১ ৯৪৪ ৪২ ১৫৬ ৬৯

১০৬ ১৪ ( ) ৫ ১১

৩ ৬৪

২০১৬-১৭ ৮ ৯৯

১২

Daily News Flash 12th September 2017

28

২০১৬ ৩০ ১৮ ৩০ ১৮

অ ৩০ ৬০ ও ১০ ১৮ ৭

৭২

Source httpwwwsharebazarnewscomarchives86342

ও অ

( )

অ ১০

অ

৩৯ ৪০

৪৬ ১০ অ

Source httpwwwsharebazarnewscomarchives86312

ও অ অ ও অ

( )

ও অ অ

ও -অ অ

অ ও ও ও

ও

অ -

অ অ অ

২২

২৭ ও ও

অ অ ও ও

- অ -অ

-অ ও

অ অ

-অ অ

অ ও অ

ও অ অ

ও অ ও ও

ও অ

অ

অ ও ও

অ

ও অ ও

ঋ -অ

অ ১১৩ -অ ৯৭

ও ঋ ৪

Daily News Flash 12th September 2017

29

৮৯ অ ১০ ও অ

Source httpwwwsamakalcomtodays-print-editiontp-economicsarticle17091296অ - - - -

ও

ও

অ

অ

অ অ

ও অ

ও

Source httpwwwsamakalcomtodays-print-editiontp-economicsarticle17091301 - - - -

অ

অ ও

অ ৮০০ ও ও

অ অ অ

২০১৩ ও

অ অ

অ ও অ

অ

ও -

অ

অ

ও ও

অ ও অ

Source httpwwwsamakalcomtodays-print-editiontp-economicsarticle17091302 - - - - -অ

ও ও ৩৪ অ ও ও

অ ( ) ও

৪৫ - ও

ও ও ও

ও ৬৬ ৩২ অ

৩২ ও অ ও ৩৪

অ অ ( ) ও ও

Daily News Flash 12th September 2017

30

ও অ

অ ও

ও ও ও

ও ও

ও ও

ও ও ও

২৬ অ অ

১১৭

ও ও ও ও ও

( )

অ ও - ( ১০০ ৫০ )

ও

ও

Source httpwwwsamakalcomtodays-print-editiontp-economicsarticle17091299ও - ও- - -৩৪-