The Financial Express

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Bangladesh's trade deficit widens

FE Report 2021-03-10 08:22:28

The country's trade deficit has widened by 1.50 per cent or US$145 million in the first seven months of the current fiscal year (FY) because of rising import payment pressure on the economy, officials...

MCCI alleges higher ‘effective’ tax rates hurt businesses

FE Report 2021-03-10 08:17:06

The Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka, on Tuesday alleged withholding taxes were denying the corporate taxpayers the benefits of the cut in their tax rate, made effective in...

Streamlined transport connectivity with India may raise Bangladesh’s national income by 17pc, World Bank says

-- 2021-03-09 17:21:29

Smooth transport connectivity between India and Bangladesh has the potential to increase national income by as much as 17 per cent in Bangladesh and 8.0 per cent in India, says a World Bank repor...

Stocks slip into red on Tuesday snapping three-day winning streak

FE ONLINE REPORT 2021-03-09 16:09:09

Stocks slipped into the red on Tuesday, snapping a three-day winning streak, as risk-averse investors opted for booking profits on quick-gaining stocks. The market moved between positive and negative...

Golden Harvest to enter fast growing E-commerce business

FE ONLINE REPORT 2021-03-09 11:32:36

The board of directors of Golden Harvest Agro Industries, a listed company in the stock market, has decided to invest in the fast-growing E-commerce sector. Under the E-commerce sector business, Gold...

Stocks down marginally at opening

FE ONLINE REPORT 2021-03-09 11:24:29

Stocks witnessed a downward trend in early trading on Tuesday as risk-averse investors opted for booking profits on the quick-gaining stocks. However, Lub-rref (Bangladesh), a local lubricant produce...

Lub-rref's profit climbs 13pc in July-December

FE REPORT 2021-03-09 09:09:09

Lub-rref (Bangladesh), a local lubricant producer, posted higher profits for the July-December period of 2020 just before its debut on the stock market. Lub-rref logged profits of Tk 86.61 million fo...

NBR cautions field-level VAT officials about data tempering

DOULOT AKTER MALA 2021-03-09 09:04:54

The National Board of Revenue (NBR) has now decided to initiate legal proceedings against field-level VAT officials if they are found involved in tampering with the data of Electronic Fiscal Device...

Proactive move for listing good companies emphasised

FE REPORT 2021-03-09 08:56:53

The securities regulator has asked the merchant bankers to play a proactive role to ensure listing of more companies with good fundamentals to enhance depth of the country's capital market. The regul...

Bangladesh-India trade talks turn barren

SYFUL ISLAM 2021-03-09 08:17:40

Bangladesh's proposals have received a lukewarm response from the Indian side at the bilateral meeting on trade issues held in Dhaka on Monday. Dhaka could not derive any concrete result from the m...

DSEX exceeds 5,600-mark after one month

FE ONLINE REPORT 2021-03-08 15:57:11

The benchmark index of the Dhaka Stock Exchange (DSE) crossed the ‘psychological’ threshold of 5,600-mark on Monday after a month as the market ended higher for the third straight session....

DSEX exceeds 5,600-mark at opening

FE ONLINE REPORT 2021-03-08 11:40:51

Stocks opened higher on Monday with the key index crossing the 5600-mark in the early trading as optimistic investors continued their appetite on sector-wise large-cap issues. Within the first hour...

Women entrepreneurs get more than target from stimulus package for smaller units

Munima Sultana 2021-03-08 08:25:23

The women entrepreneurs received 5.7 per cent of the Tk 200 billion stimulus package for CSMEs until February 25 last, according to Bangladesh Bank (BB) data. The banks and financial institutions dis...

E-payment of fees, charges made mandatory

FE Report 2021-03-08 08:18:18

The National Board of Revenue (NBR) has decided to make mandatory the e-payment of its fees and charges. The decision will be implemented in phases, starting from the first day of the next financial...

Stocks end higher with soaring trading activities

FE ONLINE REPORT 2021-03-07 16:14:16

Stocks ended higher on Sunday with soaring trading activities as optimistic investors showed their buying interest on lucrative issues. Following the previous week’s recovery trend, the market...

Stocks soar at opening amid rising turnover

FE ONLINE REPORT 2021-03-07 12:18:24

Stocks opened higher on Sunday amid rising trading activities as optimistic investors showed their appetite on sector-wise large-cap issues. Within the first hour into trade, DSEX advanced more than...

Lub-rref makes trading debut Tuesday

FE Online Report 2021-03-07 11:32:59

Lub-rref (Bangladesh), a local lubricant producer, will make its shares trading debut on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) on Tuesday (March 9) under “N”...

10 companies capture 53.15pc of total market transaction

FE REPORT 2021-03-07 09:01:04

Top 10 turnover leaders grabbed 53.15 per cent of total market transaction featured by the Dhaka Stock Exchange (DSE) in last the week. According to DSE information, top 10 companies featured an aggr...

Bangladesh regulator unlikely to stop issuing IPOs despite sluggish market

MOHAMMAD MUFAZZAL 2021-03-07 08:51:37

The securities regulator is unlikely to put off the process of bringing new IPOs (initial public offerings) in the capital market amid the recent trend of poor transactions. One of the commissioners...

Bangladesh seeks China fund to address rural-urban digital divide

MIR MOSTAFIZUR RAHAMAN 2021-03-07 08:47:50

Bangladesh has sought Chinese investment for a Tk 30-billion project that aims at reducing the 'digital divide'. Finance ministry has recently written to the Chinese government in this regard. The p...

NBR to cross-check wealth statements for detecting tax evasion

DOULOT AKTER MALA 2021-03-07 08:17:34

Wealth statements, furnished by taxpayers in their income tax and VAT returns, will be cross-checked from now on to detect possible tax evasion, according to a recent decision of the National Board of...

eGeneration's price climbs almost 300pc in eight days

FE REPORT 2021-03-06 08:42:45

Share price of eGeneration, one of the leading IT consulting & software solutions companies, soared 294 per cent in the eight trading days after debut. Shares of eGeneration, which raised Tk 150...

Dhaka eyes extended WB support in two years

FHM HUMAYAN KABIR 2021-03-06 08:17:08

Bangladesh may get extended support from the World Bank as it has planned to front-load $82-billion IDA-19 aid package in two years from the current three-year cycle. In a recent IDA borrowers' repre...

Bangladesh is becoming South Asia’s economic bull case: WSJ

-- 2021-03-05 17:29:38

Bangladesh has won plaudits from The Wall Street Journal for the economic strides it has made in recent years in the wake of its graduation from the UN's least-developed-country categorisation. The S...

E-commerce in Bangladesh mostly untaxed still: NBR chief

FE REPORT 2021-03-05 10:57:47

Despite rapid expansion of the e-commerce industry in the country, there hasn't been any effective mechanism to trace and collect revenue from the sector. "It is very difficult to bring the industry...

Bangladesh government's borrowings overshoot target by almost 30pc in June-Jan

FE Report 2021-03-05 10:44:44

The government's net borrowing from the state-sponsored savings instruments stood at Tk 257.02 billion in the first seven months of fiscal year (FY) 2020-21, according to official statistics. The amo...

Stock market tribunal didn't have a single case to deal with in past three years

Mohammad Mufazzal 2021-03-05 10:39:29

A special tribunal created only to deal with stock market-related cases is having an idle time since it does not have any work to do, according to tribunal sources. The situation has been more or les...

Expert body recommended for addressing post-LDC challenges

FE Report 2021-03-05 10:36:23

Trade experts and economists suggested on Thursday that the government form a central committee, comprising specialists from private and public sectors, to devise ways for weathering challenges in the...

Govt in comfortable spending position after economy averts crashing during pandemic

UNB 2021-03-04 19:01:29

With the world economy stricken by the economic crisis brought on by the Covid-19 pandemic, the Bangladeshi economic engine has shown itself to be rather resilient in facing down the crisis and keepin...

Pubali Bank to raise Tk 5.0b through perpetual bonds

FE ONLINE REPORT 2021-03-04 12:47:39

The board of directors of Pubali Bank Ltd has decided to raise Tk 5.0 billion through the issuance of perpetual bonds to strengthen the additional tier-1 capital base. The bank will issue the bond fo...