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The Financial Express

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Taxmen's mindsets key barrier to NBR reform

Taxmen's mindsets key barrier to NBR reform

FE REPORT 2020-10-04 11:15:04

Reforming the tax administration will be possible only if taxmen change theirorthodox mindsets and view taxpayers as 'clients,'business leaders and policy makers said on Saturday. They suggested a pa...

Bangladesh-Bhutan PTA likely in Dec

Bangladesh-Bhutan PTA likely in Dec

REZAUL KARIM 2020-10-04 10:53:42

A preferential trade agreement (PTA) between Bangladesh and Bhutan is expected to be signed in the victory month of December to boost bilateral trade. Bangladesh and Bhutan are good regional neighbou...

Experts pinpoint weak areas of capital market

Experts pinpoint weak areas of capital market

FE REPORT 2020-10-04 10:04:38

Discussants said long term investments and proper coordination among the regulatory bodies should be inspired to ensure the due role of the country's capital market in national economy. Their observa...

Bangladesh’s current account records surplus in two months

Bangladesh’s current account records surplus in two months

JASIM UDDIN HAROON 2020-10-04 09:20:31

The country's current-account posted a record surplus in July-August period of the current fiscal year, amid the pandemic. The current account balance, a measure of the nation's trade and financial f...

Weekly market review: Stocks rebound after single-week break

Weekly market review: Stocks rebound after single-week break

BABUL BARMAN 2020-10-03 10:40:47

Stocks rebounded in the outgoing week, after a single-week break, as the investors went on bargain hunting for selective large-cap issues with high expectations. Week-on-week, DSEX, the prime index o...

Bangladesh's overseas employment in depths of slump

Bangladesh's overseas employment in depths of slump

ARAFAT ARA 2020-10-03 09:23:58

The picture of the overseas employment sector in Bangladesh is bleak with thousands of migrants in the dark about their jobs due to coronavirus pandemic. Jobless workers' homecoming continues. Again,...

Govt formulating master plan to attract private investors

Govt formulating master plan to attract private investors

Munima Sultana  2020-10-02 10:16:39

The government is formulating a master plan to transform the Kamalapur railway station into a multi modal transportation hub (MMTH), and to attract private investors. A master plan is necessary...

Inward remittance grows by over 48pc in Q1 of FY21

Inward remittance grows by over 48pc in Q1 of FY21

FE Online Report 2020-10-01 21:39:36

The inflow of remittances grew by more than 48 per cent in the first quarter (Q1) of the current fiscal year (FY21) despite the ongoing Covid-19 pandemic, officials said. The flow of inward remittanc...

Stocks rebound, ending two-day losing streak

Stocks rebound, ending two-day losing streak

FE ONLINE REPORT 2020-10-01 16:34:00

Stocks on Thursday bounced back on falling for two consecutive days as optimistic investors showed their appetite on large-cap issues amid high expectations. The market opened on an upbeat note a...

Genex Infosys signs strategic business deal with Sonali Bank

Genex Infosys signs strategic business deal with Sonali Bank

FE ONLINE REPORT 2020-10-01 11:41:15

Genex Infosys Ltd has signed an agreement with Sonali Bank Ltd — the largest state-owned commercial bank in Bangladesh, for implementing online tuition fee payment systems across the country. U...

Stocks open month on upbeat note

Stocks open month on upbeat note

FE ONLINE REPORT 2020-10-01 11:15:31

Stocks witnessed an upward trend in early trading on Thursday as investors are showing a buying spree on sector-wise issues after two days correction. Following the previous two days’ modest co...

OFID to provide $70m support to offset Covid-19 impacts

OFID to provide $70m support to offset Covid-19 impacts

FHM HUMAYAN KABIR 2020-10-01 10:11:38

The OPEC Fund for International Development (OFID) would provide US$70 million budgetary support to Bangladesh, for the first time, to weather the impacts of the Covid-19 pandemic on the economy. The...

Draft prospectus of SAML Income Unit Fund approved

Draft prospectus of SAML Income Unit Fund approved

FE Report 2020-10-01 10:05:04

The securities regulator has approved the draft prospectus of SAML Income Unit Fund whose initial size will be Tk 100 million. The approval came Wednesday at a meeting held at the office of the Bangl...

Interest rate spread rises in August

Interest rate spread rises in August

SIDDIQUE ISLAM 2020-10-01 09:36:22

The interest rate spread in the country's banking system increased slightly in August 2020 as banks further slashed rates on deposits but charged a little bit higher on lending. The weighted average...

Study favours FTA with Japan

Study favours FTA with Japan

SYFUL ISLAM 2020-10-01 09:21:43

Signing a free trade area (FTA) agreement with Japan will be immensely beneficial to Bangladesh in the post-LDC era when the country losses trade concessions, a study has found. Presently, all but a...

‘Further relaxation on loan repayment to help businesses’

‘Further relaxation on loan repayment to help businesses’

-- 2020-09-30 20:51:56

Defending the central bank’s move for further relaxation of the bank loan repayment by extending the moratorium until December 31, Finance Minister AHM Mustafa Kamal has said the step aims at he...

Easy funds from stimulus packages trigger inflation fears

Easy funds from stimulus packages trigger inflation fears

-- 2020-09-30 19:58:16

Bangladesh is eyeing a robust economic growth on government measures to ensure flow of money amid the coronavirus crisis, but easy funds from the stimulus packages have triggered fears of inflation....

Stocks extend losses as investors booking profit

Stocks extend losses as investors booking profit

FE ONLINE REPORT 2020-09-30 16:02:22

Stocks extended the losing streak for the two consecutive sessions on Wednesday as risk-averse investors continued profit booking on quick-gaining stocks. The market opened on an upbeat note and the...

Stocks fall as investors grab profit

Stocks fall as investors grab profit

FE ONLINE REPORT 2020-09-30 11:05:09

Stocks witnessed a downward trend in early hours of trading on Wednesday as risk-averse investors opted for booking profit on quick-gaining stocks. Following the previous day’s modest correctio...

Sukuk to 'widely contribute to development activities'

Sukuk to 'widely contribute to development activities'

FE ONLINE REPORT 2020-09-30 10:06:11

Participants at the closing ceremony of the 'Workshop on Issuance and Management of Sukuk in Bangladesh' held virtually on Tuesday The government is going to introduce Sukuk in the country, which is...

'Alternative' investing made easier

'Alternative' investing made easier

FE REPORT 2020-09-30 09:43:11

The central bank has cut the 'risk weight' for banks to invest in 'alternative' investments. An alternative investment is an investment in any asset class, excluding stocks, bonds, and cash. The r...

Govt seeks more aid from development partners

Govt seeks more aid from development partners

FHM HUMAYAN KABIR 2020-09-30 09:30:46

The government has sought extended financial support from the development partners for implementing the upcoming 8th five-year plan (FYP) to uplift employment and cut poverty to below 16 per cent, off...

Duty-free export market: Bangladesh mulls delay in LDC graduation

Duty-free export market: Bangladesh mulls delay in LDC graduation

FE REPORT 2020-09-30 09:29:40

Prime minister's private industry and investment adviser Salman Fazlur Rahman on Tuesday hinted that Bangladesh is considering 'postponement' of its LDC (least-developed country) graduation slated for...

Import orders drop by 20pc in August

Import orders drop by 20pc in August

SIDDIQUE ISLAM 2020-09-30 09:24:51

Bangladesh's import orders dropped by nearly 20 per cent or US$713.01 million in August last due to lower demand particularly for apparel and clothing because of the ongoing Covid-19 pandemic. Openin...

ECNEC approves four projects involving Tk 3.38b

ECNEC approves four projects involving Tk 3.38b

-- 2020-09-29 17:46:41

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved four projects involving a total cost of Tk 7.96 billion, including a Tk 3.38 billion one to make mouza and plot-bas...

Profit booking drags stocks down

Profit booking drags stocks down

FE ONLINE REPORT 2020-09-29 16:04:31

Stocks drifted lower on Tuesday after a single-day break as risk-averse investors opted for booking profits on quick-gaining stocks. The market opened on an upbeat note and the key index of the major...

BSEC revises margin loan limit

BSEC revises margin loan limit

FE Online Report 2020-09-29 13:04:24

The securities regulator has revised the margin loan limit announced recently based on the movement of the broad index of Dhaka Stock Exchange (DSE). The Bangladesh Securities and Exchange Commission...

Apex Tannery to sign contract with three companies to sell finished leather

Apex Tannery to sign contract with three companies to sell finished leather

FE ONLINE REPORT 2020-09-29 12:46:15

The board of directors of Apex Tannery Limited has decided to enter into a contract with three companies to sell its finished leather. The board has taken the decision to enter into a contract to sel...

Share bidding of Lub-rref (Bangladesh) begins Oct 12

Share bidding of Lub-rref (Bangladesh) begins Oct 12

FE ONLINE REPORT 2020-09-29 11:44:39

Price-bidding for eligible investors (EIs) to fix the cut-off price of shares of Lub-rref (Bangladesh) Ltd, a local lubricant producer, will commence from October 12 at 5:00pm. The Chattogram-based c...

Digital submission of IPO proposals in the offing

Digital submission of IPO proposals in the offing

Mohammad Mufazzal 2020-09-29 09:35:13

A specific time-frame of approving IPO proposals will be mentioned in a uniform law. "Presently, a move is underway to bring the activities of the securities regulator and operations of the capital m...