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The Financial Express

Search results for: bangladesh

Asia Pacific Insurance approves 10pc cash dividend

Asia Pacific Insurance approves 10pc cash dividend

FE Online Desk 2019-06-22 13:37:01

The board of directors of Asia Pacific General Insurance Company Limited has approved 10 per cent cash dividend for the year ended on December 31, 2018. The final approval of the dividend came during...

New VAT law to help fetch an addl Tk 365b

New VAT law to help fetch an addl Tk 365b

Doulot Akter Mala 2019-06-22 10:38:10

The government projects an additional tax revenue of Tk 365.22 billion in the next fiscal year (FY), following the enforcement of the new VAT and Supplementary Duty Act-2012. The highest amount of Tk...

Weekly analysis: Stocks fall on budget disappointment

Weekly analysis: Stocks fall on budget disappointment

Babul Barman 2019-06-22 10:23:41

Stocks took a downward turn in the outgoing week, snapping a three-week gaining streak, as some proposed budgetary measures for the capital market have rattled the investors. The correction was tri...

United Power tops weekly turnover chart

United Power tops weekly turnover chart

FE Report 2019-06-22 10:16:09

Ten most traded companies accounted for 19 per cent of transactions on the Dhaka Stock Exchange (DSE) in the outgoing week, with the United Power Generation & Distribution Company making it to the...

Fund managers seek tax exemptions for AIFs

Fund managers seek tax exemptions for AIFs

FE Report 2019-06-21 11:01:04

Alternative investment fund managers (AIFMs) have urged the government to provide policy supports, including exemption from corporate tax, for the funds to help drive the country's startup ecosystem a...

Address BO account irregularities

Address BO account irregularities

FE Report 2019-06-21 10:56:30

The securities regulator has asked the depository participants (DPs) to address the irregularities involving the investors' BO (beneficiary owner's) accounts by July 21. The directive came at a meeti...

United Power generates highest transactions

United Power generates highest transactions

FE Report 2019-06-21 10:49:32

Ten most traded companies accounted for one-fourth of transactions on the Dhaka Stock Exchange (DSE) on Thursday, with the United Power Generation & Distribution Company making it to the top of...

DSE training for investors

DSE training for investors

FE Desk Report 2019-06-21 10:47:34

The Dhaka Stock Exchange (DSE) will hold a training programme on 'Asset Management: Mutual Funds/Collective Investment Scheme' for the investors on July 01-03, according to DSE website. For registrat...

Matia slams tax hike on savings certificate

Matia slams tax hike on savings certificate

-- 2019-06-20 22:26:53

Former Agriculture Minister and Matia Chowdhury on Thursday strongly criticised the proposal for increasing tax at source on family savings certificate from five per cent to 10 per cent in the propose...

'2.57 million people are working in RMG sector'

'2.57 million people are working in RMG sector'

-- 2019-06-20 18:21:39

Around 2.57 million people are currently working in the country’s readymade garments (RMG) sector. State Minister for Labour and Employment Begum Monnujan Sufian gave the information while repl...

Mercantile Bank AGM approves 15pc stock dividend

Mercantile Bank AGM approves 15pc stock dividend

FE Online Desk 2019-06-20 14:21:06

The 20th Annual General Meeting (AGM) of Mercantile Bank Limited was held at FARS Hotel & Resorts in the capital today (Thursday). A large number of shareholders approved Profit and Loss accounts...

DSE falls, CSE rises in early trading

DSE falls, CSE rises in early trading

FE Online Reports 2019-06-20 11:32:52

Stocks witnessed mixed trend in early trading on Thursday as investors are waiting for tax review issue. Following the previous two days’ modest gain, the Dhaka Stock Exchange (DSE) saw negativ...

Insurance sector surges as investors shift focus

Insurance sector surges as investors shift focus

FE Report 2019-06-20 10:45:12

The insurance companies dominated the gainer's chart on the Dhaka Stock Exchange (DSE) Wednesday as nine out of 10 gainers were from insurance sector. Rupali Life Insurance dominated the gainer's cha...

IMF seeks clarification of 'wilful defaulters'

IMF seeks clarification of 'wilful defaulters'

Siddique Islam 2019-06-20 09:23:30

The International Monetary Fund (IMF) has expressed interest to know about the definition of wilful loan defaulters, which will be used for identifying them legally. The visiting IMF mission's intere...

Bangladesh fastest economy in Asia-Pacific: ADB

Bangladesh fastest economy in Asia-Pacific: ADB

-- 2019-06-19 21:24:58

Bangladesh has achieved the fastest growth in the Asia-Pacific economies comprised of 45 countries, according to the Asian Development Bank (ADB).  In the outgoing fiscal year of 2018-19, the AD...

DSE edges up further on tax review hope

DSE edges up further on tax review hope

FE Online Report 2019-06-19 16:07:27

Stocks ended marginally higher for the second day in a row on Wednesday as investor showed their buying appetite on tax review expectations. DSEX, the prime index of the Dhaka Stock Exchange (DSE),...

Inflation up in May

Inflation up in May

FE Report 2019-06-19 11:41:20

The point-to-point inflation in the month of May last was recorded higher than that of the previous month, according to official data. It was 5.63 per cent in May compared to 5.58 per cent in April,...

Islami Bank to issue Tk 12b bond

Islami Bank to issue Tk 12b bond

FE Online Report 2019-06-19 11:24:39

The board of directors of Islami Bank Bangladesh Limited has decided to issue “IBBL Third Mudaraba Redeemable Non-Convertible Subordinated Bond” of Tk 12 billion under Mudaraba Principle o...

Stocks up at opening on tax proposal review hope

Stocks up at opening on tax proposal review hope

FE Online Report 2019-06-19 11:19:11

Stocks witnessed positive trend in early trading on Wednesday as investors are active on sector-wise shares after recent sharp fall. Market analysts said investors went for buying shares with an ex...

New VAT act to up prices of goods: PwC

New VAT act to up prices of goods: PwC

FE Report 2019-06-19 10:18:45

The new VAT law, to be effective from next month (July), will cause price hike of commodities at consumer level, the PricewaterhouseCoopers (PwC) has said. According to the new law, the products payi...

Eastern Ins tops DSE turnover, gainers' charts

Eastern Ins tops DSE turnover, gainers' charts

FE Report 2019-06-19 10:13:22

Ten most traded companies accounted for more than 22 per cent of transactions on the Dhaka Stock Exchange (DSE) on Tuesday, with the Eastern Insurance making it to the top of the turnover chart. Fo...

New VAT law: Amendments necessary to align with global best practices

New VAT law: Amendments necessary to align with global best practices

Pulak Saha, Prabir Mitra, Dibyendu Das and Shahadat Hossain 2019-06-18 21:11:50

The government has finally notified that the new VAT law (VAT and Supplementary Duty Act, 2012 and Rules 2016) will go into effect from July 01, 2019. Consequent upon this, all rules, orders, statutor...

Delta Life Ins recommends 26pc dividend

Delta Life Ins recommends 26pc dividend

FE Online Report 2019-06-18 11:34:14

The board of directors of Delta Life Insurance Company Limited has recommended 26 per cent cash dividend for the year ended on December 31, 2018, said an official disclosure on Tuesday. The final a...

Stocks open positive; DSEX gains 10.56 points

Stocks open positive; DSEX gains 10.56 points

FE Online Report 2019-06-18 11:31:28

Stocks witnessed positive trend in early trading on Tuesday as some investors are active on sector-wise shares after recent sharp fall. The market witnessed sharp correction in the past two session...

Union Cap to issue Tk 2.0b unsecured bond

Union Cap to issue Tk 2.0b unsecured bond

FE Report 2019-06-18 10:27:26

The board of directors of Union Capital has decided to issue unsecured subordinated redeemable non-convertible bond of Tk 2.0 billion in face value through private placement. Face value per unit (l...

Ten most-traded cos snare 23pc transaction

Ten most-traded cos snare 23pc transaction

FE Report 2019-06-18 10:25:35

Ten most-traded firms captured 23 per cent transaction of the Dhaka Stock Exchange (DSE) on Monday while United Power topped the list. Market analysts said investors were active on United Power Gener...

Union Capital to issue Tk 2.0b unsecured bond

Union Capital to issue Tk 2.0b unsecured bond

FE Online Report 2019-06-17 20:04:18

The board of directors of Union Capital has decided to issue unsecured subordinated redeemable non-convertible bond of Tk 2.0 billion in face value through private placement. Face value per unit (lot...

No liquidity crisis in banking sector: PM

No liquidity crisis in banking sector: PM

-- 2019-06-17 18:41:28

Prime Minister Sheikh Hasina on Monday told Parliament that there is no liquidity crisis in the banking sector insisting that certainly there is money in banks. “It’s said there’s n...

Parliament passes supplementary budget for FY19

Parliament passes supplementary budget for FY19

-- 2019-06-17 18:27:42

The parliament has passed the supplementary budget of over Taka 151.66 billion for the outgoing 2018-19 fiscal to meet the increased expenditures under different ministries and divisions. Finance Min...

DSEX dips below 5,400-mark on selling binge

DSEX dips below 5,400-mark on selling binge

FE Online Report 2019-06-17 15:33:10

Stocks slumped further on Monday, the second day after unveiling the budget, as some proposals of the budget made investors upsets. DSEX, the prime index of the Dhaka Stock Exchange (DSE), settle at...