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The Financial Express

Search results for: BAN

Remittance grows by 18.4pc in 2020

Remittance grows by 18.4pc in 2020

SIDDIQUE ISLAM 2021-05-20 09:16:46

The inflow of remittance into Bangladesh grew by 18.4 per cent to US$21.7 billion in 2020, defying the gloomy projections and inspite of the ongoing Covid-19 pandemic globally. This growth in inward...

Beacon Pharma's EPS jumps 704pc

Beacon Pharma's EPS jumps 704pc

FE REPORT 2021-05-20 08:50:08

Beacon Pharmaceuticals posted a massive 704 per cent increase in its third quarter (Q3) earnings for January-March, 2021 compared to the same quarter of the previous year, thanks to the strong deman...

Corporate tax cut likely next fiscal year

Corporate tax cut likely next fiscal year

FE Report 2021-05-20 08:31:55

Corporate taxpayers might see a cut in their tax rates in the upcoming fiscal year (FY), 2021-22, while individual's tax rates and tax-free ceiling might remain unchanged. Officials said the corpor...

BSEC seeks clarification from premier bourse abut failure to appoint MD

BSEC seeks clarification from premier bourse abut failure to appoint MD

-- 2021-05-19 14:09:08

The securities regulator has sought clarification from the premier bourse over its failure to appoint managing director within stipulated time frame, officials said. The Bangladesh Securities and Exc...

DSEX crosses 5900-mark at opening

DSEX crosses 5900-mark at opening

FE ONLINE REPORT 2021-05-19 10:57:06

Stocks opened sharply higher on Wednesday with the key index of the Dhaka Stock Exchange (DSE) crossing the 5900-mark in early trading as investors continued their buying spree on major sector stocks....

DSE daily turnover scales Tk 17b-mark after four-month

DSE daily turnover scales Tk 17b-mark after four-month

FE ONLINE REPORT 2021-05-18 16:13:35

Turnover on the Dhaka Stock Exchange (DSE) exceeded Tk 17 billion-mark after four months on Tuesday as enthusiastic investors continued to put fresh stakes on stocks amid eased virus worries. Turnove...

Bangladesh govt to borrow Tk 55b more in May to meet budget deficit

Bangladesh govt to borrow Tk 55b more in May to meet budget deficit

SIDDIQUE ISLAM 2021-05-18 14:01:22

The government has amended the auction calendar to borrow Tk 55 billion more from the scheduled banks to meet the budget deficit only for this month as a falling trend of surplus funds in its accounts...

Starting a business: Unlike Bangladesh's 19.5 days, OECD nations need 9.2

Starting a business: Unlike Bangladesh's 19.5 days, OECD nations need 9.2

FE REPORT 2021-05-18 12:59:26

Starting a business in Bangladesh needs 19.5 days, whereas the same in South Asia requires 14.5 days and just 9.2 days in the high-income OECD countries. A construction permit in Dhaka requires 281 d...

Next budget may skip facility of legalising black money

Next budget may skip facility of legalising black money

DOULOT AKTER MALA 2021-05-18 12:38:28

Despite disclosure of a record amount of 'undeclared' funds during the first three quarters of the current fiscal year (FY), the government may discontinue the softest-ever black money whitening pro...

Stocks fall at opening on profit booking

Stocks fall at opening on profit booking

FE ONLINE REPORT 2021-05-18 11:04:43

Stocks opened marginally lower on Tuesday as risk-averse investors opted for booking profits on quick-gaining issues. Following the previous eight days’ upbeat note, the market opened on a nega...

DSE turnover crosses Tk 15b-mark after four months

DSE turnover crosses Tk 15b-mark after four months

FE Online Report 2021-05-17 16:27:40

Turnover on the Dhaka Stock Exchange (DSE) crossed Tk 15 billion-mark after four months on Monday as enthusiastic investors put fresh stakes on stocks amid eased virus worries. Turnover, a crucial in...

Stocks open marginally lower on profit-taking

Stocks open marginally lower on profit-taking

FE ONLINE REPORT 2021-05-17 11:01:10

Stocks witnessed marginally lower in early trading on Monday as risk-averse investors opted for booking profits on quick-gaining issues. Following the previous day’s upbeat note, the market soa...

Less than 50pc ADP executed in July-April period

Less than 50pc ADP executed in July-April period

FE REPORT 2021-05-17 10:40:28

The government has implemented only 49 per cent of the development projects in the first 10 months of the current fiscal year (FY), with the health ministry performing poorly again, officials said on...

Bangladesh government likely to finalise Tk 2.25tn development budget

Bangladesh government likely to finalise Tk 2.25tn development budget

FHM HUMAYAN KABIR 2021-05-17 10:22:18

The government is likely to approve a Tk 2.25 trillion worth of annual development programme (ADP) for the next fiscal year with a special priority to the health sector, officials said on Sunday. The...

Dhaka sees record $2.9b private investment pledge in 2020: World Bank

Dhaka sees record $2.9b private investment pledge in 2020: World Bank

FE REPORT 2021-05-17 10:13:10

Bangladesh last year witnessed a record $2.9 billion investment commitment for its infrastructure development from private sector sponsors, according to a latest report published by the World Bank. "...

Next budget set to offer sweeteners to businesses

Next budget set to offer sweeteners to businesses

DOULOT AKTER MALA 2021-05-17 10:05:03

The government is set to offer a wide-range of tax relief for the businesses in the budget for the upcoming fiscal year (FY) to help the latter survive the Covid-19 pandemic onslaught. The government...

DSEX exceeds 5,800-mark after four-month

DSEX exceeds 5,800-mark after four-month

FE ONLINE REPORT 2021-05-16 16:01:38

Stocks soared in the post-Eid session on Sunday with the benchmark index of the Dhaka Stock Exchange (DSE) crossing the 5,800-mark after four months. Market operators said stocks extended their winni...

Bank Asia to issue Tk 5.0b perpetual bonds

Bank Asia to issue Tk 5.0b perpetual bonds

FE ONLINE REPORT 2021-05-16 11:43:20

The board of directors of Bank Asia has decided to raise Tk 5.0 billion through the issuance of perpetual bonds to boost the capital base of the bank. The bank will issue the bond through private pla...

Islami Insurance declares 10pc stock dividend

Islami Insurance declares 10pc stock dividend

FE ONLINE REPORT 2021-05-12 13:21:20

The board of directors of Islami Insurance Bangladesh has recommended 10 per cent stock dividend for the year ended on December 31, 2020. The final approval of the dividend will come during the annua...

First Security Islami Bank declares 10pc dividend

First Security Islami Bank declares 10pc dividend

FE ONLINE REPORT 2021-05-12 12:15:03

The board of directors of First Security Islami Bank has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2020. The final approval of the dividend, how...

Dhaka bourse opens marginally lower ahead of Eid

Dhaka bourse opens marginally lower ahead of Eid

FE ONLINE REPORT 2021-05-12 11:35:28

Dhaka bourse opened marginally lower on Wednesday as investors opted for booking some profit on quick-gaining issues on the eve of Eid holidays. Today (Wednesday) is the last trading day before Eid h...

Southeast Bank Mutual Fund completes tenure today

Southeast Bank Mutual Fund completes tenure today

FE Report 2021-05-12 11:01:19

Southeast Bank 1st Mutual Fund, a closed-end mutual fund, will complete its 10-year tenure today (Wednesday). A meeting of the unit holders of the fund will be held on May 25, 2021, to take the decis...

Jamuna Bank to issue Tk 5.0b subordinated bond

Jamuna Bank to issue Tk 5.0b subordinated bond

FE REPORT 2021-05-12 10:23:41

The board of directors of Jamuna Bank has decided to raise capital through issuance of subordinated bond worth Tk 5.0 billion to strengthen the capital base of the Bank. The bank will issue the non...

Bangladesh's health sector allocation likely to go up by 33pc

Bangladesh's health sector allocation likely to go up by 33pc

FHM HUMAYAN KABIR 2021-05-12 09:47:22

The country's health sector is likely to have a big leap with 33 per cent higher fund allocation in the upcoming development budget despite lacklustre performance in the project implementation, offi...

DSEX exceeds 5,700-mark ahead of Eid holiday

DSEX exceeds 5,700-mark ahead of Eid holiday

FE ONLINE REPORT 2021-05-11 15:25:55

Stocks extended the winning streak on Tuesday with the core index of the Dhaka Stock Exchange (DSE) crossed the 5,700-mark ahead of the Eid holiday. The market opened sharply higher which sustained t...

Stocks open higher ahead of Eid

Stocks open higher ahead of Eid

FE ONLINE REPORT 2021-05-11 11:31:17

Stocks opened higher on Tuesday as investors showed their buying spree on major sector issues ahead of Eid holidays. The market jumped at opening and DSEX, the benchmark index of the Dhaka Stock Exch...

Baraka Patenga Power’s IPO subscription begins June 13

Baraka Patenga Power’s IPO subscription begins June 13

FE ONLINE REPORT 2021-05-11 11:17:23

The initial public offering (IPO) subscription of Baraka Patenga Power will begin on June 13, aiming to raise Tk 2.25 billion under the book-building method. The power generation company’s subs...

BICM launches Master’s Programme on capital market

BICM launches Master’s Programme on capital market

FE Report 2021-05-11 10:59:05

Bangladesh Institute of Capital Market (BICM) has launched Master’s Programme on capital market with a view to create skilled manpower. The programme has been launched on completion of the BI...

Most listed banks offer higher dividends for 2020

Most listed banks offer higher dividends for 2020

BABUL BARMAN 2021-05-11 10:53:49

Most of the listed banks have declared higher dividends for the year ended on December 31, 2020 than that of the previous year as the profit margins rose due to relaxed provisioning amid ongoing pande...

South Bangla Bank's IPO proposal approved

South Bangla Bank's IPO proposal approved

FE REPORT 2021-05-10 12:58:13

The securities regulator has approved the IPO (initial public offering) proposal of South Bangla Agriculture & Commerce Bank (SBAC) which will raise Tk 1.0 billion from the capital market. The ap...