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The Financial Express

Search results for: bangladesh

BNICL approves 12pc dividend

BNICL approves 12pc dividend

-- 2019-07-04 10:37:43

Bangladesh National Insurance Company Limited (BNICL) approved 12 per cent cash dividend for the year 2018 at its 23rd annual general meeting (AGM) held at the Spectra Convention Centre in the city re...

EU-Vietnam FTA to hit BD trade hard

EU-Vietnam FTA to hit BD trade hard

FHM Humayan Kabir 2019-07-04 09:27:48

Bangladesh is likely to face a severe blow to its foreign trade, as its competitor country Vietnam signed a free-trade agreement (FTA) with the European Union (EU) on Sunday, analysts said on Tuesday....

Bangladesh one of great success stories in world: US envoy

Bangladesh one of great success stories in world: US envoy

-- 2019-07-03 20:47:28

US Ambassador to Bangladesh Earl R Miller on Wednesday said Bangladesh is one of the United States' most valued partners and one of the great development success stories in the world. "I'm proud of w...

No VAT on sanitary napkin, NBR clarifies

No VAT on sanitary napkin, NBR clarifies

-- 2019-07-03 19:52:05

The National Board of Revenue (NBR) on Wednesday said that the government has not imposed value added tax (VAT) on sanitary napkin in the national budget for the fiscal 2019-20. The central authority...

Move to improve living standard of 4.0m people in Dhaka

Move to improve living standard of 4.0m people in Dhaka

-- 2019-07-03 18:33:03

The United Nations Development Programme's (UNDP) in collaboration with the government of Bangladesh has launched a six-year project for improving the living standard of the capital's 4.0 million pove...

DSE, CSE keep losing amid low confidence

DSE, CSE keep losing amid low confidence

FE Online Report 2019-07-03 15:49:29

Stocks extended the losing streak for the three consecutive sessions Wednesday as investors kept their selling binge on major sectors’ shares. DSEX, the prime index of the Dhaka Stock Exchange...

Stocks witness mixed trend in cautious trading

Stocks witness mixed trend in cautious trading

FE Online Reports 2019-07-03 11:51:25

Stocks witnessed mixed trend in early hours of trading on Wednesday as investors mostly followed cautious after the final budget. Parliament passed the tax measures for fiscal 2019-20, reducing tax...

Ashuganj Power to float IPO worth Tk 1.0 billion

Ashuganj Power to float IPO worth Tk 1.0 billion

FE Report 2019-07-03 11:06:30

Ashuganj Power Station Company will raise a capital worth Tk 1.0 billion to conduct different development works including the land development. The company will raise the capital by issuing bond th...

Net foreign funds see negative trend after seven FYs

Net foreign funds see negative trend after seven FYs

FE Report 2019-07-03 11:01:11

Net foreign fund in stocks witnessed negative trend in the outgoing fiscal year (FY) after seven fiscals as overseas investors booked profit by selling shares. Foreign investors bought shares worth...

ADB may extend capital market loan deal tenure by one year

ADB may extend capital market loan deal tenure by one year

FE Report 2019-07-03 10:58:24

The Manila-based lender Asian Development Bank (ADB) is likely to extend the third Capital Market loan agreement by one more year as the term of the deal expired on June 30 last, an official said. He...

Heat stress to guzzle output equal to 3.83m jobs in BD

Heat stress to guzzle output equal to 3.83m jobs in BD

FE Report 2019-07-03 10:41:04

Bangladesh is projected to lose productivity equivalent to 3.83 million full-time jobs in the year 2030 due to rise in heat stress caused by global warming, according to a latest report. By 203...

Remittances hit record $16.42b in FY' 19

Remittances hit record $16.42b in FY' 19

Siddique Islam 2019-07-03 09:44:58

The flow of remittances grew by 9.65 per cent to a record US$16.42 billion in the just-concluded fiscal year (FY) as the exchange rate of local currency weakened against the US dollar. The figure jum...

BIMSTEC free trade deal likely this year

BIMSTEC free trade deal likely this year

Mir Mostafizur Rahaman 2019-07-03 09:28:54

A free trade agreement (FTA) among the BIMSTEC countries may be signed this year, a top official of the regional grouping said on Tuesday. The BIMSTEC, which stands for the Bay of Bengal Initiative f...

'BD likely to become 25th largest economy in 10 years'

'BD likely to become 25th largest economy in 10 years'

-- 2019-07-02 20:13:11

Prime Minister Sheikh Hasina has said Bangladesh is likely to become 25th largest economy globally in 10 years. “Whatever gaps or limitations that we have, we are ready to correct those. So, we...

Chamber Judge stays HC order on BB privileges for loan defaulters

Chamber Judge stays HC order on BB privileges for loan defaulters

-- 2019-07-02 19:50:46

The Chamber Judge of the Supreme Court on Tuesday stayed a High Court order that directed to maintain a status-quo on a Bangladesh Bank policy offering special privileges to loan defaulters. Justice...

Bangladesh is safe place for investment: PM

Bangladesh is safe place for investment: PM

-- 2019-07-02 18:26:45

Prime Minister Sheikh Hasina has said currently the economy of Bangladesh is stronger than any other time. The Prime Minister also described the country as a safe place for investment, according to a...

FBCCI leaders discuss investment issues with Chinese counterparts

FBCCI leaders discuss investment issues with Chinese counterparts

-- 2019-07-02 17:56:38

Leaders of the Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) on Tuesday discussed ways with their Chinese counterparts to boost trade and investment between the two countries....

UAE keen to invest in food processing sector

UAE keen to invest in food processing sector

-- 2019-07-02 16:43:54

The United Arab Emirates (UAE) wants to invest in the food processing sector of Bangladesh. The UAE Ambassador in Dhaka Saed Mohammed Al Mheiri expressed the interest on behalf of his country during...

Stocks slump first session of new fiscal

Stocks slump first session of new fiscal

FE Online Report 2019-07-02 15:55:45

Stocks tumbled on Tuesday, the first session of the fiscal year (FY) 2019-20, as investors mostly on selling binge on major sectors’ shares. Parliament passed the tax measures for the fiscal ye...

Confusion reigns as govt rolls out new VAT

Confusion reigns as govt rolls out new VAT

FE Online Desk 2019-07-02 14:26:11

Nikkei Asian Review in a news article said that the new Value Added Tax (VAT) system in Bangladesh has confused both the consumers and businesses. Titled ‘Bangladesh's VAT rollout confuses cons...

ICB signs APA  with FID

ICB signs APA with FID

FE Online Desk 2019-07-02 13:22:51

The Annual Performance Agreement (APA) 2019-20 between Financial Institutions Division of Ministry of Finance and Investment Corporation of Bangladesh (ICB) was signed recently. Senior Secretary of F...

ACME starts production of steroid, hormone from IPO project

ACME starts production of steroid, hormone from IPO project

FE Online Report 2019-07-02 11:41:28

The ACME Laboratories Limited has declared the commencement of commercial production of its state of the art steroid, hormone facility at Dhamrai upazila of Dhaka district. The company noted that the...

Stocks open new fiscal year on negative note

Stocks open new fiscal year on negative note

FE Online Reports 2019-07-02 11:37:09

Stocks witnessed downward trend in early hours of trading on Tuesday, the first session of the fiscal year (FY) 2019-20, as investors mostly followed cautious. Parliament passed the tax measures fo...

DSEX adds 36 points in H1 amid volatile trading

DSEX adds 36 points in H1 amid volatile trading

FE Report 2019-07-02 10:32:15

Stocks posted a slight gain in the first half of the 2019 despite the year started with shining streak amidst post-election buoyancy. DSEX, the prime index of the Dhaka Stock Exchange (DSE), to 5,950...

NBR lifts VAT, SD on diaper, sanitary pad raw materials

NBR lifts VAT, SD on diaper, sanitary pad raw materials

FE Report 2019-07-02 10:31:32

The National Board of Revenue (NBR) has exempted Value Added Tax (VAT) and Supplementary Duty (SD) on import of raw materials for producing sanitary napkin and diaper in a bid to make their prices a...

Rights subscription of IPDC to open July 10

Rights subscription of IPDC to open July 10

FE Report 2019-07-02 10:29:39

Rights shares subscription of IPDC Finance Ltd is set to begin July 10, aiming to raise Tk 1.41 billion through rights issuance. Rights subscription of the non-bank financial institution will be co...

BD, WFP working to lift rural women out of extreme poverty

BD, WFP working to lift rural women out of extreme poverty

-- 2019-07-01 17:04:57

The government of Bangladesh is set to reach 100,000 women with livelihood training, behaviour change education, as well as food assistance through a programme involving $72 million. The World Food P...

New VAT law finally takes effect

New VAT law finally takes effect

FE Online Desk 2019-07-01 14:52:55

The new value added tax (VAT) law has finally taken effect from the first day of the new financial year, 2019-20. In line with the announcement made by Finance Minister AHM Mustafa Kamal in the new b...

Bay Leasing AGM approves 10pc cash dividend

Bay Leasing AGM approves 10pc cash dividend

FE Online Desk 2019-07-01 12:38:37

The board of directors of Bay Leasing & Investment Limited has approved 10 per cent cash dividend for the year ended December 31, 2018. The announcement came at the company’s 23rd Annual Ge...

13 cos, one MF raise Tk 5.71b through IPOs

13 cos, one MF raise Tk 5.71b through IPOs

FE Report 2019-07-01 10:36:11

Thirteen companies, mostly small ones, and one mutual find raised an aggregate amount of Tk 5.71 billion by floating IPOs in the outgoing fiscal year. Fundraising by companies through initial public...