The Financial Express

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DSE backs corporate tax cut demand

FE Report 2018-04-04 12:10:14

The government is willing to reduce the corporate tax rates in line with the proposals coming from various quarters. "The government wants to slash the corporate tax rates, but it's not certain when...

Takaful Insurance recommends 11pc dividend

FE Online Report 2018-04-04 11:13:35

The board of directors Takaful Insurance has recommended 5.0 per cent cash and 6.0 per cent stock dividend for the year ended on December 31, 2017, said an official disclosure on Wednesday. The final...

Export earnings decline by 1.38pc in March

FE Report 2018-04-04 00:33:59

The country's export earnings in March dropped by 1.38 per cent to $3.05 billion, compared to the corresponding month of last calendar year, according to officials data released on Tuesday. In March...

BB fixes fees against loans for financial institutions

-- 2018-04-03 18:13:17

Bangladesh Bank (BB) has fixed fees against credit or lease for all financial institutions (FIs). As per a circular issued by the central bank on Monday, the fees for all FIs against loans will be th...

ECNEC approves 10 projects worth Tk 34.16b

FE Online Report 2018-04-03 17:58:41

The Executive Committee of the National Economic Council (ECNEC) approved 10 projects at a combine cost of Tk 34.16 billion at its meeting Tuesday. Prime Minister Sheikh Hasina presided over the meet...

HC asks eight to surrender over 1996 stock scam

-- 2018-04-03 17:22:34

The High Court has ordered eight directors of two companies to surrender before the trial court in two cases filed over the 1996 share market scam. The HC bench of Justice Md Rais Uddin passed the or...

Stocks retreat on profit booking

FE Online Report 2018-04-03 15:46:18

Stocks drifted lower Tuesday, snapping a three-day winning streak, as risk-averse investors opted to book quick gain. Market operators said the market returned to the red as retail investors went f...

DCCI proposes NBR to slash corporate tax rates

FE Online Report 2018-04-03 15:37:14

The Dhaka Chamber of Commerce & Industry (DCCI) on Tuesday proposed the revenue authority to slash corporate tax rates in phases for listed and non-listed companies in the upcoming budget. The ch...

Bangladesh estimates 7.65pc growth for FY18

-- 2018-04-03 14:25:28

Bangladesh has estimated that per capita income will rise to $1,752 in the current fiscal year (FY) ending Jun 30 from $1,610 a year ago. Planning Minister AHM Mustafa Kamal revealed the information...

Export earnings up by 6.33pc in nine months

FE Online Report 2018-04-03 14:06:47

The country's export earnings maintained a moderate growth of 6.33 per cent during the first nine months of the current fiscal year (FY), 2017-18. The export earnings stood at US$27.45 billion during...

Beximco Pharma completes acquisition of Nuvista Pharma

FE Online Report 2018-04-03 13:05:00

Beximco Pharmaceuticals has completed accusation of 85.22 per cent stake in Nuvista Pharma to strengthen its position in hormones and steroids segments. “The board of directors of Beximco Pharm...

Stocks soar on buying spree at opening

FE Online Report 2018-04-03 11:33:39

The prices of most of the stocks witnessed positive trend in early trading Tuesday, as investors continued their buying spree encouraged by the government’s steps to ease the ongoing liquidity...

Intraco Refuelling to hold IPO lottery Apr 17

FE Online Report 2018-04-03 11:27:46

The initial public offering (IPO) lottery of Intraco Refuelling Station will be held on April 17 to allocate 30 million ordinary shares among the successful applicants, officials said. The lottery...

Bashundhara Paper’s IPO subscription to begin April 26

FE Report 2018-04-03 10:30:45

Public subscription of Bashundhara Paper Mills is set to begin on April 26 for raising Tk 2.0 billion from the capital market under the book-building method. Bashundhara Paper Mills received the re...

Remittance inflow rebounds

FE Report 2018-04-03 09:47:46

The flow of inward remittance bounced back in March after a falling trend in the previous month, as the exchange rate of the local currency maintained stability against the US dollar, officials said....

FICCI proposes gradual cut in corporate tax

FE Report 2018-04-03 09:38:15

Foreign investors have proposed the National Board of Revenue (NBR) to devise a plan to cut corporate tax rates gradually and expand the tax net over the next five years. The members of the Foreign I...

Only strong banks should get state entities' deposit

FE Report 2018-04-03 00:27:30

Only the strong and well-managed banks should be allowed to receive 50 per cent deposit of the state entities, a leading economist of the country opined on Monday. "Not all the banks should be allowe...

Dhaka Bank launches transactional account ‘Shukti’

-- 2018-04-03 00:21:02

Dhaka Bank Limited has recently launched a transactional account namely 'Shukti' to benefit business enterprises to do more business transactions at its corporate office. In addition to get interest...

Habibur Rahman Prime Bank's new AMD

-- 2018-04-03 00:15:26

Habibur Rahman has been promoted to the position of Additional Managing Director (AMD) of Prime Bank. Prior to his promotion, he was Deputy Managing Director (DMD) of the bank. Mr. Rahman has been ass...

NBR wants FICCI's assistance for tax collection

-- 2018-04-02 19:35:54

National Board of Revenue (NBR) on Monday has sought cooperation from the business community for collection of tax from potential areas and individuals still remaining out of tax net. "This time the...

Bourses see upward trend at opening

FE Online Report 2018-04-02 11:52:13

The prices of most of the stocks witnessed upward trend in early trading Monday, as investors are showing their buying spree sector-wise stocks encouraged by the government’s move to ease the...

NBR to settle long-standing BPC VAT dues thru' book adjustment

Doulot Akter Mala 2018-04-02 10:18:12

The revenue authority is set to settle the long-standing Value Added Tax (VAT) worth Tk 35.64 billion dues from Bangladesh Petroleum Corporation (BPC) through book adjustment after all its efforts to...

Dhaka bourse EGM on April 30 to approve strategic partner

FE Report 2018-04-02 10:17:31

Dhaka Stock Exchange (DSE) will hold extra-ordinary general meeting (EGM) on April 30 to take general shareholders' approval for the share purchase agreement to be signed with its strategic partner....

BSEC takes fresh move to ensure full compliance

FE Report 2018-04-02 10:12:03

The securities regulator has moved to ensure proper compliance on holding minimum amount of shares of listed companies by the sponsor-directors individually and jointly. The regulatory move came foll...

BB takes new measures to beef up liquidity supply

Siddique Islam 2018-04-02 00:17:00

Bangladesh Bank (BB) will slash Cash Reserve Requirement (CRR) of the banks by 1.0 percentage point to 5.50 per cent to help mitigate the present liquidity crunch in the banking system. The decision...

BD’s topmost challenge lies in reducing gaping disparity

Asjadul Kibria 2018-04-02 00:15:19

A macro-development economist of international renown noted with satisfaction the progress Bangladesh achieved in 47 years but warned that the rising disparity might derail the overall development. "...

Meghna Group celebrates launching eight new units in MEZ, MIEZ

-- 2018-04-02 00:13:16

Meghna Group of Industries (MGI) on Saturday celebrated inauguration of eight new industries of Meghna Economic Zone (MEZ) and Meghna Industrial Economic Zone (MIEZ) at Meghnaghat of Sonargaon in Nara...

Apollo Ispat inaugurates environment friendly galvanising factory

FE Online Report 2018-04-01 19:50:21

Appollo Ispat Complex, a subsidiary of Apollo Group, launched an environment friendly galvanising factory in Narayanganj on Sunday. Industries Minister Amir Hossain Amu inaugurated the plant as the...

BB to cut CRR by 1.0 percentage point

FE Online Report 2018-04-01 16:18:07

The central bank of Bangladesh will slash the Cash Reserve Requirement (CRR) by 1.0 percentage point to 5.5 per cent from the existing level of 6.50 per cent to help mitigating the ongoing liquidity c...

DSEX sees biggest single-day gain in three years

FE Online Report 2018-04-01 15:47:13

The prime index of the Dhaka Stock Exchange soared 2.67 per cent, the biggest single-day gain reported in the last three years as investors took position on stocks encouraged by the government’s...