Stocks soared yesterday as investors cheered the substantial cut in capital gains tax by the National Board of Revenue (NBR) to encourage big local and foreign investors.
Stocks in Bangladesh plummeted to a four-year low yesterday, just a day after the stock market regulator formed an inquiry committee to investigate the reasons behind the market’s sharp decline.
The benchmark index of the Dhaka Stock Exchange (DSE), the premier bourse in Bangladesh, rose 500 points in the past month after a change in the political landscape brought on by the ouster of the Awami League government.
Fatima Khatun, dressed in a washed-out kameez, came to Muslim Bazar in Mirpur 12 to shop with her four-year-old son on August 16.
Day labourers in Dhaka are among those who are suffering the most due to the ongoing unrest along with the curfew imposed by the government to stem the violence.
“I can’t get you to understand how I managed to pay for meals over the past four days,” a dejected labourer, Muzahid Hossain, said yesterday.
The number of users of the Dhaka Stock Exchange’s (DSE) mobile app has more than halved in the past four financial years, apparently due to a protracted bearish trend in the market.
For stock investors in Bangladesh, the just-concluded fiscal year was the worst in four years, with the benchmark index of Dhaka Stock Exchange losing over 1,000 points.
The number of internet users in the country registered moderate growth in March as people started to rely on various online platforms once again amid a second wave of the coronavirus pandemic.
Brisk business during the just concluded Eid shopping season helped traders breathe a sigh of relief amid the ongoing nationwide lockdown and other measures in place to curb the spread of Covid-19.
The finance ministry has asked ministries and divisions to take more austerity measures and ensure transparency during public procurement as the government has placed utmost priority in health, social safety net and economic management to tackle the coronavirus pandemic.
Private and commercial banks are trying to lure home-confined people with attractive offers and discounts ahead of Eid-ul-Fitr, the largest religious festival of the Muslims.Since Covid-19 hit the country, lenders have been engaged in e-commerce or related online activities.
Seasonal date traders in Dhaka have moderate sales of the most popular iftar item ahead of and during Ramadan as many city-dwellers left the capital because of the reinstatement of the strict coronavirus restrictions.
