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The Financial Express

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Medium-term strategy: 'Revenue think-tank' to support formulation

Medium-term strategy: 'Revenue think-tank' to support formulation

DOULOT AKTER MALA 2020-01-02 10:38:40

The government has decided to establish a 'revenue think-tank' to support its proposed medium-term revenue strategy (MTRS), aimed at increasing the tax-GDP ratio. The country's tax-GDP ratio -- aroun...

Remittance rises by 18pc in 2019

Remittance rises by 18pc in 2019

SIDDIQUE ISLAM 2020-01-02 10:17:01

Inward remittance grew by nearly 18 per cent to a record $18.42 billion in the just-passed 2019 for a government effort to incentivise remitters. The figures jumped from $15.53 billion in 2018, accor...

Kamal clueless about stock market behaviour

Kamal clueless about stock market behaviour

FE REPORT 2020-01-02 09:53:56

Finance minister AHM Mustafa Kamal Wednesday said he failed to understand the reasons for the stock market not behaving in line with other major economic indicators. He said everyone praises Banglade...

Single-digit interest rate likely from April: Minister

Single-digit interest rate likely from April: Minister

-- 2020-01-01 22:19:25

Finance Minister AHM Mustafa Kamal on Wednesday said the implementation of the proposed single-digit interest rate has been deferred by three months to avoid complications. “Hopefully, the sing...

Stocks start new year with positive note

Stocks start new year with positive note

FE Online Report 2020-01-01 11:32:19

Stocks witnessed upward trend in early hours of trading on Wednesday, the opening day of the New Year, as optimistic investors are showing their appetite on sector-wise issues. Following the previous...

Net foreign fund in stocks negative for two years

Net foreign fund in stocks negative for two years

Babul Barman 2020-01-01 11:03:06

Net foreign investment on Dhaka Stock Exchange remained negative for two straight years in 2018 and 2019 as the overseas investors continued to pull out their fund amid depressed market outlook. The...

Investors pessimistic about MFs

Investors pessimistic about MFs

MOHAMMAD MUFAZZAL 2020-01-01 10:58:11

The listed mutual funds (MFs) were in dire straits throughout 2019 as investors lost their confidence in the sector following their poor returns. Following investors' less participation, the unit pri...

Flashback 2019 Economy: RMG sector faces ups and downs

Flashback 2019 Economy: RMG sector faces ups and downs

MONIRA MUNNI 2020-01-01 10:38:51

The country's readymade garment (RMG) sector went through ups and downs last year, prompting industry insiders to seek immediate policy support to tackle the challenges still ahead of them. Althoug...

Retrieving laundered money: Govt body moots tax detectives in BD missions

Retrieving laundered money: Govt body moots tax detectives in BD missions

SYFUL ISLAM 2020-01-01 10:03:35

A government body has suggested appointing 'tax detectives' in Bangladesh missions abroad, updating the double-taxation deal with Switzerland and exchanging views with the countries where most of the...

Waiver of tax sought

Waiver of tax sought

FE Report 2019-12-31 12:26:59

A tripartite committee has made four proposals including the waiver of transaction tax to start the trading of Treasury Bond (T-Bond) and Treasury Bill (T-Bill) through the stock exchanges. A nine-me...

Flashback 2019 Economy: GDP growth only bright spot

Flashback 2019 Economy: GDP growth only bright spot

JASIM UDDIN HAROON 2019-12-31 11:57:11

Almost all key economic indicators fell in 2019, though GDP (gross domestic product) growth was robust in the outgoing year, according to official data. Economists said some new indicators that were...

Falling exports, slow pvt credit major weaknesses

Falling exports, slow pvt credit major weaknesses

ADNAN HOSSAIN BHUIYAN 2019-12-31 11:51:18

The country's businesses identified negative export growth, revenue shortfall, falling private sector credit growth, rising levels of default loans and heavy government bank borrowing as major worries...

Ministry doubles LNG import terminal, re-gasification capacity

Ministry doubles LNG import terminal, re-gasification capacity

M AZIZUR RAHMAN 2019-12-31 11:40:34

The power and energy ministry doubled the LNG import terminal and re-gasification capacity and added 2,153 megawatt (MW) of electricity totalling the country's overall installed capacity to 19,467 MW...

Big-cap issues play havoc with erosion of prices

Big-cap issues play havoc with erosion of prices

Mohammad Mufazzal 2019-12-31 10:43:20

Large cap listed companies played a significant role in the huge erosion of the broad index during the just concluded year because of the companies' significant share in market capitalisation. The pr...

Stocks end 2019 on positive note

Stocks end 2019 on positive note

FE Report 2019-12-31 10:40:02

The last trading session of the outgoing calendar year edged higher on Monday as investors showed their appetite for selective large-cap stocks. DSEX, the prime index of the Dhaka Stock Exchange (DSE...

aamra technologies approves 10pc div

aamra technologies approves 10pc div

FE DESK 2019-12-31 10:37:08

The 30th Annual General Meeting of aamra technologies limited was held at Delta Life Conference Hall, Gulshan, Dhaka. The meeting was presided over by Syed Faruque Ahmed, Chairman of the company, sai...

A gloomy year for stock investors

A gloomy year for stock investors

BABUL BARMAN 2019-12-31 10:19:24

The capital market passed yet another gloomy year as the core index of the Dhaka Stock Exchange (DSE) lost 18.5 per cent year-on-year in 2019, after hitting a 42-month low. After the stock market cra...

Robust growth is something to cheer about in 2019

Robust growth is something to cheer about in 2019

FE REPORT 2019-12-31 10:04:55

The economy has faced a number of new challenges on its business and fiscal fronts in 2019, even though the political atmosphere has been peaceful, according to economists and businesses. The new cha...

Rupali Bank to raise Tk 10b through coupon bearing bond

Rupali Bank to raise Tk 10b through coupon bearing bond

FE Online Report 2019-12-30 11:36:31

The board of directors of Rupali Bank Ltd has decided to raise fund against issuance of coupon bearing non-convertible perpetual bond of Tk 10 billion through private placement. The state-run bank wi...

Govt debt edges up in FY '19

Govt debt edges up in FY '19

JASIM UDDIN HAROON 2019-12-30 11:29:00

Public debt increased slightly in the last financial year (FY) due to the rise in fiscal deficit crossing the benchmark 5.0 per cent. In a recent publication, the International Monetary Fund, or IMF,...

Bourses open higher last session of 2019

Bourses open higher last session of 2019

FE Online Report 2019-12-30 11:28:53

Stocks witnessed upward trend in early hours of trading on Monday, the last trading session of 2019, as bargain hunters were active on sector-wise issues. Following the previous day’s positiv...

Slower external trade may impact growth

Slower external trade may impact growth

FE REPORT 2019-12-30 09:58:18

The slowdown in its external trade might hurt the country's pace of economic growth in the current fiscal year. But a robust growth of workers' remittance is likely to act as counterweight in this re...

Stocks keep gaining on bargain hunting

Stocks keep gaining on bargain hunting

FE Online Report 2019-12-29 16:49:14

Stocks extended the gaining spell for the second day in a row on Sunday as bargain hunters continued to show their buying appetite on sector specific issues. The investors were active from the beginn...

SIBL to raise Tk 5.0b through bond issue

SIBL to raise Tk 5.0b through bond issue

FE Online Report 2019-12-29 13:47:52

The board of directors of Social Islami Bank Ltd (SIBL) has decided to raise Tk 5.0 billion through issuance of Mudaraba Perpetual Bonds, said an official disclosure on Sunday. The bank will issue th...

Bourses witness gains amid optimism

Bourses witness gains amid optimism

FE Online Report 2019-12-29 11:24:21

Stocks witnessed an upward trend in the early hours of trading on Sunday as bargain hunters were active on sector-wise issues. Following the previous day’s positive ending, the Dhaka Stock Exch...

Starting upbeat, BD economy ends 2019 tanking

Starting upbeat, BD economy ends 2019 tanking

-- 2019-12-28 11:43:16

Bangladesh began 2019 with things looking up on the economic front coupled with political stability after vote, but concerns have blunted it at the end of the year. The pace gathered in the past few...

Weekly market review: Stocks continue to bleed

Weekly market review: Stocks continue to bleed

Babul Barman 2019-12-28 10:51:18

The losing streak continued for the fourth straight weeks on the bourses that ended Thursday as worried investors continued their selling binge on large-cap issues. Week-on-week, DSEX, the prime inde...

Remittance flow to rise 18pc in the outgoing yr

Remittance flow to rise 18pc in the outgoing yr

Siddique Islam 2019-12-28 10:46:30

The flow of inward remittance is set to jump more than 18 per cent or US$2.80 billion in the outgoing calendar year 2019 as the government has provided incentive to the beneficiaries against inward re...

Lower tax growth delays routine budget review

Lower tax growth delays routine budget review

JASIM UDDIN HAROON 2019-12-28 09:51:34

The slow revenue mobilisation has started impacting the national budget execution process, prompting the authorities to delay reviewing the fiscal blueprint. Officials at the finance division of the...

Benapole falls short of its revenue target

Benapole falls short of its revenue target

-- 2019-12-27 19:26:52

Benapole Customs House has failed to achieve its revenue collection target between July and November, collection only half of its initial target. Uttam Chakma, assistant commissioner of the Customs H...