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Search results for: bangladesh

Protect consumption, promote employment in next budget, Debapriya says

Protect consumption, promote employment in next budget, Debapriya says

UNB 2021-05-07 17:53:09

The government should prioritise consumption protection and employment promotion in the upcoming national budget amid the Covid-19 pandemic, said renowned economist and public policy analyst Dr Debapr...

MBL, AIBL mutual funds declare dividend

MBL, AIBL mutual funds declare dividend

FE REPORT 2021-05-07 10:29:34

The trustee boards of two closed-end mutual funds -- MBL 1st Mutual Fund and AIBL 1st Islamic Mutual Fund, managed by LR Global BD Asset Management -- have declared dividends for the year ended on Mar...

Some businesses using invalid, old BINs to evade VAT

Some businesses using invalid, old BINs to evade VAT

FE REPORT 2021-05-07 10:12:34

The revenue board has identified irregularities in using VAT registration number for export-import and other business activities. The National Board of Revenue (NBR) has found that the old invalid Bu...

Central bank issues guideline on MFS trust fund

Central bank issues guideline on MFS trust fund

FE REPORT 2021-05-07 10:07:40

The central bank on Thursday issued a guideline for trust fund management in payment and settlement services for mobile financial services (MFS), payment service provider (PSP) and payment system oper...

Insurance association demands withdrawal of 15pc VAT

Insurance association demands withdrawal of 15pc VAT

FE REPORT 2021-05-07 09:48:33

The Bangladesh Insurance Association (BIA) has demanded withdrawal of 15-per cent value-added tax (VAT) on reinsurance commission in the 2021-22 fiscal budget. Addressing a virtual press conference o...

Guarantee of public benefit sought for tax cut for telecom operators

Guarantee of public benefit sought for tax cut for telecom operators

FE REPORT 2021-05-07 09:45:12

The government's top brass wants guarantee from telecoms operators that the people of the republic benefit from the tax rate if reduced. It is true that tax rate on telecommunications is high and the...

Stakeholders want budgetary support for startups

Stakeholders want budgetary support for startups

FE Report 2021-05-07 09:39:52

Speakers at a discussion on Thursday recommended providing budgetary and policy supports to the startups for enhancing their rapid growth in the post-Covid period. "The startups can play a proactive...

Bangladesh's imports from ACU nations rise by 23pc

Bangladesh's imports from ACU nations rise by 23pc

Siddique Islam 2021-05-07 09:28:50

Imports from the Asian Clearing Union (ACU) member countries increased by more than 23 per cent in the March-April period of this calendar year, officials said. The amount of ACU payment rose to US$1...

Coronavirus hurts Bangladesh's apparel exports to US

Coronavirus hurts Bangladesh's apparel exports to US

MONIRA MUNNI 2021-05-07 09:20:35

Bangladesh's apparel exports to the US sustained a negative growth of over 8.0 per cent during the first quarter of 2021 year-on-year, showing a much slower recovery compared to China and Vietnam. US...

Union Bank to go public

Union Bank to go public

FE REPORT 2021-05-06 10:17:48

Union Bank, a fourth generation private commercial bank, has moved to raise a capital above Tk 4.0 billion from the capital market. To raise the capital, the bank will submit its IPO (initial public...

Over 60pc Bangladeshis lost jobs to Covid in March-April 2020: Survey

Over 60pc Bangladeshis lost jobs to Covid in March-April 2020: Survey

FE Report 2021-05-06 09:34:36

A survey found that 61.57 per cent people had lost their jobs in March and April last year, due to adverse economic impact of the Covid-19 lockdown. Only 15 per cent of these people returned to their...

Tk 6.0-trillion budget to be placed in parliament on June 3

Tk 6.0-trillion budget to be placed in parliament on June 3

FE REPORT 2021-05-06 09:21:20

The government is expected to place a Tk. 6.0 trillion national budget for the fiscal year (FY2021-22) in parliament on June 03 next, people familiar with the development said on Wednesday. They said...

Bangladesh to prepare action plan on post-LDC challenges within a month

Bangladesh to prepare action plan on post-LDC challenges within a month

-- 2021-05-05 22:07:21

Bangladesh is going to prepare an action plan within one month to tackle the possible challenges of Bangladesh’s graduation from the status of a least developed country (LDC) after sorting out t...

Stocks rise at opening amid rising turnover

Stocks rise at opening amid rising turnover

FE ONLINE REPORT 2021-05-05 11:08:12

Stocks opened higher on Wednesday as bargain hunters continued their buying appetite riding on regulatory initiatives and better than expected corporate declarations. The market opened higher and DSE...

Mutual Trust Bank declares 10pc stock dividend

Mutual Trust Bank declares 10pc stock dividend

FE ONLINE REPORT 2021-05-05 10:41:37

The board of directors of Mutual Trust Bank has recommended a 10 per cent stock dividend for the year ended on December 31, 2020. The final approval of the dividend will come during the annual genera...

Capital Market Stabilisation Fund Rules approved

Capital Market Stabilisation Fund Rules approved

FE Report 2021-05-05 10:12:51

The securities regulator has approved the Bangladesh Securities and Exchange Commission (Capital Market Stabilisation Fund) Rules, 2021 on receipt of public opinion. The BSEC earlier formulated the r...

Tax receipts from DSE slump 30pc in April

Tax receipts from DSE slump 30pc in April

BABUL BARMAN 2021-05-05 10:08:51

The government's revenue earnings from the Dhaka Stock Exchange (DSE) slumped by 30 per cent month-on-month in April as share sales by sponsor-directors fell sharply. Market insiders said low amount...

UCB to invest Tk 2b in venture capital, private equity funds

UCB to invest Tk 2b in venture capital, private equity funds

FE REPORT 2021-05-05 09:51:56

The United Commercial Bank Limited (UCB) will invest an aggregate amount of funds worth Tk 2.0 billion in a venture capital fund and a private equity fund as well. The bank's board of directors has t...

Economists, business leaders call for framing virus-centric budget

Economists, business leaders call for framing virus-centric budget

FE REPORT 2021-05-05 09:33:34

Economists and business leaders on Tuesday unequivocally criticised the existing budgetary provision for legalising 'black money' and said the opportunity is biased against the honest taxpayers. They...

DSE gains, CSE falls at opening

DSE gains, CSE falls at opening

FE ONLINE REPORT 2021-05-04 11:50:09

Dhaka stocks opened higher on Tuesday as bargain hunters showed their buying appetite riding on the regulatory move and better-than-expected corporate declarations by some companies. The market opene...

Foreign companies allowed to be sponsor of mutual funds

Foreign companies allowed to be sponsor of mutual funds

FE Report 2021-05-04 10:24:30

Foreign companies from now on will be allowed to be the sponsor of mutual funds (MFs) managed by local fund managers. The Bangladesh Securities and Exchange Commission (BSEC) on Monday took the decis...

NBR to settle 30,000 'short shipments' thru' Asycuda

NBR to settle 30,000 'short shipments' thru' Asycuda

DOULOT AKTER MALA 2021-05-04 10:14:51

The National Board of Revenue (NBR) has decided to settle some 30,000 export shipments using Asycuda system following difficulties of the exporters concerned to avail cash incentives from the central...

India disburses only 12pc of pledged credit so far

India disburses only 12pc of pledged credit so far

FHM HUMAYAN KABIR 2021-05-04 10:10:50

India has disbursed only US$895 million worth of assistance in last one decade against its commitment of $7.50 billion worth of three lines of credit (LoCs) during the period, officials said on Friday...

Bangladesh's foreign exchange reserve crosses $45b mark

Bangladesh's foreign exchange reserve crosses $45b mark

SIDDIQUE ISLAM 2021-05-04 09:55:44

Bangladesh's foreign exchange (forex) reserve crossed US$45 billion-mark for the first time on Monday following lower import payment obligations and higher growth of inward remittance, officials said....

Corn crop brings prosperity in northern region

Corn crop brings prosperity in northern region

THOMSON REUTERS FOUNDATION 2021-05-03 15:25:10

The people of Shaniazan union, in northern Bangladesh, still remember when a river burst its banks in the early 1990s and engulfed their homes, leaving the land too sandy to grow traditional rice and...

Remittance rules relaxed for e-CAB members

Remittance rules relaxed for e-CAB members

-- 2021-05-03 09:34:55

The central bank has allowed banks to provide remittance facilities to the e-commerce platforms for facilitating their activities in Bangladesh, officials said. All authorized dealer (AD) banks are n...

Bangladesh's business confidence shattered by Covid surge: Survey

Bangladesh's business confidence shattered by Covid surge: Survey

-- 2021-05-03 09:14:01

Industries are again worried about their future as business activities have slowed down in the second quarter of 2021 following a strong resurgence of the Covid-19, according to a survey. As per the...

68pc of businesses yet to receive any stimulus, says SANEM

68pc of businesses yet to receive any stimulus, says SANEM

UNB 2021-05-02 22:38:11

Insufficient allocation, lengthy procedure, difficulty in bank-related services, and lack of information about the procedure left 68 per cent of businesses unable to avail the government's stimulus pa...

Export earnings reach $3.13b in April

Export earnings reach $3.13b in April

FE Online Report 2021-05-02 20:50:45

The single month export earnings in April, 2021 grew by over 500 per cent to $3.13 billion mainly due to reopening of major importing countries’ economies that helped the recovery of readymade...

Remittance inflow witnesses 39pc growth in 10 months

Remittance inflow witnesses 39pc growth in 10 months

-- 2021-05-02 20:02:27

Expatriate Bangladeshis sent $20,672 million in remittance during the first 10 months of the current fiscal 2020- 21, which is apparently 39 per cent higher than the same period of the preceding year,...