The Financial Express

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Public subscription period of Express Ins may be changed

FE Report 2020-03-29 11:21:12

The securities regulator may change the timeframe of public subscription of Express Insurance if the ongoing situation, created by COVID-19, prolongs. As per existing timeframe, the public subscripti...

Monno Ceramic generates highest weekly turnover

FE Report 2020-03-29 11:14:45

Monno Ceramic Industries dominated the Dhaka bourse's transaction chart in the outgoing week while block trade accounted for nearly 41 per cent of the total turnover. Market analysts said some invest...

BSEC seeks public opinion on issuing new TRECs

FE Report 2020-03-29 11:12:15

The securities regulator has sought public opinion on the draft rules formulated to issue new TREC (Trading Right Entitlement Certificate), to the firms willing to conduct trading operations in the co...

Foreign fund inflow hit hard by coronavirus pandemic

-- 2020-03-29 10:56:13

The coronavirus pandemic has hit hard the flow of aid from foreign donors who cleared 14 per cent less money in the eight months to February than the same period last fiscal year. The amount they ple...

TIB recommends special fund equivalent to 10pc of GDP

-- 2020-03-28 21:44:43

The Transparency International Bangladesh (TIB) on Saturday called for setting up a special fund equivalent to at least 10 per cent of GDP to manage and steer the recovery process from socioeconomic s...

Govt sits on Monday to determine virus impact on economy

TALHA BIN HABIB 2020-03-28 16:01:26

The government will hold an urgent meeting on Monday to determine the possible losses to the econnomy over coronavirus outbreak. It will also prepare a strategy to offset the economic losses ca...

Weekly review: Stocks snap four-week losses on regulatory move

Babul Barman 2020-03-28 11:03:16

Stocks edged up in the outgoing week, snapping a four-week free-fall, thanks to regulatory move to boost the ailing capital market. DSEX, the key index of the Dhaka Stock Exchange, went up by 33.32 p...

45 Bangladesh missions miss export targets

FE REPORT 2020-03-28 10:26:33

Some 45 Bangladesh missions abroad have failed to achieve their respective export targets for the July-February period of this fiscal, according to the Export Promotion Bureau. The remaining 12 missi...

Economists suggest govt bring blue-collar workers under social safety-net

FHM HUMAYAN KABIR 2020-03-28 10:17:19

The government needs to expand the current social safety-net programme aiming to cover more lower-income people, already hit by Covid-19 pandemic, economists say. They said since there was a possibil...

As virus hits BD economy, experts urge “prudent” recovery plan

-- 2020-03-27 16:04:05

As coronavirus has started taking its toll on the Bangladesh economy alongside the public health, economists think the government needs to immediately work out a well-thought-out recovery plan and act...

CSE for waiver of corporate tax for small cap board cos

FE Report 2020-03-26 10:27:50

Chittagong Stock Exchange (CSE) has submitted a set of budget proposals to NBR including waiver of corporate tax for the companies to be listed on small cap board. CSE managing director Mamun-Ur-Ra...

Riding out virus storm: Dhaka turns to multilateral lenders

FE REPORT 2020-03-26 09:39:13

Finance minister AHM Mustafa Kamal on Wednesday urged four major multilateral donors to extend budgetary support to help the country's economy tide over the pandemic impact. He also asked for emergen...

Pandemic slows private sector credit growth further in Feb

Siddique Islam 2020-03-26 09:25:18

Private sector credit growth declined further in the month of February last in view of lower demand for the same. Bankers have attributed the slackening of demand for credit by the private sector mai...

DSEX crosses 4,000-mark after seven-day

FE Online report 2020-03-25 16:01:06

Stock posted a modest gain on Wednesday, the last session before 10-day government holiday, as the securities regulator imposed circuit breaker to boost the ailing market. DSEX, the key index of the...

Standard Bank plans into full-fledged Islamic bank

FE Online Report 2020-03-25 12:35:57

The board of Standard Bank has decided to amend relevant clauses for conversion into full-fledged Islamic banking subject to approval from shareholders and relevant authorities. The board of direct...

Stocks post slight gain amid virus fear

FE Online Report 2020-03-25 12:33:15

Stocks posted a slight gain in early trading on Wednesday as investors mostly followed cautious stance amid growing tension over the impacts of coronavirus outbreak. The presences of investors on t...

Cos asked to hold board meetings online

FE Report 2020-03-25 11:28:30

The securities regulator has asked the listed companies to hold AGM/EGMs and board meetings and disseminate price sensitive information using digital platforms to avoid large gathering in view of ragi...

Loan classification policy to remain unchanged until June 30

-- 2020-03-24 20:52:16

The Bangladesh Bank has asked the scheduled banks to keep unchanged the classification status of loan, lease or advance until June 30 to facilitate business activities amid the coronavirus outbreak....

Bourses to remain closed for 10 days from Mar 26

FE Online Report 2020-03-24 16:42:54

The trading and official activities on the bourses will remain closed from March 26 to April 4 in line with the government holiday, officials said. The government on Monday announced closure of all p...

Stocks fall as virus fears mount

FE Online report 2020-03-24 15:36:06

Stock slipped back in the red Tuesday, after a single-day break, as investors turned jittery amid mounting fears over coronavirus outbreak. DSEX, the key index of the Dhaka Stock Exchange, went dow...

Square Pharma inks deal with two pharma cos

FE Online Report 2020-03-24 11:55:28

Square Pharmaceuticals has signed agreements with two pharmaceuticals companies for manufacturing some products on behalf of the company to meet the growing demand. “The board of Square Pharm...

Stocks fall in early trading on virus fears

FE Online Report 2020-03-24 11:50:45

Stocks witnessed downturn in early trading on Tuesday amid growing tension over the impacts of coronavirus outbreak. The presences of investors on the trading floor very thin due to mounting fears ov...

Pharma stocks shine amid rising Covid-19 cases

Babul Barman 2020-03-24 11:01:06

Prices of some disinfectants and chemical stocks are soaring as investors are anticipating brisk business amid rising coronavirus cases in Bangladesh. Shares of Central Pharma, ACI Formulations and A...

BB relaxes rules to aid industrial import

FE Report 2020-03-24 10:44:57

The central bank has relaxed its regulations, allowing the banks to extend usance period in import of industrial raw materials by their clients up to maximum one year instead of the existing six month...

FICCI reiterates call to slash corporate tax

FE REPORT 2020-03-24 10:38:36

The Foreign Investors' Chamber of Commerce and Industry (FICCI) has proposed bringing changes to the fiscal measures on a 'prospective' basis and reducing corporate taxes by 5.0 to 10 per cent for...

Virus vexes nearly $2.0b apparel export orders

FE REPORT 2020-03-24 09:25:17

Amid the outbreak of COVID-19, the BGMEA has requested the German government to encourage buyers in Germany to receive the apparel items already produced in Bangladesh and allow the suppliers to conti...

Autonomous bodies return Tk 55b to public exchequer

FE REPORT 2020-03-24 09:18:20

Autonomous and semi-autonomous bodies have started returning surplus funds to the public exchequer in line with the government's order, officials say. After the passage of a law in parliament, the go...

BB reduces repo rate to 5.75pc

-- 2020-03-23 21:15:01

Bangladesh Bank has decided to cut repo rate to 5.75 per cent from 6 per cent as part of efforts to boost liquidity amid a coronavirus pandemic. According to bdnews24.com, the central bank announced...

FBCCI lauds Bangladesh Bank’s liquidity measures

-- 2020-03-23 20:55:06

FBCCI President Sheikh Fazle Fahim on Monday described the central bank’s decision to buy Treasury bills and bonds from banks and non-bank financial institutions (NBFIs) as a landmark step to ha...

COVID-19 threatens Bangladesh economy: ICCB

FE ONLINE REPORT 2020-03-23 15:46:00

The World Health Organization (WHO) officially declared the coronavirus (COVID-19) outbreak a global pandemic on March 11 this year, which has now spread to 170 countries and territories and infected...