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Most listed banks' EPS up in Q1

Most listed banks' EPS up in Q1

BABUL BARMAN 2020-07-01 09:41:24

Earnings per share (EPS) of most of the listed banks marked rise in the first quarter (Q1) for January-March, 2020 compared to the same quarter of the previous year despite Covid-19 pandemic. EPS is...

BSEC seeks banks' reports on spl funds   

BSEC seeks banks' reports on spl funds  

MOHAMMAD MUFAZZAL 2020-07-01 09:37:14

The securities regulator has sought information from all listed and four non-listed banks regarding their formation of special funds worth Tk 2.0 billion each as announced earlier to support the capit...

NBFIs seek Tk 100b liquidity support

NBFIs seek Tk 100b liquidity support

SIDDIQUE ISLAM 2020-07-01 09:36:25

Top executives of the non-bank financial institutions (NBFIs) have sought Tk 100-billion emergency support from the central bank to meet liquidity requirements amid the COVID-19 pandemic. The support...

Restarting economy: Decision outweighs dividend

Restarting economy: Decision outweighs dividend

JASIM UDDIN HAROON & SAIF UDDIN 2020-07-01 09:27:13

Hope ran high on easing restrictions on movement and economic activities, but one month on people from all walks of life are laregely disappointed by the outcome. The poor, in particular, are still st...

VAT information not mandatory to get bank loan

VAT information not mandatory to get bank loan

-- 2020-06-30 20:41:50

The National Board of Revenue (NBR) has withdrawn its directive to make Value Added Tax (VAT) information mandatory for approving bank loan proposals. The NBR took the decision so that taxpayers do n...

‘FDI to be very important for BD, UK for COVID-19 recovery’

‘FDI to be very important for BD, UK for COVID-19 recovery’

-- 2020-06-30 17:38:57

British High Commissioner to Bangladesh Robert Chatterton Dickson has said foreign direct investment, including from the UK, would be very important for helping both Bangladesh and the UK economies re...

Stocks edge higher on last session of FY20

Stocks edge higher on last session of FY20

FE ONLINE REPORT 2020-06-30 15:29:15

Stocks ended marginally higher on Tuesday, the last session of the fiscal year (FY) 2019-20, as some investors showed their appetite based on the quarterly earnings disclosures. DSEX, the key index o...

Bank Asia to form subsidiary for digital banking

Bank Asia to form subsidiary for digital banking

FE Online Report 2020-06-30 11:46:36

The board of directors of Bank Asia Ltd has decided to form a subsidiary company to conduct digital banking activities subject to obtaining necessary approval from regulators. The board of the bank h...

Stocks open higher, turnover remains low

Stocks open higher, turnover remains low

FE ONLINE REPORT 2020-06-30 11:01:44

Stocks saw marginal gain in early trading on Tuesday with turnover remaining low as investors mostly followed cautious stance amid worsening pandemic situation in the country. Within 30 minutes of tr...

Six cos for removing LR Global from managing two MFs

Six cos for removing LR Global from managing two MFs

Mohammad Mufazzal 2020-06-30 10:05:28

Six institutions have sought the regulatory intervention for removing an asset management company (AMC) from its job of managing two closed-end mutual funds (MFs). The institutions have urged the sec...

Govt eases rules to park untaxed money in stocks

Govt eases rules to park untaxed money in stocks

-- 2020-06-29 18:50:26

The Finance Bill for fiscal year 2020-21 has reduced the lock-in period for investments of undisclosed income in stocks to 1 year from proposed 3 years in a bid to boost the fund flow into the flaggin...

Sonali Paper to make debut on DSE main market July 2

Sonali Paper to make debut on DSE main market July 2

FE ONLINE REPORT 2020-06-29 15:53:22

Sonali Paper & Board Mills Ltd will start trading on the Dhaka Stock Exchange main market from July 2, after remaining in the over-the-counter (OTC) market since 2009. The DSE in 2009 transferred...

Bourses post marginal gains amid cautious trading

Bourses post marginal gains amid cautious trading

FE ONLINE REPORT 2020-06-29 15:03:37

Stocks posted marginal gains on Monday though investors mostly followed cautious stance amid pandemic fears and floor price limitation. DSEX, the key index of the Dhaka Stock Exchange, went up by 7.4...

Bourses edge higher amid thin participation

Bourses edge higher amid thin participation

FE ONLINE REPORT 2020-06-29 10:52:08

Stocks witnessed marginal gain in early trading on Monday as investors mostly followed cautious stance amid worsening pandemic situation in the country. Within 30 minutes of trading, DSEX advanced mo...

Five more listed banks declare dividend

Five more listed banks declare dividend

FE ONLINE REPORT 2020-06-29 10:36:02

The board of directors of five more listed banks have recommended a dividend between 5.0 per cent and 13 per cent for the year ended on December 31, 2019. The banks are: Al-Arafah Islami Bank, United...

Marico launches another product

Marico launches another product

FE DESK REPORT 2020-06-29 10:13:28

Marico Bangladesh Limited, the FMCG giant in the country, has stepped into vegetable and fruit hygiene category products by recently launching Mediker SafeLife Veggie Wash vegetable and fruit hygiene...

IDLC approves 35pc cash dividend

IDLC approves 35pc cash dividend

FE DESK REPORT 2020-06-29 10:08:26

The 35th Annual General Meeting (AGM) of the shareholders of IDLC Finance Limited was held on Saturday virtually by using digital platform in compliance with the directives set by Bangladesh Securitie...

DSE, regulator to secure Crest clients' investment

DSE, regulator to secure Crest clients' investment

FE Report 2020-06-29 09:45:01

The premier bourse and the securities regulator will ensure the security of the investments and funds of the clients of Crest Securities. Dhaka Stock Exchange (DSE) on Sunday said this at a press bri...

EPB moots $37 billion export target

EPB moots $37 billion export target

MONIRA MUNNI 2020-06-29 09:35:29

The Export Promotion Bureau (EPB) has proposed setting a $37.44-billion export target for fiscal year (FY) 2020-21, predicting 13-per cent growth, officials said. The EPB has also projected an additi...

Whitening black money: Others abuse fish farmers’ tax benefit

Whitening black money: Others abuse fish farmers’ tax benefit

Doulot Akter Mala 2020-06-29 09:29:19

A vested quarter is allegedly legalising their black money by taking advantage of the tax benefit meant for the fish farmers. Fish farmers have alleged that despite having no such business, some peop...

BD seeks $6.4b Chinese fund for new projects

BD seeks $6.4b Chinese fund for new projects

MIR MOSTAFIZUR RAHAMAN 2020-06-29 09:19:18

Bangladesh now wants Chinese funds for nine new projects worth US$ 6.4 billion. The Economic Relations Division has recently sent a letter to the Chinese government seeking investment fund for these...

DSE turnover hits 25 billion mark riding on block trade

DSE turnover hits 25 billion mark riding on block trade

FE ONLINE REPORT 2020-06-28 15:15:47

Daily trade turnover on Dhaka Stock Exchange (DSE) scaled a Tk 25 billion mark on Sunday, for the first time in nine and a half years, riding on the block transaction of GlaxoSmithKline shares. SETFI...

Two more banks recommend dividend

Two more banks recommend dividend

FE ONLINE REPORT 2020-06-28 13:12:30

The board of directors of two more banks - Social Islami Bank Ltd (SIBL) and ONE Bank Ltd - have recommended dividend for the year ended on December 31, 2019, according to separate official disclosure...

Stocks nearly flat at opening amid low turnover

Stocks nearly flat at opening amid low turnover

FE ONLINE REPORT 2020-06-28 10:59:25

Stocks remained almost flat in the early trading on Sunday as investors followed a cautious stance amid worsening pandemic situation in the country. Within 30 minutes of trading, DSEX, the key index...

Islami Bank’s net profit down 13pc in 2019

Islami Bank’s net profit down 13pc in 2019

FE Online Report 2020-06-28 10:46:48

Islami Bank Bangladesh’s net profit after tax fell 13.14 per cent year-on-on-year for the year ended on December 31, 2019 The board of directors of the bank in a meeting held on Saturday throug...

BSEC takes a tough line on IPO scrutiny

BSEC takes a tough line on IPO scrutiny

FE REPORT 2020-06-28 10:40:17

The securities regulator is scrutinising the IPO proposals very carefully for the sake of investors and the capital market. "Companies willing to go public have no scope of getting the regulatory app...

BUILD seeks corporate tax cut for all export sectors

BUILD seeks corporate tax cut for all export sectors

FE Report 2020-06-28 10:18:07

Business Initiative Leading Development (BUILD) has demanded reducing corporate tax for all the export-oriented sectors in the upcoming fiscal year (FY). It urged the government to consider the leath...

Bangladesh Submarine Cable's EPS jumps 61pc

Bangladesh Submarine Cable's EPS jumps 61pc

FE REPORT 2020-06-27 11:12:32

Bangladesh Submarine Cable Company's earnings per share (EPS) rose 61 per cent year-on-year in nine months that ended in March, 2020 as revenue increased during the period under review. The board of...

Weekly Review: Stocks post modest gain amid virus scare

Weekly Review: Stocks post modest gain amid virus scare

Babul Barman 2020-06-27 11:10:37

Stocks posted a modest gain in the outgoing week although investors were mostly inactive throughout the week due to pandemic fears and floor price limitation. Week-on-week, DSEX, the key index of the...

Amendment to VAT rebate provision likely

Amendment to VAT rebate provision likely

DOULOT AKTER MALA 2020-06-27 10:02:22

Two major fiscal measures regarding Value Added Tax or VAT may be revised in the Finance Bill, after widespread criticism. The measures include input credit on the basis of consumption and depositing...