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The Financial Express

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Regent Textile to acquire 99pc shares of Legacy Fashion

Regent Textile to acquire 99pc shares of Legacy Fashion

FE REPORT 2020-10-21 10:53:39

Regent Textile Mills, a listed company, will acquire 99 per cent shares of Legacy Fashion at a value of Tk 830.115 million based on net asset value reported in the financial statement for the year end...

Tax revenue collection getting over pandemic hangover

Tax revenue collection getting over pandemic hangover

DOULOT AKTER MALA 2020-10-21 10:47:09

Tax revenue collection started gaining momentum gradually after the Covid-19 pandemic fallout, posting 4.11 per cent growth in the first quarter (Q1) of the current fiscal year (FY), 2020-21, compared...

IFC survey finds less than 1.0pc Bangladeshi MSMEs get stimulus funds

IFC survey finds less than 1.0pc Bangladeshi MSMEs get stimulus funds

FE REPORT 2020-10-21 09:34:20

Only 0.4 per cent of the country's micro, small and medium enterprises (Msmes) received financing from banks and financial institutions under the government's packages to recover from the Covid-19 p...

Dhaka's access to GSP-plus subject to rights and governance reforms: EU

Dhaka's access to GSP-plus subject to rights and governance reforms: EU

MIR MOSTAFIZUR RAHAMAN 2020-10-21 09:32:06

Bangladesh will not get the 'Generalised Scheme of Preferences (GSP)-Plus' facility until it implements the 27 core UN conventions on labour reforms, human rights and governance, says the European Uni...

RMG workers pray for orders as pandemic shreds exports

RMG workers pray for orders as pandemic shreds exports

-- 2020-10-20 21:40:39

Bangladesh garment factory owner Shahidullah Azim laid off 20 per cent of his workers in the wake of the first wave of the coronavirus pandemic. Now watching the second wave build in Europe and the Un...

'Agriculture sector to be worst sufferer of possible second Covid wave'

'Agriculture sector to be worst sufferer of possible second Covid wave'

-- 2020-10-20 21:11:28

Agriculture Minister Muhammad Abdur Razzaque has said the Agriculture sector of the country will be the worst sufferer if the second wave of Coronavirus outbreak hits the country in the upcoming winte...

BB relaxes provisioning against unclassified consumer loans

BB relaxes provisioning against unclassified consumer loans

FE Online Report 2020-10-20 18:52:55

The central bank of Bangladesh has relaxed provisioning against unclassified loans of all categories under consumer financing, excluding house finance to expedite the flow of consumer loans in the ban...

Dhaka stocks maintain positive trend at midday

Dhaka stocks maintain positive trend at midday

FE Online Report 2020-10-20 12:47:13

Dhaka bourse on Tuesday opened on positive note and maintained the trend for more than two hours following investors’ increased participations. Traders’ participation was mostly concentra...

Bangladesh seeks stronger trade, investment ties with three European countries

Bangladesh seeks stronger trade, investment ties with three European countries

-- 2020-10-19 23:13:23

Bangladesh has sought enhanced cooperation with Sweden, Spain and Norway on trade and investment front. Three new Ambassadors of Sweden, Spain and Norway to Bangladesh met State Minister for Foreign...

Cut-off price of Lub-rref share set at Tk 30 each

Cut-off price of Lub-rref share set at Tk 30 each

FE ONLINE REPORT 2020-10-19 18:31:53

The cut-off price of shares of Lub-rref (Bangladesh) Ltd, a local lubricant producer, has been fixed at Tk 30 each through electronic bidding by eligible investors. The eligible investors took part i...

IPO bidding of Index Agro begins Nov 1

IPO bidding of Index Agro begins Nov 1

FE Online Report 2020-10-19 17:10:50

The bidding for eligible investors (EIs) to explore the cut-off price of shares of Index Agro Industries Ltd will commence at 5:00pm from November 1. The company’s price bidding through electro...

Bangladesh's 'slow legal system' still impedes FDI: US report

Bangladesh's 'slow legal system' still impedes FDI: US report

SAJIBUR RAHMAN 2020-10-19 10:09:28

A weak and slow legal system along with the lack of enforcement of regulations in Bangladesh is a major impediment to foreign direct investment (FDI), according to a new United States government repor...

BB makes investing in startups easier now

BB makes investing in startups easier now

FE REPORT 2020-10-19 09:52:06

The central bank on Sunday said the new 'risk weight' applicable to investing in 'alternative' investments will remain valid until September, 2022 beginning from the third quarter of this year. An...

Productivity to be 5.6pc by 2031

Productivity to be 5.6pc by 2031

-- 2020-10-18 19:26:47

The government has set a target of increasing productivity in all sectors to 5.6 per cent from the current 3.8 per cent by 2031. The 15th meeting of the National Productivity Council (NPC) held on Su...

Insurance shares lift Dhaka stocks

Insurance shares lift Dhaka stocks

FE ONLINE REPORT 2020-10-18 13:08:10

Dhaka bourse displayed an enthusiastic start on Sunday as gainers took control over the losers following investors' participation in sector-specific stocks. Of the listed securities, insurers dominat...

Dhaka making fresh guidelines for FTAs, PTAs for boosting trade

Dhaka making fresh guidelines for FTAs, PTAs for boosting trade

DOULOT AKTER MALA 2020-10-18 09:57:10

The government has planned to frame a new guideline for preferential and free trade agreements to get prepared for the post-graduation period. Bangladesh is set to graduate from the least-developed c...

Experts recommend single-digit charge for mobile financial service

Experts recommend single-digit charge for mobile financial service

-- 2020-10-18 09:47:10

Experts have suggested that mobile financial service (MFS) providers cut cash-out charges to a single-digit as high transaction costs are keeping marginal people as well as more micro and small enterp...

BSEC slaps two-year lock-in on Robi employees' shares

BSEC slaps two-year lock-in on Robi employees' shares

FE Report 2020-10-18 09:29:35

The securities regulator has imposed a two-year lock-in on Robi Axiata's shares which will be allotted to its employees. The Bangladesh Securities and Exchange Commission (BSEC) has mentioned the loc...

Bangladesh spends least on social protection during pandemic: ESCAP-ILO report

Bangladesh spends least on social protection during pandemic: ESCAP-ILO report

MONIRA MUNNI 2020-10-18 09:27:00

Bangladesh's expenditure in social protection is the lowest in South and Southwest Asia and this poor safeguard system is hampering the resilience to Covid-19, according to a new report. The level of...

Experts suggests single-digit MFS cash-out charge

Experts suggests single-digit MFS cash-out charge

-- 2020-10-17 19:34:12

Experts have suggested bringing down the cash-out charge of mobile financial service (MFS) providers to a single-digit as high transaction cost is keeping marginal people as well as more micro and sma...

Bangladesh ahead of India on Global Hunger Index

Bangladesh ahead of India on Global Hunger Index

-- 2020-10-16 17:13:21

Bangladesh has moved 13 notches up to the 75th place among 107 qualifying countries on the latest Global Hunger Index (GHI), well ahead of neighbouring India. The 2020 Global Hunger Index, jointly pu...

BB asks MFS cos to inform clients about charges of products

BB asks MFS cos to inform clients about charges of products

FE REPORT 2020-10-16 14:34:31

The Bangladesh Bank (BB) has asked all the mobile financial service (MFS) providers to inform the customers about type and charges of the products in details in order to ensure transparency of their s...

ERF permanent office registration completed

ERF permanent office registration completed

FE Online Report 2020-10-15 19:46:56

The Economic Reporters Forum (ERF) completed the registration of its permanent office through a ceremony at its office at Purana Paltan in the capital on Thursday, says a press release. ERF President...

Stocks rebound amid low turnover

Stocks rebound amid low turnover

FE ONLINE REPORT 2020-10-15 15:44:41

Stocks rebounded on Thursday, after remaining flat in the previous session, as optimistic investors showed their buying appetite on sector-specific issues. DSEX, the prime index of the Dhaka Stock Ex...

Mercantile Bank to issue Tk 7.0b Perpetual Bond

Mercantile Bank to issue Tk 7.0b Perpetual Bond

FE ONLINE REPORT 2020-10-15 12:13:21

The board of directors of Mercantile Bank Limited (MBL) has decided to issue Perpetual Bond up to Tk 7.0 billion, said an official disclosure on Thursday. The bank will issue the bond for raising fun...

ACME launches Zolpidem tablet in the US market

ACME launches Zolpidem tablet in the US market

FE ONLINE REPORT 2020-10-15 10:57:35

The ACME Laboratories, the country’s oldest pharmaceutical company, has informed that they had launched Zolpidem (5 mg. and 10 mg.) tablet in the US market through contact manufacturing. The ph...

Covid-19 vaccine purchase may take up to $1.5b for Bangladesh

Covid-19 vaccine purchase may take up to $1.5b for Bangladesh

FHM Humayan Kabir 2020-10-15 09:44:08

The government has estimated that US$1.0 to 1.5 billion will be needed to procure COVID-19 vaccine with external funding, officials said on Wednesday. The estimate by the Ministry of Finance (MoF) ha...

e-banking in the country loses steam in Aug

e-banking in the country loses steam in Aug

JASIM UDDIN HAROON 2020-10-15 09:43:46

The transactions through most of the e-banking channels were poor in August over July in recent months with the increased movement of people. E-commerce transactions fell by Tk. 1.52 billion in Aug...

Bangladesh overtakes India in per capita GDP, IMF says

Bangladesh overtakes India in per capita GDP, IMF says

-- 2020-10-14 16:21:56

Bangladesh has overtaken its much-larger neighbour India in terms of per capita GDP in 2020, owing to a respectable performance on the economic front despite slowing growth coupled with a steep contra...

Stocks end mostly flat after volatile trading

Stocks end mostly flat after volatile trading

FE ONLINE REPORT 2020-10-14 16:11:19

Stocks ended almost flat on Wednesday after choppy trading as investors were active on both sides of the trading fence. Following the previous day’s gain, the market opened higher and the key i...