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Prime Bank recommends 13.50pc cash dividend

Prime Bank recommends 13.50pc cash dividend

FE Online Report 2020-05-15 20:43:43

The board of directors of Prime Bank Ltd has recommended 13.50 per cent cash dividend for the year ended on December 31, 2019. The board of directors of the bank in a meeting held through digital pla...

Stock market to remain shut until May 30

Stock market to remain shut until May 30

FE Report 2020-05-15 09:28:30

The country's two bourses will remain closed until May 30 as the government further extended the ongoing holidays to flatten the spread of deadly coronavirus in the country. This is the seventh time...

Dhaka, Ottawa discuss ways to absorb pandemic shock on economy

Dhaka, Ottawa discuss ways to absorb pandemic shock on economy

FE Report 2020-05-15 09:18:22

Canada has proposed forming an international alliance to address the challenge of the coronavirus pandemic. It has also urged Bangladesh to join the proposed alliance to soften the coronavirus impact...

China Harbour provides foodstuffs for 2000 families in Madaripur   

China Harbour provides foodstuffs for 2000 families in Madaripur  

FE Online Desk 2020-05-14 22:02:18

In the context of ongoing economic hardship caused by COVID-19 pandemic China Harbour Engineering Company Ltd. (CHEC), an international company of China has donated foodstuffs for two thousand distr...

Bangladesh’s stimulus package tops Tk 1.0 trillion

Bangladesh’s stimulus package tops Tk 1.0 trillion

-- 2020-05-14 14:06:43

The government has announced an additional Tk 20 billion stimulus package to assist migrant workers, unemployed youth and rural population during the economic crisis caused by the coronavirus pandemic...

Prof M Khairul ends his 9-yr tenure as BSEC chief today

Prof M Khairul ends his 9-yr tenure as BSEC chief today

Mohammad Mufazzal 2020-05-14 10:06:47

The ever longest period of a chairman of the Bangladesh Securities and Exchange Commission (BSEC) ends today (Thursday) on completion of his era of nine years. Professor M Khairul Hossain is the only...

Singer approves 77pc cash dividend

Singer approves 77pc cash dividend

FE DESK REPORT 2020-05-14 09:40:56

The 40th annual general meeting (AGM) of Singer Bangladesh Ltd was held online on Wednesday. Dr. Fatih Kemal Ebiçlioglu, Chairman, Singer Bangladesh Limited, presided over the meeting. The 4...

SCB's scheme for health workers: Reinsurers loath to take risk

SCB's scheme for health workers: Reinsurers loath to take risk

SYFUL ISLAM and REZAUL KARIM 2020-05-14 09:25:29

With the number of both infections and fatalities on the rise, none of global reinsurers has agreed to partner with Sadharan Bima Corporation (SBC) to launch an insurance scheme for physicians and oth...

BB introduces special repo for one year

BB introduces special repo for one year

-- 2020-05-13 21:20:14

Bangladesh Bank (BB) has introduced a special repurchase agreement (repo) for one year to help the banks and non-bank financial institutions (NBFIs) in providing loans under the government-declared st...

BB relaxes conditions for remittance incentives

BB relaxes conditions for remittance incentives

-- 2020-05-13 17:27:21

Bangladesh Bank has relaxed the conditions for incentives on the money sent by expatriate Bangladeshis to lift up the sinking flow of remittances amid the coronavirus pandemic. As per the relaxed con...

MetLife Bangladesh announces unique  COVID-19 support programme for customers

MetLife Bangladesh announces unique COVID-19 support programme for customers

FE Online Desk 2020-05-13 17:06:45

MetLife Bangladesh on Wednesday announced a new initiative in response to the COVID-19 situation in Bangladesh. The newly-launched programme titled “Sathe Achi – MetLife COVID-19 Customer...

Delta Hospital's cut-off price fixation delayed further

Delta Hospital's cut-off price fixation delayed further

FE Report 2020-05-13 10:52:01

The fixation of cut-off price of Delta Hospital shares has been delayed further as the stock market remained closed in line with the government holidays. The government has extended the ongoing shutd...

Prof Shibli Rubayat to head BSEC

Prof Shibli Rubayat to head BSEC

-- 2020-05-13 09:58:13

The government is set to name Professor Shibli Rubayat Ul Islam, who teaches banking and insurance at Dhaka University, as chairman of Bangladesh Securities and Exchange Commission (BSEC). Prof Shibl...

Nat'l Budget for FY 2020-21: DSE for reduction of corporate tax

Nat'l Budget for FY 2020-21: DSE for reduction of corporate tax

FE Report 2020-05-13 09:34:56

The Dhaka Stock Exchange (DSE) has made 11-points budget proposals including the corporate tax rate cut for the listed companies in the upcoming budget for the fiscal year (FY) 2020-2021. The count...

BB guideline on lending eases for CMSME sector

BB guideline on lending eases for CMSME sector

FE REPORT 2020-05-13 09:16:24

Banks are allowed to provide loans without maintaining internal credit risk rating system (ICRRS) to the cottage, micro, small and medium enterprise (CMSME) sector under the Tk 200-billion stimulus pa...

BSCIC urges 7 banks to give loans to salt farmers

BSCIC urges 7 banks to give loans to salt farmers

-- 2020-05-12 20:01:30

Bangladesh Small and Cottage Industries Corporation (BSCIC) has urged seven banks in Cox’s Bazar to provide loans to salt farmers at 4 per cent interest with rebate facility. The banks are: Son...

‘64pc children say their families facing serious food crisis’

‘64pc children say their families facing serious food crisis’

-- 2020-05-12 19:30:49

A survey by Save the Children in Bangladesh shows that 64 per cent of children from marginalised groups and their families are currently facing serious food crisis amid the coronavirus shutdown. Data...

Planning Commission finalises ADP of Tk 2.05t

Planning Commission finalises ADP of Tk 2.05t

-- 2020-05-12 18:08:06

The Planning Commission on Monday finalised the annual development programme (ADP) involving Tk 2.051 trillion for the next 2020-21 fiscal year. The ADP draft got the approval from the extended meeti...

BSRM Group helps the helpless

BSRM Group helps the helpless

FE Online Desk 2020-05-12 16:52:00

Recently, BSRM Group Employees contributed their one day salary to the Group’s fund raising program to help the helpless during the pandemic. The amount was distributed in three phases. Mr. Mah...

foodpanda introduces insurance for their riders                     

foodpanda introduces insurance for their riders                    

FE Online Desk 2020-05-12 16:28:14

The food delivery platform, foodpanda has taken yet another initiative to help people, especially daily wagers, fight the economic distress caused by lockdowns all across the country. In its newest...

Coca-Cola resumes manufacturing facility in Mymensingh

Coca-Cola resumes manufacturing facility in Mymensingh

FE Online Desk 2020-05-12 16:21:25

Coca-Cola has resumed its manufacturing facility at International Beverages Private Limited (IBPL) in Mymensingh.  The operations began after successful inspection and appraisal by the Government...

Govt releases Tk 4.0-billion cash incentive for exporters

Govt releases Tk 4.0-billion cash incentive for exporters

FE Online Report 2020-05-12 13:12:29

The government has released its fourth installment of cash incentive amounting to Tk 4.0 billion for disbursement among exporters for the fiscal year (FY) 2019-20. The money will be distributed for t...

MoF releases Tk 12.5b for cash support programme

MoF releases Tk 12.5b for cash support programme

FE REPORT 2020-05-12 10:19:59

The ministry of finance (MoF) released on Monday Tk 12.50 billion to provide cash support for five million poor families affected by the coronavirus pandemic. The beneficiaries will receive Tk 2,500...

IPDC Finance declares 10pc cash, 5.0pc stock dividend

IPDC Finance declares 10pc cash, 5.0pc stock dividend

FE DESK REPORT 2020-05-12 09:51:09

The 38th Annual General Meeting (AGM) of IPDC Finance Ltd was virtually held on Monday through a video conferencing. The company declared 10 per cent cash and 5.0 per cent stock dividend for the year...

Resumption of trading during lockdown depends on BSEC, says DSE

Resumption of trading during lockdown depends on BSEC, says DSE

FE REPORT 2020-05-12 09:46:09

The Bangladesh Securities and Exchange Commission (BSEC) is unable to deliver its decision required to resume the trading on the bourses as the regulatory body cannot hold its commission meeting due t...

Standard Bank's net profit jumps 243pc in Q1

Standard Bank's net profit jumps 243pc in Q1

FE Report 2020-05-12 09:45:03

The net profit of Standard Bank surged 243 per cent year-on-year to nearly Tk 365 million in the first quarter (Q1) for January-March, 2020 despite ongoing Covid-19 pandemic. The board of directors o...

Big taxpayers targeted to beat shortfall

Big taxpayers targeted to beat shortfall

Doulot Akter Mala 2020-05-12 09:29:44

The National Board of Revenue, or NBR, will step up its focus on large taxpayers until June of the current fiscal year after it has found VAT collection slipped by nearly 40 per cent last month. The...

BRAC Bank net profit rises to BDT 5,646m in 2019

BRAC Bank net profit rises to BDT 5,646m in 2019

FE Online Desk 2020-05-12 00:42:51

As the nation-wide COVID-19 shutdown continues, BRAC Bank held its earning disclosure for financial year 2019 through an online virtual platform. Local and foreign investment analysts, media profes...

BB asks banks not to disburse cash dividend till Sept 30

BB asks banks not to disburse cash dividend till Sept 30

-- 2020-05-11 22:00:29

Bangladesh Bank (BB) has asked the banks not to disburse cash dividend till September 30 with an aim to boost the fund flow in the banking system during the coronavirus outbreak. The central bank on...

Unilever's jt initiative to combat Covid-19

Unilever's jt initiative to combat Covid-19

FE Online Desk 2020-05-11 17:41:05

Unilever Bangladesh with Bangladesh Red Crescent Society and 2030 Water Resources group are collaborating to prevent the spread of COVID-19 at Deputy Commissioner’s (DC) offices in 64 districts...