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The Financial Express

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Cargo handling increases in Chattogram port

Cargo handling increases in Chattogram port

-- 2020-04-11 19:37:37

Cargo handling activities have increased in Chattogram port as import of essential commodities targeting the upcoming Ramadan has increased to a great extent in the port. The activities have increase...

Bourses to remain shut until April 25 as holiday extended

Bourses to remain shut until April 25 as holiday extended

FE Online Report 2020-04-11 17:57:53

The country’s two bourses will remain closed until April 25 as the government further extended the ongoing holiday to contain the spread of deadly coronavirus.   The government has furt...

Most listed cement makers' earnings slump

Most listed cement makers' earnings slump

Babul Barman 2020-04-11 09:06:44

Earnings of most of the listed cement manufacturers slumped in the recent quarters compared to the same period in the previous year. Out of the seven cement makers listed on the Dhaka Stock Exchange,...

CSE hails bail-out package, puts thrust on speedy implementation

CSE hails bail-out package, puts thrust on speedy implementation

FE DESK 2020-04-11 09:00:32

Chittagong Stock Exchange Ltd (CSE) said a taskforce can be developed by the government for the proper implementation of the bail-out package, announced by the Prime Minister to stave off the economic...

Company profile: MJL dividends remain steady in three years

Company profile: MJL dividends remain steady in three years

Mohammad Mufazzal 2020-04-11 08:57:16

MJL Bangladesh, the country's largest lubricant company, distributed almost same amount of dividends in last three fiscal years (FY) amid its mixed performance observed in EPS during the same period...

Tourism sector reels from virus outbreak

Tourism sector reels from virus outbreak

Kamrun Nahar 2020-04-11 08:48:40

The domestic tourism industry, hardest hit by coronavirus, has downsized its manpower by 5,085 in the past three months since January, according to a survey. In its report styled 'Impacts on Banglade...

Pandemic impact: Govt seeks $500m budget aid from WB

Pandemic impact: Govt seeks $500m budget aid from WB

FHM Humayan Kabir 2020-04-11 08:10:25

The government has sought US$500 million budgetary support from the World Bank to help finance the annual public expenditure, officials said on Friday. The Economic Relations Division, or ERD, has re...

Bourses to remain shut until April 25

Bourses to remain shut until April 25

FE Online Report 2020-04-10 20:21:17

The country’s two bourses will remain closed until April 25 as the government further extended the ongoing holiday to contain the spread of deadly coronavirus. The government has further extend...

'BD seeks $700m from IMF'

'BD seeks $700m from IMF'

-- 2020-04-10 19:06:21

Bangladesh is seeking $700 million in financial assistance from the International Monetary Fund to mitigate the economic impact of the coronavirus crisis, Tokyo-based Nikkei Asian Review reports. "We...

Banks to close down branches in locked down areas

Banks to close down branches in locked down areas

-- 2020-04-10 17:50:46

The Bangladesh Bank has instructed all banks to shut down their branches in the areas put under lockdown by the government or local administration to prevent the spread of coronavirus. The central ba...

BB cuts CRR,  repo rate to enable banks to implement Tk 727.5b stimulus

BB cuts CRR, repo rate to enable banks to implement Tk 727.5b stimulus

-- 2020-04-09 19:20:19

Bangladesh Bank (BB) has re-fixed the Cash Reserve Ratio (CRR) at 4.0 per cent on bi-weekly average basis with a provision of minimum 3.5 per cent on a daily basis effective from April 15, 2020. ...

Revenue collection to face severe blow, NBR official warns

Revenue collection to face severe blow, NBR official warns

-- 2020-04-09 14:19:49

The revenue collection in Bangladesh will face a severe blow due to slowdown in economic activities in the country and elsewhere in the world following the coronavirus outbreak. "Yes, there’ll...

Business leaders for task force to oversee measures

Business leaders for task force to oversee measures

FE REPORT 2020-04-09 10:04:06

The country's business leaders underscored the need for forming a task force to implement different measures the government had taken to overcome the losses caused by COVID-19 outbreak. They said the...

WB tells govt to divert funds from less-important projects

WB tells govt to divert funds from less-important projects

FHM HUMAYAN KABIR 2020-04-09 09:21:02

The World Bank (WB) has advised Bangladesh to divert unutilised funds from the ongoing less-important development projects to help strengthen its fight against coronavirus, officials said on Wednesday...

Worst-ever economic depression likely

Worst-ever economic depression likely

Rezaul Karim 2020-04-09 08:39:40

The country's economic sectors might face a worst-ever recession in the wake of the coronavirus pandemic, according to a position paper of commerce ministry. The paper was presented at a high-level...

Hotel workers passing difficult time without jobs

Hotel workers passing difficult time without jobs

-- 2020-04-08 19:52:56

Thousands of workers of different hotels, restaurants and sweetmeat shops are going through a tough time without jobs as most eateries have been closed down amid a government-announced general holiday...

IFIC Bank donates Tk 50m to PM Fund

IFIC Bank donates Tk 50m to PM Fund

FE Online Desk 2020-04-08 16:49:50

IFIC Bank Limited has donated Taka 50 million to Prime Minister’s Relief and Welfare Fund to help fight the outbreak of Coronavirus or COVID-19.   The Bank handed over the cheque to the P...

ESCAP’s pre-COVID projection sees 7.8pc economic growth in BD

ESCAP’s pre-COVID projection sees 7.8pc economic growth in BD

FE Online Report 2020-04-08 16:46:15

The economy of Bangladesh may grow by 7.80 per cent in the current fiscal year (FY210), according to a projection of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP)....

BMBA for reduction of corporate tax

BMBA for reduction of corporate tax

Mohammad Mufazzal 2020-04-08 09:50:00

Bangladesh Merchant Bankers Association (BMBA) has prepared a set of budget proposals including more reduction of corporate tax for listed companies. The BMBA sent their budget proposals, made for...

BSEC yet to publish latest annual report

BSEC yet to publish latest annual report

FE Report 2020-04-08 09:47:14

The securities regulator is yet to publish its annual report for the fiscal year (FY) 2018-19, though the ongoing FY 2019-20 will be ended within June 30, 2020. The officials of the Bangladesh Secu...

Tourism sector may face Tk 60.00b loss this year

Tourism sector may face Tk 60.00b loss this year

-- 2020-04-07 17:34:14

Tourism sector of Bangladesh might face a loss of Tk 60.00 billion from January to December this year due to coronavirus outbreak as the sector has been affected most by the pandemic. The Tour Operat...

‘Open MFS accounts for industry workers by April 20’

‘Open MFS accounts for industry workers by April 20’

-- 2020-04-07 17:04:58

Bangladesh Bank (BB) has issued an instruction on opening mobile financial service (MFS) accounts for all workers and employees of export-oriented industries and factories by April 20.  “T...

BB increases Export Development Fund to $5.0b

BB increases Export Development Fund to $5.0b

-- 2020-04-07 16:22:58

Bangladesh Bank has raised the Export Development Fund (EDF) to $5.0 billion in line with the government's efforts to limit the economic impacts of the coronavirus crisis. Exporters will now be able...

SANEM welcomes govt’s financial package to address coronavirus crisis

SANEM welcomes govt’s financial package to address coronavirus crisis

FE ONLINE DESK 2020-04-07 16:08:07

South Asian Network on Economic Modeling (SANEM) has welcomed the government's financial package to address the crisis caused by the coronavirus. “As we have suggested for the two-year economy...

Some 73pc MNCs see price erosion in 1 yr

Some 73pc MNCs see price erosion in 1 yr

Babul Barman 2020-04-07 08:56:48

Multinational companies suffered losses between 7.25 per cent and 62.23 per cent in last one year until March 25 this year in tandem with the price erosion by most of the local companies. Of the 11 m...

Nine listed cos postpone AGMs

Nine listed cos postpone AGMs

FE Report 2020-04-07 08:43:54

Some nine listed companies have postponed their annual general meeting (AGM) due to `unavoidable' circumstances created following the outbreak of COVID-19. The companies' AGMs for the year ended o...

Unbanked firms stand to miss out

Unbanked firms stand to miss out

FHM Humayan Kabir 2020-04-07 08:09:52

Often bypassed by banks, the informal sector is unlikely to get much benefit from the government's Tk 727.50 billion stimulus package, fear economists. They hailed the Prime Minister for unveiling...

Vivo extends warranty of its smartphones till May 31

Vivo extends warranty of its smartphones till May 31

FE Online Desk 2020-04-06 21:30:32

Vivo announced that it will be extending the warranty of its smartphones till May 31. This extension applies to whose warranty was expired on March 25. In the wake of the current Coronavirus outbreak...

State-owned banks donate Tk  50m to PM Fund

State-owned banks donate Tk 50m to PM Fund

FE Online Desk 2020-04-06 17:34:38

State-owned Sonali Bank Limited, Janata Bank Limited, Agrani Bank and Rupali Bank Limited jointly donated Taka 50 million to the Prime Minister's Relief and Welfare fund to help fight deadly coronavir...

Eastern Bank declares 25pc cash dividend

Eastern Bank declares 25pc cash dividend

FE Online Report 2020-04-06 13:20:33

The board of directors of Eastern Bank Limited (EBL) has recommended 25 per cent cash dividend for the year ended on December 31, 2019, officials said. A meeting of board of directors of the bank was...