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The Financial Express

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Heat stress to guzzle output equal to 3.83m jobs in BD

Heat stress to guzzle output equal to 3.83m jobs in BD

FE Report 2019-07-03 10:41:04

Bangladesh is projected to lose productivity equivalent to 3.83 million full-time jobs in the year 2030 due to rise in heat stress caused by global warming, according to a latest report. By 203...

Remittances hit record $16.42b in FY' 19

Remittances hit record $16.42b in FY' 19

Siddique Islam 2019-07-03 09:44:58

The flow of remittances grew by 9.65 per cent to a record US$16.42 billion in the just-concluded fiscal year (FY) as the exchange rate of local currency weakened against the US dollar. The figure jum...

BIMSTEC free trade deal likely this year

BIMSTEC free trade deal likely this year

Mir Mostafizur Rahaman 2019-07-03 09:28:54

A free trade agreement (FTA) among the BIMSTEC countries may be signed this year, a top official of the regional grouping said on Tuesday. The BIMSTEC, which stands for the Bay of Bengal Initiative f...

'BD likely to become 25th largest economy in 10 years'

'BD likely to become 25th largest economy in 10 years'

-- 2019-07-02 20:13:11

Prime Minister Sheikh Hasina has said Bangladesh is likely to become 25th largest economy globally in 10 years. “Whatever gaps or limitations that we have, we are ready to correct those. So, we...

Chamber Judge stays HC order on BB privileges for loan defaulters

Chamber Judge stays HC order on BB privileges for loan defaulters

-- 2019-07-02 19:50:46

The Chamber Judge of the Supreme Court on Tuesday stayed a High Court order that directed to maintain a status-quo on a Bangladesh Bank policy offering special privileges to loan defaulters. Justice...

Bangladesh is safe place for investment: PM

Bangladesh is safe place for investment: PM

-- 2019-07-02 18:26:45

Prime Minister Sheikh Hasina has said currently the economy of Bangladesh is stronger than any other time. The Prime Minister also described the country as a safe place for investment, according to a...

FBCCI leaders discuss investment issues with Chinese counterparts

FBCCI leaders discuss investment issues with Chinese counterparts

-- 2019-07-02 17:56:38

Leaders of the Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) on Tuesday discussed ways with their Chinese counterparts to boost trade and investment between the two countries....

UAE keen to invest in food processing sector

UAE keen to invest in food processing sector

-- 2019-07-02 16:43:54

The United Arab Emirates (UAE) wants to invest in the food processing sector of Bangladesh. The UAE Ambassador in Dhaka Saed Mohammed Al Mheiri expressed the interest on behalf of his country during...

Stocks slump first session of new fiscal

Stocks slump first session of new fiscal

FE Online Report 2019-07-02 15:55:45

Stocks tumbled on Tuesday, the first session of the fiscal year (FY) 2019-20, as investors mostly on selling binge on major sectors’ shares. Parliament passed the tax measures for the fiscal ye...

Confusion reigns as govt rolls out new VAT

Confusion reigns as govt rolls out new VAT

FE Online Desk 2019-07-02 14:26:11

Nikkei Asian Review in a news article said that the new Value Added Tax (VAT) system in Bangladesh has confused both the consumers and businesses. Titled ‘Bangladesh's VAT rollout confuses cons...

ICB signs APA  with FID

ICB signs APA with FID

FE Online Desk 2019-07-02 13:22:51

The Annual Performance Agreement (APA) 2019-20 between Financial Institutions Division of Ministry of Finance and Investment Corporation of Bangladesh (ICB) was signed recently. Senior Secretary of F...

ACME starts production of steroid, hormone from IPO project

ACME starts production of steroid, hormone from IPO project

FE Online Report 2019-07-02 11:41:28

The ACME Laboratories Limited has declared the commencement of commercial production of its state of the art steroid, hormone facility at Dhamrai upazila of Dhaka district. The company noted that the...

Stocks open new fiscal year on negative note

Stocks open new fiscal year on negative note

FE Online Reports 2019-07-02 11:37:09

Stocks witnessed downward trend in early hours of trading on Tuesday, the first session of the fiscal year (FY) 2019-20, as investors mostly followed cautious. Parliament passed the tax measures fo...

DSEX adds 36 points in H1 amid volatile trading

DSEX adds 36 points in H1 amid volatile trading

FE Report 2019-07-02 10:32:15

Stocks posted a slight gain in the first half of the 2019 despite the year started with shining streak amidst post-election buoyancy. DSEX, the prime index of the Dhaka Stock Exchange (DSE), to 5,950...

NBR lifts VAT, SD on diaper, sanitary pad raw materials

NBR lifts VAT, SD on diaper, sanitary pad raw materials

FE Report 2019-07-02 10:31:32

The National Board of Revenue (NBR) has exempted Value Added Tax (VAT) and Supplementary Duty (SD) on import of raw materials for producing sanitary napkin and diaper in a bid to make their prices a...

Rights subscription of IPDC to open July 10

Rights subscription of IPDC to open July 10

FE Report 2019-07-02 10:29:39

Rights shares subscription of IPDC Finance Ltd is set to begin July 10, aiming to raise Tk 1.41 billion through rights issuance. Rights subscription of the non-bank financial institution will be co...

BD, WFP working to lift rural women out of extreme poverty

BD, WFP working to lift rural women out of extreme poverty

-- 2019-07-01 17:04:57

The government of Bangladesh is set to reach 100,000 women with livelihood training, behaviour change education, as well as food assistance through a programme involving $72 million. The World Food P...

New VAT law finally takes effect

New VAT law finally takes effect

FE Online Desk 2019-07-01 14:52:55

The new value added tax (VAT) law has finally taken effect from the first day of the new financial year, 2019-20. In line with the announcement made by Finance Minister AHM Mustafa Kamal in the new b...

Bay Leasing AGM approves 10pc cash dividend

Bay Leasing AGM approves 10pc cash dividend

FE Online Desk 2019-07-01 12:38:37

The board of directors of Bay Leasing & Investment Limited has approved 10 per cent cash dividend for the year ended December 31, 2018. The announcement came at the company’s 23rd Annual Ge...

13 cos, one MF raise Tk 5.71b through IPOs

13 cos, one MF raise Tk 5.71b through IPOs

FE Report 2019-07-01 10:36:11

Thirteen companies, mostly small ones, and one mutual find raised an aggregate amount of Tk 5.71 billion by floating IPOs in the outgoing fiscal year. Fundraising by companies through initial public...

Uttara Finance approves 20pc cash dividend

Uttara Finance approves 20pc cash dividend

FE Desk Report 2019-07-01 10:32:38

The 24th Annual General Meeting (AGM) of Uttara Finance and Investments Limited was held at the International Convention City Bashundhara, Dhaka on Sunday. The meeting attended by a large number of Sh...

Trading on bourses to remain closed today

Trading on bourses to remain closed today

FE Online Report 2019-06-30 20:28:39

The trading at Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) will remain closed today (Monday) due to half yearly Bank Holiday. Therefore, there will be no trade on July 01, 2019, ac...

Reform banking sector for budget implementation: Ibrahim Khaled

Reform banking sector for budget implementation: Ibrahim Khaled

-- 2019-06-30 16:54:23

Former Bangladesh Bank Deputy Governor Khondokar Ibrahim Khaled has underscored the need for reforming the country's banking sector for proper implementation of the national budget for 2019-20 fiscal...

Stocks slip into the red despite tax review news

Stocks slip into the red despite tax review news

FE Online Report 2019-06-30 16:32:22

Stocks posted a marginal fall on Sunday despite the government passed the Finance Bill-2019 reducing tax on retained earnings. Parliament on Saturday passed the tax measures for fiscal 2019-20, reduc...

Bangladesh asks Google, Facebook to appoint tax agents

Bangladesh asks Google, Facebook to appoint tax agents

-- 2019-06-30 16:10:25

Internet giants, including Google and Facebook, and other non-resident providers of electronic broadcast services through TV and radio in Bangladesh will have to appoint agents in the country to pay v...

International Leasing recommends 5pc stock dividend

International Leasing recommends 5pc stock dividend

FE Online Report 2019-06-30 15:12:34

The board of directors of International Leasing & Financial Services Ltd has recommended 5.0 per cent stock dividend for the year ended on December 31, 2018. The final approval of the dividend...

Parliament passes Tk 5.23 trillion budget

Parliament passes Tk 5.23 trillion budget

-- 2019-06-30 14:16:13

Parliament on Sunday passed the Tk 5.23 trillion (5,23,190 crore) national budget for the fiscal year 2019-20, themed as 'Bangladesh on a Pathway to Prosperity: Time is Ours, Time for Bangladesh'. Fi...

GPH to invest Tk 60m more in Star Allied Venture

GPH to invest Tk 60m more in Star Allied Venture

FE Online Report 2019-06-30 13:10:26

GPH Ispat Ltd is going to invest Tk 60 million more in Star Allied Venture Ltd, which has recently been decided at a board of directors meeting. The investment will be made as equity against purchase...

Bourses witness downtrend in early trading

Bourses witness downtrend in early trading

FE Online Report 2019-06-30 11:28:19

Stocks witnessed a downward trend in early hour of trading on Sunday as investors mostly followed cautious stance a day-after the finance bill for the budget gets Parliament's approval. Parliament on...

Prime Life Insurance recommends 12pc dividend

Prime Life Insurance recommends 12pc dividend

FE Online Report 2019-06-30 11:18:41

The board of directors of Prime Islami Life Insurance Company has recommended 12 per cent cash dividend for the year ended on December 31, 2018, said an official disclosure on Sunday. The board has a...