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The Financial Express

Search results for: Bangla

5.0pc VAT on app-based ride-sharing services

5.0pc VAT on app-based ride-sharing services

-- 2018-06-07 19:36:43

The government has slapped a five per cent VAT on app-based ride-sharing services of the country. The National Board of Revenue (NBR) has issued an SRO in this connection, reports UNB. In the SRO, t...

Inflation target 5.6pc

Inflation target 5.6pc

FE Online Report 2018-06-07 15:37:03

The government has forecasted the inflation rate at a comfortable level of 5.6 per cent in the next financial year (FY) 2018-19.As for the outgoing FY2018, the target rate was revised up to 5.8 per ce...

Govt eyes 10m registered taxpayers by FY23

Govt eyes 10m registered taxpayers by FY23

-- 2018-06-07 15:34:29

Bangladesh aims to raise the number of registered taxpayers to 10 million and increase the number of tax return filers to 8 million by the end of fiscal 2022-23. Finance Minister AMA Muhith announced...

Stocks fall back amid budget declaration

Stocks fall back amid budget declaration

FE Online Report 2018-06-07 15:28:06

Country’s both bourses backed to the red on Thursday, breaking a two-day gaining streak, amid budget declaration day. DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), fell more th...

Govt sets GDP growth at 7.8pc

Govt sets GDP growth at 7.8pc

FE Online Report 2018-06-07 15:21:41

The government has set a 7.8 per cent Gross Domestic Growth (GDP) growth target for the next financial year (FY) 2018-19, aiming to take it on the higher trajectory within next couple of years. The g...

Lower tax for listed banks

Lower tax for listed banks

FE Online Desk 2018-06-07 15:05:54

Finance Minister AMA Muhith has proposed to reduce corporate tax for listed banks, insurance and financial companies, aiming at pulling in investors. Muhith said this while placing the proposed budg...

Muhith placing Tk 4.64 trillion-budget

Muhith placing Tk 4.64 trillion-budget

FE Online Report 2018-06-07 13:13:34

Finance Minister AMA Muhith has been placing the last budget of this government for the fiscal year 2018-19. He started placing the Tk 4.64 trillion-plus budget before the parliament at 12:53 in the...

Markets open higher on budget day

Markets open higher on budget day

FE Online Report 2018-06-07 11:38:53

The prices of most of the shares on both bourses witnessed upward trend in early hour of trading Thursday as some investors continued their buying appetite on sectors-wise stocks. Meanwhile, the Fi...

Sluggish DSE turnover hits govt revenue

Sluggish DSE turnover hits govt revenue

Babul Barman 2018-06-07 11:15:50

The government's revenue earnings from the Dhaka bourse fell 27 per cent month-on-month in May this year on the back of falling trade volume and value. Market insiders said the sluggish trading act...

BD Autocars’s share price soaring sans PSI

BD Autocars’s share price soaring sans PSI

FE Report 2018-06-07 11:04:54

Bangladesh Autocars has displayed an 'abnormal' price hike on Dhaka Stock Exchange (DSE) despite there was no undisclosed price sensitive information (PSI). The company's share price has shoot up b...

Plea to keep remittance inflow out of tax net

Plea to keep remittance inflow out of tax net

FE Report 2018-06-07 10:20:07

Non-resident Bangladeshis (NRBs) urged the government to keep their hard-earned money out of the tax net to encourage remittance of their earnings home. The Centre for Non Resident Bangladeshis (Cent...

BB launches term repo for banking system liquidity

BB launches term repo for banking system liquidity

Siddique Islam 2018-06-07 10:08:17

The Bangladesh Bank (BB) introduced a term repurchase agreement (repo) facility for the first time on Wednesday to ensure liquidity in the banking system. Under the term repo, the banks are allowed t...

Muhith set to place Tk 4.64 trillion budget

Muhith set to place Tk 4.64 trillion budget

FE Report 2018-06-07 09:41:04

Finance Minister AMA Muhith is set to unveil the last budget of this government today (Thursday). He is due to start placing the Tk 4.64 trillion-plus budget before Jatiya Sangsad at 12:30 in the aft...

Stocks soar on budgetary hopes

Stocks soar on budgetary hopes

FE Online Report 2018-06-06 15:40:54

Stocks ended higher for the second day in a row on Wednesday amid budgetary expectations. DSEX, the benchmark index of the Dhaka Stock Exchange, finished the day at 5398 points, after posting a ris...

Stocks manage gains ahead of budget

Stocks manage gains ahead of budget

FE Online Report 2018-06-06 12:04:05

The prices of most of the shares on both bourses witnessed upward trend in early hour of trading Wednesday as some investors are showing their buying appetite on sectors-wise stocks. Brokers said t...

Non-payment of debt: Muhith slams BPC

Non-payment of debt: Muhith slams BPC

Syful Islam 2018-06-06 10:12:54

Finance Minister AMA Muhith expressed his deep annoyance at the Bangladesh Petroleum Corporation's (BPC's) failure to pay its debt to the government. "The BPC is violating both policy and rules conce...

BB asks banks to be diligent in loan disbursement

BB asks banks to be diligent in loan disbursement

FE Report 2018-06-06 09:26:21

The central bank has again directed the commercial banks to ensure that the loans they disburse are not diverted to uses other than the ones proposed originally, officials said on Tuesday. If any sor...

Education, healthcare, infrastructure will get priority in budget

Education, healthcare, infrastructure will get priority in budget

-- 2018-06-05 20:27:20

Healthcare, education and infrastructure development will get priority in the national budget for the financial year 2018-19 (FY19) to achieve sustainable development goals (SDGs). “The propose...

EBL approves 20pc cash dividend

EBL approves 20pc cash dividend

FE Online Desk 2018-06-05 16:20:00

Eastern Bank limited (EBL) has approves 20 per cent cash dividend for the year ending on December 31, 2017. The approval was given at its 26th annual general meeting (AGM) held at Police Convention...

Stocks spike into positive territory

Stocks spike into positive territory

FE Online Report 2018-06-05 14:51:49

Stocks spiked into positive territory, on Tuesday, snapping a six-day losing streak, as optimistic investors went on buying spree. Brokers said some investors showed their buying appetite on large-...

Baraka Power’s application to raise capital declined

Baraka Power’s application to raise capital declined

FE Online Report 2018-06-05 12:04:07

The securities regulator has turned down Baraka Power’s application to raise authorised capital through issuance of preference shares due to non-compliance of securities rules. The company fa...

DSE, CSE creep higher in early trading

DSE, CSE creep higher in early trading

FE Online Report 2018-06-05 11:41:45

The prices of most of the shares on both bourses witnessed upward trend in early hour of trading Tuesday as some investors are showing their buying appetite on sectors-wise stocks. Following the pr...

Low-cap cos' share prices continue to soar sans PSI

Low-cap cos' share prices continue to soar sans PSI

FE Report 2018-06-05 10:32:25

The share prices of some low-cap companies continued to soar 'abnormally' in a bearish market, despite having no price sensitive information (PSI). The share prices of Monno Jute Stafflers, Zeal Bang...

Skilled HR, tech-savvy banking help bring good returns for MTB

Skilled HR, tech-savvy banking help bring good returns for MTB

Mohammad Mufazzal 2018-06-05 10:17:26

Skilled human resources and tech-savvy banking products have yielded significant returns for Mutual Trust Bank (MTB) in the last consecutive five years. According to MTB top officials, eclectic and e...

Banking commission by this month: Muhith

Banking commission by this month: Muhith

FE Report 2018-06-05 10:08:02

Finance Minister AMA Muhith said on Monday the upcoming budget will see increase in taxes in a few areas as the national election looms. "The new taxes are a very few. The rate of increase will also...

Banks' provision shortfall swells by 18pc in Q1

Banks' provision shortfall swells by 18pc in Q1

FE Report 2018-06-05 10:03:49

Overall shortfall in provision against both classified and unclassified loans in the country's banking system swelled by nearly 18 per cent or Tk 11.91 billion in the first quarter (Q1) of the current...

Call to frame Islamic banking law

Call to frame Islamic banking law

FE Report 2018-06-05 09:52:08

The government should formulate a separate law to give Islamic banking a strong legal coverage, experts said on Monday. At the same time, Islamic banks in the country should look to introduce more Sh...

No new tax in upcoming budget, Muhith assures

No new tax in upcoming budget, Muhith assures

-- 2018-06-04 20:41:04

Finance Minister Abul Maal Abdul Muhith has said the government is not imposing any new tax in the upcoming national budget. “The good news is there is a very limited increase in tax rates. Hap...

Secondary trading of t-bills, bonds drops in April

Secondary trading of t-bills, bonds drops in April

FE Online Report 2018-06-04 18:52:14

Secondary trading of the treasury bills (t-bills) and treasury bonds (t-bonds) declined sharply in the month of April this year. Central bank statistics showed that total turnover of t-bills and t-bo...

Inflation rate drops slightly in May

Inflation rate drops slightly in May

FE Online Report 2018-06-04 16:54:21

The point-to-point inflation rate in the last month dropped to 5.57 per cent compared to that of 5.63 per cent in the previous month April, official data showed. Bangladesh Bureau of Statistic (BBS)...