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The Financial Express

Search results for: bangladesh

Delta Hospital's cut-off price fixation delayed further

Delta Hospital's cut-off price fixation delayed further

FE Report 2020-05-13 10:52:01

The fixation of cut-off price of Delta Hospital shares has been delayed further as the stock market remained closed in line with the government holidays. The government has extended the ongoing shutd...

Prof Shibli Rubayat to head BSEC

Prof Shibli Rubayat to head BSEC

-- 2020-05-13 09:58:13

The government is set to name Professor Shibli Rubayat Ul Islam, who teaches banking and insurance at Dhaka University, as chairman of Bangladesh Securities and Exchange Commission (BSEC). Prof Shibl...

Nat'l Budget for FY 2020-21: DSE for reduction of corporate tax

Nat'l Budget for FY 2020-21: DSE for reduction of corporate tax

FE Report 2020-05-13 09:34:56

The Dhaka Stock Exchange (DSE) has made 11-points budget proposals including the corporate tax rate cut for the listed companies in the upcoming budget for the fiscal year (FY) 2020-2021. The count...

BB guideline on lending eases for CMSME sector

BB guideline on lending eases for CMSME sector

FE REPORT 2020-05-13 09:16:24

Banks are allowed to provide loans without maintaining internal credit risk rating system (ICRRS) to the cottage, micro, small and medium enterprise (CMSME) sector under the Tk 200-billion stimulus pa...

BSCIC urges 7 banks to give loans to salt farmers

BSCIC urges 7 banks to give loans to salt farmers

-- 2020-05-12 20:01:30

Bangladesh Small and Cottage Industries Corporation (BSCIC) has urged seven banks in Cox’s Bazar to provide loans to salt farmers at 4 per cent interest with rebate facility. The banks are: Son...

‘64pc children say their families facing serious food crisis’

‘64pc children say their families facing serious food crisis’

-- 2020-05-12 19:30:49

A survey by Save the Children in Bangladesh shows that 64 per cent of children from marginalised groups and their families are currently facing serious food crisis amid the coronavirus shutdown. Data...

Planning Commission finalises ADP of Tk 2.05t

Planning Commission finalises ADP of Tk 2.05t

-- 2020-05-12 18:08:06

The Planning Commission on Monday finalised the annual development programme (ADP) involving Tk 2.051 trillion for the next 2020-21 fiscal year. The ADP draft got the approval from the extended meeti...

BSRM Group helps the helpless

BSRM Group helps the helpless

FE Online Desk 2020-05-12 16:52:00

Recently, BSRM Group Employees contributed their one day salary to the Group’s fund raising program to help the helpless during the pandemic. The amount was distributed in three phases. Mr. Mah...

foodpanda introduces insurance for their riders                     

foodpanda introduces insurance for their riders                    

FE Online Desk 2020-05-12 16:28:14

The food delivery platform, foodpanda has taken yet another initiative to help people, especially daily wagers, fight the economic distress caused by lockdowns all across the country. In its newest...

Coca-Cola resumes manufacturing facility in Mymensingh

Coca-Cola resumes manufacturing facility in Mymensingh

FE Online Desk 2020-05-12 16:21:25

Coca-Cola has resumed its manufacturing facility at International Beverages Private Limited (IBPL) in Mymensingh.  The operations began after successful inspection and appraisal by the Government...

Govt releases Tk 4.0-billion cash incentive for exporters

Govt releases Tk 4.0-billion cash incentive for exporters

FE Online Report 2020-05-12 13:12:29

The government has released its fourth installment of cash incentive amounting to Tk 4.0 billion for disbursement among exporters for the fiscal year (FY) 2019-20. The money will be distributed for t...

MoF releases Tk 12.5b for cash support programme

MoF releases Tk 12.5b for cash support programme

FE REPORT 2020-05-12 10:19:59

The ministry of finance (MoF) released on Monday Tk 12.50 billion to provide cash support for five million poor families affected by the coronavirus pandemic. The beneficiaries will receive Tk 2,500...

IPDC Finance declares 10pc cash, 5.0pc stock dividend

IPDC Finance declares 10pc cash, 5.0pc stock dividend

FE DESK REPORT 2020-05-12 09:51:09

The 38th Annual General Meeting (AGM) of IPDC Finance Ltd was virtually held on Monday through a video conferencing. The company declared 10 per cent cash and 5.0 per cent stock dividend for the year...

Resumption of trading during lockdown depends on BSEC, says DSE

Resumption of trading during lockdown depends on BSEC, says DSE

FE REPORT 2020-05-12 09:46:09

The Bangladesh Securities and Exchange Commission (BSEC) is unable to deliver its decision required to resume the trading on the bourses as the regulatory body cannot hold its commission meeting due t...

Standard Bank's net profit jumps 243pc in Q1

Standard Bank's net profit jumps 243pc in Q1

FE Report 2020-05-12 09:45:03

The net profit of Standard Bank surged 243 per cent year-on-year to nearly Tk 365 million in the first quarter (Q1) for January-March, 2020 despite ongoing Covid-19 pandemic. The board of directors o...

Big taxpayers targeted to beat shortfall

Big taxpayers targeted to beat shortfall

Doulot Akter Mala 2020-05-12 09:29:44

The National Board of Revenue, or NBR, will step up its focus on large taxpayers until June of the current fiscal year after it has found VAT collection slipped by nearly 40 per cent last month. The...

BRAC Bank net profit rises to BDT 5,646m in 2019

BRAC Bank net profit rises to BDT 5,646m in 2019

FE Online Desk 2020-05-12 00:42:51

As the nation-wide COVID-19 shutdown continues, BRAC Bank held its earning disclosure for financial year 2019 through an online virtual platform. Local and foreign investment analysts, media profes...

BB asks banks not to disburse cash dividend till Sept 30

BB asks banks not to disburse cash dividend till Sept 30

-- 2020-05-11 22:00:29

Bangladesh Bank (BB) has asked the banks not to disburse cash dividend till September 30 with an aim to boost the fund flow in the banking system during the coronavirus outbreak. The central bank on...

Unilever's jt initiative to combat Covid-19

Unilever's jt initiative to combat Covid-19

FE Online Desk 2020-05-11 17:41:05

Unilever Bangladesh with Bangladesh Red Crescent Society and 2030 Water Resources group are collaborating to prevent the spread of COVID-19 at Deputy Commissioner’s (DC) offices in 64 districts...

BUILD suggests reprioritising ADP: Delay execution of non-priority projects

BUILD suggests reprioritising ADP: Delay execution of non-priority projects

Doulot Akter Mala 2020-05-11 10:38:58

A public-private forum has suggested the deferment of 12 "non-priority" government development projects worth Tk 2.50 billion, considering the fast-spreading virus situation. The Business Initiative...

Govt to fulfill vacancies of top officials at BSEC

Govt to fulfill vacancies of top officials at BSEC

Mohammad Mufazzal 2020-05-11 10:29:50

The government will fulfill the vacancies of the top officials at the securities regulator timely to avoid disruptions in the operations of regulatory affairs. A top official of the financial institu...

BB waives risk rating provision for biggies

BB waives risk rating provision for biggies

Siddique Islam 2020-05-11 10:15:10

The banks will not have to follow the internal credit risk rating system (ICRRS) while providing loans to large industries and services companies under the Tk 300 billion stimulus package announced...

Post-COVID economic recovery depends on mgt quality: ADB

Post-COVID economic recovery depends on mgt quality: ADB

FHM Humayan Kabir 2020-05-11 09:53:50

Bangladesh's quick economic recovery from the COVID-19 depends on the length of the shutdown, and quality of the pandemic management measures, a senior Asian Development Bank official says. "The pe...

Nestlé Bangladesh stands by the distressed people

Nestlé Bangladesh stands by the distressed people

FE Online Desk 2020-05-11 00:19:00

In this unprecedented difficult time, Nestlé Bangladesh Limited stands by the distressed people and donated nutritious Nestlé food products to Prime Minister’s Relief & Welfare...

NBR formulating strategy considering pandemic to achieve target

NBR formulating strategy considering pandemic to achieve target

-- 2020-05-10 21:46:18

The National Board of Revenue (NBR) on Sunday asked its field offices to formulate a strategy keeping the present condition in mind and expedite the collection of Value Added Tax (VAT) and thus achiev...

Loan defaulters can apply for stimulus package: BB

Loan defaulters can apply for stimulus package: BB

-- 2020-05-10 21:16:58

Bangladesh Bank (BB) has eased restrictions on clearing funds from the Tk 300 billion coronavirus stimulus package for industrial sectors allowing the loan defaulters to apply for the incentives. The...

DSE, CSE make donations to PM’s relief fund

DSE, CSE make donations to PM’s relief fund

FE Online Report 2020-05-10 20:13:55

Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) have donated Tk 10 million and Tk 2.50 million respectively to the Prime Minister’s Relief and Welfare Fund to help fight the C...

64 officers to monitor agricultural activities across BD

64 officers to monitor agricultural activities across BD

-- 2020-05-10 16:33:44

The government has assigned an officer in each of Bangladesh's 64 districts to supervise agricultural activities with the aim of ensuring food security amid a rampant coronavirus outbreak in the count...

FY ’21 budget: CPD favours external funding to meet gap

FY ’21 budget: CPD favours external funding to meet gap

FE REPORT 2020-05-10 09:56:50

The government should try to secure external financing to meet its budget gap for fiscal year 2020-21, said the Centre for Policy Dialogue, or CPD, on Saturday. "It is critically important to give he...

Waiver of container storage fees not to continue after May 16

Waiver of container storage fees not to continue after May 16

-- 2020-05-09 19:58:39

The waiver of container storage fees at Chattogram Port Authority (CPA) yard would not be extended after May 16, CPA chairman Commodore Abul Kalam Azad has said. Following the demand of different bus...