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17 June, 2019 00:00 00 AM

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DSE describes budget as capital market friendly

BSS, DHAKA

Dhaka Stock Exchange (DSE) has hailed the proposed budget for fiscal year 2019-2020 (FY20) describing it as time-befitting and capital market friendly.

At a press conference at DSE conference room yesterday, DSE Managing Director KAM Majedur Rahman said the proposed budget has fulfilled the expectation of investors as the government has given several guidance for reforming the capital market and incentives for the investors.

“DSE is congratulating and thanking Finance Minister AHM Mustafa Kamal for taking initiatives to bring expansion and mobilization of the capital market,” he added.

In the proposed budget for FY20, the government proposed to rise tax-free dividend income to Tk 50,000 which is now Tk 25,000. Also 15 per cent tax has been imposed on stock dividend distributed to shareholders by any listed companies.

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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