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The Financial Express

Search results for: bangladesh

DCCI for engaging public banks for disbursing stimulus funds to MSMEs

DCCI for engaging public banks for disbursing stimulus funds to MSMEs

-- 2020-04-22 16:45:03

Dhaka Chamber of Commerce and Industry (DCCI) has proposed engaging state-owned commercial banks (SOBs) to disburse stimulus funds particularly for micro, small and medium enterprises (MSMEs). The DC...

NBR resumes Ctg port in full swing

NBR resumes Ctg port in full swing

FE Online Report 2020-04-22 14:44:52

The National Board of Revenue (NBR) has resumed full fledged customs operation in Chittagong port to ease congestion. The customs wing has issued an order on Wednesday in this connection. Earlier, t...

Most listed food & allied companies' earnings dip

Most listed food & allied companies' earnings dip

Babul Barman 2020-04-22 09:17:58

Earnings of most of the listed food & allied sector companies plunged in July-December, 2019 compared to the same period of the previous year. Market analysts said many companies are counting fur...

Cement cos for allowing gradual installments to pay gas, power bills and taxes

Cement cos for allowing gradual installments to pay gas, power bills and taxes

FE Report 2020-04-22 08:58:02

Cement manufacturers have urged the government to facilitate them creating the scope of gradual installments to pay the bills of gas and electricity and other taxes for July to December. Bangladesh...

GP approves 130pc cash dividend

GP approves 130pc cash dividend

FE ONLINE DESK 2020-04-22 08:54:17

The 23rd Annual General Meeting (AGM) of Grameenphone Ltd was held on Tuesday. In compliance with the directives set by the Bangladesh Securities and Exchange Commission and considering the health...

Bond yield drops as banks invest surplus liquidity

Bond yield drops as banks invest surplus liquidity

Siddique Islam 2020-04-22 08:52:24

The interest rate on Bangladesh Government Treasury Bonds (BGTBs) dropped on Tuesday as the commercial banks preferred investing their surplus liquidity created due to the coronavirus outbreak in the...

Yet another cut in tax revenue target likely

Yet another cut in tax revenue target likely

Doulot Akter Mala 2020-04-22 08:36:46

The government is considering revising further the tax collection target for the current fiscal year (FY2019-20) in view of the impact of coronavirus pandemic on the economy. The ministry of finance...

BD economy loses Tk 33b every day during shutdown: Study

BD economy loses Tk 33b every day during shutdown: Study

-- 2020-04-21 18:37:03

The Bangladesh economy is losing Tk 33 billion every day from its service and agriculture sectors during the nationwide shutdown over the coronavirus outbreak, a new study says. Researchers from Dhak...

Govt rolls out Tk 1.0b in subsidy for farm machinery purchase

Govt rolls out Tk 1.0b in subsidy for farm machinery purchase

-- 2020-04-21 15:50:21

The government has allocated Tk 1 billion to provide subsidy to farmers for buying agricultural machinery in fiscal 2019-20 to reduce production costs and increase crop yield. The Ministry of Agricul...

Listed companies holding AGMs online

Listed companies holding AGMs online

FE Report 2020-04-21 10:41:19

Some listed multinational companies (MNCs) including Grameenphone will hold their annual general meeting (AGM) through digital platform avoiding public gathering to contain COVID-19 infection. The mo...

Nialco Alloys to go public

Nialco Alloys to go public

Mohammad Mufazzal 2020-04-21 10:23:52

Nialco Alloys, a manufacturer of grade bronze and brass ingots, is awaiting the regulatory consent to raise a capital worth Tk 100 million from the SME Board of the Chittagong Stock Exchange (CSE)....

BB policy supports give banks manoeuvrability

BB policy supports give banks manoeuvrability

SIDDIQUE ISLAM 2020-04-21 08:59:21

The central bank's policy support is helping banks manage their funds, despite higher withdrawal pressure on cash even as deposits shrink in the aftermath of coronavirus outbreak. People are now with...

Kamal seeks $1.0b budget support from ADB in FY21

Kamal seeks $1.0b budget support from ADB in FY21

-- 2020-04-20 19:29:45

Finance Minister AHM Mustafa Kamal has sought $1.0 billion budget support in the next fiscal year (FY21) in addition to $500 million budget support in current fiscal to overcome the shock of novel cor...

Tk 30b refinancing fund for low-income groups

Tk 30b refinancing fund for low-income groups

-- 2020-04-20 18:54:50

The Bangladesh Bank has announced a Tk 30 billion refinancing fund for low-income professionals, farmers and small-business owners affected by the coronavirus shutdown. The interest rate on the loans...

Govt plans to reopen some export-oriented industries

Govt plans to reopen some export-oriented industries

-- 2020-04-20 17:17:41

Prime Minister Sheikh Hasina said the government has a plan to allow the reopening of some export-oriented industries on a limited scale if the guidelines on health and safety are properly maintained...

DSE directors at loggerheads over new membership

DSE directors at loggerheads over new membership

Mohammad Mufazzal 2020-04-20 11:16:11

The directors of Dhaka Stock Exchange (DSE) are at loggerheads over a regulatory move taken to issue new TREC (Trading Right Entitlement Certificate) required to conduct trading business by aspirant l...

'Fixing banking sector key to blunting coronavirus shock'

'Fixing banking sector key to blunting coronavirus shock'

A.Z.M. ANAS 2020-04-20 08:58:12

Underlining the importance of overhauling the banking sector, the International Monetary Fund, or IMF, has said only a sound financial system can speed up an economic rebound as Bangladesh battles...

$100m sought from WB for poultry, dairy sectors: Minister

$100m sought from WB for poultry, dairy sectors: Minister

-- 2020-04-19 21:14:56

Fisheries and Livestock Minister SM Rezaul Karim on Sunday said he sent a proposal to the World Bank (WB) seeking about $100 million under its Livestock and Dairy Development Project (LDDP) as an emer...

Emphasis on reviving local economy to boost supply of essentials  

Emphasis on reviving local economy to boost supply of essentials  

-- 2020-04-19 20:40:24

Civil society leaders at a virtual press conference on Sunday demanded that the local economy be revived even as health and safety measures are maintained, to boost production and sustain the supply c...

Modhumoti Bank distributes foods among poor families

Modhumoti Bank distributes foods among poor families

FE Online Desk 2020-04-19 16:02:46

Modhumoti Bank Limited has come forward to serve the humanitarian cause in the situation of coronavirus epidemic. Under the CSR program, Modhumoti Bank Limited has been providing food items to helples...

Govt requests World Bank for early release of US$250m budget aid

Govt requests World Bank for early release of US$250m budget aid

FHM HumayanKabir 2020-04-19 08:51:00

The government has requested the World Bank, or WB, to disburse US$250 million as budgetary support within this fiscal from the $750 million the global lender had pledged to offer as development suppo...

Export earnings fall 18.29pc in March

Export earnings fall 18.29pc in March

FE Online Report 2020-04-18 15:17:38

The country’s single month merchandise shipments in March’20 witnessed 18.29 per cent negative growth to $2.73 billion US dollar, the lowest during the current fiscal year, according to da...

Market review: DSE core index rides on large-cap companies

Market review: DSE core index rides on large-cap companies

Mohammad Mufazzal 2020-04-18 08:59:24

Large cap companies having notable impact on key index played a pivotal role behind the rise of broad index which crossed 4000-point mark in five sessions conducted before the closure of DSE. The sha...

Govt asks importers to expedite import of essential items

Govt asks importers to expedite import of essential items

RezaulKarim 2020-04-18 08:54:22

The government has stepped up measurers for enhancing imports of key essential commodities to keep their supply and prices stable in the market during Ramadan which will start in late April, officia...

Move to save fisheries sector from pandemic fallout

Move to save fisheries sector from pandemic fallout

TALHA BIN HABIB 2020-04-17 17:13:12

The government has taken measures to save the country’s fisheries sector from the possible financial damages caused by the coronavirus pandemic, an official said. Under the move, the Ministry o...

Existing infrastructure not supportive to resume stock trading

Existing infrastructure not supportive to resume stock trading

Mohammad Mufazzal 2020-04-17 09:16:07

Existing infrastructures and limited banking service do not support the continuation of trading in the capital market amid ongoing lockdown enforced by the government to contain the spread of COVID-19...

87pc RMG workers received wages: BGMEA

87pc RMG workers received wages: BGMEA

FE Online Report 2020-04-16 16:29:39

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Thursday claimed that about 87 per cent of its listed factory workers received March wages, the deadline for the same set by appar...

DSE market PE ratio hits 10-year low

DSE market PE ratio hits 10-year low

Babul Barman 2020-04-16 09:17:07

The overall market price-earnings ratio of Dhaka Stock Exchange reached rock bottom at 10.58, a 10 years low as of March 25 this year amid free-fall of stock prices. The ratio, which is the current m...

BB asks banks to waive interest on credit card bills due after Mar 15

BB asks banks to waive interest on credit card bills due after Mar 15

-- 2020-04-15 21:37:08

After late fee waiver, Bangladesh Bank has ordered all banks not to charge interest on credit card bills payable from Mar 15 to May 31 as the COVID-19 crisis drags on with a surge in number of cases....

Returnee migrants to get govt loans

Returnee migrants to get govt loans

-- 2020-04-15 18:08:50

The government on Tuesday said it will arrange loans for returnee migrant workers to enable them to pursue viable income activities, particularly in the agriculture sector. The loans, to be arranged...