Non-banks’ dividend capped at 30pc The central bank yesterday imposed a dividend cap of 30 per cent on non-bank financial institutions (NBFIs). Of the amount, the NBFIs will have to pay 15 per cent in the stock dividend, and the rest will be paid in the form of cash. On
Read MoreStocks fall as second-wave fear grips investors Stocks nosedived more than 3 per cent in the last two trading sessions as investors became worried following the sudden surge in Covid-19 infections and death tolls. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), dropped 84 points, or 1.56
Read MoreBB bats for sukuk investors The central bank has proposed the National Board of Revenue (NBR) to consider the profits earned by individual investors from their investment in the Islamic bond as tax-free income. The banking regulator has also suggested the NBR withdraw the 5 per cent source tax on
Read MoreBB to let banks, NBFIs pay higher dividends Bangladesh Bank is going to allow banks and non-bank financial institutions (NBFIs) to provide higher dividends to shareholders than what their respective ceilings were set at. Coming at a meeting with the Bangladesh Securities and Exchange Commission (BSEC) at the securities commission
Read MoreBB policy support for exporters extended Bangladesh Bank yesterday extended the deadline for export proceeds repatriation in its bid to help entrepreneurs withstand the fallout of the coronavirus pandemic that continues to keep shipments in the negative. Export receipts declined 1.45 per cent year-on-year to $25.86 billion in the July-February
Read More