The Financial Express

Search results for: BAN

Atiur proposes fund for innovation, research

-- 2018-11-24 21:18:28

Former governor of Bangladesh Bank Dr. Atiur Rahman has proposed creation of a national innovation and research fund to encourage more young people to become entrepreneurs He made the proposal while...

NBR to receive individual tax returns until December 2

-- 2018-11-24 19:26:50

The National Board of Revenue (NBR) will receive individual tax returns until December 2 as the last date of submission, November 30, is a weekly holiday. NBR Member (income tax admin) Zia Uddin Maho...

'Seaweed farming should be brought under purview of fisheries ministry'

-- 2018-11-24 17:12:21

Speakers at a discussion have urged authorities concerned to bring cultivation of seaweeds under the purview of the Ministry of Fisheries from the Ministry of Agriculture. They also underscored the n...

Weekly analysis: Stocks rebound as major sectors soar

FE Report 2018-11-24 12:43:28

Stocks ended higher last week as optimistic investors kept their appetite for large-cap issues. Brokers said most of the investors were active on sector-specific stocks throughout the week while some...

Dhaka likely to get $2.0b in add’l fund under IDA-18

FHM Humayan Kabir 2018-11-24 10:06:20

Bangladesh is likely to get nearly US$ 2.0 billion additional assistance from the World Bank (WB), as the latter has decided to divert unutilised funds from other member states to the country, officia...

Lower ins coverage poses major risk for economy

Mehdi Musharraf Bhuiyan 2018-11-24 10:02:10

The insurance gap in Bangladesh relative to its GDP is the highest in the world, which poses a major economic risk for the country in case of a catastrophe, warns a global report of Lloyd's. Affordab...

Most pharma cos post higher EPS for Q1

Babul Barman 2018-11-24 09:45:22

Most of the listed pharmaceuticals companies saw a rise in the earnings for July-September period this year, thanks to higher expense on healthcare. Of the 15 pharmaceuticals companies listed with Dh...

Banks' surplus liquidity falls ahead of nat'l polls

Siddique Islam 2018-11-24 09:35:57

The excess liquidity in banks dropped by nearly 15 per cent or Tk 140 billion in September mainly due to higher growth of currency outside banking system before the national elections. Officials said...

BB seeks info on classified loans of election aspirants

FE Report 2018-11-23 15:30:27

The central bank has asked the commercial banks to provide information on classified loans of the aspirants of the upcoming national election to the returning officials concerned. "We've taken the me...

BSEC to probe price hike of four cos

FE Report 2018-11-23 10:02:17

The securities regulator has formed a committee to probe the recent unusual price movement and the volume of shares of four companies. The two-member probe committee will submit its report within 30...

NBR taskforce to include BIDA, police, NSI officials

Doulot Akter Mala 2018-11-23 09:50:34

The tax authority will join hands with the law-enforcing agencies and investment promotion authority to find out illegal foreign residents working in the country to ensure proper tax collection from t...

BD needs to apply anew for Chinese buyer's credit

Munima Sultana 2018-11-23 09:40:51

Dhaka needs to apply anew for Chinese loans for the projects, deals on which were signed during Xi Jinping's visit to Dhaka in 2016, to match his government's new lending policy. China has reformed i...

BSEC forms probe body to investigate price hike of four companies’ shares

FE Online Report 2018-11-22 18:29:36

The Bangladesh Securities and Exchange Commission (BSEC) has formed a committee to investigate recent unusual price hike of shares of four companies. The securities regulator formed the enquiry commi...

DSE, CSE inch up, DSEX crosses 5,300-mark

FE Online Report 2018-11-22 15:26:21

Stocks ended slightly higher on Thursday with core index of the prime bourse crossing the 5,300-mark after one month as some investors showed their buying spree on sector-wise stocks. The market op...

Germany pledges to give €285.3m for dev

-- 2018-11-22 13:35:53

Germany has pledged to give €285.3 million for development in Bangladesh, reaching the overall amount to €3 billion since 1972. The European country also announced €29 million assis...

NBR collects Tk 170m in income tax in M’singh

-- 2018-11-21 18:00:50

The National Board of Revenue (NBR) has collected over Tk 170 million income taxes in the Tax Fair in Mymensingh. Zonal Taxes Commissioner, Mymensingh Abul Mansur said a total of 21,222 tax payers...

Merchant banks allowed provisioning facility

FE Report 2018-11-21 14:13:55

The securities regulator has allowed the merchant banks to avail provisioning facility like financial institutions (FIs) and mutual funds (MFs). The facility has been offered in case of provisionin...

Myanmar tops LDCs' FDI league, Bangladesh fifth

-- 2018-11-21 13:51:55

JAKARTA : Myanmar attracted the most foreign direct investment of any of the world's so-called "least developed countries" in 2017, even as the nation's reputation plummeted over its forced expulsion...

Attainment of SDGs: Experts for South Asia cooperation framework

FE Report 2018-11-21 10:38:47

The countries in South Asia need to develop an effective regional cooperation framework to accelerate the process of Sustainable Development Goals (SDGs) achievement, experts said at an international...

BIMSTEC sets 2019 deadline to make FTA operational

Mir Mostafizur Rahaman 2018-11-21 09:57:19

The BIMSTEC [Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation] has set 2019 as a deadline to make FTA [free trade agreement] operational. Sources said member countries o...

'Existing tax system creates burden on low-income people'

FE Online Report 2018-11-20 18:45:51

The existing tax system has created burden on common people as low-income and high-income people pay value added tax (VAT) at similar rate to buy a product. Speakers came up with the statement at Cit...

Deposits with agent banking increase by 28pc

-- 2018-11-20 18:07:42

Deposit collection through the agent banking increased by 28 per cent or Tk 5.4672 billion in July to September quarter compared to the previous quarter of April to June in 2018. According to the qua...

Stocks soar as bank shares surge

FE Online Report 2018-11-20 15:12:10

Stocks ended higher on Tuesday, after remaining flat in the past session, as investors showed their buying spree, particularly on financial issues. Market insiders said the institutional investors...

Keya Cosmetics recommends 10pc div

FE Online Report 2018-11-20 12:11:24

The board of directors of Keya Cosmetics Limited has recommended 10 per cent stock dividend for the year ended on June 30, 2018, said an official disclosure on Tuesday. The final approval will come...

Stocks light up in early trading

FE Online Report 2018-11-20 11:25:29

The prices of most of the shares on bourses saw positive trend in early hour of trading on Tuesday as some investors are showing their buying spree on sector-wise stocks. Following the previous day...

Bata Shoe recommends 240pc interim cash dividend

FE Online Report 2018-11-20 11:14:10

The board of directors of Bata Shoe Ltd has recommended 240 per cent interim cash dividend, said an official disclosure on Tuesday. The multinational company declared the interim dividend consideri...

15 per cent tax on income of MFs: Govt extends tenure

FE Report 2018-11-20 10:24:30

The government has extended the tenure of paying 15 per cent tax on the income of the mutual fund's management by five years more. On December 5, 2013 15 per cent tax was fixed on the income, which...

Govt to borrow Tk 20b more from banks

Siddique Islam 2018-11-20 09:35:16

The government revised its auction calendar on Monday keeping an option for borrowing Tk 20 billion more for financing budget deficit ahead of the December general elections, officials said. Under th...

BSEC decides to probe irregularities by EIs

Mohammad Mufazzal 2018-11-20 09:32:51

Securities regulator has decided to look into the alleged irregularities indulged in by the eligible investors (EIs) in determining companies' share prices under the book building method (BBM). Bangl...

Tax collection in fairs rises 11.35pc

FE Online Report 2018-11-19 22:10:14

The week-long income tax-fairs, which concluded on Monday, collected Tk 24.68 billion in taxes. The collection from this year’s taxes is 11.35 per cent more than that of the previous year&rsquo...