The Financial Express

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Govt to follow direct procurement method for vaccines

-- 2020-12-02 19:11:23

The government has decided to follow the direct procurement method (DPM) for procuring the vaccines for the Covid-19 considering it as a matter of urgent state necessity. The Cabinet Committee on Eco...

Stocks extend gaining streak for two straight sessions

FE ONLINE REPORT 2020-12-02 15:30:43

Stocks extended the gaining streak for two straight sessions on Wednesday as optimistic investors continued their buying spree on large-cap issues amid optimism. DSEX, the key index of the Dhaka Stoc...

IPO subscription of Lovello Ice Cream begins Jan 3

FE ONLINE REPORT 2020-12-02 11:05:02

The IPO subscription of Lovello Ice Cream, an ice cream brand of Taufika Foods and Agro Industries, is set to open on January 3, 2021, aiming to raise Tk 300 million. The IPO subscription for shares...

Import duties worth Tk 62b stuck in court cases

FE REPORT 2020-12-02 10:05:27

The National Board of Revenue (NBR) is failing to realise some Tk 62 billion import duty that is stuck with 15,777 pending cases, officials have said. The huge sum is blocked, as importers prefer t...

Remittance inflow grows over 41pc in five months

SIDDIQUE ISLAM 2020-12-02 09:05:20

The flow of inward remittances reached $10.90 billion in the first five months of the current fiscal year (FY 2020-21), registering an increase of more than 41 per cent, despite the ongoing Covid-19 p...

Bangladesh won’t fall into debt trap: Momen

FE Online Report 2020-12-01 19:36:00

Bangladesh will not fall into the so-called debt trap due to its borrowing from China or India, Foreign Minister Dr AK Momen said on Tuesday. Many critics argue that since Bangladesh has undertaken a...

Bangladesh’s coastal communities deserve benefits from the blue economy: People’s Tribunal

FE ONLINE REPORT 2020-12-01 19:29:23

Exploitation of Bangladesh’s marine resources may result in loss of bio-diversity and exclusion of coastal communities unless issues of rights and environment are addressed, a panel of inter-sta...

Ecnec okays much-sought third submarine cable project

-- 2020-12-01 18:05:31

The Executive Committee of the National Economic Council (Ecnec) on Tuesday cleared four development projects, including Tk 6.93 billion (Tk 693-crore) one to install the third submarine cable. The s...

Stocks open month on a high note

FE ONLINE REPORT 2020-12-01 16:28:27

Stocks ended higher on Tuesday, the first trading day of the December month, as bargain hunters showed a buying spree on lucrative issues. DSEX, the key index of the Dhaka Stock Exchange (DSE), went...

Dhaka eyes $1.2b WB hard-term loan for three development projects

FHM HUMAYAN KABIR 2020-12-01 09:01:07

Bangladesh is likely to seek a hard-term World Bank (WB) loan worth US$ 1.2 billion to finance three of its development projects, officials said on Monday. They said the country may have to choose th...

Non-performing loans shown to have dropped but still close to Tk 1.0tn

SIDDIQUE ISLAM 2020-12-01 08:37:00

The default loans dropped slightly in September last as the central bank suspended the routine exercise of classification to help businesses overcome the adverse impact of Covid-19 pandemic. The volu...

NBR chairman in favour of special tax benefits to prevent money laundering

-- 2020-11-30 23:27:19

National Board of Revenue (NBR) Chairman Abu Hena Md Rahmatul Muneem has said ‘special tax benefits’ can be given to those who are laundering money abroad for fear of paying taxes in the c...

Dominage Steel to make debut on Wednesday

FE ONLINE REPORT 2020-11-30 18:49:22

Dominage Steel Building Systems will make its shares trading debut on Wednesday on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) under ‘N’ category. The board of dire...

NBR extends deadline for tax returns until Dec 31

FE ONLINE REPORT 2020-11-30 16:46:41

The National Board of Revenue (NBR) has extended the deadline for tax return submission by individual taxpayers until December 31. The NBR Chairman Abu Hena Md Rahmatul Munim on Monday said the deadl...

Olympic to import new machinery worth Tk 420m

FE ONLINE REPORT 2020-11-30 12:05:14

Olympic Industries Limited has decided to import new types of machinery at an estimated cost of Tk 420 million to produce new premium varieties of Cracker and Hard Dough Biscuits to meet the growing d...

Bourses open lower as investors remain cautious

FE ONLINE REPORT 2020-11-30 11:13:23

Stocks on both the bourses witnessed a downward trend in the early trading on Monday amid slow movement of indices as investors mostly followed a cautious approach. Following the previous four days&r...

BSEC chief asks asset management companies to restore investors' confidence

FE Report 2020-11-30 10:22:16

The chairman of the securities regulator has asked the asset management companies (AMCs) to ensure their due role in turning the mutual funds (MFs) into safe investment tools. The chairman of the B...

Bonds to be made tradable through beneficiary owners' accounts

FE REPORT 2020-11-30 09:47:50

A high-profile meeting on Sunday decided to take steps to make all kinds of bonds, including Treasury bond (T-bond), tradable through investors' BO (beneficiary owner's) accounts by removing existing...

Regulator to scan non-life insurers' bank accounts

SYFUL ISLAM 2020-11-30 08:37:29

The insurance regulator is set to scrutinise the bank accounts of all non-life insurers as part of its efforts to protect the interests of the policyholders and establish good governance in the compan...

National Income Tax Day on Monday

-- 2020-11-29 19:12:04

The ‘National Income Tax Day-2019’ will be observed on Monday across the country aiming to create awareness among the people for payment of income tax regularly. The National Board of Rev...

Insurance shares lift markets higher

FE ONLINE REPORT 2020-11-29 16:42:09

Stocks extended the winning streak for the fourth straight session on Sunday amid volatile trading as investors continued their bargain hunting on sector-specific stocks. DSEX, the core index of the...

Private external debt drops in FY20

FE Online Report 2020-11-29 11:53:57

External debt to the country’s private sector declined in the past fiscal year (FY20) mainly due to the outbreak of Covid-19. Statistics available with Bangladesh Bank showed that outstanding s...

Stocks witness positive trend on BSEC move

FE ONLINE REPORT 2020-11-29 11:32:03

Stocks witnessed a positive trend in early trading on Sunday as bargain hunters remained active on the sector-specific issues. Following the previous week’s modest correction, the Dhaka Stock E...

Dhaka's foreign aid receipt up by about 20pc in July-Oct

FE REPORT 2020-11-28 10:26:15

Bangladesh's foreign aid inflow boosted in the first four months of the current fiscal year (FY), 2020-21, as the development partners disbursed 19 per cent higher funds than the corresponding period...

Bangladesh starts sending workers abroad

ARAFAT ARA 2020-11-28 08:41:08

Bangladesh has started sending workers abroad with jobs after months of uncertainty triggered by the Covid-19 pandemic. The Bureau of Manpower, Employment and Training (BMET) data showed that a total...

Supply chains of contract manufacturers to be more traceable thru VAT guideline

FE REPORT 2020-11-27 10:40:09

The contract manufacturers will enjoy a simplified VAT process for the production and supply of goods under a new guideline. The National Board of Revenue (NBR) issued the guideline on Tuesday to hel...

Deadline for disbursing stimulus money among smaller enterprises extended

SIDDIQUE ISLAM 2020-11-27 09:43:05

The central bank has extended the deadline further to implement the stimulus package for cottage, micro, small and medium enterprises (CMSMEs) from November 30 to December 31. It has also relaxed reg...

Dhaka-Thimphu to ink PTA deal next month, says Bhutanese envoy

-- 2020-11-26 20:38:29

Bhutan will sign the Preferential Trade Agreement (PTA) with Bangladesh in December to further enhance trade and commerce between the two countries. "All necessary works on the PTA have been complete...

BSEC searches for billions in unclaimed, undistributed dividends

-- 2020-11-26 19:06:08

Bangladesh Securities and Exchange Commission (BSEC) has begun searching for billions of Takas in unclaimed and undistributed dividends announced by the listed companies for their investors. The capi...

Switzerland keen to deepen economic ties with Bangladesh, says envoy

UNB 2020-11-26 18:21:26

Switzerland wants to strengthen and widen its ties with Bangladesh to explore ‘amazing potential’ together as Bangladesh is set to celebrate its 50 years of independence next year with Vis...