The Financial Express

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Opening BO accounts: CDBL asked to submit report on compliances

FE Report 2019-06-30 10:08:04

The securities regulator has asked the Central Depository Bangladesh Limited (CDBL) to submit a report on the compliances maintained in opening investors' BO (beneficiary owner's) accounts. The CDBL...

EPB proposes $44.40b export target for FY '20

Monira Munni 2019-06-30 09:47:09

The Export Promotion Bureau (EPB) has proposed setting a US$ 44.40 billion export target for fiscal year (FY) 2019-20, officials have said. More than 84 per cent or $37.42 billion of the proposed exp...

Parliament okays finance bill

FE Report 2019-06-29 20:55:27

Parliament approved on Saturday the finance bill-2019 with a few amendments suggested by the lawmakers. Some 10 lawmakers proposed to elicit public opinion on the bill, but that was rejected by voice...

'Bangladesh will provide loan to other countries'

-- 2019-06-29 20:48:22

Finance Minister AHM Mustafa Kamal has said Bangladesh would not implement budget with the bank loan by 2030 and the country will provide loan to other countries. The finance minister also said Bangl...

Proposed tax on savings certificates may go

-- 2019-06-29 17:06:23

The government might retract its decision to double tax on savings certificates as the move is likely to draw massive criticism from the people. Four types of savings certificates are currently sold...

Savers in haste to draw govt savings tools’ yields

Arafat Ara 2019-06-29 10:00:37

The proposed rise in source tax on yields from national savings tools has prompted investors in large numbers to draw profits before June 30 next to avoid higher taxation. Dozens of savers were f...

BD must focus on SDG 16: Experts

FE Report 2019-06-28 12:47:21

Sustainable development goals (SDGs) cannot be fully achievable by 2030, leaving out SDG 16 that focuses on inclusive societies, democracy, strong institutions, justice and rule of law. SDG 16 is the...

BD-linked funds in Swiss banks up 28pc

FE Report 2019-06-28 09:55:01

The amount of Bangladesh-linked funds in the banks of Switzerland jumped by 28 per cent last year after a decline a year ago, according to the latest Swiss Bank data. In 2017, deposits held by Bangla...

Banking sector in free fall, warns IMF

FE Report 2019-06-28 09:27:49

Highlighting financial stability risks, the International Monetary Fund (IMF) said on Thursday the banking sector keeps deteriorating even as growth remains robust. "Resolutely addressing the high le...

IMF lauds BD economic growth

-- 2019-06-27 18:57:56

Bangladesh has succeeded in fostering a dynamic and fast-growing economy with significant poverty reduction and the country’s economic growth continues to be strong. International Monetary Fund...

Stocks keep gaining on tax review hope

FE Online Report 2019-06-27 16:27:46

Stocks witnessed yet another positive session on Thursday as investors showed their buying appetite on tax review expectations. DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,4...

Shurwid Industries to enter Software business

FE Online Report 2019-06-27 12:01:50

The board of directors of Shurwid Industries has decided to open new business wing i.e. Software business, which is fully tax exempted up to June 30, 2024. In this regard, an agreement was signed wit...

Stocks open higher on tax review hope

FE Online Reports 2019-06-27 11:58:39

Stocks witnessed upward trend in early hours of trading on Thursday as some investors are showing their buying spree on sector-wise shares amid tax review expectations in the final budget. Followin...

Ten-traded cos snare 27pc turnover

FE Report 2019-06-27 11:02:08

Ten most-traded firms captured more than 27 per cent transaction of the Dhaka Stock Exchange (DSE) on Wednesday while United Power topped the list again. Market analysts said investors were active...

IMF airs concern over soaring soured loans

Siddique Islam 2019-06-27 09:36:24

The International Monetary Fund (IMF) has expressed concern over the rising trend in non-performing loans (NPLs) in the country's banking sector. The Washington-based lender also intended to learn...

Stocks rebound on tax review hope

FE Online Report 2019-06-26 16:05:51

Stocks rebounded on Wednesday, after remaining flat in the past few sessions, as investors showed their buying appetite on budget review expectations. The market opened on positive note and the uptur...

Stocks rise at opening ahead of budget approval

FE Online Reports 2019-06-26 11:38:17

Stocks witnessed positive trend in early hours of trading on Wednesday as some investors are showing their buying spree on sector-wise shares ahead of budget approval. The National Board of Revenue...

Esquire ICL Apparel Fund gets BSEC approval

FE Report 2019-06-26 10:52:28

The securities regulator has approved the draft prospectus of Esquire ICL Apparel Fund, an open-end mutual fund. The approval came Tuesday at a meeting held at the office of the Bangladesh Securiti...

Ten-traded cos snare 28pc turnover; JMI Syringes leads

FE Report 2019-06-26 10:50:42

JMI Syringes topped the Dhaka Stock Exchange's turnover chart on Tuesday while ten most-traded firms captured more than 28 per cent transaction. The share price of JMI Syringes & Medical Devices...

Donors disburse $5.2b in 11 months

FHM Humayan Kabir 2019-06-26 10:37:06

Donors disbursed development assistance worth US$5.21 billion in 11 months (July-May) of fiscal year (FY) 2018-19, up 11 per cent compared to the same period of the previous fiscal, official data show...

BD missions can play key role to attract FDI: Minister

FE Online Report 2019-06-25 18:56:58

Bangladesh missions abroad will play as a catalyst to promote economic growth by attracting foreign direct investment. Foreign Minister DR AK Abdul Momen made the observation on Tuesday at a seminar...

10 projects worth Tk 69b get ECNEC nod

-- 2019-06-25 17:46:32

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved 10 development projects involving Tk 69 billion (Tk 6,967 crore), including modernization of 21 metre-gauge diesel-...

Stocks end flat, sentiment still fragile

FE Online Report 2019-06-25 16:10:34

Stocks witnessed another flat session on Tuesday, as investors mostly followed cautious stance ahead of June closing. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 1.80 points o...

Stocks edge up in volatility trade

FE Online Reports 2019-06-25 11:54:25

Stocks witnessed choppy trading in early hours of trading on Tuesday as investors mostly followed cautious stance. Following the previous day’s mild correction, the Dhaka Stock Exchange (DSE)...

Ten-traded cos snare 28pc DSE turnover

FE Report 2019-06-25 10:25:17

Ten most-traded companies captured nearly 28 per cent transaction of the Dhaka Stock Exchange (DSE) on Monday while United Power topped the list for the three straight sessions. Market analysts sai...

External sector shows sign of recovery in H2

FE Report 2019-06-25 09:27:43

Current-account balance-to-GDP (gross domestic product) ratio improved during the second half (H2) of 2018 compared to the same period a year earlier. This means the country's export growth shows sig...

HC extends freeze on privilege for loan defaulters by 2 months

-- 2019-06-24 17:29:57

Loan defaulters will be barred from paying off their debts with 2 per cent down payment and 9 per cent interest rate as the High Court has extended its freeze on a Bangladesh Bank circular by two mont...

Stocks end slightly higher after two-day losing streak

FE Online Report 2019-06-24 16:45:25

Stocks ended slightly higher on Monday, after two-day losing streak, as investors mostly followed cautious stance. DSEX, the prime index of the Dhaka Stock Exchange (DSE), settle at 5,386, advancing...

'Proposal to impose tax on retained earnings may go'

-- 2019-06-24 16:36:07

The proposed tax on the retained earnings of a company may be withdrawn following businessmen’s demand. Salman F Rahman, prime minister’s adviser on private sector development, gave the i...

Economists sceptical about high GDP growth rate

FE Report 2019-06-24 11:57:17

Terming the official data 'inconsistent', speakers at a panel discussion on Sunday said there remains 'mismatch' between the government GDP growth projection and major economic indicators. They a...