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The Financial Express

Search results for: bangladesh

Bangladesh prepares to form pacts with 12 nations for retrieving black money

Bangladesh prepares to form pacts with 12 nations for retrieving black money

UNB 2020-10-31 19:46:19

The government is preparing to bring black money back to the country.  News agency UNB has learnt that the government is planning to ink taxation agreements with as many as 12 countries for allo...

Bangladesh stands out as exception to global pattern of shrinking remittances: WB

Bangladesh stands out as exception to global pattern of shrinking remittances: WB

KHAWAZA MAIN UDDIN 2020-10-31 15:21:52

Bangladesh has exceptionally denied the worldwide declining trend of remittance inflows in a pandemic-hit year, as, a World Bank projection says, the country may receive US$20 billion, or 8.0 per cent...

IPO share bidding of Index Agro begins Sunday

IPO share bidding of Index Agro begins Sunday

FE ONLINE REPORT 2020-10-31 10:27:22

The bidding for eligible investors (EIs) to explore the cut-off price of Index Agro Industries shares will commence from tomorrow (Sunday) at 5:00pm. The company’s price bidding through electro...

On Going China Project in Bangladesh

On Going China Project in Bangladesh

The Policy Times 2020-10-30 18:23:32

China National Machinery Import and Export Corporation (CMC) has partnered with North West Power Generation Company Limited (NWPGCL) of Bangladesh to invest, construct and operate Payra 2×660 MW...

Dhaka may receive chunk of IFC’s $4.0b global pandemic aid

Dhaka may receive chunk of IFC’s $4.0b global pandemic aid

FE Online Report 2020-10-30 16:45:16

The International Finance Corporation (IFC) will work with its partners to help recapitalise viable businesses aiming at a resilient recovery, the lending agency iterated on Friday. The IFC’s p...

Weekly review: Stocks slip into red amid profit booking sell-offs

Weekly review: Stocks slip into red amid profit booking sell-offs

FE ONLINE REPORT 2020-10-30 13:42:06

Stocks slipped into the red in the outgoing week as shaky investors went on selling binge on sector-wise issues amid ongoing corporate declarations. Week-on-week, DSEX, the benchmark index of Dhaka S...

Push for listing of MNCs with Bangladesh stock market

Push for listing of MNCs with Bangladesh stock market

FE REPORT 2020-10-30 09:39:19

The securities regulator is seeking ways to get the multinational companies (MNCs) listed publicly in order to enhance the depth of the capital market. At a meeting on Thursday, the Bangladesh Secu...

China's supply chain investment can address trade gap with Bangladesh: CPD

China's supply chain investment can address trade gap with Bangladesh: CPD

FE Report 2020-10-30 09:30:09

Speakers at a webinar on Thursday stressed the need for more Chinese investments in the supply chain to slash trade gap by increasing Bangladesh's exports to the East Asian nation. They said the part...

BB allows foreign investors to open temporary Taka Accounts

BB allows foreign investors to open temporary Taka Accounts

-- 2020-10-29 20:07:01

Foreign investors, from now on, can open Temporary Non-Resident Taka Account with local authorised dealers (AD)-designated banks and also with offshore banking units (OBUs) of local banks. Referring...

Forex reserves cross $41b

Forex reserves cross $41b

-- 2020-10-29 19:58:26

Bangladesh’s foreign currency reserves have surpassed $41 billion, three weeks after crossing the $40 billion for the first time. The reserves at the Bangladesh Bank stood at $41.2 billion on T...

Working capital loan fund under Covid-19 stimulus package raised to Tk 400b

Working capital loan fund under Covid-19 stimulus package raised to Tk 400b

-- 2020-10-29 19:52:04

The amount of working capital loan for Covid-19 affected industries and service sectors under the Prime Minister's announced Economic Stimulus Package has been raised to Tk 400 billion from Tk 330 bil...

United Power recommends 155pc dividend

United Power recommends 155pc dividend

FE ONLINE REPORT 2020-10-29 11:28:32

The board of directors of United Power Generation & Distribution Company Ltd has recommended 145 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2020. It is the highes...

Stocks witness mixed trend at open

Stocks witness mixed trend at open

FE ONLINE REPORT 2020-10-29 11:16:36

Stocks witnessed a mixed trend in the early trading on Thursday as investors mostly followed cautious stance amid ongoing earnings and dividend declaration sessions. Following the previous five days&...

Bangladeshis among supply chain workers to receive US pandemic aid

Bangladeshis among supply chain workers to receive US pandemic aid

FE REPORT 2020-10-29 09:50:20

The USAID and a dozen of US-based retail, apparel and footwear companies teamed up on Wednesday to help and alleviate the hardship faced by the workers in the Asian supply chains, including that of Ba...

Japan propels higher aid inflow to Bangladesh

Japan propels higher aid inflow to Bangladesh

FHM Humayan Kabir 2020-10-29 09:38:36

The inflow of foreign aid to Bangladesh jumped by 55 per cent in the first quarter (Q1) of this fiscal after Japan released a big chunk of budget support to help the economy recover from the Covid-rel...

Central bank offers cheapest ever export loans

Central bank offers cheapest ever export loans

SIDDIQUE ISLAM 2020-10-29 09:37:54

The central bank has slashed interest rates on loans under the Export Development Fund (EDF) to help exporters weather the pandemic-related disruptions. The revised rates will allow exporters to borr...

Budget spend falls Tk 1.0 trillion short of FY'20 target

Budget spend falls Tk 1.0 trillion short of FY'20 target

FE REPORT 2020-10-29 09:36:10

The government expenditure fell significantly in the last fiscal year as the COVID-19 crisis impacted development outlays. The total budget outlay reached Tk 3.98 trillion at the end of June 30, do...

Banks asked to provide loans to small businesses sincerely, at low interest

Banks asked to provide loans to small businesses sincerely, at low interest

-- 2020-10-28 19:13:24

Prime Minister Sheikh Hasina on Wednesday asked the private banks to be more sincere in providing loans at low interest to small business enterprises to offset the Covid-19 fallout. "In our incentive...

Tea cultivation to be widened on slopes of Garo Hills

Tea cultivation to be widened on slopes of Garo Hills

-- 2020-10-28 16:25:35

Bangladesh Tea Research Institute (BTRI), a body of the Bangladesh Tea Board, has taken an initiative to widen the tea cultivation at the slope of Garo Hills in greater Mymensingh. To this end, the g...

DSE daily turnover exceeds Tk 11b mark

DSE daily turnover exceeds Tk 11b mark

FE Online Report 2020-10-28 16:06:05

Stocks extended the losing streak for the five consecutive sessions on Wednesday as shaky investors continued their sell-offs amid lower than expected earnings declaration of many companies. DSEX, th...

Sajedul Islam new vice-president of DBA

Sajedul Islam new vice-president of DBA

FE ONLINE REPORT 2020-10-28 11:24:21

Md. Sajedul Islam, managing director of Shyamol Equity Management Ltd, has been made vice-president of DSE Brokers Association (DBA). He also served as director of the DBA, according to a press relea...

Marico BD declares 200pc interim cash dividend

Marico BD declares 200pc interim cash dividend

FE ONLINE REPORT 2020-10-28 10:53:37

The board of directors of Marico Bangladesh Ltd, one of the leading listed multinational companies, has declared a 200 per cent interim cash dividend based on six months financials for the period ende...

Olympic Industries recommends 52pc cash dividend

Olympic Industries recommends 52pc cash dividend

FE ONLINE REPORT 2020-10-28 10:25:53

The board of directors of Olympic Industries Ltd has recommended a 52 per cent cash dividend for the year ended on June 30, 2020. The annual general meeting (AGM) will be held on December 24 at 10:00...

Plastic industry policy aims to create 500,000 jobs

Plastic industry policy aims to create 500,000 jobs

MONIRA MUNNI 2020-10-28 10:07:09

The country's plastic and packaging industry is projected to grow at a rate of 15 per cent annually, and generate fresh employment for around 0.5 million people by 2026, sources said. It has also tar...

Renata recommends 140pc dividend

Renata recommends 140pc dividend

FE Report 2020-10-28 10:03:57

Renata has recommended 130 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2020. The company's board of directors has made the recommendation at a meeting. The company h...

Exporters given Tk 18.31b incentive

Exporters given Tk 18.31b incentive

FE REPORT 2020-10-28 09:52:59

The government has released a sum of over Tk 18.31 billion in favour of the Bangladesh Bank for the payment of cash incentives to local exporters, officials said. It is the second installment of cash...

Surprising surplus in Bangladesh's balance of payments

Surprising surplus in Bangladesh's balance of payments

FE REPORT 2020-10-28 09:46:58

The country's overall Balance of Payments (BoP) posted a surplus at over US$ 3.0 billion in the July-September period, according to the central bank of Bangladesh. Many economists believe the slow pa...

Bangladesh regains 40pc cancelled RMG export orders: Foreign minister

Bangladesh regains 40pc cancelled RMG export orders: Foreign minister

-- 2020-10-27 22:37:27

Foreign Minister AK Abdul Momen on Tuesday said Bangladesh has regained 40 per cent of readymade garment (RMG) export orders, which were cancelled by different countries amid COVID-19, due to efforts...

‘Investment in mutual funds more profitable than fixed deposits’

‘Investment in mutual funds more profitable than fixed deposits’

-- 2020-10-27 21:24:39

Chairman of the Bangladesh Securities and Exchange Commission (BSEC) Shibli Rubayat-Ul-Islam has said investment in mutual funds is much more profitable than the fixed deposits in banks. “The c...

Dhaka bourse ends slightly lower

Dhaka bourse ends slightly lower

FE ONLINE REPORT 2020-10-27 15:52:50

Dhaka Stock Exchange on Tuesday closed marginally lower amid choppy trading throughout the whole session. On the day, major sectors such as bank, financial institutions and pharmaceuticals witnessed...