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The Financial Express

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Envoy Textile recommends 5.0pc cash dividend

Envoy Textile recommends 5.0pc cash dividend

FE ONLINE REPORT 2020-10-13 10:48:08

The board of directors of Envoy Textile has recommended 5.0 per cent cash dividend for the year ended on June 30, 2020. The final approval of dividend will come during the Annual General Meeting (AGM...

Gold traders accuse tax officials of harassment

Gold traders accuse tax officials of harassment

DOULOT AKTER MALA 2020-10-13 09:49:01

The country's gold traders have alleged that they often face questions by tax officials on the gold they legalised through paying tax. Some VAT officials are seeking previous account details of the g...

Bangladesh's stimulus packages: Biggies look hungry, but minnows lose appetite

Bangladesh's stimulus packages: Biggies look hungry, but minnows lose appetite

SIDDIQUE ISLAM 2020-10-13 09:43:46

A major portion of the stimulus package for large industries and services has been implemented while only 24.18 per cent was executed in another package for the CMSMEs until September 30. Nearly Tk 2...

Dhaka to seek duty-free access of RMG products to USA for three years

Dhaka to seek duty-free access of RMG products to USA for three years

-- 2020-10-12 21:16:15

Foreign Minister AK Abdul Momen has said Dhaka will seek duty free access of Bangladeshi readymade garments (RMG) products to the US market for the next three years. Dhaka will make the request durin...

Olympic Industries to import brand new machinery worth Tk 49.26m

Olympic Industries to import brand new machinery worth Tk 49.26m

FE ONLINE REPORT 2020-10-12 17:58:55

The board of directors of Olympic Industries has decided to import a brand new complete set of machinery, equipment and spares from China at an estimated total cost of US$ 579,600 equivalent around Tk...

Stocks extend losses with major stocks tumbling

Stocks extend losses with major stocks tumbling

FE ONLINE REPORT 2020-10-12 16:10:17

Stocks witnessed yet another bearish session on Monday, as shaky investors continued their sell-offs on major sectors issues fearing a further fall in prices. DSEX, the prime index of the Dhaka Stock...

Stocks open down amid low turnover

Stocks open down amid low turnover

FE ONLINE REPORT 2020-10-12 11:06:49

Stocks witnessed a downward trend in early trading on Monday as shaky investors continued their selling binge on sector-wise issues amid the earning disclosure session. Following the previous day&rsq...

BD Finance to launch innovative products

BD Finance to launch innovative products

Ismail Hossain 2020-10-12 09:52:31

Bangladesh Finance and Investment Company Ltd or BD Finance is planning to introduce innovative and customised lending and deposit options to pull together NBFI-designed funding and lending base, top...

Crystal Insurance’s IPO subscription begins Nov 10

Crystal Insurance’s IPO subscription begins Nov 10

FE ONLINE REPORT 2020-10-12 09:46:18

The initial public offering (IPO) subscription of Crystal Insurance Company Ltd is set to open on November 10, aiming to raise Tk 160 million from the capital market. The IPO subscription for shares...

Covid cranks up Bangladesh e-Commerce

Covid cranks up Bangladesh e-Commerce

FHM HumayanKabir 2020-10-12 09:41:45

Bangladesh's e-Commerce has got a big boost as its market size has swelled by 30 times over the last five years, insiders said on Sunday. The suppliers' and customers' devotion to the online platform...

Mir Akhter’s cut-off price set at Tk 60

Mir Akhter’s cut-off price set at Tk 60

FE Online Report 2020-10-11 16:50:17

The cut-off price of shares of Mir Akhter Hossain Ltd, a construction company, has been fixed at Tk 60 each through electronic bidding by eligible investors. As per the book-building method, eligible...

DSEX dips below 4,900-mark on selling spree

DSEX dips below 4,900-mark on selling spree

FE ONLINE REPORT 2020-10-11 16:09:38

Stocks tumbled on Sunday as the risk-averse investors went on heavy sell-offs on major sectors, fearing further fall of stock prices. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went dow...

MI Cement postpones expansion plan due to pandemic

MI Cement postpones expansion plan due to pandemic

FE ONLINE REPORT 2020-10-11 11:55:03

The MI Cement Factory Limited, the owning entity of popular brand Crown Cement, has postponed expansion plans of its sixth manufacturing unit due to Covid-19 as well as the financing arrangement. Bot...

Stocks open week lower

Stocks open week lower

FE ONLINE REPORT 2020-10-11 10:57:52

Stocks witnessed a downward trend in early trading on Sunday as investors mostly followed a cautious stance amid the ongoing corporate declaration session. Following the previous week’s downwar...

MNCs witness moderate fall in stock prices

MNCs witness moderate fall in stock prices

FE Report 2020-10-11 10:40:59

Most of the listed multinational companies (MNCs) lost prices moderately along with featuring lower turnover in last week following investors' less participation. The companies' share prices declined...

BSEC to allow small town trading booths

BSEC to allow small town trading booths

FE REPORT 2020-10-11 10:18:14

The securities regulator is set to allow stock brokers to open trading outlets in different areas of the country to reach the capital market to the people's doorsteps. As part of the move, the Bang...

Call for deferring Bangladesh's LDC graduation

Call for deferring Bangladesh's LDC graduation

FE REPORT 2020-10-11 10:11:37

Bangladesh should recommend the United Nations for deferring the next year's LDC (least developed country) graduation triennial review by three more years, considering the adverse impacts of Covid-19...

Covid-19 to reshape Bangladesh's economic policies in medium term

Covid-19 to reshape Bangladesh's economic policies in medium term

UNB 2020-10-10 16:46:06

Covid-19 has had a major impact on the global economy. Bangladesh is no exception. An official document now suggests that the pandemic is going to have a massive influence on Dhaka's economic policies...

Bangladesh government debt swells as revenue wanes amid pandemic

Bangladesh government debt swells as revenue wanes amid pandemic

JASIM UDDIN HAROON 2020-10-10 09:27:16

The government's debt soared in the first half of the current calendar year, fuelled by a sharp rise in its borrowing, an American consultancy has found. The government borrowing shot up by 3.5 perce...

‘WB’s growth projection inconsistent with Bangladesh’s economic recovery’

‘WB’s growth projection inconsistent with Bangladesh’s economic recovery’

-- 2020-10-09 22:03:40

Finance Minister AHM Mustafa Kamal on Friday said that the World Bank’s latest growth projection is inconsistent with the current economic recovery of Bangladesh. “World Bank is a global...

Market experts suggest investment plan based on financial literacy

Market experts suggest investment plan based on financial literacy

FE Report 2020-10-09 10:01:16

Investors need to make prudent decisions based on financial literacy to get higher returns on their investments in the capital market, experts said at a webinar on Thursday. They also urged the inves...

Call to adopt twin strategies for sustainable LDC graduation

Call to adopt twin strategies for sustainable LDC graduation

FE REPORT 2020-10-09 09:50:54

Bangladesh needs to adopt twin strategies for sustainable LDC (least developed country) graduation so that it can avert possible adverse impacts, an economist said on Thursday. To avoid the adverse...

State-owned banks asked to pace up small loan flow for economic recovery

State-owned banks asked to pace up small loan flow for economic recovery

SIDDIQUE ISLAM 2020-10-09 09:30:21

Four state-owned commercial banks (SoCBs) have been asked to go for small and medium loans for faster execution of stimulus packages to accelerate recovery of the pandemic-hit economy. The central ba...

‘21.33pc households receive govt relief during pandemic’

‘21.33pc households receive govt relief during pandemic’

-- 2020-10-08 23:10:09

Around 21.33 per cent households of the country received government assistance or relief items during the Covid-19 period, from March to August. Prime Minister’s Principal Secretary Dr Ahmad Ka...

Siddiqur Rahman new DSE shareholder-director 

Siddiqur Rahman new DSE shareholder-director 

FE ONLINE REPORT 2020-10-08 20:06:51

Md. Siddiqur Rahman, chairman of Sterling Stocks & Securities, has been appointed as new shareholder director of the Dhaka Stock Exchange (DSE). The board of directors of the DSE selected Mr Sidd...

Forex reserves top $40b for first time

Forex reserves top $40b for first time

FE Online Report 2020-10-08 19:24:18

The country’s foreign exchange (forex) reserve crossed US$40 billion mark for the first time on Thursday following lower import payment obligations and higher growth of inward remittance. ...

NBR introduces automated challan system

NBR introduces automated challan system

-- 2020-10-08 18:46:15

The National Board of Revenue (NBR) has introduced automated challan system to facilitate deposition of some 196 types of revenues and fees to national exchequer. NBR Chairman Abu Hena Md Rahmatul Mu...

Stocks slip back into red as World Bank growth forecast prompts selling spree

Stocks slip back into red as World Bank growth forecast prompts selling spree

FE ONLINE REPORT 2020-10-08 16:04:49

Stocks slipped into the red on Thursday, after a single-day break, as shaky investors went on a selling binge on major sectors issues. Markets opened on an upbeat note and the key index of the major...

World Bank forecasts Bangladesh's GDP growth at 1.6 per cent in fiscal year 2021

World Bank forecasts Bangladesh's GDP growth at 1.6 per cent in fiscal year 2021

FE ONLINE DESK 2020-10-08 13:56:54

Bangladesh's GDP growth is forecast to slow down to 1.6 per cent in the fiscal year 2021 as the country struggles with the devastating impact of the lingering Covid-19 pandemic, the World Bank said in...

BSEC fines Prime Islami Life sponsor for breach of rules

BSEC fines Prime Islami Life sponsor for breach of rules

FE ONLINE REPORT 2020-10-08 11:50:54

The securities regulator has fine fined a sponsor shareholder of Prime Islami Life Insurance Tk 40 million for selling shares in breach of rules. The Bangladesh Securities and Exchange Commission (BS...