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Baraka Power’s net profit jumps 51pc in nine months

FE ONLINE Report 2020-06-08 10:35:49

The net profit of Baraka Power Ltd rose more than 51 per cent year-on-year in the nine months for July, 2019 to March, 2020. The board of directors of the company in a meeting on Sunday approved the...

Listed banks can now disburse cash dividend

FE REPORT 2020-06-08 10:14:00

The central bank has now allowed the listed banks to disburse cash dividend for 2019 to individual investors (local and foreign) within September 30. The Bangladesh Bank (BB) issued a circular to thi...

Time to start multi-pronged initiatives to weather fallout

FE REPORT 2020-06-08 09:50:08

Speakers at a programme on Sunday suggested a host of measures to help the country's economy weather Covid-19 fallout. The measures include mid- and long-term plans to generate new employment opportu...

Budget for FY '21: Govt set to target $2,326 per-capita income

FHM Humayan Kabir 2020-06-08 09:43:48

The government is going to raise the country's per capita income target by $153 to US$2,326 in the next fiscal, despite the economic impact of the coronavirus pandemic, officials said on Saturday. Th...

Achieving tax target tall order, says CPD

FE REPORT 2020-06-08 09:30:29

Achieving the tax collection target set by the National Board of Revenue or NBR for fiscal year 2020-21 is "impossible," analysts said calling the goal "unrealistic." They made the remarks while spea...

‘Transition of stimulus packages should be transparent’

-- 2020-06-07 23:06:37

World Bank Country Director Mercy Miyang Tembon has said the transition of stimulus packages, announced to minimise the impact of COVID-19 pandemic, should be transparent. She also suggested enhancin...

Stocks post modest gains, snapping four-day losing streak

FE ONLINE REPORT 2020-06-07 15:26:46

Stocks on both the bourses posted modest gains on Sunday, snapping a four-day losing streak, as some investors showed their buying binge on selective categories. DSEX, the key index of the Dhaka Stoc...

Growth rate may come down to 2.50pc: CPD

FE Online Report 2020-06-07 14:07:54

Centre for Policy Dialogue (CPD), a leading think-tank of the country, projected that the growth rate of Gross Domestic Product (GDP) would be 2.50 per cent in the current fiscal year (FY20) due to th...

Stocks post slight gain at open amid low turnover

FE Online Report 2020-06-07 11:40:20

Stocks on both the bourses witnessed a slight gain trend at opening on Sunday despite investors’ concerns over the worsening COVID-19 situation and the floor prices mechanism kept the market alm...

RN Spinning Mills decides to reduce paid-up capital

FE Online Report 2020-06-07 10:31:27

The board of directors of RN Spinning Mills has decided to reduce its paid-up share capital by issuing 1 share against existing 7 shares (7:1) of Tk 10 each to the existing shareholders. The reductio...

Health experts, economists for lockdown, curfew

FE REPORT 2020-06-07 10:13:07

Health experts and economists have urged the government to impose a strict lockdown along with a curfew for at least a month to contain the spread of COVID-19. They said one or two weeks' lockdown wo...

Formation of special fund: Scheduled banks asked to submit info on daily basis

Mohammad Mufazzal 2020-06-07 10:03:18

Bangladesh Bank (BB) has asked the scheduled banks to submit information on daily basis regarding the formation of the special fund earlier announced to support the country's ailing capital market....

ACME Lab’s net profit drops slightly in nine months

FE Online Report 2020-06-07 09:54:27

ACME Laboratories Ltd’s net profit after tax fell slightly by 1.74 per cent year-on-year in the nine months for July, 2019 to March, 2020. The board of directors of the company in a virtual mee...

Chinese investment: Government picks 17 'priority' projects

MIR MOSTAFIZUR RAHAMAN 2020-06-07 09:39:56

The government has selected a total of 17 development projects worth US$11.5 billion as priority ones for Chinese investment. The list of priority projects has been prepared in line with the decision...

BGBA seeks reduction of AIT to 5.0pc in next budget

FE ONLINE REPORT 2020-06-06 15:53:11

Bangladesh Garment Buying House Association has demanded a reduction in Advance Income Tax (AIT) to 5.0 per cent from the existing 10 per cent in the next budget. “Due to the ongoing coronaviru...

LafargeHolcim tops Sustainalytics ESG Rating in construction materials sector

FE DESK REPORT 2020-06-06 10:24:56

Sustainalytics, a global leader in environmental, social and governance risks (ESG) and Corporate Governance research and ratings, published its latest LafargeHolcim ESG Risk Rating. Of all 101 const...

Weekly Review: Twin perils hit stocks hard

Babul Barman 2020-06-06 10:17:51

Stocks plunged in the outgoing week, the first week after two months break, as the growing tension over the impacts of Covid-19 pandemic and the new 'floor price' system. Both the perils kept investo...

10pc hike in ADP outlay for agri sector likely

Yasir Wardad 2020-06-06 09:35:27

Allocation for the agriculture sector is set to rise by 10 per cent in the development budget for the fiscal year (FY) 2020-21. The basic objective behind earmarking higher allocation for the agric...

Ministry prods SoBs over virus stimulus packages

FE REPORT 2020-06-06 09:32:51

The ministry of finance (MoF) has asked the state-owned banks (SoBs) to expedite steps to implement the stimulus packages that the government announced to help recoup the impacts of Covid-19 pandemic...

Insurers hit hard by pandemic

FE REPORT 2020-06-06 09:26:02

The gross premium of 33 life insurance companies rose by nearly 7.0 per cent in 2019 before the arrival of the novel coronavirus in the country. The rate for 46 non-life insurers also grew by nearly...

Foreign currency reserve, annual remittance hit record

-- 2020-06-05 22:43:00

Expatriate Bangladeshis sent around $16.56 billion in remittance until June 3 of the current fiscal 2019-20, which is all-time high of any fiscal. “As of June 30, in previous fiscal year, Bangl...

Public opinion sought on draft rules for issuance of debt securities

FE Report 2020-06-05 10:07:07

The securities regulator has sought public opinion on the draft rules formulated for issuance of debt securities including the green bond. The stakeholders will be allowed to submit their opinions on...

Prime Bank's net profit grows 18 per cent in Q1

FE DESK REPORT 2020-06-05 10:03:13

Prime Bank Limited has earned a net profit of Tk 510 million in the first quarter (Q1) of 2020 on solo basis, registering a growth of 18 per cent over the corresponding period of 2019. The bank has a...

FIs seek refinancing fund of Tk 100 billion

FE REPORT 2020-06-05 10:00:28

Prime Minister Sheikh Hasina joined a ceremony on Thursday via video conference where a delegation of Bangladesh Leasing and Finance Companies Association (BLFCA) donated Tk 95 million to the Prime...

Delta Hospital applies to withdraw IPO proposal

FE Report 2020-06-05 09:59:47

Delta Hospital has applied to withdraw its IPO (initial public offering) proposal to avoid the non-compliances to be created on the company's listing with the share price determined by eligible inve...

Import-export thru' Benapole halted since March 23

Doulot Akter Mala 2020-06-05 09:53:13

Import-export activities with India through the country's largest land-port Benapole have remained almost stalled since March 23, raising serious concerns over supply chain disruption of essentials....

Thousands of garment workers lose jobs

MONIRA MUNNI 2020-06-05 09:46:40

Thousands, mostly garment operatives, have lost their jobs in what industry insiders describe as a fall in production and work orders amid the Covid-19 pandemic. Some 67 factories, including seven no...

IMF almost halves GDP growth rate

SIDDIQUE ISLAM 2020-06-05 09:46:29

The International Monetary Fund or IMF has lowered GDP growth projection for Bangladesh to 3.8 per cent for fiscal year 2019-2020 from its earlier estimate of 7.4 per cent in the aftermath of the pand...

Private sector credit growth drops further

FE REPORT 2020-06-05 09:41:06

Private sector credit growth decelerated further in April due to lower credit demand following supply chain disruption caused by the coronavirus pandemic, bankers said. The growth in credit flow to t...

Enforce 'hard' lockdown

FE REPORT 2020-06-05 09:32:33

Economic policy experts, private sector leaders and health professionals have suggested enforcement of a 'hard' lockdown in the country for some days to help control an unmanageable spike in Covid-19...