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The Financial Express

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Next budget to focus on agriculture, health, mega projects

Next budget to focus on agriculture, health, mega projects

-- 2020-05-06 12:37:10

The government is likely to go for a strategic 'recovery plan' in the next budget (2020-21) with a greater focus on agriculture and health sectors to revive the national economy hit hard by the corona...

No job cut in Runner Auto

No job cut in Runner Auto

FE Report 2020-05-06 09:55:21

Runner Automobiles, one of the country's leading automobile makershas assured employees and staffs of not facing any job cut even though its sales and collections almost cameto a halt due to onslaught...

Earnings of three-fourths of listed textile cos slump

Earnings of three-fourths of listed textile cos slump

Babul Barman 2020-05-06 09:47:53

Earnings of three-fourth listed textile sector companies fell in the first half (H1) of the current fiscal year as exports endured declining trend while the financial expenses increased. There are 56...

Bank borrowing target raised

Bank borrowing target raised

Siddique Islam 2020-05-06 09:23:00

The government has increased its bank borrowing target by more than 54 per cent to nearly Tk 730 billion to partly finance the budget deficit of the current fiscal year, officials said. The governmen...

Next ADP outlay flattening

Next ADP outlay flattening

FHM Humayan Kabir 2020-05-06 09:20:30

After 11 years, the outlay of the Annual Development Programme, or ADP, could almost flatten as revenue income fell in the aftermath of coronavirus outbreak, officials said on Tuesday. They said the...

Export earnings decline by 85pc

Export earnings decline by 85pc

-- 2020-05-05 18:50:55

The country’s export earnings witnessed a massive slump, recording an 85 per cent year-on-year drop in April as the coronavirus pandemic continues to roil the global economy. Readymade garments...

BB to release Tk 250b new notes before Eid

BB to release Tk 250b new notes before Eid

-- 2020-05-05 13:03:13

Bangladesh Bank (BB) aims to release new currency notes of Tk 250 billion in the market before the Eid. The central bank sources said the money would be released about a week before the Eid-ul-Fitr....

DSE for two-hour digital trading from May 10

DSE for two-hour digital trading from May 10

Mohammad Mufazzal 2020-05-05 09:58:30

The Dhaka Stock Exchange (DSE) has sought regulatory approval to resume trading for two hours a day from May 10 amid the ongoing general holiday. The premier bourse DSE wants to resume trading connec...

ADB likely to endorse $500m budgetary aid

ADB likely to endorse $500m budgetary aid

FHM Humayan Kabir 2020-05-05 09:26:54

The Asian Development Bank (ADB) board is likely to approve US$500 million worth of credit support for Bangladesh on Thursday (May 7) to help the latter meet its budget deficit during the current fina...

BB to facilitate loan/investment in CMSME sector

BB to facilitate loan/investment in CMSME sector

FE Online Desk 2020-05-04 22:14:21

Bangladesh Bank (BB) has directed banks/financial institutions to provide special loan/investment facility to revive cottage, micro, and Small and Medium Enterprises (SMEs) that were affected financia...

Most MNCs declare hefty div despite bearish market

Most MNCs declare hefty div despite bearish market

Babul Barman 2020-05-04 10:25:02

Most of the listed multinational companies (MNCs) have recommended substantial amount of cash dividends for the year ended on December 31, 2019, maintaining their profit growth. There are eleven MNCs...

DSE to seek permission from BSEC today

DSE to seek permission from BSEC today

FE Report 2020-05-04 10:17:48

Dhaka Stock Exchange (DSE) will seek permission today (Monday) from the securities regulator to resume trading on May 10. The premier bourse DSE will send a letter to the Bangladesh Securities and Ex...

Next budget could eye 6.0pc GDP growth rate

Next budget could eye 6.0pc GDP growth rate

SYFUL ISLAM 2020-05-04 09:53:32

The government is likely to set a 6.0 per cent GDP (gross domestic product) growth target for the fiscal year, 2020-21, finance ministry officials say. The rate is 2.2 per cent lower than the origina...

NBR to chase Tk 3.3tn tax target in next FY

NBR to chase Tk 3.3tn tax target in next FY

DOULOT AKTER MALA 2020-05-04 09:37:09

The government has set a Tk 3.30-trillion revenue collection target for the National Board of Revenue (NBR) for the fiscal year (FY) 2021. The target is 1.35 per cent higher than that of the original...

Remittance drops 25pc in April

Remittance drops 25pc in April

FE REPORT 2020-05-04 09:32:09

The flow of inward remittance dropped by nearly 25 per cent in April following the coronavirus outbreak in different parts of the world, officials said. Remittances from Bangladeshi nationals working...

RMG export in April declines nearly 85 per cent

RMG export in April declines nearly 85 per cent

FE REPORT 2020-05-04 09:23:21

Ready-made garment (RMG) export in April 2020 declined by 84.86 per cent, which is $366.58 million over the corresponding month in the last calendar year. Export earnings from the apparel sector were...

Finance ministry seeks opinion on next budget through website

Finance ministry seeks opinion on next budget through website

-- 2020-05-03 21:08:20

The government has taken an initiative to take opinion from all sections of people through website on the budget for the next fiscal year (FY21) to be placed in parliament in June. Various stakeholde...

Thousands of employees in retail sector at risk of being jobless

Thousands of employees in retail sector at risk of being jobless

-- 2020-05-03 18:55:14

Thousands of employees in the retail sector are at the risk of losing their jobs if shops do not reopen before Eid. The International Labour Organization (ILO) has already estimated that almost 25 m...

BB halts interest payment on loans

BB halts interest payment on loans

-- 2020-05-03 18:22:31

The Bangladesh Bank has announced a suspension on interest payments on all loans due in April and May in a bid to help borrowers during the coronavirus pandemic. In a notice on Sunday, the central ba...

BSEC to form panel of independent directors for listed companies

BSEC to form panel of independent directors for listed companies

Mohammad Mufazzal 2020-05-03 10:01:09

The securities regulator has decided to form a panel of independent directors who will be appointed in the boards of listed companies. The Bangladesh Securities and Exchange Commission (BSEC) took th...

'Esho Shobai' distributes Iftar on behalf of Evaly

'Esho Shobai' distributes Iftar on behalf of Evaly

FE Online Desk 2020-05-03 01:51:42

“Esho Shobai”, on behalf of E-commerce-based marketplace Evaly, has recently distributed Iftar items and food among 4,000 people in 1,000 families. To help destitute and unemployed people...

Lockdown exit strategies can help

Lockdown exit strategies can help

Asif Ibrahim, Nihad Kabir, Abul Kasem Khan, Syed Nasim Manzur and Dr M Masrur Reaz 2020-05-02 21:23:46

Restriction must be eased out in a manner that can help get maximum economic gain with minimum loss of lives through the pandemic, and at the appropriate time. Life or livelihood? That is the que...

BD ninth strongest emerging economy in dealing with COVID-19 aftermath   

BD ninth strongest emerging economy in dealing with COVID-19 aftermath  

-- 2020-05-02 21:21:23

The Economist, the leading source of analysis on international business and world affairs, has listed Bangladesh as the ninth strongest economy in its report on the financial strength of 66 emerging e...

foodpanda stands beside heroes in the line of duty

foodpanda stands beside heroes in the line of duty

FE Online Desk 2020-05-02 18:10:40

The leading food delivery platform foodpanda, in its latest efforts of serving the community, has distributed 20,000 food packages and rations among COVID 19 frontline soldiers of the nation. Healthc...

Thrust on product innovation through digitisation, R&D in pharma sector 

Thrust on product innovation through digitisation, R&D in pharma sector 

FE Online Desk 2020-05-01 23:16:52

  Experts in a recent webinar suggested for introducing digital solutions in country’s pharmaceutical sector to enhance productivity of the sector.   Fresh investment is needed for...

Green Delta Ins, Nagad jointly launch fundraising platform for helping farmers    

Green Delta Ins, Nagad jointly launch fundraising platform for helping farmers  

FE Online Desk 2020-05-01 16:41:10

Green Delta Insurance Company (GDIC) and Nagad have jointly took on a fundraising initiative for helping the farmers’ community of Bangladesh under a platform named “Amra Korbo Joy&rdquo...

Reckitt Benckiser declares record 1250pc dividend

Reckitt Benckiser declares record 1250pc dividend

FE Online Report 2020-05-01 13:14:39

Reckitt Benckiser (BD) Ltd has declared a record 1250 per cent cash dividend for the year ended on December 31, 2019. The investors will get Tk 125 per share of face value of Tk 10 each. The board o...

BB enhances foreign currency support to commercial banks

BB enhances foreign currency support to commercial banks

Siddique Islam 2020-05-01 09:35:53

The central bank has strengthened its foreign currency support to the commercial banks to settle their import payment obligations particularly for petroleum products, officials said. As part of the m...

DSE set to resume trading from May 10

DSE set to resume trading from May 10

FE Online Report 2020-04-30 21:29:40

Trading on the Dhaka Stock Exchange (DSE) is set to resume from May 10 after a 46-day break due to the Covid-19 pandemic. The DSE board of directors in a virtual meeting on Thursday agreed in princip...

Listed banks endure up to 72pc price erosion in one year

Listed banks endure up to 72pc price erosion in one year

Babul Barman 2020-04-30 09:51:30

Share prices of all listed banks tumbled up to 72 per cent in the past one year until March 25, 2020 amid prolonged bearish trend in the country's capital market. All the 30 banks listed on the Dhaka...