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Local motorbikes, cellphones set to be cheaper

FE Report | June 08, 2018 00:00:00


The prices of locally-assembled motorcycles and cellphones might be cheaper in the next fiscal year (FY).

Finance Minister AMA Muhith on Thursday proposed a cut in import duty on 44 raw materials required for the assembling products.

The duty on mould release preparation, adhesive, electric discharging machine fluid and phenolic resin has been proposed at 5.0 per cent in FY (2018-19).

It is currently 10, 25, 15 and 10 per cent respectively.

This will help minimise the prices of locally-assembled motorbikes further, said Matiur Rahman, president of Bangladesh Motorcycle Assemblers and Manufacturers Association.

Motorbike sales soared nearly 50 per cent to 0.36 million (3.6 lakh) units in FY 2018 because of a cut in duty on such products gradually for the past few years, he added.

Further import duty cut will help raise the sale of the locally-assembled motorbikes also in FY 2019, he said.

The budget proposed a cut in import duty on 40 products, including cellphone making or assembling.

It proposed only 1.0 per cent duty on such products against the existing rates ranging from 5.0 to 25 per cent.

tonmoy.wardad@gmail.com


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COMPANY YCP HIGH LOW CLOSE %CHG
MIDASFIN 23.2 25.5 23.5 25.5 9.9138%
PARAMOUNT 14.9 16.3 15.2 16.3 9.396%
REPUBLIC 21.2 23.3 21.5 23.1 8.9623%
PREMIERLEA 10.5 11.5 10.6 11.4 8.5714%
AZIZPIPES 195.0 214.5 196.7 210.6 8%
SONARBAINS 16.6 18.1 16.7 17.9 7.8313%
RUPALIBANK 40.2 43.7 40.5 42.9 6.7164%
CONTININS 18.4 19.8 18.5 19.6 6.5217%
ASIAINS 17.6 19.3 17.4 18.7 6.25%
RUPALIINS 19.7 21.1 19.6 20.9 6.0914%
COMPANY YCP HIGH LOW CLOSE %CHG
GLAXOSMITH 1100.0 1107.0 1005.0 1006.0 9.3439%
ASIAINS 19.0 19.3 17.4 17.4 9.1954%
AZIZPIPES 214.4 214.5 196.7 197.5 8.557%
MIDASFIN 25.5 25.5 23.5 23.5 8.5106%
SONARBAINS 18.0 18.1 16.7 16.7 7.7844%
PREMIERLEA 11.4 11.5 10.6 10.6 7.5472%
PARAMOUNT 16.3 16.3 15.2 15.2 7.2368%
DHAKABANK 16.6 16.6 15.5 15.5 7.0968%
CONTININS 19.8 19.8 18.5 18.5 7.027%
BNICL 17.7 17.8 16.6 16.6 6.6265%
COMPANY YCP HIGH LOW CLOSE %CHG
NLI1STMF 14.6 13.3 13.2 13.2 -9.589%
SEBL1STMF 13.8 12.7 12.5 12.5 -9.4203%
ACFL 62.6 63.5 56.6 57.0 -8.9457%
KDSALTD 91.5 93.4 84.9 85.3 -6.776%
HRTEX 50.2 52.4 45.5 47.4 -5.5777%
QUEENSOUTH 50.4 51.3 47.1 47.6 -5.5556%
REGENTTEX 24.2 24.7 22.8 23.0 -4.9587%
DESHBANDHU 20.8 21.0 19.7 19.8 -4.8077%
SEMLIBBLSF 8.5 8.2 8.1 8.2 -3.5294%
MHSML 17.2 17.4 16.5 16.6 -3.4884%
COMPANY YCP HIGH LOW CLOSE %CHG
HRTEX 46.1 52.4 45.5 52.4 -12.0229%
ACFL 57.3 63.5 56.6 63.0 -9.0476%
KDSALTD 85.9 93.4 84.9 93.4 -8.03%
QUEENSOUTH 47.3 51.3 47.1 51.3 -7.7973%
SAIHAMTEX 30.5 32.9 30.4 32.9 -7.2948%
MHSML 16.5 17.4 16.5 17.4 -5.1724%
LEGACYFOOT 263.0 279.9 258.2 277.0 -5.0542%
RELIANCINS 47.6 50.0 47.6 50.0 -4.8%
REGENTTEX 23.4 24.7 22.8 24.4 -4.0984%
BDAUTOCA 437.0 468.8 431.5 455.1 -3.9771%