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Daily News Recap
Thursday, April 2, 2015
Inflow of low-cost foreign fund for pvt sector up 17pc in 2014
Borrowing of low-cost funds from overseas sources by private sector entities continued to rise in
the year 2014. The inflow of foreign funds for the private sector increased by around 17 per cent
last year when the local banks sat on tonnes of idle money.
Borrowers and business leaders have attributed such a steep rise in overseas borrowings to the
higher lending rates being charged by local banks and other financial institutions. On the other
hand, bankers and experts have blamed the government's policy on yield rates of its savings
tools for the steep rise in the inflow of foreign funds for the private sector.
http://www.thefinancialexpress-bd.com/2015/04/02/87259
Pre-budget discussions begin today
The National Board of Revenue is going to start today month-long pre-budget discussions with
stakeholders to prepare revenue budget for the next fiscal year 2015-2016.
According to the schedule, on the first day of the series of meetings, the NBR will discuss today
with the representatives of hotel, restaurant, guest house, paper, printing, film, advertisement,
and clinic and diagnostics sectors. The NBR will hold meetings with the representatives from
construction, real estate, pharmaceuticals, rubber, plastic, small, medium and large industries
sectors on April 2.
http://newagebd.net/107706/pre-budget-discussions-begin-today/#sthash.PVIChjzj.dpuf
Singaporean firm to drill two onshore gas wells
Singapore-based Kris Energy will carry out drilling operations in two onshore wells in Bangora
field, located under block 9 in Comilla district, a senior Petrobangla said. Once completed, natural
gas production from Bangora gas field will be consolidated at the current level of around 110
million cubic feet per day (mmcfd), said the official. Bangora gas field has currently four producing
gas wells having total production capacity of 110 mmcfd, which is 4.15 per cent of the country's
overall natural gas output of around 2,645 mmcfd, as on March 30, 2015, Petrobangla data
reveals.
http://www.thefinancialexpress-bd.com/2015/04/02/87204
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Capital Market Research Department
Daily News Recap
Thursday, April 2, 2015
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Recommendation Interpretation
Overweight
Stock is expected to give positive return over 20% in one year horizon.
Add
Stock expected to give a return of 0-10%+ in one year horizon
Neutral
Current price of the stock reasonably reflects fundamental value.
Reduce
Stock is expected to fall up to 10% in one year horizon.
Underweight
Stock is expected to fall by more than 10% in one year horizon.
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Capital Market Research Department