The Financial Express

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Covid cost BD economy $21b in FY'20

FE REPORT 2020-07-24 09:22:34

The Covid-19 losses for Bangladesh's economy might have reached between US$9.0 billion and US$21 billion in the just-concluded fiscal year, an economist said on Thursday. However, the country can off...

Stocks edge up after single-day break

FE ONLINE REPORT 2020-07-23 16:21:33

Stocks posted a modest gain on Thursday, after a single-day break, as bargain hunters showed their appetite on major sectors’ issues at the lowest possible prices. DSEX, the key index of the Dh...

Economy to bounce back at year's end: Commerce minister

-- 2020-07-23 15:26:15

Commerce minister Tipu Munshi on Thursday hoped that the economy of the country will bounce back at the end of the year as some export products start seeing good demand in the global market amid the C...

Stocks witness positive trend amid thin participation

FE ONLINE REPORT 2020-07-23 11:26:37

Stocks witnessed positive trend in early trading on Thursday as some investors showed their buying appetite on sector-wise issues amid ongoing virus scare and the floor price system. Within 30 minute...

Pioneer Insurance recommends 20pc cash dividend

FE ONLINE REPORT 2020-07-23 10:40:48

The board of directors of Pioneer Insurance Company Limited has recommended a 20 per cent cash dividend for the year ended on December 31, 2019. The final approval of the dividend will come during...

Tk 300b sought for int'l standard hotels

FE REPORT 2020-07-23 10:01:52

Bangladesh International Hotel Association (BIHA) on Wednesday placed a six-point suggestion including allocation of Tk 300 billion under the government-announced incentive package for providing loans...

Marico BD declares 300pc interim cash dividend

FE Online Report 2020-07-23 10:01:51

The board of directors of Marico Bangladesh Ltd has declared first interim dividend of 300 per cent cash for the three months financials that ended on June 30, 2020. The board of directors of the com...

RAK Ceramic's sales dip 32.5pc in H1

FE REPORT 2020-07-23 09:51:54

RAK Ceramic's total sales plunged 32.5 per cent in January-June, 2020 compared to the same period of the previous year due to lower sales amid ongoing pandemic. The board of directors of the compan...

25 banks get go-ahead for fund formation

MOHAMMAD MUFAZZAL 2020-07-23 09:39:31

A total of 25 banks have secured their boards' approval for investing Tk 2.0 billion each in the capital market. The banks have submitted their information about the formation of a special fund to th...

Stocks back in the red

-- 2020-07-22 18:03:58

Stocks backed in the red on Wednesday, snapping a two-day gaining streak, as risk-averse investors went for short-term profit booking on sector specific shares ahead of Eid festival. The retail inves...

Fish production increases by 50pc in 11 years: PM

-- 2020-07-22 17:59:56

Prime Minister Sheikh Hasina on Wednesday said fish production in the country has increased by more than 50 per cent in the last 11 years. Citing latest report of the Food and Agriculture Organisatio...

BB sets Tk 262.92b farm credit target for FY’21

FE Online Report 2020-07-22 17:16:20

The central bank on Wednesday set an agriculture credit target of Tk 262.92 billion for the banks to be disbursed during the current fiscal year (FY’21). The loan was estimated to be 8.99 per c...

Stocks back to the red amid low turnover

FE ONLINE REPORT 2020-07-22 16:17:24

Stocks returned to the red on Wednesday, snapping a two-day gaining streak, as risk-averse investors went on selling binge on sector-wise issues. DSEX, the key index of the Dhaka Stock Exchange, went...

DSE down, CSE up at opening amid virus scare

FE ONLINE REPORT 2020-07-22 11:24:56

Stocks witnessed mixed trend in early trading on Wednesday as investors mostly followed a cautious stance amid ongoing virus scare and the floor price system. Within 30 minutes of trading, DSEX fell...

Two more general insurers declare dividend

FE ONLINE REPORT 2020-07-22 10:59:49

The boards of directors of two more general insurance companies have recommended dividends for the year ended on December 31, 2019, according to separate official disclosures on Wednesday. The compan...

Four specialised tech centres in EZs soon

FE REPORT 2020-07-22 10:38:51

Commerce ministry is set to establish four specialised technology centres (TCs) in economic zones (EZs) with an eye to boosting export earnings through adopting new technologies. Under a project, it...

Tk 18.31b cash incentives for exporters

FE REPORT 2020-07-22 10:35:11

The government has released a sum of Tk 18.31 billion in favour of the Bangladesh Bank for the payment of cash incentives/subsidy to local exporters, officials said. It is the first instalment of c...

BSEC to freeze shares of Shurwid directors

FE REPORT 2020-07-22 10:31:51

The securities regulator has decided to freeze the shares of the directors of Shurwid Industries for submitting compliance reporting without completing the distribution of dividend for the year ended...

Govt move to enact single act

Mohammad Mufazzal 2020-07-22 10:25:50

The government has moved to bring the activities of the securities regulator and operations of the capital market under a single act to be enacted by the parliament on completion of relevant processes...

'Dhaka Bank to change the age-old banking structure'

Siddique Islam 2020-07-22 10:25:16

Dhaka Bank Limited (DBL) has planned to introduce diversified financial technology (FinTech) based-services to ensure uninterrupted banking services for their customers, the bank's top executive has s...

FY '20 revenue rises by Tk 30b on fresh data

DOULOT AKTER MALA 2020-07-22 09:25:08

The revenue board has managed to collect Tk 30 billion more for the public exchequer in the last fiscal year, reducing the extent of shortfall it suffered due to the COVID-19 pandemic. The National B...

ECNEC approves six dev projects involving Tk11.37b

FE ONLINE REPORT 2020-07-21 16:18:11

The Executive Committee of the National Economic Council (ECNEC) on Tuesday cleared six development projects involving Tk11.37 billion. The approval came from the ECNEC meeting held at NEC Confe...

Stocks extend gaining streak amid cautious optimism

FE ONLINE REPORT 2020-07-21 15:41:44

Stocks extended the gaining streak for the second day in a row on Tuesday as the buoyant investors showed their buying binge on major sectors’ issues at the lowest possible prices amid the floor...

Six BSCIC directors named for supervising SME loan activities

-- 2020-07-21 15:24:51

The BSCIC Chairman has said that they will provide necessary assistance and supervise the government’s stimulus package of Tk 200.0 billion for the Small and Medium Enterprise (SME) sector. &ld...

Stocks positive at opening amid virus scare

FE ONLINE REPORT 2020-07-21 11:35:19

Stocks witnessed positive trend in early trading on Tuesday as investors showed their buying binge on major sectors’ issues at the lowest possible prices amid the floor price system. Within 30...

Kay & Que, Aziz Pipes back in public market after two years

FE ONLINE REPORT 2020-07-21 11:30:30

Kay & Que, and Aziz Pipes Ltd back to the public market for transactions on Tuesday, after remaining two years in the spot market. The stock market regulator has allowed low-cap companies...

Two more insurers recommend dividend

FE ONLINE REPORT 2020-07-21 11:02:22

The board of directors of two more insurance companies have recommended dividends for the year ended on December 31, 2019, according to separate official disclosures on Tuesday. Islami Insurance: T...

Backlog raises RHD's fund demand by 1000pc

Munima Sultana 2020-07-21 10:33:26

Backlog in road maintenance budget of Roads and Highways Department (RHD) during the last five years has increased the agency's fund demand by nearly 1000 per cent this year to keep its countrywide ro...

Rupali Bank for raising paid-up capital through issuance of rights

REZAUL KARIM 2020-07-21 09:57:10

The state-owned Rupali Bank has taken a move to increase its authorised capital to Tk 25 billion aiming to make its capital base sound and strong, officials said. Besides, the bank also wants to rais...

'Allow FDI in RMG sector'

-- 2020-07-21 09:25:02

Bangladesh should allow foreign direct investment (FDI) in the apparel sector to help the industry weather the Covid-19 crisis, analysts and businesspeople said on Monday. They also said that over-co...