The Financial Express

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AIT on common wheat import waived

FE REPORT 2020-12-15 10:04:27

The National Board of Revenue (NBR) has waived advance income tax (AIT) on import of common wheat. The NBR's Income Tax Wing published a gazette notification on December 9, waiving the tax on common...

38 NRBs to get CIP status

FE ONLINE REPORT 2020-12-14 16:58:47

The government has selected 38 non-resident Bangladeshis (NRBs) to award commercially important person (CIP) status for their significant role in the country’s economy. The Ministry of Expatria...

Stocks stay afloat as large-cap stocks keep gaining

FE ONLINE REPORT 2020-12-14 16:52:05

Stocks extended the winning streak for the fourth straight session on Monday as investors put a fresh stake on stocks amid growing confidence in the market. DSEX, the key index of the Dhaka Stock Exc...

Bourses open higher amid rising turnover

FE ONLINE REPORT 2020-12-14 11:02:30

Stocks on both the bourses witnessed an upward trend in the early trading on Monday as bargain hunters kept showing their buying binge on sector-wise issues amid positive expectation. Following the p...

Stimulus, remittances cause liquidity glut on the banks

Siddique Islam 2020-12-14 08:58:37

The advance-deposit ratio (ADR) of the country's banking sector dropped in September 2020 as stimulus money and remittances swelled deposits as against slower credit growth, bankers say. The ADR - a...

DSEX exceeds 5,100-mark riding on large-cap stocks

FE Online Report 2020-12-13 16:09:32

Stocks extended the winning streak with the core index of the Dhaka Stock Exchange (DSE) hitting 16 months high on Sunday riding on regulatory moves and gradual improvement of economic activities. DS...

Confident investors push stocks higher at early trading

FE ONLINE REPORT 2020-12-13 11:17:24

Stocks witnessed an upward trend in early trading on Sunday as bargain hunters showed their buying binge on sector-wise issues amid positive expectation. Following the previous week's upward trend,...

Out-of-pocket healthcare expense pushes 5.0m into poverty a year

FE REPORT 2020-12-13 10:38:08

Catastrophic health expenditure due to rise in non-communicable diseases (NCDs) has been pushing over five million people to below poverty line every year, creating impediment to achieving health-rela...

City Bank, Trust Bank, First Security Islami Bank can raise Tk 14b

FE REPORT 2020-12-13 10:21:27

The stock market regulator has given approval to issue perpetual bonds worth Tk 14 billion in favour of three listed bank - First Security Islami Bank, Trust Bank and City Bank - to strengthen their a...

Plan to integrate southern region indispensable to maximise benefits from Padma Bridge: Economists

FHM HUMAYAN KABIR 2020-12-13 10:20:18

Economists on Saturday urged the government to make 'complementary' investments and prepare a regional integration plan to tap the benefit from the Padma bridge. They have called for upgrading the Mo...

Start-ups face fund crisis to sustain amid pandemic, experts say

-- 2020-12-12 21:38:55

Speakers at a national dialogue said funds crisis are the main challenge amid Corona in creating start-ups. Though many young entrepreneurs are entering the competitive market with new ideas, ultima...

BGMEA says Bangladesh will lose $4.0b in EU sans duty-free gains

-- 2020-12-12 20:12:04

Bangladesh's garment exporters will lose $4 billion if the European Union (EU) ends the duty-free trade benefit for the country following its graduation to a developing nation, according to a study by...

Bangladesh bets on preferential trade terms to boost export earnings

-- 2020-12-12 17:56:04

As Bangladesh looks forward to graduating out of the least developed country (LDC) status in 2024, it's increasingly emphasising on bilateral preferential trade agreement (PTA) and free trade agreemen...

Padma Bridge to initiate industrial revolution in 21 districts, experts say

-- 2020-12-12 17:50:31

Bangladesh’s economy will get a huge boost with the expected ‘industrial revolution’ in 21 southwestern districts after the inauguration of the long-cherished Padma Multi-Purpose Bri...

Dhaka likely to receive $1.0b WB, ADB funds for purchasing corona vaccine

FHM HUMAYAN KABIR 2020-12-12 10:34:00

Two major lenders are expected to provide US$1.0 billion in loans to help Bangladesh procure Covid-19 vaccines, officials said on Friday. Both the World Bank (WB) and the Asian Development Bank (AD...

Bangladesh's imports may be costlier due to freight charges

JASIM UDDIN HAROON 2020-12-12 08:53:15

The global shipping crisis has fuelled freight charges, thus making the country's imported items costlier, businesses said on Friday. Shipping schedules around the world were disrupted by the pandemi...

BB imposes additional 1.0pc general provision against unclassified loans

SIDDIQUE ISLAM 2020-12-11 11:08:43

The central bank has imposed an additional 1.0 per cent general provision against all unclassified loans aiming to improve financial health along with the shock-absorbing capacity of banks, officials...

Dhaka needs to join RCEP or enter a deal, suggest stakeholders

FE REPORT 2020-12-11 10:48:33

Experts and analysts during a webinar on Thursday said Bangladesh may face challenges in attracting foreign direct investment (FDI) for formation of China-led Regional Comprehensive Economic Partnersh...

Pandemic era poor be covered by safety schemes, analysts ask govt

FE REPORT 2020-12-11 10:36:10

The government needs to enhance the coverage of social protection by adding new poor to the new plans for tackling the second wave of coronavirus, experts said on Thursday. For proper execution of th...

Bangladeshi banks see no competitive atmosphere, says ex-governor

FE REPORT 2020-12-11 10:23:17

Former governor of Bangladesh Bank Dr Mohammed Farashuddin on Thursday said the country's private commercial banks are dictating banking policies. He also held responsible the domination of private b...

Tk 276b shortfall in NBR's tax earning in five months

DOULOT AKTER MALA 2020-12-11 09:32:28

The revenue authority faced a Tk 275.56 billion shortfall in tax collection until November of the current fiscal year against its target due to sluggish economic activities amid the Covid-19 pandemic....

Policymakers urged to shun 'growth obsession’, address inequality instead

FE REPORT 2020-12-11 08:55:47

Speakers at a discussion on Thursday urged the government to redefine the development strategy from the economic growth-centric paradigm to reducing inequality and disparity. They have suggested maki...

‘Reference point’ for Dutch-Bangladesh investment collaboration launched

FE ONLINE REPORT 2020-12-10 23:15:35

A new study has identified a number of key areas for entrepreneurial engagements between Bangladesh and the Netherlands, to scale up bilateral development cooperation. The Bangladesh Embassy in the N...

Stocks keep gaining amid rising turnover

FE Online Report 2020-12-10 16:30:41

Stocks extended the gaining streak for the second straight session on Thursday as bargain hunters continued their buying spree on sector-wise issues amid optimism. DSEX, the key index of the Dhaka St...

Stocks open higher amid rising confidence in investors

FE ONLINE REPORT 2020-12-10 11:10:04

Stocks on both the bourses witnessed an upward trend in the early trading on Thursday as bargain hunters were showing their buying binge on sector-wise issues amid positive expectation. Following the...

IPO of Sonali Life Insurance approved

FE REPORT 2020-12-10 11:09:39

The stock market regulator has approved the IPO (initial public offering) proposal of Sonali Life Insurance Ltd which will raise a capital worth Tk190 million under the fixed price method. The sec...

Bangladesh's 90pc extreme poor families earn less than 1.0 dollar a day

FE REPORT 2020-12-10 08:45:53

As much as 90 per cent extreme-poor families have a paltry monthly income of Tk 2,000 (US$23.80). The World Bank (WB) considers an individual living on or below $1.25 per day as extreme poor. Furthe...

Banks fail to disburse over 50pc of stimulus funds to small businesses

-- 2020-12-09 18:52:38

A full recovery of the economy from the coronavirus crisis is still uncertain as more than half the funds from stimulus package for the cottage, micro, small and medium enterprises (CMSMEs) remain und...

Pandemic slows safety reforms in Bangladesh's ship-breaking industry

-- 2020-12-09 17:18:21

The coronavirus pandemic has slowed efforts to make safer the often hazardous job of dismantling old ships in Bangladesh, officials said, following the latest worker fatality. Covid-19 temporarily sh...

Janata Bank in US makes no headway in recovering stolen money

FE Online Desk 2020-12-09 17:11:48

A subsidiary of the state-owned Janata Bank in New York, which lost $603,947 equivalent to Tk 51 million sometime before February 2020, is yet to recover the money allegedly stolen by a hired officer....