The Financial Express

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BB allows FCBs to remit shares of head office expenses

FE Report 2018-06-11 10:26:31

Foreign commercial banks (FCBs) operating in Bangladesh are allowed to remit the shares of expenses at their head offices without the central bank's prior approval. "The FCBs will be able to remit su...

PM seeks partnership among G7, vulnerable countries on blue economy

-- 2018-06-10 20:30:41

Prime Minister Sheikh Hasina Sunday sought partnership of G7 countries with vulnerable countries for sustainable management and protection of marine and coastal ecosystem. “Partnership between...

Stocks end lower after budget announcement

FE Online Report 2018-06-10 14:51:46

Stocks plummeted on Sunday, the first session after budget announcement, as investors reacted negatively to the proposed budget. Market insiders said investors were frustrated as there was no specifi...

BSRM to set up subsidiary co in Hong Kong

FE Online Report 2018-06-10 13:13:44

Bangladesh Steel Re-Rolling Mills, a concern of Chittagong-based BSRM Group, has decided to set up a subsidiary company in Hong Kong. The name of the subsidiary company will be “BSRM (Hong Kong...

Stocks mostly lower on selling spree

FE Online Report 2018-06-10 11:46:13

The prices of most of the shares on both bourses witnessed a negative trend in the early hour of trading Sunday as some investors continued their selling spree on sectors-wise stocks. Brokers said in...

Pre-polls tension could weigh on economy: IMF

FE Report 2018-06-10 11:30:16

The International Monetary Fund (IMF) has projected a 7.0 per cent economic growth for Bangladesh in the next fiscal year (FY), 2018-19. The growth projection is 0.80 percentage points lower than the...

Profits of banks, NBFIs may increase due to cut in corporate tax rate

FE Report 2018-06-10 11:00:46

Stakeholders in the banking, insurance and financial institutions (FIs) sectors have expressed satisfaction over the budget proposal to cut the corporate tax rates. They expected that the tax-cut mea...

Land acquisition a new problem area for RHD

Munima Sultana 2018-06-10 10:55:04

Money paid as compensation for acquiring private land now eats up the most part of cost of projects belonging to the Roads and Highways Department (RHD). The recent hike in the official rate of compe...

Monitor mega-projects strictly before polls: SANEM

FE Report 2018-06-10 10:51:59

A think-tank has called for strict monitoring of ongoing mega projects ahead of the national elections. "Instead of focusing on spending, we need to focus on the quality of the projects," said the he...

DSE welcomes budget

FE Report 2018-06-10 10:43:36

Dhaka Stock Exchange (DSE) has appreciated the budgetary measures for fiscal year 2018-19, especially the importance laid on small and medium enterprises (SMEs) and setting up of industries in the dis...

BD’s outbound investment more than triples

FE Report 2018-06-10 10:21:31

The outflow of foreign direct investment (FDI) from Bangladesh to other countries surged by more than three times in a year. The outward flow means Bangladeshi business entities or Bangladesh-based m...

Economic growth to fall short of target: IMF

FE Online Report 2018-06-09 19:31:53

The International Monetary Fund (IMF) has forecasted a slightly lower per cent of economic growth than the government target for the upcoming fiscal year 2018-19 (FY19) The IMF projected a 7.0 per c...

Tofail says the budget will help the poor also

-- 2018-06-09 18:12:43

Commerce Minister Tofail Ahmed on Saturday said the proposed budget will benefit everyone, rich and poor. Tofail said it while speaking as the chief guest of a zakat distribution ceremony in Sadar u...

FBCCI for stern action against loan defaulters

FE Online Report 2018-06-09 15:57:59

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Saturday demanded strict punishment against those involved in misappropriating bank loans. The apex trade body, at the same...

BD needs to boost productive investment: IMF

-- 2018-06-09 11:35:16

Bangladesh will need to boost productive investment by addressing infrastructure bottlenecks and strengthening the banking sector to keep ongoing momentum unhurt, the IMF said in its annual assessment...

LafargeHolcim brings new plastering cement

Babul Barman 2018-06-09 11:23:09

LafargeHolcim Bangladesh has recently launched new specialised cement for plastering. "Plastered surface will be more durable, less prone to cracks thus requiring less repair and maintenance," Rajesh...

Stocks break six-week losing streak

FE Report 2018-06-09 11:20:26

Stocks posted marginal gains last week, snapping a six-week losing streak, amid budgetary expectations. Week-on-week, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 22.79 points...

CPD opposes corporate tax cut for banks, FIs

FE Report 2018-06-09 10:15:50

A think-tank has opposed the new budgetary proposal for slashing the corporate tax rate of banks and financial institutions (FIs). Such a move, the Centre for Policy Dialogue (CPD) said can no way he...

FICCI finds budget 'highly challenging'

FE Report 2018-06-09 10:11:00

The Foreign Investors' Chamber of Commerce and Industry (FICCI) has termed the proposed national budget for the next fiscal year (FY), 2018-2019, 'highly challenging'. In a post-budget reaction on Fr...

Continuation of tax-free threshold disappoints MCCI

FE Report 2018-06-09 00:48:28

Attaining the increased revenue target for the new fiscal will continue to be a major challenge, despite a rise in the number of tax payers, said a leading chamber. The National Board of Revenue (NBR...

Muhith hopes to achieve budget targets

-- 2018-06-08 19:46:54

Finance Minister Abul Maal Abdul Muhith has said all targets set in the proposed budget for next fiscal year (2018-19) are achievable. “Whenever we place a budget, then we definitely place it a...

'VAT proposal on online shopping a printing mistake'

-- 2018-06-08 16:20:57

The proposal to impose 5 per cent value added tax (VAT) on online shopping was printed mistakenly on the script of finance minister's budget speech. Chairman of National Board of Revenue (NBR) Md Mos...

Budget lacks clarity about source of fund: CPD

-- 2018-06-08 13:15:50

The Centre for Policy Dialogue (CPD) says the proposed budget lacks clarity about the source of fund and expenditure. It termed the projected revenue unrealistic and pointed out that there is no clea...

Budgetary deficit to soar by 12pc

FE Report 2018-06-08 09:56:04

The overall budget deficit is set to widen by nearly 12 per cent in Fiscal Year (FY) 2018-19 as the government's expenditures will exceed revenue income. The deficit is estimated at Tk 1.25 trillion...

Actual budget size shrinks

Jasim Uddin Haroon 2018-06-08 09:40:11

The rate of budget implementation in the country has been shrinking gradually over the years, according to government data. This implies that there is an increasing gap between the original budget...

Businesses express mixed reactions

FE Report 2018-06-08 09:35:02

The country's trade body leaders expressed mixed reactions on Thursday over the proposed budget for the next fiscal year (FY), 2018-19. Many of them were disappointed for not lowering corporate tax f...

Economists term the budget 'expansionary'

FE Report 2018-06-08 09:24:49

Prominent economists of the country have termed the latest budget 'expansionary as usual'. It has been formulated keeping in mind the upcoming national election, according to their opinions. They ha...

Interest, subsidy to eat up almost 30pc of revenue budget

FE Report 2018-06-08 09:18:30

Interest payment and subsidy will eat up almost 30 per cent of the revenue budget for the next fiscal year (FY). Finance Minister AMA Muhith proposed in his budget speech on Thursday an allocation of...

A benign and routine budget

Shamsul Huq Zahid 2018-06-08 09:14:42

As expected, Finance Minister AMA Muhith, on Thursday, in keeping with the past trend, placed even a bigger budget for fiscal year (FY) 2018-19 that appears benign, in terms of tax proposals, and sele...

Budget proposes 2.50pc cut in corporate tax

FE Report 2018-06-07 22:09:15

The government has proposed to cut the corporate tax rates by 2.50 per cent for publicly and non-publicly traded banks, insurance companies and financial institutions (FIs). Placing the national budg...