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The Financial Express

Search results for: bangladesh

Stocks edge up, turnover remains low

Stocks edge up, turnover remains low

FE ONLINE REPORT 2020-06-25 14:37:12

Stocks ended slightly higher on Thursday with turnover remaining below Tk 1.0 billion-mark for the 13th straight session as investors mostly followed cautious stance amid worsening pandemic situation....

13pc people lost jobs due to Covid-19 pandemic: Survey

13pc people lost jobs due to Covid-19 pandemic: Survey

UNB 2020-06-25 11:48:15

About 13 per cent people have become unemployed in the country due to Covid-19 pandemic, according to a survey of Bangladesh Institute of Development Studies (BIDS). The survey titled “Coping w...

DSE, CSE open mixed amid low turnover

DSE, CSE open mixed amid low turnover

FE ONLINE REPORT 2020-06-25 11:09:27

Stocks witnessed mixed trend in early trading on Thursday amid worsening pandemic situation in the country. Within 30 minutes of trading, DSEX advanced more than 2.0 points while the CSE All Share Pr...

Continental Insurance declares 10pc dividend

Continental Insurance declares 10pc dividend

FE ONLINE REPORT 2020-06-25 10:58:43

The board of directors of Continental Insurance Ltd has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2019. The final approval of the dividend will...

IFIC Bank declares 10pc stock dividend

IFIC Bank declares 10pc stock dividend

FE ONLINE REPORT 2020-06-25 10:27:20

The board of directors of IFIC Bank Limited has recommended a 10 per cent stock dividend for the year ended on December 31, 2019. The final approval of the dividend will come during the annual genera...

Safety net outlay goes up substantially for FY '21

Safety net outlay goes up substantially for FY '21

FE REPORT 2020-06-25 09:32:10

The government has substantially increased the allocation on the social safety net programmes mainly due to supporting the coronavirus affected people. It allocated Tk. 955.74 billion or nearly 17 pe...

Stocks inch up, but turnover remains low

Stocks inch up, but turnover remains low

FE ONLINE REPORT 2020-06-24 15:14:55

Stocks inched up on Wednesday amid low turnover as investors mostly followed cautious stance due to worsening pandemic situation and floor price limitation. DSEX, the key index of the Dhaka Stock Exc...

Forex reserve crosses $35 billion mark for first time

Forex reserve crosses $35 billion mark for first time

FE ONLINE REPORT 2020-06-24 13:42:54

Bangladesh’s foreign exchange (forex) reserve on Wednesday crossed the US$35 billion-mark -- for the first time in its history, following lower import payment obligations and steady growth of in...

BD gets $500m WB loan to improve road connectivity

BD gets $500m WB loan to improve road connectivity

FE ONLINE REPORT 2020-06-24 12:48:24

The World Bank (WB) has approved 500 million US dollar to help Bangladesh improve road connectivity along the Jashore-Jhenaidah corridor covering four western districts. “The western region of...

Stocks open flat amid low turnover

Stocks open flat amid low turnover

FE ONLINE REPORT 2020-06-24 11:00:49

Stocks nearly flat in early trade on Wednesday as worsening pandemic situation, floor price system, and disappointment over the proposed budget kept the investors away from the trading activities. Wi...

Tax raise on damages for acquired land likely

Tax raise on damages for acquired land likely

FE REPORT 2020-06-24 10:32:31

Income tax on the compensation amount of immovable properties acquired by the government is likely to be tripled in the upcoming fiscal year. In the proposed Finance Bill-2020, the rate of Advance In...

Bourses asked to launch integrated online platform

Bourses asked to launch integrated online platform

FE Report 2020-06-24 10:22:36

The securities regulator has directed both the bourses to launch an integrated online platform for data gathering and information submission and dissemination. The Bangladesh Securities and Exchange...

Dhaka Bank declares 10pc dividend

Dhaka Bank declares 10pc dividend

FE ONLINE REPORT 2020-06-24 10:14:02

Dhaka Bank Ltd has recommended 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2019. The board of directors of the bank in a virtual meeting on Tuesday adopted th...

NBR's tax receipt move on the skids

NBR's tax receipt move on the skids

Doulot Akter Mala 2020-06-24 09:21:30

The government's revenue collection in the current fiscal year is likely to contract for the first time since the country's independence in 1971. The slump in tax collection as the fallout of the cor...

Huawei connects China medical expert team with Bangladesh

Huawei connects China medical expert team with Bangladesh

FE Online Desk 2020-06-23 17:49:22

A total of 12 video conference sessions have been conducted among Chinese medical expert team and departments of Bangladesh government, its medical institutions, designated hospitals and relevant Unit...

Stocks witness yet another flat session

Stocks witness yet another flat session

FE ONLINE REPORT 2020-06-23 14:58:23

Stocks witnessed yet another flat session on Tuesday as growing virus fears and the ‘floor price’ system kept the investors mostly on the sidelines. DSEX, the key index of the Dhaka Stock...

Budget allocation for health not sufficient in view of Covid crisis: CBP

Budget allocation for health not sufficient in view of Covid crisis: CBP

FE ONLINE DESK 2020-06-23 11:51:08

Budgetary allocations for health, agriculture, social protection and education have not been sufficient and visionary in view of the Covid-19 crisis, the Centre on Budget and Policy (CBP), University...

Stocks open mixed amid low turnover

Stocks open mixed amid low turnover

FE ONLINE REPORT 2020-06-23 11:03:47

Stocks witnessed mixed trend in early trading on Tuesday amid sluggish turnover as growing tension over the Covid-19 pandemic and floor price mechanism kept the investors on the sidelines. Within 30...

City Bank declares 15pc cash dividend

City Bank declares 15pc cash dividend

FE ONLINE REPORT 2020-06-23 10:02:14

The City Bank Ltd has recommended 15 per cent cash dividend for the year ended on December 31, 2019. The board of directors of the bank in a virtual meeting held on Monday approved the audited financ...

Bangladesh National Ins declares 12pc cash dividend

Bangladesh National Ins declares 12pc cash dividend

FE Online Report 2020-06-23 10:00:20

The board of directors of Bangladesh National Insurance Company Ltd has recommended 12 per cent cash dividend for the year ended on December 31, 2019. The board of directors of the non-life insurer i...

BB relaxes rules to assist exporters

BB relaxes rules to assist exporters

FE Report 2020-06-23 09:55:12

The central bank has relaxed regulations, allowing banks to discount usance export bills in foreign exchange with their own source of funds, to facilitate exporters. Under the relaxations, the author...

NBR sets sight on addl Tk 20b from furnace oil import

NBR sets sight on addl Tk 20b from furnace oil import

Doulot Akter Mala 2020-06-23 09:43:14

The National Board of Revenue's (NBR) Customs Wing is eyeing an additional Tk 20 billion import duty with the withdrawal of fiscal incentives on furnace oil import. In the Finance Bill 2020, the fina...

Admin reform holds the key to tapping MNCs' China exodus

Admin reform holds the key to tapping MNCs' China exodus

MIR MOSTAFIZUR RAHAMAN 2020-06-23 09:33:36

Bangladesh needs massive administrative reforms and provisions for increased incentives to leverage the shifting global supply chain, which is likely to move out of China. Since many top multinationa...

74pc migrant workers failed to bring back remittance: Study

74pc migrant workers failed to bring back remittance: Study

FE ONLINE REPORT 2020-06-22 20:40:42

Some 74 per cent of returnee migrant workers failed to bring back remittances from their job destination countries, according to a study. The study, conducted by Refugee and Migratory Movements Resea...

Stocks end nearly flat; turnover remains low

Stocks end nearly flat; turnover remains low

FE ONLINE REPORT 2020-06-22 15:09:22

Stocks ended nearly flat on Monday as investors were mostly inactive due to pandemic fears and disappointment over the proposed budget. DSEX, the key index of the Dhaka Stock Exchange, saw a fraction...

IPO subscription of Express Insurance extended until July 2

IPO subscription of Express Insurance extended until July 2

FE ONLINE REPORT 2020-06-22 11:47:28

The public subscription of Express Insurance Ltd has been extended until July 2 with the permission of securities regulator, officials said. The IPO (initial public offering) subscription of the non-...

Stocks down at open amid low turnover

Stocks down at open amid low turnover

FE Online Report 2020-06-22 11:24:43

Stocks saw downward trend in early trading on Monday amid low participation of investors as growing tension over the Covid-19 pandemic and floor price mechanism kept the investors on the sidelines. W...

Runner Automobile’s EPS plunges 98pc in Jan-Mar

Runner Automobile’s EPS plunges 98pc in Jan-Mar

FE ONLINE REPORT 2020-06-22 10:59:35

Runner Automobiles standalone earnings per share (EPS) tumbled nearly 98 per cent year-on-year in the January-March, 2020 quarter as sales impacted by Covid-19 outbreak. The board of directors of the...

DSE daily turnover hits fresh 13-yr low

DSE daily turnover hits fresh 13-yr low

FE ONLINE REPORT 2020-06-21 14:58:39

The daily turnover on the Dhaka Stock Exchange (DSE) tumbled to a fresh 13-year low on Sunday, as the growing virus fears and the ‘floor price’ system kept the investors on the sidelines....

Berger Paints to invest Tk 76.05m in Berger Fosroc

Berger Paints to invest Tk 76.05m in Berger Fosroc

FE ONLINE REPORT 2020-06-21 13:11:04

The board of directors of Berger Paints Bangladesh has decided to invest Tk 76.05 million in its associate company-Berger Fosroc Ltd. “The board of directors has resolved that the company will...