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Bourses to remain shut until April 14

Bourses to remain shut until April 14

FE Online Report 2020-04-06 12:16:45

The country’s two bourses will remain closed until April 14 as the government extended the holiday to contain the spread of deadly coronavirus (COVID-19). The government on Sunday issued a ne...

Minimum shareholding rules: Firms take advantage of lax implementation by BSEC

Minimum shareholding rules: Firms take advantage of lax implementation by BSEC

Babul Barman 2020-04-06 10:44:23

Some 149 sponsor-directors and 45 listed firms have yet to comply with the minimum shareholding rules, although eight years had elapsed since the enactment of the rules. Individually, the directors d...

CPD projects Tk 1.0tn revenue shortfall

CPD projects Tk 1.0tn revenue shortfall

FE REPORT 2020-04-06 09:43:46

The Centre for Policy Dialogue (CPD) predicts a Tk 1.0-trillion revenue collection shortfall this fiscal considering the impact of COVID-19 on the economy. It also apprehends adverse implications for...

Kamal sees 8.0pc GDP growth unless outbreak lingers

Kamal sees 8.0pc GDP growth unless outbreak lingers

FE Report 2020-04-06 09:30:11

Finance Minister A H M Mustafa Kamal has said COVID-19 outbreak is slowing down economic activities, but the country will see nearly 8.0 per cent gross domestic product (GDP) growth in the current fis...

Financing recovery plan: Economists say banks' liquidity poses challenge

Financing recovery plan: Economists say banks' liquidity poses challenge

JASIM UDDIN HAROON 2020-04-06 08:25:48

Banks' liquidity shortage will make it exceedingly challenging for the government to bankroll the stimulus package of Tk 727.50 billion, economists say. In a televised news conference, Prime Minister...

Factories in all EPZs to remain shut until Apr 14

Factories in all EPZs to remain shut until Apr 14

-- 2020-04-05 22:37:21

All factories in the country’s eight export processing zones (EPZs) under Bangladesh Export Processing Zones Authority (BEPZA) will remain shut until April 14 from Monday to prevent the spread o...

Localisation of SDGs to counteract Covid-19 fallout

Localisation of SDGs to counteract Covid-19 fallout

Shamsul Alam   2020-04-05 21:19:11

It is not possible to achieve sustainable development goals (SDGs) solely at the call of the governments or world leaders at the United Natios (UN), even with only national-level programmes. These m...

Economists outline some challenges of stimulus package

Economists outline some challenges of stimulus package

Jasim Uddin Haroon 2020-04-05 19:41:19

Leading economists of the country have identified several challenges in implementing the stimulus packages of Tk 727.50 billion, announced by the Prime Minister. Prime Minister Sheikh Hasina announc...

PM’s stimulus package to save economy, livelihood: FBCCI

PM’s stimulus package to save economy, livelihood: FBCCI

FE Online Desk 2020-04-05 18:29:47

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Sunday welcomed the stimulus package of Tk 72,750 crore, declared by Prime Minister Sheikh Hasina to help mitigate the impact...

BSCIC industry owners seek special consideration

BSCIC industry owners seek special consideration

FE Online Desk 2020-04-05 18:21:01

BSCIC Industry Owners’ Association has sought special package to save the sector from the wrath of the present economic woes, created due to Covid-19 pandemic. "At present, 76 BSCIC industria...

Exim Bank donates Tk 50m to PM Fund

Exim Bank donates Tk 50m to PM Fund

FE Online Desk 2020-04-05 18:02:33

EXIM Bank donated Tk 50 million to the Prime Minister’s Relief and Welfare Fund for providing Personal Protective Equipments (PPE)/Testing Kits/Respiratory Equipments and helping the needy and p...

Al-Arafah donates Tk 50m to PM Fund

Al-Arafah donates Tk 50m to PM Fund

FE Online Desk 2020-04-05 17:57:43

Al-Arafah Islami Bank Limited has donated Tk 50 million to the Prime Minister’s Relief and Welfare Fund to help the government fight the spreading of corona virus. Bangladesh Association of Bank...

COVID 19: SANEM proposes 2Y recovery plan for BD

COVID 19: SANEM proposes 2Y recovery plan for BD

-- 2020-04-05 13:01:52

Executive Director of South Asian Network on Economic Modeling (SANEM) Dr Selim Raihan has proposed a two-year recovery plan for Bangladesh instead of the 8th Five Year Plan now. He chalked out eight...

Three listed banks recommend dividend   

Three listed banks recommend dividend  

FE Report 2020-04-05 09:43:55

Three listed banks have recommended dividend ranging between 10 per cent and 16 per cent for the year ended on December 31, 2019. Of three banks, one witnessed rise in EPS (earnings per share) whil...

IDLC donates essential food items among 30,000 daily wage earners

IDLC donates essential food items among 30,000 daily wage earners

FE Online Desk 2020-04-04 18:23:06

 IDLC Finance Limited has taken an initiative to donate essential food items for low income people & daily wage-earners living in different parts of the country from April 4. In this initiat...

Meghna Bank staff to donate one-day salary

Meghna Bank staff to donate one-day salary

FE Online Desk 2020-04-04 17:07:34

The staff of Meghna Bank Limited has come forward to stand by the people affected by the corona virus situation, who are out of the social safety-net. The staff of the bank has decided to donate one-...

No penalty on credit card dues until June: BB

No penalty on credit card dues until June: BB

-- 2020-04-04 15:28:38

The Bangladesh Bank has ordered banks to waive penal charges for credit card customers until June for any late payment amid the ongoing lockdown due to a coronavirus outbreak. The central bank announ...

Company profile: Square Pharma to invest Tk 3.50b for business expansion

Company profile: Square Pharma to invest Tk 3.50b for business expansion

Babul Barman 2020-04-04 10:41:17

Square Pharmaceuticals, country's top pharmaceutical company witnessed a steady performance in operational, financial and profitability thanks to its product quality and expanded market. The country'...

Pandemic pushes down remittance inflow

Pandemic pushes down remittance inflow

FE REPORT 2020-04-04 09:36:42

The flow of inward remittance dropped by nearly 12 per cent in March following coronavirus outbreak in different parts of the world, officials said. Remittances from Bangladeshi nationals working abr...

Battling COVID-19: WB could fast-track $100m loan release

Battling COVID-19: WB could fast-track $100m loan release

FHM Humayan Kabir 2020-04-04 08:25:52

The World Bank is likely to confirm US$100 million loan disbursement for Bangladesh within a couple of days to help the country tackle the deadly coronavirus outbreak, a senior official said. "We've...

MSMEs need emergency fund at lower interest rate: DCCI to govt

MSMEs need emergency fund at lower interest rate: DCCI to govt

FE Online Report 2020-04-03 19:54:53

Dhaka Chamber of Commerce & Industry (DCCI) on Friday urged the government to create emergency fund for micro, small & medium enterprises (MSMEs) amid coronavirus outbreak at a lower interest...

Al-Arafah to donate 1-day salary of staff

Al-Arafah to donate 1-day salary of staff

FE Online Desk 2020-04-03 19:14:43

All employees of Al-Arafah Islami Bank Limited have decided to donate one day’s salary to the Prime Minister’s Relief and Welfare Fund to help the government fight the present crisis, crea...

‘BD should inject more cash into economy to fight COVID-19’

‘BD should inject more cash into economy to fight COVID-19’

-- 2020-04-03 18:25:37

Bangladesh needs to inject more cash into the economy to tackle the impact of novel coronavirus (COVID-19) pandemic, said Asian Development Bank (ADB) Country Director Manmohan Parkash. He also under...

DCCI for emergency fund for MSMEs

DCCI for emergency fund for MSMEs

FE Online Desk 2020-04-03 18:01:37

Dhaka Chamber of Commerce & Industry (DCCI) urged the government to create a 3-year long emergency fund with 1. 0 per cent interest to support the financially stressed local MSMEs and informal s...

MTB donates Tk 50m to PM Fund

MTB donates Tk 50m to PM Fund

FE Online Desk 2020-04-03 16:47:09

Mutual Trust Bank Ltd. (MTB) has donated BDT 50 million to the Prime Minister's Relief and Welfare Fund to help fight the outbreak of coronavirus recently. The bank handed over the cheque through Ban...

BD economy expected to remain strong: ADB

BD economy expected to remain strong: ADB

-- 2020-04-03 14:42:50

The Bangladesh economy is expected to remain strong in fiscal 2020, with a strong GDP growth rate of 7.8 per cent, according to the Asian Development Bank. The gross domestic product (GDP) of Banglad...

Advent Pharma gets nod to roll out five products

Advent Pharma gets nod to roll out five products

FE Report 2020-04-03 08:59:33

Advent Pharma Ltd., an animal healthcare drugs manufacturer, has received approval from the Directorate General of Drug Administration recently to introduce five new products. Of the new products,...

Process underway to change asset manager of two MFs

Process underway to change asset manager of two MFs

Mohammad Mufazzal 2020-04-03 08:52:55

The Bangladesh General Insurance Company (BGIC), the trustee of Green Delta Mutual Fund and the DBH 1st Mutual Fund, has appointed an auditor to complete the process of changing the asset manager of...

Tk 50b stimulus package: BB invites applications from banks

Tk 50b stimulus package: BB invites applications from banks

FE REPORT 2020-04-03 08:22:40

The central bank has invited applications in prescribed forms from all the scheduled banks for receiving low cost fund from the government-announced Tk 50 billion stimulus package. "We've issued a ci...

Economist floats recovery plan as virus bites economy

Economist floats recovery plan as virus bites economy

FHM Humayan Kabir 2020-04-03 08:12:19

An economist on Thursday suggested the government devise a two-year "Recovery Plan" aiming to dilute the impact of coronavirus pandemic. Outlining his plan, Dr Selim Raihan, a professor of economics...