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The Financial Express

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BB lowers borrowing costs to boost money flow

BB lowers borrowing costs to boost money flow

FE ONLINE REPORT 2020-07-29 16:17:50

The central bank unveiled an expansionary monetary policy on Wednesday for current fiscal year lowering borrowing costs to boost money flow for revamping the pandemic-hit economy. As part of the expa...

Japan cos' China exit: Bangladesh misses the train

Japan cos' China exit: Bangladesh misses the train

MIR MOSTAFIZUR RAHAMAN 2020-07-29 13:45:09

Bangladesh's hope for attracting 30 Japanese companies relocating from China has been dashed as these firms have already decided to move elsewhere. Experts said that strong political will from the hi...

Standard Insurance recommends 10pc cash dividend

Standard Insurance recommends 10pc cash dividend

FE ONLINE REPORT 2020-07-29 12:10:07

The board of directors of Standard Insurance Ltd has recommended 10 per cent cash dividend for the year ended on December 31, 2019. The final approval of the dividend will come during the annual gene...

Stocks rise ahead of Eid holidays

Stocks rise ahead of Eid holidays

FE ONLINE REPORT 2020-07-29 11:47:45

Stocks witnessed positive trend in early trading on Wednesday as a section of investors continued their appetite on sector-wise issues amid expectation of improving economic activities ahead of Eid...

Bata Shoe revenue dips

Bata Shoe revenue dips

FE REPORT 2020-07-29 10:03:01

Bata Shoe Company's revenue plunged drastically by 85 per cent year-on-year in April-June, 2020 quarter due to lower sales amid Covid-19 pandemic. The multinational company's revenue stood at only Tk...

Diversification of stock mkt: Alternative Trading Board to prop up confidence

Diversification of stock mkt: Alternative Trading Board to prop up confidence

FE DESK 2020-07-29 10:01:17

Stock market stakeholders have welcomed the establishment of an alternative trading board as an important addition to the securities market and urged to develop the market to accommodate different inv...

Berger Paints Bangladesh declares 295pc cash dividend

Berger Paints Bangladesh declares 295pc cash dividend

FE DESK REPORT 2020-07-29 09:59:09

Rupali Chowdhury presided over the 47th AGM of Berger Paints Bangladesh Limited on Tuesday. Chairman of the Board Gerald K ADams along with other directors Anil Bhalla, Jean-Claude Loutreuil, Anis A....

Move to stop tax evasion on cars

Move to stop tax evasion on cars

Doulot Akter Mala 2020-07-29 09:45:37

The National Bard of Revenue (NBR) has joined its hand with the Bangladesh Road Transport Authority (BTRA) to scrutinize information of vehicle owners to check tax evasion. The step has also been tak...

Forex reserve crosses $37b-mark for first time

Forex reserve crosses $37b-mark for first time

-- 2020-07-28 21:53:31

The country’s foreign exchange reserve has touched a new record of $37.10 billion amid coronavirus crisis. The inflow of remittance has played a vital role to raise the foreign exchange reserve...

Country loses 30pc rawhide every year for improper preservation

Country loses 30pc rawhide every year for improper preservation

-- 2020-07-28 18:30:29

The country loses around 30 per cent of total rawhide every year due to improper skinning and environmental protection and preservation, the commerce ministry has said. Describing rawhides of sacrifi...

Annual trade gap crosses $17b in FY20

Annual trade gap crosses $17b in FY20

FE Online Report 2020-07-28 18:09:22

Country’s bilateral merchandise trade gap with the rest of the world crossed $17.0 billion mark in the last fiscal year (FY20), according to the latest statistics of Bangladesh Bank.  It s...

Govt endorses seven projects worth Tk 30.75b

Govt endorses seven projects worth Tk 30.75b

FE Online Report 2020-07-28 15:56:57

The government on Tuesday in Dhaka endorsed seven development projects at a combine cost of Tk 30.75 billion. Presided over by the Prime Minister Sheikh Hasina, the Executive Committee of the Nationa...

Stocks stay afloat amid optimism

Stocks stay afloat amid optimism

FE ONLINE REPORT 2020-07-28 15:33:26

Stocks kept the gaining streak for the fourth straight sessions on Tuesday as the optimistic investors continued their buying interest on selective large-cap issues amid optimism. DSEX, the key index...

Reckitt Benckiser's profit jumps 53pc in Q2

Reckitt Benckiser's profit jumps 53pc in Q2

FE REPORT 2020-07-28 10:04:46

Reckitt Benckiser Bangladesh's profit after tax jumped more than 53 per cent in April-June, 2020 quarter due to strong revenue growth driven by increased demand of personal hygiene products during p...

NBR to introduce automated challan from mid-August

NBR to introduce automated challan from mid-August

DOULOT AKTER MALA 2020-07-28 09:57:11

The National Board of Revenue (NBR) is set to launch an automated challan system for income taxpayers from mid-August in a bid to check submission of fake challan. The NBR and Finance Division will j...

IPDC's net profit after tax rises in the first half of the year

IPDC's net profit after tax rises in the first half of the year

FE DESK REPORT 2020-07-28 09:55:10

After setting aside adequate provisioning due to difficult times ahead, IPDC Finance registered a net profit after tax of Tk. 316 million in the first half of the year 2020, which is one per cent high...

BB releases monetary policy tomorrow

BB releases monetary policy tomorrow

SIDDIQUE ISLAM 2020-07-28 09:38:58

The central bank unveils its monetary policy for this fiscal year tomorrow (Wednesday) aiming to help revamp the economic activities through the implementation of stimulus packages. Bangladesh Bank w...

Post-Covid business: Govt updating laws to snare foreign investors

Post-Covid business: Govt updating laws to snare foreign investors

SYFUL ISLAM 2020-07-28 09:29:52

The government is streamlining five laws as part of its efforts to attract foreign direct investment or FDI, which may shift in the post-pandemic era, officials have said. The laws are the Foreign Ex...

Japan to dispense $1.0b in budget aid

Japan to dispense $1.0b in budget aid

FHM Humayan Kabir 2020-07-28 09:17:53

Bangladesh for the first time is expected to secure US$1.0 billion worth of budget support from Japan next week. The support would help the government weather the impact of the COVID-19 on the econom...

Stocks keep gaining amid optimism

Stocks keep gaining amid optimism

FE ONLINE REPORT 2020-07-27 15:26:16

Stocks kept the gaining streak for the two consecutive sessions on Monday as the buoyant investors continued their appetite on large-cap issues amid optimism. DSEX, the key index of the Dhaka Stock...

Stocks witness positive trend at open

Stocks witness positive trend at open

FE ONLINE REPORT 2020-07-27 11:47:59

Stocks witnessed a positive trend in the early trading on Monday as optimistic investors continued buying shares in the hope of improvement in economic activities. Within 30 minutes of trading, DSEX,...

National Housing holds 218th board meeting

National Housing holds 218th board meeting

FE DESK REPORT 2020-07-27 10:01:39

The 218th Board of Directors Meeting of National Housing Finance and Investments Limited was held on Thursday through virtual platform, said a statement. The Board of Directors reviewed and approved...

BSEC chief puts thrust on high quality financial statements

BSEC chief puts thrust on high quality financial statements

FE DESK REPORT 2020-07-27 09:52:30

BSEC chairman Professor Shibli Rubayat-Ul-Islam said inclusion of professional cost and management accountants in relevant sectors would be better for the stock market development of Bangladesh. "Pro...

Call to remove barriers to listings

Call to remove barriers to listings

FE REPORT 2020-07-27 09:31:52

Market intermediaries said the obstacles that hinder the listing of good local and multinational companies (MNCs) should be removed to enhance the depth of the country's capital market. They laid imp...

Transshipment with neighbours: NBR readies procedures

Transshipment with neighbours: NBR readies procedures

DOULOTAKTER MALA and SYFUL ISLAM 2020-07-27 09:22:48

Bangladesh is set to work out a comprehensive procedure to conduct transshipment of goods with India, Nepal and Bhutan on three routes -- sea, land and air. Following the recent kick-off of the Indo-...

DSEX exceeds 4,100-mark after five months

DSEX exceeds 4,100-mark after five months

FE ONLINE REPORT 2020-07-26 16:39:25

Stocks soared on Sunday with key index of the prime bourse hitting nearly five months high as the investors showed their appetite on the expectation of improving economic activities. DSEX, the key in...

Bourses begin week on positive note

Bourses begin week on positive note

FE ONLINE REPORT 2020-07-26 11:52:42

Stocks witnessed a positive trend in early trading on Sunday as optimistic investors continued to buy shares on the expectation of improved economic activities. Within 30 minutes of trading, DSEX adv...

Pragati Ins, National Housing Finance declare dividend

Pragati Ins, National Housing Finance declare dividend

FE ONLINE REPORT 2020-07-26 11:25:42

Two more listed companies- Pragati Insurance and National Housing Finance, and Investments have recommended dividends for the year ended on December 31, 2019, according to official disclosures on Sund...

Sonali Paper trading resumes today

Sonali Paper trading resumes today

FE Report 2020-07-26 10:28:43

The share trading of Sonali Paper & Board Mills will resume today (Sunday) as the securities regulator has approved the company's re-listing with the stock exchanges. The company's share trading...

BSEC cautious about Robi's IPO approval

BSEC cautious about Robi's IPO approval

Mohammad Mufazzal 2020-07-26 10:17:49

The securities regulator is likely to approve the IPO (initial public offering) proposal of the country's second largest mobile operator Robi Axiata streamlining its demands in line with the existing...