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The Financial Express

Search results for: bangladesh

DSE to seek permission from BSEC today

DSE to seek permission from BSEC today

FE Report 2020-05-04 10:17:48

Dhaka Stock Exchange (DSE) will seek permission today (Monday) from the securities regulator to resume trading on May 10. The premier bourse DSE will send a letter to the Bangladesh Securities and Ex...

Next budget could eye 6.0pc GDP growth rate

Next budget could eye 6.0pc GDP growth rate

SYFUL ISLAM 2020-05-04 09:53:32

The government is likely to set a 6.0 per cent GDP (gross domestic product) growth target for the fiscal year, 2020-21, finance ministry officials say. The rate is 2.2 per cent lower than the origina...

NBR to chase Tk 3.3tn tax target in next FY

NBR to chase Tk 3.3tn tax target in next FY

DOULOT AKTER MALA 2020-05-04 09:37:09

The government has set a Tk 3.30-trillion revenue collection target for the National Board of Revenue (NBR) for the fiscal year (FY) 2021. The target is 1.35 per cent higher than that of the original...

Remittance drops 25pc in April

Remittance drops 25pc in April

FE REPORT 2020-05-04 09:32:09

The flow of inward remittance dropped by nearly 25 per cent in April following the coronavirus outbreak in different parts of the world, officials said. Remittances from Bangladeshi nationals working...

RMG export in April declines nearly 85 per cent

RMG export in April declines nearly 85 per cent

FE REPORT 2020-05-04 09:23:21

Ready-made garment (RMG) export in April 2020 declined by 84.86 per cent, which is $366.58 million over the corresponding month in the last calendar year. Export earnings from the apparel sector were...

Finance ministry seeks opinion on next budget through website

Finance ministry seeks opinion on next budget through website

-- 2020-05-03 21:08:20

The government has taken an initiative to take opinion from all sections of people through website on the budget for the next fiscal year (FY21) to be placed in parliament in June. Various stakeholde...

Thousands of employees in retail sector at risk of being jobless

Thousands of employees in retail sector at risk of being jobless

-- 2020-05-03 18:55:14

Thousands of employees in the retail sector are at the risk of losing their jobs if shops do not reopen before Eid. The International Labour Organization (ILO) has already estimated that almost 25 m...

BB halts interest payment on loans

BB halts interest payment on loans

-- 2020-05-03 18:22:31

The Bangladesh Bank has announced a suspension on interest payments on all loans due in April and May in a bid to help borrowers during the coronavirus pandemic. In a notice on Sunday, the central ba...

BSEC to form panel of independent directors for listed companies

BSEC to form panel of independent directors for listed companies

Mohammad Mufazzal 2020-05-03 10:01:09

The securities regulator has decided to form a panel of independent directors who will be appointed in the boards of listed companies. The Bangladesh Securities and Exchange Commission (BSEC) took th...

'Esho Shobai' distributes Iftar on behalf of Evaly

'Esho Shobai' distributes Iftar on behalf of Evaly

FE Online Desk 2020-05-03 01:51:42

“Esho Shobai”, on behalf of E-commerce-based marketplace Evaly, has recently distributed Iftar items and food among 4,000 people in 1,000 families. To help destitute and unemployed people...

Lockdown exit strategies can help

Lockdown exit strategies can help

Asif Ibrahim, Nihad Kabir, Abul Kasem Khan, Syed Nasim Manzur and Dr M Masrur Reaz 2020-05-02 21:23:46

Restriction must be eased out in a manner that can help get maximum economic gain with minimum loss of lives through the pandemic, and at the appropriate time. Life or livelihood? That is the que...

BD ninth strongest emerging economy in dealing with COVID-19 aftermath   

BD ninth strongest emerging economy in dealing with COVID-19 aftermath  

-- 2020-05-02 21:21:23

The Economist, the leading source of analysis on international business and world affairs, has listed Bangladesh as the ninth strongest economy in its report on the financial strength of 66 emerging e...

foodpanda stands beside heroes in the line of duty

foodpanda stands beside heroes in the line of duty

FE Online Desk 2020-05-02 18:10:40

The leading food delivery platform foodpanda, in its latest efforts of serving the community, has distributed 20,000 food packages and rations among COVID 19 frontline soldiers of the nation. Healthc...

Thrust on product innovation through digitisation, R&D in pharma sector 

Thrust on product innovation through digitisation, R&D in pharma sector 

FE Online Desk 2020-05-01 23:16:52

  Experts in a recent webinar suggested for introducing digital solutions in country’s pharmaceutical sector to enhance productivity of the sector.   Fresh investment is needed for...

Green Delta Ins, Nagad jointly launch fundraising platform for helping farmers    

Green Delta Ins, Nagad jointly launch fundraising platform for helping farmers  

FE Online Desk 2020-05-01 16:41:10

Green Delta Insurance Company (GDIC) and Nagad have jointly took on a fundraising initiative for helping the farmers’ community of Bangladesh under a platform named “Amra Korbo Joy&rdquo...

Reckitt Benckiser declares record 1250pc dividend

Reckitt Benckiser declares record 1250pc dividend

FE Online Report 2020-05-01 13:14:39

Reckitt Benckiser (BD) Ltd has declared a record 1250 per cent cash dividend for the year ended on December 31, 2019. The investors will get Tk 125 per share of face value of Tk 10 each. The board o...

BB enhances foreign currency support to commercial banks

BB enhances foreign currency support to commercial banks

Siddique Islam 2020-05-01 09:35:53

The central bank has strengthened its foreign currency support to the commercial banks to settle their import payment obligations particularly for petroleum products, officials said. As part of the m...

DSE set to resume trading from May 10

DSE set to resume trading from May 10

FE Online Report 2020-04-30 21:29:40

Trading on the Dhaka Stock Exchange (DSE) is set to resume from May 10 after a 46-day break due to the Covid-19 pandemic. The DSE board of directors in a virtual meeting on Thursday agreed in princip...

Listed banks endure up to 72pc price erosion in one year

Listed banks endure up to 72pc price erosion in one year

Babul Barman 2020-04-30 09:51:30

Share prices of all listed banks tumbled up to 72 per cent in the past one year until March 25, 2020 amid prolonged bearish trend in the country's capital market. All the 30 banks listed on the Dhaka...

DSE brokers for allowing undisclosed money into stock market

DSE brokers for allowing undisclosed money into stock market

FE Report 2020-04-30 09:38:49

The DSE Brokers Association (DBA) has made a set of proposals, including the scope of investing undisclosed money into the capital market, to overcome the crisis created following the outbreak of COVI...

BSEC to seek public opinion on draft rules

BSEC to seek public opinion on draft rules

FE Report 2020-04-30 09:36:03

The securities regulator will fix new timeframe after opening its office to seek public opinion on the draft rules required to issue new TREC (trading right entitlement certificate). The decision was...

Forex reserve reaches $33b on lower import

Forex reserve reaches $33b on lower import

Siddique Islam 2020-04-30 09:33:11

The country's foreign exchange (forex) reserve reached at US$33 billion-mark on Wednesday following lower import payment pressure on the economy due to the worldwide spread of coronavirus pandemic....

SANEM for interest-free loans for farmers

SANEM for interest-free loans for farmers

FE ONLINE DESK 2020-04-29 14:51:03

South Asian Network on Economic Modeling (SANEM) has called giving farmers for interest-free loan, rather than a 4.0 per cent interest loan for them. Dr. Selim Raihan, Executive Director of the SANEM...

Marico BD declares final 200pc cash dividend

Marico BD declares final 200pc cash dividend

FE Online Report 2020-04-29 14:31:33

The board of directors of Marico Bangladesh Ltd has recommended final 200 per cent cash dividend for the year ended on March 31, 2020. The board recommended the dividend and approved the audited fina...

‘Behavioural change in public spaces key to overcome virus impact’ 

‘Behavioural change in public spaces key to overcome virus impact’ 

Jasim Uddin Haroon 2020-04-29 13:43:23

Coronavirus is going to change the way we do things in our society- from handshake to how we behave in public places. The social distancing, physical distancing to be accurate, is likely to stay until...

Two million garment jobs 'at risk' as clothes orders dry up

Two million garment jobs 'at risk' as clothes orders dry up

BBC 2020-04-29 12:20:42

High Street fashion emporiums around the world have closed their doors for lockdowns, but the largely forgotten victims are thousands of miles from the glass and steel-fronted shopping arcades. Sabin...

‘Economic recovery after virus pandemic would be challenging’

‘Economic recovery after virus pandemic would be challenging’

FE ONLINE REPORT 2020-04-28 23:08:46

Finance Minister AHM Mustafa Kamal has advised the banking sector leaders to keep non-performing loan (NPL) at a tolerable level as the economic recovery after COVID-19 pandemic would be challenging....

PKSF affiliates donate Tk 270m for the poor

PKSF affiliates donate Tk 270m for the poor

FE Online Desk 2020-04-28 19:25:01

The Palli Karma-Sahayak Foundation (PKSF) through its affiliated organisations has provided assistance worth about Tk 27 crore to the poor affected by the Covid-19 shutdown. PKSF, in a statement issu...

Poor paid-up capital of DSE brokers haunt investors

Poor paid-up capital of DSE brokers haunt investors

Mohammad Mufazzal 2020-04-28 09:27:17

Paid-up capital of a significant number of brokerage firms of Dhaka Stock Exchange (DSE) still remain poor compared to stipulated capital requirements set to avert the risk of doing business. The Ban...

Next ADP to focus on virus, farm, safety net

Next ADP to focus on virus, farm, safety net

FHM Humayan Kabir 2020-04-28 09:14:29

The Planning Commission is working on framing the Annual Development Programmer, or ADP, for the fiscal year, 2020-21 with an eye on rebuilding the economy, unsettled by coronavirus and shutdown, of...