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The Financial Express

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Stocks open marginally higher in choppy trading

Stocks open marginally higher in choppy trading

FE ONLINE REPORT 2021-03-04 11:22:26

Stocks opened on a positive trend on Thursday as bargain hunters were active on sector-wise issues. Within the first hour into trade, DSEX advanced more than 24 points while the CSE All Share Price I...

Tax receipts from Dhaka Stock Exchange double in 8 months

Tax receipts from Dhaka Stock Exchange double in 8 months

Babul Barman 2021-03-04 10:19:36

The government's revenue earnings from the prime bourse marked a whopping 101 per cent rise in the first eight months of the current fiscal year (FY) compared to the same period of the previous fiscal...

Exports slightly drop in July-Feb period

Exports slightly drop in July-Feb period

FE REPORT 2021-03-04 08:01:49

The country's earnings from export of merchandise goods during the first eight months of the current fiscal year (FY), 2020-21, fell short of the strategic target by 3.61 per cent and reached US$ 25.8...

DCCI urges revenue board to reduce corporate tax

DCCI urges revenue board to reduce corporate tax

FE REPORT 2021-03-04 07:54:30

The Dhaka Chamber of Commerce and Industry (DCCI) on Wednesday proposed a gradual cut in the corporate tax rates, starting from the next fiscal year (FY). As per the plan, the chamber sought a 2.5 pe...

Stocks edge down after volatile trading

Stocks edge down after volatile trading

FE ONLINE REPORT 2021-03-03 16:38:11

The market slipped into the red on Wednesday, after a sharp rise in the previous day, as risk-averse investors opted for booking profits on quick-gaining stocks. Following the previous day’s sh...

Beximco to issue Tk 30b Sukuk to expand business

Beximco to issue Tk 30b Sukuk to expand business

FE ONLINE REPORT 2021-03-03 12:51:21

The board of directors of Beximco Ltd has decided to issue the first-ever private sector asset-backed Islamic Shariah compliant Sukuk Al Istisna for Tk 30 billion. This will be the largest ever issua...

12 small-cap companies keen to raise capital

12 small-cap companies keen to raise capital

FE Report 2021-03-03 10:01:48

Some 12 small-cap companies have showed interest to raise capital through the bourses' SME boards to accelerate their business growth. The companies expressed their interest Tuesday at a meeting he...

NEC approves Tk 1.98t revised ADP for FY21

NEC approves Tk 1.98t revised ADP for FY21

-- 2021-03-02 18:23:54

The National Economic Council (NEC) on Tuesday approved Tk 1.98 trillion (197,643 crore) revised Annual Development Programme (RADP) for the current fiscal year, downsizing the original ADP size of Tk...

DSEX exceeds 5,500-mark again

DSEX exceeds 5,500-mark again

FE Online Report 2021-03-02 17:36:34

Stocks soared Tuesday with the key index of the major bourse crossing the 5,500-mark after a week, as optimistic investors continued their appetite on sector-wise stocks. The market opened on a posit...

Baraka Patenga Power’s cut-off price fixed at Tk 32 each

Baraka Patenga Power’s cut-off price fixed at Tk 32 each

FE ONLINE REPORT 2021-03-02 14:20:47

The cut-off price of shares of Baraka Patenga Power has been fixed at Tk 32 each through electronic bidding by eligible investors. The bidding – a requirement for going public under the book-bu...

Stocks open higher amid rising turnover

Stocks open higher amid rising turnover

FE ONLINE REPORT 2021-03-02 11:44:21

Stocks opened on an upbeat note on Tuesday as optimistic investors are showing their appetite on sector-wise issues. Following the previous day’s positive ending, the Dhaka Stock Exchange (DSE)...

Remittances surge to $16.69b in July-February period

Remittances surge to $16.69b in July-February period

FE REPORT 2021-03-02 09:38:42

The country's inward remittance stood at an estimated 16.69-billion dollars in the first eight months of the current fiscal year (FY), 2020-2021. The amount was 33.51 per cent higher than that of the...

57,000 companies brought under tax net thanks to reporting database

57,000 companies brought under tax net thanks to reporting database

Ismail Hossain 2021-03-02 09:38:17

The Institute of Chartered Accountants of Bangladesh (ICAB) has made a move to reshuffle and revitalize its vigilant system on the chartered accountant firms to make them more compliant and bring in h...

Bangladeshi banks’ capital base improves marginally

Bangladeshi banks’ capital base improves marginally

SIDDIQUE ISLAM 2021-03-02 08:18:16

The capital base of the country's banks improved marginally in 2020 mainly due to the 'decline' in the volume of their non-performing loans (NPLs), officials said. The capital-to-risk weighted-asset...

Stocks open month on positive note

Stocks open month on positive note

FE ONLINE REPORT 2021-03-01 16:21:50

Stocks posted moderate gain on Monday, the first trading day of this month, as bargain hunters showed their appetite on sector-wise stocks. The market swung between positive and negative in the first...

Unilever Consumer Care declares 440pc dividend

Unilever Consumer Care declares 440pc dividend

FE ONLINE REPORT 2021-03-01 11:53:34

The board of directors of Unilever Consumer Care has recommended 440 per cent cash dividend for the year ended on December 31, 2020. The final approval of the dividend will come during the annual gen...

Stocks mixed at opening amid lackluster trade

Stocks mixed at opening amid lackluster trade

FE ONLINE REPORT 2021-03-01 11:47:32

Stocks opened mixed on Monday as investors were mostly cautious amid persistently lackluster trade. The market swung between positive and negative in the early trading as the investors were seen foll...

NRBC Bank's IPO lottery draw Wednesday

NRBC Bank's IPO lottery draw Wednesday

FE REPORT 2021-03-01 09:45:50

The initial public offering (IPO) lottery draw of NRBC Bank will be held on Wednesday (March 3) to allocate its 120 million ordinary shares among successful applicants. The commercial bank has rece...

Biggies exhaust Bangladesh Bank's aid packages

Biggies exhaust Bangladesh Bank's aid packages

FE REPORT 2021-03-01 08:11:34

All but one stimulus packages under the central bank's initiative are yet to be implemented fully although the deadline of the same will expire on March 31, according to a Bangladesh Bank (BB) report...

'Export earnings may decline by 8.0 to 10pc in post-LDC period'

'Export earnings may decline by 8.0 to 10pc in post-LDC period'

FE ONLINE REPORT 2021-02-28 20:57:36

Eminent economist Dr Debapriya Bhattacharya on Sunday said Bangladesh would lose a wide variety of preferences and privileges after graduation from least developed country (LDC) status. He said these...

Stocks slip into red breaking two-day winning streak

Stocks slip into red breaking two-day winning streak

FE ONLINE REPORT 2021-02-28 16:04:30

The market slipped into the red on Sunday, breaking a two-day winning streak, as investors mostly followed cautious stance amid lack of market triggers. The market opened on a positive note and the k...

Stocks rise at opening

Stocks rise at opening

FE ONLINE REPORT 2021-02-28 11:42:47

Stocks witnessed a positive trend in early trading on Sunday as bargain hunters were active on sector-wise issues. Following the previous week's decline, the Dhaka Stock Exchange and the Chittagong S...

Beneficiary owners' accounts on the rise, as IPOs lure investors

Beneficiary owners' accounts on the rise, as IPOs lure investors

FE Report 2021-02-28 10:06:48

The number of new beneficiary owners' (BO) accounts, used to invest and trade in the stock market, continued to rise following regulatory measures taken to ease the account opening process. The regul...

Move to speed up process to list small-cap companies

Move to speed up process to list small-cap companies

MOHAMMAD MUFAZZAL 2021-02-28 10:01:57

The securities regulator will sit with some small-cap companies this week to discuss their listing with the bourses under the SME board introduced earlier to facilitate the raising of capital by such...

Risks lurk for Bangladesh in post-LDC era

Risks lurk for Bangladesh in post-LDC era

FHM HUMAYAN KABIR 2021-02-28 09:53:43

Bangladesh's economy could be affected substantially after graduating to a developing nation in 2026 as it is not ready, mainly on trade front, to weather the impacts. Higher domestic tariff protecti...

UN recommends Bangladesh's graduation from LDC category

UN recommends Bangladesh's graduation from LDC category

FE ONLINE DESK 2021-02-27 12:10:29

The United Nations Committee for Development Policy (CDP) has recommended Bangladesh's graduation from the LDC (least developed country) category. The recommendation came at the CDP's triennial revie...

Preference shares start enticing investors

Preference shares start enticing investors

FE REPORT 2021-02-27 08:52:07

Individual investors are now showing interest in preference shares as reflected in the closing of a debt instrument subscription. People familiar with the development said high returns and tax bene...

Microcredit regulator forms committee to cut microloan interest rates

Microcredit regulator forms committee to cut microloan interest rates

ISMAIL HOSSAIN 2021-02-27 08:39:29

A move is underway to slash the existing 24 per cent interest rate or service charge, as imposed by the micro-finance institutions (MFIs), to give poor borrowers some relief. The Microcredit Regula...

Bangladesh to receive final recommendation on graduation from LDC

Bangladesh to receive final recommendation on graduation from LDC

-- 2021-02-26 16:35:22

Bangladesh is set to receive the final recommendation on its graduation from the least developed country status, as the nation marks the golden jubilee of its independence. Prime Minister Sheikh Hasi...

Revenue earning falls short of  target by Tk 368b in July-Jan

Revenue earning falls short of target by Tk 368b in July-Jan

DOULOT AKTER MALA 2021-02-26 10:55:53

The revenue collection fell by Tk 368.41 billion short of the target in the first seven months of the current fiscal year (FY) as businesses are yet to overcome the Covid-19 fallout. However, the Nat...