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The Financial Express

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BSEC approves IPO of Dominage Steel Building

BSEC approves IPO of Dominage Steel Building

FE Report 2020-08-27 10:33:26

The securities regulator on Wednesday approved the IPO (initial public offering) of Dominage Steel Building Systems Ltd which will raise capital worth Tk 300 million. The Bangladesh Securities and Ex...

'Lockdown' blow to low-income families

'Lockdown' blow to low-income families

FE Report 2020-08-27 09:29:39

About 96 per cent of families with low socio-economic status experienced a reduction in their average monthly earnings during the 'lockdown' period, a new ICDDR,B study revealed on Wednesday. It also...

Stocks extend winning streak for another session

Stocks extend winning streak for another session

FE ONLINE REPORT 2020-08-26 15:50:49

Stocks extended the winning streak for another session on Wednesday with the key index of the prime bourse crossing the 4800-mark again. Investors continued their appetite for sector-wise issues ridi...

Bay Leasing to pay 10pc dividend

Bay Leasing to pay 10pc dividend

FE ONLINE REPORT 2020-08-26 11:22:19

The board of directors of Bay Leasing and Investment Ltd has recommended 7.5 per cent cash and 2.5 per cent stock dividend for the year ended on December 31, 2019. The final approval of the dividend...

Stocks open positive on bourses

Stocks open positive on bourses

FE ONLINE REPORT 2020-08-26 10:52:55

Stocks witnessed a positive trend in early trading on Wednesday as optimistic investors are showing their buying appetite on sector-wise issues. Following previous day’s modest gain, the Dhaka...

NBR launches EFDs to contain VAT evasion

NBR launches EFDs to contain VAT evasion

FE REPORT 2020-08-26 09:42:12

The National Board of Revenue (NBR) introduced on Tuesday the long-awaited electric fiscal devices (EFDs) on a pilot basis to check VAT evasion in businesses. NBR chairman Abu Hena Md Rahmatul Muneem...

Declaration of undisclosed money: Govt agencies won't ask questions about sources

Declaration of undisclosed money: Govt agencies won't ask questions about sources

FE REPORT 2020-08-26 09:34:32

The National Board of Revenue (NBR) chairman on Tuesday said the people concerned will be able to challenge in the court of law, if any government agency asks questions about the source while declarin...

Stocks post marginal gain after volatility

Stocks post marginal gain after volatility

FE ONLINE REPORT 2020-08-25 16:13:57

Stocks posted a modest gain on Tuesday, after a single-day break, as investors showed buying appetite on sector-wise issues. DSEX, the key index of the Dhaka Stock Exchange (DSE), went up by 19.13 po...

Govt endorses five development projects worth TK 25.70b

Govt endorses five development projects worth TK 25.70b

FE Online Report 2020-08-25 15:56:29

The government on Tuesday in Dhaka endorsed five development projects at a combine cost of Tk 25.70 billion. Presided over by the Prime Minister Sheikh Hasina, the Executive Committee of the National...

Bourses open higher on Tuesday

Bourses open higher on Tuesday

FE ONLINE REPORT 2020-08-25 10:57:11

Stocks witnessed an upward trend in early trading on Tuesday with the key index of the major bourse crossing 4800-mark as investors are active sector-wise issues. Following the previous day’s c...

BSEC forms body to dig out reasons for DSE's technical glitch

BSEC forms body to dig out reasons for DSE's technical glitch

FE Report 2020-08-25 10:13:52

Bangladesh Securities and Exchange Commission (BSEC) on Monday formed a high-powered body to look into the reasons that caused technical breakdown on the website of Dhaka Stock Exchange (DSE) in last...

Re-financing scheme: Loan disbursement time may be extended until December

Re-financing scheme: Loan disbursement time may be extended until December

REZAUL KARIM 2020-08-25 09:55:23

The period of loan disbursement by the banks concerned under the central bank's 'special incentive re-financing scheme for the agriculture sector' is likely to be extended until December next, sourc...

DSCC identifies 19 new sectors for collecting tax

DSCC identifies 19 new sectors for collecting tax

FE REPORT 2020-08-25 09:52:43

The authority of the Dhaka South City Corporation (DSCC) has identified 19 new areas for gearing up its revenue collection efforts for fiscal year 2020-21 (FY '21) aiming to provide better services to...

FRC warns against doctoring financials

FRC warns against doctoring financials

FE REPORT 2020-08-25 09:30:17

Financial watchdog has again warned against cooking up company financials. The Financial Reporting Council (FRC) said it will take tougher action as per the act if the practice is not stopped immedia...

Uttara Finance declares 20pc dividend

Uttara Finance declares 20pc dividend

FE ONLINE REPORT 2020-08-24 11:04:02

The board of directors of Uttara Finance and Investments Ltd has recommended 15 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2019. The final approval will come dur...

Stocks open down

Stocks open down

FE ONLINE REPORT 2020-08-24 10:59:31

Stocks witnessed a downward trend in early trading on Monday as risk-averse investors are booking quick-gain on sector-wise issues. Following the previous two days’ flat ending, the Dhaka Stock...

Corporate governance: Listed cos seek code revision

Corporate governance: Listed cos seek code revision

FE REPORT 2020-08-24 09:29:29

The Bangladesh Association of Publicly Listed Companies (BAPLC) has urged the securities regulator to revise some corporate governance codes, including the appointment of managing director (MD) or c...

Govt eyes 30m jobs by 2030

Govt eyes 30m jobs by 2030

MONIRA MUNNI 2020-08-24 09:19:37

The government has drafted a policy aiming to create about 30 million fresh jobs by 2030, officials say. The policy, first of its kind, has put emphasis on employment based on subjects and sectors wi...

Inflation drops owing to low consumption amid pandemic

Inflation drops owing to low consumption amid pandemic

-- 2020-08-23 21:15:40

Bangladesh began FY21 with a drop in inflation and a researcher believes low consumption due to the coronavirus pandemic pushed the key indicator down. Point-to-point general inflation fell to 5.53 p...

JICA to implement a food value chain development project

JICA to implement a food value chain development project

-- 2020-08-23 17:25:42

The Japan International Cooperation Agency (JICA) will implement a food value chain development project at a cost of about Taka 8.82 billion to process agricultural products and expand agribusiness in...

Stocks end another flat session

Stocks end another flat session

FE ONLINE REPORT 2020-08-23 15:41:19

Stocks ended another flat session on Sunday amid a choppy trading as late hours sell-offs wiped out all the early gains. DSEX, the key index of the DSE, saw a fractional loss of 0.85 point or 0.02 pe...

BSEC won't put quality IPO proposals on ice

BSEC won't put quality IPO proposals on ice

MOHAMMAD MUFAZZAL 2020-08-23 11:48:13

The securities regulator has adopted a policy of clearing the quality IPO (initial public offering) proposals within shortest possible timeframe to facilitate timely implementation of issuer's busines...

Better business environ needed to attract FDI

Better business environ needed to attract FDI

FE REPORT 2020-08-23 09:58:49

Disparity between local and foreign investors, a lack of improved business environment and corruption, among others, are key barriers to attracting foreign direct investment (FDI). Speakers, stretchi...

NBR decides to conduct internal survey this yr

NBR decides to conduct internal survey this yr

DOULOT AKTER MALA 2020-08-23 09:43:22

The National Board of Revenue (NBR) has decided to conduct this year internal survey involving different government agencies to net in new taxpayers, instead of the door-to-door survey carried out ear...

Financial sector clocks lower growth in FY'20

Financial sector clocks lower growth in FY'20

FHM HUMAYAN KABIR 2020-08-23 09:33:51

All the financial sub-sectors recorded decline in their growth rates in the immediate past fiscal year (FY 2019-20). The sub-sector (monetary intermediation) had the worst time in many years. Overall...

Nominal wage growth continues to decline

Nominal wage growth continues to decline

FE Online Report 2020-08-22 13:45:51

Country’s combined nominal wage rate of agriculture, industry and services in the last fiscal year (FY20) increased by the slowest pace in the last five years. Wage Rate Index (WRI), released b...

Ten most-traded stocks grab 27pc transaction

Ten most-traded stocks grab 27pc transaction

FE REPORT 2020-08-22 10:38:15

Ten most-traded stocks grabbed more than 27 per cent transactions on the Dhaka Stock Exchange (DSE) in the outgoing week while the pharma sector dominated the turnover board. Market operators said in...

Weekly review: Stocks stay afloat amid growing optimism

Weekly review: Stocks stay afloat amid growing optimism

BABUL BARMAN 2020-08-22 10:33:14

Stocks kept the gaining streak for the ninth straight week as buoyant investors continued their appetite on large-cap issues riding on the regulator's recent steps to ensure accountability of the mark...

BB backs Basic Bank's stance

BB backs Basic Bank's stance

SYFUL ISLAM 2020-08-22 10:13:15

Bangladesh Bank (BB) has endorsed a stance of Basic Bank not to reschedule the loans, taken through fraudulent acts, by paying 2.0 per cent down payment, officials said. "The board of directors of...

Pandemic wreaks havoc on jobs, pay

Pandemic wreaks havoc on jobs, pay

Monira Munni and Saif Uddin 2020-08-22 10:02:04

Hundreds and thousands have lost their jobs while many others faced wage cuts due to the adverse impact of Covid-19 pandemic on all sorts of economic activities, according to available information. R...