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Norway government fund's investment on DSE hits record high


Norway investment on Bangladesh’s capital market hits record high
Mostafizur Rahman |
Published: 22:23, Mar 02,2021
| Updated: 21:02, Mar 04,2021
 
 
Investment of Norway’s sovereign wealth fund (SWF), the world’s biggest fund, in Bangladesh’s capital market hit a record high in 2020 despite the coronaviruscentric sluggishness on the market.
The SWF has been increasing its stake on Bangladesh’s stock market every year since investing around $19 million in the country in 2015 amid expectations of better returns from the market.
In 2020, the fund’s investment value on Bangladesh’s capital market reached $248.35 million, which was $188.12 million in 2019.
The Norwegian government pension fund had footprints in 20 companies in 2020 against 22 companies in the previous year. ....

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A taxpayer nonpareil | The Daily Star


A taxpayer nonpareil
Star Business Report
Star Business Report
It has been a decade the tax authority has introduced the tax cards to honour the top taxpaying individuals and firms in Bangladesh. And since 2010-11, one individual has been topping the list of the highest taxpayers without any exception.
Md Kaus Mia, the maker of scented tobacco Hakimpuri, has retained the pole position in the category of businesspersons.
The National Board of Revenue (NBR) recently unveiled the names of 141 largest taxpayers, including 76 individuals for the fiscal year 2019-20.
He loves to pay the highest amount of income tax and be the no.1 as he considers this as his contribution to the nation, said Shakil Ahmed, the tax adviser of Mia. ....

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Biscuit exports booming | The Daily Star


Biscuit exports booming
With most businesses suffering a deep wound inflicted by the coronavirus pandemic, biscuit makers in Bangladesh have a different story to share.
The crispy food, liked by people from all walks of life, has seen its demand grow both in domestic and export markets as many consumers have stayed indoors and shunned eating out.
After posting 10 per cent year-on-year growth in the fiscal year of 2019-20, which included two pandemic-hit quarters, the upward trend of shipment of biscuits has continued in the current fiscal year as well. Biscuits exports almost doubled to $31.5 million in the July-December period from $16.6 million in the corresponding period a year ago, data from the Export Promotion Bureau showed. ....

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