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The Financial Express

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Bangladesh economy starts recovering, but hurdles remain: MCCI

Bangladesh economy starts recovering, but hurdles remain: MCCI

FE REPORT 2021-02-26 10:54:08

Bangladesh's economy has started recovering from the Covid-19 shocks, although some major challenges are there in some areas for maintaining its growth momentum, the Metropolitan Chamber of Commerce a...

Planning Commission proposes slashing down development budget by Tk 75b

Planning Commission proposes slashing down development budget by Tk 75b

FHM HUMAYAN KABIR 2021-02-26 10:43:19

The Planning Commission (PC) on Thursday finalised the draft of Revised Annual Development Programme (RADP) for the current fiscal year (FY), reducing the allocations by Tk 75 billion to Tk 1.97 trill...

Covid-19 impact: NBR devises ways to boost revenue collection

Covid-19 impact: NBR devises ways to boost revenue collection

-- 2021-02-25 17:10:03

The National Board of Revenue (NBR) has devised five strategies to boost its revenue collection offsetting the negative impacts of the Covid-19 pandemic. The decision to adopt the methods was taken a...

DSE key index exceeds 5,400-mark again

DSE key index exceeds 5,400-mark again

FE Online Report 2021-02-25 16:34:13

Stocks ended higher for the two straight sessions on Thursday, with the key index of the major bourse crossing the 5,400-mark again, as bargain hunters were active on sector-wise lucrative issues. Th...

Stocks open mixed amid lacklustre trading

Stocks open mixed amid lacklustre trading

FE ONLINE REPORT 2021-02-25 11:34:47

Stocks opened mixed on Thursday as investors mostly maintained a cautious stance amid persistent lacklustre trading. The market swung between positive and negative in the early trading this morning a...

IPO quota facility of three merchant banks to be scrapped: BSEC

IPO quota facility of three merchant banks to be scrapped: BSEC

FE Report 2021-02-25 08:43:49

The securities regulator has decided to scrap the IPO (initial public offering) quota facility of three merchant banks for shortage of paid-up capital required to conduct operations as portfolio manag...

Chartered accountants emphasise automated auditing practice

Chartered accountants emphasise automated auditing practice

FE Report 2021-02-25 08:42:05

Speakers at a workshop Wednesday said the country's accountants have to prepare themselves for fully automated auditing practice in near future. They said chartered accountants professionals have glo...

Authorised dealers can give loan in Taka to Type-C units of EPZs

Authorised dealers can give loan in Taka to Type-C units of EPZs

FE REPORT 2021-02-25 08:34:36

The Authorised Dealers (ADs) have been allowed to extend loan facilities to the Type-C industries of the Export Processing Zones (EPZs) in Taka, as admissible to such industries outside the EPZs. S...

Stocks snap five-day losing streak

Stocks snap five-day losing streak

FE Online Report 2021-02-24 16:05:11

Stocks rebounded on Wednesday, breaking a five-day losing streak, powered by investors’ buying spree on large-cap stocks. The market opened higher and the upbeat trend sustained till the end of...

Stocks rise at opening, turnover remains low

Stocks rise at opening, turnover remains low

FE ONLINE REPORT 2021-02-24 10:55:25

Stocks open higher on Wednesday, after a five-day losing streak, as bargain hunters were active on lucrative issues. After hitting a two-month low of the Dhaka Stock Exchange’s core index in th...

Bridging gap between planners and beneficiaries emphasised

Bridging gap between planners and beneficiaries emphasised

FE REPORT 2021-02-24 09:00:32

Planning Minister M A Mannan said there should be a bridge between the country's development plan makers and the root-level beneficiaries to reap optimum benefits of development. "We usually formul...

Glitch stops investors from buying govt savings tools

Glitch stops investors from buying govt savings tools

Doulot Akter Mala 2021-02-24 08:46:45

Aspirant investors are facing difficulties to buy the government's savings tools due to technical glitch in the system concerned. A number of investors have complained that they could not buy the t...

Youth livelihoods severely affected by Covid-19

Youth livelihoods severely affected by Covid-19

FE REPORT 2021-02-24 08:21:22

The Covid-19 pandemic has wreaked havoc on the livelihoods of the country's young populations with nearly 70 per cent of them witnessing a fall in income, a study revealed on Tuesday. The loss of e...

DSEX sinks to two-month low

DSEX sinks to two-month low

FE ONLINE REPORT 2021-02-23 16:43:01

Stocks extended the losing streak on Tuesday, with the core index of the Dhaka Stock Exchange (DSE) dipped to two-month low, as investors stayed cautious amid prolonged bearish trend. DSEX, the prime...

Stocks open lower amid lackluster trade

Stocks open lower amid lackluster trade

FE ONLINE REPORT 2021-02-23 11:31:55

Stocks opened marginally lower in early trading on Tuesday as investors continued their sell-offs on sector-wise issues amid persistently lackluster trade. However, debutant eGeneration Ltd, which re...

IT zone at KEPZ gets private hi-tech park status

IT zone at KEPZ gets private hi-tech park status

FE REPORT 2021-02-23 08:56:47

Information Technology zone of the Korean Export Processing Zone (KEPZ) in Chattogram has received the status of a private hi-tech park, which will be established on 100 acres of land. To this effe...

Taxpayers' money to be sought to restructure ICB

Taxpayers' money to be sought to restructure ICB

FE Report 2021-02-23 08:40:05

Foreign investors have evinced interest to invest in the country's large projects including power plants. Their interest came following the securities regulator's presentation recently made at its...

Bangladesh urged to sign Singapore convention on mediation

Bangladesh urged to sign Singapore convention on mediation

FE REPORT 2021-02-23 08:23:04

Experts have suggested that Bangladesh sign the Singapore convention on mediation to encourage foreign direct investment (FDI) as investors often seek amicable methods of commercial dispute resoluti...

DSE turnover hits seven-month low

DSE turnover hits seven-month low

FE ONLINE REPORT 2021-02-22 17:16:07

The daily trade turnover on the prime bourse fell below Tk 5.0 billion-mark on Monday, hitting a seven-month low, as most investors were reluctant to make fresh investment in stocks. Turnover, a cruc...

Stocks plunge at opening amid lackluster trade

Stocks plunge at opening amid lackluster trade

FE ONLINE REPORT 2021-02-22 11:41:40

Stocks nosedived in early trading on Monday as investors continued their sell-offs on sector-wise issues amid persistently lackluster trade. Following the previous week’s downward trend, the Dh...

Bangladesh plans large-scale commercial coffee production as cultivation gains traction

Bangladesh plans large-scale commercial coffee production as cultivation gains traction

-- 2021-02-21 16:08:14

Buoyed by a surge in interest in coffee farming that had a modest beginning in the Chattogram Hill Tracts back in the 1990s, Bangladesh plans large-scale commercial production of coffee beans. Coffee...

BSEC sees no need of new provision in Companies Act

BSEC sees no need of new provision in Companies Act

Mohammad Mufazzal 2021-02-21 09:08:55

The securities regulator sees no bar in implementing its directive recently issued to settle investors' claims for unclaimed or unpaid or unsettled dividends. It also finds no need of introducing a...

57,000 companies come under tax net

57,000 companies come under tax net

FE REPORT 2021-02-21 09:00:16

An estimated 70 per cent or 57,000 companies have been brought under tax net in just three months, thanks to a document verification system (DVS). A corporate compliance taskforce report of the Nat...

Oil, gas companies in trouble due to tax complexities

Oil, gas companies in trouble due to tax complexities

DOULOT AKTER MALA 2021-02-21 08:36:34

The International Oil Companies (IOCs) as well as local ones are facing complexities in releasing imported supplies and equipment for gas plants from the ports due to imposition of taxes. The IOCs...

Oil, gas companies in trouble due to tax complexities

Oil, gas companies in trouble due to tax complexities

DOULOT AKTER MALA 2021-02-21 08:36:34

The International Oil Companies (IOCs) as well as local ones are facing complexities in releasing imported supplies and equipment for gas plants from the ports due to imposition of taxes. The IOCs...

Bangladesh's publishing industry hit hard by pandemic

Bangladesh's publishing industry hit hard by pandemic

JUBAIR HASAN and SAIF UDDIN 2021-02-21 08:06:53

Country's publishing industry is in dire straits due to the prolonged closure of educational institutions in the aftermath of the Covid-19 pandemic. The closure has cut down the sales of publishing h...

NBR seeks budget proposals from chambers, associations for next fiscal

NBR seeks budget proposals from chambers, associations for next fiscal

-- 2021-02-20 19:16:23

The National Board of Revenue (NBR) has sought budget proposals from the chambers and associations as the government has started preparations for framing the national budget for fiscal year (FY2021-22...

World Bank may approve $1.6b vaccine funding for Bangladesh, 11 others

World Bank may approve $1.6b vaccine funding for Bangladesh, 11 others

-- 2021-02-20 18:34:26

The World Bank is likely to approve $1.6 billion in vaccine funding for 12 countries, including Bangladesh, the Philippines, Tunisia and Ethiopia, by the end of March. World Bank President David Malp...

eGeneration appoints three new independent directors

eGeneration appoints three new independent directors

FE Online Desk 2021-02-20 14:15:10

Md Eshaque Ali Khondakar, FCA, Dr Mohammed Shafiul Alam Khan, Dr Md Musfiqur Rahman, FCMA have been appointed as independent directors to the Board of Directors of eGeneration Limited, according to a...

Baraka Patenga IPO shares bidding begins Monday

Baraka Patenga IPO shares bidding begins Monday

FE REPORT 2021-02-20 10:46:14

Baraka Patenga Power's bidding to explore the cut-off price of its IPO shares is set to begin on Monday (February 22), aiming to raise Tk 2.25 billion under the book-building method. The bidding - a...