Loading...
The Financial Express

Search results for: ban

Bangladesh National Ins declares 12pc cash dividend

Bangladesh National Ins declares 12pc cash dividend

FE Online Report 2020-06-23 10:00:20

The board of directors of Bangladesh National Insurance Company Ltd has recommended 12 per cent cash dividend for the year ended on December 31, 2019. The board of directors of the non-life insurer i...

BB relaxes rules to assist exporters

BB relaxes rules to assist exporters

FE Report 2020-06-23 09:55:12

The central bank has relaxed regulations, allowing banks to discount usance export bills in foreign exchange with their own source of funds, to facilitate exporters. Under the relaxations, the author...

NBR sets sight on addl Tk 20b from furnace oil import

NBR sets sight on addl Tk 20b from furnace oil import

Doulot Akter Mala 2020-06-23 09:43:14

The National Board of Revenue's (NBR) Customs Wing is eyeing an additional Tk 20 billion import duty with the withdrawal of fiscal incentives on furnace oil import. In the Finance Bill 2020, the fina...

Admin reform holds the key to tapping MNCs' China exodus

Admin reform holds the key to tapping MNCs' China exodus

MIR MOSTAFIZUR RAHAMAN 2020-06-23 09:33:36

Bangladesh needs massive administrative reforms and provisions for increased incentives to leverage the shifting global supply chain, which is likely to move out of China. Since many top multinationa...

74pc migrant workers failed to bring back remittance: Study

74pc migrant workers failed to bring back remittance: Study

FE ONLINE REPORT 2020-06-22 20:40:42

Some 74 per cent of returnee migrant workers failed to bring back remittances from their job destination countries, according to a study. The study, conducted by Refugee and Migratory Movements Resea...

Stocks end nearly flat; turnover remains low

Stocks end nearly flat; turnover remains low

FE ONLINE REPORT 2020-06-22 15:09:22

Stocks ended nearly flat on Monday as investors were mostly inactive due to pandemic fears and disappointment over the proposed budget. DSEX, the key index of the Dhaka Stock Exchange, saw a fraction...

IPO subscription of Express Insurance extended until July 2

IPO subscription of Express Insurance extended until July 2

FE ONLINE REPORT 2020-06-22 11:47:28

The public subscription of Express Insurance Ltd has been extended until July 2 with the permission of securities regulator, officials said. The IPO (initial public offering) subscription of the non-...

Stocks down at open amid low turnover

Stocks down at open amid low turnover

FE Online Report 2020-06-22 11:24:43

Stocks saw downward trend in early trading on Monday amid low participation of investors as growing tension over the Covid-19 pandemic and floor price mechanism kept the investors on the sidelines. W...

Runner Automobile’s EPS plunges 98pc in Jan-Mar

Runner Automobile’s EPS plunges 98pc in Jan-Mar

FE ONLINE REPORT 2020-06-22 10:59:35

Runner Automobiles standalone earnings per share (EPS) tumbled nearly 98 per cent year-on-year in the January-March, 2020 quarter as sales impacted by Covid-19 outbreak. The board of directors of the...

DSE daily turnover hits fresh 13-yr low

DSE daily turnover hits fresh 13-yr low

FE ONLINE REPORT 2020-06-21 14:58:39

The daily turnover on the Dhaka Stock Exchange (DSE) tumbled to a fresh 13-year low on Sunday, as the growing virus fears and the ‘floor price’ system kept the investors on the sidelines....

Berger Paints to invest Tk 76.05m in Berger Fosroc

Berger Paints to invest Tk 76.05m in Berger Fosroc

FE ONLINE REPORT 2020-06-21 13:11:04

The board of directors of Berger Paints Bangladesh has decided to invest Tk 76.05 million in its associate company-Berger Fosroc Ltd. “The board of directors has resolved that the company will...

Stocks nearly flat at open amid low turnover

Stocks nearly flat at open amid low turnover

FE ONLINE REPORT 2020-06-21 11:51:15

Stocks remained almost flat in early trading on Sunday with sluggish turnover as growing tension over the Covid-19 pandemic and floor price mechanism kept the investors almost stagnant. Wit...

ETF still eludes investors

ETF still eludes investors

Mohammad Mufazzal 2020-06-21 10:39:03

Dhaka Stock Exchange (DSE) is yet to launch the Exchange Traded Fund (ETF) despite the gazette on the rules of this fund was published three years back. The DSE officials said the ETF could not be la...

RMG makers may see fall in export earnings: WTO

RMG makers may see fall in export earnings: WTO

MONIRA MUNNI 2020-06-21 09:26:30

Textile and clothing manufacturers of least-developed countries (LDCs), including Bangladesh, are likely to face a significant fall in export earnings in 2020. The World Trade Organisation (WTO), i...

‘Reform’ key to bankrolling budget

‘Reform’ key to bankrolling budget

FE REPORT 2020-06-21 09:22:58

Carrying out necessary reform in the financial sector and addressing health crisis are crucial to financing the budget while preventing economic growth from tumbling, economists say. They also put em...

World Bank approves over $1b for Bangladesh

World Bank approves over $1b for Bangladesh

-- 2020-06-20 12:14:37

The World Bank has approved $1.05 billion for three projects to help Bangladesh create quality jobs and accelerate economic recovery from the Covid-19 pandemic as well as build resilience to future cr...

Weekly Review: Stocks drift lower, block trade snares 43pc of total turnover

Weekly Review: Stocks drift lower, block trade snares 43pc of total turnover

Babul Barman 2020-06-20 10:05:32

Stocks ended lower in the post-budget week as investors found nothing special for the capital market development in the proposed budget. Week-on-week, DSEX, the key index of the Dhaka Stock Exchange,...

BB eases wiring proceeds from share sales abroad

BB eases wiring proceeds from share sales abroad

Siddique Islam 2020-06-20 09:27:54

The central bank has relaxed regulations allowing non-resident investors to repatriate sales proceeds of their shares in non-listed companies aiming to attract foreign direct investment or FDI in Bang...

Recapitalising SoCBs not good move: Economist

Recapitalising SoCBs not good move: Economist

JASIM UDDIN HAROON 2020-06-20 09:24:26

The government has allocated a significant amount of fund in the proposed budget for fiscal year (FY) 2020-21 to recapitalise the state-owned banks at a time when budget financing remains a big challe...

Stock market badly needs ‘fully IT-based operation’

Stock market badly needs ‘fully IT-based operation’

FE REPORT 2020-06-20 09:23:05

Participants at a webinar on Friday stressed the need for ensuring IT-based market operations and coordination among the regulatory bodies to keep pace with the markets of developed countries and to k...

China grants zero tariff benefits to 5,161 more Bangladeshi products

China grants zero tariff benefits to 5,161 more Bangladeshi products

-- 2020-06-19 10:41:08

China has granted zero tariff treatment for 5,161 more Bangladeshi products in the Chinese market effective from July 1. With the announcement made by the State Council of Ministry of Finance of Chin...

BB slashes CRR to 2.0pc for OBO

BB slashes CRR to 2.0pc for OBO

Siddique Islam 2020-06-19 09:22:17

The central bank has slashed cash reserve ratio (CRR) by 200 basis points to 2.0 per cent only from existing level of 4.0 per cent for the offshore banking operation (OBO) in Bangladesh. Under the...

VAT changes 'disaster' for businesses

VAT changes 'disaster' for businesses

FE REPORT 2020-06-19 09:17:37

Business leaders alleged on Thursday that the changes in VAT measures in the budget have turned the relevant law into a business-unfriendly statute. They said the 2012 VAT law has been transformed in...

COVID-19: Delay in mobilisation of equipment hindering ADP projects

COVID-19: Delay in mobilisation of equipment hindering ADP projects

FE ONLINE REPORT 2020-06-18 20:43:49

Mobilisation of equipment worth Tk 4.0 billion for implementing different development projects has been delayed due to communication disruption amid coronavirus pandemic.     State Min...

Stocks edge down amid growing virus tension

Stocks edge down amid growing virus tension

FE ONLINE REPORT 2020-06-18 14:38:38

Stocks edged lower on Thursday, with turnover remaining below Tk 1.0 billion-mark, amid growing virus tension and dissatisfaction over the proposed budget. DSEX, the key index of the Dhaka Stock...

Stocks slump at open amid low turnover

Stocks slump at open amid low turnover

FE ONLINE REPORT 2020-06-18 11:05:35

Stocks witnessed downward trend in early trading on Thursday with sluggish turnover as growing tension over the Covid-19 pandemic and floor price mechanism kept the investors almost stagnate. Trading...

BD economy expected to grow 7.5pc in FY2021: ADB

BD economy expected to grow 7.5pc in FY2021: ADB

-- 2020-06-18 10:13:06

Bangladesh's gross domestic product is expected to grow by 4.5 per cent in fiscal year 2020 and 7.5 per cent in fiscal year 2021, according to an Asian Development Bank report. The economy in Banglad...

BD-Bhutan PTA likely by Aug 30

BD-Bhutan PTA likely by Aug 30

FE REPORT 2020-06-18 10:03:04

Preferential Trade Agreement (PTA) between Bangladesh and Bhutan is in the final stage and it is likely to be signed by August next to increase bilateral trade between the two countries. All kinds...

CSE for reduction of corporate tax for listed cos

CSE for reduction of corporate tax for listed cos

FE Report 2020-06-18 09:59:04

Chittagong Stock Exchange (CSE) has made a set of proposals, including reduction of corporate tax for listed companies, for the government's further consideration before finalising the budget for the...

BSEC to withdraw floor price mechanism soon

BSEC to withdraw floor price mechanism soon

FE Report 2020-06-18 09:54:07

The BSEC will withdraw the floor price mechanism soon in a bid to ensure free price movements of stocks. Prof. Md. Mizanur Rahman, a commissioner of the securities regulator, disclosed this while joi...