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The Financial Express

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Bangladesh must ensure periodic review, suggest experts

Bangladesh must ensure periodic review, suggest experts

FE REPORT 2020-09-13 09:56:27

Speakers during a virtual consultation have suggested that Bangladesh should ensure periodic review of the UN-binding treaty on business and human rights. They also called for involving three types o...

BSEC to clarify role of independent directors soon

BSEC to clarify role of independent directors soon

FE REPORT 2020-09-13 09:20:44

The securities regulator will continue its crackdown on unscrupulous persons who are out to gobble up investors' hard-earned money through various deceitful acts. The warning came from chairman of th...

New taxpayers to get Tk 2,000 discount on first online return submission

New taxpayers to get Tk 2,000 discount on first online return submission

-- 2020-09-12 17:30:30

The new taxpayers will enjoy a Tk 2,000 discount for submission of income tax returns through online. The National Board of Revenue (NBR) has made the decision to encourage online return submission,...

Stocks head high amid growing confidence

Stocks head high amid growing confidence

BABUL BARMAN 2020-09-12 10:02:46

Stock prices are soaring with the core index of the major bourse hitting a 12-month high in the outgoing week as investors put fresh stakes in stocks amid high expectation. Week-on-week, DSEX, the ke...

Current account returns to surplus in July

Current account returns to surplus in July

JASIM UDDIN HAROON 2020-09-12 09:41:18

The country's current account balance registered a surplus of approximately US$2.0 billion in July last against a deterioration of over $100 million a year earlier. This is mainly because of higher i...

Remittance incentive allowed from Jul'19

Remittance incentive allowed from Jul'19

FE REPORT 2020-09-11 09:28:50

Bangladesh Bank (BB) on Thursday said that expatriate workers serving with shipping or airlines owned by Bangladeshi or foreigners can enjoy cash incentives on remittance effective from July, 2019....

ADB approves $50m loans to fund, implement PPP infrastructure projects in Bangladesh

ADB approves $50m loans to fund, implement PPP infrastructure projects in Bangladesh

-- 2020-09-10 18:35:27

The Asian Development Bank (ADB) on Thursday confirmed US$50 million loans to promote, fund, and implement public-private partnership (PPP) infrastructure projects in Bangladesh.  The Manila-bas...

Govt counts on Tk 1.03t stimulus packages to offset COVID-19 shock

Govt counts on Tk 1.03t stimulus packages to offset COVID-19 shock

-- 2020-09-10 17:58:56

The government is relying on its declared Tk 1.03 trillion stimulus packages for various sectors to offset the COVID-19 shock and bring back normalcy in overall economic activities for calculating rel...

DSEX crosses 5,000-mark after 12 months

DSEX crosses 5,000-mark after 12 months

FE ONLINE REPORT 2020-09-10 15:55:41

The prime index of the country’s major bourse crossed the 5,000-mark after one year on Thursday as investors kept showing their buying binge riding on regulatory moves and gradual impr...

Stocks open positive amid low turnover

Stocks open positive amid low turnover

FE ONLINE REPORT 2020-09-10 11:45:41

Stocks on both the bourses witnessed marginal gains in the early trading on Thursday as bargain hunters continued their buying binge on sectors sector-wise issues amid gradual improvement of economic...

New method to fix green financing rate

New method to fix green financing rate

FE REPORT 2020-09-10 09:48:59

The central bank on Wednesday introduced a new computation methodology to find the rate of green financing by banks and non-bank financial institutions. The new methodology will help reduce the over...

Govt's vision-2041 eyes big jump in investment

Govt's vision-2041 eyes big jump in investment

FHM Humayan Kabir 2020-09-10 09:22:13

The government has set a target of raising the gross investment-GDP (Gross Domestic Product) ratio to 46.88 by the year 2041, officials said on Wednesday. The target is 15.13 per cent higher than the...

Bourses break five-day gaining streak

Bourses break five-day gaining streak

FE ONLINE REPORT 2020-09-09 15:43:35

Stocks slipped into the red on Wednesday, snapping a five-day winning streak, as risk-averse investors opted for quick-profit on selective issues. The market opened on upward trend and key index of t...

NBR expects big rise in corporate tax revenue

NBR expects big rise in corporate tax revenue

DOULOT AKTER MALA 2020-09-09 09:25:39

The tax authorities are hopeful about a substantial increase in corporate tax returns this year as they have put in place a number of measures to rope in the tax-evading companies and the companies th...

FM says GCA to be milestone for int'l partnership

FM says GCA to be milestone for int'l partnership

-- 2020-09-08 17:41:20

Foreign Minister Dr AK Abdul Momen on Tuesday said the South Asian Regional Center of Global Center on Adaptation (GCA) in Dhaka will be a milestone for international partnership. He said after the d...

DSEX reaches nearly one-year high

DSEX reaches nearly one-year high

FE ONLINE REPORT 2020-09-08 15:56:51

Stocks extended the gaining streak for the fifth straight sessions on Tuesday as investors continued their buying spree buoyed by the regulatory moves to restore discipline in the capital market. DSE...

Stocks post marginal gains at open

Stocks post marginal gains at open

FE ONLINE REPORT 2020-09-08 11:13:17

Stocks witnessed a positive trend in the early trading on Tuesday as bargain hunters were showing their buying binge amid gradual economic rebound. Following the past four days’ positive ending...

CDBL yet to receive BO fee from 87 brokerage firms

CDBL yet to receive BO fee from 87 brokerage firms

Mohammad Mufazzal 2020-09-08 10:15:42

Many brokerage firms are not paying the dues of government, securities regulatory and depository authority despite the firms realise BO (beneficiary owner's) account maintenance fees from their client...

PPP Office to trim non-viable projects

PPP Office to trim non-viable projects

Munima Sultana 2020-09-08 10:06:14

Public-Private Partnership Authority (PPPA) is going to cut its projects from the pipeline finding many are neither bankable nor marketable. Officials said since the authority has already developed a...

Vision paper scales back growth target

Vision paper scales back growth target

FHM HUMAYAN KABIR 2020-09-08 09:49:53

The government has shifted from its earlier stance of achieving double-digit economic growth to a more realistic approach in the newly-devised vision paper by FY2041, analysts said on Saturday. Yet,...

Bangladesh revises eligibility for investment in WEBs

Bangladesh revises eligibility for investment in WEBs

FE REPORT 2020-09-08 09:49:53

The central bank has revised the eligibility for purchasing wage-earner bonds (WEBs) in a move that could frustrate many potential investors. A notice issued on Monday said Bangladeshi people, who...

Sales of govt savings tools nosedive in July

Sales of govt savings tools nosedive in July

Arafat Ara 2020-09-08 09:31:59

After a sudden increase in June, net sales of the state-owned savings instruments dropped drastically in July, the first month of the current fiscal year (FY), 2020-21, according to official data. Th...

Beximco Synthetic’s share trading suspended from Tuesday

Beximco Synthetic’s share trading suspended from Tuesday

FE ONLINE REPORT 2020-09-08 00:38:44

The stock market regulator has asked the bourses to suspend the share trading of Beximco Synthetics from Tuesday (September 8) as the company applied for delisting from the stock market. Bangladesh S...

Stocks post marginal gain amid choppy trading

Stocks post marginal gain amid choppy trading

FE ONLINE REPORT 2020-09-07 15:40:45

Stocks posted a marginal gain on Monday amid choppy trading as investors were active on both sides of the trading fence throughout the session. DSEX, the prime index of the DSE, went up by 10.61 poin...

CSE revises CSE-50 Index, effective from Sept 20

CSE revises CSE-50 Index, effective from Sept 20

FE ONLINE REPORT 2020-09-07 13:16:06

The Chittagong Stock Exchange has revised its CSE-50 Index on the basis of performance of the listed companies. The new index will be effective from September 20. The port city’s bourse reviews...

Padma Oil inks business deal with Beximco LPG Unit-1

Padma Oil inks business deal with Beximco LPG Unit-1

FE ONLINE REPORT 2020-09-07 11:37:12

The state-owned petroleum distributor Padma Oil Company has signed an agreement with Beximco LPG Unit-1 to sell liquefied petroleum gas (LPG). Under the agreement, Padma Oil will sell the LPG by esta...

Stocks see positive trading at opening

Stocks see positive trading at opening

FE ONLINE REPORT 2020-09-07 10:57:25

Prices of most of the shares on the bourses witnessed an upward trend on Monday as optimistic investors continued their buying binge buoyed by investors’ optimism amid gradual economic rebound....

Enhancing transparency: BSEC issues new decree on MFs' disclosure

Enhancing transparency: BSEC issues new decree on MFs' disclosure

FE REPORT 2020-09-07 10:22:20

The securities regulator has issued a new directive on financial reporting and disclosure of mutual funds (MFs) and asset managers to enhance transparency in disclosure for the interest of investors a...

Tax, stock performance not compatible with economic growth

Tax, stock performance not compatible with economic growth

FE REPORT 2020-09-07 09:38:56

The government is trying to address two big contradictions in the economy - low tax-to-GDP ratio and stock market capitalisation-to- GDP ratio, advisor to the Prime Minister on private industry and in...

Private banks to be given treasury responsibilities

Private banks to be given treasury responsibilities

SYFUL ISLAM 2020-09-07 09:19:18

The government is set to allow all banks to carry out treasury activities in places in an attempt to expand such services in the countryside, officials say. If and when implemented, the move will bri...