Daily News Flash 12th December 2017

1

DSEX 778 Gold (Ounce) $124910 Dollar 8250 (Buy) 8250 (Sell) CSCX 875 Oil (Barrel) $5713 Euro 9705 (Buy) 9706 (Sell)

POST OFFICES TO OFFER DIGITAL WALLET SERVICE 2

ALAMGIR CHISTY BARRED FROM RAISING SHARES IN FARMERS BANK 2

DIGITISATION EFFORTS PAY OFF 3

DHAKA STOCKS CONTINUE LOSING STREAK 5

NO CLEAR BB GUIDELINE FOR NRB BANKS 5

GLOBAL GARMENT EXPORTS FALL WTO 6

BLOWING BUBBLES BOOM AND BUST FROM BULBS TO BITCOIN 7

RMG BAGS MOST OF TK 348B IMPORT-TAX WAIVER IN FY lsquo17 8

GOVT MULLS REVOLVING FUND OF TK 55B TO MEET EXPENSES 9

NET FOREIGN FUNDS IN STOCKS SURGE 72 PER CENT IN JAN-NOV 10

TOP 10 COS SNARE 27PC TURNOVER 11

LEGACY FOOTWEARS SHARE PRICE SOARS WITHOUT PSI 11

PAYRA PORT AUTHORITY BELGIAN FIRM FORM JOINT VENTURE 12

BANGLADESH SEES ONLY 050PC GROWTH IN ACCOUNTING BPO 13

USSD PRICE GUIDELINES AWAIT TELECOM MINISTRY NOD 13

WAGE BOARD FOR GARMENT WORKERS LIKELY THIS MONTH 14

NBR PLANS DEAL WITH TAX HAVEN COUNTRIES 15

TELECOM MINISTRY APPROVES 524 NEW ISP LICENCES 16

NRBC BANK NEW CHAIR BLAMES BB GUIDELINES 17

STOCKS FALL FOR 4TH DAY AS SELLERS OUTWEIGH BARGAIN HUNTERS 18

YOU CAN NOW GET 1KG ONION AND 1KG CHICKEN AT THE SAME PRICE 19

20

20

১৪৪ - 21

21

21

22

23

৩ 23

23

24

24

25

Daily News Flash 12th December 2017

2

26

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-২ 28

POST OFFICES TO OFFER DIGITAL WALLET SERVICE Bangladesh Post Office yesterday announced it would roll out a digital wallet service called ldquoDaak Takardquo within three months and allow people to open accounts at just Tk 2 The department aims to open three crore accounts by 2018 in a bid to help deepen financial inclusion Prime Ministers ICT Affairs Adviser Sajeeb Wazed Joy made the announcement at the posts and telecommunications division An account was also opened for one Marzina Begum a domestic worker from Tangail Daak Taka users will be able to deposit and withdraw cash transfer funds and make payments all using either a mobile phone or a ldquopostal cash cardrdquo said the developer D Money Bangladesh The software service provider which will also provide necessary technical support said transactions with financial entities would also be possible changing the whole scenario for common people Joy said services provided by the government were being digitised so that everything can be availed online and through mobiles in effect simplifying peoples lives But this will not be a reality until financial services are digitised he added ldquoBank branches do not exist in every village and union so how can digitised cash reach people We have a plan to utilise post offices where people can go for digital transactionsrdquo said Joy There are over 8500 post offices across the country They exist even in the remotest corners Tarana Halim state minister for posts and telecommunications said services at the post offices would go digital by 2021 D-Money Vice Chairman Sonia Bashir Kabir said every available platform would be offered for transactions as their main target was to create a cashless society ldquoOur target is to boost financial inclusion and within one year we want to change the face of mobile financial services in the countryrdquo she said Transaction charges will be nominal less than what the market currently offers and the post office will get a huge share of the earnings said the developers A top postal official said they did not require any licence from any authority as they were not under the central bank Posts and Telecommunications Division Secretary Shyam Sundar Sikder and D-Money Chairman Anjan Chowdhury also spoke on the occasion Source httpwwwthedailystarnetbusinesspost-offices-offer-digital-wallet-service-1503727

ALAMGIR CHISTY BARRED FROM RAISING SHARES IN FARMERS BANK Bangladesh Bank has shot down requests from former Farmers Bank Chairman Muhiuddin Khan Alamgir and Audit Committee Chairman Md Mahabubul Haque Chisty to increase their shares in the bank as it looks to steady the beleaguered institution Alamgir has sought to purchase 1 crore shares and Chisty 50 lakh as per the letter from Farmers Bank to BB on November 20 The face value of each share is Tk 10 Both of them resigned from the bank board on November 27 after the BB asked them to step down over their alleged involvement in financial scams that led to the banks current precarious position Alamgir and Chisty hold 585 percent and 498 percent of the banks shares respectively

Daily News Flash 12th December 2017

2

26

26

27

-২ 28

POST OFFICES TO OFFER DIGITAL WALLET SERVICE Bangladesh Post Office yesterday announced it would roll out a digital wallet service called ldquoDaak Takardquo within three months and allow people to open accounts at just Tk 2 The department aims to open three crore accounts by 2018 in a bid to help deepen financial inclusion Prime Ministers ICT Affairs Adviser Sajeeb Wazed Joy made the announcement at the posts and telecommunications division An account was also opened for one Marzina Begum a domestic worker from Tangail Daak Taka users will be able to deposit and withdraw cash transfer funds and make payments all using either a mobile phone or a ldquopostal cash cardrdquo said the developer D Money Bangladesh The software service provider which will also provide necessary technical support said transactions with financial entities would also be possible changing the whole scenario for common people Joy said services provided by the government were being digitised so that everything can be availed online and through mobiles in effect simplifying peoples lives But this will not be a reality until financial services are digitised he added ldquoBank branches do not exist in every village and union so how can digitised cash reach people We have a plan to utilise post offices where people can go for digital transactionsrdquo said Joy There are over 8500 post offices across the country They exist even in the remotest corners Tarana Halim state minister for posts and telecommunications said services at the post offices would go digital by 2021 D-Money Vice Chairman Sonia Bashir Kabir said every available platform would be offered for transactions as their main target was to create a cashless society ldquoOur target is to boost financial inclusion and within one year we want to change the face of mobile financial services in the countryrdquo she said Transaction charges will be nominal less than what the market currently offers and the post office will get a huge share of the earnings said the developers A top postal official said they did not require any licence from any authority as they were not under the central bank Posts and Telecommunications Division Secretary Shyam Sundar Sikder and D-Money Chairman Anjan Chowdhury also spoke on the occasion Source httpwwwthedailystarnetbusinesspost-offices-offer-digital-wallet-service-1503727

ALAMGIR CHISTY BARRED FROM RAISING SHARES IN FARMERS BANK Bangladesh Bank has shot down requests from former Farmers Bank Chairman Muhiuddin Khan Alamgir and Audit Committee Chairman Md Mahabubul Haque Chisty to increase their shares in the bank as it looks to steady the beleaguered institution Alamgir has sought to purchase 1 crore shares and Chisty 50 lakh as per the letter from Farmers Bank to BB on November 20 The face value of each share is Tk 10 Both of them resigned from the bank board on November 27 after the BB asked them to step down over their alleged involvement in financial scams that led to the banks current precarious position Alamgir and Chisty hold 585 percent and 498 percent of the banks shares respectively

Daily News Flash 12th December 2017

3

An individual must take prior permission from the central bank if heshe wants to hold more than 5 percent of a banks shares as per the Banking Company Act 1991 Besides no one can hold more than 10 percent shares of a bank Farmers Bank had arranged a special board meeting in the second week of November where it was decided that the two former directors holdings would be increased according to the Farmers Bank letter Nayeem Chowdhury and Abu Alam two shareholders of the bank both agreed to sell 50 lakh of their shares to Alamgir an Awami League lawmaker and former home minister He is also chairman of the parliamentary standing committee on public accounts Chowdhury also gave the consent to sell another 50 lakh of his shares in Farmers Bank to Chisty But on December 4 the central bank rejected the proposal on the grounds that the move would further wring out depositors confidence in the bank said a BB high official Meanwhile the cash-strapped bank on Sunday got the permission from Bangladesh Securities and Exchange Commission to raise Tk 500 crore by issuing non-convertible subordinated bond under the Basel III framework A subordinated bond is a debt which ranks after other debts if a company falls into liquidation or bankruptcy Because subordinated debts are only repayable after other debts have been paid they are more risky for the lender of the money The bank has been trying over the last two months to issue the bond with the view to mitigating its ongoing acute liquidity crunch Farmers Bank will have to follow 15 conditions when raising the capital It will have to issue the subordinated bond within one year of getting the approval from the BSEC otherwise the permission will be cancelled Accordingly the bank wrote to the BB yesterday to get the no-objection certificate for issuing the bond As of September the banks non-performing loans stood at Tk 37768 crore up Tk 100 crore from a year earlier The NPLs now account for 745 percent of the banks total outstanding loans Between September and November 2015 the BB conducted special inspections at three branches of Farmers Bank -- Gulshan Motijheel and Shyampur -- and found gross violation of banking rules in disbursing loans of about Tk 400 crore Some of the directors of the bank were allegedly involved in sanctioning the loans by violating credit rules Last year the central bank appointed an observer to the bank to help it restore corporate governance but the initiative went in vain The central bank finally intervened on November 27 instructing a full restructuring of the banks board Source httpwwwthedailystarnetbusinessalamgir-chisty-barred-raising-shares-farmers-bank-1503718

DIGITISATION EFFORTS PAY OFF A few clicks from ones smartphone can now get many things from education materials to entertainment products to house help medical service to rides and so on And Bangladesh too has been embracing this transformation wholeheartedly after the Awami League came to power On this day nine years ago the party unveiled it as a major component of its manifesto in the

Daily News Flash 12th December 2017

4

lead up to the ninth general election December 12 has since been declared the National ICT Day The country has achieved huge success in that time and the process will be faster in the coming years said Mustafa Jabbar president of the Bangladesh Association of Software and Information Services ldquoWe cannot measure the success with numbers as there was almost nothing at that timerdquo he said adding that the countrys ICT and telecom product market size is now worth about $6 billion a year Export earnings from ICT is about $1 billion and the local market size is worth more than $2 billion while the telecom operators collective revenue stands at upwards of $3 billion ldquoThese numbers were almost zero in 2009 The telecom operators only had voice and SMS servicerdquo he added Bangladesh has achieved 50 percent digitisation thus far according to Zunaid Ahmed Palak state minister for ICT ldquo40 percent of the government services have now been digitised But we are not satisfied with that as our target is to bring 90 percent of the services onlinerdquo Palak told The Daily Star recently People can now get most services using the internet and the process will be faster once 4G service rolls out he said Over the last few years the transformation process has been moving very fast and every year more than one crore internet connections are added At the end of October the total number of internet users stood at 798 crore according to the Bangladesh Telecommunication Regulatory Commission In 2008 export earnings from ICT amounted to only $26 million Palak said ldquoBillion dollars is now a reality Only the governments policy support has helped the industry to move forwardrdquo he said adding that the next target is to hit the $5 billion-mark by 2021 Through the digitisation process Bangladesh will join the fourth industrial revolution he added One of the outcomes of the journey is the mobile financial service At present there are about six crore active accounts and the transaction value each day is about Tk 921 crore as of October In the past three to four years the e-commerce business has also flourished as well as mobile application and gaming industry Not only that some local companies are also running different development projects like the Internet of Things for different countries The government also took the initiative to assemble digital equipment like mobile handsets and laptops locally and developed 28 hi-tech parks across the country However a chief executive of a top software company criticised the governments tendency to entrust foreign companies with projects even though local companies are sufficiently capable The government is also not decisive enough on technology adoption like mobile number portability which will be available in a few months time whereas all the neighbouring countries got it 7-10 years ago Some international organisations periodical reports also painted a different picture at times According to International Telecommunication Unions ICT index Bangladeshs position is 147 out of the 176 Another ITU report published last year said Bangladesh has the lowest internet penetration in South Asia with just 1440 percent of the population having connectivity to the internet TIM Nurul Kabir secretary general of the Association of Mobile Telecom Operators of Bangladesh however played down the accuracy of the reports ldquoThough there are some problems in the regulatory framework the government did a tremendous job overall with regards to digitisationrdquo Source httpwwwthedailystarnetbusinessdigitisation-efforts-pay-1503712

Daily News Flash 12th December 2017

5

DHAKA STOCKS CONTINUE LOSING STREAK The Dhaka bourse continued its losing streak for the fourth session in a row yesterday due to a downturn in bank and non-bank financial institutions shares The benchmark indexmdashDSEXmdashfell 012 percent or 778 points to 619665 although the daily market turnover increased 1349 percent to Tk 491 crore compared to the previous day Banking stocks remained subdued due to a selling pressure to book profit a senior executive of a merchant bank said ldquoIt is a common practice among banks to realise gain at the yearend and show profit on their balance sheets he said ldquoThe session started on a bullish note and witnessed a fall amid correction in heavyweight sectors like telecomrdquo UCB Capital Management said in its daily market analysis Banking equities led the turnover by contributing 1601 percent to the total turnover Among the major sectors banks posted gain of 041 percent while telecom witnessed losses of 044 percent Grameenphone was the highest traded share with a turnover of Tk 1896 crore followed by Doreen Power with Tk 1841 crore Meanwhile Aramit Cement and Legacy Footwear were asked by the DSE about the unusual price hike of their shares Legacy Footwear has seen a 2762 percent price hike in the last one week and each share of the company traded at Tk 6180 yesterday ldquoWe have no information as to what has caused the upward trendrdquo the company said For maintenance Legacy Footwear suspended its production till January 10 2018 Therefore the company requested the shareholders to consider the actual situation before making any investment The paid-up capital of the company is Tk 1137 crore now Each share of Aramit Cement lost Tk 140 or 427 percent yesterday to close at Tk 3140 after gaining Tk 480 or 1714 percent in consecutive four sessions Aramit said there was no undisclosed price sensitive information behind the recent unusual price hike The paid-up capital of the company now stands at Tk 3388 crore Source httpwwwthedailystarnetbusinessdhaka-stocks-continue-losing-streak-1503706

NO CLEAR BB GUIDELINE FOR NRB BANKS Newly elected NRB Commercial Bank Chairman Tamal SM Parvez yesterday said Bangladesh Bank does not have ldquoany clear guidelinerdquo on NRB banks and how they can mobilise capital from expatriate Bangladeshis Parvez who replaced Farasath Ali of the troubled bank on Sunday told this to reporters after separate meetings with BB deputy governors at the central bank BB Governor Fazle Kabir is currently abroad Newly elected Vice Chairman Mohammad Shahid Islam and risk management committee Chairman Adnan Imam were also present ldquoThere is now no difference between the NRB banks and other private commercial banks due to the lack of central bank guidelinesrdquo Parvez said

Daily News Flash 12th December 2017

6

Whatever is available does not give any clear indication on ways expatriate Bangladeshis will be able to invest their funds in an NRB bank he said On alleged anonymous shares in NRBC Bank he said ldquoWe will not allow any anonymous share in the bank or an outsider in our board meetingrdquo he said NRBC Bank on Sunday restructured its board of directors and elected new faces to key positions The development came after BB last week advised the four-year-old bank to reform its board on its own accord In November last year the central bank found 10 counts of wrongdoings by the NRBC board including violation of credit norms to sanction loans amounting to over Tk 700 crore and outsiders being often allowed to attend meetings The BB found former Mercantile Bank chairman Shahidul Ahsan while holding office had drawn benefits from nearly Tk 44 crore-worth shares held by two sponsor-directors in NRBC which is a breach of the banking company act ldquoAhsan is the actual beneficiary of the shares held by two NRBC directors -- Kamrun Nahar Sakhi and ABM Abdul Mannanrdquo said the BB report adding that it meant the shares were forfeitable Ahsan represented Sakhi who lives in Canada in an annual general meeting of NRBC He also attended several meetings of the banks board and the executive committee breaching the rules The new board will introduce new credit and deposit products for NRBs said Parvez The board will work tirelessly to bring back depositors confidence and follow central bank directives to restore corporate governance he said Source httpwwwthedailystarnetbusinessno-clear-bb-guideline-nrb-banks-1503703

GLOBAL GARMENT EXPORTS FALL WTO Shipment of both textile and garment items by top 10 exporting countries fell in 2016 due to fading demand according to data from the World Trade Organisation The current dollar value of world textiles and apparel exports by top 10 countries totalled $246 billion and $384 billion respectively in 2016 decreasing by $22 billion and $3 billion respectively from the previous year China remained the top exporter of textiles in 2016 with a 37 percent share in global exports even though its shipment declined 3 percent the UK-based Innovation in Textiles reported citing data from the WTO The next biggest exporters were the EU a bloc of 28-nations with a 23 percent share growing by 1 percent in 2016 and India with a 6 percent share a decline of 6 percent Pakistan rose from ninth to seventh position while Vietnam entering the top 10 list for the first time with a 2 percent share an increase of 9 percent More than half of the top 10 textiles exporters recorded a decline in the value of their exports with the highest decline of 13 percent experienced by Hong Kong followed by Taiwan by 8 percent South Korea by 6 percent the US 5 percent and China by 3 percent The top 10 exporters of clothing in 2016 remained unchanged However Hong Kong (China) fell from fifth to sixth position and India did the reverse rising to the fifth place Chinas exports of clothing fell by 7 percent but it still stayed in the top position representing 36 percent in value of world exports of clothing in 2016 EUs exports of clothing increased by 4 percent in 2016 holding a market share of 26 percent The highest increases were recorded by Cambodia and Bangladesh at 6 percent for both countries Exports of China and the US fell the most by 7 percent and 6 percent respectively Measured in value the EU the US and China were the top three importers of textiles in 2016 accounting for 379 percent of world textile imports The three were followed by Vietnam Japan Hong Kong (China) Bangladesh Mexico Turkey and Indonesia

Daily News Flash 12th December 2017

7

The EU the US and Japan were the top three importers of apparel in 2016 altogether accounting for 63 percent of world apparel imports in 2016 Notably Chinas apparel imports have been experiencing an annual growth of 17 percent much higher than most other countries followed by South Korea at an annual growth of 12 percent and Australia at 5 percent Innovation in Textiles said Source httpwwwthedailystarnetbusinessglobal-garment-exports-fall-wto-1503700

BLOWING BUBBLES BOOM AND BUST FROM BULBS TO BITCOIN Virtual currency Bitcoin -- or digital gold to its fans -- has enjoyed a gravity-defying rise along with wild price swings sparking fears it could be the latest financial market bubble Bitcoin was worth just a few US cents when it began life in 2009 and last week changed hands for a staggering $17000 despite having no central bank backing and no legal exchange rate Here are some of the most wild speculative bubbles in history -- ranging from tulips to teddy bears At the beginning of the 17th century exotic tulips became the ultimate luxury accessory and status symbol for rich and poor alike People mortgaged houses and sold businesses just to buy a bulb At one point a single tulip bulb fetched up to $150000 at todays prices With prices rising to more than 100 times the average annual income bulbs were being traded for land livestock and houses -- a rare bulb was even considered an acceptable dowry for a bride During what is commonly viewed as the first speculative bubble rumours were deliberately spread to influence prices and there were reports of skullduggery such as training animals to dig up tulip fields The bubble burst in 1637 after a disappointing turn-out to a tulip auction in Haarlem Prices plunged banks failed and people lost their life savings -- all for a pretty flower In the mid-1980s the Japanese economy ruled the world Its high-quality technologically advanced products dominated export markets and everything seemed to be made in Japan Fuelled by this success -- and ultra-loose monetary policy -- Japans Nikkei index tripled between 1985 and 1989 and Japanese firms were worth nearly half of the entire worlds corporate sector With all this money sloshing around and credit cheap and easy to obtain speculators piled into real estate and prices exploded At the height of the boom it was said the Imperial Palace in central Tokyo was worth the same as the whole of California Government policies aimed at deflating the bubble ended up pricking it violently The stock market plummeted and house prices went through the floor ruining millions The bust ushered in what economists called a lost decade of economic stagnation and deflation the effects of which are still being felt today The internet and tech boom of the late 1990s resulted in some dotcom companies being valued at billions of dollars despite not having made a cent in profits Young internet tycoons became millionaires overnight as investors piled into any company with a dotcom domain name in the belief the web had upended the rules of business At the height of the boom came the AOL-Time Warner merger at the time the biggest in corporate history The boom prompted then Federal Reserve Chairman Alan Greenspan to warn about irrational exuberance in asset prices widely seen as a warning about the dotcom bubble Funding dried up as it became clear many internet companies held wildly inflated valuation based on pie-in-the-sky profit forecasts Thousands of internet companies bit the dust and investors lost trillions of dollars as the tech-heavy NASDAQ market spiralled downwards The subprime boom-and-bust of the late 2000s was based on extremely complex financial instruments that sliced and diced risky mortgage assets and bundled them together

Daily News Flash 12th December 2017

8

Banks and mortgage lenders offered credit to uncreditworthy homeowners in the belief that by packaging these loans together the risks could be reduced The financial wizardry fuelled a housing market boom as speculators snapped up houses they never intended to live in to build up their collateralised portfolio The bust came when investors realised that the flip-side of packaging risk together was that they could not tell where the bad loans were lurking The subprime-fuelled housing boom turned to bust and prices plunged with millions of families losing their homes The stock market crashed unemployment ballooned and the US banking system buckled to the point of implosion with Lehman Brothers collapsing in 2008 Source httpwwwthedailystarnetbusinessblowing-bubbles-boom-and-bust-bulbs-bitcoin-1503631

RMG BAGS MOST OF TK 348B IMPORT-TAX WAIVER IN FY lsquo17 Countrys export industries enjoyed import-tax benefit worth Tk 348 billion through special bonded warehouse (SBW) facility alone last fiscal year and RMG took almost all Such a finding came in a study conducted by the Policy Research Institute (PRI) which also stated that the tax exemptions accounted for 7718 per cent of the aggregate customs-revenue collection in the past fiscal year (FY 2016-17) The readymade garment and knitwear sector enjoyed the lions share of the tax-exemption perks as they took Tk 336 billion or 7437 per cent of the years customs-revenue receipts for the exchequer The National Board of Revenue (NBR) offered the tax waiver for duty-free import of raw materials so that the exporters could import inputs at world prices Dr Zaidi Sattar chairman of PRI presented facts in a study paper on Export Competitiveness and Diversification with SBW recently before experts policymakers and exporters The study showed that a large volume of tax waivers through SBW helped boost countrys export earnings amounting to US$35 billion in the FY 2016-17 The RMG-knitwear twin enjoyed tax exemption worth Tk 336 billion out of their total import value of Tk 477 billion The apparel exporters enjoy bonded-warehouse facility under the Customs Act 1969 for duty-free import of fabrics yarn and other accessories on condition of exporting finished goods made from those imports The policy researchers noted that the SBW could contribute to diversifying export basket if expanded for non-RMG sectors too RMG sector makes up 82 per cent of the export basket that was $28 billion out of total export earnings worth $35 billion it said Non-RMG exports are in a disadvantageous position compared to the apparel sector the PRI added Based on IMF short-run export-supply elasticity the PRI found SBW as 50 per cent subsidy equivalent that gives 1075 per cent export boost In 2013-to-2017 period non-RMG exports ranged between $50 billion and $70 billion The study found effective SBW could have boosted non-RMG exports by approximately $15 billion a year Responding to FE queries Dr Zaidi Sattar said SBW is a mechanism to provide duty-free (ie world-priced) inputs to exporters with a view to enhancing export trade Our estimates show that total duty exemption through SBW system was an amount equal to 77 per cent of total customs revenue The more we export under this system the greater will be the exemption he said To compete on the global market in a level playing field Bangladeshi exporters need to be ensured imported inputs at world prices he said

Daily News Flash 12th December 2017

9

Given our tariff regime there would be little or no RMG exports without SBW Same is true for non-RMG exports most of which -- according to our surveys -- do not have access to SBW to the same extent as RMG Hence as non-RMG exports are inhibited export diversification is not happening he said PRI and leading exporters now strongly feel that SBW should be extended to all exports without discrimination he added He suggested modernisation and automation of the SBW in this regard Talking to the FE a senior customs official said the bond commissionerate of the NBR offers the duty-free facility after physical inspection of the factories There are some policy contradictions between government agencies that discourage non-RMG exporters from applying for the bond licence Frozen foods processed foods and some other industries faced with problem in importing duty-free raw materials under SBW he added The official however admitted that the customs officials make cautious move in offering the duty-free benefit due to several incidents of abuse of bond licence In case of abuse of the bond facility the customs officials concerned will be liable for the loss of revenue to the public exchequer he said Source httptodaythefinancialexpresscombdfirst-pagermg-bags-most-of-tk-348b-import-tax-waiver-in-fy-17-1513014617

GOVT MULLS REVOLVING FUND OF TK 55B TO MEET EXPENSES The government is contemplating to provide state-run Petrobangla with an initial revolving fund of Tk 5482 billion to facilitate importing LNG (Liquefied Natural Gas) for meeting the countrys growing demand for energy Officials said the Energy and Mineral Resources Division (EMRD) already requested the finance ministry to arrange the fund for financing the initial small-scale imports of the fuel Recently we sought a revolving fund from the finance division for purchasing LNG and completing other related works deputy secretary of the EMRD Zanendra Nath Sarker told the FE The finance ministry was working on fund requisition by the EMRD said an official who deals with the issue on Wednesday The government decided to import LNG due to the present short-supply of natural gas the reserve of which is depleting fast The country is currently facing a natural gas shortage of around 600 mmcfd with output of around 2700 mmcfd against a demand for over 3300 mmcfd according to Petrobangla The government meanwhile completed preparatory activities to import the LNG including signing of one sales and purchase agreement (SPA) and memorandum of understanding with few other foreign companies they said The contract documents like that of LNG import price were at the final stage As per the negotiations done so far the companies would supply LNG after re-gasification a high official of the EMRD said More or less 200 mmcf of LNG will be imported daily through using three separate jetties of Chittagong Urea Fertiliser Factory Karnaphuli Fertiliser Company Limited (KAFCO) and Sangu according to the Petrobangla Around 600 mmcf LNG will be imported through the three channels Officials were expecting that it would be possible to supply the imported LNG after re-gasification to national grid from September next It is however often claimed by state minister for energy Nasrul Hamid that the LNG import would start from April next Excelerate Energy Bangladesh limited (EEBL) has set a target to import 500 mmcf gases daily from April 2018 and Summit LNG terminal co (Pvt) has also set a target to import same amount of gases everyday from October 2018

Daily News Flash 12th December 2017

10

The imported LNG will be supplied to the important industries and other organisations of Dhaka and Chittagong areas on priority basis The process has already been finalised a senior official of the EMRD said According to an EMRD document obtained by the FE some Tk 11842 billion would be required to prepare the LNG import facilities -- construction of Floating Storage and Re-gasification Unit (FSRU) by the EEBL and Summit LNG import terminal operation customer letter of credit (SBLC) and latent heat capture system import of LNG through the jetties of Chittagong Urea Fertiliser Factory Karnaphuli Fertiliser Company Limited (KAFCO) and Sangu and other operations Of the amount some Tk 6360 billion would be met from the Energy Security Fund and the rest Tk 5482 billion would have to be met from the national exchequer Currently nearly Tk 20 billion is being deposited to the Energy Security Fund per month Bangladesh Energy Regulatory Commission (BERC) has already approved in principle to mobilise Tk 6922 billion from the Energy Security Fund for SBLC latent heat capture system and revolving fund for importing LNG and relevant operations according to the document To facilitate long-term imports Petrobangla signed the first-ever sales and purchase agreement (SPA) with Qatars RasGas on September 25 to import 25 million tonnes per year of lean LNG for 15 years It is eyeing to sign more SPAs soon as the country is in negotiations with four other potential LNG suppliers Necessary MOUs with the suppliers have already been signed in this regard Meanwhile the countrys first LNG import terminal a 375 million tonne per year floating storage re-gasification unit (FSRU) being developed by US-based Excelerate Energy is expected to be commissioned in April 2018 and its second also with a capacity of 375 million tonne per year is being developed by Summit Group and is expected to be commissioned by end-2018 Source httptodaythefinancialexpresscombdfirst-pagegovt-mulls-revolving-fund-of-tk-55b-to-meet-expenses-1513014725

NET FOREIGN FUNDS IN STOCKS SURGE 72 PER CENT IN JAN-NOV Net foreign investment in the Dhaka bourse rose 72 per cent year-on-year in the first 11 months of 2017 as overseas investors poured more funds into stocks anticipating positive market scenario Market operators said positive macroeconomic indicators and a steady political scenario boosted the foreign investors confidence to put fresh stakes on Bangladeshs stocks Overseas investors bought shares of Tk 5982 billion and sold shares worth Tk 4340 billion to take their net investment for the January-November period to Tk 1642 billion according to data from Dhaka Stock Exchange (DSE) A year earlier the net investment by foreigners was Tk 955 billion for the same period the DSE data shows A DSE senior executive said many foreign individuals and institutions are now showing interest to put their money in Bangladeshs capital market as the demutualisation of bourses encouraged them He noted that the governments continuous efforts to strengthen the stock market have made the country a popular destination for foreign investors The sustained revival of the foreign interest was backed by rising corporate profitability positive macroeconomic indicators coupled with a stable political scenario said a local stockbroker who deals with foreign investors The month-on-month portfolio investment at DSE also rose in November As they bought shares worth Tk 636 billion and sold shares of Tk 617 billion to take their net investment to Tk 190 million in November the DSE data shows Net investment by foreigners in October 2017 was negative Tk 151 billion Between January 1 and November 30 of 2017 DSEX the prime index of the DSE also added more than 1270 points or 25 per cent to reach at 6306 on November 30

Daily News Flash 12th December 2017

11

Also known as portfolio investment foreign investment accounts for only 10 per cent of the premier bourses total market capitalisation which stood at Tk 4207 billion at the close of trade on Monday Banks are the foreign investors preferred sector but non-bank financial institutions power and energy pharmaceuticals multinationals telecoms and IT also caught their attention Foreign investors include global investment banks like Morgan Stanley JPMorgan Goldman Sachs and asset management firms like BlackRock Net foreign investment in 2016 was Tk 1341 billion jumping seven-fold compared to 2015 according to DSE data Source httptodaythefinancialexpresscombdstock-corporatenet-foreign-funds-in-stocks-surge-72-per-cent-in-jan-nov-1513012875

TOP 10 COS SNARE 27PC TURNOVER The largest market cap listed company - Grameenphone (GP) dominated the Dhaka bourses transaction chart Monday while top 10 traded companies accounted for 27 per cent of the total turnover Brokers said investors were active on GPs share almost throughout the trading session amid optimism When the market went through a correction phase some investors took position on fundamentally sound stocks like GP to safeguard their investment said an analyst at a leading brokerage firm According to statistics available with the DSE about 400261 shares of GP were traded generating a turnover of nearly Tk 190 million which was 396 per cent of the premier bourses total transaction The leading mobile operators share price hovered between Tk 47210 and Tk 47570 before closing at Tk 47290 each shedding 042 per cent over the previous session Recently the board of directors of GP has recommended interim cash dividend for the year 2017 at the rate of 105 per cent of the paid up capital of the company which represents 98 per cent of the profit after tax for the half year ended on June 30 2017 The company also posted a 795 per cent growth in earning per share (EPS) in third quarter (Q3) for July-September 2017 period EPS was 516 in for July-September 2017 as against Tk 478 for July-September 2016 In nine months for January-September 2017 EPS was Tk 1588 as against Tk 1270 for January-September 2016 Meanwhile the top ten traded companies accounted for more than 27 per cent of the days total turnover transaction on the DSE Doreen Power followed next with shares of Tk 184 million changing hands The power generation companys share price closed at Tk 12020 surging 470 per cent It was also the days second highest gainer Baraka Power notched the third spot with shares of Tk 156 million changing hands The companys share price rose 106 per cent to close at Tk 38 each Source httptodaythefinancialexpresscombdstock-corporatetop-10-cos-snare-27pc-turnover-1513012819

LEGACY FOOTWEARS SHARE PRICE SOARS WITHOUT PSI Legacy Footwear Monday informed the Dhaka Stock Exchange (DSE) that there was no undisclosed price sensitive information (PSI) of the company for recent unusual price hike of shares Within the five trading sessions the companys share price soared more than 27 per cent or Tk 1340 each to close at Tk 6190 on Monday Following the recent abnormal price hike the DSE served show-cause notice on the company

Daily News Flash 12th December 2017

12

We have no undisclosed material decisioninformation relating to our companys operationprofitability that might have impact on trade of the shares the company said in a disclosure posted on Dhaka bourses website Monday The company also informed that it has no information which would cause upward trend of the companys trading volume of shares increased considerably in recent period especially on Sunday Furthermore we would like to add that the production of the company remained suspended due to maintenance till 10th January 2018 Therefore they request the shareholders to assess actual situation before they make any investment the disclosure said The companys production remained suspended since November 6 2017 due to repairing of factories and maintenance of machinery and other civil works Recently the company has extended more than one month time to complete the remaining unfinished work to resume production till January 10 Source httptodaythefinancialexpresscombdstock-corporatelegacy-footwears-share-price-soars-without-psi-1513012846

PAYRA PORT AUTHORITY BELGIAN FIRM FORM JOINT VENTURE The Payra Port Authority (PPA) and a Belgian firm signed on Monday an agreement to form a joint venture company for carrying out capital and maintenance dredging of the main channel of Payra seaport Commodore Jahangir Alam chairman of PPA and Jan Piter De Nul managing director of Jan De Nul signed the agreement at a city hotel on behalf of their respective sides Initially the company will invest 53243 million euro equivalent to over Tk 50 billion for carrying out capital dredging of the seaport As per the agreement the dredging work will start in March 2018 and continue until March 2020 After completion of dredging heavy draught vessels will be able to enter Payra port easily Such kind of vessels cannot even enter the Chittagong or Mongla ports The PPA which is under the ministry of shipping will hold 51 per cent stake in of the newly formed company while Jan De Nul will have 49 per cent share Of the total amount of investment for dredging of the seaport the Belgian company will provide 80 per cent at an interest of 085 per cent The rest of the amount will come through equity Payment of interest will start from 2022 and will continue for 12 years a high official of the PPA told the FE Capital dredging of the Rabnabad channel has an enormous significance both for the national economy and the sub-regional economy of South Asia according to sector insiders Shipping Minister Shajahan Khan who was present as the chief at the signing ceremony said signing of an agreement between PPA and Jan De Nul for capital dredging of Rabnabad channel is a historic and remarkable step for the development of Payra seaport He said Payra port will have new automated container multipurpose coal oil and LNG terminals Payra port will lead to the development of a new economic corridor within the country All these development activities will increase the economic opportunity directly and indirectly for millions of families he said Chief coordinator of Sustainable Development Goals (SDGs) of the Prime Ministers Office (PMO) Abul Kalam Azad said Bangladesh is a vast place for investment He said 19 developing projects are going on at Payra port Source httptodaythefinancialexpresscombdtrade-marketpayra-port-authority-belgian-firm-form-joint-venture-1513013753

Daily News Flash 12th December 2017

13

BANGLADESH SEES ONLY 050PC GROWTH IN ACCOUNTING BPO Bangladesh has earned only $300 million so far and a mere 050 per cent growth in the Accounting BPO sector could lead Bangladesh to earn 220 million dollars more by 2020 where the overall market size of accounting BPO is expected to be US $220 billion experts said Experts expressed their views at the seminar titledmdash Financial and Accounting Outsourcing (FAO)mdashorganised at the Digital World 2017 accounting experts said at a seminar Managing Partner of A and M Partners Syed Asif Aziz said the FAO services could be cost-effective for any financial institutions if they want their non-core services to be outsourced He also said ldquoEvery year a number of Small and Medium Enterprises (SMEs) have shut down their businesses due to lack of knowledge in proper accounting methods There is an ample opportunity if we could bring the entire SME business under FAOrdquo Speaking at the programme chief financial officer (CFO) of Sonali Bank Ltd Subhash Chandra Das said has there is a huge opportunity to earn foreign currency in this sector ldquoBut we need to fix two things mdash our attitude and wersquove to realise the importance of FAO servicesrdquo he added Das has also mentioned that the lack of investment proper design of business model and skilled human resources are the major obstacles The FAO is available in three services In the first phase there are three things such as electronic Know Your Customer (eKYC) customer base and database management Das added The second phase comprises tax management services legal management and audit he said ldquoIn the third phase we need three things to outsource such as feasibility reports three years audited reports and loan managementrdquo he said Proper policy support and ethical behaviour are the biggest challenges in this sector he said Mobile Financial Services (MFS) is another important FAO services which can be outsourced through FAO services Das said Managing director and CEO of Mutual Trust Banks Ltd Anis A Khan has said all derivative services of a bank have been outsourced and only inspection cost is needed to monitor and run that credit Another part that can be outsourced is the digital banking services and digitisation of trade services he said President of Bangladesh Association of Call Centre and Outsourcing (BACCO) has said the telecom sector has already outsourced their non-core functions ldquoNow itrsquos time for financial institutions to outsource their non-core functionsrdquo he said Source httpwwwtheindependentbdcomprintversiondetails127711

USSD PRICE GUIDELINES AWAIT TELECOM MINISTRY NOD The Posts and Telecommunications Division is yet to approve the pricing guidelines for USSD (Unstructured Supplementary Service Data) in respect of mobile financial services (MFS) even though the advisor for information and communication technology (ICT) to Prime Minister Sheikh Hasina instructed the ministry to issue such an approval nearly two months ago The telecom regulator sent the proposed guidelines (a set of directives) to the ministry concerned for approval more than a month ago At a meeting held on October 19 the PMrsquos ICT advisor Sajeeb Ahmed Wazed instructed the ministry to approve the USSD pricing policy When asked about the reasons for the delay a senior official of the Posts and Telecommunications Division said ldquoWe told the BTRC that only the division would be able to approve and finalise the new pricing policy if it is found that the new policy will not put extra pressure on the subscribersrdquo The chairman of the Bangladesh Telecommunication Regulatory Commission (BTRC) Dr Shahjahan Mahmood however said ldquoWe have sent our proposal to the Posts and Telecommunications

Daily News Flash 12th December 2017

14

Division The division will now decide on it We can only ensure that the new pricing policy does not exert any extra pressure on the subscribersrdquo According to the proposed directive the duration of a USSD session is 90 seconds and the charges will be Tk 085 for MFS along with two free short messages A USSD session is completed through a set of code numbers that are pressed on a mobile phone to initiate a transaction The USSD is a global system for mobile communication technology that is used to send text messages between a mobile phone and an application programme in the network The MFS providers have claimed that if the new pricing regime is indeed established it would impact the end-users negatively However according to the BTRC directive ldquoThe directive will be applied to the relevant industry without affecting the subscribers The subscriber in any case will not pay any additional amount for the implementation of this directive MFS operators and mobile network operators will ensure this through mutual agreements between themselvesrdquo The mobile financial service providers currently share seven per cent revenues with the mobile operators since the MFS providers use mobile network operatorsrsquo (MNOsrsquo) networks However in such cases session-based USSD charges are the standard Earlier the BTRC prepared the USSD pricing policy after consultations with the finance ministry the Telecom Division Bangladesh Bank mobile financial service providers and Association of Mobile Operators of Bangladesh (AMTOB) According to the committeersquos report since there is currently no particular tariff and set of directives on USSD services healthy competition in the market has been disrupted The BTRC has proposed that the USSD session charges be fixed at Tk 085 per session along with two free SMS taking into account the policies of other countries like South Africa (Tk 360) Nigeria (Tk 080) Kenya (Tk 317) India (Tk 065) and Thailand (Tk 3) Source httpwwwtheindependentbdcomprintversiondetails127706

WAGE BOARD FOR GARMENT WORKERS LIKELY THIS MONTH The wages board for reviewing wages of countryrsquos readymade garment workers is likely to be formed by this month as the labour ministry asked directorate of labour to finalise the names of the representatives of factory owners and workers for the board lsquoWe are in the process to form the wage board to review the wages of RMG workers and hopefully the board will be formed by this monthrsquo state minister for labour Md Mujibul Haque told New Age on Monday After getting the names of the representatives of factory owners and workers from the directorate of labour the ministry would issue gazette notification appointing them as members of the wage board The labour ministry recently asked the directorate of labour to finalise the names of the representatives of RMG factory owners and workers for the wage board lsquoWe have already sent letters to Bangladesh Employers Federation and Bangladesh Jatiya Sramik League seeking the name of the factory ownersrsquo and workersrsquo representatives to the wage boardrsquo Abu Hena Mostafa Kamal director of Labour Directorate told New Age on Monday After getting names from Employers Federation and Sramik League those would be sent to the ministry for next course of action he said The labour ministry has initiated the move to review wages of RMG workers last month after getting a request from Bangladesh Garment Manufacturers and Exporters Association to form the minimum wage board On November 8 the trade body sent a letter to the labour ministry requesting review of the existing wages of workers and formation of a minimum wage board to uplift the image of the sector at home and abroad

Daily News Flash 12th December 2017

15

The issue was discussed in the cabinet meeting on November 20 presided over by prime minister Sheikh Hasina at her Tejgaon office Following Rana Plaza building collapse in April 24 2013 that killed more than 1100 people mostly garment workers the government under pressure from national and international community took a measure to review the wages of the RMG workers In December 2013 a minimum wage board set the lowest wage for garment workers at Tk 5300 raised from Tk 3000 which was set in July 2010 In December last year many RMG workers in Ashulia industrial belt on the outskirts of the capital staged demonstration demanding Tk 16000 as the minimum monthly wage for apparel workers instead of the existing Tk 5300 Apparel factory owners fired more than 3000 workers and filed criminal cases against 1500 workers for taking part in the demonstration demanding pay hike During the demonstration the government and the BGMEA termed the workersrsquo demand illogical and unlawful Recently three trade union federations including IndustriAll Bangladesh Council made appeal to BGMEA seeking wage hike of workers in the wake of increasing living costs There are around 4500 export oriented RMG units with 44 lakh workers mostly located in Dhaka Ashulia Narayangonj Gazipur and Chittagong Source httpwwwnewagebdnetarticle30281wage-board-for-garment-workers-likely-this-

month

NBR PLANS DEAL WITH TAX HAVEN COUNTRIES The National Board of Revenue is actively considering signing agreements with tax haven and offshore jurisdiction countries to get information related to illegal investment money laundering and tax evasion activities by Bangladesh national and companies The deal known as Tax Information Exchange Agreement (TIEA) will help the tax authority to get information on the issues and to detect the investors source of investment and methods of transfer of funds officials of the NBR said They said that they found difficulties in getting information in investigating into the matters related to the names of Bangladeshi individuals and firms that appeared in the Panama Papers and Paradise Papers as investors in some tax haven and offshore jurisdictions in absence of such agreements Though the papers revealed that Bangladeshi firms and individuals made investments in tax haven countries there were no financial details of the investors they said There were also no other ways to get information required to probe into the allegations they added In this context the tax authority has decided to explore the ways to enter into the agreements with some selected countries known as tax haven and offshore jurisdictions having no tax A high official of the NBR on Sunday told New Age that the income tax wing would communicate with the countries to sign the agreement He said that the countries were used for money laundering through making investment as there is no corporate tax in tax haven and offshore jurisdiction countries lsquoIt is necessary to sign the agreement to bring back the laundered money or impose and collect tax on that moneyrsquo he said The countries do not provide any information related to investors and investment in absence of such agreements officials said Many countries including neighboring India have signed TIEAs with some tax haven countries Income tax wing will place the proposal before the board for consideration and take next step as per decision of the board they said

Daily News Flash 12th December 2017

16

Barmuda Bahamas Barbados British Virgin Islands US Virgin Islands Panama Hong Kong Macau Cyprus Liechtenstein San Marino Mauritius Seychelles Marshall Islands Samoa among others are known as tax haven and offshore jurisdiction countries The revenue board had launched investigation into the names and firms that appeared in Panama Papers in 2016 and Paradise Papers in November this year as investors in some tax haven countries US-based International Consortium of Investigative Journalists leaked thousands of documents which exposed investments in tax haven and offshore jurisdictions Earlier in late November NBR chairman Md Nojibur Rahman said that intelligence wings of the NBR were working with the Bangladesh Financial Intelligence Unit of the Bangladesh Bank on the issue and the findings would be revealed once the investigations are completed Source httpwwwnewagebdnetarticle30282nbr-plans-deal-with-tax-haven-countries

TELECOM MINISTRY APPROVES 524 NEW ISP LICENCES Post and Telecommunications Ministry has approved all the proposals of Bangladesh Telecommunication Regulatory Commission to award 524 new licences of internet service providers in six categories after keeping the process halted for more than a year The approval of the ministry came after the revision of a policy decision increasing licence acquisition fees annual licence fees and category of internet service providers on October 18 this year in presence of prime ministerrsquos ICT advisor Sajeeb Wazed Joy Earlier the government had adopted a policy decision to increase licence acquisition fees on ISPs making revenue sharing a mandatory for them along with reducing categories of licences to three instead of existing six As part of the decision BTRC in July this year proposed lecence fees for a nationwide ISP at Tk 25 lakh along with Tk 5 lakh annual licence fee an urban ISP at Tk 15 lakh licence acquisition fee along with Tk 3 lakh annual licence fee and registration certificate for the cyber cafes at Tk 25000 Another provision of sharing revenue with the government and contribution to the governmentrsquos social obligation fund was proposed at the rate of 1 per cent respectively Under the existing guidelines nationwide and urban ISPs have to pay Tk 1 lakh as licence acquisition fee and annual licence fee respectively A senior BTRC official told New Age on Monday that the commission would issue letters to the entities which got approval from the ministry within a couple of weeks As the government backtracked from changing licencing fees and charges the existing rules would be applicable on the entities he said Under the fresh approval of the ministry 7 entities will get nationwide ISP licences 14 central zone ISP licences 81 Zonal ISP licences 216 A category ISP licences 28 B category ISP licences and 178 C category ISP licences Licences would be issued to the entities after fulfillment of licencing conditions including depositing bank gurantee licence fees and other documents to the commission the BTRC official said According to BTRC data a total of 499 entities were operating ISP business across the country including 117 entities to provide nationwide internet 73 for central zone 57 for zonal 175 for A category 29 for B category ISP and 48 for C category internet service The approval of the ministry came after the BTRC chairman Shahjahan Mahmood said on November 29 this year that the commission has been suffering from stagnancy in terms of conducting its activities since 2010 due to curbing of its power in favour of the post and telecommunications ministry The BTRC chairman also mentioned non-issuance of any new internet service provider licence by the ministry for more than a year due to bureaucratic complexities Senior officials of the telecom ministry however said that the ministry takes prompt actions regarding each and every issue of the commission

Daily News Flash 12th December 2017

17

They also said that the ministry cannot do everything on its own as there were engagements of other ministries as well Source httpwwwnewagebdnetarticle30283telecom-ministry-approves-524-new-isp-licences

NRBC BANK NEW CHAIR BLAMES BB GUIDELINES The newly elected chairman of NRB Commercial Bank Tomal SM Parvez on Monday blamed lsquoloopholesrsquo in the Bangladesh Bankrsquos guidelines for the irregularities in the private commercial bank On Sunday NRBC Bank underwent a major reshuffle with its founding chairman Farasath Ali resigning in the wake of a number of loan scams in the bank lsquoNRBC Bank is different in nature from the other banks operating in the country as it is owned by non-resident Bangladeshis but there are no specific guidelines on the involvement of the NRBs with the bank and the way they would invest in the bankrsquo Parvez told reporters after meeting the three deputy governors of the central bank The restructured board of NRBC Bank led by its chairman visited the BB before taking their office in order to discuss the bankrsquos current situation The new board has identified some problems in the areas of corporate governance and compliance of the bank said the newly elected chairman of the bank He said that the previous board was not aware of many problems that were hurting the bank and the bank faced controversies because of lack of BB guidelines on NRBsrsquo investment in the bank He however assured that there would be no further risks for the depositors and customers of the bank More investments would be made by NRBs in the coming days and the bank would soon launch new products for the NRBs he added Asked about the managing director Dewan Mujibur Rahmanrsquos role in the scams he said the board was yet to receive all the documents issued b y the court and the BB so he (Mujibur) has been sent on a three-month leave to look into the issues in the meantime NRBC Bank vice-chairman Mohammad Shahid Islam said lsquoThe board is yet to take office and that it would bring all the issues to light after going through all the documents within 15 daysrsquo BB spokesperson Suvangkar Saha told New Age that the new board members came to the central bank to discuss all the matters and concerns regarding the bank Asked about the chairmanrsquos statement putting the blame on the BB guidelines he said the central bank was yet to receive any such allegation Bangladesh Bank earlier found that the board of directors of the bank was engaged in massive irregularities from forging signatures of directors to sanctioning Tk 701 crore in loans flouting rules and regulations A number of BB inspections conducted between June 2016 and December 2016 found that the private commercial bank showed in its documents presence of four directors all non-resident Bangladeshis in its board meetings held during 2013-2016 although they were actually not in the country during that period Because of the irregularities the amount of the bankrsquos non-performing loans stood at Tk 194 crore at the end of third quarter this year The government approved the bank in 2013 with the aim of attracting investment from NRBs to the bank Source httpwwwnewagebdnetarticle30287nrbc-bank-new-chair-blames-bb-guidelines

Daily News Flash 12th December 2017

18

STOCKS FALL FOR 4TH DAY AS SELLERS OUTWEIGH BARGAIN HUNTERS Stocks fell on Monday extending the bear-run to the fourth consecutive session with the turnover remaining low as investors kept share sales while some were waiting for the next move of the market The DSErsquos key index DSEX declined 012 per cent or 777 points to close at 619665 points on the day The index lost 90 points in last four sessions The market opened with bullish momentum that sustained until the mid-session of the day as a section of investors went for bargain hunting purchase after fall in previous three seasons market operators said The market however moved downward soon after as the early gains were canceled out when many investors remained on share sales fearing any unforeseen losses they said They said that the market might return to positive within a week when institutional investors would move for share buying at lower prices to attain profit before the year end stockbrokers said Moreover a section of investors were jittery as the market extended bear run to the fourth session with lower participation by the investors they said Some of the investors went for selling shares to reduce losses as they felt uncertainty over the market movement during this period they said The turnover an important indicator of the market participation remained low at Tk 49124 crore increasing little from Tk 43286 crore in the previous session Average share prices of cement engineering telecommunication and pharmaceuticals declined by 101 per cent 046 per cent 044 per cent and 034 per cent respectively that contributed most in sending the market to the negative trajectory Slump in share prices of Grameenphone Square Pharmaceuticals and British American Tobacco added fuel to the volatility of the day Although share prices of most of the scrips declined the market fell marginally as energy and bank increased by 064 per cent and 041 per cent respectively saving the market from further fall Out of the 30 traded bank scrips 18 issues advanced just eight declined and four remained unchanged Of the 332 companies and mutual funds traded 170 declined 116 advanced and 47 remained unchanged lsquoThe core index was jubilant in the early part of the session but faced extensive correction in the later partrsquo said EBL Securities in its daily market commentary Investors exerted sales pressure especially on the stocks from Telecommunication Pharmaceuticals amp Chemicals and Food amp Allied sectors it said DS30 the blue-chip index of the DSE inched down by 017 per cent or 394 points to finish at 224627 points Shariah index DSES also declined by 017 per cent or 367 points to close at 137595 points Grameenphone led the turnover chart on the day with its shares worth Tk 1896 crore changing hands Doreen Power Baraka Power Delta Brac Housing Finance Square Pharmaceuticals BRAC Bank Shahjibazar Power Legacy Footwear City Bank and Islami Bank were the other turnover leaders ICB AMCL 2nd NRB Mutual Fund increased the most with a 480-per cent rise in its share prices while Shyampur Sugar Mills was the worst sufferer on the day shedding 96 per cent Source httpwwwnewagebdnetarticle30288stocks-fall-for-4th-day-as-sellers-outweigh-bargain-hunters

Daily News Flash 12th December 2017

19

YOU CAN NOW GET 1KG ONION AND 1KG CHICKEN AT THE SAME PRICE Kitchen bags continue to feel heavier for consumers with the continued rise in onion and rice prices over the last week Customers now have to pay Tk120 to buy a kg of onion or a chicken of the same quantity In Dhakarsquos retail markets local onions were sold at Tk120 per kg as of Monday whereas the price stood at Tk95 just a week ago Imported onions on the other hand were sold at Tk90 compared to last weekrsquos rate of Tk85 Kazi Keya a housewife decided to cook chicken without onions when she visited Karwan Bazarrsquos kitchen market Monday ldquoThe price of such an essential item should not be this high If I knew this earlier I would have stocked uprdquo She also noticed that the price of fish and meat have remained the same but one needs to spend at least Tk80 to buy good vegetables Traders claim the onion prices started to skyrocket from December 6 due to supply shortage

The old stock of onions are about to run out and importing from India has turned out to be much costlier than before At the same time the expected supply from local onion farmers has been delayed The rise in onion prices is likely to continue for the next two weeks until the harvest of Rabi season arrives observed traders Abul Kalam Azad proprietor of SS Trading at Dhakarsquos Shyambazar wholesale market told the Dhaka Tribune that this is a result of Cyclone Mora that hit India earlier this year damaging crops in many states including Gujarat and Uttar Pradesh ldquoSince then the supply of imports has been poor The recent decision by the Indian authorities to set the minimum export price at $850 has aggravated the crisis as wellrdquo he said According to the importer farmers in many districts that produce onions including Pabna Faridpur and Ishwardi have also failed to harvest their crops in time because of rain Narayan Chandra Saha another wholesaler at Shyambazar claimed most of the traders had already run out of 90 of their onion stock He said ldquoThe farmers will have to wait for seven days after the rain stops This means it might take at least 15 more days for the arrival of the new stock that would eventually lead to price stabilisationrdquo When contacted Consumers Association of Bangladesh President Golam Rahman alleged that dishonest traders were behind the unusual rise in prices in the market claiming the supply remains normal ldquoThe government should keep track of production figures and ensure strict monitoring at both the retail and wholesale levels to help consumersrdquo he said

Daily News Flash 12th December 2017

20

According to sources from the Ministry of Agriculture Bangladesh has a demand of around 22 million metric tons of onions per year and has domestically produced 19 million metric tons of onions in the current year The shortage of onions should not have exceeded 300000 metric tons However Bangladesh imported a total of 770875 metric tons of onions from January 1 to October 17 According to the Trading Corporation of Bangladesh (TCB) the prices of local and imported onions stood at Tk 35 and Tk25 a year ago

Rice price rises vegetables stable The price of both coarse and fine rice has also gone up since December 9 according to the TCB Coarse rice was selling at Tk42-Tk46 On December 9 the price range was Tk40-Tk45 The price of fine rice has increased by Tk1-2 over the same period Price of other essential commodities including vegetables however remained stable A 5 litre bottle of soybean oil was selling at Tk530 and the 1 litre ones at Tk109 sugar at Tk58 per kg salt at Tk38 per kg as of Monday The price of chicken stood at Tk120 per kg a Tk10 rise from last week while the price of beef and mutton remained unchanged at Tk500 per kg and Tk750 per kg respectively A dozen eggs sold at Tk84 Source httpwwwdhakatribunecombusinesscommerce20171211onion-chicken-price-same

দশক প ও ক ক দ শ এ ক দ দ ক

- ক ও দ ক

দ দ ও ক ক ও

প শ প ক দশ ক প -

প এক দশ প ও ক ক ক ৮০ দশক প

ক প ক ক ১৯৮৯ ক ক ক ক ক

প

প দ ২০০৫ ৪৩ ৩৫৬ ক ৪ ১৮ ৫২৯ ২০১০ ৬৫ ৮৩৪ ক ৪ ৪৮ ৭৩৬

২০১৫ ৯৪ ৯৭৯ ক ২ ৩৮ ৩৫৪ ২০১৬ ১ ৯২ ৯২৫ ক ২ ৯২ ৯৩৯ ২০১৭ ১

৪৫ ৪৫৫ ক ২ ৩৩ ৭৮৪

ক ও প - ক শ ক ক শ

দ ক ক প শ প শ ও দ দ শ এ ক

দ দ

ক দ ক প ক এ ক প ক

প শ প ক ক দ

ক প ২৩ শ শ দ প ৮ শ শ ক

৩৪ শ শ ক

Source httpwwwsharenews24comindexphppage=detailsampnc=2ampnews_id=7137

প দ ক দ প ও ক ( পও) দ

ক

৭ ২০১৮ ক পও দ ১৫ ২০১৮ প

এ ১৪ দশ ক এ ক শ ( এ ) ৬১৫ ক শ এ ক পও দ

ক ১ ক ৫০ শ ( শ ১০ ক ক ) ১৫ ক ক ক এ ক

Daily News Flash 12th December 2017

21

ও ৭ ক ৪৪ ৪৬ ক শ ৫ ক ৬০ ১২ ক ক প শ ৬৩ ৪৩

ক এ পও ক ক

ক ২০১৬ ক ২০১৭ প ক শ ক দ (এ এ ) ১৬৬৮

ক এক শ ( পএ ) ১৩৪ ক এ এক পএ ১২৬ ক

৯ শ দ (এ ও এ পএ ) ০২৪ ক এ এক ০৩৮ ক

ক ক ক ক প

Source httpwwwsharenews24comindexphppage=detailsampnc=1ampnews_id=7128

১৪৪ - প ক ক ক প প দ ক - ( দশ)

প শ ক ( পও) ১৪৪ ক ক ক শ ক ক

শ ক প ক পও ক ও প ক

ক প ক প ক ৯৮ ক ক ও ক ৪৬ ক ক দ

ক প শ ক ক এ ও দ ও

শ ক ক প ও ও দ প

ক ক ও ক ক ও দ প শ ও

ক দ শক ক এ ক শ দ ক প

ক শ ১০ ক দ ১৫০ ক ক প শ ১০০ ক ক

৩১ ক শ পএ ০৪৬ ক দ ক ক শ ক দ

(এ এ ) ২৮৫৯ ক

এ ক -প ৩ ক ২১ ২৬ ক - ( দশ) ক প ক

শ ক এ দ দ শ ক শ ৩ শ শ এ ক ৬০ শ শ

দ ক ক

Source httpwwwkalerkanthocomprint-editionindustry-business20171212576389

ক ক এ দ শ ও দ ক দশ দ

১ ২৮৩ ক ক

দ ক ক ক ক

দ প ও দশ ( ) প এক দ ক এ

এ ক প ও ক প এ ক ক ও প দ

ক

দ ২২ ক ৪৭ ৯৩৯ ক ৪৯ ২২১ ক ২১ ক ৪৫ ৭২৩

ক ৪৭ ৫ ক এ ১৮ ক ৪০ ৪৭৪ ক ৪১ ৪০৬ ক

এ ২৫ দ শ দ ও এ ক ক (২২

ক ) দ ১ ৩৯৯ ক

ক প দ ক ক ক দ ক দ দশ ক ১৯

শ শ

Source httpwwwkalerkanthocomprint-editionindustry-business20171212576386

দ ক শ ক ক ক

ক ২০১৩-১৪ এ ক দ

এ প ক শ ক ক এ দ শ ক ক ক ও

এ ও এ ক ও

Daily News Flash 12th December 2017

22

Source httpwwwkalerkanthocomprint-editionindustry-business20171212576390

দ শ দ শ দশ ক (এ ) প ক

ও প ক ৬০ ক শ প দ এ ক প ক

পদ ৭২ এক শ দ ক ক দ এ ক এক প প

ক দ ক দ

১৯৯৪ শ ক এ ক এ ক শ দ শ

৮২ এ ৩৮৫ প ও ক শ এ দ

এ শ ক শ দ ক ক ক ও শ ক ক

দ দ শ ক এ ক ক এক শ শ

ক ক ও দ শ ক প

এ (প ক ) ও ক ক

শ ক এ এক প ক ক প প

শ ক ও দ শ ক প প ক দ শ ক প

এ দ এ প প দ দ দ ও শ প ক ১৮ ক

৩৬ প ক ১২ ও ১২ শ ক এক ক ২৪ প ক ক এ

৬০ ক প প ও প ক এ প পদ

ও শ প ক ২১ ক ৪২ দ দ এক

প ক এ ক ১৫ ও ১৫ শ ক এক ক ৩০ প ক

ক শ প দ প ও শ প ক প ক দও

শ দশ ক প ক দশ এ প শ ও দশ

প শ

এ এ প ক শ ক ক - ক

শ প দ ক এক ক ক প ক এ ক ক

ও ক ক ১২ প ক

এ এক প ক শ প দ এক ক এ প ক পদ

ক এ শ প ক দ এ এক ও প ক

এ ক এ ক দ শ ক প শ

ক ক ক প প এ ক প ক দও দও এ

দ দ দ প ক

এ দ ক ক ক দ ক এ দ প ক

ক ( ) এ প ক (এ ) ক দ ক ক এ

ক দ দ প প প শ প শ ক ক এক- শ ক

ক

প ক ক ক প প প ক দ শ ক

ক শ ক এ ক প ক প শ ক প দ ও ক ক দ

এ এ ক ক ৩৫ প ক ক এ প প ক এক প এ ক প প ও

প ক

এ শ দ এ প প ক ক প ( ) দ

এ এ ক ক প ও প প ক প এক ক প কএ এ ও এ এও

ক এ ও প পদ শ

Source httpwwwsamakalcomtodays-print-editiontp-industry-tradearticle17121921প ক - - -এ -

Daily News Flash 12th December 2017

23

এ ক শ (এ ) ক ক শ ক ক ক দ প ও

এ এ প দশ ক এ প প দ ক শ ক দক দ এক এ

ক দশ ক ক ক শ ও ক

প প দ দশ ক প ক ক

দ পদ প দ ক ও প এ ক

ও ক প ক এ এ দশ ক

এ এ প প প দ দ ক ক ক প দ প এক

দ ক ক দশ ক ক এক

ক ক এ দ এ ক দ ক ক দ দও

ও এ দ ক ক ক এ ক ক প ক শ

দক দ প দ দ ক প দ প

দশ ক দ শ প দ ক ক এ এ ক প দ ক ক

প ক ক ও ক প প দ ক ক দ প ক

প পদ ক দ প ক প ও পদ ক

দ ক ক ক ক ক ক ক শ ৪৩ ক ৭১ ক

শ ক ক এক শ দ

Source httpwwwsamakalcomtodays-print-editiontp-industry-tradearticle17121920এ - - শ - ক -

৩ ক দ প ও ক দ শ ক এ দ শ দ শ

ক ও শ প ও ক ৪৫ ক ৫৬ ক শ দ দ ৯ শ শ

এ ক ৩৩৩ ক ও ৪৯১ ক ২৫ ক শ ও ক

৫৮ ক ৩৮ ক শ এ ও ১৮ ক ৬৯ ক ৬৯ ক শ ক

দ এ প ৩৫ ক ৩৪ ক শ এ এ দ ১৪ দশ ক ১৯ শ শ

এ এ ১৮ ক ১১ দ ক প এ ক দ প শ

শ দ ১৩ দ ক প - এক ক ও ক ক ক

ক শ দ ও দ ক শ ক ক

এক ক ক প প ও ক ক প ও এ

ক প ও ক প প এ ক প এ- শ

দ ও দ

শ শ প ও ক ক ক ক দ -প ক শ ক

এক ক এ দ এক দ প শ দ

Source httpwwwsamakalcomtodays-print-editiontp-stock-marketarticle17121919 - দ -শ - -৩- ক

২০১৬-১৭ দ প ও প ১৪০ ১৪৯ ক প ক

(এ ) দও দ ক শ ২০ ক প ক

এ ২০১৬-১৭ ৬৬ ৮৯১ ক ক শ ২০ ক এ ৩৩ ৯৮৮

ক ক শ ক দ ১৩ ৯৫৫ ক ক দ ওপ ক ও এ ক

প প শ ক ক ( এ ) দশ শ ১০ প শ ক ক

Daily News Flash 12th December 2017

24

ক ও ক ক ও প প ও শ দ ক ২০

ক mdash ক ক ও ক প শ শ ক

ক ক ক প প দশ

ক প ও ক

প প দ mdash দ ক ক প দশ

এ ও ও এ শ ও

দও প শ শ ৩০ ক ও এ ক

এ ক ২৭ ক ও ক দ ক দ শ প দ ১৪০

এ দ ক এ এ ক ক

এ দশ শ দশ দ ক শ দ ক দ এ

দ ক

ক দও দশ প প দ ক এ প শ প ক

এ এ ক দ দ ক শ ৪০ ক দ দ শ ক দ

ক ক ক ক এ ক ক ক এ

শ শ ও দ শ

শ এ ক দ ১৬ ক ৩২ - এ ক ও ক দ ১৭-১৮ ক দ ক এ

ক শ ক ক ক -ক ক ক প ক দ

এ ও দ প দ প

ক দ ক প ক এ প ক - ক

ক ক ও

Source httpbonikbartanetbanglanews2017-12-11141141শ - -প শ ক - -প - ক

ক ক প দ দ দ ক শক ( ও ) দ

দ ক ১০ দ এ এক এ দ ও দ ও দ ক

ক ও এ

ও ক শ (৬০ প ) দ দ দশ ক ৪ শ শ ক দ

শ শ ৯ ৮৫ ১ প ক দশ

প দ এ দ ও দ দ দ ক ক

ক ক ও ক এ ক প ক

প দ ক ক ও ক প এ দ প প

প ও দশ দ প প দ প এ ক ও দ

দ দ এ দ ক ক ক প শ ক এ ২০১৭-১৮ ১১ ক ২৯

প দ প প প এ ও প ক ক

ও ক শ দ দ দশ ক ৪ শ শ ক এ দ দ শ

শ ৩ ৫১ এ দ ক শ ৪ ১৭ দ

দশ ক ৫ শ শ ক ১ প ও এ দ ক দ শ ও ক

ক ও প ও দ ক ক ক

Source httpbonikbartanetbanglanews2017-12-12141173 -ক প - ক-

ক প শ ক দশ ক এ ক ক ক ও ক

প শ ক প শ ক ক এ এক প

Daily News Flash 12th December 2017

25

ক ক ক দশ ক শ ক ক

ক

প এ ক ক ক ও ক এ এক দ ক প

এক ক প ক দ ও প শ দ এক দ

প দ দশ ক এ দও এ প প শ ও ক

প এক প

ক ও ক ক প দশ ক ক ক

এ এ ও দ ১৯ শ শ ক ও ক ক

১৩ শ শ দ

Source httpbonikbartanetbanglanews2017-12-12141224 ক-প - - - -

ও ক ক দ ( প পএ ) ক দ ক

এ এ এ ওপ দ প ক ক ক ক দ দ ক প ও ক প

দ দ ও প ক এ শ ক ক দ

ও ক -প দ ক প ক শ

শ ২০১৬-১৭ ক দ ক এ প ক

শ ক ২০০৬-০৭ ক ক দ mdash দ ও প

প প ওপ ক শ এ ক ক -প শ ( পএ )

ও শ দ (এ এ পএ ) দ

ক ক প ক ক দ এক প

ক ক ক ক ক দক ও শ ক ৩০ ৬১ ৯৩২ ক ক

শ ক প ২০০৫-০৬ ক ২০১৫-১৬ প প পএ ৪৯ ৬৬ ৮৭৭ ক ক ও ক দ

ক প পএ ক ক ক ও এ প ক দ প ক

১৯৯২-৯৩ ক ২০০০-০১ প এ ২০০৬-০৭ ও ২০১২-১৩ ক ২০১৩-১৪ প ৩ ক ৯ ৬ ৪৯২ ক

ক ও এ প ক ক ক

২০০৬-০৭ ক ক ক দ দ ও প প ওপ ক দ দ

শ প দ ২৫ ক ক প ক ক ক ক প দ দও

ক ও ক এ ক দ দ

ক দ ও প ক এ ক প ক প দ প

ও ক

ক ক শ ৫ ক ৫৯ ক ক ক এ এ শ দ ও

এ ক ক প ক ক

এ শ ক দ এ ক ক ক

এ দ ক ৩০ ২০১৭ ক দ প ক ১০ শ শ দ শ প শ ক শ

প প দ ক ক এ ( এ ) এক ক শ ( পএ )

১ ক ৬৫ প ৩০ ক শ দ (এ এ পএ ) দ ২২৫ ক ১৯ প

ক দ শ ও এ দ ৩১ ১১ ক

(এ এ ) ক প ক ক ক ২০

২০১৬ ৩০ ও ১০ শ শ দ শ দ ক এ ক পএ ১ ক ৫৯

প

১৯৮৫ শ ক ক দ ১০ ক ও প শ ২ ক ৭১ ২০

ক ৫৮ ক ১৮ ক ক শ ৫৫ দশ ক ৮৬ শ শ এ দ -প ক দ ক ৫ দশ ক ৬৩

শ শ ক ক ও ক ৩৮ দশ ক ৫১ শ শ শ ক ক

Daily News Flash 12th December 2017

26

এ শ ২৩৪ ক ২০ প শ শ দ এক শ দ ১৮০ ক ও

২৬৯ ক শ এ এ দ ও দ এ শ ( প ) প ১৪৭ দশ ক শ ৪

দ ১৪১ দশ ক ৭

Source httpbonikbartanetbanglanews2017-12-12141220 - শ - ক- দ - পক-

২০১৬-১৭ ক প ক প ও প প শ

ও ক শ দ ও ক ক ক

ক দ ও এ প ক শ ক ক শ ক শ ক এ দ ও দ ক

ক ক ক এ ( এ ) শ ক দ এ এ দ দ ক ১০ ক ক শ

প ও দ ক ক ক ক ক ক দ প ও ক শ ক শ ক ক

ক

এ শ এ প ও এক শ দ দশ ক এ প ও

প প দ ক ক ও ক ক ক

ক ক শ ক ও দশ ক এ প দ -

প ও ক প ক ক ক ক

এ প ক ক ক

Source httpbonikbartanetbanglanews2017-12-12141219 এ এ - ক- -

ক ক ও দ শ প দ শ ক ক ক ও দ

ক প প পপ প ক

ক এক এক ক ক এ

দ দ ক শ ক ক ক প দ

ক প দ ক দ ও ক প

এ

ক দ ও

দ শ ক ক প দ

৪ ক শ এ প প দ ৩ ক

২০ ক প দ ৮০ শ শ

ক প

দ শ প দ ক ক

দ ক প দ

২৪ এ প প দ ক ১৭

এ প দ ৭১ শ শ ক

ক ক প দ প ক ক ১৫ প দ

দ ৯৭ শ শ ক

ক এ ক প দ ১৭ এ প প দ

১৫ প দ ৮৭ শ শ ক ক

এ ক ক ( ও) দ ক ক এ প প

২০১৭ ৮-৯ শ শ প দ এ দ

ক - শ ক ক দ ক ক এ ক ক ক

Daily News Flash 12th December 2017

27

প ক প দ ১০ প দ ৭৫

শ শ ক ক ক এ ক - শ ক দ

৭৮ শ শ প ক ৭০ শ শ প

প প প প ক ( ) ক শ দ প দ

শ ক এ ক ক ক দ শ এ দ এ

প দ দ ও

ক ক ক প দ এ প প দ ক প

এ প দ ৭২ শ শ ক প দ ক দ প দ ক

প ক ক এ ক দ ও

প দ ক ক দ ক প প দ ক

এক দ শ দ ক ৩-৪ শ শ দ ক ও ক ক

দ ও ক দ ক ১৪ শ শ শ

দ ক শ শ প শ

এ ১৪ শ শ এ প দ দ দ শ ১১ দশ ক ৮

শ শ এ প এ ৯ দশ ক ১ ৮ দশ ক ১ ৮ এ

ও এ ৬ দশ ক ৬ শ শ ক এ প ক দ শ

৬ দশ ক ৫ ও ক ৪ দশ ক ২ শ শ

দশ ক দ শ দ দ ২০০০ প দ শ

ক এ ক ক ক ক ক ক

ক এ ও ২০০০ এ শ

দ শ ক ৪২

Source httpbonikbartanetbanglanews2017-12-12141264 দ শ - - - দ -

প ক ক ক ক ক ক ক ক

দ প প ক ক ও শ ও ক

এ এ ও এ ক ক ক দ

ও ক প দ ২০১৬-১৭ ক দ প ( ) প ও এ ক

দশ ( এএ ) এ ১২ ও ৩৬ ক এ ক ক ২০১৬-১৭ ক

প

ও ক ২০১৬-১৭ ক ক ক এ দশ ( এএ )-৩৬

ক ১৭ ক ৪২ ক দ প ক ক ক ক প ক

এ ক ক প ও দ শ দ

এ দ ক দ প ২০ ক ৫৮ ক ক ও ক ক প প ক ক দ ক প এ

ক শ ক প ক দ প ক

এএ -১২ ও ক ক প ক ও দ প ক ক

শ প ক এ ক শ দ শ দ ৩৩ ক প ও

ক ও ক এ ক

শ ও ক ২০১৬-১৭ ক দশ ( এএ ) ক

ক দ দ ক ২০১৬-১৭ শ ১০ ক ৩৬ ক প ও এ প ও ক ক

ক দ ক ক শ ক ১৯৯৪ ক ক এ দ দ দ ক ক ২০১৬-

১৭ ক দ ও প দ ও দ শ দ

Daily News Flash 12th December 2017

28

শ ক ক শ ক ক ও এএ -৩৯ প প ক এ

এএ -৫৫ এ প দ এ এএ -১২ ক ক

এ দ ক ক ৪৯ ক ৪৫ ক প ও ক ক শ ক দ

দ এ এএ -৩৬ প ক ক ক ও ক

দ ক দ ক ও প প ক ক ২৭ ক

ক ক

ক দ এ ও প এক

দ ক ক প দ দ প ক এ

ক ক শ ১৯৬৯ ক ১১১ ক ও ক ২৭

১ ৭০০ ক ক ১৫ দ এ প শ দ শ দ

Source httpwwwsharebazarnewscomarchives92154

-২ দ শ ৩০০ ও ক ক lsquo প -২rsquo এ প দ ২০১৮ এ

ক ২০১৭ ক প ক দ দ ( প )

ক ক ক - এ এ ক

দ এ ৯ ক ক ক

প দ প ক ক এ ক এ ক ও প এ

৩০০ ও ক শ

শ প rsquo প শ এ

প -২ প ও ক এ প ১৫ দ প ক

ক এ ক দ প ৮ ক ৩৪ প

ক প ও ক ২০ শ শ ক প শ ক ৮০ শ শ

Source httpwwwsharebazarnewscomarchives92114