The Financial Express

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Container growth slows in FY'20

JASIM UDDIN HAROON 2020-07-04 09:33:44

The growth in container handling at the country's prime sea port of Chittagong slowed down to nearly 3.0 per cent in the just-concluded fiscal year due to poor shipment. This is provisional statistic...

Bangladesh gearing up for new era of taxation

-- 2020-07-03 21:31:47

The government has chalked out a series of programmes to enter a new era of taxation from FY 2020-21 in the run-up to achieving Vision 2041 and reaching the Sustainable Development Goals 2030. "We mu...

FDI continues to plummet amid coronavirus crisis

-- 2020-07-03 21:14:40

The flow of foreign direct investment (FDI) into Bangladesh has continued to plummet amid the coronavirus crisis after FDI dropped by over 50 per cent in 2019 from the previous year. FDI dropped by 1...

BD lost Tk 40b export earnings for BJMC: Minister

-- 2020-07-03 19:25:51

Textiles and Jute Minister Golam Dastagir Gazi has blamed the Bangladesh Jute Mills Corporation (BJMC) for the current malaise in the flagging jute sector. He blamed the organisation for costing the...

UNDP launches Future of Work Lab in BD for resilient economy

FE Online Report 2020-07-03 19:18:41

The United Nations Development Programme (UNDP), in collaboration with its Bangkok Regional Hub, launched the Future of Work Lab in Bangladesh on Thursday aiming to facilitate and accelerate Banglades...

DSE for allowing TREC to firm having minimum 100m paid-up capital

FE ONLINE REPORT 2020-07-03 11:10:16

Dhaka Stock Exchange (DSE) has recommended allowing a trading right entitlement certificate (TREC) to a company having a paid-up capital of Tk 100 million. It also recommended a registration fee of T...

GSK to be named Unilever Consumer Care

FE REPORT 2020-07-03 10:40:58

The listed company GlaxoSmithKline (GSK) Bangladesh will be named as 'Unilever Consumer Care' soon, a disclosure said. The company's name is going to be changed following the acquisition of GSK Bangl...

ADP execution rate hits 10-yr low

FHM HUMAYAN KABIR 2020-07-03 09:28:12

The government's capacity for implementing the development projects dropped further last fiscal year, an analysis showed. The official data also showed that the development programme execution rate h...

Large taxpayers power NBR

Doulot Akter Mala 2020-07-03 09:25:28

Corporate tax payment by large taxpayers jumped by over 15 per cent during the just-concluded fiscal year, despite COVID-induced economic devastation. The growth is the highest in seven years, offici...

Forex reserve crosses $36b-mark for first time ever

FE Online Report 2020-07-02 20:00:53

Bangladesh’s foreign exchange (forex) reserve has crossed the US$36 billion-mark -- for the first time in history, following lower import payment obligations and higher growth of inward remittan...

Remittances hit record $18.20b in FY20

FE Online Report 2020-07-02 18:28:16

The flow of remittances grew by nearly 11 per cent to a record US$18.20 billion in the just-concluded fiscal year (FY) despite the ongoing Covid-19 pandemic, officials said. The figure in FY19 was $1...

Stocks end first session of new fiscal year on negative note

FE ONLINE REPORT 2020-07-02 15:30:30

Stocks ended slightly lower on Thursday, the first session of the new fiscal year (FY21), as investors were mostly cautious due to worsening pandemic situation and floor price limitation. DSEX, the k...

Stocks open new fiscal year lower

-- 2020-07-02 11:37:15

Stocks witnessed a downward trend in early hours of trading on Thursday, the first session of the fiscal year (FY) 2020-21, as investors mostly followed the cautious stance. DSEX, the prime index of...

DSEX tumbles 26pc in outgoing fiscal year

BABUL BARMAN 2020-07-02 10:01:20

The stock market passed yet another gloomy year as the core index of the Dhaka Stock Exchange (DSE) eroded more than 26 per cent in the outgoing Financial Year (FY) 2019-20. After the stock market cr...

BB announces policy on export against payment guarantees

FE Online Report 2020-07-02 09:52:45

The central bank has issued a policy allowing banks to export goods under open account credit terms instead of letters of credit (LCs) with foreign payment guarantees. Under the new policy, exporters...

Floor price now applicable for newly-listed companies

FE Report 2020-07-02 09:48:18

The opening prices of the shares of newly-listed companies will be their floor prices after commencing trading on the bourses. The Bangladesh Securities and Exchange Commission (BSEC) has set the f...

VAT reg display: Non-compliant firms face penalty

Doulot Akter Mala 2020-07-02 09:41:31

Businesses and shops may have to face penal action for not displaying VAT registration certificates on their premises from now on. The Value Added Tax implementation wing of the National Board of Rev...

RMG exports drop 19pc in FY'20

Monira Munni 2020-07-02 09:34:40

The country's readymade garment (RMG) exports declined by 18.84 per cent to US$ 27.70 billion in the just concluded fiscal year (FY 2019-20). The sector had fetched $ 34.13 billion in the FY 2018-19....

‘Supply rice at agreed price, otherwise we may go for import’

-- 2020-07-01 20:45:25

The government will import rice to keep the market stable in case the mill owners refuse to supply the staple at the agreed price, the food minister has warned. The market should never become volatil...

Flood condition posing threat to targeted Aus, Aman production

-- 2020-07-01 19:55:55

Deteriorating flood condition in several regions, due mainly to the onrush of water from the upstream of neighbouring India, has been posing threat to targeted production of Aus and Aman crop this yea...

MTB, Southeast Bank declare dividend

FE ONLINE REPORT 2020-07-01 10:46:25

The board of directors of two more banks – Mutual Trust Bank and Southeast Bank Ltd - has recommended dividends for the year ended on December 31, 2019, according to separate official disclosure...

Shimanto Bank AGM approves dividend

FE REPORT 2020-07-01 09:50:30

The 4th Annual General Meeting (AGM) of Shimanto Bank was held on Monday through a digital platform. The meeting was presided over by the Director General of Border Guard Bangladesh and Chairman of t...

Most listed banks' EPS up in Q1

BABUL BARMAN 2020-07-01 09:41:24

Earnings per share (EPS) of most of the listed banks marked rise in the first quarter (Q1) for January-March, 2020 compared to the same quarter of the previous year despite Covid-19 pandemic. EPS is...

BSEC seeks banks' reports on spl funds

MOHAMMAD MUFAZZAL 2020-07-01 09:37:14

The securities regulator has sought information from all listed and four non-listed banks regarding their formation of special funds worth Tk 2.0 billion each as announced earlier to support the capit...

NBFIs seek Tk 100b liquidity support

SIDDIQUE ISLAM 2020-07-01 09:36:25

Top executives of the non-bank financial institutions (NBFIs) have sought Tk 100-billion emergency support from the central bank to meet liquidity requirements amid the COVID-19 pandemic. The support...

Restarting economy: Decision outweighs dividend

JASIM UDDIN HAROON & SAIF UDDIN 2020-07-01 09:27:13

Hope ran high on easing restrictions on movement and economic activities, but one month on people from all walks of life are laregely disappointed by the outcome. The poor, in particular, are still st...

VAT information not mandatory to get bank loan

-- 2020-06-30 20:41:50

The National Board of Revenue (NBR) has withdrawn its directive to make Value Added Tax (VAT) information mandatory for approving bank loan proposals. The NBR took the decision so that taxpayers do n...

‘FDI to be very important for BD, UK for COVID-19 recovery’

-- 2020-06-30 17:38:57

British High Commissioner to Bangladesh Robert Chatterton Dickson has said foreign direct investment, including from the UK, would be very important for helping both Bangladesh and the UK economies re...

Stocks edge higher on last session of FY20

FE ONLINE REPORT 2020-06-30 15:29:15

Stocks ended marginally higher on Tuesday, the last session of the fiscal year (FY) 2019-20, as some investors showed their appetite based on the quarterly earnings disclosures. DSEX, the key index o...

Bank Asia to form subsidiary for digital banking

FE Online Report 2020-06-30 11:46:36

The board of directors of Bank Asia Ltd has decided to form a subsidiary company to conduct digital banking activities subject to obtaining necessary approval from regulators. The board of the bank h...