Loading...
The Financial Express

Search results for: ban

IPO subscription of NRBC Bank to open February 3

IPO subscription of NRBC Bank to open February 3

FE REPORT 2021-01-06 09:02:01

The initial public offering (IPO) subscription of NRB Commercial Bank is set to begin on February 3, aiming to raise Tk 1.20 billion through IPO under the fixed price method. The bank's IPO subscri...

Dhaka Stock Exchange daily turnover hits 10-year high

Dhaka Stock Exchange daily turnover hits 10-year high

FE REPORT 2021-01-06 08:52:06

Daily trade turnover on the Dhaka Stock Exchange (DSE) climbed to more than 10 years high on Tuesday, since the country's stock market had developed bubbles that soon burst in 2010. Turnover, a cru...

Banks required to keep additional 1.0pc general provisioning, BB clarifies

Banks required to keep additional 1.0pc general provisioning, BB clarifies

SIDDIQUE ISLAM 2021-01-06 08:41:20

All the scheduled banks will have to keep additional 1.0 per cent general provisioning against loans, which have enjoyed deferral/ time extension facilities, instead of all unclassified loans earlie...

NBR to review duty on rice, onion for addressing price volatility

NBR to review duty on rice, onion for addressing price volatility

DOULOT AKTER MALA 2021-01-06 08:20:26

The National Board of Revenue (NBR) is in the process of reviewing the import duties and taxes on rice and onion to rationalise their prices in the domestic market, according to the officials. It i...

Export earnings dip again amid Covid second wave

Export earnings dip again amid Covid second wave

-- 2021-01-05 21:36:20

Bangladesh’s export earnings have plummeted once again due to the coronavirus pandemic as a second and larger wave of infections has continued to shatter its major markets in the West. The coun...

Bangladesh lucrative investment destination in between India, China, says FM

Bangladesh lucrative investment destination in between India, China, says FM

-- 2021-01-05 18:49:14

Foreign Minister Dr AK Abdul Momen on Tuesday said Bangladesh, with its 165 million hard-working people in between two large economies like China and India, is a lucrative destination for investment....

Inflation slightly declines in December

Inflation slightly declines in December

-- 2021-01-05 18:11:20

The general point-to-point inflation rate came down by 0.23 percentage point to 5.29 per cent in December last year. Planning Minister MA Mannan gave the information while briefing reporters after we...

Revenue earnings from DSE soar 87pc

Revenue earnings from DSE soar 87pc

Babul Barman 2021-01-05 13:46:44

The government revenue earnings from the Dhaka bourse almost doubled in the July-December period of the current fiscal year compared to the same period of the previous fiscal as trading volume was on...

Tax from black money surges to Tk 102b as over 7,600 cleanse income

Tax from black money surges to Tk 102b as over 7,600 cleanse income

FE REPORT 2021-01-05 13:00:23

Some Tk 102.20 billion undisclosed income came into the formal channel in the first half (H1) of the current fiscal year, helped by the government's blanket opportunity. In a statement on Monday, the...

DSEX exceeds 5700-mark in early trading

DSEX exceeds 5700-mark in early trading

FE ONLINE REPORT 2021-01-05 11:05:25

Stocks witnessed a sharp rise in the early trading on Tuesday with the key index of the country's major bourse crossing the 5700-mark, as investors were putting fresh bets on the market amid high ho...

Outward FDI from Bangladesh drops in FY20

Outward FDI from Bangladesh drops in FY20

FE ONLINE REPORT 2021-01-05 09:46:31

Net outflow of foreign direct investment (FDI) from Bangladesh declined further in the past fiscal year, according to a new estimate of the country’s central bank. The estimate, released by Ban...

Aid flow to Bangladesh rises 34pc in July-Nov

Aid flow to Bangladesh rises 34pc in July-Nov

FHM HUMAYAN KABIR 2021-01-05 09:34:52

Foreign aid disbursement by development partners jumped by 34 per cent in July-November, thanks to the release of a budgetary support by Japan, officials said on Monday. Economic Relations Division...

Stocks keep gaining despite vaccine uncertainty

Stocks keep gaining despite vaccine uncertainty

FE Online Report 2021-01-04 16:54:17

Stocks ended higher on Monday after high volatility despite the news of uncertainty regarding coronavirus vaccine import amid India’s ban on vaccine export for a few months. After a big jump in...

Bangladesh can afford higher borrowing to support Covid-affected economy, says BB policy note

Bangladesh can afford higher borrowing to support Covid-affected economy, says BB policy note

FE Online Report 2021-01-04 15:43:40

Bangladesh has the ability to enhance the credit-based spending to support Covid-affected sectors as the country is ‘at low risk in terms of vulnerable debt sustainability.’ A policy note...

Stocks witness high volatility on vaccine uncertainty news

Stocks witness high volatility on vaccine uncertainty news

FE ONLINE REPORT 2021-01-04 13:30:32

Stocks witnessed high volatility after three hours of trading on Monday following coronavirus vaccine import uncertainty news as India banned to export vaccine for few months. India will not allow th...

Stocks open higher on vaccine hopes

Stocks open higher on vaccine hopes

FE ONLINE REPORT 2021-01-04 11:32:44

Stocks opened on an upbeat note on Monday as investors continued their appetite riding on news of India’s coronavirus vaccine approval which heightened hopes for Bangladesh. Following the pre...

7,000 legalise undeclared income, govt earns record Tk 8.8b in taxes

7,000 legalise undeclared income, govt earns record Tk 8.8b in taxes

DOULOT AKTER MALA 2021-01-04 08:46:05

The government has received a record Tk 8.80 billion in tax from the holders of undisclosed money in the first half of the current fiscal year. Between July and December, some 6,937 people disclosed...

Remittance inflow tops $21b in 2020

Remittance inflow tops $21b in 2020

FE ONLINE REPORT 2021-01-03 21:28:43

The inflow of remittances crossed the $21billion-mark for the first time in the just-concluded calendar year, registering an increase of nearly 19 per cent, despite the ongoing Covid-19 pandemic, offi...

Remittance inflow witnesses 37pc growth in six months

Remittance inflow witnesses 37pc growth in six months

-- 2021-01-03 20:02:32

Inward remittances witnessed a massive growth of 37.6 per cent in the first six months of the current fiscal 2020-21 compared to the corresponding period of the previous fiscal. According to the fina...

BB extends deadline for execution of stimulus package for CMSMEs

BB extends deadline for execution of stimulus package for CMSMEs

FE ONLINE REPORT 2021-01-03 16:46:49

The central bank has extended the deadline for execution of the stimulus package for the cottage, micro, small and medium enterprises (CMSMEs) by more three months. Under the revised deadline, schedu...

DSEX crosses 5,600-mark after 21 months

DSEX crosses 5,600-mark after 21 months

FE Online Report 2021-01-03 16:34:14

Stocks soared on Sunday, the maiden session of 2021, with the core index of Dhaka Stock Exchange (DSE) exceeded 5,600-mark, as investors reacted positively to the series of market supportive measures...

Foreign investment in bond up, equity negative in FY20

Foreign investment in bond up, equity negative in FY20

FE Online Report 2021-01-03 14:35:17

Foreign or non-resident investment in debt securities of Bangladesh market increased in the last fiscal year while declined in equity securities in the last fiscal year. Bangladesh Bank unveiled the...

Stocks open year’s first session on flying note

Stocks open year’s first session on flying note

FE ONLINE REPORT 2021-01-03 10:58:48

Stocks witnessed a steep rise in the early trading on Sunday, the first trading day of 2021, as investors are putting a fresh bet on the market amid high hopes in the New Year. Following the previo...

IBN Sina to form subsidiary company

IBN Sina to form subsidiary company

FE Online Report 2021-01-03 10:43:02

The IBN Sina Pharmaceutical Industry has decided to form a subsidiary company named --The IBN Sina Natural Medicine--with a paid-up capital of Tk 120 million. The board of directors has decided to fo...

Taufika, eGeeration, Lub-rref to raise Tk 1.95b through IPOs this month

Taufika, eGeeration, Lub-rref to raise Tk 1.95b through IPOs this month

FE REPORT 2021-01-03 09:44:11

Three companies - Taufika Foods & Agro Industries, eGeneration and Lub-rref (Bangladesh) - will raise a total of Tk 1.95 billion from the capital market through IPOs in January. The initial pub...

Honest taxpayers pay up to 33pc tax, black money whiteners only 10pc: Experts

Honest taxpayers pay up to 33pc tax, black money whiteners only 10pc: Experts

FE REPORT 2021-01-03 08:36:24

Concerted government efforts backed by political will are required to prevent money laundering and bringing discipline in the financial sector, Professor Mustafizur Rahman, distinguished fellow of the...

Tea producers seek 20pc subsidy to boost exports

Tea producers seek 20pc subsidy to boost exports

FE REPORT 2021-01-03 08:26:45

The apex body of tea producers has requested the government to provide a 20 per cent subsidy, in addition to the existing export incentive facility to the tea sector, with a view to boosting the expor...

Oil-fed power plants idling due to lower demand

Oil-fed power plants idling due to lower demand

M AZIZUR RAHMAN 2021-01-03 08:17:09

The government has kept almost all oil-fired power plants shut and import of expensive LNG to a minimum to reduce energy procurement costs owing to lower winter demand and sluggish economic activiti...

Dhaka focussing on bilateral FTAs to face LDC graduation challenge

Dhaka focussing on bilateral FTAs to face LDC graduation challenge

FE REPORT 2021-01-02 10:37:55

Commerce Secretary Dr. Md. Jafar Uddin, on Thursday, said Bangladesh will lose a number of duty-free quota-free (DFQF) facilities after its graduation from the existing least developed country (LDC) s...

2.6m new jobs a year difficult in post-pandemic Bangladesh: Economists

2.6m new jobs a year difficult in post-pandemic Bangladesh: Economists

FHM Humayan Kabir 2021-01-02 09:16:09

Creating as many as 11.33 million jobs during the 8th five-year plan (FYP) period would be challenging for the government as the fallout of Covid-19, economists said on Friday. Following the unempl...