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The Financial Express

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Marico Bangladesh declares 200pc final cash dividend

Marico Bangladesh declares 200pc final cash dividend

FE ONLINE REPORT 2021-04-28 11:21:16

The board of directors of Marico Bangladesh has recommended a 200 per cent final cash dividend for the year ended on March 31, 2021. Thus, the multinational company declared a total of 900 per cent c...

Stocks rise marginally at opening

Stocks rise marginally at opening

FE ONLINE REPORT 2021-04-28 11:06:28

The market opened marginally higher on Wednesday after a sharp decline in the previous day as bargain hunters showed buying appetite riding on regulatory moves. The stock market regulator has allow...

Sonali Life's IPO subscription opens May 30

Sonali Life's IPO subscription opens May 30

FE REPORT 2021-04-28 10:30:41

The IPO subscription of Sonali Life Insurance Company will open from May 30, aiming to raise Tk 190 million under the fixed price method. The life insurer's initial public offering (IPO) subscripti...

Execution of directive on margin loan interest cap deferred till January next

Execution of directive on margin loan interest cap deferred till January next

FE REPORT 2021-04-28 10:21:00

The securities regulator has deferred the implementation of its directive regarding the cap on margin loan interest for another six months until January 1, 2022, considering the interest of the invest...

Yields on Bangladesh Government Treasury Bonds drop notably

Yields on Bangladesh Government Treasury Bonds drop notably

Siddique Islam 2021-04-28 10:14:01

The yield on Bangladesh Government Treasury Bonds (BGTBs) dropped significantly on Tuesday, as the commercial banks preferred to invest their excess funds in the securities due to the ongoing lockdown...

IDRA bans issuance of handwritten or printed paper receipts

IDRA bans issuance of handwritten or printed paper receipts

Raihan M Chowdhury 2021-04-28 10:11:26

Insurance Development and Regulatory Authority of Bangladesh (IDRA) has introduced a digital e-receipt service aimed at putting an end to the issuance of handwritten or printed paper receipts issued b...

Tax revenue soars 22.65pc in March

Tax revenue soars 22.65pc in March

DOULOT AKTER MALA 2021-04-28 09:54:15

Tax revenue collection in the month of March registered a hefty 22.65 per cent growth despite Covid-19 pandemic thanks to a surge in import of goods. According to data of the National Board of Revenu...

Pandemic-induced boom in e-commerce adds jobs in Bangladesh

Pandemic-induced boom in e-commerce adds jobs in Bangladesh

-- 2021-04-27 11:14:57

A boost in e-commerce business fuelled by the trend of staying home amid the coronavirus pandemic has generated jobs in the sector while other areas of the economy are struggling to cope up with the s...

Stocks fall sharply at opening

Stocks fall sharply at opening

FE ONLINE REPORT 2021-04-27 11:07:12

The market tumbled at the opening on Tuesday amid growing concern over the Covid-19 pandemic that ravaged India. The market fell sharply as soon as the market opened the DSEX, the prime index of the...

BSEC appoints two independent directors at Agni Systems

BSEC appoints two independent directors at Agni Systems

FE REPORT 2021-04-27 10:38:32

The stock market regulator has appointed two independent directors to Agni Systems in compliance with mandatory shareholding rules as the company's sponsor-directors failed to hold minimum 30 per ce...

Crystal Insurance to pay 10pc cash dividend for 2020

Crystal Insurance to pay 10pc cash dividend for 2020

FE ONLINE REPORT 2021-04-27 10:25:01

Crystal Insurance Company, which was listed on the stock market in December 2020, has recommended a 10 per cent cash dividend for the year ended on December 31, 2020. The final approval of the divide...

NCC Bank declares 15pc dividend for 2020

NCC Bank declares 15pc dividend for 2020

FE ONLINE REPORT 2021-04-27 10:20:58

The board of directors of National Credit and Commerce (NCC) Bank has recommended 7.50 per cent cash and 7.50 per cent stock dividend for the year ended on December 31, 2020. The final approval of th...

Banks can form start-up fund with 1.0pc of net profits

Banks can form start-up fund with 1.0pc of net profits

SIDDIQUE ISLAM 2021-04-27 09:32:43

The central bank has amended its policy allowing all banks to form their own start-up fund with 1.0 per cent of net profits instead of operating ones earlier, officials said. To provide start-up entr...

Prospect of hitting boro rice purchase target remains clouded

Prospect of hitting boro rice purchase target remains clouded

TALHA BIN HABIB AND YASIR WARDAD 2021-04-27 09:28:13

The government's target to procure 1.8-million tonnes of Boro rice this year may not be achieved as the millers find the prices offered unattractive. On Monday, food minister Shadhan Chandra Majumder...

Stocks slide marginally at opening

Stocks slide marginally at opening

FE ONLINE REPORT 2021-04-26 11:01:47

Stocks on both the bourses fell marginally at opening on Monday as risk-averse investors opted for booking profits on quick-gaining stocks. The market opened slightly lower this morning as DSEX, the...

Yields on treasury bills drop

Yields on treasury bills drop

SIDDIQUE ISLAM 2021-04-26 10:29:41

The yield on treasury bills (T-bills) dropped further on Sunday as the commercial banks having excess liquidity rushed to offer bids in the auction due to the ongoing lockdown, bankers said. The cut-...

12m families to get Tk 5.74b from government

12m families to get Tk 5.74b from government

FE REPORT 2021-04-26 10:28:45

A total of over 12 million families would be benefited from the government's financial allocation of over Tk 5.74 billion during the Covid-19 pandemic, said the State Minister for Disaster Management...

Bangladesh National Insurance declares 15pc cash dividend

Bangladesh National Insurance declares 15pc cash dividend

FE ONLINE REPORT 2021-04-26 10:19:09

The board of directors of Bangladesh National Insurance Company has recommended a 15 per cent cash dividend for the year ended on December 31, 2020. The final approval of the dividend will come durin...

Nikkei Asia praises Bangladesh's growth, govt efforts during pandemic

Nikkei Asia praises Bangladesh's growth, govt efforts during pandemic

UNB 2021-04-25 21:35:07

Nikkei Asia, in its recent article, praised Bangladesh's growth describing how the economy has boomed and exports soared. The article also described how Bangladesh's economy has even exhibited resili...

Stocks soar at opening amid easing of lockdown worries

Stocks soar at opening amid easing of lockdown worries

FE ONLINE REPORT 2021-04-25 12:30:27

Stocks opened higher on Sunday as optimistic investors continued their buying appetite on sector-wise issues amid the easing of lockdown worries. The market jumped in early trading and DSEX, the benc...

Ten largest companies grab 44pc market capitalisation of DSE

Ten largest companies grab 44pc market capitalisation of DSE

Babul Barman 2021-04-25 12:01:58

Ten largest listed companies in terms of market capitalisation accounted for 44 per cent of the Dhaka bourse's total market-cap as of Thursday thanks to rising shares prices of large-cap companies....

Janata Insurance declares 6.0pc cash, 5.0pc stock dividend

Janata Insurance declares 6.0pc cash, 5.0pc stock dividend

FE ONLINE REPORT 2021-04-25 10:48:31

The board of directors of Janata Insurance Company has recommended 6.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2020. The final approval of the dividend will c...

Pandemic hits hard Bangladesh's aquaculture sector: Study

Pandemic hits hard Bangladesh's aquaculture sector: Study

FE REPORT 2021-04-24 10:58:11

Despite having potentials, the aquaculture sector in Bangladesh has been affected badly in the wake of the pandemic mainly due to the increased cost of fish feed and sluggish demand, according to a st...

VAT net expansion likely in next budget

VAT net expansion likely in next budget

FE REPORT 2021-04-24 09:35:59

The National Board of Revenue (NBR) intends to expand the VAT (value-added tax) net instead of raising the VAT rate in the budget for the next fiscal year (FY), said its VAT (policy wing) member Md...

LIBOR phaseout may lead to interest-rate volatility

LIBOR phaseout may lead to interest-rate volatility

JASIM UDDIN HAROON 2021-04-24 09:18:35

The interest rate of the country's many foreign borrowings is likely to go up, as the London Interbank Offered Rate (LIBOR) will cease to be effective in the case of most currencies, including the U...

BSEC relaxes rules for submission of financials until May 25

BSEC relaxes rules for submission of financials until May 25

FE REPORT 2021-04-23 10:43:44

The stock market regulator has temporarily relaxed the listing regulations or other securities laws for all the listed companies relating to the requirements of monthly/quarterly submissions until May...

High ambition, low capacity responsible for widening revenue shortfall

High ambition, low capacity responsible for widening revenue shortfall

Doulat Akter Mala 2021-04-23 09:31:48

The tax revenue target and the capacity of the National Board of Revenue (NBR) are ill-matched. That is one of the major reasons for the widening shortfall in revenue collection, Mr Farid Uddin, a f...

Stocks keep gaining for eight straight sessions

Stocks keep gaining for eight straight sessions

FE ONLINE REPORT 2021-04-22 16:41:03

Stocks ended marginally higher on Thursday, extending the gaining streak for the eight straight sessions, as investors continued to show their appetite on sector-wise issues despite the ongoing county...

Stocks open marginally lower amid lockdown

Stocks open marginally lower amid lockdown

FE ONLINE REPORT 2021-04-22 11:18:22

Stocks opened marginally lower on Thursday as cautious investors book profits on sector-wise issues amid lockdown. The presence of investors on the trading floor remained very thin due to the ongoing...

Ten most-traded stocks grab 48pc turnover

Ten most-traded stocks grab 48pc turnover

FE REPORT 2021-04-22 10:43:57

Bangladesh Export Import Company (Beximco) - the flagship company of Beximco Group, continued to lead the Dhaka bourse's turnover list while the ten most-traded stocks grabbed 48 per cent transactio...